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How To Build Your eBay Business with ZERO Competiton

Discussion in 'Ebay' started by BassTrackerBoats, Sep 2, 2014.

  1. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    I do a little eBay and have, in the past 6 - 8 weeks ramped it up as I am finding some super good pricing for the kinds of products I offer. My problem used to be that I would find a product that I knew had a decent profit margin but I was hampered by others selling the exact same thing at a price that was either better or in the same range and it caused competition that made things a little slower.

    So I took a page out of the wholesale books and looked at their business model. Places like Sam's Club, BJ's Wholesale, Costo and the like. Years ago Costo was a customer of mine and we had to do some retooling on our product lines because of how they wanted their purchases from us packaged.

    They wanted their package to have quantities in there that nobody else had; i.e. if the normal packaging had 6 items, they wanted 8 so that the number would be different than anywhere else. Should the packaging be a dozen, they wanted 15 and so on.

    To be honest, the margins were not there to make me a happy GM on the manufacturing end, but the value to us was the branding of our products in their stores. It killed me as to my monthly bonuses until I had the bean counters back out the sales/costs so that my numbers looked reasonable.

    So, how did I apply this to my eBay offers?

    I found products with decent margins that had a fair amount of interest on eBay... I bought a variety of items all in the same niche (my current niche) and had a whole bunch of different products sitting in a spare room in my home. A closet will do, a garage, part of your office, whatever... just keep things organized.

    Then I married some of them up that were related. For instance I took some (hypothetical products, Folks!) athletic shoes and put them with 4 pair of quality socks and made a product; took a hammer, 5 screw drivers, 2 wrenches and a mini-tool box and made a product... getting the idea? I just made sure that the combination of products I was offering was not something that was being offered there. So people looking for hammers would say, "Hey, I could use some screwdrivers and wrenches too", and those buying shoes would say, "Yeah, new socks would be great to have with my new shoes".

    I took pictures of the package offerings that were not even close to what you would see in eBay for any of those items at all, and wrote unique titles and unique listing content. So the packages were different, the images were different, the title and the listing information were different.

    Then calculated my cost and added in my profit and listed them.

    Sales for my niche products are better than they were as my competition is really not the same and the margins are still there as well. You just have to make sure that what you are putting together as a package is not the same as what is offered anywhere on eBay if possible or, at the very least, is not offered by many people.

    This has increased my sales and thus my income and the time spent was not out of line with the increased revenue. It is important that you calculate your costs properly so do not miss the mark there or you'll be saying nasty things (probably all true) about me behind my back.
     
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  2. sashablack

    sashablack Elite Member

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    WOW, I always knew that I was not the only genius :) lol Great piece of advice and great to hear you are profiting from such simple method :)

    -Sasha
     
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  3. radiant13

    radiant13 Power Member

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    Nice application of thinking outside of the box. Now to find some products to marry together. Thanks for the share, bass.
     
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  4. shezboy

    shezboy Jr. VIP Jr. VIP Premium Member

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    Nice idea buddy and shows, yet again, that making small changes can make you stand out from everyone else which usually means more money in your pocket.

    I guess the same could be applied to people selling kids clothes on eBay. I see lots of people selling separate items but no one appears to put a set of clothes together and sell it. By doing that you're saving the customer time as well because they don't have to shop around looking for clothes to go with the other clothing items they've bought.

    Think about it - shops dress manikins in matching clothes so that customers can see what works together and the customer can then go and pick all of those items from inside the shop/store.

    Bravo BTB, this is something that I shall be mentioning to the other half as she's selling items that this can be applied to.

    Shez
     
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  5. LostConnection

    LostConnection Senior Member

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    Loving the twist you have done, simple yet very effective. This is what I value the most about BHW, people actually have a lot of experience and plenty of good ideas as to how to make a method 'feel their own' so to say.

    Where as in 'the other forum' you get shit advice for 7$ and it is something that has been done a billion times by a million people and it is simply just not worth even trying to twist it, because there is nothing that hasn't been done.

    And 20 bucks says that BTB's great method, and that lovely twist, will be a WSO next week, by some random dude who 'figured it out all by himself'.
     
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  6. shezboy

    shezboy Jr. VIP Jr. VIP Premium Member

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    :dito:

    I also agree with the other points you made but the last part made me laugh because it's true (which is a shame really) but hey, that's in the other place and we're over here so all is well.


