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Why Its a BAD Idea To Promote Hot Selling Products on eBay
Do a quick search on Google, Yahoo, or your favorite auction resource site, and you'll quickly discover there are several software programs targeted to vendors who want to promote hot selling products on eBay. The infatuation with hot selling products exists because sellers believe if you target items that have a robust sales pattern, you'll have a better chance at profiting on eBay. This is both true and false. Yes... hot selling products can improve your bottom line. But unfortunately by the time the average eBay seller (a) realizes what the hot selling products are, (b) purchases stock to sell on eBay, and (c) actually puts the items up for sale, the demand is already being met by other eBay sellers who probably started the hot selling product trend some time ago. Not only that, with thousands of people also having access to the same hot selling product lists, you'll have to contend with other eBay vendors who have the exact same ideas that you do. So you'll be up against the original sellers who are currently feeding the demand, AND doing the tango with newer sellers who have jumped on the same hot selling product bandwagon that you did. Okay maybe this won't happen to you. But suppose it does. What if competition becomes so great that prices start dipping below the wholesale cost that you paid for the item? (It happens all the time on eBay.) And what if you lose $100, $200, or even $1,000 on inventory that you thought would be flying off the shelf? Suddenly that hot selling item is looking rather cold sitting in your garage collecting dust. So if not hot selling products on eBay, then what? Do what the majority of PowerSellers do. Sell what you want, instead of what's hot. Repeat after me, "Every day ordinary items sell extremely well on eBay... Every day ordinary items sell extremely well on eBay... Every day ordinary items sell extremely well on eBay." Allow this to become your mantra, because it is very much true. I know this from first-hand experience as I analyze top sellers instead of hot products. And my research has continuously shown me that mediocre products don't necessarily translate into mediocre sales. For instance, there's a seller right now who clears about $1,000-$2,000 a week selling magnets. And that's AFTER eBay and PayPal fee's. Another seller promotes homemade CD's to a specific audience and clears $900-$2,000 a week. A few sellers make $500-$700+ a week - after expenses - promoting public domain information. And the cool thing about public domain information is that anybody can sell it because it's free. So that's pure profit by selling something they never paid for. Talk about the ultimate arbitrage opportunity! The ultimate key in succeeding no matter what product you end up selling, is to build a successful strategy. To figure out 'how' to profitably market what you have, instead of chasing after the next great thing. Because once you have the strategy part down, you can sell anything on eBay and make it a hot seller to your bank account. Alexis Dawes is a student of eBay sales strategies, instead of hot selling products. She's the developer behind Auction Seller Analyzer, a Windows-based application that inspects eBay sellers auctions to determine the winning strategies they're using. You can get more information about Auction Seller Analyzer at (http://www.AuctionSellerAnalyzer.com).
MORE RESOURCES: Hammer time: how to bag a bargain at UK auctions The Guardian Mecum Auctions returns to Kansas City this week for 30th year WDAF FOX4 Kansas City Biden administration holds oil and gas lease auctions in Wyoming, angering environmentalists Washington Examiner US kicks off a spate of oil and gas auctions just as COP28 gets ... Hellenic Shipping News Worldwide Kiwanis Club of Panama City auctions off gifts for underprivileged kids WMBB - mypanhandle.com Auction Calendar 12-1-2023 AgUpdate Kylie Kelce Auctions Off Eagles Jacket, Bidding War Ensues Between Rob McElhenney And Kaitlin Olson TODAY Portage Manor auction by Kaser to sell kitchen jail cells other stuff South Bend Tribune Limited success for large-scale PV auctions in Austria pv magazine International Lock Haven Athletics online auction at GoLHU.com is back! - Lock ... Lock Haven University Athletics Heritage Auctions' Roberta Kramer Shares Her Current Favorite Finds CS | Modern Luxury Carbon auctions, gas prices: Figures aren't oil company profits ... The Daily Herald Online EV Auction Raises $10K for Nonprofit | Automotive News8000.com - WKBT Krank tech powers Latin America's largest 100% online mining ... International Mining Galatoire Foundation to Hold Annual Christmas Auction on Dec. 4 New Orleans Magazine Auctions in New York Reflect a Dip in the Market The New York Times Commission launches first European Hydrogen Bank auction with ... European Commission Have Art Auctions Become ‘Must-See TV’? The New York Times Big Iron Auctions-A Pioneer In Serving Rural America With Online ... - AGInfo Ag Information Network Big Iron Auctions-A Pioneer In Serving Rural America With Online ... AGInfo Ag Information Network Stocking Stuffer Auctions Heart of the Rockies Radio "The auction model is one that truly works in Almeria" hortidaily.com Dealers Auto Auction of Little Rock names new general manager Auto Remarketing The Bond Market and Treasury Auctions Bloomberg Did That $4 Wyeth Thrift Store Painting Really Sell for $191,000? The New York Times TREASURIES-US yields lower after housing data, auctions Yahoo Finance Trust land auctions fund mental health care in Alaska Alaska Public Media News Building Better Infrastructure Auctions | Stanford Graduate School of ... Stanford Graduate School of Business Carbon falling below EUR80 after larger auctions and lower gas prices International Cement Review Bacone to go up for auction next month to pay off over $1.5 million in ... 2 News Oklahoma KJRH Tulsa Sulphur Springs Livestock Auctions market report North Texas e-News Blake Corum selling custom cleats at charity auction FOX 2 Detroit Annual Auction for the Arts returns to Big Sky in February Explore Big Sky Online Auction of Unclaimed Property ending soon newschannel20.com Brad Pitt and Angelina Jolie Lived in This New Orleans Mansion. Now It’s Up for Auction. Robb Report BOEM Schedules Oil Lease Auctions in Rice's Whale Habitat The Maritime Executive Wild horse, burro auction in Florence | Daily Independent Daily Independent Fall auctions woo rich bargain hunters with $2.5 billion in art Crain's New York Business Open Source Gallery's Art Auction Is Open for Bidding Hyperallergic Children's Auction bidding off hundreds of items to raise funds for Lakes Region nonprofits WMUR Manchester ARC Starlight Auction raises nearly $300,000 | News, Sports, Jobs Cape Coral Breeze Silent auction to benefit City of Christmas | Daily Gate City - Keokuk ... Mississippi Valley Publishing SCC's Carolina Auction Academy graduates 22 students - The ... Stanly News & Press $140 Million Picasso Props Up New York Auctions | News Ocula Magazine Tyler Perry's former Atlanta mansion sold at auction FOX 5 Atlanta Car of the Week: This Ultra-Rare 1967 Corvette Sting Ray Could Fetch More Than $3 Million at Auction Robb Report Livestock Auction Calendar 12-1-23 AgUpdate Lynch will oversee property auctions Millbury-Sutton Chronicle |
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