6 Signposts Of Successful Product Selection And Selling – How To Build A Winning E-Biz
Getting started on eBay can be overwhelming for the newcomer who has no idea where to begin. Thats why its helpful to look at those who have built successful businesses in this venue. To get to where they are now, the most accomplished entrepreneurs all learned to do six things. All six require willingness to study and learn but then, so does being a successful online retailer.
1. Identify Emerging Markets
An emerging market is one in which the bid rate is growing at a faster pace than the listing rate. Unlike a hot market, which has reached its capacity, an emerging market still has room for growth. Dont chase after hot-ticket items with saturated markets. Youre looking for neglected niche markets with greater demand than supply. Http://Andale.com and http://Hammertap.com offer market research tools that can show you whats selling and what people are looking for.
2. Look at Your Competition
Find out who the big sellers are in your category, and look at what they do to put themselves on top. While it’s okay to borrow some of their more successful...