Storing Your eBay Products for Selling
When you are starting out your
eBay business, you may find that fantastic deal on a product you know
for a fact will sell well. Some sellers will jump on the opportunity,
failing to think about the reality of their purchase... storing it until
you ship to the customer.
If you have already made this
mistake, you're probably sounds that renting a storage unit isn't the
most cost effective way of making a profit on eBay. Not to say that some
sellers don't do this, but particularly when you're starting out, you
just might not have the overhead to pay storage fees on top of paying
for the product itself before you actually sent it to the high bidder.
If you plan on purchasing wholesale
or in bulk, make sure you have the room to store again. Do you have an
unused bedroom that can be converted into an eBay seller's room? Do you
have a basement you can stash your products in? Or can you store items
in your garage while you or your partner parks on the street? Or worst-case
scenario, do you have the money to pay for storage outside of your house
or place of business.
If you plan on renting storage
space to keep product inventory to sell, it is a good idea to research
and find out exactly how much a storage unit will cost and how much it
will hold. Rates can fluctuate greatly depending on where you live at
the size of storage room you want. Then you'll know what storage overhead
price you will need to work into the wholesale price, so you can include
that when determining your approximate profit when you resell it on eBay.
You may discover that there isn't much profit left after you pay the extra