Starting an eBay business - How to decide what to sell on eBay
Filed Under (eBay selling) by Brandon and Skye on 02-07-2008
Tagged Under : ASR, average sell through ratio, ebay brands, How To Start An Ebay Business, sel on ebay, small ebay business, terapeak
When starting an eBay business there are a lot of factors that come into play, but we are going to address what to sell on eBay.
The first thing I would do is take a look at your hobbies and try and find out what YOU are interested in. What kind of products are you best suited to sell on eBay?
Now the first thoughts of everyone starting out on eBay is to just find out what sells and copy everyone else. This is good if you are just looking to run with the follow the crowd, but in the LONG run YOU would be much happier finding a product to sell that you:
- Know about
- Trust
- Like to be around all day
- Understand the market
I suggest you sit down with a pen and a piece of paper and write 5 hobbies or things you do for fun. After you have your list head over to terapeak (the best market research for eBay seller) and take them up on their free trial. Then start drilling down those 5 hobbies that you have. Use the category tool to find out how hot that item is, and how big the market is.
From there it just comes down to finding the right brands to sell under those categories. This is easily done by looking at the brands average sell through ratio (ASR). You will be looking for a product that has a 60% or more ASR.
Remember, keep it fun and focus on things that you LIKE and are FUN. This is the true way to suceed.
PS. Starting an small eBay business is fun, but make it a winner by deciding know what to sell on eBay.
photo credit: Scumfrog
