I found a really great tool that helps you find out which products sell well on eBay. I’m sure some of you already know about it, but I didn’t … and I think it deserves mention. It’s www.terapeak.com and you have to pay about $19 a month to use it. I really think it would be worth it to use for one month if you’re looking to sell products on eBay. ( I don’t mean selling your Aunt’s Elvis bobblehead… I mean selling a lot of product.)
Terapeak lets you search an eBay item to find all kinds of data on how it sells. That’s a great tool to have because some products just don’t sell well on eBay, so why waste your time even trying. It doesn’t mean your product is not good, it just means it’s not worth selling on eBay. It’s good to know these things before you get in too deep and spend a lot of money trying to sell something at the wrong place.
It give you the listing fees, items a seller has, and the success rate on a daily, monthly, or 90 day basis. When you search with something like this, always look for top sellers on eBay… don’t just look at the average price because it’s usually wrong. I recommend looking for the top 4-6 sellers to see what the product sold for. That’s the best way to get the right price on eBay and/or to know if you can compete easily enough.
You can also check out the “Hot Products” on eBay. This is good stuff to know if you don’t have a product yet, but know you want to sell something. You could choose something to sell from the Hot Products and start your venture from there. Of course there are hot products in many different categories, so check around.
I like that idea and to me it would be worth using it to find out what sells the best on eBay right from the start. I would get Terapeak for only a month and get all the information I could from te site in that one month. I would also get Robert Cyr’s book “Liquidation Sources Revealed” at http://www.thecloseoutindustry.com under Increase eBay Profits to find out more about liquidation, if I were going to take that route.
Let MomsCashBlog know if there’s another way to find this information easily without using Terapeak. I’ve never sold anything on eBay, but I’ve been a buyer many times! This looked like a good tool to use for sellers or anyone thinking about selling, but you might have something else to share with us.