Saturday, May 19, 2012

Turning something into a consumable

July 23, 2009 by  
Filed under Feature, My New Journey

When I wrote my last article about selling consumable items on eBay (or selling in other places), I told you at the end of the article that I was going to tell you how to turn a non-consumable item into a consumable item!  Just to refresh your memory, my goal is to sell stuff that people will keep coming back to buy more and more of, not just make a one time purchase!  I mean, getting a customer to make a purchase is hard to do, and once you get them to buy from you, it should be easier to get them to keep buying if you have an item that they need over and over again.

While writing that last article, though, something was bothering me in the back of my mind.  Before I finished writing that article, it hit me.  I have several products in mind that I will be selling on eBay, and on eBay.ph.   However, one of my main items that I have plans to sell is not a consumable!

Selling Jewelry on eBay

Selling Jewelry on eBay

Well, that’s OK, I don’t have to limit my sales to consumable items only, but since I was writing about consumables, I felt kind of funny that one of my top items that I will sell was not a consumable.  But, as I thought about it, I decided that one of the things that I intend to do actually makes the product a consumable!

You see, the item I am talking about is jewelry.  In the Philippines, there is a huge quantity of high quality, high fashion jewelry items available at a very low price.  So, I have plans to sell much of this stuff on eBay to customers in the USA.  Now, jewelry is not a consumable, right?  Wrong!  The way I am planning to sell it, it is indeed a consumable.

Did you know that on eBay, they have a special category where you can sell “Wholesale Lots” of merchandise?  When you do that, generally, other eBay sellers will buy the product from you, and they will sell it at retail prices to their eBay customers!  So, let’s say that I sold a lot of 500 pieces of jewelry as a wholesale lot, and an eBay seller buys it, then splits it up into 500 different auctions.  Well, when that merchandise is gone, he will need to come back and buy more!  So, indeed, the jewelry, in this case has just become a consumable!

The whole key here is to sell stuff that people will need to buy from you over and over again.  If they need to come back to you when supply is gone, then indeed, the item is a consumable!

Happy selling, and have an enjoyable and profitable business!

Comments

4 Responses to “Turning something into a consumable”
  1. Henry says:

    Hi Bob – I see what you mean by turning a non-consumable into a consumable. I’m familiar with the eBay category of Wholesale Lots, but never investigated as another sales outlet. With that in mind, I will revisit that category to see what’s selling. With the numerous suppliers I have access to, this should be realitively simple. I used a research tool to uncover what’s selling in eBay’s Wholesale Lots. You’re right, I found some product items I would not have considered to sell in lots. Looks like I have some homework to do this weekend.

  2. MindanaoBob says:

    Hi Henry – Good luck on the consumables! I hope you become the “consumables king”!

  3. Lloyd says:

    Yes, a great marketing ploy used by many companies. A few that come to mind: Glucose meter for diabetics – give the reader away for free, and make a fortune on the test strips.
    Water filter – sell the unit for a small price, and get the consumer buyer the replacement filter cartridge for life.
    And the one I hate the most is computer printers. Buy the printer for a very small price, but one replacement ink cartridge will cost you more than you paid for the entire printer.
    Yes Bob, the money is in consumables.

  4. MindanaoBob says:

    Hi Lloyd – Absolutely! I think the king of this strategy is Gillette. Practically give away a nice razor, but make big money on the razor blades! That’s where the money is!

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