How to Buy Electronics Cheap to Sell on eBay
When reselling used electronics, you don't make your profit when you sell; your profit is determined when you buy. The key is to purchase low-priced, reliable equipment that you will be able to sell with confidence. Knowledge, experience and the ability to negotiate prices will go a long way toward making you a professional small electronics online dealer on eBay.
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Instructions
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Buying Electronics
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Research types of electronics that hold a particular interest to you. This can become your area of expertise--you are more likely to learn and retain information about a subject that interests you.
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Visit garage sales and thrift stores. Determine when thrift stores typically put out their new electronics, so you can be one of the first people to see new items. Some stores price on Fridays, for example, and put out new electronics for sale on Saturday morning. Ask the sales clerks for these details.
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Test any item that interests you. Bring a record, CD, DVD, or tape to test the item. if necessary. Don't be afraid to plug a DVD player into one of the store's TVs to ensure that it works.
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Research the item on your cellphone to determine if you will be able to sell it for a profit. Determine if it sells on eBay by checking the "completed listings" search option available to eBay members only. Do not buy the item if you will be making a profit of only a few dollars.
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List the item for sale on eBay as "tested and guaranteed to work on arrival." You should never offer buyers a long-term guarantee, as these are used products which could break for other reasons, but offering an arrival guarantee will help you get more bids.
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Tips & Warnings
Be sure and check for cosmetic condition. If the item looks bad in an online picture, it probably won't sell well, even if the item is technically in good condition.
Yard sales and garage sales are your best chance to find under-priced items. Thrift stores are trained to recognize quality items, and you'll almost never find something good at a pawn shop or antique store.
If you cannot test the function of an electronic item, do not assume that it works. Sell it as "untested" or you open yourself to buyer backlash.
References
- Photo Credit black record player graphic image by catherine rogers from Fotolia.com
