Keep an eye out for Coconut M&Ms at grocery stores, drug stores, Target, Walmart, Big Lots, or anywhere else that sells food. This is a limited edition item that comes around every year. These coconut M&Ms aren't available year round - which means you can sell them for a premium if you are savvy enough to purchase them when they are available and hold them until the supply decreases. Remember, making money selling consumer goods is all about scarcity. The more scarce an item is, the more someone will pay for it.
If you can't believe that you can make money selling food and groceries on eBay and Amazon, think again. An 11 ounce bag of coconut M&Ms sells at about $3 retail Check out this sale on eBay:
A lot of 4 bags sold for $41.95 on June 2. The math:
Item cost: $12
Shipping: $5.35 (padded flat rate envelope)
eBay / Paypal fees: $5.45 ($41.95 x 13%)
Profit: $19.15
Not bad for an item you could pick up while grocery shopping. If you really want to take your at-home ecommerce business to the next level, consider selling groceries on Amazon in addition to on eBay. There are several advantages to selling groceries online:
1. Regional foods. You may have access to something that others don't. And you can sell that special something for a premium.
2. Groceries are consumable - buyers use them up (i.e., eat them) and replenish on a regular basis. And they often order multiples.
3. Groceries are replenishable. Once you figure out what works, you can simply restock and sell the same items over and over again - as long as the market supports that item.
Keep your eyes and ears open for discontinued and limited edition items. Don't leave money on the table because you are not in the know!
Make sure you are subscribed (top right) so you can receive emails about the latest discontinued products to ell for profit on eBay.
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