Finding
Products to Sell on eBay
by Nowshade Kabir
Do you know how many people in US are earning their
livelihood with the help of eBay? According to a new survey conducted
on July 2005 by ACNielsen, a leading research firm, an astounding 724
thousand Americans respond that they rely on eBay for their main or supplemental
income. Apart from these professional sellers, another 1.5 million people
confirmed that they generate additional income by selling goods on eBay.
Last year alone, around 150 million registered users have sold over US$
34 billion worth of goods on eBay. Isn’t it amazing?
Why entrepreneurs are flocking into eBay? Some of
the reasons are quite apparent.
• Starting a business on eBay is easy and
quick
• You don’t require large investment
• Anybody can start an eBay business, no special
skill is required
• You can sell virtually anything on eBay
• With your eBay business you can have flexible
work time
• You have a ready-made market of over 150
million people and counting
• eBay get 1.5 billion page views each month.
You get access to this massive traffic almost paying nothing.
So, there is no wonder that anybody with slightest
penchant to have their own business will jump into this great opportunity.
But, there are two major problems that many of the would-be eBay sellers
encounter. The first is what to sell and the next is where to find it.
What to sell?
According to Forrester Research, a major research
company, this year, categories with products purchased by women will have
the most growth in online retailing. Some categories are already getting
more than ten percent of their overall sales through the Internet, which
include: computer hardware and software, tickets, travel, books, consumer
electronics, cosmetics and fragrances, toys and video games, and flowers,
cards and gifts. While choosing items to sell on eBay, you should also
explore the features available on eBay and other places on the Internet
that show items people search and items people actually buy.
eBay has a complete section called “Seller
Central” dedicated to delivering utmost information to help you
succeed in selling products through eBay. Two links from this section
should interest you. One is What’s Hot (http://pages.ebay.com/sellercentral/whatshot.html)
and the other one is Category Tips (http://pages.ebay.com/sellercentral/sellbycategory.html).
When you go to the subsection ‘What’s
Hot’, check out the following three areas:
Hot Items by Category
This is a comprehensive report of categories, and
products within a category by the ratio of bid to listings growth rate
in PDF format. The report gets updated monthly and shows which products
have increased demand in comparison to last month. Super hot products,
for example, have over 35 percentage point difference between bid growth
rate and listing growth rate. According to the latest report, by the way,
Sunglasses for men, in particular Prada sunglasses are super hot.
eBay Pulse
This is another area where you can see the top ten
searched categories, ten most widely watched auctions, list of stores
with most active listings, and other cool stuffs on daily basis.
eBay Summer Catalog
This is a new subsection. It’s a real catalog
with pictures and average price of products. In each category of products
there is a list of top ten summer trends. You, definitely, should check
this out if you are planning to start selling now.
In Demand
On the page “Category Tips” under each
category you will see a link under the name “In Demand”. This
area will show you a list of ten most sold items of this category as well
as most searched items for each subcategory.
You might also like to see what people buy on non-eBay
part of the Internet. The Shopping.com Consumer Demand Index (CDI) (http://www.shopping.com/CDI/cdi.cmp)
makes a weekly list of most sought after items. This list could give you
the needed glimpse to the future market trend!
Where to find items to sell on eBay
Your own home
If you are just planning to start selling on eBay,
your first option is to go through your attic, closets and garage. Find
those long stashed items that you will probably never need. These may
include: books that you will perhaps never read, CDs that you out grew,
gifts that you received but did not like much, the list can go on! Take
them out, brush them off and post them on eBay for sell.
Flea markets and garage sales
Every body knows that garage sales and flea markets
can be real treasure troves! Well, now you can look at them from a business
point of view. Your sales experience with own home items, hopefully, will
help you understand what will sell well and what won’t. Don’t
go for any costly items as yet.
Local liquidators and auctions
Classified sections of local Newspapers’ week-end
editions are good place to look for estate auctions. While buying items
from local auctions determine what are you going to buy and for what price
beforehand and stick to them no matter what! At an auction there is always
a risk of getting carried away!
Go visit some local business liquidators. These
are excellent places to find items for bargain price.
Drop shippers (http://ezine.rusbiz.com/article/39)
When a manufacturer, wholesaler, distributor or
importer, after receiving an order from their retailers, individually
pack and deliver the product to the customer of the retailer with retailers
address as shipper, this selling technique is called drop-shipping. This
is an excellent way to find products to sell on eBay. Drop ship source
directory (http://www.worldwidebrands.com/wwb/?8188)
is the place to go if you are looking for drop-shippers.
eBay
eBay itself can be a great sourcing place for you.
Check out wholesale items and eBay business marketplace from your chosen
fields. In order to find wholesale listing, while searching a product
select “Items listed as lots”. You can buy goods in wholesale
and then sell them piece by piece and make decent money. Of course, you
have to develop good knowledge of the products before doing this.
If your business has grown and you are considering
importing products to sell on eBay, read my article “Importing Products
to sell on eBay” (http://ezine.rusbiz.com/article/52).
The bottom line is there was never a better time
to start a business. If you feel this is really your cup of tea, just
go for it!
Nowshade Kabir is the founder,
primary developer and present CEO of Rusbiz.com – a Global B2B Exchange
with solutions to create e-catalog, Web store, business process management
and other features to run a business online. You can read various articles
written by Nowshade Kabir at http://ezine.rusbiz.com.
Article Source: http://EzineArticles.com/?expert=Nowshade_Kabir
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