These two tips about selling on eBay something very critical … pricing research. Do not assume that just because you know how much an item costs in the latter will show you how much profit you’re likely to make. Performing a number of very important research is essential to a successful eBay business for two main reasons:

eBay Selling Tips # 1:

It is important to have a good idea of the average selling price for your product before you get to work. For many popular things, like electronics, DVDs and computer games, the profit margins are usually quite low. Despite this fact, many eBay sellers just see the popularity of the item and diving in.

Overly saturated markets just mean an extra amount of work for very little return. Throw big, established eBay sellers in the mix and it becomes almost impossible to compete. However, you can not know until you research it first! So visit auction sites, read ads, and any other materials until you find a good handle on exactly what you will get.

eBay Selling Tips # 2:

The second reason for the pricing research is vital that you pre-conceptions of the value of an item can be completely wrong. Most people tend to think that “wholesale” some how automatically means one fifth of the actual selling price. This is usually not true!

Some eBay sellers are shocked when they realize that they are actually a considerable amount of money to spend on their wholesale items. Simply buying wholesale does not mean huge profits for very little investment. However, for some items, such a scenario is possible … but only if you do the necessary research!

Conclusion

Not ignore these two tips for selling on eBay soon! They are extremely important and often overlooked by many people who have given their eBay business. You can succeed by doing your due diligence!

Thorough market seriously increases your chances of achieving a healthy profit from the wholesale items you buy. Start with a list of 5-10 different ideas. Then check completed listings searches on eBay to see what the item generally sells for and the sell through rate for each one.

Also use the free Google keyword tool to find out how many people are looking for your product per month. If there are 10,000 or more searches per month for a certain item, this indicates a good market.

A big reason why some people on the wholesale game is because they do not do the figures. To say it another way, they do not treat wholesale like a real business.