Pros and Cons of Amazon, Ebay and Local Sales
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eBay

Pros:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">easy to get started
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">usually quick payout
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">you can sell almost anything without much roadblocks (no ungating)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">you can run auctions/allow offers that sometimes exceed the price you had in mind

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eBay (cont’d)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">you are competing with other sellers only, as eBay doesn’t manufacture any products of its own
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">lower fees than Amazon
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up"> more global reach than Amazon
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">very easy to check comps

Cons:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">less consumer trust than Amazon
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">only one fulfillment method

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eBay (Cont’d)

Cons:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">running business is more hands on
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">less customer loyalty
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">many bargain shoppers, so becareful with auctions
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">separate payment processing fee (this should be changing soon)

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Now let’s move on to Amazon

Pros:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">more automated than others, so less hands on approach needed
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">you may fulfill orders yourself, or have Amazon fulfill them (FBM vs FBA)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">flat fee rate (15%)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">great brand loyalty
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">Amazon is better for private labels IMO

4/

Amazon (cont’d)
Cons:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">that fee is high AF if we’re being real https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤣" title="Lachend auf dem Boden rollen" aria-label="Emoji: Lachend auf dem Boden rollen">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">remember that brand loyalty? It is usually to Amazon and not to your store/product in particular. You have to learn to leverage that
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">sometimes, new stores take a while to get set up
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">Payouts take longer

5/

Finally, most Flippers’ favorite, Local Sales

Pros:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">quick money
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">you are in full control of your brand image
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">building rapport is easy as long as you’re respectful, so customer loyalty and retention is more likely
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">No barrier to entry; buy a product>market product>sell

6/

Local sales (cont’d)
Cons:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">it is customer facing, so you must be cognizant of potential safety issues arising
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👎" title="Thumbs down" aria-label="Emoji: Thumbs down">prospective buyers sometimes fail to show up to meet ups, hence wasting your time and possibly also resulting in missed sales opportunities

I believe I’ve covered most of the things I’ve realized on my journey so far

Anyone else in the community with anything to add?

Add a comment below https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer">

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