Strange title isn't it? You would be shocked at how many of the basics most people ignore when it comes to eBay selling. This article will explain to you how to sell stuff on ebay on a much more targeted and commercial basis!
Most people start small selling a few household surplus items enjoy this aspect and then move on to casual buying and selling. Then there are others who start out buying products for their own interests and then start selling some more. A decision somewhere along the way is made and the thought arises that 'this might be a good way to earn extra cash'.
How familiar does this sound? Are you now reading this article because you're interested in eBay as a market or interested in making more money, either as a full time business or perhaps a handy second income? Either way read on because I'm going to go over a few basics before you can make 'profit'! After all, no point being in business buying and selling if you're making no profit – right?
Well strangely, whilst many people do some trading on eBay many of those make a loss. OK you may be saying that you have always made a profit on what you buy and sell – but could you make more? For those of you guys that have made a loss – there is one simple question you should ask yourself – Is there a market for what I want to sell?
If you don't treat this like a business, no matter how large or small then you WILL lose. You will lose money because you have extra stock that no one wants or you will fail to capitalise on existing markets because you have done less research than you should. Either way you lose. Fail to plan – Plan to Fail.
So you may be saying – OK I'm fed up with this wise guy and move on to another article – or perhaps you may be recognising that there are 'pearls of wisdom' here and continue reading. Anyway the first pearl that I will share is 'analyse a market' first.
The first step I always take when looking at what to sell is find out what's selling. Sounds really basic doesn't it? But you would be amazed how many eBayers decide to sell a product without even looking at how it's selling or Not.
What most people in this category fail to realise is that buying and or selling on eBay is no different to having an 'offline' business. You get it wrong – you're soon out of business!
So how do I Know what products are selling and what's not. If you go to the following site http:// pages.ebay.com/sellercentral/hotitems.pdf (don't leave a 'space' between // and pages when you type the link in!!)
If you download this pdf – you will get all the 'hot' and 'super hot' items that were traded last month. What you should do then is collect a series of reports for the previous months to look for trends. Now you are in a position to 'formulate' your strategy for 'looking' at items to cater to these hot markets.
If you are learning how to sell stuff on eBay you must carry out market analyses for niches this makes the sales process much more targeted and will start serious eBayers on the road to financial success!
Without Market Research you’re dead in the water. The experienced eBayers not only analyse what is hot they look for niches to exploit and because of their flexible approach they are the ones that make the money and have been able to quit their day jobs!
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About the Author:Peter Burke MBA has been writing journals and Articles for publication for over 7 years and is Managing director of a Consulting Company in the UK.
Article Source: http://EzineArticles.com/?expert=Peter_Burke
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