I hope that you all are having a fantastic week of sourcing and reselling. I am just getting back into the swing of things after returning from a much needed vacation. As I looked over my sales for the past two weeks, I noticed that a lot of products that I had every intention of selling on eBay some how made their way over to my Amazon FBA inventory. One of those products happened to be a set of Meaningful Beauty products that I picked up for $2 a set from an estate sale a month or two ago.
You are doing yourself a disservice if you are not keeping an eye out for beauty products at thrift stores, flea markets, estate sales, or yard sales — especially overpriced ones like Meaningful Beauty. I picked up two of these kits from an estate sale after researching the product name on my Terapeak app. I didn’t know much about this line, but I saw sealed beauty products in a tote bag and after looking at the sold listings on eBay, I did a little happy dance in the middle of a crowded room as I scooped them up and placed them in my bag.
Unfortunately, I did not have a good experience selling these items on eBay. I sold the kit pictured above (a 30-day kit) for a little over $50 via auction and after beating myself up for that, I decided to pull my listing for the 90-day kit from eBay and send it into Amazon FBA. To be quite honest, I sometimes feel as though having an eBay store does more harm than good for my sales. Call me crazy, but I believe that many of my listings are suppressed and I have to compete on price (e.g. run a sale) to even get noticed. Yes, I know that eBay states that listings from store owner’s are shown last, but I follow eBay’s rules regarding adding condition descriptions, maxing out photos, detailed, yet brief descriptions, mobile friendly html in listings, great customer service, etc and I believe that should at least count for something.
…but I digress…
Anyways, I am now a firm advocate in checking prices on both eBay and Amazon before deciding on what platform to sell an item. To my surprise, I stood to profit more by selling the items individually on Amazon rather than as a set on eBay.
I intended to sell the 90-day set for a little over $100 on eBay. I had no takers after re-listing the set twice (via auction and fixed price). After breaking the kit apart and sending in the items individually to Amazon FBA, I sold three items for $100+ soon after they were checked into Amazon’s warehouse. There were 7 products in that particular set and my gross profit once they all sell will be over $180.
Here’s one product that sold within minutes:
This is a prime example of when it pays to do your homework if you sell on eBay and Amazon FBA (or merchant fulfillment).
A Little Tidbit About Sourcing Online for Inventory
While it may be a little hard to find more Meaningful Beauty products at the price that I paid, it is not impossible to source those products again online. Thrifted products don’t have to be one- time sales. In fact, if you are not sourcing some of your best sales online, you are probably leaving a lot of money on the table.
I challenge you to take some time and go over your past thrift store/yard sale/flea market finds that made you a lot of money. Can you source those products again online? Have you tried? Why not start with eBay? There are many products that I have sold that are largely undervalued on eBay that I can buy (and have bought) to resell on Amazon.
…you have nothing to lose!
…and just in case it hasn’t registered yet…you really should check eBay to see if you can find any Meaningful Beauty products to flip. 🙂