Where To Sell:

eBay is the best place for making this business work profitably. There is hot competition because many people ‘in the know’ are aware that there is good income to be made selling branded cosmetics this way – undercutting the highstreet retailers but still selling genuine products just a good deal cheaper. Do your research on what’s popular right now, what cosmetics are always on TV, check out on other sellers auction pages for the products you’re interested in just how many are selling (all Buy it Now’s have an ‘amount sold’ in blue on the right-hand side of their pages. Those that have sold in good numbers make a note of – these are the ones that should sell well for you too.) Create a stylish-looking auction by using one of ebays many templates, or try a free template software programme, just google ‘free ebay auction templates’.

How Much Can I Make? You will typically make between £3-£4 per product sold, the margins are low but because you are selling top end branded cosmetics you will find there is a ready-made market and sales should come in quickly if your price is right as people are already searching for these products on ebay. By entering this market you are simply dropping your fishing line into a pool already full of hungry fish looking for bait. How tasty you make the bait is up to you (price, stylish auction, good information, strong feedback, etc all make you more appealing). Selling just 9 or 10 products are day at an average of £3-£4 profit will generate you £30-£40 per day which is in excess of £1000 per month. This business is also very scalable – by increasing the number of brands you offer this will increase your exposure on eBay and allow you to sell more. Done right, you should easily be able to sell 25-50 units per day without too much hard work, and once you do get to that figure you start to make sensible money that has the potential to let you do it full-time and scale the operation furthermore still. This business is time-intensive being low margin/high volume, ie you sell lots of product at a lower profit margin, which adds up to a healthy monthly income, rather than selling one or two products per month at a high value, but it is far easier to generate an income this way selling lower priced goods because most people at the moment are after a bargain. Click NEXT for the best cosmetics wholesalers to source your stock from in the United Kingdom and useful resources for this business type.

<  LAST    -   START    -   NEXT  >