Have you ever considered selling electronic items online? It’s a highly popular, yet very competitive market that I’ve never encouraged sellers to enter because it generally requires a large investment and results in low profits.
However, SaleHoo member Steiner Sorum from Norway has found that selling electronic items can work, you just have to diversify your market.
Read on to learn more about Steiner’s business:
Forum username: Steinar 1
What items do you sell? Memory cards, USB memory, watches, game console accessories, a few pet products, cameras and web cameras.
Where do you sell them? eBay, Tradera.com, Finn.no, QXL.no, Addoway, Nettmix and Webstore at the moment.
The electronic items you are selling are quite competitive – so they can be hard to sell. How do you deal with selling in such a competitive market? If I can see that I can make a profit I go for it. But if the competition is too hard I leave it.
On eBay I have taken chances with products and listed them at $0.99 and no reserve price to hold my costs down. I usually get a positive result.
My trick has been diversifying where I sell: I spread out on different auction sites in Scandinavia. What sells in Denmark is not the same I will sell much of in Norway , so it is worth testing the water.
How long have you been a member of SaleHoo, and what do you like most about it? I’ve been a member of SaleHoo for around one month. I like the directory where you can find suppliers, and the fact that there are reviews made by other members of their experience using the suppliers. I also like the forum where you can post for advice, and also the Education Section where I can search for information.
What one piece of advice do you have for other sellers? Be patient. You can’t build a successful business in a week. To successfully sell on eBay I had to work hard for at least three months.
What was the biggest obstacle you’ve had to overcome in selling online? Finding a product I liked and wanted to sell. In the end, I just chose items I thought would sell well, and did plenty of research to get to know the products. In the beginning, I had no idea!
What’s your favorite thing about making money from selling items online? The rush of selling products people want. And earning money!
Have you sold electronic items before? What was your experience? We'd love to hear from you, please leave a comment below.