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Given stock worth £100's and struggling to sell it on Ebay

Discussion in 'Ebay' started by hostiletakeover, Feb 26, 2015.

  1. hostiletakeover

    hostiletakeover Newbie

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    As the title says I've been given stock worth £100's to sell on so we can re invest the money in something else or back into the same products. I don't really want to go into the details of the niche or the products but it's definitely a high competition market. I checked most of the established competition and people are actually buying them at insane prices like £3 for 5 pieces when the actual value is about £1.20 per 10 from Chinese whole sellers. With that in mind I tried selling 10 for £3 but all I got was one question and no sales after about a week or two, so I became impatient and listed 100 for £12 on auction, which was the minimum I was willing to let them go for with free postage and yet no one bought it even when it was re listed.

    I've managed to sell a few things at a slight loss and made quite a bit of profit from one auction which seemed like a one off as two people tried to outbid each other, but overall with about 25 listings I've only sold about 6 or 7 of them even when I set a lower price than domestic sellers and Chinese whole sellers on auction no one bids. For each listing I take multiple pictures and even slightly edit them to look better and copy other sellers listing titles(not word for word though), categories and add a brief description.

    I guess I'm asking for advice as I still have 100's of listings to post and haven't even made a dent in the stock. :(
     
  2. Panther28

    Panther28 Jr. VIP Jr. VIP

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    list the product on amazon too, also on ebay study what the other sellers are doing religiously, and copy their methods and styles of listings, are they using larger photos, what are their descriptions like?
     
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  3. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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  4. hostiletakeover

    hostiletakeover Newbie

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    Thanks for the advice, I never thought to try listing stuff on amazon. As for studying my competitors I noticed for their descriptions they mostly seem to use an ascii art template filled with information about them and then add a brief item description to it, so I'll make a simple template for myself and copy and paste that into all my listings.
     
  5. hostiletakeover

    hostiletakeover Newbie

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    Thanks for pointing me in the right direction, there's some good advice in there that I'm going to apply to my listings. What do you recommend auctions or fixed listings? I had to remove the links from your post as I'm not allowed to post links yet.
     
  6. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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    To be honest, there are guys that posted in those threads that are ten times sharper than I am as to eBay but I always do the auction option. It gets more eyes on the products from what I have experienced but, like I said, there are a couple of real sharp eBayers in that thread, namely Shezboy and Sturose.

    See if you can get a hold of those men and you'll get a more seasoned perspective on that particular aspect of selling there.
     
  7. ebayballer

    ebayballer Newbie

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    It's going to be hard. I suggest you set up auctions at 0.01 and have the shipping fee be worth the stock and whatever bids you get is your profit.
     
  8. simpleinfo

    simpleinfo Registered Member

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    pm me if you're interested in a partnership I'm a US based eBay & Amazon seller with multiple clean seasoned accounts. I could help move product.
     
    Last edited: May 18, 2015
  9. genotype

    genotype Newbie

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    I'll help you sell, no commission for early selling since its low cost. Sounds like it could help build my account
     
  10. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Online isn't the only option.
    I see you are in the UK (your prices are in sterling), if you have physical stock and aren't having luck with Ebay then look for a decent Car Boot Sale or busy Market in your area.
    The weather is getting better and depending on what the product is, you could sell large numbers at a busy market/boot sale held on the weekend.