Today starts Part #2.1 of “how to find out exactly what to sell on eBay for insane profits”. In last weeks blog post you learned “what” a “supply number” was, the importance of it and “how” to accurately ”drill down” and get it.

So let’s pick back up where we left off and get the correct “supply numbers” using my same example of “golf shoes” ….

If I was going to just sell “men’s golf shoes” then I would need to “drill down” further and collect the supply number just for “men’s golf shoes”. But for our example I plan on selling golf shoes for men, women and youth so it won’t be necessary for me to “drill down” any further.

So I will just grab the total supply number for men, women and youth golf shoes which turns out to be 4,122.

Now take the top #3 on your DHIP list and search eBay by doing the same. Write down the “supply number” next to each one that you research. If you’re market is narrow like “men’s golf shoes” then just write down that supply number for “men’s golf shoes”.

But if your market is broader like “golf shoes” then make sure that you write down the total supply number for all those sub-categories combined as in my example above with men, women and youth “golf shoes”.

And as you research each one on your DHIP list I also want you to pay SUPER CLOSE ATTENTION to any potential “niche markets” that you may spot that may have huge potential. Here’s what I mean….

Looking at the same exact example from above, what do you see now?

Do you see that (#4 in bright red)? It’s unfortunate but 98% of eBay sellers mistakenly miss this by flat-out overlooking it simply because they believe that finding out what to sell on eBay surely couldn’t be that easy.

Both “women” and “youth” show some low supply numbers which means that there might be possible “niche markets” here that may be untapped. Or then again it could mean that there isn’t a market here at all and that’s why nobody’s selling in it.

Either way you wouldn’t know until you “researched” the market and “weighed” it to see if it would be profitable enough to build a successful eBay business.

I just wanted to bring that to your attention as you search eBay going through your top #3 so that you’ll keep your eyes peeled for possible niche markets (they’re everywhere once you’re consciously aware). This is how I have built several of our most profitable eBay businesses.

I’ve been doing this so long that I can spot a hungry market within minutes of exploring it but I wasn’t like that when I first started.

Do you remember a few blog posts ago when I shared with you about our carburetor business and how my ignorance nearly cost us our first six-figure eBay business to the tune of $251,093.51?

Well – when I first explored drag racing and finally realized that there was “other markets” within markets from “drilling down” deep into all those sub-sub-sub-sub categories, the “supply number” for carburetors was only around 75-150. Which means that there was only about 75-150 auctions listed at any given time selling carburetors.

And do you know what that little voice inside my head said when I saw those low supply numbers? Something very stupid like ……

“Duane, there isn’t anybody selling carburetors so there must not be a market for it or otherwise everybody in the world would be selling them”.

Can you believe I said that ?????

My own ignorance cost me a bundle early on but I learned quickly from raising skinny kids. I wanted to share that with you because the only time that YOU’LL really pay attention and see these opportunities is when you’re researching.

Just like one of my mentors once told me….

“Very rarely will a good idea interrupt you”

In other words you have to be thinking about it, paying attention and consciously aware of what’s around you at all times. Awareness is a crucial part of success and it’s one of your “senses” that needs to be sharpened every day if you’re going to make money on ebay.

Listen, don’t get caught up and start chasing every little niche you may find. What will happen is that a month will go by and you will have not accomplished anything because your master DHIP list just grew to 300.

Now there’s nothing wrong with having a large master DHIP list to have multiple choices or to build multiple businesses from but when it causes you to get caught up in the “paralyses of analysis” – you’ll become paralyzed by analyzing all the numbers.

And when that happens you’ll lose your focus and become confused about which direction to go in, what to do next and or what eBay business to start with.

So follow this simple rule ….

If they fit one of your Top #3 then add them to it but if they don’t fit then put them on your master DHIP list. You don’t want to get distracted here because you can always come back to them later.

Okay, let’s finish getting up the “supply numbers” for each of your Top #3 and if you spot some potential untapped “niche markets” with low supply numbers then just add them to your master DHIP list.

Focus all of your energy and efforts on your Top #3 and when you’re done your chart should look something like this:

Okay – that’s it for this post. You definitely don’t want to miss next weeks post as I will be taking you behind the scenes with me and showing you one of our little-eitty-bitty eBay test businesses that generates $150,000 (+) per year.

I’ll be sharing how you can still make money on eBay even in this so called recession by practicing one simple technique.

And if you haven’t already done so, make sure that you’ve signed up directly below to receive the Advanced Blog Notifications and claim YOUR FREE copy of ……

“How To Avoid The 7 Deadliest eBay Sins And Profit”

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Chat Soon,

Blessings – Duane Hope

P.S. Go ahead and post a comment below and let me know your thoughts about todays training. And if you think this information will help someone else make money on eBay – then feel free to share it with them by using the “Share/Save” button directly below .