Doing Business on eBay: Managing Your Stock & Warehousing

Doing business on eBay: managing your stock & warehousing - if you have settled the financing part of the venture, next on the list is warehousing. Here is where the basement of your house or the garage comes into play. This will save you a lot of money and trips to a rented building or space.

Those who don't have room in their basement or garage should opt for rental storage units as they are the most convenient in terms of pricing. You will surely begin with a small inventory and work your way up after successfully completing a number of transactions and gaining precious experience from them.

There is only one "best" measure to build up or replenish your stock, and that is buying in bulk from a wholesaler. Your selling prowess is directly proportional with the relationship you have with your supplier. Sometimes you must act like a hyena and do some shopping yourself, looking for bargains that can be re-sold at a higher price. This usually happens when you have extensive knowledge in a particular niche, which grants you a better understanding of pricing and opportunity.

Another straightforward way of accumulating stock is striking agreements with wholesalers so that you will know for sure you won't have to worry about replenishing it. Sellers usually don't share this kind of information with the competition, except for the case in which they are granted exclusive access to products that only they can sell.