In my previous lesson I showed you how to find items available on Amazon that you can list on eBay for a profit. In this lesson I’ll show you an easy method to identify 1000’s of profitable items without having to spend hours (or in the case of 1000’s – days) doing so.
Expanding on lesson 3, we can easily use other people’s work to find many items that are potentially profitable. To do this, you check what other people have sold on eBay.
Using the same Lego example you read about in lesson 3, I’ll perform the same search:
IT’s been a few days since I wrote lesson 3, so the search results are slightly different:
You may notice there’s been an increase in sold prices. With one Lego box selling for £81.83! The list price on (at the time of writing this) Amazon is sill £46.97. This means the profit has also increased.
How I mine for arbitrage opportunities in eBay.
I’m now at the stage to mine for profit. To do this, I pick a sold listing where the description closely matches that of the Amazon title listing. The reason I look for a close title match is that I find this is an easy way to identify other arbitrage sellers.
Another thing to check for is the product picture used on eBay. It’s common for the same Amazon picture to be used on the eBay listing.
After clicking on a sold listing, I’ll see the details of the eBay auction listing. All I’m interested is in identifying the seller eBay ID.
The seller ID is found under ‘Seller Information’.
Ideally I’m looking for a seller with a high feedback rating, as I find this a good indicator that this is a successful arbitrageur. This seller has feedback count of 8,516 and a 99.3% positive feedback rating. This is an interesting person to mine.
I make a note of the eBay user ID, in this case “*superior_solutions*”.
With this ID, I go back to the eBay advanced search page. Select Find items be seller. Enter the seller’s eBay user ID; tick show completed listings and finally click the search button.
I can now check what this user has sold in the recent past, and use this information to find profitable items to sell.
I now check these items on Amazon. To do this, I open Amazon up, enter the same title that was used on the eBay listing and check the Amazon search results.
I’m now looking for items that have a lower Amazon sale price (i.e. The Amazon price is lower than the price the item sold for on eBay). When I find one, I calculate the eBay and Paypal charges (see lesson 3 for more details on how to do this) and see if I could make a profit listing the item.
This process can take a couple of minutes for each item. I soon found I was spending quite a bit of time checking each item, so I created my own application to speed this all up.
I can now quickly and easily find profitable arbitrage opportunities and see how much profit I’ll make after eBay and Paypal charges. My software will also determine the ASIN number, this is very useful for tracking and monitoring price changes.
What I now do is enter the eBay Seller ID and my software does the rest for me! This saves me a few hours work each time I do it.
If you have a quick look at the output shown above, the last two columns are of most interest, being profit and profit percentage.
Notice that some are showing a loss, this may be due to a price adjustment at Amazon. This is something you’ll need to watch out for when you come to list your own items on eBay. I’ll discuss this in more detail in a later lesson.
When I’m searching, I just ignore these unprofitable items and concentrate on profitable ones.
Below is a list of the most profitable items this seller has recently sold.
I’ve exported the data and performed some simple analysis on it to identify the most profitable items.
Check the figures and you’ll notice some healthy percentage profits! Just these 9 items netted the seller a net profit of £70.31
You can see this is a method that actually works, and one you can verify by checking it out for yourself; just follow the example I’ve shown you in this and my previous lesson.
If you’re interested in using my software, you can download it here for free.