Many newer sellers feel that they know exactly how much the products that they sell on eBay are worth. In fact they are so confident in their knowledge of how to make money selling on eBay that they eagerly move forward without performing appropriate market research. They don’t examine competitors in the marketplace and the actual sales data for their products.
The gamble becomes whether an item is worth what the seller feels it is worth. The real question becomes what buyers feel the item is worth. In fact, to be perfectly accurate your auction item is worth what buyers will actually pay. This is a key concept to know and to understand. This is one of the reasons that those who know how to make money selling on eBay always examine data as a part of their research.
Do you want to know how to make money selling on eBay? It starts by knowing if products will sell. For those products that will sell it includes the knowledge of actual sales prices. The research is quick and easy using tools on eBay such as eBay Market Research or eBay Sales Report.
Those who know how to make money selling on eBay never try to shortcut the process. They never simply list products to see if there is a market and an acceptable price. They might test after conducting research and identifying products and pricing targets, only when they have historic data to work from.
One of the keys to eBay success is to conduct research before purchasing items for resale on eBay. It is to use historic sales data to determine likely pricing. It is examining competitors who sell the same items. It is knowing as much about the marketplace for the item as possible before stepping forward to sell. Conducting market research is one of the important steps if you want to know how to make money selling on eBay.
To your eBay success!
To read my free e-report “Dropship Facts" check out http://www.onlineauctionsmadesimple.net Bob Hamilton is an entrepreneur, writer and consultant. Bob sold his brick and mortor store to sell on eBay and has been helping others to get started on eBay ever since. http://www.openingadollarstore.com