Archive for Exchange Markets + Auctions
May 22, 2009 at 1:34 am · Filed under Exchange Markets + Auctions
With millions of auctions running at any hour of the day, there is no doubt good deals abound on eBay. From flea treatments for your dog, to a mini-van for hauling your family around, the selection runs the gambit. With everything under the sun for sale, the only thing an auction surfer needs to know is whether or not to actually put in a bid.
Recently I was auction surfing for a new 20.1 inch flatscreen LCD monitor. Like anyone else working from home, my equipment costs fall on my shoulders, and I must undergo a delicate balancing act between, do I really need it, and can I get a good deal. Having already perused a few dozen price and spec comparison websites, I had a good idea of which model I wanted and the average price I could expect to pay. A simple search for 20 inch LCD monitor brought up a few hundred to choose from. Prices ranged from absurdly high, to “you know it’s a scam” low. There were however, dozens of monitors priced at reasonable, yet believable prices. Too good to be true?
The model I had focused in one was from Dell. It had gotten good reviews, and the discount from dozens of eBay sellers was tempting enough to almost make me click the “buy it now” button. The shipping was indicated as “calculate,” so I clicked it and input my zip code. Almost $100 to ship an LCD monitor. High? Seemed that way, but I’ve never had one shipped, and anything is possible.
Hopping over to Dell’s site, I pulled up the same monitor. The price was much better on eBay, but the shipping from Dell was free. After some basic math, the cheap eBay price with shipping turned out to actually be one of the worse deals on that particular LCD I could get. Checking around, I soon found the stock photos and specs the sellers on eBay were using in their auctions, and putting two and two together, I figured out what they were doing.
The eBay sellers were using a rudimentary low price tactic. They mark down the price, and count on the buyer not checking the shipping until the auction has been purchased. Even with the high shipping, a buyer may still equate the price paid for the monitor as being a good deal, and just assume the shipping price from everyone is in the same ballpark.
What the eBay sellers were actually doing, was acting as their own dropshippers. They created an auction using Dell’s stock photo’s, claimed they had the items in stock, and used terms like “special purchase,” or “largest seller on eBay.” In actuality, they were selling the LCD to buyers, and then purchasing one from Dell after they had received the buyers payment. They then have Dell send it to the buyers address, and pocket the massive markup in shipping; in this case, $75.
The same tactic was used for desktop systems, laptops, flatscreen TVs, and several other items I looked at. While the “buy it now” price was substantially lower than anyone else was offering, the price plus shipping actually exceeded the final cost of everyone out there.
In this case, a little homework and price checking saved me $75. Unfortunately, after looking at the various sellers completed auction results (see my previous article for how to do this), I found there were a lot of people who had not bothered to check. Hopefully, after reading this article, you won’t fall into their ranks.
Chris Yarbrough writes for Ebay Guides, a free resource site with hundreds of articles and guides. You can view his guides at http://www.ebay-guides.com.
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May 10, 2009 at 12:08 pm · Filed under Exchange Markets + Auctions
Sometimes the simplest things can boost the number of visitors and bids to your auction listings and increase your eBay profits.
Robert G. Allen, author of Multiple Streams of Internet Income, writes, “If you are going to play online, then act like your life depended on it. Embed your web address and e-mail address in your off-line brochures, on your business cards, in every marketing message, and in every advertisement you place.”
This advice rings true for eBay, Yahoo!, and Amazon auction sellers as well. You need to make it easy for web-surfers to find your current auction listings. The more visitors your auctions have, the higher your eBay profits.
Create a signature file and add a link to your auctions with every e-mail that you send. Most e-mail programs will allow the reader to click on any phase that begins with http://. Your signature should include a short marketing message that directs the reader to your current auction listings. Here’s an example:
STAR WARS COMIC BLOWOUT! - All auctions open at 99 cents with NO RESERVE
Click –> http://auctions.yahoo.com/user/fearlessdf
To create a signature file in Microsoft Outlook Express 6 simply:
>On the Tools menu, click Options, and then click the Signatures tab.
