PROPER RESEARCH IS AN ABSOLUTE MUST
Research requires due diligence on your part, spend time with research. You must know the average selling price on eBay of the product you have decided to sell. On the main search page, located to the right of the search button is an [Advanced Search] button. Next, open the Advanced Search link, enter a keyword(s) for your product.
What you do next is by selecting your related category, then the completed listings link, then search. You are now seeing on your monitor closed auctions for products you are considering selling. Green means a sold product. Red means an auction item that did not sell. Black means the product did not sell, and was originally listed as a Buy it Now listing. Forward this critical data to a spreadsheet such as Microsoft Excel.
SHIPPING IS ANOTHER CRITICAL STEP
Shipping is definitely a very sensitive subject with regards to eBay purchases. In years past, many sellers would give a good price on the product, then gouge on the shipping fees. Free Shipping many times will get your product noticed and respected. And the buyer will come back for more products later on.
Compare Shipping Fees when doing research, notice the Free Shipping items, or Reasonable Shipping priced items will do better overall than Unreasonable fees. Know what your shipping costs will be to ship the product then allow for it in the selling price. Just consider it the cost of doing business.
BASIC ECONOMICS: SUPPLY AND DEMAND
Regardless of the type of deal your supplier may offer you, if your item does not have a demand currently on eBay, it probably will not sell. If someone is offering 50 Harley Davidson Novelty lamps for $25.00 each, and out of the last 50 posts only two have sold for $28.00 each, you may be stuck with some lamps in the near future. Or, worse have to unload them at a loss to clear your inventory.
Many successful eBay PowerSeller recommend when starting out, is to have a Wholesaler Dropship products for you. Dropshipping is when you post a product, sell it, collect the money, then a Wholesaler ships the product for you. You do not have to stock any product and are not in danger of having obsolete inventory. When using a Wholesale Dropshipper make certain they are legitimate. I say this because many retailers, pose as wholesalers, giving a small discount from retail. You are only dealing with a middleman, not a true wholesaler, which is costing you profit. Google Wholesale Sources, or Dropship Wholesale, compare pricing and make certain you are truly dealing with a wholesaler.
Research requires due diligence on your part, spend time with research. You must know the average selling price on eBay of the product you have decided to sell. On the main search page, located to the right of the search button is an [Advanced Search] button. Next, open the Advanced Search link, enter a keyword(s) for your product.
What you do next is by selecting your related category, then the completed listings link, then search. You are now seeing on your monitor closed auctions for products you are considering selling. Green means a sold product. Red means an auction item that did not sell. Black means the product did not sell, and was originally listed as a Buy it Now listing. Forward this critical data to a spreadsheet such as Microsoft Excel.
SHIPPING IS ANOTHER CRITICAL STEP
Shipping is definitely a very sensitive subject with regards to eBay purchases. In years past, many sellers would give a good price on the product, then gouge on the shipping fees. Free Shipping many times will get your product noticed and respected. And the buyer will come back for more products later on.
Compare Shipping Fees when doing research, notice the Free Shipping items, or Reasonable Shipping priced items will do better overall than Unreasonable fees. Know what your shipping costs will be to ship the product then allow for it in the selling price. Just consider it the cost of doing business.
BASIC ECONOMICS: SUPPLY AND DEMAND
Regardless of the type of deal your supplier may offer you, if your item does not have a demand currently on eBay, it probably will not sell. If someone is offering 50 Harley Davidson Novelty lamps for $25.00 each, and out of the last 50 posts only two have sold for $28.00 each, you may be stuck with some lamps in the near future. Or, worse have to unload them at a loss to clear your inventory.
Many successful eBay PowerSeller recommend when starting out, is to have a Wholesaler Dropship products for you. Dropshipping is when you post a product, sell it, collect the money, then a Wholesaler ships the product for you. You do not have to stock any product and are not in danger of having obsolete inventory. When using a Wholesale Dropshipper make certain they are legitimate. I say this because many retailers, pose as wholesalers, giving a small discount from retail. You are only dealing with a middleman, not a true wholesaler, which is costing you profit. Google Wholesale Sources, or Dropship Wholesale, compare pricing and make certain you are truly dealing with a wholesaler.
About the Author:
Johnathan Z Moore has been enjoying Internet Marketing since March 2001. To help your success on eBay, he is offering his eBay Mini Course at No Charge. Get this information now FREE 7 Day eBay Success Mini Course Your one stop shop for Pre-Screened legitimate Suppliers follow this link Wholesale and Dropship Sources
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