It’s funny how some opportunities occur… I have been looking at making more money on eBay but when I think about it I talk myself out of the idea because even though lucrative its hard work.
I have been working with one supplier of goods I sell on eBay for a couple of years now and it’s been hassle free and cast iron reliable, quick delivery’s, good service, cheap and so on; but for the first time just the other day they were low on stock and could not get all my stock to me. It has put me out and as they say “loyalty don’t pay the bills” I decided to see if I could source some of the components I needed. I managed to do it easily, and by doing so added about £150 extra profit a week to my account because I found them so much cheaper; and for absolutely no extra work on my part as all I had to do is simply place an order. What’s more this new supplier sells other goods that I need and over the next couple of weeks I’ll add around another £200 to my weekly profits. Amazing… And all that came from my supplier being out of stock.
It makes me wonder why I never thought of doing it earlier. Complacency I suppose, everything’s running smooth so if it aint broke don’t fix it type of attitude. But how many other people do the same thing day in day out me wonders? Because it was by total chance that I eventually realized I was doing it. Just proves that you don’t always have to find more stock to sell to make more money. Simple changes to already profitable niches can make a big difference to your profits. It’s like the Chinese gooseberry, no one bought into them at all when they first ever hit the market even though they were delicious and healthy; but once they reached New Zealand and adopted the name to Kiwi fruit… the rest is history.