>To create a signature, click New and then either enter text in the Edit Signature box or click File, and then find the text or HTML file you’d like to use.
>Select the Add signatures to all outgoing messages check box.
Additionally, you should consider promoting your auctions by including a link with every post you make on bulletin board discussions (such as Yahoo! eGroups), news groups, and in the various free classified ad listing services around the internet. According to Allen, these venues can often create the opportunity “to reach huge numbers of people, multiple times, over a long period of time.”
Make sure you include the web address to your auction listings on the thank-you note you include in the package sent to your winning bidders. A repeat customer is much easier to develop than a new customer.
It’s a waste of time and money to post an elaborate auction listing if you are the only one who knows that it is there. Don’t overlook or underestimate these powerful grassroots marketing campaigns when you are looking to drum up bids on your online auctions and increase your eBay profits.
Doug Feiring is the creator of http://www.AuctionLink.to - A free service that provides short web addresses that automatically link to an eBay seller’s current auction listings.
April 24, 2009 at 6:06 am · Filed under Exchange Markets + Auctions
Almost everyone now knows what Ebay is. For those that don’t, it’s an online auction website that is massively popular… and still growing. It’s great for people looking to pick up a bargain as well as selling things you don’t need. It’s also great for merchants. Ebay gives you the potential customers and the traffic. All you have to do is create an advertisement and sell your item. Ebay charges you a nominal amount to list your item and then takes a cut if it sells. If it doesn’t sell then you can relist it again.
Here are 10 top tips you should follow when buying/selling on ebay. These are my own tips speaking from experience as a powerseller: -
1. Before buying anything expensive, check the merchants feedback. Check that they haven’t built up a feedback rating on sand by selling cheap items. Fraud is not common, but it does happen. Do some detective work before committing to buy.
2. Pay by Paypal when purchasing items. If you don’t receive your item or you have problems with the seller, you can contact paypal and launch a complaint/investigation.
3. If you have a bad experience on ebay, before jumping in and leaving negative feedback, contact your seller. Communication is everything and small misunderstandings can blow out of proportion.
4. Before listing an item for sale, check to see if the price you are trying to sell it for is realistic. Ebay market is competitive so if you try and sell the really obvious, be prepared to be in competition with merchants that have massive buying power to negotiate deals.
5. If you have an item that isn’t selling, ask yourself why. Don’t keep relisting it. Check your picture, check your description, check the category it’s in and check the price you are trying to sell it for is achievable.
6. When dispatching an item to a buyer that has paid by Paypal, check to see if the address is ‘confirmed’ or ‘unconfirmed’. If it’s unconfirmed then you aren’t protected by Paypal if anything goes wrong. You could end up being faced with a reverse transaction on your hands!
7. Make sure the picture of the item you are selling does it justice. Always take a picture!
8. If you sell regularly, invite your customers to sign up for your newsletter. Let them know about new products you have for sale
9. Always inform your buyers when you have dispatched their item.
10. If you haven’t sent the item after a few days you will start getting emails asking where their item is they have paid for. Don’t get into this situation - dispatch things quickly. If you can’t do that, then let your customer know when they can expect delivery or they will start to worry.
Article by David Jackson of http://www.ebay-information.com (The Ebay Information Resource For Trading With Confidence)
April 19, 2009 at 5:06 am · Filed under Exchange Markets + Auctions
Sniping always occurs when a bid is about to end.
Sniping is against the rules at eBay, but in most cases, even if you report it, the sniper will get away with it. In order to avoid losing the items you want to snipers at eBay, you have to take on the sniper way of thinking. You also need to snipe in a way that will not violate eBay’s rules.
Snipping can be done in one of two ways. The first way is the safest, but not necessarily the easiest.
Simply keep up with the item you are bidding on.
