Wednesday, February 4, 2015

HOW TO GET STARTED MAKING SERIOUS CASH ON EBAY PART 2-Finding your Niche

In our last article Part 1 we discussed the key components to getting on the way to making some serious cash-ola on ebay. To get started I listed a few things that are musts to get going. But the main one was inventory. You've got to discover what you niche is and how to exploit that niche. And everything about it. My origional Niche actually was video.
So What needs to happen to get you to learn about your niche,and the market that it is sold in. Here are some ideas. 
1)join the club-what do the members of this Niche do? 2)Where do they buy their items for the Niche at?3)Who belongs to this club and why? 4)How many sub Niches are there? 5)How much money do they spend?

On your inventory side-1)Where can you buy the items in this niche?2)How can you buy it wholesale and sell it retail? 3)How hard is it to ship it? 4)And what problems would you have with delivery? 5)What is the best shipping service to use for this item? UPS,USPS,Fedex, and what other shippers are available. 
6)Do the items go in and out of popularity?(This up your risk factor)7)Do many business in your area go in and out, so you can virtually buy distress inventory?
These are just a few ideas, to help you along in discovering your Niche. In our next article we will discuss what to do once, you've figured out what you are going to sell. 

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