    Shez
     
  7. sturose

    sturose Power Member

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    Similar to what I used to do several years back. You could find thousands of screwdrivers on ebay, (yes I did sell tools) but rarely did you find a screwdriver set with 2-3 packs of 1000 screws with them.

    I also went through a product "improvement" phase. Not quite as successful because I am not exactly artistically gifted but I would take a cheap £1 bathroom mirror and add some stickers to it to make it a picture/name tag mirror or a silhouette mirror. Under £2 cost and I could sell them for £10-12 each before others started seeing the potential.
     
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  8. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    I thought that might happen as well so I won't take that bet!
     
  9. sturose

    sturose Power Member

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    I'll only charge $17 for it.:lmao:
     
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  10. reenaribeena

    reenaribeena Newbie

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    This is a great method! I want to try it, but would it work with Dropshipping?
     
  11. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    I would think your dropshipper would have to be the person who was sourcing all the products in your group and be able to ship them all at the same time, or better yet, in the same package, to make that work seamlessly.
     
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  12. sturose

    sturose Power Member

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    It would depend on the company who is dropshipping the products. If they will package the products all together and ship them by weight for shipping cost then maybe it would. Some dropshipping outfits charge shipping per item as they generally only expect to be sending one at a time. If this is the case with your supplier then it would be very costly I would think.
     
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  13. IMpossible

    IMpossible Supreme Member

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    Great Idea! How large should the margin be if I combined two products? 5$ for my pocket? 10$?
    How is your average margin?
     
  14. sturose

    sturose Power Member

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    It would really depend on the product and similar competition on eBay.

    As I stated above I used to buy a cheap mirror and stickers from the pound shops (UK), combine the two and make 8-10 GBP profit. You can't do that now because you can find printed mirrors or etched mirrors for less.

    Similarly, if for example you were to combine a hammer with a selection of 5000 nails and throw in a cable/pipe detector and try to sell them for £20 GBP When you only paid £7-8 for the three items but they could be purchased separately for only £12-15 then which would people go for?

    Obviously price isn't everything, if you are only a small amount out then people will still buy from you for various reasons. Convenience because they don't have to order 3 separate items and they will arrive together, some people are put off by the cheapest price because of quality issues. I actually know people who won't even walk into a pound shop here in the UK because they think the products are all rubbish and beneath them!!! but I have obtained many products on their behalf that they believe came from a larger chain store and made a small profit each time.

    Try and find something new and different. A friend of mine worked at a factory that produced acrylic (Plexiglas) products. He used to bring all the scrap pieces to me and I would put door numbers or names on them as door signs. I bought cheap clocks and removed the movements, drilled a hole in an odd shaped piece of plexiglas and made an unusual looking clock. Anything I could think of that would look novel, people love novelty goods.
     
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  15. shezboy

    shezboy Jr. VIP Jr. VIP Premium Member

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    Being different when it comes to selling on eBay is what's needed to cut through the competition now. It's all too easy for 100 people to source the same products and then compete (usually on price) against each other.

    Way, way, way back I used to sell digital products on eBay (ebooks, software) and made a real easy living on it. I was really surprised that no one else was doing it but the fact they weren't was good news for me. With very little effort and around one hour of work a day I could see profits over over £700 per week.

    Yeah, back then £700 was worth more than what it is now and for a single guy, with very few commitments, working 7 hours a week for £700 seemed like a good deal. It beat the hell out of the day job that I had recently quit.

    But as time went on others caught on to selling all kinds of ebooks and they'd happily sell them (resell rights stuff and PLR) for 99 pence!!! It screwed it totally and I shipped out of that market.

    Anyway, I digress..... Doing something different, even if it's just a little bit different to what everyone else is doing will help you stand out from the rest and save you having to compete with them on price.

    Shez
     
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  16. mattyesque

    mattyesque Newbie

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    Very useful post. Bookmarked it!
     
  17. LordXyron

    LordXyron Newbie

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    I love methods and tips related to e-commerce sites like Ebay/Amazon as they always stay young unlike IM strategies that are busted once everyone get to use them.
     
  18. bojan92

    bojan92 Regular Member

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    Thank for the share. mate. It is a very nice way of doing business. If you don't have any competition you will make a lot of money that is a fact :))))
     
  19. youfang

    youfang Newbie

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    Thanks for the idea to be shared! Save it in my account for use.
     
  20. nnahlee

    nnahlee BANNED BANNED

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    wow great share thanks for giving me some ideas :D
     
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