Tip 1: What sells best.
Many people really want to sell the latest products and enjoy the benefits of this. The truth is there is so much competition out there that there are actually many eBay Power Sellers that are not making any money in there field because the margins are just too small because of the competition.
In my experience and the experience of many others the recommendation to make money is to sell used items and or specialized items from a niche. The principle behind this is the fact that there are probably going to be less people selling your exact product and you will have a better potential selling it, if it is a product that is in demand.
There are some great Wholesale search engines out there but beware there are many scams out there to always check out references and do your research.
GoWholesale is a great place to start.
I have also seen people really do well with consumables like printer ink or cosmetics; this is because you will always have the chance to build up a regular list of customers that will repeat order from you.
Tip 2: Look to see what is actually selling.
If you search listings in eBay you can see what is being sold on eBay and what is being listed.
This will give you a really great understanding on what is good to sell and what is really not so good. Research is always going to help you to know what you want to sell and where you want to be putting your efforts.
Tip 3: Decide what area you want to specialize in and master it, be the expert that people will come back too.
This is actually one of the most important decisions you will make as an eBay seller. If you want to be successful you need to find your own niche market and work to dominate it.
It does not have to be something you are interested in but it certainly helps because the more you know about your subject the more you will be ahead of any competition.
People are far more likely to buy from you if they see you are a specialist in your market and you will be seen as an expert in your field and start to build a reputation which is going to be good for repeat business.
Tip 4: Finding Liquidation product.
It can be really hard to find these really great items like quality clothes, household goods, toys and sports equipment through wholesalers but you can buy these items through Liquidations and surplus traders. Liquidation is a big player and you can find some great items here. However I would caution you to do your homework on shipping costs and what the items are actually worth before you buy to resell.
Tip 5: Try something new.
It is good to try new items. I love to try new things however start slow and small. Don’t go out and buy a truckload of a new item before you have tried and tested.
Remember this works in reverse as well, don’t be afraid to stop selling something that is not selling so well. Things change and you should be willing to change too if you need to.
You could also try using different ways to sell for example with a different type of headline.
Tip 6: Sell for a friend or otherwise?
Although many people are online, there are still thousands of people who are not. There are even more that really can’t be bothered to sell their stuff on eBay themselves.
Offering a service for others to just drop stuff off and pick up a check is a great way to build a business and also a great way to become really efficient at selling and listing items for profit. A good rule of thumb is 35% on items less than 50 dollars and as items get more valuable drop the commissions down in a sliding scale.
Tip 7: Research your chosen niche properly.
It is so important to research your niche properly. The different niche areas is
are enormous but you need to know you can get the product and sell it for a profit. There is no point of deciding that you will be selling very rare stamps if you can’t get a good supply of stamps at a price that you know you can make a profit from. All I am saying is research properly.
Finding product is the hardest thing in the eBay business and you must not be disheartened if it seems hard. As I have said before Get educated and read all you can to stay in the loop.
Chris Bamber has put together a complimentary report on the eBay Business that will help you over your problems making profit from eBay easily, and quickly.