I think of all the questions I get asked about eBay this in the most common. I think that all too often we get seduced by the “eBay myth”. “eBay is a licence to print money”, well if you are a share holder it is, but as a user it is more complex than this. The myth and the reality are quite different, let us take a few scenarios and examine them in more detail.
Myth: Put anything up for sale on eBay and it will sell.
Reality: Less than half the items for sale on eBay will sell on the first or even second attempt.
Myth: Look for the “HOTTEST” selling products on eBay and sell the same, you will make money.
Reality: Unless you are an established seller don’t try and compete in the areas of high competition, don’t try to run with the “big dogs”. Some categories and sub categories have dozens of competing pages and thousands of competing products. These big powersellers have huge powerseller discounts from eBay and can buy in there products in bulk at a much lower price than someone who is trying to muscle into the market. This makes your profit margins razor thin or even non existent.
Myth: You can only make money selling product that are well known brands.
Reality: There is a vast market for non branded products on eBay (and Amazon). Non branded products can be sourced cheaper, sold cheaper and yet make more money than the branded product.
So how do I start making money on eBay? Find a niche area to trade in, now this may seem daunting at first so I am going to give you my FREE report “Successful Online Selling” This will show you step by step how you can easily find profitable niche markets
Inside there is an example of how to research a niche, for it is in the niche areas that the profits are to be made. Download your FREE report “Successful Online Selling” now are find your own profitable niche areas.
Don’t follow the herd, make them follow you….Rob
George Nieves says
Brilliant! Your report is insightful! It’s filled with tremendous info. I also signed up for your 8 day ecourse. Thanks!
WELL, you have wriiten the best eBay post yet, i couldn`t even have put it all as close in my own words, it is THE only way to go, as a matter of fact, to add to it, personally i would choose a few HOT sub niche markets that relate to each other so you become an expect the products, hyou get to know the market that way on a broader scope!
Then i would open an eBay store for each sub-niche, and grow it all as a network of businesses!
Food for thought, anyway hope you are well Rob….Ed.
Robert Corrigan says
Hi Guys thanks for the comments, Ed I agree you can build multiple businesses and shops for niche areas then progress to your own e-commerce websites for each, it’s cheaper than eBay and fewer than one in a thousand eBayers do it, CRAZY!!!
Barry Wells says
Hi Rob, thats the kind of post i like. Short, to the point and full of relevent info.
I have downloaded your report and will read it this evening, thanks Rob.
All the best, Barry
Barry Wells says
Hi again Rob, just thought i’d pop and tell you that i think your report is excellent.
It gives you a very clear picture of the steps to take and how to take them.
Excellent Rob, thanks.
PS all other readers: if you haven’t downloaded the report, do so now, it’s 12 pages long, is easy to read and will point you in the right direction.
Sue Schlaiffer says
This is excellent advice on eBay and I will be reading your report next to see if I can improve my eBay sales still further. Thank you for sharing this great info.
Robert Corrigan says
Hi Barry and Sue, thanks for the comments, it is important with eBay not to get too cosy with the system and look for other ways of generating income. eBay changes have destroyed lots of businesses it almost destroyed mine. So we must always be looking for ways to avoide dependancy on it.