Congratulations! You’ve sold a few items on eBay. That puts you ahead of the crowd of ‘wannabe’ eBay sellers. Sadly, there are many people who “want” to sell on eBay full-time but never do anything to get their first listing up.
Maybe you’re starting to wonder, what should I do now? After you’ve sold the extra stuff around your house for a few bucks, where does the real money on eBay come from?
Well, let’s talk business. What makes a successful business? What turns a single small hamburger stand into the multi-million dollar McDonald’s chain? Answer: the money is always in the system. It’s the streamlined and repeatable process that works, every time, all the time. And the best systems work without you having to even be there. Having inventory that automatically lists and gets sold while you sleep is just one great example.
There are great tools to help you create amazing systems. These tools free you from having to always sit in front of your computer all the time. It’s a great feeling when you wake up the next morning and discover how much more money you made in your account. It’s almost like you get paid to sleep.
Here are two more tips. First, you need to buy products that sell. When you’re getting started, you might not have a lot of money to buy a ton of products. Don’t worry about that. Instead, buy smaller quantities. Whatever you buy, make sure that you do your research first. What’s already selling on eBay? Where can you buy it less than the current eBay price? What products are selling quick? Where can you find them at a glance? Well…
Tip 2: Keep Your Finger on the Pulse. If you want a quick, big-picture snapshot of what people are looking to buy on eBay, then go to http://pulse.ebay.com. This is a page where eBay lists the top 10 most searched for words in each category, the most watched items, and also displays the top 5 largest eBay stores. At a glance, you can easily spot current trends. For example, right now all of the top stores are selling media items, either books or music. That suggests that these categories are strong sellers.
The eBay Pulse is an excellent tool to help you start identifying what buyers are looking for. If you take those same words from eBay pulse and do a search on eBay, you can see how much competition there is. Products with low competition and high demand are great ones to pursue, and you’ve found what you can sell.