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Net Auctions and Auction Information |
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eBay: What Should I Sell?
There is an art to picking profitable products. It's not just what you want to sell but rather what will sell. Unless you pick a product in demand in the marketplace, you will fail. A fundamental principle of the capitalist system is "supply and demand". It represents a delicate balancing act between "what people want" and how much of "it" is available. Every Christmas, we see one toy that everyone wants. One year is "talking Elmo" and the next year it's something else. But, it never fails to occur. Because everyone wants "it", so "it" is in high demand. If the supply of the product isn't sufficient to meet the customer demand, prices soar, as do profits for the people selling them. You could hope you pick one of those products and make a lot of money in one season, or you can be smart and have a profitable business all year round. How? Understand trends in our society and how they help you predict the products which are or will be in demand, now and in the future. Current Trends In American Society By reading and watching current news, we should be able to spot trends. These trends will have an impact upon people and therefore, the products they need or want. For instance, some current trends in the United States are as follows: · Americans are fatter than prior generations (particularly children) · Baby Boomers (a very large potential market) are getting older. Many are in the 50s or 60s. · More and more people purchase online from the security and comfort of their own home · Americans are more security conscious since 9/11 · Travel by car or recreational vehicle is up over previous years · Diabetes is making major inroads into the general population These are just some of the trends impacting our culture now. We need to take those identified trends and make some assumptions about them. With these assumptions come product decisions, profitable product decisions. Using a Trend to Pick Profitable Products Let's choose the Baby Boomer trends upon which to focus. We know that the Baby Boomer Generation represents a large, and very wealth, segment of the current American society. If we choose to focus upon this group of consumers, we know we have a large potential audience. More importantly, we know we have an audience who can pay. Determining the products we will offer starts with making some assumptions about our targeted market. What does that mean for the Baby Boomers? We need to take what we know about that market segment and then make some assumption based upon that knowledge. Let's try. What We Know: What We Can Assume: We know they are getting older. We can assume they don't like that.We know they are fatter than prior We can assume they don't like thatgenerations. and want to do something about it. Let's just look at those two trends and how they help us choose products. If this generation is fatter than the last generation, we can assume larger size clothes are needed right now. Is that true? At eBay, plus size women's clothing sold for a total of $90,903.37 in the last 30 days! There's a profitable product selection for the present. If we assume they are fatter and don't like it, they must want to do something about it. What might they do? Exercise or diet. What does this mean for possible products? Exercise equipment or diet pills. Is this true? At eBay, exercise equipment sold for a total of $1,125,144.50 in the last 30 days and weight loss pills sold a total of $130,795.34 in the last 30 days! Two more profitable, "in-demand", products at eBay, right now. Choosing the right product for a profitable business does not have to be difficult. Just follow the four easy steps; analyze, assume, test, and choose. You simply have to read and watch the world. Look at leading news articles and magazine stories. What appears to be uppermost in the minds of potential consumers? What assumptions can you make about the trend? What product(s) does that translate to? Sell that product and you will earn money. Continue to follow those four steps and you will be profitable for a long time. Michele Schermerhorn has over 30 years experience in the business world and over 12 years running her own successful online businesses. She is President of Online Business Institute Inc. (http://www.obinstitute.com). Online Business Institute Inc. exists to "Create Successful Online Business Owners One Person At A Time". They run regularly scheduled free online seminars.
