Friday, May 16, 2008

Instant Niche Business Profitability Research


Often times new instant niche business BANS users jump right into building a niche store without knowing if it is even profitable or enough of the items are being sold. I highly suggest you research your niche products using Terapeek and get get an idea of the average selling price and monthly sales volume for each item you will be focusing on. After finding the eBay average selling price you can visit the eBay calculator site and insert the average selling price in the opening and closing price boxes and then uncheck the include PayPal fee checkbox and click on calculate fees button. Take the end calculated number and times it by 55% and this is what you stand to earn on average per sale. I usually shoot for items that will average more than $25.00 per sale on eBay. Also you you want to take notice of how many items are selling during a 7 day period. Hopefully the number you are looking at is over the 50% rate with at least 200 listings per week.

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1 comments:

Anonymous said...

That is an awesome resource, THANK YOU SO MUCH!!

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