Thinking about selling in an online marketplace or planning to open your own online store, but not sure what to sell? Well, you are in luck some popular online marketplaces give you a window into what type of products are selling like hotcakes! Having an idea of what type of products have the potential to make money online, can give you an upfront advantage, and is well worth the research!
Selling on eBay
EBay.com is one of the oldest and popular online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. Power-Sellers are among the most successful sellers on eBay in product sales and customer satisfaction. To qualify as an eBay power seller:
- You have an account in good standing that’s been active for at least 90 days.
- You must follow all eBay policies.
- Maintain a positive feedback score of 98% or higher.
- Have a minimum of 100 transactions and $3,000 in sales with US buyers over the past 12 months.
eBay charges two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. Insertion Fees: Also called listing fees, you get 50 free per month*, and beyond that, the fee for listing in most categories is just $0.35. (Some restrictions do apply.)
Final Value Fees: Also known as selling fees, they’re a percentage of an item’s total sale price. For most sellers, it’s 10% or lower! (Some restrictions do apply.)
Selling On Etsy
Etsy is a great place to sell your Handmade Items . Etsy is a peer-to-peer (P2P) e-commerce website focused on handmade or vintage items and supplies, as well as unique factory-manufactured items. These items cover a wide range, including art, photography, clothing, jewelry, food, bath and beauty products, quilts, knick-knacks, and toys.
Many sellers also sell craft supplies such as beads, wire and jewelry-making tools. Etsy has over 54 million users registered as members, and the online marketplace for handmade and vintage goods connects millions of active sellers with millions of active buyers.
The site follows in the tradition of open craft fairs, giving sellers personal storefronts where they list their goods for a fee of US$0.20 per item for a four-month period and a 5% of sale value, which an Etsy seller pays for each completed transaction.
Etsy Hot Selling Products
Do your research before jumping into selling on Etsy to get a feel for what people are buying. To give you an idea of what is selling on Etsy check out their popular selling items list and top-selling products list. Alicia Shaffer claims to be the most successful or richest seller on Etsy according to the business insider.
Selling On Amazon
Sell on Amazon and reach millions of Amazon customers. Amazon.com Marketplace is Amazon fixed-price online marketplace that enables sellers to offer new and used items alongside Amazon’s regular offerings. Customers can buy those items directly from third-party sellers.
Individuals and businesses can list products on Amazon. Sellers may sell their items using either an “Individual Account” or, for an additional monthly subscription fee, a “Professional Seller” account. Individual Accounts may add the “Pro Merchant Option,” but Professional Sellers are required to have the “Pro-Merchant Option.”
The “Pro Merchant Option” costs $39.99 per month; it eliminates the $0.99 per-item sales fee. Other sales fees are still charged. These consist of a percentage commission fee and a flat-rate closing fee.
If you plan to sell fewer than 40 items a month $0.99 per sale + other selling fees. Sellers pay a referral fee on each item sold. Items in several categories have a per-item minimum referral fee (i.e., sellers pay the greater of the referral fee or the per-item minimum referral fee). These prices are subject to change check Amazons detailed seller fees listing for more accurate information.
Amazon Best Sellers
For an idea of what people are buying in the Amazon Marketplace – check out amazon’s best sellers list of the most popular products based on sales. updated hourly.