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FIB - Scams 101 - Ye Olde Archives
Posted By: BizNewbie In Response To: Re: Just a little self-promotion (Carla Ball)
Monday, 13 March 2006, at 8:30 a.m.
Kevin,
From my experience, ther are only 3 ways to make your e-bay experience a profitable one.
1) Selling used niche merchandise. Forget "garage saleing" in the truest sense. Find A NICHE/GENRE of used merchandise, that has a high demand, and relatively few sellers. Use your library and the Web and research, research, research until your are close to being an expert on the merchandise. For example, there are sellers who specialize in old "carnival glass" pieces from earlier this century, and are experts on the genre. Doing this will allow to focus your energies in one area. General garage saleing is a waste of time, unless you are an expert in a lot of areas and willing to compete with the hundreds of people looking for stuff "to sell on E-bay". Also, I have given up garage saleling as sellers are selling high-demand stuff for big $$, it is very hard to find bargains at garage sales anymore.
2) Sell information products - Develop information products yourself that are unique, and that are only sold by you. You can find out what niche markets have high selling items, or are popular. Then you can do a book search to see if info is readily available in that topic area, or not. Even if there is plenty of info. available, you might be able to write a manual on some overlooked key aspect of the genre. Make sure you are the exclusive seller of this product and avoid "reprint rights" like the plague.
3) Find WHOLESALE suppliers or liquidators that are respectable, and sell discounted products. Again, you have to find products that are in high demand, have little competition and are cost-effective for you.
BizNewbie
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