And make certain that you are in front of your computer and logged into the auction well before that exact time. The idea is to either bid higher than the highest bid during the last few seconds - which is what snipers do - or to just make sure that you are not outbid by a sniper.
Keep in mind that sniping is against the rules, so you should log in about thirty or forty five minutes before the bidding ends, and get your bid up until it is the highest bid. If you’ve been logged in for a while, this cannot be considered sniping.
Unfortunately it is very hard to bid against people who use bidding software. So here is the second method.
Snipping services are easy to find online, and they are fairly cheap. You can also buy your own snipping software. If you want to become a sniper, purchasing your own software is usually the best way to go if you bid on a lot of items.
But remember that it is against the rules, and while eBay hardly ever enforces this rule, you will be running the risk of getting banned from eBay.
Outbidding somebody is one thing, sniping is something altogether different.
Get eBay tips, and tricks directly into your mailbox: ebay1@aweber.com or more at: www.lionel1.com/ebay1.htm
April 12, 2009 at 11:55 am · Filed under Exchange Markets + Auctions, Hall Of Jewelry, Life Of Sales
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March 18, 2009 at 9:29 pm · Filed under Exchange Markets + Auctions
Selling in-demand items on eBay is by far the most profitable choice you can make when doing your product sourcing. With so much competition on eBay, there’s simply not room for error or choosing to sell anything less than popular.
The problem eBay sellers face however is that the state of the market is constantly evolving. Last months best-seller may be this month’s total flop.
No matter how difficult or competitive selling on this auction giant may become, eBay will always try to make the process as painless as possible. Fortunately, eBay itself provides a number of tools that can help you identify the latest selling trends. This article will briefly explain these tools to you, show you how to access them, and evaluate their usefulness.
The first tool that eBay provides is “The Hot Items Report” (http://pages.ebay.com/sellercentral/hotitems.pdf) - In the words of eBay itself “Hot…Very Hot…Super Hot! Discover which categories and products are on firewhere bid to item ratios are high and demand is outpacing supply.”
This is certainly an invaluable resource that will help you keep a check on the current state of the eBay marketplace and stay on top!
Second up there is the “The eBay Pulse” (http://pulse.ebay.com) - This allows you to view the most popular searches, largest stores, most watched items and more. It’s an extremely useful tool, but a word of warning - sometimes only the most unusual and intriguing items show up here, and not the ones that are in the highest demand. It may not always be a true reflection on what is really the most popular item(s) on eBay. To demonstrate this, on the day of writing several items featured in The Pulse were what you might call “get rich quick schemes,” whilst another was someone offering to have your advert tattooed on their back for all to see!
Marketplace Research
(http://pages.ebay.com/marketplace_research/index.html) is a new service that allows you to analyze data on completed auction listings. Although the service does incur a monthly charge, it may be worth a look if you’d like in-depth data and statistics already collected for you. If you’re familiar with eBay’s advanced search features you may be able to accomplish something similar to Marketplace Research on your own.
The eBay Community (http://hub.ebay.com/community) is another useful section to the site if you’re seeking out popular items. The chance to talk with other sellers, network, and discuss the latest trends may mean you can keep ahead of the pack. It’s nice for a good old elbow-rubbing session with fellow eBay nuts too. eBay is such a humongous marketplace most sellers realize it’s not a bad choice to share your success stories with potential competition, since you may pick up some tips for yourself.
Of course you can also simply keep an eye out yourself. Take a look at completed auction listings. Is the item you’re thinking of selling doing well for other people? Is this a seasonal item? How many other sellers are in this niche?
With this wide range of tools at your disposal, you’ve got a ready-made resource to search for those hot items. I’ve got dollar signs in my eyes already!
