I want to start an Online Ebay Business, what should I sell?
Hi: i want to start an online ebay business. I want to sell small-medium items at not to expensive prices. What sells good on ebay. Also I want my business to be selling stuff everyday. Thanks!
Public Comments
- eBAY loves you. The buying world will basically ignore you. fact, 95% of ebay vendors earn profits of less than $5 per hour. Minimum wage is higher!
- Ebay used to be the best place, but from what you want to do, i.e sell low priced items, EBay's fee structure will kill your business before you start. Try www.ebid.net you can list there for free and they have been going since 1999. You will need to put work into your business to make it pay, and it wont happen overnight.
- Hi Matt, If you want to sell small to medium items and not too expensive, chances are, you are not going to make money on ebay.The running around you are going to be making with very tight margins will be the death of you.However, you might take a look at http://www.frizedynamics.com/ebayinfostore/ and you will be able to have your very own ebay info store and will not involve you making trips to the post office.It might also help looking into drop shipping.If you know about dropshipping then that is a start,if you don't, have a read about it at http://www.frizedynamics.com. Matt, try to think about niches.First of all, there is no chance on God's earth that you can compete with the big guys on ebay.If you are passionate about something,try to find an angle whereby you will be able to monetize the situation.Think outside the box,don't try to sell to the whole world,find the niche that you can present to the world either through ebay or your own site.Keep your eyes peeled when you are about your local stores,there could be bargains that you could exploit on ebay.Whatever you decide to sell, i hope its a prosperous one. Don't even think about competing with the big guys on ipod and nintendo because they buy in bulk and have the contacts.Find your niche. Good luck Matt
- I recommend keeping an eye on the items that sell each day. One way to do so is to watch the ebay auctions found at http://www.buyitnowauction.com and see which one's are selling the highest
- I am an ebay powerseller and I have found it very difficult. However, I set myself a budget say $100-$200 a week and I target garage sales that I find on craigslist and the local newspaper...I use a nav system to save me time. I have been able to scrape by a living by buying low and selling high. The trick is to know what to buy and that just takes common sens and research. I also supplement it by taking higher items in on commission. You have to treat it as a business...set hours..set schedule...if you dont you are done before you start. The drop-shipping companies I have looked at have all been high..really high...they say it is a wholesale price...whatever!! They are charging you a slightly discounted retail..on products that will sell right at that price or right below and then they charge inflated shipping which you have to either have to pass on or absorb. Its not worth the fee to sign on. There is nothing like buying something for a dollar and selling it for $200...best turn arounds are old collectibles...and vintage books..(first edition famous books..they are more common than you think.) Good luck.
- Sell what you know A LOT about. Otherwise eBay will chew you up and spit you out. Don't just sell any ol thing cause it's medium sized. Customers who know more than you will take advantage of you. Like the guy said above me : Research! Otherwise you're doomed.
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