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Thursday, November 29, 2012

Selling on eBay-3


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Get Hands On Experience Without Investing
Of course, learning what sells the best on eBay takes a little research. But nothing teaches you more about it than some hands on experience. But hands on experience usually means investing money into buying and selling products on eBay. However, you don’t need to go that route.
You can launch your eBay store the way hundreds of thousands of other people do around the world – gathering and auctioning your unused stuff.
The advantage of using junk that’s laying around the house, in the garage, closet or in the attic, to start your eBay business, is the priceless experience.
By auctioning off your unused stuff, you to get a feel for what it’s all about, and how online auction works. You get to learn the cheapest way to sell on eBay, the best day and time to start and end your auctions, how to deal with your customers, how to lower your shipping costs, and how to sell things faster on eBay, all without having to invest hundreds and even thousands of dollars buying inventory.
Once you get a feeling for how the whole thing works, and you feel like you are ready to take the next step, start doing some research to find a few good wholesalers around you.
Now that you have found good providers where you can buy products to sell on eBay, simply purchase what you perceive to be the top selling items, in bulk, and sell individually on eBay for a profit.
I would advice you to pick a category and stick with that category. If you pay attention to the best sellers on eBay, you will notice that in most cases, these vendors only focus on the best selling eBay items in one specific category.
It is a fact that most people would rather buy stuff from specialized vendors rather than vendors who sell everything and anything under the sun.
I mean, if you think about it we do this even offline when we shop. wouldn’t you rather buy your book for Barnes&Nobel than Schnucks Book & magazine aisle?…
Keep An Eye On Trends
As I mentioned above, there are some stuff that are seasonal, and do very good for a short period of time. For example, around Christmas, Christmas decoration stuff and gifts are some of the best selling products on eBay. Same thing happens around Valentines day – personal gifts such as perfumes, jewelery, etc are hot.
So, you should definitely take advantage of those windows of opportunities. However, you can also take advantage of social media and the media in general to learn about new trends that may lead to a product that normally doesn’t do well, becoming a hot selling item.
For example, around presidential elections, T-shirts, bumper stickers and other items that can be personalized become extremely popular.
Many seasonal events such as Christmas, Valentines day and Thanksgiving, only lasts for a short period of time, but they open up a great window of opportunity for smart sellers who take note of this trend, and turn an ordinary product to a best selling item on eBay.

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