Selling DVDs on eBay can be a lucrative venture if approached strategically. While competition exists, understanding the market and employing smart sourcing techniques are key to success. Forget outdated wholesaler lists; focus on methods that yield higher profit margins.
Many aspiring eBay sellers consider purchasing wholesale lists, often found on eBay itself. However, these lists frequently contain obsolete information, particularly for UK sellers, with irrelevant US-based wholesalers. Instead of wasting money on these, explore alternative methods.
While legitimate wholesale outlets catering to sole traders exist, their prices often mirror those of larger online retailers. To succeed, remember two crucial factors:
1. eBay buyers seek bargains but often overestimate eBay’s bargain availability.
2. Focus on DVDs with higher Recommended Retail Prices (RRP) for greater profit potential.
New eBay sellers often face slim profit margins, aiming to compensate with volume – selling hundreds of DVDs monthly for a modest profit per unit. However, many sales result in minimal or even negative profit due to eBay and PayPal fees. eBay’s ‘Watch this item’ feature, while beneficial for buyers, can lead to last-minute bidding wars and reduced final prices.
The solution? Avoid mainstream Region 2 blockbusters with intense competition. Instead, specialize in box sets, limited editions, deleted DVDs, or imported DVDs. These items command higher prices due to their perceived value or rarity.
Here are some effective sourcing strategies:
1. Price Comparison Sites:
Utilize online price comparison websites to identify the best DVD deals. Many sites offer lists of discounted items from major retailers, sorted by percentage or value. Some allow you to set target prices and receive email alerts when a DVD reaches your desired price, saving time and effort.
2. Community Forums:
Bargain hunter forums are invaluable resources. These communities, populated by enthusiasts, share the latest deals, including “mis-prices” where retailers accidentally list high-value DVDs at drastically reduced prices. Classified sections within these forums often feature individuals selling DVDs.
3. Second Hand Marketplaces:
Explore second-hand marketplaces. While avoiding new blockbusters is generally advised, forums often have classified sections where individuals sell recently watched DVDs at discounted prices. These sections can unveil eBay rarities and limited editions at attractive prices, especially if the seller undervalues the item.
4. Ex-Rental DVDs:
Acquire ex-rental DVDs, sometimes released before the retail version. Purchase these affordably from local DVD shops and list them on eBay as “RARE” or “Not available in stores” (ensure you disclose their ex-rental status).