I have been asked this question a few times in the past couple of weeks. “Is Selling on auction sites a waste of my time?”
My answer is not only NO, but HECK NO!
These sites are alive and kicking. With all the economic problems around the world, people are looking more now for a great deal than ever before. If you are looking for a great way to sell some stuff and make some extra cash, then start selling on ebay and overstock.com.
How to do market research for selling on auctions.
You have probably learned buy now that you cant just throw somthing up and hope that it sells. A little market reasearch is important. This means that you need to look at the supply, demand and avalability!
Supply – How many people are selling what I am interested in selling.
Demand – How many people are actually looking for what I want to sell.
Availability – Can I get the product I want to sell at a low enough price to make it worth it to sell.
Terapeak.com is service that will show you the supply and demand of a product selling on eBay. It has a free service that works well enough for most people.
Auctiva.com Allows you to create awesome ebay listings without all of the extra added charges from eBay.
Wanna see the stats of how much traffic these sites get?
71,976,753 ebay last month unique visitors
7,410,121 overstock.com last month unique vistiors
That is a lot of people if you ask me!
NOW! get out there and make some sales. We all need to do our part to stimulate the economy!
Don’t wait for the OBAMA Bail OUT. Make it happen now!
