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Do you know how many people in US are earning their livelihood with the help of eBay? According to a new survey conducted on July 2005 by ACNielsen, a leading research firm, an astounding 724 thousand Americans respond that they rely on eBay for their main or supplemental income. Apart from these professional sellers, another 1.5 million people confirmed that they generate additional income by selling goods on eBay. Last year alone, around 150 million registered users have sold over US$ 34 billion worth of goods on eBay. Isn't it amazing?
Why entrepreneurs are flocking into eBay? Some of the reasons are quite apparent.
? Starting a business on eBay is easy and quick
? You don't require large investment
? Anybody can start an eBay business, no special skill is required
? You can sell virtually anything on eBay
? With your eBay business you can have flexible work time
? You have a ready-made market of over 150 million people and counting
? eBay get 1.5 billion page views each month. You get access to this massive traffic almost paying nothing.
So, there is no wonder that anybody with slightest penchant to have their own business will jump into this great opportunity. But, there are two major problems that many of the would-be eBay sellers encounter. The first is what to sell and the next is where to find it.
What to sell?
According to Forrester Research, a major research company, this year, categories with products purchased by women will have the most growth in online retailing. Some categories are already getting more than ten percent of their overall sales through the Internet, which include: computer hardware and software, tickets, travel, books, consumer electronics, cosmetics and fragrances, toys and video games, and flowers, cards and gifts. While choosing items to sell on eBay, you should also explore the features available on eBay and other places on the Internet that show items people search and items people actually buy.
eBay has a complete section called "Seller Central" dedicated to delivering utmost information to help you succeed in selling products through eBay. Two links from this section should interest you. One is What's Hot (http://pages.eBay/sellercentral/what'shot.html) and the other one is Category Tips (http://pages.eBay/sellercentral/sellbycategory.html).
When you go to the subsection 'What's Hot', check out the following three areas:
Hot Items by Category
This is a comprehensive report of categories, and products within a category by the ratio of bid to listings growth rate in PDF format. The report gets updated monthly and shows which products have increased demand in comparison to last month. Super hot products, for example, have over 35 percentage point difference between bid growth rate and listing growth rate. According to the latest report, by the way, Sunglasses for men, in particular Prada sunglasses are super hot.
This is another area where you can see the top ten searched categories, ten most widely watched auctions, list of stores with most active listings, and other cool stuffs on daily basis.
eBay Summer Catalog
This is a new subsection. It's a real catalog with pictures and average price of products. In each category of products there is a list of top ten summer trends. You, definitely, should check this out if you are planning to start selling now.
On the page "Category Tips" under each category you will see a link under the name "In Demand". This area will show you a list of ten most sold items of this category as well as most searched items for each subcategory.
You might also like to see what people buy on non-eBay part of the Internet. The Shopping.com Consumer Demand Index (CDI) (http://www.shopping.com/CDI/cdi.cmp) makes a weekly list of most sought after items. This list could give you the needed glimpse to the future market trend!
Where to find items to sell on eBay
Your own home
If you are just planning to start selling on eBay, your first option is to go through your attic, closets and garage. Find those long stashed items that you will probably never need. These may include: books that you will perhaps never read, CDs that you out grew, gifts that you received but did not like much, the list can go on! Take them out, brush them off and post them on eBay for sell.
Flea markets and garage sales
Every body knows that garage sales and flea markets can be real treasure troves! Well, now you can look at them from a business point of view. Your sales experience with own home items, hopefully, will help you understand what will sell well and what won't. Don't go for any costly items as yet.
Local liquidators and auctions
Classified sections of local Newspapers' week-end editions are good place to look for estate auctions. While buying items from local auctions determine what are you going to buy and for what price beforehand and stick to them no matter what! At an auction there is always a risk of getting carried away!
Go visit some local business liquidators. These are excellent places to find items for bargain price.
Drop shippers (http://ezine.rusbiz.com/article/39)
When a manufacturer, wholesaler, distributor or importer, after receiving an order from their retailers, individually pack and deliver the product to the customer of the retailer with retailers address as shipper, this selling technique is called drop-shipping. This is an excellent way to find products to sell on eBay. Drop ship source directory (http://www.worldwidebrands.com/wwb/?8188) is the place to go if you are looking for drop-shippers.
eBay itself can be a great sourcing place for you. Check out wholesale items and eBay business marketplace from your chosen fields. In order to find wholesale listing, while searching a product select "Items listed as lots". You can buy goods in wholesale and then sell them piece by piece and make decent money. Of course, you have to develop good knowledge of the products before doing this.
If your business has grown and you are considering importing products to sell on eBay, read my article "Importing Products to sell on eBay" (http://ezine.rusbiz.com/article/52).
