It’s 2013, a new year, and I plan on it being one of best years yet! I have set my ebay goals and put an action plan in place on how I’m going to achieve them. For me, this is the year for growth; I want to grow my inventory selection, and consequently, make more money! Through out 2013, I am going to have one post a week dedicated to finding new inventory.
Recently, Amy and I were racking our brains trying to figure out where we could find new inventory to sell on ebay. We were asking each other questions like, “What do people like” and “What is a niche that we haven’t found yet?” That’s when it hit me. We have had a great tool available to us all along. This tool not only gives us good ideas on new items, but it also tells us the popularity of the item. Basically it does all of the market research we need, and now all I had to do was scrub it against ebay to see if the products were profitable enough. This tool is called Pinterest.
If you are not familiar with this free social networking site, here is how they describe themselves:
“Pinterest is a Virtual Pinboard.
Pinterest lets you organize and share all the beautiful things you find on the web. People use pinboards to plan their weddings, decorate their homes, and organize their favorite recipes.Best of all, you can browse pinboards created by other people. Browsing pinboards is a fun way to discover new things and get inspiration from people who share your interests.”
For me, I like to look at only three categories – Geek, Products, and Technology. Lets take a closer look at how this can help us ebay entrepreneurs. For example, lets take a look at the Technology category. When you first logon to Pinterest, you see an endless board of “pins” related to the category you are in. You honestly can spend hours scrolling down and looking at new products that are mostly for sale, and when you find one that you think is interesting, all you have to do is click on the picture for more information.
The best part about Pinterest is the ability to see how many people like it and have repined the item. Lets take a look at the item on the left. This is a picture that is titled, “The Hobbit Deluxe Sword”. You may or may not know about the Hobbit niche, but thats the beauty of Pinterest. It opens your eyes to new products. The most important part of this pin are the “likes” and “repins”. You can see that 9 people liked it and 18 repined it. So what does that tell us? It says that there are at least 18 people who have seen this product and thought it was cool enough to repin it and keep it in their virtual pinboard.
Now, we don’t want to sell to the 18 who have repined this item, because they already know where to find it, but if the price is right, we can sell it on ebay. Clicking on the picture reveals the price, and then you can compare it to ebays completed listing to see if this product is right for you.
To give you a great example, I was able to find a waterproof radio on Pinterest that ended up being my number one seller through out the holidays. I sold over 100 of them through out December alone! The best part of Pinterest is that it’s free, so check it out today HERE, and see what you can find!