Saturday, May 29, 2010

How to Find Your Niche Market on Ebay

Many of us dream of working from home by selling products on eBay. But what would we sell? And how would we know if a market exists for the items we have? To avoid listing items that nobody wants, or items within an already flooded market, some research is in order. The goal of this research is to find your niche on eBay.

Many eBay sellers provide their goods within one niche. Others have a handful of niches that they specialize in. The key is to find a group of products that you're already familiar with. Perhaps you've been a collector of antiques for many years. If so, you probably know when you come across an item that could potentially sell for a good amount of cash. Likewise, you have a good idea of which items are likely to collect dust on your shelves. You can put this knowledge to work for you on eBay. Your expertise with antiques gives you an edge over many competitors.

Once you have a good idea of the niche you wish to fill, it's time for the second half of your preliminary work. Start a spreadsheet that lists the different types of items you would like to sell. Then add a monetary value to each entry. This reflects how much you can expect to purchase the item for. Be realistic; you want to lay out an accurate portrait of how much money you will be spending to build up your inventory. Optimism won't help in this circumstance.

Expand your spreadsheet to include other niche markets, just in case. These can be items you enjoy working with, have expert knowledge of, or something you've always had an affinity for and think you could be successful with. Remember: no matter what your niche is, someone will buy from it as long as you list quality items at reasonable prices. Estimate the initial cost of each item, including shipping and sales tax. Then prepare to immerse yourself in eBay as your research begins in earnest.

Go to eBay and search through the completed auctions. This allows you to see the actual price that items similar to yours have sold for. Is the average price something you could live with? Remember to factor in shipping costs. Also, pay attention to the quality of the sold items when deciding whether this niche is something you wish to pursue. Items in “mint” or “like new” condition will bring considerably higher prices on eBay than worn, scuffed items.

Now reflect on your findings. Did the completed eBay auctions fetch your target price, or were the closing bids uniformly low? Did any of the items fetch a surprisingly high amount? If you were unimpressed by your findings, go back and consult your spreadsheet; it’s time to start researching another niche.

If your observations were mostly positive, you may have found your eBay niche already. In that case, go out and start building up your supply. Don’t go overboard; you’re still in the testing phase. Purchase a dozen or so items at fair prices. Then list them on eBay.


For many sellers, waiting is the hard part. But you’ll need patience for this phase of your niche-finding project. Monitor your listings and see how they perform. If they do well, you can build up your stock even more and increase your listings. If they don’t quite live up to your expectations, you can go back to square one. Pick another niche from your spreadsheet and start researching it.

The key to finding your niche on eBay, as with many challenges in life, is simply to never quit. If you have a wide variety of interests, you’re more likely to find a profitable niche that you will enjoy filling. Think of all the things you enjoy doing, making, or collecting. Then come up with a list of ten items related to each. This sort of brainstorming is a sure-fire remedy for pushing past your seller’s block. Let your imagination roam, and you’ll carve out your eBay niche in no time.

Be sure to sign up for Item-Alarm.com -- It's FREE!  Automate your searches and win more bids.

Scouting Local Auctions & Classifieds for Products to Sell on Ebay

If you have never sold products on eBay before, I would suggest that you start with your own household items that you are ready to part with. You probably have things in storage, items in the back of your closet, or things you don’t use anymore. You can generally get a lot more for them on eBay than you can by having a yard sale.

Once you get your feet wet with the selling process, and exhaust your personal resources, you can look to local auctions for more products to sell on eBay. Many local auctions specialize in property, personal estates, antiques, Nascar and other collectibles.

Sometimes you can even find large lots of inventory or product types, and purchase the entire lot for a discount or wholesale price. You can then sell the products individually through online auction, and flip your investment into a nice little profit.

How do you choose which products to buy, and how much should you bid?

The goal is to buy low and turn a nice profit. What I have done in the past, and would highly recommend, is that you team up with your spouse or with a friend. One stays at the computer while the other attends the local auctions, and you stay connected by cell phone. You want to keep your method under your hat by the way, so step outside to make the calls or be as inconspicuous about text messaging as you possibly can.

When you find a product that you are interested in, or that you think may do well on eBay, make a note of the model number or any specific product information. Pass this on to your "invisible partner" so that they can research the product for you.

They can look up the product to see how well it has sold on eBay in the past, and the price range that it usually brings as a high bid. This helps you to bid more accurately at the auction, instead of guessing at how well it will do online and bidding in the dark.

