A Cautionary Tale

I am always looking for good sellers on eBay, as I am sure that we all are.  A couple of weeks ago I ran into someone who I knew sold football badges on eBay.  He said that although they sold well there was not enough profit per item and so he had stopped but he would give me his old stock and name of the wholesaler.

Now, my PowerSeller strategy is based on one or two fast moving cheap items with related higher priced items that can be sold either as stand alones or as an upsell.  The low price items satisfy the sale quantity threshold for PowerSeller status and the higher price items gives the real returns.  (Perhaps I will expand on my strategy in later posts).

Anyway.

This seemed a perfect fit for my philosophy and so I gratefully accepted his offer.  Then I did my research.  Unknown to my contact the provider of the ‘really cheap’ badges has a criminal record.  The company was prosecuted in 2006 for selling counterfeit badges.  Perhaps they are all genuine now but I am not willing to take the risk.  I do not want my seller reputation put at risk for the sake of short term profits.

Buyer beware is a good motto to live by.

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3 Comments

  1. Andy badges Lawsie Said,

    March 23, 2009 @ 10:36 am

    It’s something well worth highlighting, a lot of people (even sellers) see Ebay as some sort of safe harbour!

  2. Selling on eBay - A Cautionary Tale (2) | Earn Money and Work Online Said,

    April 16, 2009 @ 6:53 am

    […] For the background to this follow this link. […]

  3. Chair Pads · Said,

    November 14, 2010 @ 6:30 pm

    you got to work hard to earn lots of money because it is not very easy to earn .:~

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