I am looking at getting into selling on ebay, and I'm curious what kind of profit do you try to find when selecting a product to sell (i.e. do you only sell stuff that gives at least $100 profit) , and how do you gauge the sellability?
For instance, I found a product that I believe I can make between 40 and 80 dollars profit on, but when I check the completed listings 10 of this item were listed in the last 40 days, but only one actually sold in the price range I needed it to (i.e. above $600 dollars).
My big issue is that, I could probably sell one or two in that "above $600" range to make my profit, but i would have to sell a lot of them to make any real profit ($1k a week is my goal) and from ebay history it seems as though selling more than 1 per month might not be possible.
So, going back to the beginning:
What profit do you look for in a product
What tells you that you will be able to sell the item in quantities large enough to make good money?
Thanks,
Lumien
For instance, I found a product that I believe I can make between 40 and 80 dollars profit on, but when I check the completed listings 10 of this item were listed in the last 40 days, but only one actually sold in the price range I needed it to (i.e. above $600 dollars).
My big issue is that, I could probably sell one or two in that "above $600" range to make my profit, but i would have to sell a lot of them to make any real profit ($1k a week is my goal) and from ebay history it seems as though selling more than 1 per month might not be possible.
So, going back to the beginning:
What profit do you look for in a product
What tells you that you will be able to sell the item in quantities large enough to make good money?
Thanks,
Lumien