Your partner will need to be quick on the keyboard and familiar with eBay. You need to know how many auctions are currently running for that item, and whether the market is already flooded with sellers. They can also search the Completed Auctions to see what the high bids were when the most recent auctions ended. After a few trial runs, you can get your teamwork down to an art.

Without this Invisible Partner you may bid too high for an item that brings a lower price on eBay, or that doesn’t sell well online. Unless you know your product, and know your market (super well), it pays to have someone checking on things behind the scenes.

You can usually find out about Local Auctions by checking the newspapers. There is also a great site called http://AuctionZip.com where you can find live auctions in your area as well. All you have to do is put in your zip code, tell it how far you are willing to travel (within 30 miles, for example) and it will give you a calendar of auctions in your area.

A quick search at AuctionZip.com tells me that there are 9 local Auctions going on in my area this weekend (and I live in a very small town). Some of them are for properties, others are entire personal estates (ie estate auctions), and some of them specialize in antiques & collectibles.


Another great place for bargains is the local classified ads and online classifieds like Craigslist.com. When people are moving or just doing some spring cleaning, they often resort to classified ads to dispose of some of their unwanted or unneeded items at bargain prices.  A great tool for finding these bargains on Craigslist.com is a FREE service called Craigs-Alarm.com. Craigs-Alarm allows you to enter search terms or phrases of items of interest to you and as soon as an item that matches your search perimeters is listed, you are notified by email.  Getting to these bargains early is the key to making a profit.

When you tap into these resources and get a system down for buying smart, you can flip products from one auction to another for an easy profit!

Friday, May 28, 2010

How You Can Use Completed Searches to Your Advantage

Are you an eBay seller? If so, are you successful at what you do?  Perhaps, the better question to ask yourself is if you are making a profit selling on eBay?  If you aren’t, there are a number of steps that you can take to increase your chances of making a sale.

When it comes to improving your chances of making a sale on eBay, your first impulse may to be change the way that your eBay items are listed for sale.  For instance, it is often suggested that you upload detailed pictures of your items, provide detailed descriptions and such. While you will want to try doing so, you will also want to focus on the items that you are trying to sell.  Your problem, with making a profit on eBay, might be the items that you have listed.  If you have a poor quality item, you may not be able to sell it, but you would still be responsible for paying your eBay fees.  In this case, you will not only be unable to make a profit, but you may also end up losing money.

When it comes to knowing which items you can profit from selling on eBay, there are many sellers who think that it is impossible to do.  While it may seem impossible, it isn’t.  Before actually trying to list a particular item for sale online, like an old music CD, you can check to see if that item has been sold on eBay before.  If that particular item was sold before, you can also figure out exactly how much money it sold for!  This will give you a good idea as to whether or not it would be worth it for you to spend the time creating your auction listings and paying eBay’s fees.  Although the decision as to whether or not you still want to post your item for sale is yours to make, it may give you inside information; inside information that you will want to take into consideration when making your decision. 

To perform a search of completed auctions, you will want to perform an advanced search. The link to the advanced search form can be found by eBay’s traditional search box.  The only thing that you will to do differently is check the box labeled “Completed Listings Only.”  Your results will include auctions that meet your searching criteria, but that have already been completed.  If an item sold, its price will be outlined in green print. If an item did not sell, the asking price will be outlined, but in red print.  As previously stated, performing an eBay completed search gives you the ability to tell whether or not you have a good seller on your hands. 

In fact, you can not only use a completed listing search to determine if an item you already have is worth money, but you can also use this eBay tool to help you make money.  If you are like many eBay sellers, there is a good chance that you are always on the lookout for great deals, bargains, or antiques.  Familiarizing yourself with popular eBay items, ones that can be considered “hot sellers,” is a great way to make yourself a profit on eBay.  Should you have the ability to do so, you may want to have a partner at home looking up eBay completed listings, while you are out shopping for items to sell at yard sales, flea markets, or thrift stores.

Performing an eBay completed listing search will only take a few minutes of your time.  Despite only taking a few minutes of your time, eBay completed searches can help you make money as an eBay seller, not lose it.

Tips to Help Your eBay Items Sell

Are you an eBay seller? If you have been looking for a relatively easy way to make money, there is a good chance that you are.  Different individuals use eBay, but many use eBay to make a little bit of extra money or even to financially support themselves and their families.  If you are an eBay seller, how is everything currently going?  Are you making as much money as you had hoped to?  If not, you will want to continue reading on; as some tips are outlined below on how you can help to make sure that your eBay items sell.

