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The first step is to research..

Look at the prices similar products to yours are currently commanding at the end of the auction – can you make a profit on this once your costs have been considered? (Costs are not just the cost of listing the item with its picture, other costs include the final fee Ebay charges which is proportional to the winning bid. Postal costs – make sure you have accurate information or you could lose out on postage costs, Paypal and bank charges, the cost of the items and the shipping costs you may incur, your time/staff time spent both listing the items, managing the potential sales invoicing etc and packaging/postal trips.  All this takes time and should be costed into the item’s selling price.

Ebay and other online auctions such as  www.CQout.com and Bidz can be an extremely lucrative source of goods for both buyers and sellers.  A little background information on how these sites work, and which traders to trust makes life run far smoother! A good starting point is to check out their feedback.

Other sources include Wholesale Sources Directory and Overstock sites who buy surplus goods in bulk and you may find a bargain.

Oddly enough, the auctions where you sell your product equally provide prime opportunities for buying goods to sell on at a later date! Sections such as wholesalers and mis-spelt items all provide good opportunities to the right seller with the knowledge – the knowledge of what the product is actually worth, how to re-promote it correctly and who to target for it.   Sounds simple? how many times have you seen an item mis-spelt, listed under the wrong size, listed as “evening dress” when its a designer label etc?.. All these sellers are selling themselves short since any person actually searching for those goods will in general type in an accurate keyword search and only call up relevant listings and so the above listing will get totally over-looked and be snapped up by a last minute bidder looking through the 99p or less listings …

Another option is to source a DropShipping Manufacturers Directory. There are a few sources of dropshippers including Dropshipping Manufacturers List as well as Dropship Guide.