Resources:
The
Wholesaler: http://tinyurl.com/32kxumt
Star Perfumes: http://www.starperfumes.com/
HB Supplies: http://www.hbsupplies.co.uk/
Knights Fragrances: http://www.knights-fragrances.co.uk/
Work
From Home?
Yes, it is easy to operate this business from
home, as you only need to hold a small amount
of stock to begin with.
Worked
Example:
A wholesaler has a minimum spent of £200,
for this example a perfume or branded cosmetic
product would be around £10, so buy 5
units each of 4 popular brands, totalling £200
spent. This will allow you to advertise 4 completely
different products on eBay, each will be getting
searched for by different types of people wanting
different products, thus making it 4 times more
likely you will sell a product. Advertise your
items for sale with at least a 30-50% mark up,
ie £13-£15. Taking into consideration
eBay and Paypal fees once an item sells, you
will still be in profit to the tune of at least
£2-£3. Once you have sold a few
and developed some feedback and understanding
of how everything works, start to look for the
brands that sell for a higher price and give
you a better profit margin on what you buy them
for. Gift sets are always popular around key
season times, so be sure to capitalise on them.
Re-invest the initial profit back into buying
more popular stock, start holding more brands
and diversify into new areas. Ultimately the
more brand you offer, then higher the volumes
of sales you will enjoy at £2-£3
profit each time, which will very quickly start
to add up to a very healthy income.
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