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Net Auctions and Auction Information |
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eBay: What Should I Sell?
There is an art to picking profitable products. It's not just what you want to sell but rather what will sell. Unless you pick a product in demand in the marketplace, you will fail. A fundamental principle of the capitalist system is "supply and demand". It represents a delicate balancing act between "what people want" and how much of "it" is available. Every Christmas, we see one toy that everyone wants. One year is "talking Elmo" and the next year it's something else. But, it never fails to occur. Because everyone wants "it", so "it" is in high demand. If the supply of the product isn't sufficient to meet the customer demand, prices soar, as do profits for the people selling them. You could hope you pick one of those products and make a lot of money in one season, or you can be smart and have a profitable business all year round. How? Understand trends in our society and how they help you predict the products which are or will be in demand, now and in the future. Current Trends In American Society By reading and watching current news, we should be able to spot trends. These trends will have an impact upon people and therefore, the products they need or want. For instance, some current trends in the United States are as follows: ˇ Americans are fatter than prior generations (particularly children) ˇ Baby Boomers (a very large potential market) are getting older. Many are in the 50s or 60s. ˇ More and more people purchase online from the security and comfort of their own home ˇ Americans are more security conscious since 9/11 ˇ Travel by car or recreational vehicle is up over previous years ˇ Diabetes is making major inroads into the general population These are just some of the trends impacting our culture now. We need to take those identified trends and make some assumptions about them. With these assumptions come product decisions, profitable product decisions. Using a Trend to Pick Profitable Products Let's choose the Baby Boomer trends upon which to focus. We know that the Baby Boomer Generation represents a large, and very wealth, segment of the current American society. If we choose to focus upon this group of consumers, we know we have a large potential audience. More importantly, we know we have an audience who can pay. Determining the products we will offer starts with making some assumptions about our targeted market. What does that mean for the Baby Boomers? We need to take what we know about that market segment and then make some assumption based upon that knowledge. Let's try. What We Know: What We Can Assume: We know they are getting older. We can assume they don't like that.We know they are fatter than prior We can assume they don't like thatgenerations. and want to do something about it. Let's just look at those two trends and how they help us choose products. If this generation is fatter than the last generation, we can assume larger size clothes are needed right now. Is that true? At eBay, plus size women's clothing sold for a total of $90,903.37 in the last 30 days! There's a profitable product selection for the present. If we assume they are fatter and don't like it, they must want to do something about it. What might they do? Exercise or diet. What does this mean for possible products? Exercise equipment or diet pills. Is this true? At eBay, exercise equipment sold for a total of $1,125,144.50 in the last 30 days and weight loss pills sold a total of $130,795.34 in the last 30 days! Two more profitable, "in-demand", products at eBay, right now. Choosing the right product for a profitable business does not have to be difficult. Just follow the four easy steps; analyze, assume, test, and choose. You simply have to read and watch the world. Look at leading news articles and magazine stories. What appears to be uppermost in the minds of potential consumers? What assumptions can you make about the trend? What product(s) does that translate to? Sell that product and you will earn money. Continue to follow those four steps and you will be profitable for a long time. Michele Schermerhorn has over 30 years experience in the business world and over 12 years running her own successful online businesses. She is President of Online Business Institute Inc. (http://www.obinstitute.com). Online Business Institute Inc. exists to "Create Successful Online Business Owners One Person At A Time". They run regularly scheduled free online seminars.
