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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.
BRONSON — Saturday IndyCar race fans and local fans of Scott Brayton, will get a chance to own a piece of history.Brayton, a Coldwater native, participating in ...
A mint condition original copy of Super Mario Bros. for the NES has sold for a whopping $100150 at an auction, making it one of the most expensive games ever ...
America's first gold rush took place in the Piedmont area of North Carolina and Georgia in the 1820s and '30s. The expanding economy of the region.
Taxpayers continue to spend millions of dollars to address vacant or abandoned properties in foreclosure [“$9M for 'zombie' homes,” News, Jan. 28].
Local auctioneer David Hall, who ran two local consignment companies, has been hit with another lawsuit regarding the operation of his National Book Auctions ...
Although Michigan law prevents government officials from participating in foreclosure auctions, the family of Wayne County Treasurer Eric Sabree took part in ...
With another round of January auctions behind us, we can now get a better look at how collector cars are selling and marvel at the prices they command.
32 Auctions in this week's paper. ** Indicates an auction ad appearing in this issue of the Wisconsin State Farmer. FRIDAY, FEBRUARY 15. Coleman, WI.
LAS VEGAS (KTNV) — Clark County's first government surplus auction of 2019 is just around the corner and the preview and pre-registration begin next week.
Bad weather continued to adversely affect some of Manitoba's cattle auctions during the early part of the week ended Feb. 8. Strong winds whipped up snow.
Did you forget to get your Valentine something? Or maybe your Valentine's Day present didn't hit it out of the ballpark? The federal government might be able to ...
Q: Hi Greg and I enjoy your columns and also watching the Mecum and Barrett-Jackson auctions on TV. I remember you once said you felt that the prices paid ...
Every auction is different, of course, but Scott White says it wasn't so surprising to see owners go aggressively after starting pitching in this one.
While working for the U.S. State Department some 20 years ago, Melvin Gamble was assigned to South Africa. Settling into their new post, Gamble told his wife ...
EUR/USD may be watching the Eurozone's industrial production data. Bond auctions in Italy and Germany will also be a key event to monitor as EU.
Here's a chance to own a piece of Rhode Island nightclub history. Items from Mardi Gras, JR's Fastlane, Mustang Sally's and Club 5 in Cranston are being sold ...
An auction Saturday in Lexington will offer artifacts tied to the family of Mary Todd Lincoln, the wife of the 16th president, including items once belonging to a ...
As politicians are poring over old yearbooks for any old indecencies, the College of William & Mary has started to do the same. College spokeswoman…
Officials say the vehicles come from places such as the Bay County Sheriff's Office, the Franklin County Sheriff's Office, and the City of Parker.
ROCHELLE — A vendors and crafters quarter auction will be held on Thursday, March 7 in Rochelle and proceeds will benefit the Vince Carney Community ...
Sacramento based artist David Garibaldi has been opening for KISS since they kicked off their world tour in January.
State Senator Monty Mason's fraternity, Pi Lambda Phi, was among Greek organizations to hold a "slave auction" as a fundraiser.
Most of these six Porsche 911 variants from the 1970s sold for low six figures, but those prices may soon pale as demand accelerates.
Year-on-year, the innovative auction firm doubled the number of European sales in 2018 LONDON, Feb. 15, 2019 /PRNewswire/ -- Luxury global property ...
Stunning Coin a Historic Trophy of American Numismatics Legend Rare Coin Auctions is honored to have been consigned and is proud to offer one of the.
When Virginia Senator Monty Mason '89 (D-Williamsburg) was an undergraduate at the College of William and Mary, his fraternity — Pi Lambda Phi ...
BOSTON (CBS) – Somehow, didn't you think that Durgin Park would be around forever? After all, it's been serving food in Quincy Market since 1827. Actually ...
ST. LOUIS COUNTY – More than 90 properties were featured at the tax forfeited land auction at the Shriner's center in Hermantown. These auctions happen ...
The first 5G airwave license auction ended with the Federal Communications Commission receiving total winning bids of $702 million.
