Is it possible to find just one niche market on eBay and make a living doing it? Definitely. But the hard part is finding your niche. Here is a step by step plan to not only finding your niche, but finding a profitable one.

Step One:

Make a list of all the possible niche markets. Ideally, these should be areas that you are familiar with, such as hobby supplies, something you buy or admire regularly, something you collect, or even something you have that gut feeling that you could make a good profit selling online.

Step Two:

Start a worksheet listing five or ten items in each of those niche markets. Choosing a mixture of hard to find (but not so hard to find that you won't be able to find any to resell!) and best selling to get a good cross-section of each niche market.

Step Three:

Next to each, place the price you could realisticly purchase each item for. Don't forget to factor in shipping costs or sales taxes into this purchase price. And since most sellers will be selling in US funds, be sure to use a currency calculator to change your prices into US funds.

Step Four:

Begin searching completed auctions on eBay.

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