Sunday, June 16, 2013

Sunday Tip..

Patience is a virtue.

I don't know if that famous saying is from Aristotle or if it's perhaps a Chinese Proverb.  What I do know is it's true......and a test.  As I sit here watching the US Open unfold on tv, I remember my more competitive golf days.  When courses are set up this tough, patience is truly a virtue.  You learn to take what the course offers....what your day brings.  You do what you can to set yourself up to the best of your ability for those quality opportunities, but when things don't fall........you just wait it out and grind up another opportunity you will hopefully cash in on.  More championships in sports are lost rather than won.  Remember that when struggles start rearing their ugly heads.

Case and point...........new niches in Ebay.  Try to remember back to when you were brand new.  Heck, you may still be there in your opinion.  I often think I am.  How often did you check to see if something was getting views, watchers, interest?  How often did you listen for that app on your phone to ching?  All the time, right?  But, what was the advice you received when you found groups online that contained the experienced sellers?  List more!  Wait it out!  Do your research and you'll be fine.  Am I right?  This is exactly what you need to remember when you venture into a new niche of selling.

When you leave your comfort zone, you are a brand new rookie in a sense.  Yes, you have experience to draw from.  BUT, you are so anxious to do well that you often revert back to your old newbie self and start staring at the phone....hoping it chings.

As I venture into blue jeans, I see the same thing happening to me.  I am here to tell you to exercise PATIENCE.  You have a little experience.  You know how to construct a title.  You know how to take photos (maybe not perfect, but likely perfectly effective).  You know how to find the correct pricing value.  You just have to build your listings and let the opportunities come to you.

Many run out of patience and start lowering their prices in a panic.  I equate this to the stock market daytraders selling on the dip.  They don't wait it out....trusting their abilities.  Instead, they freak out a bit............and cost themselves money.  Don't take me wrong.  There are times when flipping is fun, or can fill a void in your selling strategies.  But, there needs to be balance in your selling structure for a few higher priced items you are willing to sit a little while on and maximize your profit margin.  And, that requires............PATIENCE.

So, join me and take the fingers off the phone.....off the computer for a minute.  Be the veteran you are and let the opportunity come to you.  Just keep listing and keep setting yourself up like a golfer on a tough course.  The opportunities will come to you.............if you exercise patience.

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