Riley Dolan's dream was to become an auctioneer.
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Art from the Red Bank, Skerries and a boudoir grand piano.
Copart, an online auto auction business, has bought a former auto auction property in the Town of Evans for $3 million. Copart purchased the former home of ...
Mario Klingemann's “Memories of Passersby I” generates portraits using neural networks. But that's not what makes it art.
Mexico's renewables sector is reeling from the cancellation of an upcoming clean energy auction and the likely handing of power back to state entities.
Developer Michael D'Alessio, who pleaded guilty to fraud charges in November, sold multiple dev projects at bankruptcy auctions over the last few months.
Global wine auction sales at Sotheby's rose more than 50 per cent to US$98 million in 2018.
What: Antiques Auction. Where: Coral Gables Auction; 8500 SW 8 St. #256, Miami, FL 33144, United States. When: February 25; 08.00 pm GMT. Top lots of the ...
There were no official bids for the 140-year-old ship, the only surviving iron-hulled, four-masted ship of its kind in the world. Read More ...
Contracts and personal documents of some of baseball's greatest players are up for auction this month in New Hampshire.
NEW DELHI: Auctions for commercial coal mining may not take place soon as the country is entering the election mode, said a senior government official.
SCOTTSDALE, AZ (3TV/CBS5) -- More than 20 artists from the Scottsdale area are coming together this weekend for an art show that benefits a very worthy ...
We have the full 2019 mud sale season schedule for you. Take a look!
Online auctions are a great way to snag unique items, so we've compiled a list of 9 online auction sites that work similarly to eBay but offer a unique way for you ...
Georgia Tech women's basketball will host its annual Pink Game this Sunday, Feb. 17.
This Valentine's Day weekend, Oakland is brimming with family-friendly activities -- including a love-themed art exhibition hosted by young creatives and a ...
Most law enforcement auctions feature rather dull vehicles, but a 1991 Ferrari F40 seized from a California millionaire hammered sold this week at a U.S. ...
New Jersey Board of Public Utilities : * New Jersey regulators on Thursday approved the results of the state's 18th annual electricity Basic Generating *Service* ...
Last year, a Ford GT sold for $1.8 million at a Mecum Auction despite Ford requiring owners to keep their cars for two years. That won't happen again.
Sunday is the last day of the Barrett-Jackson auction and will feature the last round of high-powered collector cars.
WOODLAND — There's a lot to admire in The Columbian's offices.
The official auction of the FUN Convention was conducted by Heritage during the middle of January at the Orange County Convention Center in Orlando, Florida ...
While 2018 was a volatile year for Wall Street, it was a winning year for wine auctions. Bidders paid record prices for a host of rarities ranging from Domaine de ...
Contracts and personal documents of some of baseball's greatest players are up for auction this month in New Hampshire.
BENNINGTON — The School of Sacred Heart St. Francis de Sales invites everyone to this year's Wintertastic Celebration and Live Auction, on Saturday, March ...
Wayne County Treasurer Eric Sabree embraced two separate county reviews of his family's property purchases from his office's tax auction, he said in a ...
Everything must go, and go it will, when auctioning begins Saturday at the closed–down Mardi Gras nightclub in Cranston.
HERMANTOWN, MN (KDAL) - It was another successful Tax Forfeited Property Auction from St. Louis County on Thursday. 17 tax forfeited parcels sold for over ...
The Spenger maritime collection went to auction this past weekend, but the rarest items, including a 34.29-carat diamond and a rare Japanese vase from the ...
NOTICE IS HEREBY GIVEN that the following individuals are indebted to IncaAztec Self Storage for past due rent and other charges: ALEJANDRO BROWN, ...
Christie's is auctioning off a heart-shaped meteorite that crashed into Siberia's Sikhote-Alin mountains on Valentine's Day.
Arizona's collection of classic car auctions sold $251 million worth of cars during the past week, a total up about 1.2 percent increase from the previous year.
LIMA — The Shawnee High School Band Boosters will hold a quarter auction at 1 p.m. Saturday, Feb. 16, at Apollo Career Center, 3325 Shawnee Road, Lim.
