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Saturday, January 23, 2010

What's Selling Online And What's Not

As you may know, I'm constantly looking for ways to keep my readers updated. Now more than ever people all over the world are looking for ways to survive the global crisis. many are getting very inventive and doing things that we wouldn't have thought of doing during better times.

So habits have changed. For sellers and buyers. Many companies who at one time would laugh you out the door for your "ridiculous offer", have since reconsidered and actually make you ridiculous offers. Sometimes seeming "too good to be true". This is great for the consumer, but not so good for the seller. Such is now faced with very inventive ways to attract buyers and sell to them at a profit, even if much less than before. This usually translates to "more volume, more hours and stay afloat bottom line" Some companies like Mac Donald's, Walmart and other giants are actually doing better than ever. But this is the very narrow exception to the rule.

Let's face it, businesses overall are strapped for cash. Once the big banks got their bail out money, they thumbed their nose at their public, who was eager to get a share of the pie. It didn't happen. If you think banks were conservative then, they are now "Ultra-conservative". And that is an understatement.

So sellers and buyers share a similar plight: hard credit or none at all and very little cash at hand. Therefore it's good to know, if you're a seller of goods or services, what's selling online.

Here's a great article that I'll quote in it's entirety by an E bay pro. It opened my eyes some more as to what's really going on. I'm not an affiliate of his. I just wanted to share this with you:


What's Selling on eBay Now - Top Products During a Recession

As the recession deepens there is a seismic shift happening on eBay. The eBay platform has been dominated by large sellers of popular consumer products for the past few years. But today the large sellers are struggling as consumers lower their spending and expectations.
The new stars on eBay are the small sellers offering unique niche products, bargain products and most of all -used products. I don't want to sound like I am celebrating the misfortune of others -I wish we weren't in a recession and that people were not losing their jobs. But, when the economy goes into recession buying habits change --and the opportunities for sellers change with them.
People are now looking to save money. And they aren't turning their nose up at used products. I have spoken to several sellers of baby clothing and used adult clothing over the past couple of weeks and all of them report strong sales.
Some areas that are strong include the Do It Yourself (DIY) market and auto parts and accessories. In a recession people are keeping their cars and houses longer and doing improvements and their own maintenance instead of buying new, or paying someone to do it for them. For example, one of the hot product areas now are tools -both new and used. Auto parts and items related to car maintenance are also doing very well.
Babies & Pets: No matter how bad the recession gets people still spend money on their children and their pets.  The more luxury items drop off but the basics usually remain strong.
Crafts, games and items related to cooking are also hot areas. As people stay home more they look for things to do at home. Eating in is the new eating out so kitchen ware and gadgets are doing well. Sellers of art and craft supplies report firm sales as do those who sell games and other at-home entertainment supplies. Coupons are another hot seller as people look to save money.”

Skip McGrath The eBay Seller's News

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