Archive for February, 2010
Entrepreneurs are starting ventures every day and selling a whole range of new products and services.
Pay attention. It is always hard to tell what really works.
Some of the new services and items that people are offering the marketplace seem very bizarre.
But as long as the companies who are selling them understand their market, they will do well.
There are huge areas of buying and selling which take place which none of us understand because we have no desire to own or experience those things.
I hate licorice and white cotton nightwear – but these are items that regularly top the list of bestsellers in mail-order and online catalogues.
Sometimes it is a complete surprise to find out how much profit people make from selling the most weird and wonderful items.
E-bay started in a small way in 1995 with the sale of Pez dispensers – little tubes for sweets – and other collectibles.
Ask any retailer what their bestselling product is and the answer will probably surprise you – unless you are an avid consumer of that product.
As long as you know and understand your product and why someone would want it — and can get the pricing right – you can be sure there will be opportunities out there to sell it profitably.
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