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Ebay Sellers: Shopping On Black Friday Will Make You Thousands
Black Friday is a goldmine for eBay resellers. On one single day
there are more profitable items for sale than during the entire
rest of the year. If executed properly, Black Friday can easily
create thousands of dollars in profit. This article explains in
detail how to find and buy deals on Black Friday and then how to
sell them on eBay for a profit.
Preparing for Black Friday In order to make the best purchases
on Black Friday, it is necessary to start by gathering some
supplies. Initially you will need the following:
- Money - Transportation - Advertisements
The first requirement is fairly self-explanatory, but keep in
mind that the more money you can spend the more you can make.
Don't go out and spend $10,000 on your first trip though, as
that is a lot to loose if you mess up. Prepare yourself to spend
a set amount of money before leaving, that way you will know
exactly what you are getting into. The second requirement is
actually more important than it sounds. My friend and I went on
our first Black Friday trip over four years ago, and boy were we
under prepared. We went out with two sedans and came back with
two sedans filled with products plus another sedan's worth tied
to the roof. I highly recommend that you at least attempt to
find a rather large vehicle, though it isn't imperative. Lastly,
you will need to find yourself as many advertisements for Black
Friday as possible. The sooner you get these, the easier it will
be to do the research. I personally advocate searching online;
there are many websites that post Black Friday sales ads well
before they are printed. Look for deal sites and eBay selling
sites to have these. Now that you have everything together,
let's get to the important part.
Researching Products for Profitability It is ironic that the
most important part of making money on Black Friday isn't
actually done on Black Friday. This is the part that separates
those who will profit from shopping and those who will just buy
things. It almost all comes down to the research. When the big
day rolls around, it is important to know exactly where you are
going and exactly what you are buying Also know how much money
you expect to make from each product. Keep the importance of
this step in mind as we continue.
The initial research begins with finding the material, a.k.a.
advertisements. This can be done in two ways; the first is to go
and get newspapers on the Wednesday before Black Friday, the
second is to find ad-scans on the internet. I fully prefer the
second method, as it allows me to research weeks in advance. A
simple Google search for Black Friday will reveal many websites
that are dedicated to providing ads as far ahead of time as
possible.
Once your ad collection is assembled, you will need to sit down
and look through all of them, paying specific attention to items
you think will sell best. If you need to get a general idea of
product value then vist www.selladeal.com/produc
ts and look at what items sell best. Next you want to write
down a list of the products that you think will be profitable
when sold. You will then check this list against the completed
auctions on eBay to get an approximate selling value. To
reiterate, you will be looking through ads to pick out valuable
buys and comparing the price with their current value on eBay.
This will give you a guess as to the amount of money you can
make off of each item. I recommend repeating this process of
finding an item and checking its eBay price several times so
that your list will be fairly complete. At the end of this
process, you should have a good number of products along with an
idea of how much money you can make from reselling them.
Ranking and Scheduling Stores Now it is time to plan out our
shopping trip. Here we have this list of products and how
valuable they are to us. The next step is to arrange the items
by store and by profitability. This should make it apparent
which stores are going to be more profitable than others - these
are the stores that you'll want to visit first. After you have
the stores arranged based on profitability, you want to double
check the hours of each sale. This will assure that you catch
all opportunities because of differently timed sales (in a
perfect world, each sale would start about 2 hours after the
previous, in reality they will likely all start at the same
time). The final step to this process is to write down an exact
order of the stores that you will visit and an exact order of
the products you will buy in each store. This list makes buying
the best products a very straight forward trip. If you know what
you want before hand, you will get there before the people who
will have to think about it.
The Big Day - Black Friday Believe it or not, this isn't nearly
as difficult as it is made out to be. Yes, there will be crowds.
Yes, people will be acting like maniacs. This is why you will
succeed - because you have already planned and researched
everything and will not be acting crazy. The drill is simple:
follow your schedule and buy as many of the profitable items as
you can get. There may be times when you need to be assertive to
stay at the front of a line, or even to push your way through a
crowd to get to a product. The key is to remain polite,
confident, and assertive enough to get to where you are going.
Getting angry or causing trouble will only make things worse. If
you cannot get one of your best products, it isn't the end of
the world. Remember that there are a lot of other items that you
can get to resell for a profit. Here is a general set of
guidelines for getting the best items:
- Always remain calm. You must be in control and thinking at all
times. - Be assertive. Say excuse me to get past people, don't
just wait there. - Be polite. The moment you loose your temper,
the sales reps will turn on you. - Stick to the plan. Purchase
the items that you can, and move on to the next store.
If all of these guidelines are kept in mind, there should not be
any problems during Black Friday. There is one other thing to be
aware of; up selling. Sales personnel will try rigorously to add
on warranties, surge strips, antivirus software, and many other
items that are not worth mentioning. Do not buy into their sales
hype - stick with the plan and purchase the profitable items,
nothing else.
Selling your Products on eBay Almost there! Here is what's next:
cataloguing and selling the items online. This is pretty easy;
the hard part is certainly over. Sell as many of the items as
possible within the next two or three weeks, that way they will
arrive by Christmas. Don't panic or overload eBay in order to
reach this deadline, the items will sell nearly as well the
first week into January. I don't recommend selling products
during the weeks before and after Christmas, as this is usually
a pretty slow sales period on eBay. I would highly recommend
reading these selling guides if you need to brush up on your
eBay auction technique. On the most basic level, you need to at
least include a picture in each auction. That is about it - once
everything is listed you need only sit back and deal with
shipping. There are also some shipping guides in the above link
if need be.
Let the Items Sell, and Count the Profits This is the best part.
Once everything is finished selling, it's time to add it all up
and see just how great Black Friday is. I personally made well
over $2,000 on my first Black Friday. Give it a chance, do the
research, and good luck!
About the author:
Mason Hipp is an eBay powerseller and a regular contributer of
selling guides, ebay products, and information to
http://www.selladeal.com
Written by: Mason Hipp
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