subject: Set up an Ebay Business Successfully by Building a Solid Product Portfolio in Micro Niche Markets! [print this page] Set up an Ebay Business Successfully by Building a Solid Product Portfolio in Micro Niche Markets!
Micro niche markets are simply the way forward when
it comes to guaranteed success in an online
business and eBay is no exception!
Obviously, your success online will highly depend
upon how well you research these micro niches and how
they will translate to sales on eBay?
However, what I'm driving at is how you should structure your eBay store!
So let's say you are targeting your eBay business
within the skin care market, and you have run successful
trials selling, for example, an anti-aging cream!
That would mean you're selected niche is anti aging
and the cream itself would be the micro-niche product
that you would probably trial again to make sure and deem it
successful enough to sell as your first product line
within your skin care business!
Now, you can see how micro-niche products are the way to
slowly but surely create a solid business foundation!
However, now we need to build on this, so hypothetically you
have a micro niche product line up and running, and you also
have created your first category within your eBay store, which would
be anti aging. You can now go to two ways with this, either build on the
success of your anti aging line, with more micro niche products
under this category!
Alternatively, research, trial and deem another micro niche skin care product say
a moisturizer and get that running as your second product line within your
second category!
So what that means is you have created a solid business foundation
within your eBay business with the anti aging line, and now you have
targeted a buying audience that needs moisturizers as your second line within
the moisturizer's category, so that's two categories!
So I'm sure you can see, it's just a simple case of building on it
with more micro niche skin care products from within more micro niche categories!
Of course that's an example from within the skin care niche, but its a
business plan that will work well for any niche marketplace providing
it's in a supply and demand situation!
For instance, the same category formula could be structured within
your eBay store for the diet and weight loss market!
Another fine example would be, an eBay business selling, collectable
memorabilia a really profitable area. I mean let's go really niche on this.
They could be famous people. You could have a category on say Elvis
Presley selling anything in relation to him, then another one on Bruce Lee,
another on Marilyn Monroe, Buddy Holly. These are excellent examples.
You see each of them world class celebrities are actually a micro niche
market and product. They are targeted towards devoted fans who would
trawl eBay looking for anything to do with these icons in the form of souvenirs!
And another thing to note is, dead celebrates are extremely hot subjects who
people are willing to pay good money for, did you notice that all the famous
people, here are deceased!
I'm sure you can see now how, setting up an eBay business successfully
building a Solid product portfolio in micro niche markets is the ticket to ride,
you know it's a great start for any new to getting started on eBay!
