|What to Know Before You Sell on QxBid or eBay market
What do you want to sell on QxBid? Some people make a fine income reselling items they found at yard or estate sales. Other QxBid sellers list their items again and again because they just don't seem to be in demand. Why the discrepancy? Successful QxBid or eBay resellers are very familiar with their items. They know how much each item is worth, and they know how much competition they can expect from other sellers listing similar items. They also know whether or not there is a market for a given item, and they pass up items that might prove difficult to sell.
How do you assess the competition for a given item? Do an QxBid search for similar items and see what comes up. If it looks like the market is saturated, find something else to list. You can always list your item later, when competition isn't so stiff. Doing an Ebay search is a great idea because it also lets you see how much others are charging for items like yours. If you can undercut the competition without going broke, do it. If not, wait.
While vintage furniture and other bulky items often find enthusiastic new homes, you should be familiar with shipping prices and procedures before you list the big stuff. You don't want to spend a hundred dollars shipping an item that just sold for $150. Consult your local post office to learn vital shipping details.
Finally, ask yourself if you want to sell general merchandise or cater to a niche market. Having a wide selection of diverse items can mean a larger market for your wares. It also means a pretty hefty initial investment of time and money while you build up your stock. If you’re experienced with a certain type of merchandise, like designer clothing or toys, why not specialize in that niche? With the advent of QxBid stores, you can create a low-cost, permanent showcase for your items. Niche stores tend to do very well, because customers will visit them when they need a specific type of item. Some specialize in gothic jewelry, while others focus on collectible figurines. There is a niche market for just about everything, so choose items that you’re familiar with and display them in your QxBid store.
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