April 14, 2008

General Issues To Consider


Wheter you have a specific product line in mind or are still trying to come up with some ideas for what you can sell on ebay, consider these issues:

  • Cost: How much willthe item cost you? There’s more to cost that simply the price on the item-do you have the cash required to make the purchase or are you going to borrow money (and therefore pay interest) to acquire the inventory? Will there be any additional expenses, such as shipping to you or repairs if the item is not in salesable condition?
  • Storage: Do yoy have room to adequately and safely store the item while you are waitn for it to sell?

  • Shipping: What are the labor and cost issues associated with shipping the item to your customer once it sells? It is very fragile, an unusual shape or extremely heavy? These rae issues that can make shipping a challenge.
  • Product life cycle: How long can you expect the demand for the item to continue? You may have something that is wildly successful today, but next year you won’t be able to pay people to take it away from you. Beanie Babies and other fad collectibles are a great example of this. Some high-tech items are also at risk of having a short life-cycle due to trchnology advances. If you pay attention toproduct life cycles, you can maximize your profits while the item is hot and avoid getting stuck with excess inventory when the demand declines.

  • Season: When you put an item up for sale on eBay, consider the time of the year. Heavy coats and sweaters don’t seel well in the spring and summer. Lawn and garden equipment is not going to move as well in the winter as it will in the summer. If you have room to store the items, you can make a nice profit buying off-season items and holding them until they sell.
  • Season: When you put an item up for sale on eBay, consider the time of the year. Heavy coats and sweaters don’t seel well in the spring and summer. Lawn and garden equipment is not going to move as well in the winter as it will in the summer. If you have room to store the items, you can make a nice profit buying off-season items and holding them until they sell.