When it comes to buying items on eBay, there are many eBay buyers who are the lookout for eBay scams.  Before purchasing an item, one of the first things that an eBay buyer does is check the feedback of the seller.  Doing business with a highly rated and recommended eBay seller reduces or completely eliminates the chances of getting scammed on eBay.  Feedback helps to give you a good reputation, but there is something else that can help you get a good reputation too, an “About Me,” page.  This is a page where you are able to introduce yourself and give a little bit of background information about yourself or your eBay business.  “About Me,” pages are optional, but there are a number of benefits to having one.

Once an eBay buyer has learned that a seller who has an item that they want for sale is a reputable one, they will then continue to examine the product being sold.  This is where your biggest chance of making a sale comes in.  First, you will want to make sure that your products are being sold at a fair price.  Keep in mind, when making your auction listings that you want to make a profit, but you don’t want to scare off any potential buyers with high prices.  Just making sure that your prices are reasonable is enough to increase your chances of making a sale.

Secondly, you will want to make sure that you accurately describe all of your items that are being sold.  For instance, if you are selling a lot or a group of childrens toys, you may want to take the time to list the names of each toy being sold.  Outline the condition that each toy is in as well.  If you are selling toys that require batteries, you may want to state whether or not the batteries are included.  Providing a detailed, accurate description of all of your items will definitely increase the chances of them selling.

In addition to a detailed description, it is also important that you have pictures of your items.  eBay allows you to post one free picture, but more can be posted for additional fees.  Don’t let these additional fees deter you from posting additional pictures, as they are likely to increase the chances of making a sale. In fact, you may want to look into free photo sharing websites, such as PhotoBucket, as they allow you to post additional eBay pictures for free.  When taking pictures of your eBay items, you will want to make sure that you take a number of close-up pictures.  Also, make sure that the pictures are easy to see and that the lighting is good.  Having poor pictures or no pictures at all is one of the many reasons why many eBay items go unsold.

The methods of payment that you accept may also have an important impact on how well your eBay items sell.  One of the most common forms of payments used, to pay for eBay purchases, is PayPal.  The reason why PayPal is so popular is because it enables shoppers to buy items from you, without having to disclose their account numbers.  If you aren’t already accepting PayPal, you will want to look into doing so.  Although most eBay buyers use PayPal, you will also want to remember that not everyone does. For that reason, you may also want to accept other methods of payment, including money orders or personal checks.  The only thing with personal checks is that you may want to wait until the check clears before shipping the buyer their merchandise, especially with large purchases.

By implementing the above mentioned eBay seller tips, you may start seeing an increase in your eBay sales, even right away.  In all honesty, you need to think of it from a seller perspective.  Look at your auction listings; would you buy what you were selling?

Learn To Make Money On eBay by Jeff Schuman

So you want to sell stuff on eBay, but you have two minor problems: you don't know how and you don't have stuff. Not a problem. Keep reading for some tips to get you pointed in the right direction to learn to make money on eBay.

Before you begin you’ll need some basic equipment: Computer, Internet access, digital camera, and some space to put your stuff. That’s really all you’ll need to get started. You’ll also need shipping and packing supplies but that is addressed later.

Next you’ll need to learn how to list auctions. Go to the eBay sellers overview:
http://pages.ebay.com/education/sellingtips/index.html. This will be your lifeline. There is a plethora of information there on everything you always wanted to know and more. Don’t be overwhelmed; just take it one step at a time. You’ll see there is information on listings, on bidding, on photos, on feedback –
it’s all there.

Next you’ll need to figure out what to sell. Before you zero in on a particular niche you need some experience and some feedback. Buyers are generally leery of buying from someone who is brand new and has a feedback rating of less than 10 evaluations. While you are getting your feet wet, look around your own house first. You’d be amazed at what people buy. You could list outgrown clothing, magazines, candle holders, CD,
books, flannel sheets, recipes, the ugly old lamp that was Aunt Mildred’s, all those goofy Christmas gifts sitting in your basement, that old baby gate with a stain on it. Get the idea? You never know what someone will want.

