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.
But right now maybe you’re wondering, what do I do next? Apart from getting rid of the clutter around your house, 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.
To create these types of systems, there are some great tools available to you as an eBay seller. These tools free you from some of the mundane tasks, so that you’re not always sitting in front of your computer. It’s a great feeling when you check your account in the morning and find that you made money while you slept!
Here’s a couple more tips: Buy products that sell. Of course not everyone has the money to buy a truckload of products, but you need to get started and you can get started small. The key here is to do your research beforehand. What is already selling on eBay? Where could I buy it less than the current eBay price? What products are hot? How do I find them? Well…
Keep Your Finger On The Pulse. If you want a quick, birds-eye view of what people are looking to buy on eBay, check out http://pulse.ebay.com. On this page, eBay lists the top 10 most searched for items in each category, along with the most watched items. In addition, eBay displays the top 5 largest eBay stores so you can quickly spot the latest trends. Right now, the largest eBay stores are selling media items, such as books and music. These categories obviously have some strong sellers.
The eBay Pulse is a great tool to help you start identifying what is most often searched for on eBay, and what the buyer is looking for. Type those highly searched items in to the search bar and see how much competition there is. Once you find an item that is highly searched for but has a low number of competitors, you know what you should be trying to find to sell.