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With one brilliantly simple idea, eBay was born just a few short years ago.
From its humble beginnings in the Collectibles business, it went on to achieve the lofty heights it enjoys today.
As eBay has continued to grow to over 30 million registered users, it has transformed the ability of individuals (as well as Corporations) to move product of all kinds.
eBay is now a place where virtually any item imaginable is available, for the right price.
With a few clicks of your mouse, the doors to the world marketplace are opened for you.
Similarly, with a few clicks of your mouse, the entire world can be viewing your merchandise for sale.
It is this awesome power that eBay gives to you, for a small fee.
Is it any wonder that large institutional sellers, such as the U.S. Postal Service, J.C. Penneys, various Police Departments and all types of Corporations have discovered the power and efficiencies of selling on eBay?
The drawback for the smaller seller is that, as more and more individual and institutional sellers sign on to sell on eBay, the supply of similar items will increase.
This increase in supply results in a decrease in demand, and with that decreased demand, lower ending bid amounts and lower profits for all sellers.
This has already begun to happen in some categories as ending bids continue their slow trend downward.
As sellers begin to see profits eroding due to too many sellers "playing the game", the question of the day seems to be, "What is the best thing to sell on eBay?"
The simple (and somewhat facetious-sounding) answer is, "Whatever people are interested in that is not currently selling on eBay in mass quantities".
More often than not, success on eBay results from a seller taking on a niche that they are familiar with and enjoy. Many of the top eBay sellers have built their entire business around a niche that they enjoy, such as a certain type of collectible, or a certain hobby, interest or sport.
If you take this approach, not only will you be happier doing that which you enjoy, but listing items will not become a "chore", it will be an enjoyable experience.
As eBay continues it's trend-line of massive growth, sellers must be increasingly aware of three things that will ensure opportunities for growth and success:
Ultimately, it is this extra awareness that will determine who the winners are in the game of Online Auction sales.
About The Author
David Espino is the Author of Beyond eBay and Life In The Dot Com Lane.
To receive a free excerpt from the book - Beyond eBay, visit www.HomeBasedBusinessowner.com
The Australian Financial Review
No buyers for Paddington terrace once owned by Malcolm Turnbull
The Australian Financial Review
There were plenty of onlookers and some buyers, but no one wrote a cheque at three auctions The Australian Financial Review attended on Saturday. Nearly 80 people turned up for the sale of 44 Goodhope Street, Paddington, once owned by former prime ...
Fitzroy terrace soars $340000 above reserve in Melbourne's 'Super Saturday' of auctions
A terrace house in Fitzroy soared $340,000 above reserve on Saturday as property sales in the inner suburbs got a shot in the arm from a surge in auction listings. The renovated Italianate balcony terrace, at 32 Gore Street, was quoted at $3.2 million ...
Value-hunters thick on the ground at Sydney's weekend auctions
The bidding at some auctions was slow and cautious. But young buyers, in particular, are engaging in wide-ranging research of price trends and swooping on any listing that looks like a bargain. Cunninghams' managing director John Cunningham said all ...
The Australian Financial Review
'Some resilience' in auction market amid spring surge
The Australian Financial Review
The spring housing market has shown a degree of resilience as a surge of properties flooded in, ahead of football and rugby finals next week. With 2,404 homes taken to auction across the combined capital cities this week, the preliminary results show a ...
Comcast outbids Fox in a $39 billion takeover of Sky
Comcast outflanked rival Twenty-First Century Fox in a $39 billion takeover of British broadcaster Sky on Saturday, submitting a much higher bid in a rare three-round auction that pitted two of America's largest media companies against one another. The ...
Comcast outbids Fox in auction for Sky valuing media company at £29.7bn
for immediate release - Investors
Comcast beats 21st Century Fox with $53bn bid for Sky in rare auction
Because of the auction's setup, a sealed-bid auction in which neither side knew what the other was bidding, Comcast paid £1.61 per share, or about 10 per cent, more than needed to beat Fox. Professors of game theory, the branch of math that studies how ...
Wall Street Journal
Comcast Beats Out Fox to Acquire Sky
Wall Street Journal
If Fox had won this weekend's auction for Sky, Disney would ultimately have taken 100% control of the pay TV company. Instead, attention will now turn to whether Disney will sell the 39% stake in Sky—its value has increased by the bidding competition ...
