Tuesday, April 9, 2013

How to Do Market Research on eBay

How to Do Market Research on eBay
By Maria Teves
EBay is a great place to do business. Many people think that it's too late to get in on the eBay game. They think that there are too many sellers already making a full-time living on eBay. They think that only the people who got in early, at the beginning stages of eBay have a chance to succeed. But that's just not true. eBay is not a pyramid scheme. eBay is an online auction platform. That's a big difference.
What does this difference mean to you? It means if you haven't started profiting from eBay you can still get started. All it takes is some work combined with the right methods and strategies to build a successful business. One of the most important things to do is to find out what you can sell profitably before you make a big investment in merchandise.
I am talking about market research. Market research is the single most important factor that differentiates successful eBay sellers from the ones who will go broke. That's why I want to share one method of doing market research for your eBay business here.
And it's a very simple to do eBay market research. It's nothing fancy. You don't need to buy any fancy kind of service, you do not need to spend a lot of money, in fact you do not need to spend any money - that's right, it's completely free.
And it is deceptively simple. So simple that you might think: oh, this won't work.
But if you're willing to just actually do it, instead of just doing it in your mind, your fantasy, and hallucinating the results that will come out, you can find it incredibly valuable data about your market.
That is one of the things that always separates successful entrepreneurs from the people who will always work for "the man". Entrepreneurs try things out in the real world. Employees imagine and fantasize scenarios, find ways why they won't work and never undertake anything.