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.

In The News:

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Everything must go: Mexican President auctions government vehicle fleet  CGTN AmericaFor many Mexicans, wealth and extravagance defined the presidential lifestyle. But the country's new leader is putting that lifestyle up for sale.
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The rise of private sales at auction houses  Financial TimesPlus: sprightly start to contemporary auctions; London gallery decamps to New York.
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Several of Dale Earnhardt's Race Cars Will Be Up for Auction Later This Week [Updated: Team Says the Cars Are 'Not What They Claim to Be']  JalopnikIn a country where the black No. 3 car is about as recognizable as the stars and stripes themselves, it isn't often that race cars driven by Dale Earnhardt Sr.
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Ever dreamed of owning a Dale Earnhardt race car? Auction this weekend is your chance  Durham Herald SunCars raced on NASCAR tracks by Dale Earnhardt Jr. and dad Dale Sr. will be auctioned in Glendale, Arizona, along with limited edition cars including one of the ...
Rare Pocket Watch to Hit Auction  Barron'sThe handmade masterpiece by the late George Daniels is expected to sell for US$1.5 million.
FG to redeem N139.6bn Treasury bills, bonds …as CBN auctions N48.6bn T-bills this week  The PunchFeyisayo Popoola The Federal Government is expected to redeem N48.6bn Treasury bills and make N91bn bond coupon payment this week to bolster syste...
George Michael's art collection fetches over $15 mn at London auction  Economic TimesLONDON: Pop icon George Michael's art collection, featuring pieces from the likes of Tracey Emin and Damien Hirst, has been sold for 11.3 million pounds (over ...
Rare Peter Blake Labeled Whisky Expected to Fetch Close to $1 Million at Auction  FortuneThe bottle of 60-year-old Macallan scotch whisky sports a label designed by Sir Peter Blake, the Sgt. Pepper's album cover artist.
Bhaichung Bhutia to auction 2 sport jerseys to fight polls in Sikkim  Northeast NowBhaichung Bhutia put two of his sport jerseys on an online auction to raise money for contesting the ensuing Lok Sabha and Assembly elections in Sikkim.
Treasury raises Sh34bn in auction as one-year paper most sought  Business DailyA total of Sh34.97 billion was accepted from investors who had offered Sh47.72 billion.
Germany: Foreclosed house explodes shortly before auction  DW (English)Hours before the house was due to be auctioned off, the building exploded and burned to the ground. German authorities did not find the house's sole inhabitant ...
4,000 art auction houses are putting their sales records on the blockchain  The Next WebA merger between a blockchain-based art registry and an international auction database will see records from over 4000 auction houses put on the blockchain.
Diary of 'Great Escape' airman sells for thousands at auction  ITV NewsThe diary was put up for auction by Mark Phillips, 59, a retired telecoms project manager from Twickenham, London, the nephew of Viv Phillips. Credit: BPM ...
Bhaichung to auction 2 jerseys to raise funds for ‘clean politics’  EastMojoGangtok: Hamro Sikkim Party working president Bhaichung Bhutia initiated a first-of-its kind fundraiser for a political party in Sikkim. In an attempt to "raise clean ...
Ex-Biwott aide’s Royalton Hotel up for auction  Business DailyA bank has put up for auction a multi-million shilling hotel in Eldoret belonging to a former long-serving personal assistant to late powerful Kanu era Cabinet ...
Art auction tests the market for assets of India’s most wanted  Financial TimesAs a celebrity jeweller, Nirav Modi cultivated the image of an aesthete with a deep appreciation of fine art. His extensive Indian art collection of works spanning ...
Sony Pictures, Davis Entertainment Win Auction For Action Pitch ‘Booker’  DeadlineEXCLUSIVE: The hot pitch package Booker has been won at auction by Sony Pictures Entertainment, with Davis Entertainment aboard to produce, sources said.
Auction Napa Valley Hopes Katy Perry Will Energize Donors To Bid Higher In Support Of Napa Charities  ForbesAuction Napa Valley, an annual event whose usual roster of celebrities includes international wine consultants, cult winemakers, and uber-wealthy attendees, ...
Gaddafi timepiece stars, as rare watches fail to shine at auction in Dubai  gulfnews.comDubai: As the final hammer came down on Christie's rare watch auction in Dubai on Friday night, it was a Patek Philippe, made in 1979 at the behest of former ...
The Beatles Singer John Lennon's Glasses Will Be Going On Auction With Mind-blowing Price  MetalheadzoneIn 2007, a pair of John Lennon's sunglasses have been sold by a British collector. Auction organizer have denied to reveal how much the glasses went. At that.
NY School Holds Mock Slave Auction Selling Black Students to White Kids  The RootAfter an apparent celebration kicking off the return to 11 White History Months in a row, administrators at an exclusive private school in New York are scrambling ...
'These are encouraging signs': Emboldened investors target harbourfront suburbs at weekend auctions  Domain NewsResidential property investors targeted apartments close to the city at the weekend, with units in Wollstonecraft and Crows Nest and a townhouse in Lavender ...
First "green" auctions to be launched no earlier than April 2020 – Ukrenergo CEO  UNIAN-EconomyThe introduction of "green" auctions will reduce the price of electricity generated from renewables due to the launch of the competition mechanism.
NHAI cancels second auction of toll roads  LivemintMUMBAI: The National Highways Authority of India (NHAI) has decided to cancel the second auction of toll roads after the bids came in far below its expectations ...
Regal Auction Services to hold first sale in new Penacook location next week  Concord MonitorIf you're looking for hardwood floors made from Brazillian cherry, a brand-new stove, or a government-made generator, you might want to head to the old Beede ...
Rodeo Houston breaks more records with George Strait concert, livestock auctions  Houston Business JournalThe Houston Livestock Show and Rodeo ended its 2019 season with a record-breaking concert from George Strait and special guests Lyle Lovett and Robert ...
Melbourne auctions: First-home buyers battle it out at entry-level properties  Domain NewsFirst-home buyers made spirited bidding at entry-level properties across Melbourne's inner suburbs on Saturday, taking advantage of stamp duty concessions ...
Michael Cohen testimony: Trump hired a fake bidder to buy a $60,000 portrait of himself  Vox.comTrump's alleged use of straw bidder to buy a portrait of himself isn't unusual (but using charitable funds to do so is).

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