2. If you were considering selling products on eBay, would
it help you to know what ebay buyers were looking for,
and no one else was supplying? It seems like a rhetorical
question with an obvious answer but few ebay sellers
are taking advantage of an opportunity that is basically
free for the taking.
3. On the eBay site there is a section called "Want-It-Now"
and you've likely seen it but you should really look into
it because there is a literal goldmine of information
available to anyone who takes the time to analyse the
data supplied.
4. Smart eBay sellers are using this readily available
information to extract high demand and low
competition product and niche selling ideas from the
data.
5. The "Want It Now" section is a place where hungry eBay
buyers post their requests to purchase a specific product
or service. eBay sellers can respond to these posts by
directing the prospective buyer to their own auctions.
6. If a lightbulb is going off in your head right now, then
you are very astute and ahead of the curve in terms of
competive market advantage.
7. It's a simple idea and you are looking for a repetitive
trend in what "Want It Now" buyers are looking for. If
several posts are seeking the same product or service
then you've identified a high demand niche with the
potential for great selling opportunities.
8. The key though, is to identify those product niches that
receive little or no responses from eBay sellers. Once
you've targeted these, you have the sellers optimum
situation and that is a high demand product with low
competition.
9. So far it sounds quite straight forward but the in depth
analysis required to really find the gems is a little more
complicated. The way I had been doing this was to
import the raw "Want It Now" data into a spreadsheet
program like Excel, in order to sort the data and identify
the most promising markets. I'm not really proficient
with excel so this became a major hurdle.
10. Fortunately I stumbled across a software solution which
simplified the process for me and in a few minutes was
able to extract the "Want It Now" data uncovering high
demand, low competition product or niche ideas in
minutes.