eBay Sellers Break The Bank
March 26, 2006 (PRLEAP.COM) Business News
eBay sellers have been experiencing dramatic sales increases.Their sales are growing larger, along with their profitability.
What is the secret of these successful eBay sellers?
“eBay sellers have started to focus on brand name clothing. This strategy works because of instant name recognition and strong customer demand for brand names,” said Donny Lowy, the CEO of www.closeoutexplosion.com
Donny runs www.closeoutexplosion.com an online wholesale business which supplies brand name clothing to eBay sellers, flea market vendors, and retailers.
The eBay market has grown in sophistication from its humble beginnings. While originally used to dispose of unwanted goods, or used items, it plays a different role now.
eBay is now used also by sophisticated entrepreneurs who sell exclusively on eBay.
These enterprising eBay sellers treat their eBay selling like a real business. When not listing items for sale they are searching for items to sell. Research is an important aspect of their business since it helps them decide what to sell.
“I always recommend brand name clothing to my eBay customers,” said Donny, “they don’t need to convince customers to like their clothing, since the brands themselves spend hundreds of millions of dollars advertising their products every year.”
Sellers of brand name clothing benefit from the popularity of the brand name clothing that they sell. Since shoppers are always looking for bargains on brand name clothing, they also benefit by purchasing clothing from these eBay sellers.
“When I supply a Tommy Hilfiger or Ecko pair of jeans to my customers for $12, they can then resell it on eBay for up to $25, giving themselves over a 100% profit margin, while saving the eBay buyer up to $50 on his purchase.”
As the eBay marketplace draws more users the opportunities for eBay sellers will only increase.