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Personal computer

Reading this you are most likely already on a computer of your own. If not, then borrow one until your profits are able to cover the costs of a new computer. Be sure to ask your income tax professional if this is a business expense you can write off at the end of the year. Buying a refurbished or used computer can be a great way to save money.

Supplies

Boxes, tape, and bubble wrap are necessities of the resale industry. Having a shipping scale label printer will save you time and money in the long run.

Storage Space

Where will you keep your inventory? A spare room or garage will work great. You can always rent out a commercial storage unit if your inventory cannot be stored at home.

Camera/ Smartphone

You may already be carrying a great quality camera in your back pocket. That’s right that smartphone can serve as your camera. Be sure to include product images every product listing. Use a clean, crisp white backdrop and natural sunlight. If you already have a heavy white sheet or a white canvas you may not have to spend any additional money on your backdrop.

Retailers know the holidays are the busiest time of the year but many in the wholesale resale industry take this time to relax and unwind. Take advantage of this opportunity and outperform your competition.

Plan and Prepare

Most holiday purchases are made in the month of November. Start sourcing liquidated gifts and décor, such as these listed on dtlots.com, to meet for your customer’s needs.

Create urgency

Increase sales by giving your customers a limited time offer. Your shoppers will feel a sense of urgency when they know your products won’t be for sale much longer.

Free Shipping  

Free shipping is a growing trend among retailers, and for good reason. From a psychological standpoint, customers are more likely to purchase if they are presented with one price instead of two. Roll the price of shipping into the price of the product and watch those holiday sales grow!

Time Is Of The Essence

Speaking of shipping, make sure your order requests are fulfilled before the holidays start. Make sure Santa arrives on time this year and get those liquidated products in the mail!

Create an Account

If you are not yet familiar with eBay take some time to explore the site. Once you are ready to open your virtual store think about long-term branding for your business. A name should be professional but unique to you and your company’s mission. Imagine how your business name will translate into other sales channels in the future.

Build a Reputation

A quick way to build up your eBay positive rating is to make a purchase and leave a review for the seller. An inexpensive purchase can be a great way to earn a 5-star review from the seller.

Market Research

Get a sense of what your products will sell for by filtering for sold listings. Instead of searching all auctions, be sure to uncheck the completed items option, too view ones that ended with a sale. Sort by price to see how low in price your competitors are willing to go.

Quality Images Matter

Don’t underestimate the power of a well-lit photograph. The best lighting is completely free. Take your photographs outside on a sunny day. Be sure to include any product imperfections in your photos. You will build a loyal following if you are open and honest about the quality of your inventory.