For less than the estimated $50 million it would cost to buy a draft of America's Declaration of Independence, autographs of virtually all the 56 signers are going ...
The Rotary Club of China Lake will host the annual Scholarship Dinner and Auction on Saturday, March 18, 2019. This is the major fundraiser for the ...
New Holland, Pa .Feb. 14, 2019Report Supplied by USDA.
RITTMAN — Rittman All Sports Booster Club held its second annual cake auction on Feb. 2, during the boys home basketball game, and it turned out to be even ...
Woodmere estate in Ligonier, once listed for $7.5 million, sold for under $5.2 million at a no reserve auction held in Chicago.
A piece of President Donald and first lady Melania Trump's wedding day could be yours, as a wedding cake favor from the couple's January 2005 nuptials has ...
A German auction house has been forced to pull several paintings attributed to Adolf Hitler just days before they were due to be put up for sale.
Georges St-Pierre has parted with one of his many UFC championship belts, but not without cashing a hefty check. The Canadian Museum of History revealed ...
France Italy cross border power capacity values for March rose 17% year on year to Eur7.47/MWh the highest in six months in auctions held by the Joint ...
Beach Hardware, a generational business and fixture in Buckroe Heights for six decades, has cut its last key, sold its last fuse. The business, which had not been ...
Music lovers from all around will gather at Nuçi's Space on Saturday, Feb. 16, from 1- 4 p.m. for the Drive-By Truckers' homecoming pre-party and silent auction.
One of Arizona's priciest homes — a 31000-square-foot Paradise Valley mansion listed for $35 million — drew a top bid of $14 million on Jan. 31.
David Gilmour's 1969 Black Fender Stratocaster has earned its place in rock'n'roll history. Known as 'The Black Strat', the guitar was purchased in 1970 at ...
Five paintings believed to be created by Adolf Hitler failed to sell at a German auction amid public outrage and accusations of forgery over the weekend.
Five paintings purportedly made by genocidal dictator Adolf Hitler failed to find any buyers at a weekend auction in Nuremberg, Germany, amid concerns about ...
A lock of hair from founding father George Washington is set to go up for auction next month and experts believe it could fetch a pretty penny.
The infamous black Ferrari F40 crashed long ago and then put back together by Gas Monkey Garage has just sold again—though this time it traded hands at a ...
A four-bedroom, six-bathroom home in Kennedale is set to hit the auction block without reserve. The Tarrant County estate is spread over 4.97 acres and is ...
After being “temporarily suspended” in early December, Mexico's fourth long-term energy auction has been cancelled. The government said the action was ...
Attendees of the annual Hosparus Health of Central Kentucky Tea and Auction will be able to sip, bid and decorate for a good cause next month at Pritchard ...
SAT., FEB. 16 - 10 a.m. at Indian Springs Golf Course, 21347 IL Rt. 185, 6 mi. E. of Coffeen, Fillmore. Coin auction feat. gold, silver, key dates, complete sets ...
Sotheby's New York announced today that its Contemporary Art Evening auction this May will feature an important work from the collection of the San Francisco ...
Plus, the New Orleans Museum of Art acquires 26 new works for its sculpture garden, and an Ebony G. Patterson tapestry joins the Pérez Museum of Art Miami ...
Six Flags AstroWorld memorabilia auction opens up to public.
A Feb. 16 auction will benefit the Pregnancy Resource Center of South Central Missouri.
A souvenir wedding cake from President Trump and first lady Melania Trump's 2005 wedding was bought by an artist last week for $1800.
Owner Brad Grant said the four majority owners of Atlanta are united in selling the star trotter on OnGait.com in the hopes of retaining her without her troubled ...
Browse and find rare collectible Urban Art in upcoming auctions featuring artists such as Shepard Fairey, Banksy, KAWS and Mr. Brainwash. Use our extensive ...
The Bridge Teen Center is to hold its annual Chefs' Auction fundraiser on Thursday, March 7, at Orland Park's Silver Lake Country Club. All money raised is to ...
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