The most important step in moving product on eBay is picking products that are in demand and aren’t too competitive. If you find an item that is really popular on eBay, it’s not going to sell so well if every other seller is listing it. On the flip side, finding a super-unique product won’t help much if there’s nobody in the world or eBay looking for it. That’s why we need to do product research.
Stop groaning! Don’t worry, it’s not like researching for a school project - it’s easier. Researching your market is essential if you want your paper to stack right. Doing product research is very straightforward thanks to eBay Research by Terapeak. You need to beat your competitors and increase your sales - TeraPeak is your secret weapon
is your secret weapon .
Anybody who is serious about profiting from an eBay business needs to subscribe to TeraPeak or a market research product as powerful. Before finding TeraPeak, I was doing manual competitor and product research on eBay, recording statistics, dates and prices in a spreadsheet, performing search by search. Now I spend about 5% - 10% of that time and get more information too. So my costs are lower (less time spent) while my profits are higher because the high quality research improved my sellthrough rate.
Not sure you want to spend your chedda on a subscription to TeraPeak? Consider that TeraPeak will save you at least an hour for each product you investigate. Even if you only check five products a month you’re saving at least five hours! The entry-level plan is less than $30 / month. Surely your time is worth more than $6 an hour, isn’t it?
The next part of Hustle on eBay covers how to use search data to choose the most profitable products and will help you shoot down your comptetion with smart product listing strategies. You’ll need a TeraPeak account to benefit from the next part.
This entry was posted on Friday, February 20th, 2009 at 11:07 pm and is filed under online. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
