Selling products on auction websites is one of the many ways you can earn money while sitting at home. And eBay is the largest auction website in the world, and also one of the oldest since it started in 1995. Selling on eBay is much like selling in any marketplace, minus the cost, and of course the time and effort. With a bit of ingenuity, you can make your own real estate business, except that it will deal with products on eBay rather than lands and properties. Here, we’ll talk about how to go about buying and selling products, and how to find hot, money making products on eBay.
eBay gives you access to around 200 million customers. You can utilize the potential to earn a decent amount of money. According to eBay, around 800,000 Americans earn their money this way. You can do that easily too!
Things to remember
It is not a get-rich-quick scheme! It’ll take practice, and some foresight to buy lucrative products and sell them at a profit.
For a start-up, you should sell small things. You will need some practice first, so start with less valuable things and see how it goes.
It might pay off to do some research, i.e. whether a product is being bought by people. Sometimes, people buy products that won’t resell. Hence, they either end up being stuck with that product, or sell it at a price lower than the one they bought it for.
Finding money-making products
Finding the right products can be crucial to your eBay income. If you don’t choose the right products, you might end up being stuck with them, or you might be in for a loss. Not all products will sell for a good price, or resell at all. Here are some tips for choosing the right products.
Using the “Popular Products” section
The “Popular Products” section is available for all categories/sub-categories. It will tell you what the best selling products are, and what products are trending. You can also take a look at some of the latest products. That way, you will know what things people are interested in, and what products are being sold frequently.
Hot Categories Report
The Hot Categories Report will let you know what categories are ‘hot’ according to eBay, and what products are the hottest. This will also give you an idea of how to pick products that will sell.
eBay Pulse” is another area where you can figure out what people are looking for on “The World’s Online Marketplace®”. It contains a category’s daily snapshot of the ten most popular searches and the stores with the most active listings. A subsection on “eBay Pulse”known as “Most Watched Items”, reveals the ten auctions that are getting the most attention. Visit this page and select a category to study from the drop-down menu.
Earning money on eBay isn’t difficult. But finding the right products is the real trick. The problem with selectin them is, they need to be hot, yet unique in some way. And of course, they need to be used. You can’t sell new products for more than the stock price, so it wouldn’t be really worth it, unless you buy products in bult at wholesale rates. A common product might not be worth much profit, but a unique one might. Large objects such as cars make excellent profits, if you can mange them, that is. Hence, you’ll need to do your homework when doing business on eBay. Good luck 🙂