The bottom line is there was never a better time to start a business. If you feel this is really your cup of tea, just go for it!
Nowshade Kabir is the founder, primary developer and present CEO of Rusbiz.com - a Global B2B Exchange with solutions to create e-catalog, Web store, business process management and other features to run a business online. You can read various articles written by Nowshade Kabir at http://ezine.rusbiz.com.
Following the retirement this month of former XLerate Group Auctions' Greater Kalamazoo Auto Auction owner and general manager, Eric Wagner was named ...
Oh, hello there. Did you go to Monterey Car Week this year? Did you have an opulent time? Did you drink opulent shooters, listen to opulent music? No? Good ...
The auction house achieved $76824740 in total sales and a 77 percent sell-through rate. Gooding & Company, the official auction house of the Pebble Beach ...
Former President Barack Obama's game-worn high school basketball jersey – nearly lost forever in the trash – has sold at auction for $120000.
SAN FRANCISCO, Aug. 20, 2019 /PRNewswire/ -- Chocolate, a global leader in programmatic video advertising technology, announced today the launch of ...
A Seattle man has auctioned off a basketball jersey believed to have been worn by former President Barack Obama while he was at a prep school in Honolulu.
The No. 23 basketball jersey believed to have been worn by President Obama when he was a high school senior sold in an online auction for $120000.
OCALA, Fla., Aug. 20, 2019 /PRNewswire/ -- HiBid.com sold more than $19.5 million (gross auction proceeds) of equipment and other auction goods in this ...
Europe's latest share trading platform debuted with a whimper this week as just 23000 euros ($25460) worth of stock changed hands in Monday's first closing ...
Class-action lawsuit against Ingham County maintains auction profits should go back to homeowners who lost property.
An incredibly rare dime once owned by late Los Angeles Lakers owner Dr. Jerry Buss sold for $1.32 million in a Chicago auction.
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
During his senior year at Punahou School in Honolulu, Hawaii, our forever President Barack Obama was a member of the 1979 Hawaii State Champion boys' ...
A Milky Way-themed oil painting by Chinese-French artist Zao Wou-Ki will be a star lot at a Christie's auction in Shanghai this September. The large-format ...
BAR HARBOR — The historic mansion East of Eden will go to auction on Sept. 7, unless sold beforehand. The mansion is currently listed for sale for $12.5.
Some of the artifacts going under the hammer include: the armor Russell Crow wore in "Gladiator" (valued at more than $36000); Jack Nicholson's axe from "The ...
The 58-year-old Hawaii native wore the uniform during his senior year, when his varsity basketball team took home the 1979 Hawaii State Championship.
Although Bonhams and RM Sotheby's added an early and extra day to the annual collector car auctions that take place during Monterey Car Week 2019, with ...
Resignation of one of the most senior Chinese executives in the auction world surprised art market insiders, and apparently Christie's staff; Wei is close to ...
In 2017, an anonymous buyer paid $450 million for Leonardo da Vinci's "Salvator Mundi." But it was down to Alex Rotter, on the other end of the telephone, ...
While previous buyers passed on 18 oddly shaped and nearly unbuildable tax title properties for sale at the county, a group of investors and adjacent ...
The Turkish Treasury borrowed a total of around 4.67 billion Turkish liras ($830.5 million) from domestic markets on Aug. 19, according to an official statement.
These are some of the most expensive cars that sold in Monterey, California.
A Sleepy Eye man's lifetime collection of farm equipment and more than 120 collector's vehicles sold Aug. 17 at his estate.
If you are one of the many creditors owed money by J Levine Auctions, it may have just become harder to collect anything.
Heritage Auctions has a collectible sports jersey up for auction through Saturday. As of Friday afternoon the bid was up to $62500. Sports junkies and.
For the wealthy collectors who converge from across the globe on Monterey Car Week, the biggest spectator sport over the weekend is the auctions.
Once listed for $1 billion, a 157-acre parcel of land in Beverly Hills known as the Mountain has sold at a foreclosure auction to its lender for just $100,000.
Fall Consignment Auction • 9:00 a.m.. Held at the Mid-American Auction Co. office and auction lot (home of the Hay Auction), located by exiting Interstate 94 at ...
Shakey Graves is auctioning off an art guitar designed by Carter Watkins to raise money for MyMusicRX, which brings joy to children with cancer.
Rows of damaged cars, slowly being scavenged for parts, sit in the 8-acre junkyard at the LKQ Pick Your Part site in West Humboldt Park. Mechanics shopping ...
The Monterey car auctions are a time of wealth and wheels. Here are the 30 most expensive cars being auctioned off this week.
