Unusual Business On eBay Grosses More Than $20,000 A Month With A 98% Closing Ratio

A casual stroll through eBay's listings may lead you to belive that there isn't much money being made on eBay.

After all, 50% or more of the listings aren't receiving even one bid!

Good, that's exactly what you're supposed to think...unless you're a POWER TIP Member!

Here is a niche markets on eBay, if you will that is a proven winner. The seller may or may not know what a good thing they have... I don't know.

There's lots of room to think creatively here, beef up some of the marketing and selling being done and create a very nice income for yourself.

OK, ready? Let's go!

Musical Intruments? And Gear? And ...

eBay seller "
catindrum@aol.com" obviously has found a very nice niche in the area of music! I'm talking specifically about things like Yamaha DX-100 Synthesizer's and EQ's and Bass Drum Mic's, etc...

And it looks like he's just getting started. Take a look at his listings that have closed over the last 30 days:
Click here

Here are the highlights:

  • From April 16, 2001 to May 29th he listed 114 items, and

  • Successfully closed (so far) 112 of them, or 98%!

  • His gross revenue from sales is $20,001.41. Yes, $20,000 a month.


Know I don't know very much about this type of equipment, I'll admit. You may not either. But that doesn't matter. Here are a few ways to tap into this niche starting tommorrow. Whatever you don't know know can be learned.

First, get familiar with the type of equipment by contacting the manufacturers of the equipment. Look up their web sites and take notes on different model numbers. Check the current list prices from several online dealers.

Second, get familiar with prices in the secondary market for this type of equipment. You can look through hundreds of newsgroups and auction web sites to start determining secondary values. Keep a log of all the offers, bids and sales over a year's time and then...

Wait a minute!!! You may retort, "Well gee, Dave-- that sounds like a lot of work...can't you make this a little easier for me?"

Hey! It's me! Of course I can make it easier!

Pay attention...here's a secret. There's a nifty little site that gathers intelligence from all over the net..."once every night, the service goes out and retrieves any new items from several sources, including news groups (NNTP), auction sites, music sites with used gear boards, etc. After it creates a list of what it thinks could potentially be music items for sale, it tries to eliminate duplicate entries (ie; someone posting a forsale post on two different newsgroups, or on the newsgroups and a message board as well). After it's satisfied with the intermediate data, it attempts to identify manufacturers as well as products; if it's finds a sufficiently accurate match, it's added to the products entry in the database".

WOW! What a cool source...and this makes job #1 and job #2 a breeze!

Not only does it list recent prices for used instruments, it lists just about every manufacturer of these instruments in alphabetical order and includes list prices and resale popularity and trend pricing!

Where is this fantastic source located? Here:
http://www.prepal.com/

Now that you have manufacturers, models, prices and popularity it's time to make money.

There's a few ways you can start...buy wholesale directly from the manufacturers or start buying used equipment from individuals. My guess is that manufacturers have their 'dealers' and large quantity purchasing requirements...but maybe not...it always pays to check.

There's another way though that I think makes more sense...here's the way I would profit from this opportunity...I would be "THE" source for anyone in my area that wanted to sell their musical equipment on eBay... take a look at
eBay EZ Money-Maker #4: "Sell Something That Doesn't Belong To You!" for more information on this strategy.

Call used shops, place an ad in the classifieds and take, on consignment, all the musical equipment you can, pass on the "listing fee" and the "final value fee" (make sure you get it up front- estimate the final sales price) to the seller and take at least a 30% commission on the gross sale amount.

If our eBay seller, above, is doing his sales this way, he made a clear profit of $6,000 for the month with no risk!

This is a hot market...capture the profits! - DV


Entire Contents © Copyright 2001 by David Vallieres. All rights reserved.