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eBay: What Should I Sell?


There is an art to picking profitable products. It's not just what you want to sell but rather what will sell. Unless you pick a product in demand in the marketplace, you will fail. A fundamental principle of the capitalist system is "supply and demand". It represents a delicate balancing act between "what people want" and how much of "it" is available.

Every Christmas, we see one toy that everyone wants. One year is "talking Elmo" and the next year it's something else. But, it never fails to occur. Because everyone wants "it", so "it" is in high demand. If the supply of the product isn't sufficient to meet the customer demand, prices soar, as do profits for the people selling them.

You could hope you pick one of those products and make a lot of money in one season, or you can be smart and have a profitable business all year round. How? Understand trends in our society and how they help you predict the products which are or will be in demand, now and in the future.

Current Trends In American Society

By reading and watching current news, we should be able to spot trends. These trends will have an impact upon people and therefore, the products they need or want. For instance, some current trends in the United States are as follows:

· Americans are fatter than prior generations (particularly children)

· Baby Boomers (a very large potential market) are getting older. Many are in the 50s or 60s.

· More and more people purchase online from the security and comfort of their own home

· Americans are more security conscious since 9/11

· Travel by car or recreational vehicle is up over previous years

· Diabetes is making major inroads into the general population

These are just some of the trends impacting our culture now. We need to take those identified trends and make some assumptions about them. With these assumptions come product decisions, profitable product decisions.

Using a Trend to Pick Profitable Products

Let's choose the Baby Boomer trends upon which to focus. We know that the Baby Boomer Generation represents a large, and very wealth, segment of the current American society. If we choose to focus upon this group of consumers, we know we have a large potential audience. More importantly, we know we have an audience who can pay.

Determining the products we will offer starts with making some assumptions about our targeted market. What does that mean for the Baby Boomers? We need to take what we know about that market segment and then make some assumption based upon that knowledge. Let's try.

What We Know: What We Can Assume:

We know they are getting older. We can assume they don't like that. We know they are fatter than prior We can assume they don't like that generations. and want to do something about it.

Let's just look at those two trends and how they help us choose products. If this generation is fatter than the last generation, we can assume larger size clothes are needed right now. Is that true? At eBay, plus size women's clothing sold for a total of $90,903.37 in the last 30 days! There's a profitable product selection for the present.

If we assume they are fatter and don't like it, they must want to do something about it. What might they do? Exercise or diet. What does this mean for possible products? Exercise equipment or diet pills. Is this true? At eBay, exercise equipment sold for a total of $1,125,144.50 in the last 30 days and weight loss pills sold a total of $130,795.34 in the last 30 days! Two more profitable, "in-demand", products at eBay, right now.

Choosing the right product for a profitable business does not have to be difficult. Just follow the four easy steps; analyze, assume, test, and choose. You simply have to read and watch the world. Look at leading news articles and magazine stories. What appears to be uppermost in the minds of potential consumers? What assumptions can you make about the trend? What product(s) does that translate to? Sell that product and you will earn money. Continue to follow those four steps and you will be profitable for a long time.

Michele Schermerhorn has over 30 years experience in the business world and over 12 years running her own successful online businesses. She is President of Online Business Institute Inc. (http://www.obinstitute.com). Online Business Institute Inc. exists to "Create Successful Online Business Owners One Person At A Time". They run regularly scheduled free online seminars.


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IPL auctions could take place towards the end of January 2018 - Yahoo Cricket

Yahoo Cricket

IPL auctions could take place towards the end of January 2018
Yahoo Cricket
The much anticipated Indian Premier League auctions could well take place sooner than expected, and if the good folks at the Hindustan Times are to be believed, it might see the light of the day sometime towards the end of January 2018. Goa could be ...

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Power ministry may ask discoms not to wait for regulator's nod - Economic Times

Economic Times

Power ministry may ask discoms not to wait for regulator's nod
Economic Times
NEW DELHI: Power ministry may ask distribution companies to accept the revised tariffs quoted by power plants to win coal contracts in auctions without waiting for the regulator's nod. "The regulator's approval is a long-drawn process," said a senior ...

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Artemis Gallery plans stellar Dec. 20 Antiquities, Asian & Ethnographic Art Auction - Auction Central News

Artemis Gallery plans stellar Dec. 20 Antiquities, Asian & Ethnographic Art Auction
Auction Central News
Internationally recognized as being among the foremost authorities in their field, Artemis Gallery's co-founders Bob and Teresa Dodge have reserved some of their consignors' finest antiquities and other cultural rarities for their last regular auction ...


Carrie Fisher blaster highlights massive BC Star Wars auction - CTV News

Carrie Fisher blaster highlights massive BC Star Wars auction
CTV News
Star Wars fans descended on a B.C. auction like a flock of porgs on Saturday, to pick over a large trove of memorabilia from a galaxy far, far away. The sizeable collection, which was being auctioned off in Langley, B.C., included $100,000 worth of ...

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Jane Street Group LLC Increases Holdings in KAR Auction Services, Inc (NYSE:KAR) - TrueBlueTribune

Jane Street Group LLC Increases Holdings in KAR Auction Services, Inc (NYSE:KAR)
TrueBlueTribune
KAR Auction Services logo Jane Street Group LLC boosted its position in KAR Auction Services, Inc (NYSE:KAR) by 31.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The ...

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DoT plans to likely to auction E, V bands via spectrum through auction - The Hindu

DoT plans to likely to auction E, V bands via spectrum through auction
The Hindu
The Telecom Department is planning to allocate E and V band spectrum, which are required to connect mobile towers, through auctions instead of a fixed fee as suggested by the sector regulator Telecom Regulatory Authority of India. “The working group on ...

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Dyersville sale barn ends tradition of livestock auctions - Westport News

Westport News

Dyersville sale barn ends tradition of livestock auctions
Westport News
DYERSVILLE, Iowa (AP) — After generations in Dyersville, a family-owned sale barn is suspending its livestock auctions. Dyersville Sales Co. will hold its final livestock auction Dec. 30. Although weekly hay auctions will continue, the elimination of ...

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Wladimir Klitschko auctions robe containing Anthony Joshua fight prediction - Birmingham Mail

Birmingham Mail

Wladimir Klitschko auctions robe containing Anthony Joshua fight prediction
Birmingham Mail
Wladimir Klitschko has raised £160,000 from the sale of the robe he wore in his final professional fight against Anthony Joshua. The robe had a USB stick sewn into it which contained Klitschko's prediction of how the April bout would unfold. The ...

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Dyersville sale barn ends tradition of livestock auctions - Thehour.com

Thehour.com

Dyersville sale barn ends tradition of livestock auctions
Thehour.com
DYERSVILLE, Iowa (AP) — After generations in Dyersville, a family-owned sale barn is suspending its livestock auctions. Dyersville Sales Co. will hold its final livestock auction Dec. 30. Although weekly hay auctions will continue, the elimination of ...

and more »

Brisbane auction clearance rate rises above same time last year - NEWS.com.au

NEWS.com.au

Brisbane auction clearance rate rises above same time last year
NEWS.com.au
BRISBANE'S auction clearance rate has hit the mid-50s — higher than the same time one year ago, according to preliminary CoreLogic data. The property data firm said “there were 196 Brisbane auctions this week with a preliminary clearance rate of 54.8 ...

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