Somewhere in the world at this very moment, there are Ebay Resellers scouting items to flip them for resale.
They are working Garage Sales, Flea Markets, Thrift Stores, and Estate Auctions looking for investments that will yield solid returns.
Among them will be other savvy Resellers that are quick to snatch up great finds that also have their smartphones in hand.
In that small window of time, you as the reseller have to examine each item within reach that you think will sell and prove it’s worth. You open up the ebay app and research:
- It’s Most Recently Sold Price
- It’s Estimated Average Price
- How fast the item sells
- Where the Customer Demand Market is Trending on that item (up or down in general price)
- Potential Profit Margin after Ebay Fees & Shipping (noting weight).
Doing this much work for every item can be stressful and draining. Other resellers in your midst are snatching up better flips because you were too busy with your arithmetic to notice those bargains.
As a Reseller, Your Profit isn’t made on the sale of an item, but it’s actually made when you buy them.
In the limited window of time that you have to source good inventory, if you are not doing the right math to verify each purchase, you’re simply gambling your cash based on your past experiences.
Doing the math on every item takes a very long time, but skipping this step in an effort to save you time is one of the main reasons that you have shoddy sales and slow moving inventory.
Have you ever purchased something because you recall it being a great flip, only to do the math later and wonder why on earth you ever bought the blasted thing?
The market is constantly changing because of influencing factors such as Weather, Season, Demand, Supply and things that we have no control over. If you have not sold that item in the past week or so, you need to check it’s current profit position before buying, because those profit margins from your recent memory are no longer valid now.
So how exactly do you find good flips with high profits and fast turnover without spending a ton of time on research?
Swank is smartphone app that balances ebay profit margins and easy to understand listing information.
Swank is vital gear that can calculate many of the common reselling factors that determine great flips. Each item is graded by the app on a scale of 0-100.
Instead of doing the math yourself, just type in what you want to buy and Swank will quickly rank the item showing:
- A Swank Score (From 0-100)
- Average Price
- Turnover Rate (An estimate of how much time it takes to sell this item on average)
- Simple Sold Listing Data.
Swank not only frees up your time spent sourcing, but also can change how you buy. Now that your potential flips can be Swank Ranked, you can increase your sales by just choosing higher ranking items to look for.