Do you know how many people in US are earning their livelihood with the help of eBay? According to a new survey conducted on July 2005 by ACNielsen, a leading research firm, an astounding 724 thousand Americans respond that they rely on eBay for their main or supplemental income. Apart from these professional sellers, another 1.5 million people confirmed that they generate additional income by selling goods on eBay. Last year alone, around 150 million registered users have sold over US$ 34 billion worth of goods on eBay. Isn’t it amazing?
Why entrepreneurs are flocking into eBay? Some of the reasons are quite apparent.
• Starting a business on eBay is easy and quick
• You don’t require large investment
• Anybody can start an eBay business, no special skill is required
• You can sell virtually anything on eBay
• With your eBay business you can have flexible work time
• You have a ready-made market of over 150 million people and counting
• eBay get 1.5 billion page views each month. You get access to this massive traffic almost paying nothing.
So, there is no wonder that anybody with slightest penchant to have their own business will jump into this great opportunity. But, there are two major problems that many of the would-be eBay sellers encounter. The first is what to sell and the next is where to find it.
What to sell?
According to Forrester Research, a major research company, this year, categories with products purchased by women will have the most growth in online retailing. Some categories