MORE RESOURCES: Vineyard Property With âField of Dreamsâ-Like Baseball Diamond Heads to Auction - Mansion Global Peer into Lynne Rosetto Kasperâs splendid collection, as she auctions off a cookâs greatest treasures Star Tribune Google Ads Different Auctions Locations May Impact CTR & Impression Rates - Search Engine Roundtable Google Ads Different Auctions Locations May Impact CTR & Impression Rates Search Engine Roundtable Significant race cars confirmed for Broad Arrow Auctionsâ debut Villa dâEste auction Magneto magazine News Flash ⢠Shop County Auctions on PublicSurplus.com Nevada County (.gov) John Bonham stage-played drum head, Grateful Dead posters among Heritage Auctions sale The Music Universe. Unity Fest set for May 3 with Crowder in concert; pig races, auctions also part of event White River Now State Treasury firearms auctions raise money for WV law enforcement agencies Huntington Herald Dispatch âStar Wars' and âGhostbusters' props among top-selling items at entertainment auction NBC Los Angeles Cup of Excellence partners with V-Auction Global Coffee Report Silent auction, live music to highlight Historical Societyâs Spring showcase Mountain Home Observer Gold Dynamiq superyacht Stefania sold at auction for âŹ10M Boat International Six-Pack of Porsche 911s Is up for Auction Car and Driver 5 Rivers Delta Resource Center up for auction NBC 15 WPMI $12 Sketch Bought at Auction Might Be Artwork by French 'Genius' Renoir, Says Antique Store Owner PEOPLE Stable Recovery Gala Silent Auction Now Open Thoroughbred Daily News The Magnificent Mediterranean Blue Diamond Heads to Auction The Court Jeweller Coffee auctions have changed for the long term Perfect Daily Grind Hubzu Expands into Commercial Real Estate Auctions, GlobeNewswire Las Vegas judge orders some items to be pulled from O.J. Simpson auction Las Vegas Review-Journal Is Japanese whisky losing its auction lustre? The Drinks Business Ghibli Treasures & Anime Icons Fuel Record-Setting Heritage Auction Event Animation Magazine Barbies, Kens & Friends exhibit and auction starts April 3 Sonoma Index-Tribune State Treasury firearms auctions raise money for WV law enforcement agencies Charleston Gazette Cruz says Pentagon staff lobbied against spectrum auctions Punchbowl News Running a storied auction in Russell Country Montana Free Press Hubzu Enters the Commercial Real Estate Auction Market, Leveraging Its Success in Residential Auctions GlobeNewswire Support Conservation Efforts: Winneshiek County Pheasants Forever Hosts Annual Banquet and Auction decorahnews.com Here's Why 2025 Is The Time To Buy High-Horsepower Tractors, Auction Pricing Is Staying Strong Agweb Powered by Farm Journal 2025 Mecum Houston Auction To Begin April 3 duPont REGISTRY 300-Year-Old Ring Linked to Witch Trial Judge Goes Unsold at Auction National Jeweler Online Auction underway for 135 Madison Street in Wellsville, see GALLERY THE WELLSVILLE SUN Independence hotel is heading to auction â again Crain's Cleveland Business The sixth edition of The Collection Auction: Your next champion awaits! World of Showjumping Sealed Ghostbusters VHS Sells for $3,800 in Goodwill Auction Ghostbusters News Apollo Art Auctions Presents: Fine Ancient Art & Antiquities â The Prince Collection Yahoo Finance Pike County Cattlemenâs Auction set for April 5 Troy Messenger RESULT OF RIKSBANK AUCTIONS GOVERNMENT BONDS The Manila Times Livermore Valley Wine Auction Diablo Magazine Wind power developers stay away from Italian tender as sector awaits new auction system Windpower Monthly Over 1,300 Acres of Minnesota Farmland Will Be Up for Auction in April 2025 Successful Farming DoubleACS to feature 'Rotary Auction' The Sun Chronicle W. Bridgewater man lands 'Shark Tank' deal; Brockton auctions off properties: Top stories Enterprise News Trump signed impeachment report could fetch thousands at auction Washington Examiner A Jackson Township hotel will be auctioned after defaulting on loan and foreclosure Canton Repository This 1965 Ford GT Prototype Roadster Raced at Le Mans. Now It Could Fetch $10 Million at Auction. Robb Report "Mob's Accountant' Meyer Lansky's Letter Archive to Auction Fine Books & Collections Magazine Is This the Coolest Michael Jordan Jersey Ever Sold At Auction? Bleacher Nation Jardine Auctioneers Becomes Part of Euro Auctions Group, Joins Forces With Michener Allen Auctioneering : CEG Construction Equipment Guide $100 million coin collection up for auction News8000.com - WKBT ACV auctions chief sales officer sells $1.87 million in stock Investing.com India 2025 fantasy baseball draft sheet: Downloadable stats, auction values and ranks for 500+ players - The Athletic The New York Times Woman pays $12 at auction for artwork she believes is a real Renoir ActionNewsJax.com Jason Winter, With West Central Auction Co, Recognized Among Top Real Estate Leaders StreetInsider.com Former YWCA campus in Huber Heights headed for new use after auction Dayton Daily News Professor Tong Liâs paper âIdentification and Inference in First-Price Auctions with Risk Averse Bidders and Selective Entryâ has been accepted by the Review of Economic Studies Vanderbilt University Storage Auction April 12 Siuslaw News Michael Jordanâs First NBA Jersey Sold for Huge Amount Sports Illustrated |
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