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The best-selling items on eBay… why YOU shouldn’t sell them
Looking for best-selling items on eBay so you can cash in on their popularity? Well stop shooting yourself in the foot! The trouble with jumping on the eBay best-selling items bandwagon is that tons of other people have the same idea. These markets are already saturated - making it very difficult to turn a profit. DVDs and consumer electronics, for example, are two totally saturated markets on eBay. You can still enter these markets, and you may even be able to sell lots of these products. But to earn a decent full-time or even part-time income, you’d need to find a supplier who can sell you items at rock-bottom prices! That’s because you’ll be competing with PowerSellers - seasoned eBay merchants who have built up a big customer base, earned a good reputation, and established long-term relationships with suppliers. Not only that, but because they sell so much product, they can afford to sell at lower prices. So how do you avoid falling into the "hot products" trap? Instead of duking it out with the heavyweights for best-selling eBay items, start focusing on your own areas of expertise, then find products that relate to them. For example, if you already know a lot about baseball cards and have collected them in the past, think about collecting cards relating to other sports. Even though you may not know as much about those other subjects, you DO know a lot about what collecting the cards means to people, how to source cards, how to build collections, and so on. So your learning curve will be much easier than if you jump into a completely new category. Here’s how you find profitable products related to your interest areas: 1. Start by identifying your top five areas of interest. Keep in mind that the more you know about these areas, the easier it will be to share your enthusiasm and establish credibility - which will help you sell more items for a higher price. (And who doesn’t want that?) 2. Cut back your list to the three areas you know the most about to narrow your focus and cut back on your research time. 3. Brainstorm a list of 5 to 10 related products for each area. The more specific you can be about your product, the easier your research will be. If your top category is soccer, for example, your list might include "Nike soccer cleats," "goalie gloves," "size 5 soccer balls," or "referee whistles." Once you’ve built a list of specific products related to your interest areas, you can use them as a jumping-off point for further research using advanced eBay research tools. (The absolute BEST third-party eBay tool we use here at IMC is Terapeak. Our team of Advanced eBay Mentors use it to help clients find crucial information like product demand compared to the amount and type of competition, as well as the average selling price and the sell-through rate for similar items.) That’s all there is to it! Instead of wasting valuable hours searching for "best-selling" items on eBay in markets you can’t possibly compete in, find a niche you know something about and lay the groundwork for your own highly profitable eBay business. |
http://www.terapeak.com/
PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
Intant Income
Janet Switzer's Instant Income Planner
www.instantincome.com/news
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