Obviously, you don’t want to sell JUNK. It is essential to find high-quality and reasonable price products that will SELL QUICKLY.
What you sell and buy matters!
Our experts have decades of experience sourcing items and finding products to sell. We aim to help sellers with eBay product sourcing. The RIGHT PRODUCTS increase the sales and revenue for a LONG-TERM.
In this post, we will explain everything about the sourcing of products for eBay.
Let’s dig into it!
What is the Importance of Properly Sourcing Products for eBay?
Are you really excited to start your eBay business?
Don’t forget that excitement and jumping straight into it can cause difficulties. Do the proper RESEARCH about the best product fit.
Strategic sourcing and product research helps to increase revenue, beat the competition, and optimize operations in the right direction.
Look into the importance of proper Sourcing of Products:
1. Increasing the profit
Make the Business decision, not the emotional one.
The demand for Products does not guarantee sales and profit.
You should always do the proper product research rather than overstocking the warehouse.
High shipping costs and low margins lead to EMPTY BANK ACCOUNTS. But highlights of PRODUCT RESEARCH increase sales and generate revenue.
2. Manage the competition among eBay sellers
Proper product sourcing is also vital for understanding the COMPETITION for the items you want to sell.
Low or High Competition creates a gap in the market.
Low competition indicates difficulties in eBay’s selling of products in the market. At the same time, the high competition indicates massive demand for products.
The latter one can be good or not because it is challenging to target the right audience or market.
Manage the competition after researching and giving the potential buyers some extra PERKS.
Offer free shipping where possible
Excellent customer services
Lower the prices of the products by fewer pennies
Doing Early Research is essential for optimizing eCommerce operations.
Always consider the following things:
How easy is the product sourcing?
How much storage space do you require?
How easy is it to package the products?
What will be the shipping fee to ship the products to customers?
Before DIVING IN, you take a look and test the water. Am I Right?
Like that, take a glance at the product sourcing before DIVE.
Looking for the Best China Sourcing Agent?
Leeline Sourcing helps you find factories, get competitive prices, follow up production, ensure quality and deliver products to the door.
What are Some of the Best-Selling Products on eBay?
Excited to know about Best-Selling products on eBay? Here are some of the top-selling products in different categories.
Watches and Jewelry
Do you know what the significant ADVANTAGE of this hot-selling category is? The items are LIGHTWEIGHT and SMALL.
Sellers save a lot of amounts when it comes to shipping.
Do not sell COUNTERFEIT Products on eBay as it is against the policies.
So far in 2022, the best-selling items under this product category are:
Fine earrings
Men’s and women’s watches
Engagement rings
Home and Garden
Home Improvement products are always in demand. What’s the reason?
The Real Estate Industry is sharing the decor trends, and eBay is witnessing robust growth and demand for products worldwide.
Most-Popular Items are:
Vacuum Cleaner
Light bulbs or small appliances
Lawn seeds and Mowers
Power tool or Air tool accessories
Collectibles
Collectibles of different brands, such as Disney, are always in high demand on eBay.
Toys give high-profitable margins. The reason is that sellers also sell the parts and pieces of different toys.
Inventory is abundant and cheap.
According to reports, the toys and games market was valued at $305.57 billion in 2021.
What are products under the collectibles category?
Traditional games and boards
RC Model kits and vehicles
Contemporary puzzles
Building toys for kids
Sporting Products
Becoming physically fit and healthy is the dream and aim of every person.
Due to the COVID-19 Pandemic, people prefer Home-based workouts. That’s the reason fitness and health products are always in demand.
HOT-SELLING Items are:
Fitness gear and equipment
Strength training
Tourism and camping products
Bicycle parts and components
Crafts
Staying free at home during COVID-19 made people more creative.
Most people seek out DIY (DO IT YOURSELF) crafts in their free time.
Noticing the increase in the interest of consumers in DIY Art and Crafts, sellers prefer to sell in this category for CONSIDERABLE sales and profit.
TOP-SELLING PRODUCTS are:
Finishes and embellishments
Jewelry Making
Wires and cords
Fabrics and panting supplies
Cross stitch supplies
Video Games
Most millennials spend their free time playing games.
That’s the reason Video Games are in high demand on eBay.
The CHART-TOPPING items in category are:
Attachments and controllers
Prepaid gaming cards
Video games
Computers, Networking, or Tablets
In this Digital Era, Selling tablets, computers, and networking is always in high demand because people from different corners of the WORLD are constantly looking for the latest gadgets and devices.
The HOT-SELLING products in the category are:
Printers and printer ink
Webcams and readers
Toner and Paper
Gadget accessories and cases & covers
Pet Supplies
Now, the time is for pets.
As per the research of CommonThread, the demand for pet supplies products is increasing daily.
The Online Pet Industry is BLOOMING.
Several store owners sell pet products on eBay and are earning a CONSIDERABLE PROFIT.
The CHART-BUSTER items are:
Training and Obedience
Poultry products and beds
Pet Grooming kits
Sell on eBay in any of these categories for more customers, sales, and PROFIT.
There is competition from other ebay sellers, but in the end, you will REAP BENEFITS of popularity with eBay sellers with proper product sourcing and research.
Do not STUMP what to sell. Start selling in the above categories RIGHT NOW.
How do I Source Products for eBay?
The Answer is SIMPLE!
Do the proper product research and find out what your Business FUTURE will look like with that product.
Steps to Source Inventory for eBay
Looking for Product Sourcing options? There are 5 main options.
Wholesale Supplier: Buy stock directly from the manufacturer at the resale price.
Drop shipping: Listing of products of third-party suppliers.
White label: Buying products from different manufacturers. But selling them with your brand labels.
Retail Arbitrage: Buying items from other sellers and reselling them at a profit of your choice.
Self-produced: Making your products to sell. (Handcrafts or Upcycled products)
Using the eBay product research tool assists you in knowing the current product demands.
3. Predicting Future Demand
Isn’t it exciting to analyze the future of your ecommerce business?
Using Google Trends and Terapeak tools, you can identify seasonal demands, flash in plans, and pricing trends.
4. Analyzing the Competition
Undertake the eBay marketplace competitor research using the Terapeak (Store Inventory Research Tool).
With the help of the tool, identity:
Amount of competition on eBay
Pricing and shipping of competitors’ products
Targeted keywords
The market dominance of the top 10 sellers
5. Identify Suppliers
Are you searching for potential suppliers?
Ask:
What is the pricing of products?
Are there any additional costs like SHIPPING?
Do you have minimum or maximum order levels?
Do you have the minimum or maximum contract length?
What’s your onboarding process?