MORE RESOURCES: Car of the Week: Arguably the Most Important Ferrari in Existence Could Fetch Nearly $8 Million at Auction Robb Report Just Press Play owner auctions more rare video game memorabilia towards future opening of 'mega store' LNP | LancasterOnline Lost Claudel sculpture found in Paris flat fetches $3 million at auction FRANCE 24 English Will anyone pay up for beleaguered Tacoma Town Center parcels? November auction looms Tacoma News Tribune New England Auctions’ Needlework Shoppe Sign Trades High Antiques and the Arts Online Treasurer Pack Launches Online Firearms Auction for First Time in Office History West Virginia Daily News Continuation funds continue to boom as vehicles used to derisk auctions — Dealspeak EMEA ION Analytics Community urges fresh food access as vacant grocery store goes to auction in Dundalk - wmar2news.com Brazil's cenbank announces $3 billion dollar auction with repurchase deal on Tuesday - Yahoo Finance Stridin' & Survivin' 2025 Dinner Auction RiverBender.com Swine Scholars Auction raises record amount National Hog Farmer Philippines’ renewable auction oversubscribed with more than 7.5 GW of bids Renewables Auctions and the Energy Transition Coming Soon: Outdoor auction goes annual with garden gems, nautical finds LA Downtown News Online Laramie County commissioners agenda includes wildfire grant, sheriff’s vehicle auction Cap City News Doomed from the outset? Concerns for the government’s High Street Rental Auctions scheme CoStar Group Support 7 reception and fundraising auction April 12 in Lynnwood My Edmonds News Jackson Holliday's Topps MLB Debut Patch To Join Paul Skenes' On Auction Block Next Month Baseball America Church holds online auction The West Milford Messenger Midcentury Modern Desk Finds Its Partner In Cornell’s Valentine’s Day Auction Antiques and the Arts Online Asset forfeiture auction returns in Hawaii now online KITV Honolulu Special Chabad Auction COLlive State hosts first online asset forfeiture auction Hawaii News Now BTS at auction with Bardstown Bourbon The Spirits Business You Can Bid on the Contents of an Entire Dairy Queen Online Dallas Observer Kennedy Family Ephemera, Dada Posters, Hardy Boys: Auction Preview Fine Books & Collections Magazine Sheepgate Fundraising Vehicle Auction Set For March 1st KNIA KRLS Radio Scotland’s Peterhead, Shetland auctions see prices for large cod rise once again Undercurrent News Waterfront mansion on 15 acres in St. Johns heads to auction The Business Journals Bnos Menachem Unveils Inaugural ‘Insider Auction’ Anash.org - Good News 1,000 HP EXOMOD C68 Carbon HELLCAT Redeye Up For Auction Mopar Insiders Porsche and RM Sotheby’s to auction rare 911 S/T to support the American Red Cross Porsche Newsroom Greg Beckwith Throwback Jerseys - No. 3 RIchmond Spiders Athletic WoW The Black Market Auction House Guide Esports.gg Buffalo Trace Is Auctioning off an Entire Barrel of Pappy Van Winkle. You'll Never Guess How Much It Costs Men's Journal Multiple East Texas Dairy Queen sites among auction list The Henderson News WYDOT auctions off 'Welcome to Wyoming' signs Wyoming News Now Some East Texas Dairy Queens among locations up for auction Moore County News Press Diboll Dairy Queen among two dozen Texas locations closed, with contents up for auction Lufkin Daily News Family of Packers Hall of Fame quarterback Zeke Bratkowski puts Super Bowl rings up for auction Green Bay Press Gazette Camille Claudel sculpture sells for $3 million at French auction FRANCE 24 English RICHARD JOHNSON: Jay Leno auctions private garage tour for cancer charity New York Daily News Plaxico Burress Auctions Super Bowl XLII Ring Finance Monthly Bonds Retreat to Recent Range Ahead of Auctions, Powell, CPI Mortgage News Daily Whole barrel of Pappy Van Winkle bourbon is available for first time in Sazerac auction Lexington Herald Leader Game-Used Items from 4 Nations Face-Off Being Sold at Auction Sports Collectors Daily Brazil’s cenbank announces $3 billion dollar auction with repurchase deal on Tuesday Blue Water Healthy Living 24 Texas Dairy Queens from Panhandle to South Texas up for auction. Here's what we know LubbockOnline.com New Fairfield official’s home set for foreclosure auction; Lindsey says 'we are not losing our home' Danbury News Times Bay Area artists lead protest against Christie’s AI art auction San Francisco Chronicle The imminent unlocking of 11.2 million Solana (SOL) from FTX’s bankruptcy auction: impacts and prospects The Cryptonomist Works by Ed Ruscha, Helen Frankenthaler, and More Headline L.A. Fire Relief Benefit Auction artnet News |
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