Entrepreneur.com

eBay Trends for 2007

 

Be a Savvy Merchandiser

I hear it all the time: "Oh woe is me! None of my items are selling anymore. eBay has ruined the market," or "The economy's down so no one's buying." Yep, it's the American way -- blame everyone else for the downturn. Why not look to yourself?

Just recently, I was looking for a cowboy-style Christmas stocking on the site, and I found close to 100 different listings for the very same item. The pricing wasn't very different (but the shipping charges were), and the sellers were all clearly buying from the same source. Is this a vibrant marketplace? Did the sellers do their homework before buying this item to sell?

Before buying deep into an inventory item, do a little research. Check out the eBay site and see if the item is already listed. In a couple of days, check it again. Has the number of listings increased? Did anyone buy the item? Choose your items selectively. It's a very competitive market.

Reconsider Collectibles

Many eBay sellers pooh-pooh the collectible arena and have stopped selling these one-of-a-kind items. But collectibles are the heart and soul of eBay -- it's the primary online marketplace where shoppers can look to find a plethora of unique and vintage items.

No local antiques or collectibles store can possibly carry the wide variety of items that buyers can find on eBay. If you can find unique items, this is the place to sell them.

Expand Business Overseas

Are you selling your products worldwide? You might consider it if you knew that eBay has more than 212 million registered users across the globe. Considering that there's a huge audience for Americana worldwide, you can easily find desirable items to build your sales. Visit outlet malls for current fashion, toys and home décor items.

Just think: If you're a U.S. expatriate living in Germany, the only way you'll be able to buy your favorite products at a reasonable price is from an eBay seller. And foreign nationals also crave many of the items we take for granted.

Sell (or at Least Link) From Your Own Web Site

Do you have enough time and know-how to start your own e-commerce site? The most successful eBay sellers sell merchandise from independent Web sites. Your business can grow a good 30% to 40% by the simple addition of a Web site.

If a full-blown e-commerce site seems too much for you just now, install an eBay editor kit on your free ISP page. When people click on your store items and follow through with a purchase, you'll get a 75% store referral discount on your final value fees for bringing a buyer to eBay. Learn more about the tools eBay offers to promote your listings here.

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This article was written by Marsha Collier, a successful eBay PowerSeller, book author and Entrepreneur.com's "eBay" columnist.

For bios of and stories by Entrepreneur.com columnists, please click here. For more information about subscribing to Entrepreneur, click here.





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