Buying and Selling in Bulk
You can sell in bulk on eBay in “Wholesale lots.†There are a couple requirements: Good strong back muscles and a storage room on the same floor you live so you don’t have haul the boxes up and down fifty million times.
Okay, I digress.
I buy books in bulk.
Let’s say you take one book up to someone who is having a garage sale. The price is $1. Well, that’s a pretty good price. But let’s say there are 100 books at that garage sale. Instead of buying one book, you put all of them into a box, and offer them $25 dollars for the box. They accept, and you’ve paid 25 cents for that book instead of $1. Now, you’re probably saying, “Why would I buy 100 books and pay $25 and throw away 99 books just to keep one book for 25 cents?” You wouldn’t, of course. This is only if you want the other 99 books. Obviously, it would be cheaper to buy one book for $1, than to pay $30 and throw away $29.75 and 99 books. But wait! Sometimes you don’t have to throw them away. Let’s say you wanted only one book in a group of 100. You buy the whole group for $30 and turn around and sell 99 books on eBay for a profit. How much of a profit? Well, it depends on the books and the buyers on eBay at the time you list the books.
Let’s say you like reading thrillers, so you buy them in bulk hundreds at a time.
For example: You buy 100 books for $30. You take out 10 books and sell 90 on eBay for about $35, now the extra $5 dollars is what you’ll pay eBay in commissions, so you basically break even on the books, except that your able to keep of 10 of them for free.
To me, that’s a pretty good profit. Being able to pay for books you want to read for pleasure. Of course that’s not always the “profit” of buying in bulk. Sometimes you can sell the books individually and make enough profit on one book to cover the entire purchase, then you can either sell the rest separately or in bulk on eBay for a profit.
Good Tip: If you’re going to sell the books in bulk, it’s a good idea to fit them into a box before listing them rather than waiting for them to sell and trying to find a box they will fit in once they sell. This will save you a lot of time and aggravation!
As I said above, selling in bulk requires a lot of heavy lifting and good organization.
Good tip: For two years the books I kept in my basement were totally disorganized. Kids books were mixed with hardcover thrillers; nonfiction books were mixed with romances and so on. Every time I wanted to sell one author, or one group of books I had to go through all of the boxes. Don’t let this happen to you! Keep groups of mysteries, romances, nonfiction, and kids books all separate from each other, that way, if you need an author or a group, you know exactly where to find them.
Good tip: Keep the books on shelves. Don’t keep them in boxes. By keeping them on shelves you will be able to see them and to find the book you want without digging through the boxes every time you want one book. And keeping the books on the shelves keeps them in better condition!
Of course,these tips don’t apply to only books, you can sell: clothing, accessories, electronics, CDs, or antiques in bulk.
Posted: March 5th, 2007 under Tips.
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