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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/sellercentral/what'shot.html) and the other one is Category Tips (http://pages.eBay/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.
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.
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 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.
On April 1, 2019, KAR Auction Services, Inc. announced that it has received a favorable private letter ruling from the IRS to the IAA spin. As per the latest Form 10 ...
U.S. government debt yields fell Tuesday thanks to Asian interest in long-term notes and bonds and ahead of Friday's first look at U.S. economic output. Treasury ...
BY SUZANNE ELLIOTT. SElliott@DominionPost.com. MORGANTOWN — Joe R. Pyle Complete Auction & Realty *Service* is auctioning two one-of-a-kind local ...
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A rare game-worn Yankees road jersey used by New York legend Babe Ruth is expected to sell at an auction this summer for more than $4.5 million –a price tag ...
Sacred Heart School will have its annual Bid 'N Bite auction to support the school's endeavors Saturday night. Each year, Sacred Heart holds this uniq...
A spectacular Georgian-style 19,000-square-foot mansion on 86 acres in Chappaqua in Westchester County, New York will be sold at auction on May 18th.
Looking for a deal on used trucks, tractors, trailers and more? Members of the public are invited to bid on a variety of items at a state surplus auction Saturday,
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ALBANY — Dozens gathered Wednesday to bid on surplus state vehicles at the State Office Building Campus. The state Office of General Services regularly ...
Man Auctions Off Lou Gehrig Cap For Six Figures - Bethwood, CT - The man auctioned off most of his sports memorabilia collection.
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Fashion sketches from late Chanel designer Karl Lagerfeld's early career at House of Tiziani at auction, including two for Elizabeth Taylor.
April 23 (Renewables Now) - Greece's Regulatory Authority for Energy (RAE) announced on Monday two new technology-specific auctions for solar photovo.
Real Estate & Personal Property Auction • 11:30 a.m..
Introduction. The Federal Communications Commission (FCC) is currently considering whether spectrum critical to the deployment of fifth generation (5G) ...
A Tiger Woods backup putter from 2000 was sold at auction for more than $88000.
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Fans of the show can now get their hands on jackets, sneakers, and other costumes the vegan entertainer wore during the popular Disney show.
A 19000-square-foot Chappaqua mansion will be sold in a bankruptcy auction on May 18.
NoMad Hote's mezzanine lender, Colony Capital, initiated a UCC foreclosure auction on the 168-key luxury hotel, Commercial Observer reported.
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Auction features many autographed sports items, travel packages, concert tickets, and food and drink packages. Plus, more news in brief.
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“The Sell Sider” is a column written for the sell side of the digital media community. Today's column is written by Harry Kargman, founder and CEO at Kargo.
Thousands of items from the Honolulu Police Department's evidence room are up for auction. HPD amassed the items from various criminal cases over the years ...
Tulsa, Okla. - The City of Tulsa's Surplus Auction is set for 9:30 Saturday morning. The city holds surplus auctions every year to sell unused items. Unclaimed ...
Shortly before the start of World War II, Albert Einstein, perhaps the world's most famous theoretical physicist, wrote a letter to a colleague detailing his thoughts ...
An “extremely rare and important” 104-year-old Coca-Cola bottle is about to go under the hammer for a starting bid of $150000 at Morphy Auctions.
Gary is looking to sell hundreds of out-of-*service* police vehicles by the end of the month, part of a hastily developed plan to clean up a long-neglected eyesore ...
By flipping traditional auction models, the power sector could see the expansion of energy storage take off.
Economists from the University of Sydney and the University of Technology Sydney (UTS) have co-authored a new study that challenges conventional thinking ...
American artist Brian Donnelly (b. 1974), or Kaws as he is known in the art world, is currently a moneymaking sensation at auctions. His work, which is often ...
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The same education story makes headlines time and again: In search of an engaging or memorable history lesson, a teacher decides to do a slavery simulation.
MUMBAI (Reuters) - Indian tax authorities raised about $8 million in an auction on Tuesday of rare oil paintings that were once part of fugitive billionaire jeweler ...
Jeff Probst has returned to Survivor Twitter once more after Edge of Extinction episode 10, replying to individuals about some of the show's big updates.
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The auction house set a record for the artist when the work's companion piece, “Helter Skelter I,” was sold last year by tennis icon John McInroe.
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The rare, emu-like bird that attacked and killed its owner in Florida is being put up for auction.
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An amazing collection that includes no less than four original Shelby Cobras heads to auction next month. The collection is from the estate of the late Steven ...
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Iconic items from Slash's Guns N' Roses tenure – including the guitarist's top hat, coffin-shaped guitar case and his 1988 MTV Video Music Award for Best New ...
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Russia's Finance Ministry is on a tear as it got another no-limits bond auction for its ruble-denominated OFZ treasury bills away, setting a *fresh* record.
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The Turkish Treasury borrowed some 3.22 billion Turkish liras ($552 million) from domestic markets, according to an official statement on April 22.
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The planned spin-off of the Insurance Auto Auctions business from KAR Auction Services reached what KAR's chief executive called “an important milestone” ...
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The FCC will formally schedule a new round of millimeter wave auctions and roll out a plan to expand rural broadband at a White House event today.
Thirteen might be a lucky number Saturday, April 27 in Wahpeton.
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