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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Advance slots planned to view early morning Toyosu auction:The Asahi Shimbun  Asahi ShimbunAdvance online reservations will be accepted from Dec. 17 for those who want a better view of the tuna auction at Tokyo's new Toyosu fish market in Koto Ward.
Chicago church saved from auction by last-minute anonymous donation | TheHill  The HillChurch officials in Chicago are praising the “Christmas miracle” — a last minute donation that saved the city's 120-year-old church from the auction block.
Questions about consent loom after tech brothel auctions off robot’s virginity for $10K  The Next WebPeople can pledge $10000 to be the first person to have sex with a robot at Eve's Robot Dreams brothel in California after receiving $155000 in funding.
A bunch of Michigan land is going to auction, including a spot in Highland  Hometownlife.comThe auction also includes a couple of parcels in metro Detroit, in Oakland and Livingston counties.
80-foot fire tower at Paris Mountain being sold in online auction  Greenville NewsThe 80-foot-tall steel tower atop Paris Mountain has stood on the mountain for decades, but now, it's about to be sold to the highest bidder.
Henzel Studio Auctions Carpets by Established Artists  Architectural DigestHenzel Studio is bringing its colorful creations to a new venue. Known for punchy handwoven styles (of which Robert Downey Jr. is a fan) and collaborations ...
IPL 2019 auctions to be held in Jaipur on December 18: Report  Times NowIndian Premier League will enter into its 12th season next year and the auctions for the same will be held on December 18 in Jaipur. If latest reports are to be ...
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Indian Premier League 2019 Auctions: Yuvraj Singh to Jaydev Unadkat, 5 Players MS Dhoni-Led Chennai Super Kin  India.com NewsIndian Premier League (IPL) 2019 Player Auction: With IPL 2019 Auctions around the corner, all eyes will be on the defending champions, Chennai Super Kings ...
Although buyers are being cautious, auction numbers and sales rates are steady and most of those that sell are fetching more than their rating valuations  Interest.co.nzBoth auction activity levels and the prices being achieved appeared to be stable in November, according to the results of residential property auctions monitored ...
Online auctions key to wholesalers' future  Automotive NewsOnline auctions and the digital tools that accompany them are key to vehicle wholesalers' futures.
Bid to play catch with Lorenzen among auctions  MLB.comLAS VEGAS -- A charitable tradition during the Winter Meetings will continue this week, with the Reds offering once-in-a-lifetime types of experiences that fans ...
EBTH auctions off historic Reds memorabilia: PHOTOS  Cincinnati Business CourierCincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of Reds history.
IPL AUCTION 2019 Strategy: Kings XI Punjab  SportskeedaLikely strategy for Kings XI Punjab in the upcoming auctionKings XI Punjab have again dismantled their squad before an auction.
No buyers at Newport auction of 3 impounded boats, which now will make their final cruises to the scrapyard  Los Angeles TimesNewport Beach tried to auction a trio of uncommonly large impounded vessels this week that, despite their abundant character, got no bids.
First issue of Macworld signed by Steve Jobs fetches $47,775 at auction  AppleInsiderA copy of the first issue of Macworld bearing the rare signature of Apple co-founder Steve Jobs has sold at auction, with the item far exceeding its estimate and ...
Sharon Tate's wedding dress sells at auction for $56,000  CNNAn anonymous buyer has bagged a ghoulish piece of movie memorabilia after winning an auction for actor Sharon Tate's wedding dress. Tate was murdered by ...
IPL 2019 auctions: 3 International stars who may start a bidding war  Hindustan TimesThe teams will have to take into the fact that a major part of the 2019 season could well be played outside India and there will be several players who might miss ...
IPL Auction: 5 Unsold Stars From 2018 Who Could Attract Big Bids  The Quint2019 IPL Auction: 5 players who went unsold in the 2018 IPL auction but could attract a bidding war this time around. The IPL auction is in Jaipur on 18 ...
Australian teen auctions virginity to help pay for college, her parents' mortgage  CBS17.comSYDNEY (KRON) - A teen in Sydney, Australia who started a website to auction her virginity says she hopes to raise at least $100,000 to pay for college, a car, ...
Shape of EU carbon market unclear after UK axes auctions  Financial TimesAny 2019 allowances sold by Britain would be worthless in the event of a hard Brexit.
Looks Like the Kids Aren’t Going to College After All: Luke Skywalker’s Lightsaber Is Up for Auction  VultureHollywood auction house in Profiles In History is putting Luke Skywalker's lightsaber from Star Wars: Episode IV – A New Hope up for auction.
A photo of Hitler posing with a girl of Jewish heritage auctions for $11,520  CNNThis photograph of Adolf Hitler embracing a young Jewish girl who he called his "sweetheart" sold for $11520 this week.
10-Year TIPS Auctions At 1.109%, Highest In Nearly 8 Years  Seeking AlphaThe last time a 9- to 10-year TIPS auctioned with a real yield above 1.00% was on January 20, 2011, at 1.17%. Buyers got this TIPS at a substantial discount ...
EBTH auctions off historic Reds memorabilia  WKRC TV CincinnatiCINCINNATI (Cincinnati Business Courier) - Cincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of ...
DD Freedish to open 55 slots for e-auction by December-end  Best Media InfoThe Ministry of Information and Broadcasting (MIB) had shown the green light to DD Freedish's e-auction in October 2018. The date of auction and the opening ...
NHAI to further extend deadline for TOT road auction bids  LivemintNHAI is likely to set 3 January as the new deadline to privatize operations of its second bundle of roads under the toll-operate-transfer (TOT) model.
Last minute donation saves Chicago church from auction  The StateA 120-year-old Greek Orthodox church in Chicago has been saved from going to auction after a midnight call from a group of donors, which one church official ...
10 years after he monkey-wrenched a Utah oil and gas lease auction, Tim DeChristopher is 'feeling demoralized looking at the state of the world' but sees hope in humanity's resilience  Salt Lake TribuneTen years ago this week, a 27-year-old University of Utah student sat in on a Bureau of Land Management auction, raising a paddle, over and over again, until ...
How record-setting art auctions are ruining the old neighborhood  Washington PostArt critics generally hate it when an auction house sets a record. Thursday, at Christie's in New York, a painting by David Hockney fetched more than $90 million ...
Hybrid tender will see reverse auction among two bidders  Economic TimesNEW DELHI: The government will go ahead with the reverse auction for its first solar and wind hybrid tender which will see the two bidders, Adani Green Energy ...

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