Chris Vendilli
Copyright © 2006
Chris Vendilli is the owner, founder, and CEO of The 3 Rivers Auctions Company. Chris has helped numerous people start successful online businesses mainly focusing on eBay and affiliate marketing. Chris is also an eBay Power Seller, indicating he has in depth knowledge of the way eBay works! If you’re interested in getting more information regarding eBay tips, trends, strategies, & secrets please visit Chris’s site using the link below:
http://www.3riversauctions.com
February 25, 2009 at 12:38 am · Filed under Exchange Markets + Auctions
Recently eBay launched its new “eBay Express” and it’s almost certain to be a major profit center to eBay sellers.
As everyone knows, eBay began as an auction site. Catering to small, mom and pop sellers, eBay evolved into a more traditional online shopping channel with its stores and such features as Buy It Now (BIN) which allows buyers to purchase merchandise immediately, rather than waiting for an auction to end.
With eBay Express this transition to online store is complete, although eBay will certainly retain the auction format for which it is most famous.
In 2005 eBay bought shopping.com and the similarity in format between the two is apparent. The format is almost identical although there are far more items on eBay Express than shopping.com. For instance, this morning in ‘women’s apparel’ there were “469,207 matches found” on Express and “79,000 items from 525 stores” on shopping.com.
One great difference: with the eBay Express system every purchase goes to the same shopping cart, even though there are thousands of merchants. The shopping site, on the other hand, leads directly to the individual store that owns the displayed merchandise.
eBay sellers cannot sign up for eBay Express, although they can opt out. Instead, the merchandise is automatically listed if it’s in the BIN format or if it’s listed in an eBay store. At this time, there is no charge for this dual listing on eBay and eBay Express, although I feel certain that this will change in the future and that eBay will charge for this service.
Sellers will receive not only more exposure for each item listed, but there are other benefits as well:
1. Buyers can choose to purchase multiple items all in one transaction, just like any traditional store. If the buyer wants eight different items, it can be handled in one transaction, with one payment and one shipping charge. This is so much simpler than dealing with eight different auctions, eight different sellers and eight different shipping fees that it’s almost certain to encourage multiple sales.
2. This will, in turn, solve one of the biggest gripes of eBay sellers: the dreaded Non Paying Bidder! For reasons known only to themselves, there are multiple dead beats who deliberately win an auction - but never pay the seller. Usually they don’t even respond to repeated emails. This is very costly to sellers - not only in the obvious sense of unpaid merchandise but also because of the loss of other buyers who were legitimately interested in the merchandise but have most likely gone elsewhere. With eBay Express, everything will be paid in advance so the buyer won’t withdraw her merchandise from the market yet never be paid for it.
3. There is a shopping cart for eBay Express and it includes multiple ways to pay.
4. eBay has promised to aggressively promote eBay Express in the search engines and there is every reason to trust that promise. After all, it is in eBay’s interest to use their considerable muscle to ensure the success of eBay Express. This is certain to mean more traffic to sellers.
Although the starting point of seller participation is either an eBay store or Buy It Now items, there are additional requirements:
* At this time, the Express is only available to American and Canadian sellers. If eBay Express is a success, this is very likely going to expand to other countries.
* The items for sale must physically be in the US
* There are PayPal conditions: the seller must be either a PayPal Business or a PayPal Premier participant
* Every item listed in eBay Express must include a picture
* If applicable, the “condition” field must indicate whether the merchandise is Used/New/Refurbished
* Such items as books, movies and DVDs have a “pre-filled item information” component to their listings and this must be used
* There are three choices for shipping on eBay and these must be clearly indicated in the ’shipping’ field of each listing in order to be included in eBay Express
- Calculated
- A flat fee of “X” amount of dollars
- No cost for shipping
* Sellers feedback must be a minimum of 100 points
* Seller feedback must have at least a 98% approval rate
Items will be listed in up to three different locations on eBay Express. According to eBay’s president:
“Results are sorted on relevancy against the buyer’s search by default. Searching brings back listings that may not be an exact keyword match and sorts them based on a range of factors. The buyer is able to re-sort by total cost, i.e. item price plus shipping cost.”
