Are you considering starting a home business and are you looking for a niche market to serve? Maybe you already have a home-based business and are looking for new niches to serve. Either way, here’s an interesting tool called AuctionYen.
AuctionYen works from eBay’s Want It Now data. This is a bit different from other 3rd party eBay solution providers like Mpire Researcher and HammerTap Deep Analysis which draw from eBay’s listings and report on historical sales data.
Want it Now is a place on eBay where buyers can go post items they are desiring to purchase along with any specific requirements that go along with them. It’s kind of like eBay’s answer to Craig’s List. AuctionYen taps this data and spits out 1, 2, 3, 4, and even 5 word keyword combinations that appear frequently in the Want it Now listings along with a rating score. This can give you some really interesting insight into what eBay buyers are looking for. You can view the demo video here.
A couple of things to note here. This tool tends to favor collectable-type niche markets. Buyer’s that use Want it Now are likely to have already tried searching for something among eBay’s listings and perhaps did not find it. Usually the Want it Now listings are for something very specific and often hard to find.
Also, AuctionYen, like so many other eBay related products is just a tool. It’s not a magic bullet and should be used along with some common sense and some analysis of your own. Having said that, this product does what it says it will do – helps you get some ideas for niche markets to serve. So if you ‘yen’ for an eBay niche for your home business, check out AuctionYen!