Finding Products to Sell on eBay

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.

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Auction for Banksy artwork depicting MPs as chimpanzees  The GuardianDevolved Parliament expected to sell for £1.5m-£2m, potentially becoming most expensive Banksy sold. Mark Brown Arts correspondent. Sun 15 Sep 2019 ...
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Auction clearances still strong  MacroBusinessAuction clearance rates remained strong over the weekend, with the preliminary rate nationally coming in at 74.0%, down slightly from 75.7% last weekend:.
An Anthony Bourdain Auction Will Include His Treasured Knife  The New York TimesA collection of belongings left behind by Anthony Bourdain, the celebrity chef and television star who died in June 2018, will be sold in an online auction in ...
Photos: Coyote Johnson auctions nearly 100 cars in Red Oak  DesMoinesRegister.comOnlookers attend the Coyote Johnson Vanderbrink Car Auction on Sept. 14, 2019 in Red Oak, Ia. Coyote Johnson of Red Oak has collected over 90 muscle cars ...
Edward VIII’s wisdom tooth to be sold at auction and could fetch £10k — despite being extracted after his abdi  The SunONE of Edward VIII's wisdom teeth — extracted after his abdication — is to be sold at auction. The stained tooth was removed in 1940. Edward VIII's wisdom ...
A blacked-out 1981 DeLorean sold for a mere $30,000 at auction  EsquireMeMade famous by Back to the Future in 1985, the DeLorean DMC-12 is one of the most iconic film cars of all time. As this auction proves however, they can be ...
Rehabilitated horses given new homes and new hope at Jackson auction  WLBTThe Safe Horse Auction and Equine Fair was held Saturday at the Kirk Fordice Equine Center in Jackson.
Bleak picture for the art world as auction houses fear UK fallout  Independent.ieUncertainty caused by Britain's prolonged attempt to split from the European Union, mass protests in Hong Kong and the US-China trade war are weighing on ...
Newport criminal goods auction raises £150,000  BBC NewsA Ferrari, sold for £33000, is among dozens of items seized from criminals and sold at auction.
Iconic Marilyn Monroe Photos to Go Up for Auction, Alongside the Camera That Took Them  TownandCountrymag.comDouglas Kirkland took iconic photos of Marilyn Monroe in 1961. Now, the camera he used, plus limited-edition prints from the shoot, are set to hit the auction ...
Auction of £500,000 in cryptocurrencies to take place  The Irish TimesSale being held on behalf of UK police force that tackles organised crime and terrorism.
2 Bottles Of Rare Whiskey With Pittsburgh Roots Go At Auction For Almost $30,000  CBS PittsburghPITTSBURGH (KDKA) – Two bottles of a rare whiskey passed down through the Mellon family sold for a pretty nice sum at an auction — $28,000 total. A bottle of ...
Auction report: Gambling on 'terracotta'...at big Bord Na Móna sale?  AgrilandBord Na Móna played host to an auction of “surplus-to-requirement” tractors and machinery yesterday (Saturday, September 14).
School's out, auctions are on: Brisbane properties under the hammer this weekend  Domain NewsThe September school holidays officially begin this weekend, and as the spring selling season takes hold, some of Brisbane's most beautiful properties will go ...
Coonoor tea auction volumes falls  BusinessLineA volume of 10.24 lakh kg has been catalogued for Sale No: 37 of the auctions Coonoor Tea Trade Association to be held on Thursday and Friday.This is as ...
Top events of the day: RCEP meet, auction of PM Modis gifts, and more  Business StandardAware of its massive trade deficit, India is preparing a final list of products on which it may retain import tariffs for China in the proposed Regional ...
City of Jonesboro to auction surplus equipment  KAITThe City of Jonesboro will auction off everything from police cars to garbage trucks on Saturday.
Abandoned former tuberculosis hospital sells for $55,100 at auction  Business InsiderThe new owner, an attorney from Texas, wants to transform the long-vacant asylum into a retreat for veterans.
Belagavi farmers auction PM Modi in form of shoe for Rs 5 to stage protest  India TodayA shoe representing Prime Minister Narendra Modi had a starting price of Re 1 and was bought by a local farmer group for Rs 5.
A Tale of Two Wine Auctions  Wine-SearcherThere's quite a gap between two upcoming wine auctions, US editor W. Blake Gray discovers. Read the latest wine news & features on wine-searcher.
Stamp and coin auction achieves $1m in sales  Stuff.co.nzHave a closer look at that coin or stamp that's been at the bottom of your drawer - it might fetch a top shelf price at auction. Mowbray Collectables' International ...

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