TIP #1 – Choosing the right products to sell
So you want to start an online business! Since most people don’t know anything about ecommerce and building websites and such, most folks will start out by selling products on eBay, then pay someone to build a website once the money starts coming in. The big question is: what is the hot product to sell on eBay to make money fast?
While it’s true that selling products on eBay can be a quick, low cost way to launch an online business, following the herd by selling the “hot product” of the moment, is not a great idea. To the contrary, chances are you will be stomped in the ground by the herd and left lying in the dust with your unsold inventory in hand.
The most successful eBay sellers are those who understand that success on eBay relies on many of the same factors as success in a brick and mortar business.
- Smart sellers research the marketplace and the competition to determine the salability and profitability of the product.
- Smart sellers test the market with one or two before committing to a product line and tying up their cash reserves in inventory that may never sell.
- Smart sellers adjust their product offerings until they find a product or product line that sells consistently.
The last point is perhaps the most important. Long term eBay success does not come from “one off” sales. The key to real eBay success is to find a product that sells well and sell that product over and over and over again.
There are several websites where you can find excellent products that can ship products directly to your customers once you sell their products. These companies are often called Dropship companies.
http://www.104discount.com will offer you the best service of all since they will gather products from several manufacturers all in one place PLUS they will offer their dropshipping services to all theirs members at no extra cost.
There are other websites that offer you the wholesale sources only, which means that you will need to work with the manufacturers directly in order to buy and sell the products on ebay.
Source by 104Inc.com