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PROPER RESEARCH IS NECESSARY FOR SUCCESS Research requires due diligence on your part, spend time with research. You must know the average selling price on eBay of the product you have decided to sell. On the main search page, located to the right of the search button is an [Advanced Search] button. Next, open the Advanced Search link, enter a keyword(s) for your product. Select a category, check Completed Listings radio button, then click Search. What you are seeing is recent items that have closed on eBay. Items that have sold will be shown in Green. Items that have not sold will be shown in Red (Auctions), Black (Buy it Now) items. It is always a good practice to put details into a spreadsheet for further review. DONT FORGET TO MIND YOUR SHIPPING eBay buyers have become quite attuned to shipping fees. eBay sellers of old, many times would list a spectacular price on the item. When the buyer went to pay, whoa, shipping was astronomically high (packing in more profit). Many buyers now search for products that promot Free Shipping, this offer gains respect of buyers. Repeat sales can be a future result of Free Shipping, or low priced shipping. Compare Shipping Fees when doing research, notice the Free Shipping items, or Reasonable Shipping priced items will do better overall than Unreasonable fees. Know what your shipping costs will be to ship the product then allow for it in the selling price. Just consider it the cost of doing business. BASIC ECONOMICS: SUPPLY AND DEMAND No matter how good a deal you may be receiving on a product, if the eBay community is not interested in it (Demand) sale of the product is not likely. If you have a chance to purchase 100 Widgets for $5.00 each, and the last 50 posts if these widgets only produced 5 sales for $4.75, you will probably be losing money on these Widgets. Or friends and family will be getting Widgets next Christmas. It is recommend to get off to a good start, find a Dropshipper, a legitimate Dropshipper. With a dropshipper, you do not have to stock any products. Just sell the product, and the dropshipper will send to customer for you. You just collect the profits. Yes, I said legitimate, many so-called "Wholesalers" are retailers in disguise. They give minimal discounts off of retail price, but you are not getting true wholesale pricing. Do a Google search for Wholesale Sources, or Dropship Wholesale, perform your due diligence and deal with a wholesaler, not a middleman.
Article Source: http://www.ezine-directory.info
Johnathan Z Moore has been enjoying Internet Marketing since March 2001. To help your success on eBay, he is giving away his eBay Mini Course at No Charge. Sign up with following link FREE 7 Day eBay Success Mini Course To find Pre-Screened legitimate Suppliers follow this link Wholesale and Dropship Sources
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