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Thursday, June 17, 2010

Spotting High Profit Selling Trends

What to Sell for Money -
Spotting High Profit Selling Trends

It wasn't long after the launch of eBay that success
stories started to filter through about individuals that
have been able to give up their day jobs to buy and
sell for a living. Reports even started to circulate of
millionaires that had been born through their ability
to sell products online at auction. It might not be as
easy to be successful as it was when eBay was a new
entity, but by knowing what to sell for money it is
certainly still a huge possibility.

Many factors will contribute toward your overall success
on eBay, but knowing what to sell for money by
identifying current selling trends will help you along
your way more than anything else. One reason that
dissuades many people from actually starting to
follow their dream of working from home is that there
is so much choice as to what to sell that making the
decision seems impossible. To prevent this from
happening put aside a few hours to perform some
vital research.

Start by considering what interests you. Buying and
selling items that you have no interest in whatsoever
is an instant recipe for failure. Although your initial
idea might need tweaking in order to successfully sell
it, you must still start with something that brings a
smile to your face. Think about the things that you
are passionate about, the things that you have an
interest in, and what specific products that you can
sell within those areas.

Once you have an initial idea in mind it is time to
identify what to sell for money within that area. Start
by visiting the eBay Pulse website and drilling down
into the categories and subcategories that are linked
to your chosen area. eBay Pulse will introduce you
to both the most searched for items, and the other
competition within each area.

With that initial research conducted, you should use
the Advanced Search functionality to see whether or
not the products that people are searching for are
actually selling.

This research will let you know what is selling
successfully at this moment in time, but you also need
to identify selling trends to know what to sell for
money at any time of the year. Chocolate rabbits
might sell particularly well at Easter, but are unlikely
to rake in the profits in the rest of the year. Likewise
Christmas decorations might sell well in November and
December, but try selling them for a living in June
and you will struggle to make ends meet!

The best way to monitor selling trends is by keeping
great records of your own sales and those of
competitors within areas that you are contemplating
selling within. If some of your goods turn out to be
successful in particular seasons, then you may need
to find another product to sell to make up for those
periods. Continual research will help you to keep
discovering the very best products throughout your
eBay selling career.

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