With all these exciting promises, there are eBay seller gripes about one feature and that is that sellers will sometimes be presented with orders from unconfirmed PayPal addresses. This is significant because PayPal offers some fraud protection but only if the merchandise is shipped to an address that has been confirmed by PayPal. If the address is not confirmed and the buyer is a fraud, sellers will lose out.
In spite of all the outrage over this provision, it isn’t that different from online sellers who have their own merchant account.
In the United States, for example, there is an Address Verification System. If we, for instance, receive an order from an address that doesn’t match the address on the buyer’s credit card, we know that we are taking a much larger risk than normal. In fact, many merchant account providers forbid turning off the AVS and breaking this rule can cost the merchant his account. In this case, all orders that don’t have an address match are automatically rejected.
If eBay sellers don’t want to agree to these terms, they have two choices:
1. The first seller choice involves opting out of eBay Express entirely. This seems to me to be a foolish choice. Yes, there is added risk but the possibility of increased business will most likely more than make up for an occasional bad transaction.
It’s imperative that we make it easy for buyers to do business with us. Perhaps the strongest example I’ve ever seen of eBay fear was a notice by a seller that we had to mail him and get permission to bid on one of his items! Undoubtedly he had been burned by an unscrupulous buyer and tried so hard to protect himself that he most likely destroyed his business. I seriously doubt that people are willing to do as he requested (unless his merchandise was irresistible - and it wasn’t!)
2. There is an option to decide on a case-by-case basis if the transaction should be honored. This might be useful in the event of very expensive merchandise, but it could quickly grow to be a problem in the event of many sales.
Most everything that eBay touches turns to gold and eBay Express will likely be the same. We cannot know the results as yet, but the increased sales will probably far outweigh the increased risk. We cannot know without testing but sellers would be wise to concentrate on these exciting new opportunities rather than focusing on fear of loss.
Wandering around eBay Express as a buyer, I cannot help but be pleased with what I find. I have the option of viewing up to 90 items on each page, the volume is gigantic, the pictures are great, and I can buy whatever I want with only one payment. It’s more like Amazon than eBay. With the vast resources behind this new selling venue, success is the most likely possibility and this seller doesn’t intend to miss out!
Instead of looking for “hot” products to sell on eBay, turn the process around … find the suppliers first, then choose from thousands of products to find profitable ones.
auction-genius-course.com/sell-things-ebay
February 23, 2009 at 11:41 am · Filed under Exchange Markets + Auctions
eBay Membership sites can be a great way to learn from experienced eBayers, guiding you though the complete A-Z of eBay. However, with may new sites emerging over night you need to ensure your getting value for money. So, before parting with your cash the next question you should ask is:
Whats included in my membership fee?
There are many avenues of how you can make money from eBay, from selling your own goods, by becoming an eBay Trading Assistant or by referring eBay to friends & family acting as an affiliate to eBay.
So what does the membership site focus on. Is it all of the above (and more ideal!) or is it purely a site for selling on eBay. This is not necessary a bad thing, as long as the membership site focuses on your needs.
Ask yourself what your needs are. Do you want to
- - Learn to sell on eBay
- - Drive traffic from eBay to your own website
- - Become an eBay PowerSeller
- - Become an eBay consultant
- - Sell digital goods on eBay
Additionally, does it offer you specific goals & help you set targets for your sales or just general advice. Most people need some serious motivation to put advice into action.
You’ll also want to find out are the materials available in .PDF files, eBooks, Articles, Audio files or Camtasia Videos. Ideally you want a complete mixture of the above, plus some kind of personal consultation whether by email, though a members forum or even by phone.
Trinity Tooke makes a full time living from turnkey websites, purchasing them cheaply from eBay & running them on a full time basis. You can check out her blog at: http://turnkeywebsites.blogspot.com/
February 19, 2009 at 1:25 pm · Filed under Exchange Markets + Auctions
EBay is a great part or full time business. An Ebay Business can be used as a way to promote your Online Home Based Business. An Ebay Business is a great resource for your Brick and Mortar Store Front. Here are 7 ways anyone can benefit from owning and Operating an Ebay Business
1 - Promote Other Business
Many people with online or offline Businesses sell on Ebay. Ebay is one of the most Popular web pages on the Internet. By having frequent EBay auctions you can build traffic to your online or offline brick and Mortar Store.