Elvis Presley's pal Wink Martindale reveals why he 'broke down' after seeing The King for the last time. Radio personality and game show host Wink Martindale ...
This week's auctions appearing in the Aug. 16, 2019 Wisconsin State Farmer.
VALLE CRUCIS — The Valle Crucis Community Park will hold its annual auction —its single largest fundraising event of the year — on Aug. 24 at the Apple ...
Germany will auction a 30-year bond with a 0% interest rate for the first time on Wednesday, according to several media outlets.
Matthew Broderick and Alan Ruck weren't the only stars to appear in the classic 1986 film “Ferris Bueller's Day Off.” A shiny, red Ferrari lookalike all but stole the ...
There's a bumper crop of over 100 classic cars coming up for auction in Minnesota this Saturday. (VanDerBrink Auctions). The vehicles were owned by a farmer ...
Jack Nicholson's axe from "The Shining," Russell Crowe's armor from "Gladiator" and a lightsaber used by Samuel L. Jackson in "Star Wars" are among 900 ...
After a lifetime of accumulating, most of my generation is intent on simplifying, downsizing, unloading, disgorging —simply getting rid of stuff.
The town has been involved with the military surplus program for over a decade. A date has been set to auction off unused and unwanted equipment.
From a 1939 Porsche to two ferocious Ferraris from the '50s to a 1995 Vector M12, these are the best vehicles up for auction at Monterey Car Week 2019.
Phoenix, AZ (KNXV) -- It's been a passion of his for more than 50 years, and one he didn't think he'd have to part with so soon. “For some, it kind of makes you a ...
An auction house selling the jersey, which the former president is believed to have worn while playing in high school, says it could fetch that much when bidding ...
MONTEREY — Bentley Motors is in the brightest spotlight of Classic Car Week. It's 100 years old this year and some of its ancient offerings are among the ...
Marilyn Monroe costumes from 'Gentlemen Prefer Blondes,' 'There's No Business Like Show Business' and 'River of No Return' are among the 115 items that ...
For years, he was one of the biggest, plaidest things at the Minnesota State Fair. Now Paul Bunyan, all 17 feet of him, can be yours.
Elvis Presley not only liked peanut-butter-bacon-and-banana sandwiches, he also loved cars. The King owned more than 100 automobiles, including several ...
From metal, to siding, to lumber, and bathtubs, a lot is up for auction this weekend in Sapulpa.
A complete set of first-edition Pokemon cards from 1999 has sold for $107,010 at auction. The collection, comprising of 103 cards, was sold in mint condition and ...
A Utah businessman bought a 125-year-old dime for $1.32 million last week at an auction in Chicago. Only nine of these dimes still exist, according to CNN.
A super-rare 1994 McLaren F1 LM-Specification hammered for $19.8 million at the RM Sotheby's auction over the weekend in Monterey. Meanwhile, a 1965 ...
RIVERSIDE – Auction action with an artistic flourish continues this week to support the Riverside Arts Center, concluding at an exhibit reception from 5:30 to 8:30 ...
A rare pair of Nike sneakers with a storied history has just shattered auction records. Sotheby's auctioned off the Nike "Moon Shoe" for $437,500 Tuesday night, ...
An audio version of the draft strategy articles, sleepers, busts and player analysis from The Athletic's Fantasy Football Draft Kit. The audio draft kit also includes, ...
The restaurant is 3100 square feet and the banquet center is 2400. The combined property is appraised at $240000. The auction is Aug. 24.
A judge has ordered Collectrium to pay Heritage Auctions close to $1.8 million, bringing to a close the long-running data theft lawsuit filed by the Dallas ...
A Beijing skyscraper confiscated from a fugitive Chinese billionaire was sold in an online auction Tuesday for 5.18 billion yuan (US$734 million), the latest twist ...
For more than two decades, Alan Schurman's famous Iron Ranch wowed people of all ages with its extensive collection of historic machinery and relics of a ...
The Kenya Airports Authority has overseen auctioned planes abandoned at Nairobi's Wilson Airport.
OSWEGO — The annual Oswego County Tax Auction is set to take place Oct. 5, in Mexico, offering bidders a selection of approximately 120 foreclosed ...
President Barack Obama's game-worn high school basketball jersey went up for auction in Dallas over the weekend. The winning bid: $120,000, by a buyer who ...
Monterey, Calif., is about to greet tout le monde of car society. Billionaire collectors from Saudi Arabia will swan with Rodeo Drive real estate tycoons as they ...
The numbers for this recent lot at Goldin Auctions are eye-popping. Numerious records were set, inlcuding another Mike Trout highmark.
