Monday, February 16, 2009

Where and What to Sell

Finding the right items cheaply enough to sell online for a good profit can be very difficult at times. In this post I am going to share a few of the sources I have used and that I am using now.

(1) The first being garage sales. The chances are you've gone most of your life seeing ads for these and ignoring them. Start going to as many as you can. You won't find good things at every one, but when you find one person with good stuff, make them an offer for the lot – they'll be so happy about it that you can get a real bargain.

(2) Markets. If your area has a market, then go there and look around for anything good. You could buy it there if it's cheap enough, or try to make friends with the market traders and find out who their suppliers are.

(3) Pawn shops. Pawn shops don't usually know what to do with the junk they accumulate.Generally you can make them an offer and they will be happy to move it off their shelves.

(3) Real auctions. Go to a real auction, as the chances are that you can resell things for alot more than they will sell them for since you will have a far greater market to offer the items to.

(4) Your local newspapers. Place an ad in the local paper that reads “I pay cash for [your item type]”, with your phone number. If you can afford it, make it a big display ad, so it'll be noticed.

(5) Friends and Family. Ask your friends and family if they have any unwanted items that relate to the market you are selling to. Ask them to spread the word around!

Before you start spending your funds stocking your online store it is imperative that you determine what shoppers are searching for and how much competion there is for that specific market. This one task can mean the difference in success or failure.

An excellent venue for finding this critical information is the auction site, eBay.com.

eBay.com is loaded with great marketing information if you know where to find it. One of the most over looked information source is the "Want it Now" section. These are buyers who are searching for an item and are ready to buy. Sorting through this mountain of information can be very time consuming.

I have located this new software that will save you an enormous amout of time by doing the complete search for you. It is called Auction Yen. You will be truly amazed at the marketing information you will uncover.

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