AuctionCut

This got too long so the last 3 paragraphs or so are my questions.

I've been a net person for a very long time. Since I was 14/13 I'm 25 now.

I'm kicking myself for not starting earlier since already established eBay businesses seem to have it way easier. I always wanted to start on eBay people were buying more almost every auction had a bidder things weren't so severely undervalued due to pricing wars even bad quality items. I even bought my fare share of bad stuff but left a positive. I have a feeling had I started the moment I thought about it I'd probably be pretty big on there. Even before people were doing it I was thinking of using eBay to redirect to a actual website and use it as a way to get a business going. One of those things you wish you could go back on.

I didn't do all this because I was still young and couldn't get a job until I was 18. And when I was old enough I procrastinated because having a job and money to buy things instead of beg your parents was really nice.

Then I started concerning myself with other things relationships, moving and just a string of bad luck and procrastination ruined my chances. I still think there may be hope and I'm just needing some advice from people already established.

My question is about the dreaded but so familiar N word niches.

I've been selling jewelry lately for my mom with some success. My first auction ended badly but it's good that there are still nice eBayers out there. Most bids I ever got and it was my fault for not looking the item over properly, but no neg thankfully.

The truth is though, I really don't know anything about jewelry other then gold is more valuable then steel or silver. I bought some necklaces from a wholesaler that sell pretty well on ebay based on my research. My layout an such looks good just my description is lacking. I do have one watcher for it.

I'm deciding that I should just forget about it entirely though. I love electronics, computers, video games, cell phones just anything tech. I know there are tons of competition for it though. But I actually know about those things. I've built my own pc so I have a good clear idea on how to describe something or give them a little extra customer service should they need it.

If I had the business I could do so many great things. I've worked with customers every job I've had, I've been a consumer, I'm good at identifying problems with even big corporations and how they could fix them. I do think I know a lot about business strategy. I just don't have the business yet.

Should I do electronics or any of the above and related items? There are much benefits to it even I saw despite competition. Even if the items don't sell they are something I'd like to keep. I know a good bit about it so I could potentially stick out.

The main problems are not being able to get a hold of brand names for long time and established competition. Can the little guy win?

I have more questions on my mind but this is getting to long thanks for reading it all if you did.

A lot of people are under the impression that electronics is a highly profitable market. However, this simply isn't true, and in fact, electronics is actually one of the most competitive markets to sell online. This industry has always produced very low margins from the wholesalers to the end users and selling platforms like eBay have only tightened these margins even further.

At eBay, most electronics sell at the wholesale pricing or even below wholesale, proving just how intense the competition is.

And how, you may ask, do these sellers make money? The truth is, plenty of them don't. Checking back on some of these sellers after a couple of months time, you may well find that they are get of business. Other use some very canny marketing and sourcng tricks, which we've listed below.

The whole point is, it is more difficult to make money in this market than it appears.

If you'd like to stick with the electronics industry, here are possible solutions that we suggest:

* Use liquidation suppliers, this is to get bulk lots at prices which are well below wholesale.
* Buy from wholesale suppliers in very large quantities (and when we say very large, we mean a spend of $200,000 or more) - this is how the big eBay powersellers do it.
* Increase and establish your feedback and secure a powerseller status BEFORE entering the electronics market. This will give you more visibility in the search.
* Try selling through your own website or via your eBay store if possible, as buyers generally pay more from these venues than eBay.
* Add third-party extras and up-sells to your offering /orders. These will help you bump up your margins to a much more acceptable level.
* Better still - how about considering selling electronics accessories rather than electronics themselves. Accessories are also very popular, cost less to deliver, have less competition, and can allow you much greater margins.

Hope this helps.