How to Find the Best Products to Sell on Ebay
If you are looking for ways to make money off Ebay, then your product choice is
vitally important. What you choose to sell can make all the difference and very
few people ever target the right products and they end up not making much money.
Essentially there are two approaches:
you can either sell a lot of products for a small profit or you can sell fewer
products, but with a bigger profit margin. With the increase in online sales,
combined with a renewed interest in Ebay, finding the best products to sell on
Ebay need not be such an arduous task.
Regardless of which approach you chose to follow, you need to ensure that there
is a demand for what you want to sell. Trading is all about demand and supply.
With a high demand and a low supply prices tend to be high as the perceived
value of an item is high. If the supply was to increase the prices will fall as
the perceived value will be lower.
When it comes to finding the best products to sell on Ebay, gauging the supply
and demand chain is a vital step in determining the perceived value of a
product. When it comes to highly sought after items like tickets to the Pink
Floyd reunion concert, the demand can become so high that prices skyrocket. This
is where Ebay is incredibly powerful and popular.
The first step then to find the best products to sell on Ebay, is look for the
demand - what are people looking for online and what are they willing to spend
money on? Head over to Amazon.com and select any category. On the right hand
side you will see the ten most popular items and if you like you can even have
all the products in that category displayed by popularity. This will give you a
good idea of what people are actually buying online.
Next you need to head over to Ebay Pulse
to see what's most popular on Ebay. Select the same category as you did in Amazon
and look for matches. What you are looking for is to see whether people are buying
the same popular products on Ebay. Most of the time you will see at least three
to five matches. You can do more demand research by heading over to other shopping
sites, but for now we can be pretty certain that there is a demand on our three
to five product possibilities.
Next, we need to check the supply. For this we will pretend to be a shopper on
Ebay. Start by doing a wide search on Ebay and take note of what's on offer. If
you found Pink PSP Console to be your hot product, start your search with PSP
and then narrow it down.
Of special interest would be the going rate, the amount of products on offer and
whether they are Ebay shops or just private resellers. Private sellers usually
pose little threat to you as they only sell one product at a time and they tend
to sell used, damaged or one-off products.
Note down all those products being sold by Ebay store owners and check their
item price, their shipping costs and their overall presentation and guarantees.
We need to beat at least one of these and not just offer the same thing.