Building a business around your hobbies and interests
“Do what you love and you’ll never work a day in your life” said Confucius, and we agree. Make the decision easier on yourself by limiting your choices to products related to your interests. Selling products you love is not only motivating; it is also a heck of a lot easier! Let’s say you decide to sell designer fashion because you see it sells well, although you personally have never been interested in fashion. Pretty soon, each day will become a struggle when you have to force yourself to work on something you don’t enjoy. Running your business will quickly become something you dread and it’s highly likely it won’t succeed.
On the other hand, when you share your buyer’s knowledge and passion, you’ll find it a lot easier to make good business decisions because you know your market and feel excited about what you do. Do you love fashion or movies? Perhaps you feel excited about the thought of new gadgets and technology? It’s likely that there are plenty of other people who also share your interest – giving you an instant audience for your product. Jot down your interests and then make a list of products that are related to these interests.
eBay Market Research
The next step is to research your ideas. There is no point selling something that thousands of other people are already selling – nor is there any point trying to get people to buy something that they don’t want.Look for niche markets that have low competition and high demand – and be prepared to continually adjust your market as the demand changes. Unfortunately you can’t simply create an idea and then just sit back and watch the profits roll in. Things change so rapidly on the Internet that to be successful requires making constant tweaks and adjustments to your idea to fit changing demand. Luckily, we’ve created a special piece of software to do this market research for you and keep you informed! Salehoo members can grab a copy of our new eBay analysis software Auction Inspector. Get in before the crowds and be the first to find those hidden niche markets hiding in eBay’s “Want It Now” section! Auction Inspector scours the Want It Now sections of eBay US, Ca, UK or Au sites, reporting back on products that are requested often, but which haven’t received many responses from sellers. It’ll also tell you when the market is already saturated with sellers, so you don’t go wasting your time.
Auction Inspector has a retail price of $39.95 but we’re offering copies for only $19.95 to SaleHoo members only!