Although you need experience, you don’t want to list something that isn’t likely to sell. Do your research first before you invest the time in putting together a listing. An easy method to use is do a “search” on eBay, then look up COMPLETED ITEMS, then sort by HIGHEST price. Then you’ll see if your Tommy Bahama
shirt is really worth anything. Or you’ll see that your old baseball cards had 23 listings and not one of them sold.

Pricing is another challenge. Again, you’ll need to do your research. See what they’re going for. Don’t have overly high expectations. You know how you feel when you go to a garage sale and you see a pair of jeans for $15 or books for $4 each. Many people come to eBay to look for a bargain. Consider how much you
have into the item. If you have an item from around the house, you may consider that something is better than nothing, so you may be inclined to start the bidding quite low. If you bought it with the specific intention to resell, you will, at the very minimum, want to break even, so take the price you paid for it and consider other costs, i.e. listing fees, final value fees (all explained in your lifeline – eBay seller overview above).
People are much more apt to bid if the bidding starts LOW. Sometimes though, you will have collectibles that are worth a chunk of money. Don’t give away that vintage postcard that is worth $56! Do your homework.

The next big question is how do you get paid? You determine what you would accept. Online payments such as PayPal (paypal.com) are very convenient. You can also decide that you’ll accept money orders or personal checks. The more options you leave your buyers, the more likelihood you’ll get more bids.

You also need to decide how you want to ship your items to the winners. Many sellers use USPS, others prefer UPS. If you use USPS and ship via Priority Mail, you can get your envelopes and boxes free from USPS. If you ship First Class or Parcel Post or UPS, you’ll have to shop around for deals on boxes or envelopes and bubble wrap or packing peanuts.

Overwhelmed yet? Yes there is a lot to learn, but it’s not nuclear science. Just take it one step at a time. It’s a
learning process. Some yahoo groups (or MSN or AOL, or whatever your preference) are great sources for support and camaraderie with others who are doing the same.

So in summary, if you want to just “start pushing buttons” and learn to make money on eBay on your own, YOU CAN DO IT. If you do better chatting with others, those resources are available too. Use what is available.

About the author:
Team-Schuman.Com contains the best make money online and make money websites available today. If you want to make money check us out here: http://www.team-schuman.com/learn-to-make-money-on-ebay.html

Thursday, May 27, 2010

Key Basics About Selling On eBay

Selling products on eBay is an easy way to make money on the internet. This article outlines some basics about selling on eBay, and what you need to do before you start selling products on eBay.
  • Know the customers you are targeting as well as the keywords for that niche. You will need to describe the products that you sell on eBay, so it is important that you know all the keywords you need to use to describe your products. This will make it easy for customers to find your products if you use your keywords.
  • Do some research first about what is involved in selling on eBay. Browse on eBay website and check out what other sellers are doing. This will also help you to see products that are in high demand and the prices they are bid for.
  • Decide the type of products you want to sell. This is very important because you must sell products that are of high quality and for which there is high demand. After you have decided what you want to sell, then you can establish where to get these products at good prices so that when you sell them on eBay you can make a profit.
  • You must know how to start selling items. You will need to clearly describe the product, list the products under the appropriate category, and know how to communicate with your winning bidders.
  • Make sure that you understand and follow the rules about trading on eBay. This will make your trading on eBay risk-free and successful. You must also know the fees that are involved in selling products on eBay. It is also very important that you know how to create your account and follow all the required steps in setting up a new eBay account and getting registered as an eBay seller.
  • You must set up a payment processor so that customers can pay for your products easily and quickly. The most convenient payment processor is PayPal, so you must open a PayPal Account, which is very easy to do.
  • You must understand the bidding process so that you can sell products successfully.
These key basic facts will help you to start selling products on eBay and earn some profits.

Be sure to register for the FREE eBay Search Tool at: http://Item-Alarm.com

Tuesday, May 25, 2010

Item-Alarm Launches New eBay Search Tool - FREE!

Item-Alarm released their new eBay search tool that will help simplify your eBay searches.

Item-Alarm works by allowing you to submit search key-words or phrases and then Item-Alarm will notify you via email whenever an item is listed on eBay that matches your search term or phrase.

Item-Alarm is great for those hard-to-find items, collectibles, rare auto or motorcycle parts and any other items you want to search for on eBay.

Sometimes being first on a Buy-It-Now (BIN) item can help you win the bid and get the item before anyone else knows it has been listed.

Item-Alarm allows you to set your alert times from 15 minutes to 1 week and a variety of times in between.

To register for this FREE search tool, just goto: http://item-alarm.com