As I make plans for my re-entry into the Online Auction business, I have decided that I am going to go for a little different approach to the business this time around. I’m going to use a “two pronged approach.” Hmm….
What do I mean by a “two pronged approach?” Let me explain a bit, and after a few paragraphs you should have an idea what I am talking about.
You see, when I first started selling on eBay, in 1998, I lived in the USA. I had lived in the US all of my life, except for a short 2 year stint in South Africa when I was a young child. But, my mindset and my business practices were decidedly American.
From 1998 until 2000, I was a regular fixture on eBay, selling all kinds of goods, and making some nice money doing it. In 2000, I relocated to the Philippines, and began a new life here. In 2002, I decided, at the urging of my wife, to get back into online auction selling to make some extra money. We were still fairly new in the Philippines, and needed to learn how to make a decent living here.
Naturally, my mind instantly went to selling things on eBay. For me, that meant selling things to people in the USA. Being in the Philippines, I could see a number of items that I could buy cheaply here in the Philippines which would also be in demand in the USA, so I could see that there was money to be made. I got started, and I did really, really well on eBay from here in the Philippines.
eBay Philippines got started sometime around 2004 or so, as I recall. I’m sorry, I don’t remember exactly when their Philippine site went live. However, when eBay Philippines came on the scene, I had little interest in it. It was my feeling that there was little value in selling on eBay Philippines. At first, I think my thoughts were correct. But, after some time, eBay Philippines began to take off. Of course, eBay Philippines is not as mature as eBay is, but it is moving ahead.
Now, with eBay Philippines becoming a better marketplace, and also with me having lived in the Philippines for an appreciable amount of time, I see opportunities that I didn’t see before. I can see opportunities to source items from the Philippines and sell them to American customers via eBay, and I can also see opportunities to source items from the USA to sell to Filipino customers on eBay.PH. There is a market, and I intend to tap that market.
One of the advantages for me is that having lived in both places, I know what is available in each place, and I also know what is in demand in each place.
So, my approach will be two-pronged. Get it now? What I mean is that I will source products in the USA to sell in the Philippines on eBay.PH, and I will source products in the Philippines to sell on eBay.
I believe that with my knowledge, and my ability to source the right products, this is a winning strategy. I will soon find out.