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Remember, the
essential concept of the program "Buy Low when Supply is
High and Sell High when Supply is Low."
Also remember that to make a profit, any expense you incur in
selling your inventory must be recouped in the sale.
Top Ten Rules for Selling Hot Toys:
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Offer
Your Toys for Sale to a Large Customer Base
Sell your
toys on the busiest auction sites online--eBay.com, Amazon
Auctions, and Yahoo Auctions
-
Set
Your Selling Price to Cover Your Expenses
You must carefully estimate the cost of selling the toy
because these fees must be recouped when you sell the toy so
that you make a profit. You must also know the cost and
expenses of purchasing the toy, such as shipping costs and sales
tax, so that you may recoup these fees. Auction sites such
as eBay charge auction listing fees and final value price
fees. In addition, PayPal charges credit card service fees
for accounts that accept credit card payments. Finally,
you must pay shipping costs to get the toy to the
purchaser. Note that the shipping costs usually are added
to the cost of the toy in the auction.
-
Ship
Your Toys with Insurance and Tracking
Ship all
items via FedEx or UPS Ground--these carriers provide online
label generation, package tracking, and insurance is included
-
Set a
Shipping Cost to Cover the Furthest Destination
Determine
the furthest location that you might ship to and set the
shipping price to that amount. In addition, set a fixed
shipping cost in the auction so that the purchaser may pay right
away without having to ask you for the shipping charges.
-
Sell
Your Toys When the Market Supply is Low
Wait
until the stores begin to sell out before listing your toys for
sale; Amazon.com usually sells out first.
-
Save and
reuse the boxes and packing material that came with your
shipments
Your selling expenses will include packaging of the products for
shipment. Save the boxes and packing materials that the
toy merchant shipped to you so that you may reuse them when
shipping your toys to the purchasers. Remove the label and
re-label them with your shipping labels. You will have to
buy packing tape.
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