If you think you've found a niche to sell whats the best advice

[moneyhustler88]

If you think that you have found a niche in the market..perhaps to sell on ebay or amazon..what advice would you guys give to someone who's thinking about setting up on ebay? If they've done they're research?
I just wondered

[wilburnet]

advice like that is sacred , we never tell and tell lol .

[moneyhustler88]

lol ture a suppose true..suppose ill have to try my niche and see if it works out lol

[Batman]

this question doesnt really make sense its kinda pointless tbh no ones gonna tell u sh1t like that.

[GreenBean]

Keep strum

We are all The Borg, aka your competitors

[zoneout]

In general, the same business sense applies to niche as anywhere else. Dont tie up huge amounts in inventory - especially slow moving inventory or stuff that has a short shelf life - like Justin Bieber lunchboxes. Know thy competition. If you can get friendly with competion make a non-compete pact over certain items. Like he sells pink shoes you sell green shoes so can avoid wars. Same basic stuff really - nothing special about a niche only that your target audience and supply is limited.

[AmazonStealth]

create your own site, patent it, sell it to a company(s) that can use it, and live like you hit the lottery.

[moneyhustler88]

What i mean is..say you have an idea..you've done your research and want to start selling on ebay or amazon or play.com etc what advice would you guys give for a new business.

And zoneout thanks..this is the kind of advice I was looking for..and thanks Amazon Stealth..well am going to give my niche a shot today..if i fail i lost money but hey i suppose some risks should be made eh

[Packattack12]

Sometimes the biggest risks pay off in the end. Myself I'm a huge risk taker - I win some I lose some, but I get a thrill out of it.

[GreenBean]

Originally Posted by moneyhustler88

If you think that you have found a niche in the market..perhaps to sell on ebay or amazon..what advice would you guys give to someone who's thinking about setting up on ebay? If they've done they're research?
I just wondered

Take the plunge.

Recall that video you made when you first joined?

You attempted to do what you wanted.

Same thing for finding a niche. Try it out.
Good Luck too

[AmazonStealth]

Keep in mind if you are an extreme niche, than people arent going to find you. You need to find them.

[rsot]

Advice : Try not to involve family let alone friends - especially when starting.

[Mrkashmir]

good advice id like to add...

be prepared to fail and fail be it few years before you are truely successful with a niche that works.

all the best lol you'll need it ;p

[zoneout]

Originally Posted by Packattack12

Sometimes the biggest risks pay off in the end. Myself I'm a huge risk taker - I win some I lose some, but I get a thrill out of it.

Trump calls this compulsive behaviour and he fires people for it. Very dangerous.

[zoneout]

Originally Posted by moneyhustler88

What i mean is..say you have an idea..you've done your research and want to start selling on ebay or amazon or play.com etc what advice would you guys give for a new business.

Start slow. Nobody knows everything unless you are Roscoe. Even people in business for many years have to keep learning and adapting unless you want to end up like Blockbuster videos.

[moneyhustler88]

Haha thanks guys. Yeah well I definetely think one piece of fantastic advice here was about inventory. And i am starting slow. Because it's a niche i've seen im so ready to jump in now but I've decided to order 5 stock now..just to see what the quality etc is llke+ to avoid dropshipping. Hopefully it works out. I'll only probably make £15-20 a item i'm guessing/hoping but it's something..and am hoping i can go into the niche in a bigger area if this pays off..as right now I desperately need the money

[Sandy D]

I am sure glad my "niche" is not a new product line.

I sell new products but they are not my main focus.

This is why I stick with what I know and have some competitors but always do well because of the years of experience and knowledge I have in that area.

My niche is awesome because many people dont know the manufactures, years made, odd ball or sample items made, rare pieces, patterns etc like I do and I benefit greatly from many peoples lack of knowledge.

[moneyhustler88]

Yeah sandy..

[culexevilman]

Well I guess if you found a money making niche, its best that you tell no one, seriously not even over the internet... just rake in the cash and smile.

[moneyhustler88]

yeah so far I've made a bit of cash..now its just planning for the future..stock etc

[Sandy D]

Originally Posted by moneyhustler88

Yeah sandy..

Stopped yesterday and left some bids at an antique auction.

Was called today to come and pick up the items I won.

Best thing is I wont have a million of the same thing I have to compete with.

Did not get over to get them today but wanted to because several of those items were absolute steals and I never thought I would touch them.

I was given a lead of an importer of authentic sunglasses recently who provides places like Macys etc with different items but looking on ebay, holy crap a gazillion of the same types, styles etc.

[Roscoe]

Originally Posted by zoneout

Start slow. Nobody knows everything unless you are Roscoe. Even people in business for many years have to keep learning and adapting unless you want to end up like Blockbuster videos.

I wish I knew it all. No one ever does.

If you stop learning that's the day you start to die.

I pay over $1,500 every single month to be coached and mentored. Tiger Woods, Michael Jordan have coaches and so should you.

Change is inevitable, in fact, a rule of marketing is you must change or your customers will go elsewhere.

Customers like change and inovation. Just ask Apple.

Planned Obsolesence is built in to their product line.