I’ve Sold On eBay - How Do I Build A Business?

So you’ve sold a few items on eBay from around your house. Congrats! By selling your first items on eBay, you’re ahead of 90% of people who hope to sell on eBay. You’re ahead of those people who dream about selling but never do anything to get there.

But right now, you’re probably wondering what’s next? Aside from getting rid of some unwanted clutter around the house, where does the true money on eBay come from?

Well, let’s talk business. What makes a successful business? What turns a single small hamburger stand into the multi-million dollar McDonald’s chain? Answer: the money is always in the system. It’s the streamlined and repeatable process that works, every time, all the time. And the best systems work without you having to even be there. Having inventory that automatically lists and gets sold while you sleep is just one great example.

There are some amazing tools to help you create systems, and they free you from sitting in front of the computer all the time. It’s an awesome feeling waking up the next morning and seeing how much more money you got in your account. It’s almost like you get paid to sleep.

Here are two more tips: Buy stuff to sell. Of course not everybody has the money to invest in a warehouse full of inventory, but start small. The key here is doing your research. What’s already selling on eBay, and how can I buy it for less than it’s currently selling for? Knowing your market is key. How do you do that? Well…

Keep Your Finger On The Pulse. If you want a quick, birds-eye view of what people are looking to buy on eBay, check out http://pulse.ebay.com. On this page, eBay lists the top 10 most searched for items in each category, along with the most watched items. In addition, eBay displays the top 5 largest eBay stores so you can quickly spot the latest trends. Right now, the largest eBay stores are selling media items, such as books and music. These categories obviously have some strong sellers.

Using the eBay Pulse will help you start identifying what buyers are looking for. If you take those same words from eBay pulse and do your own search on eBay, you can see how much competition there is. Products with low competition and high demand are great ones to pursue, and you’ve found what you can sell.