It was a wild week at Monterey. Perfect weather and amazing cars could be found around the peninsula, and it allowed our friends at RM Sotheby's to have a.
The legendary guitarist's black Gibson ES-345 prototype guitar is among the items from his estate that will go up for bid on Sept. 21.
Join the Hannibal Regional Auxiliary for the Sixth Annual Glitz Gala Jewelry Auction on Oct. 3, at the Hannibal Arts Council, 105 S. Main St.
This week's auctions appearing in the July 26, 2019 Wisconsin State Farmer.
Designer shoes, Rolex watches, and a Ferrari are among an estimated £2.3 million (US$2.8 million) worth of luxury goods seized from criminals that will be ...
Farm Retirement Auction • 10:30 a.m.. Having farmed our entire lives, we have decided to fully retire from farming and will sell the following at auction located by ...
KNOXVILLE, Tenn. (WVLT)-- The Signature Chefs Auction presented by Regal is an annual gathering of Knoxville and East Tennessee's most talented chefs ...
Patience and awareness are just two skills you'll need if you're going to come out of your Fantasy Football auction looking like a champ.
Some pig, indeed: One hog at an Ohio livestock auction fetched $15000, but the credit belongs to its 12-year-old owner.
Global dairy prices were largely flat at an auction early on Wednesday, but key product whole milk powder posted surprisingly strong gains on increased ...
By Jo Anne Embleton. firstname.lastname@example.org. Nearly a year following its official launch, a local faith-based ministry has an opportunity to own the ...
Brazil is set to hold its next auction to contract new electricity generation projects on October 17, in the so-called A-6 tender. The country has already held two ...
A pair of Duke-issued Nike sneakers worn by All-American freshman Zion Williamson last season fetched nearly $20,000 on an online auction website over the ...
The annual baked goods auction at the Somerset County Fair on Sunday raised $4700 for two local families — the Rexroths from Berlin and the Norris family of ...
Bidding soared to $3.5 million on Saturday for a 1970 Plymouth Superbird that Richard Petty raced in NASCAR and is billed by its present owner as the most ...
EDWARDSVILLE — The 1820 Col. Benjamin Stephenson House is seeking donations to the 18th Annual 50/50 Antique and Collectible Auction planned ...
This year's FFA auction raised nearly $4,980 for a Groton family. The auction, which is going on its sixth year at the Brown County Fair, and typically supports the ...
The 2019 Southport Firemen's Auction went off without a hitch Saturday, Aug. 17. The rummage sale doors were opened on schedule at 6 a.m., and not before ...
The Grant County Fair livestock auction paused for several emotional minutes Aug. 16 while auctioneer Trent Stewart read a letter by Taylor Parsons as the ...
Critics of President Obrador have called the auctions a populist measure.
After nearly two years on the market, a Gilded Age waterfront mansion in Bar Harbor located along a stretch of shoreline formerly known as “Millionaire's Row” is ...
A pair of unused Super Bowl tickets are expected to go for as much as $30000 in an auction.
A high school basketball jersey once worn by former President Barack Obama is up for auction.
Five tax-foreclosed properties were put up for auction in July and Clatsop County sold two of them, including a dilapidated house on G Road in Jeffers Garden.
Both auctions include a mix of homes, vacant land and commercial property in Lansing, outlying communities. And there are some that stand out.
A Utah businessman paid $1.32 million for a dime last week at a Chicago coin auction. It wasn't just any 10-cent piece; the 1894-S Barber Dime is one of only 24 ...
California-based shop Iconic Motorbikes is already well-known for quality work and sales. Now they're doing online, trusted bike auctions.
The King continues to reign, this time in the form of his 1976 Harley-Davidson which promises to (possibly) set a world's record at auction of between $1750000 ...
The Missouri State Fair celebrated Youth in Agriculture Day Saturday, Aug. 17. The annual Sale of Champions highlighted the day, raising $156300. Proceeds ...
Come to see the classic cars. Bring your checkbook and you may go home with one or two. Classic Car Week not only offers a number shows and events, ...
Elvis Presley's last motorcycle, a 1976 Harley Davidson 1200 Electra Glide, is going to auction later this month and could smash the world record price for a ...
Three major trucking carriers are looking to sell, sources in the investment banking and mergers and acquisitions advisory world have told FreightWaves.
The Apache Livestock Auction, Apache, Oklahoma, reported 944 head of cattle selling on Aug. 15, compared to 1283 head on Aug. 8 and 1402 head a year ago, ...
The Bar Harbor mansion known as 'East of Eden,' is about to go on the auction block.
900 items will go under the hammer in September in a massive auction of movie props. The collection is expected to fetch a total of £6 million ($7.3 million).
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