We're betting on India's middle market of art: Edward Gibbs of Sotheby's
Indian clients are spending more on art auctions these days, so it's “a good time for us”, says Edward Gibbs, chairman for Middle East and India at auction house Sotheby's. Gibbs, who advises private, corporate and institutional collectors worldwide ...
Stay Golden: Ford Mustang GT Gets Vegas Hockey Makeover For Auction
One of the best places to pay it forward is through auctions. Here, you'll be able to extend a helping hand, as well as bid for a valuable thing that could be close to your heart – such as this 2018 Ford Mustang GT that's customized to wear a golden armor.
'Boceto for Spoliarium' by Juan Luna sells for P63M at auction
Going once, twice, and it's sold. The recently unveiled "Boceto for Spoliarium" by Juan Luna on Saturday fetched P63 million at the Rigodon Ballroom as part of the "Important Philippine Art" of "The Well-Appointed Life" by the Salcedo Auctions. GMA ...
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Taxing eBay Part Deux
When my column on paying income tax on eBay profits ran it brought a wave of emails on whether you were required to report income earned from eBay sales to the IRS sparked a number of additional questions and comments from eBay sellers who were hoping that I could somehow validate that their eBay activities were mere hobbies instead of actual businesses and therefore not susceptible to IRS taxation.Several folks argued that just because their little eBay hobby generated a little cash, that didn't make it a full blown business.
Effective Online Car Sales on eBay Motors
Remember back when selling online was a new experience? Dealers tried everything to sell their vehicles online. Today's market has expanded to include several hot online marketplaces.
Start Selling On eBay - Getting Started On The Right Foot
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Your Junk is Another Persons Gold
Saving money can be quite hard to do if you are on a tight budget, but all of us can do it very simply by selling the things that are cluttering up our homes and which we no longer need. I am fairly sure that most of us, if asked, would like some extra cash to help pay off a loan or other debt, or to put towards something nice like a holiday or something else that you would like to save up for.
How to Locate Drop Shippers for Your Success
Like the human heart, drop shippers can keep the blood pumping in an internet business. Often, they can be the key to success for online retail businesses who do not wish to stock actual inventory.
Taking Paypal on eBay
Accepting Paypal as a payment method might increase your selling prices and your profits. This depends on what you are selling.
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Selling Effectively on eBay Motors
Remember back when selling online was a new experience? Dealers tried everything to sell their vehicles online. Today's market has expanded to include several hot online marketplaces but there is the largest online marketplace, eBay.
Professional eBay Auctions Reap the Profits for Sellers
eBay offer an unbelievable amount of traffic for ANYONE wanting to sell on their auction site, so much so that millions of items are listed on it everyday. So with all this competition how do you make sure that your listing doesn't get lost amongst the rest and that customers keep coming back to you.
The Powerful eBay Bidding Strategy That Claims A 99% Success Rate
Don't you just love it? You've found that special item on eBay that you've just got to have! No If's Ands or Buts, you've got to win that item. You've checked and double checked the "End Of Auction" time and date and you're at your computer, signed in and raring to go at least 30 minutes before the auction ends.
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Online auctions are big business. But they can be big headaches.
Learn How To Be A Successful eBay Seller
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Making Your Auction Business Stand Out From The Crowd
When my sons were growing up they started playing hockey when they were 6 years old. Each of them, in their first year, scored more goals than the rest of their team combined.
7 Simple Steps To Profit Without Your Own Product
Most people do not succeed on the internet because they are selling products no one desperately wants.If you want to be truly successful sell only things that people really really really want to buy!Sounds simple? It is.
Drop Ship Your Way to eBay Profits
One of the most difficult things to do when looking to start an online business is to find that elusive supplier that will supply you, put simply you need a source of real products to sell. Drop shipping is a perfect way to achieve this and lets you develop the perfect online business.
eBay is the Greatest Opportunity YOU Have to Create a Career Online
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How To Sell On eBay: The Money Is In The Back-End
Many people who sell on eBay completely neglect the follow-up process. They post an auction.
How I Was Nearly Conned On eBay
I am not sure how many people have had bad experiences on eBay, I hope not too many. I was having a great time on there until some man tried to defraud me out of £170.
Why 95% of All eBay Sellers Fail
eBay is now the 8th most visited site on the internet and it has just one purpose - sales. With 40 million visitors per month most eBay sellers are missing a golden opportunity.
5 Ways to Drive Traffic Away from Your eBay Auction
eBay is a one-stop solution to any one who wants to make money online. Whether you just selling a few unwanted items from around your house or your want to develop a work from home business, eBay removes many of the obstacles for you.
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