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All just about eBayOrdinary product + Accessorial value = Accrued Profits!
by:
Richard Grady
Copyright 2004 Richard Grady
Ok, here's the thing....
Everyone that wants to get started purchasing and merchandising (either online or offline) is trying to find that 'bargain buy' - thing
whose wholesale cost is 50% less than the standard retail price. It is possible to find such products but they are rare and as shortly as one person starts merchandising the item, others wish jump on the bandwagon and force the cost down.
The fact is that there are few items nowadays with a immense retail markup and global markets such as eBay do nothing to help this situation as there are so galore sellers that there is only one way for prices to go and that is down.
So instead of taking the easy option and trying to just purchase an item at one cost and sell it on to person else for double (which involves little skill, thus anyone can do it meaning the end result is that after a really short time you won't be able to double your money because of competition), you need to try and find a way to ADD VALUE. In another words, buy a standard product and then modify/change it in several way to do it much attractive to buyers. This wish change you to do a larger profit margin and depending upon what you are doing to the product, may help reduce the level of competition you have to face.
Let me give you a couple of examples:
How just about purchasing an ordinary, plain t-shirt (wholesale cost for t-shirts is as little as $1.80/£1.00 each) and then print thing
on it. If you are ingenious with what you print, you may well be able to sell the 'new improved' t-shirt for $25/£15. In fact, I have a friend that is doing this exact thing! He came up with a unique and innovational idea to print on t-shirts and now prints his own t-shirts exploitation a home-made screen printing press (seriously, he got the manual off the Computer network and really built a cheap press himself!) All of the t-shirts he sells are either black or blue and he only prints in white - a amazingly simple idea but one that is proving to be fairly lucrative. Of course, it would-be be unfair to disclose exactly what he is printing on the t-shirts but there must be thousands of possibilities that haven't yet been thought of.
There are galore another 'arty' type things that you may be able to do if you have the necessary ability but even as if you are not artistic, you shouldn't let that hold you back....
I often get emails from folk asking wherever
they can buy blank CD-Rs to resell. Fact is that the profit margin on blank CD-Rs is bantam (in fact, unless you can sell thousands and thousands every week, I wouldn't waste your time even as looking at this market) HOWEVER, take a blank CD-R and put thing
of value on it and suddenly that disc is worth a whole lot much than it was blank. Of course, I am not talking just about putt pirated material on the discs but how just about digital products that you have either make yourself or that you have purchased merchandising rights to? To give you several idea of how far you can go with this idea, I recently purchased a training course that was supplied on five CDs. The value of the CDs and cases was less than $2.00 but I paid over $800 for the course!
Why? Because I wanted the content. I knew that the content was far much valuable than the CDs themselves and I knew that they were going to help me increase my own businesses profits (which they did and I recouped my investment inside
a week of perusal and acting on the course material).
Once you have known
an chance such as those defined above (and there must be thousands and thousands of them), start thinking just about how you can get person else to do the activity for you. The goal of a true enterpriser should be to free up his/her time and use it to move up with new ideas or to promote existing ones - he/she shouldn't be sitting in the garage printing t-shirts!
Just just about the author:
Richard Grady has been portion folk earn online since 1998. Find out much just about Richard at: http://www.thetraderonline.com
eBay sellers: http://www.theuktrader.co.uk& http://www.theustrader.com
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