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Auction Business & Entrepreneur Mindset Frank Ross on 12 Jan 2007 08:24 am

Why I like selling products on eBay

I prefer to sell physical products versus selling a Service or Information Products. Don’t get me wrong.  There’s nothing wrong with selling a specialized service or information products.  They’re both viable and potentially profitable ways to build a business. 

In order to start a service based business or build a business around an information product you need to have specialized expertise in one or more marketable areas.  For example, you can’t just wake up one day and say “I’m going to start a bookkeeping business from my home” without having a solid foundation and preferably some experience in keeping books. Similarly, you can’t just say “I’m going to write an e-Book on Stock Investing” without having some very specific knowledge in that field.

This is great work if you can get it.  What happens if you don’t have a reasonable level of knowledge in a marketable area for service or information products? How about selling physical products?  Apart from eBay’s contemporary issues, it is still a great place to sell because you can turn product over quickly.  With strategic, well thought-out purchases, you can often turn the product before you have to pay for it! 

I am both an eBay evangelist and an eBay critic depending on the day, the lunar cycle, and other intangible factors.  I also see eBay as a springboard to bigger and better things rather than a permanent end-all solution for a business.  So if you want to just start a business, I still think eBay offers a good vehicle for that.
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2 Responses to “Why I like selling products on eBay”

  1. on 12 Jan 2007 at 12:36 pm 1.Roman said …

    Does someone tried to buy or sell something on http://www.ubid.com http://www.ebid.co.uk/ or something smaller like http://www.inetbid.com ?

  2. on 12 Jan 2007 at 3:28 pm 2.Frank Ross said …

    Roman, I ran a test on Ubid and while I admit I did not really go all out, I sense there are too few buyers there to support anything but the ‘hottest of the hot’ items.

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