2 - Get Family Involved
What a great way to get your spouse and children involved in your business. Is there a great Copy writer or web Design Guru in your family put them to work. Teach your children the value of the Dollar and give them valuable life skills by involving them in your E-Bay Business
3 - Earn an Extra Income
You can earn few extra dollars on Ebay for that Dream Vacation, Luxary Car Payment or even just fun money. However You can also earn a very comfortable living on Ebay the choice is yours.
4 - Build a Spam Free E-Mail List
Everyone who buys from you on Ebay has to supply you their E-mail Address. Since you now have an established business relationship with them, any E-Mail you send them is not SPAM, until they request removal from your list.
5 - Brand Yourself
What better way to brand your name and company name then on one of the most popular and reputable web sites in the world.
6 - Establish Your Credibility
Ebay Positive feedback tells the world you kept your promise and it is safe to do business with you. Ebay Positive feedback are often the best testimonials you will ever receive.
7 - Clearance Sales
Do you own a store. Sell your overstock, off season or damaged and returned items on Ebay. Thinking of having a Garage sale, why not sell some or all of those garaged Sale items on E-Bay instead!
About The Author:
Mike Makler has been Marketing Online Since 2001 When he Built
an Organization of over 100,000 Members
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http://ewguru.com/newsletter
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Copyright © 2005-2006 Mike Makler the Coolest Guy in the Universe
February 19, 2009 at 12:33 pm · Filed under Exchange Markets + Auctions
Finding quality products to sell is the key to continuing success. Keeping a pipeline of low cost, fast moving items to sell is also a must. Sometimes it takes weeks of searching to find a load of quality electronics or computer equipment that you can sell online at double your cost. I’m sure you agree that this is a very good rate of return. The problem is that you may have to outlay several thousand dollars to buy the inventory. If you are new to online selling and would like to pick up high quality, easy to ship products for pennies, read on.
Did you know that 95% of books that have been published are no longer in print? What does that mean to you as an online seller? It means that you do not have to compete with traditional booksellers. I have seen books that would not catch anyone’s eye fetch over $80.
This is because it is an out of print book even though it might be only a few years old.
Money Making Tip
Books, audio book cassettes, and VHS tapes very often are the last items to be picked over at rummage sales or thrift stores; but I have found them to be the lowest cost, most profitable items to sell online. Most can be picked up for next to nothing, especially if you are shopping the last day of the rummage sale or at closeouts at thrift stores. Some vendors actually give the books away to clear space.
With a partner last Fall, I set up a dedicated division just for selling the above items. We are averaging over $14,000/month in book sales on Amazon and eBay. Our inventory cost to buy these books has never been more than a few hundred dollars for a full truckload.
Why would I share this secret? It works! There is no way we could obtain all of the books available.
To Find the market value for a book, tape or DVD, simply enter the ISBN number into the Amazon or eBay search Box.
You may Ask
What does ISBN stand for? International Standard Book Number.
Where can I locate the ISBN number? It is located on the back cover of most books, it may also be found on the first page inside the book.
Selling your Books, tapes and DVD’s is easy and highly profitable, with low cost sources for these items in abundance.
Tim Gilberg is able to provide information and insight from a unique
perspective - that of someone who is actually doing what others just
talk about. Ebay Power Seller Platinum Status was Attained by Tim Gilberg, which is one of the highest sales levels attained selling on eBay. Tim is active on Ebay and liquidation.com as well as consulting
and working with other Top ebay Power Seller’s to give you real life
in use insight, not theories.Visit Tim Gilberg at his website Make Money on eBay
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