Tuesday, November 21, 2006
FINDING YOUR NICHE ON EBAY!!
Whilst sitting in Costa Coffee this week, sipping my large Cappuccino, I was wondering what money making scheme to write about this week!
As a regular ebay user along with millions of other people around the Globe, it made sense to write a few personal tips on using the World's Largest Marketplace. Ofcourse, as I have already mentioned, millions of people are making money using ebay, from selling old junk from around the house to setting up proper businesses selling Furniture etc.,
eBay.co.uk - Click here!
But to really make money on ebay, you have to specialise in one field and find your "NICHE MARKET", where there is not much Competition and the demand for your Products is high!!
The best way to look for Niche Markets is to look for Specific Categories, such as Antiques and then look at the sub-categories, such as Chippendale cabinets, to find out what sells and for how much. All Collectable items, such as China and War Memorabilia are very popular items and by looking at these sub-categories more closely you can get a feel at what sells.
One trick is to go to the "Advanced Search" link under the main search box on the Home page of ebay and then scroll down to the Category box. Select a Category you are interested in and then input a name in the Keyword search box on the right, such as Rare Books or Vintage Postcards. You then tick the "Completed Listings Only" box and then tick the "Sort by Highest First" box to see what items went for the highest price. Then you can see what items achieved the highest number of bids and which ones obtained the highest prices.
One Niche Market that I found on ebay was Information Products. These products come in the form of ebooks and software. People search for Information all the time, so if you can find a product, say on "How to Stop Smoking", or "How to Create More Wealth", you can provide that information for them and make some money at the same time!! The real beauty with selling Information Products is that they can be bought really cheaply on the Internet, sometimes for free, and then sold on for much more, time after time.
For more information on purchasing Information Products on-line, Please visit Clickbank
Information Products can be delivered electronically, so there is no need for any laborious packaging and posting and once set-up, your business can be run fully automated with the help of some special software!!
For more information on running your own Information Product business:
WHAT DID YOU HAVE FOR BREAKFAST?
For breakfast I had
Two Eggs, Bacon & Cash in The Bank!
You can find out how here:
So you see once you have found your Niche Market area, you can really start to use ebay to your advantage and stay ahead of the Competition..........And start to really make Good Money!!
Thanks for looking and please come back soon for more Money Making tips and techniques.
Please visit my on-line Store for more information on selling on ebay:
http://www.digitalebookstore.co.uk
Also please visit my ebay shop where you can purchase many Information Products:
http://stores.ebay.co.uk/Digital-eBook-Store
Many Thanks!!
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