Why Reselling? Why eBay? Why Not Amazon?

avatar
Boxing Image Image Created In Canva

Why Reselling?

I have said this before and will probably say it again. In my experience reselling is the fastest way to get that ROI. In some cases less than 24 hours. I have had a quick return on my investment from different online products but those have been far and few in between.

Reselling has always been consistent

I will use eBay as an example. Advertising, Merchant Accounts, Webspace, Hosting, Servers, Customer Acquisition. These are all eBay's problems, not ours as the seller all we need to worry about is buying and posting the products. The cost of entry is nothing.

The greatest thing about reselling is most people can get started just by going through their homes in search of items that are still working, but you no longer want. These items can almost be anything with a few exceptions like firearms, alcoholic beverages, pornography, etc...

Do not look at the other sellers because on every platform there will always be people abusing and using the platform in ways against the platform's intentions. They are not business builders, but something else.

Boxing Image Image Created In Canva

Why eBay? Why Not Amazon?

First eBay is so much easier to use, and get sales. eBay is all about the seller. eBay showcases the seller and their wares. Amazon's primary focus is on the product. Amazon does not really want used products on their site with the exception of media like books, and movies.

I have sold on both platforms. Amazon is so confusing. As a reseller, we are careful to take quality photos and write a good description. With Amazon that is not on the front page unless you win the "buy box".

With eBay when the buyer clicks on the product bam, the buyer sees the one product and the one seller selling that product. If the buyer does not like what they read they move on to the next listing in their search results.

FBA Fulfilled by Amazon is Expensive

Yes, we need to spend money to make money. As a small business owner liquid capital is very important to me. Hive Power is not liquid capital. I do not even consider my Hive and Hive Engine Tokens as liquid currency. The reason is I want to build it as big as possible before I start taking income.

When I sell something on eBay the most I am looking at giving them even if I buy eBays advertising system, 20% is the most commission I have ever paid to eBay.

Amazon FBA can take as much as 60% of your sales. That is not a sales commission but a business partner. I know there are people out there doing very well with Amazon FBA because if they are making $1,000,000 in sales annually and pay 60% to amazon FBA, they are still walking away with $400,000 before taxes, and some people are okay with that.

For Those That Are Under a Mil Annually

untitled.gif

We might have a different perspective. I originally chose eBay because I literally started with the stuff in my house. I even had some old MLM products that sold on eBay. It was ironic that the products were supposed to be my financial freedom and ended up selling them on eBay for a loss but at the same time, I did get some money for them that I was able to invest in more items to sell.

Getting started on eBay was not only simple but I was able to continue the trend by going to garage sales, estate sales, and thrift stores.

Currently reselling pays for everything, with a little leftover to invest in Hive Engine and ListNerds. BTW if you have not joined ListNerds yet just click the banner below, Join, and I will set you up with a little something to get you started.

ListNerds Banner Click to Join ListNerds

Thank you so very much.

untitled.gif



0
0
0.000
9 comments
avatar

That makes a lot of sense, Chris. And yes, while I like Amazon. they do seem to raise their fees and there are certain categories in which you can't sell unless you get "ungated". I don't remember if Ebay does that or if you can sell in whatever category you want as long as what you're selling is not illegal or a copyright infringement. I am still leaning toward dropshipping because I don't want to be bothered with packing, shipping, and taking pictures. I am not keen to drive around to thrift shops either. But that is just me. Overall reselling is a really good and low risk business model though. Impossible to disagree with that.

0
0
0.000
avatar

" low risk business model " this statement I would love to agree with and it certainly applies to me. With Dropshipping there is usually not enough markup to make it sustainable, and new resellers often make this mistake, they will spend $40 a month for that Amazon Pro account, and usually the dropship supplier normally also charges a monthly fee. They will load up their store with products they think they know about but really they are just mildly familiar and boom they are spending money monthly and making little to no return.
The other side I have known people that have spent as much as $2500 and filled their home with used and new products that they think will sell but are not really knowledgeable about their product niches.
For those that are just clearing out the excess in their homes yup no risk at all for them. My point is when selling products on Amazon eBay or the like it is better to be as knowledgable as possible 👍

0
0
0.000
avatar

I am pretty risk cautious, @mba2020. Been burned too many times and I have a difficult time taking things on faith. No matter how many examples or testimonials I see I am still skeptical. Have a great rest of your weekend! 😀

0
0
0.000
avatar

I definitely preferred eBay over Amazon for my own sales but it was mostly used stuff or things I made myself. Their standard fees at 14.5 can be a bit costly but yeah when you put it into perspective with Amazon, it’s not bad at all. I sold all my old mining gear on eBay and made 10x my money. I happened to have scrypt asic miners for sale during the DOGE explosion so I sold them for like 1200 each when I paid like 120, and mined the money back anyway, lol,

I want to build an auction type thing on the Hivelist store, that was the goal in the first place but problem is, not many people use it, so I am trying to think of ways to help drive more traffic to not only the Hivelist store, but also to Hive itself.

We have an affiliate program as well. But I don’t charge enough on fees I don’t think to warrant paying enough for commissions. Might need to look into changing that. I would love to know, as a reseller, what are some things we could do to help drive more attention to the hivelist store?

Guess I need to get on some Listnerds huh, lol.

0
0
0.000
avatar

That all being said, I am also digging into the Amazon KDP stuff pretty hard. About to launch a few different log style books for crypto and then expand into some other hot niches.

0
0
0.000
avatar

Yes ListNerds will help with driving traffic to Hivelist store, but as much as I love ListNerds and singing the praises, everyone in Listnerds is Hive members are already Hive members so it will not help with that.
I need to ask with HiveList Store are other sellers able to sell on it like eBay? or Is it just HiveLiust Merch? I only ask because there is a two-pronged approach if it is set up to accept outside sellers.
You just need people on Hive to buy 1 or 2 items from HiveList store and write articles about their experience. When my eBay sales start to get low, I will post how to eBay on FB and Twitter, and that helped. If I have too much of 1 niche like Classic Comic Books they tend to build up in inventory quickly, I have ran some FB ads to give sales a boost, and I only spent $20 weekly and only ran for 4 weeks, and received roughly an $800 increase in comic book sales during those 4 weeks, it was roughly a 10X return on my advertising spending, it is effective but one needs to be cautious with spending as they do try to drive that advertising upsell hard, it is kind of like a honey trap.

0
0
0.000
avatar

The short answer is yes... You can sell what ever product you want to sell really as long as you are handling the shipping and handling...We don't have a physical warehouse fulfillment situation... yet... I offer the print on demand stuff to make it easy for people with logos and designs and such, but if you have items you are selling, you can use the external products and such. We use Printful for this integration which works well and ships and manufactures world wide.

But yes, you can sell items from other stores like an ebay store, just as long as you are keeping up with your inventory and such. That was the whole intention behind it in the first place, haha.

Come hit me up in the discord and we can talk more about it.

The other way is making a post on the classifieds and just linking your ebay store.

https://discord.gg/9sbymVQjRb

0
0
0.000