Nintendo Wii Prices Going Bananas On eBay

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Sometimes we can entertain fantasy world thoughts about eBay and what we can sell there and at what price. Sometimes finding a hot product ahead of time is wise investment. I hadn’t figured that the Wii would be this way but buyers just won’t calm down on this.

I may be going out on a limb, but you can’t afford to ignore this. If you can only take away one thing, Sometimes you have to take a risk when buying products for resell on eBay..

A look on eBay shows prices for the Nintendo Wii console already reaching $350-$450 and seem to be headed up even more.

I can say that I , in practice, don’t think it’s a good idea for long term eBay profits to gamble on the latest trends. Usually you’ll be too late to the party and you’ll lose money. In the long run, what I discern is that if you do tangibly prize your eBay business you’ll stick to your product line. It is amazing to me how anyone can’t get this obvious truth. But, if you want to turn a quick buck on things like the Nintendo Wii , set up a separate ID for your quick buck items.

To stick to the point, here are 4 quick points about selling on eBay:

  • eBay shouldn’t be used under a lot of circumstances
  • You don’t want to get stuck with a product that has no popular appeal
  • Speculation on eBay is often the source of the problem
  • Selling for a quick buck can be tricky

I think I’ve given you a good reason why I advocate not being a trend follower when selling on eBay. There are virtually no reason to oppose them.

This entry was posted on Friday, June 6th, 2008 at 8:58 pm and is filed under Online Auctions. You can follow any responses to this entry through the RSS 2.0 feed.

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