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Looking
for Products to Sell
My
vision of the ideal online auction business is having an unending
supply of about 100 in demand products that I can list and
relist on a weekly basis. Using a program like Turbolister
it is easy and quick to relist any number of items. In the
time that I have been selling through online auctions I have
built up a batch of 25 products. Some sell better than others
and all the time I am looking to add more products.
In
this article I am going to describe how I set about selecting
a product to add to my list. It can happen in two ways, I
might see a product which I think will sell well in online
auctions or I may find a demand and try to fill it.
An
example of the first is a booklet called “Collecting Novelty
Salt & Pepper Sets”.
This was a 50+ page well illustrated booklet which is full
of information for collectors. To test this market I simply
went to eBay’s collectables category and looked up the number
of novelty salt and pepper sets for sale and found that on
Ebay.com there were 3000 sets for sale and 500 on eBay.co.uk.
This indicated to me that there was a market for this type
of book and so it proved and although I did have a good supply
I have now sold out of this item.
The
second method is to find a need and then either create or
search for a product to meet that need. Recently I had the
idea that there is a real interest in Unidentified Flying
Objects (UFO’s) and I wondered if I produced a product connected
with this subject if there would be a market for it.
First
of all I went to my Deep Analysis tool and entered the keyword
UFOs. I discovered that in the last 100 completed auctions
connected with the keyword 47 had resulted in sales. The average
sale price was $10.17 9 (remember that Deep Analysis actually
uses eBay.com for its research).
So
if I could come up with a product on the subject of UFO’s
to sell at around $9 then it would stand a fair chance of
success. These days 47% sales is considered fair so I thought
that this was an idea worth developing. The next stage was
to either find or create a product.
I
could find nothing readily available so decided to create
my own product, but there was one small problem, my knowledge
of the subject was minimal. If you search on the Internet
you will find that there is a vast amount of information on
the subject. And the big plus was that much of it was in the
“public domain” which means that I could use it freely as
I wished.
The
obvious answer was to collect as much of this material as
I could and put it on a CD and that is what I have done. To
give it greater value I also researched material on conspiracies
and included that on the disc as well. It is now completed
and will be listed on eBay shortly. At this stage it is impossible
to say whether this will be a successful product or not. No
one can guarantee that everyone will be a winner but it has
cost practically nothing to develop except a little time.
Resources
I used to create the UFO CD
Deep
Analysis( Free 30 Day Trial)
PUBLIC
DOMAIN RICHES by Yanik Silver
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