Bidspotter.com is a great way to find stuff to resell on eBay. Bidspotter is a website that broadcasts live auctions over the internet. You can listen live to the auctions as they happen and place your bid on your computer in the comforts of your own home or office. I have had some success using their service for eBay product sourcing.
BidSpotter focuses mainly on industrial type products, but there is some great profit to be made if you take the time to do the proper research. One of the best things about BidSpotter is the research you can perform on the items that are offered. Each auction publishes the inventory list prior to the start date. You will have plenty of time to research the items you are interested in on eBay and come up with your maximum bid price. In addition, the website posts the winning bids of past auctions. BidSpotter has many of the same auctioneers as clients and those auctioneers usually sell the same type of items. You can easily check past auctions to see if it will be worth the effort to do the research on upcoming auctions.
BidSpotter offers two types of bidding. The first is live bidding. You can download their software and listen to the auction as it happens. Just wait for the item you are wanting to bid on and place your bid just like you would if you were actually at the auction. However, in this case you are at your computer with all the research tools you need to place an educated bid. The second type of bidding is absentee bidding. If you see some items you want to bid on before the auction starts and you won’t be in front of your computer during the live auction, you can place an absentee bid and your bid will be entered when the items are being bid on. In both cases, you must be pre-registered before you can bid.
Most of the auctions require you to arrange your own shipping. Therefore, you will be somewhat limited by location as it is not feasible to pick something up across the country. However, some auction companies do offer shipping. You will want to be aware of the costs involved in shipping prior to bidding. In addition to many auctions across the United States, BidSpotter also broadcasts auctions in Canada and the United Kingdom.
