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:


Five Tested Ways To Find The Perfect Drop Shipper

You've heard about it many times in recent months. Being... Read More

How To Cut Your eBay Fees By More Than 90%

Now, are you ready for the REAL TRUTH about selling... Read More

From Ebay Zero to Power-Selling Hero: Using Feedback Effectively

When I talk about feedback to new Ebay sellers, I... Read More

EBay Income Possibilities

If you've ever read an article about eBay, you will... Read More

How Professional Ebay Auction Templates Can Boost Your Ebay Sales

Do you like to sell on eBay ? It's easy... Read More

Traditional Marketing Techniques for eBay Auction Ads

Ya know, I sort of giggle when I look at... Read More

Taking Paypal on eBay

Accepting Paypal as a payment method might increase your selling... Read More

Using Online Ebay Auctions to Promote Your Website - Confessions of a True Traffic Junkie

If you are looking for traffic to your e-commerce site,... Read More

E-bay Auctions: Sell Better, Spend Less Tip #1

Just about everyone alive today has heard of E Bay.com,... Read More

When is Wholesale Really Wholesale

You've finally found the wholesale source for the high demand... Read More

Get Yourself A Piece of The eBay Pie

Ebay is without a doubt the greatest internet marketing phenomenon... Read More

The Down Side Of Using Dropshippers In The Ebay Auction Arena!

Ok, let me just say right up front that I... Read More

eBay is the Greatest Opportunity YOU Have to Create a Career Online

eBay's being spoken about everywhere these days. At work, school,... Read More

8 Top Tips For Successful Art Auction Listings

Why is it that some artists seem to make easy... Read More

Learn How To Be A Successful eBay Seller

Anyone can sell anything on eBay. Open an account, list... Read More

Fed Up With eBay?

For many people, their first experience of working online involves... Read More

Royal Memorabilia ?Smart Trading and Fake Dodging

This is my second article about trading royal memorabilia on... Read More

eBay Gold

Internet auctions are relatively new having been around since the... Read More

How To Convert eBay Surfers into Bidders!

Do you know the phrase "A Call To Action"? Well,... Read More

From Ebay Zero to Power-Selling Hero: How To Learn New Tricks Without Spending

The Internet is the fastest-changing marketplace on earth. Million-dollar ideas... Read More

Seven Steps to eBay Selling Success

More and more people try their luck at selling on... Read More

How To Find REAL Wholesale Dropshippers For Almost Any Product

With more and more people getting online, many of them... Read More

How to Locate Drop Shippers for Your Success

Like the human heart, drop shippers can keep the blood... Read More

Just The Ticket - How To Make Hundreds Per Day As A Ticket Broker On eBay!

It should be simple - your favourite team/band/theatre play is... Read More

eBay and Dropshipping - A Perfect Fit!

eBay and Dropshipping go together like a hand in a... Read More