Anyone starting out in the world of online auctions is likely to ask the question, what sells well on eBay? An answer such as electronics, media and designer clothing may sound useful, but in actuality the best product for a person to sell is completely unique to that person. In the course of the next few hundred words you will discover how to identify an area in which you could sell, and whether that area will be profitable.
Step 1 - write down your areas of interest
Chances are if you are interested in an area you will also have a certain level of expertise in it. This expertise will help you to write descriptions for your products that will convince prospective buyers that you are a great source for your particular product. It will also help to motivate you if you are having a bad day; at least you are selling things that you yourself enjoy.
Get out a pen and a piece of paper and write down everything that you could enjoy selling. Struggling for ideas? Have a wander around your house and write down some of the items that catch your eye, everything from your computer to your toaster could be a potentially lucrative market.
Step 2 - narrow down your options
Go through your list and put a star by the five top areas of interest or potential areas in which to sell. From these five, select one particular area to research first. If, when we research what sells well on eBay, this proves to be an unprofitable area we will return to this point and select another item from the list of five.
Step 3 - research your niche
You've selected an area that you are interested in and that you could potentially sell products related to. Now it's time to find out whether people are looking for that product. The first step is simply to head over to eBay and search for your product or for similar products. How many results are returned? Go into the auctions themselves and check how many page views they have received and how many bids.
Even this initial research should give you an indication as to whether there is a demand for your product, but we won't stop there. Use the Advanced Search functionality to look at completed listings. This is where things get interesting as you will be able to see how much similar items sold for, and therefore how much potential profit you could make.
Step 4 - test the marketplace
If it seems that no one is interested in your area then go back to Step 2 and select another niche. If however there seems to be a reasonable level of interest it's time to test the marketplace by selling a handful of products into it. Find some cheap items from charity shops, car boot sales, even from around your house and get those auctions listed on eBay. This is a valuable step in discovering what sells well on eBay as if none of your auctions sell, or not for much of a profit, then you may need to return to Step 2 to start the process again.
Be specific when it comes to selecting your niche and, after performing this research, you could soon be making a lot of money through selling on eBay.
Author Resource:
Amanda O'Brien is a successful eBay Powerseller and author of 'The 2,500 Per Week eBay Powersellers Secrets' home study course. Want to learn more about starting an eBay business or simply want to improve your eBay sales? Claim your free eBay Selling Secrets Report at http://www.powersellerpod.co.uk
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