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    The scoop about purchasing wholesale products for resale

     

    There are a lot of advertisements both within the opportunity magazine world and the Internet promising to provide you with great selling products at extreme discounts for you to resell for profit. These advertisements claim to offer "hot-selling" products at deep discounts for the eager entrepreneurs to buy and resell. It sounds easy - just buy the products for wholesale, mark them up a few bucks, and sell them online. So why isn't everyone doing it? What's the catch? Well let's take a look at how it works... An eager entrepreneur sees an advertisement that says something to the likes of: Make Money on the Internet... Distributors Needed for Our Unique Products! We Provide You with the Hottest-Selling Products at Rock Bottom Wholesale Prices! The entrepreneur then clicks on the ad for more information. Usually the information consists of a lengthy advertisement describing the huge sums of money that can be made by reselling the company's wholesale products. The wholesale company will further entice the entrepreneur by providing a showcase of their products (books, computer programs, knick-knacks, etc.) that claim to all be hot sellers. Alongside each product the entrepreneur will usually find a suggested retail price and a "wholesale" price. Sounds good, huh? Well, before we answer that, let's follow the process through. Let's say the entrepreneur takes the company up on their offer (and many do). The entrepreneur will likely be required to purchase a bulk order of the product(s) and/or a membership fee to be paid before products can be purchased at the discount level. Now, let me say this, everything that we covered up to this point can be legitimate. However, the problem is, many of the companies advertising wholesale products are NOT legitimate wholesale companies. In fact, they’re far from it. I’ve found that most of all the wholesale promotions you see kicked around the Internet fall into one of the following three scenarios: A) The discounts (wholesale prices) offered on the products are not low enough for you to make a profit, and the products are either outdated or have very little demand B) The discounts (wholesale prices) offered on the products are low, but the products are either outdated or have very little demand C) The products are actually in demand, but the discounts (wholesale prices) are by no means low enough for you to make a profit Again, this is my opinion, but I found that the above three scenarios just about sums up 99% of every wholesale product purchasing program you can find throughout the opportunity magazines and Internet marketplaces. Let us examine each one of the above scenarios individually… In Scenario A: You are given an insignificant discount on products with little to no demand. Unfortunately, this is the most common scenario. In just about every instance, the company which is offering the products markets itself as a wholesale provider for the product, but in fact they are just a middleman in the middleman-chain handling the transaction between you and the product source (or another middleman). As a result the discount will not be significant, probably in the 20% range, which is simply not enough of a discount even if the products had a high demand. In this case, the discount rate in which you receive means nothing, because the products have no market demand. Your wholesalers (middlemen in your chain), however, will make a profit. Each level of wholesaler, including the manufacture, will make a percentage of the profit off of your initial bulk purchase. Or if the vender doesn’t require a bulk purchase, but instead requires a membership fee, then that membership fee is usually divided up the chain as well. They are fully aware that once they sell you a given quantity or membership, you will not be back because of the low product demand. In Scenario B: Your discount rate is significant, but the products have little to no demand. This is another common scenario that is usually the result of dealing with fewer middlemen (wholesalers). The company providing the products may actually be a legitimate level-1 wholesaler, meaning, it purchases products directly from the product manufacture, however, the wholesaler knows the products have been around for years and already marketed to the point where there is very little demand for the products. The best thing for the wholesaler to do is take what it can get for them by selling them for extreme discounts to inexperienced resellers. Again, the goal of the wholesaler is to sell you a bulk purchase. As in the first scenario, the wholesaler is fully aware that the likelihood of you coming back as a repeat customer is very low, so the goal is to make a profit once and to get rid of slow moving products. In Scenario C: The products offered are in high demand, but the discount rate is insignificant. This scenario is almost always the case with products that are in high demand. Here you will likely find the company offering the product to be a high-level (level-3 or higher) wholesaler, or the actual product producer, which is not a true manufacture. The term high-level wholesaler is the term used to describe the number of middlemen between the wholesaler and the product manufacture. A level-3 wholesaler indicates that there are two middlemen between the level-3 wholesaler and the product manufacture. There are many high-level wholesalers that are offering products that are in high demand for resale. However, as discussed in the middleman-chaining article, a high-level wholesaler simply cannot provide a significant discount to you; therefore you cannot make any profit on the resale. Product producers are not true product manufactures. A true product manufacture is dedicated exclusively to manufacturing products and distributing those products to wholesale companies, which in turn distribute the product to distributors. A product producer likely sells the same products to the general public (retail). In essence, they compete against you, and since they control the product and price, they will always win. The lure in Scenario-C is the demand of the product. You already know the products sell well, you have probably seen them marketed for a little while and there may be some industry buzz going around about how good they are. In this scenario, the wholesaler (or product producer) will typically offer a low 10% - 15% discount on the product for bulk purchases claiming this is an excellent opportunity to jump on board and make a killing off the high demand. Entrepreneur's usually buy into this and end up purchasing several units to find that once they add in their operational cost of advertising the products they, at the very best, break even with a bunch of lost time. You see, there are costs associated with doing business including: advertising, support, handling orders, etc. As a result of these costs, in most cases, you simply cannot make money with a 10% - 15% discount, even if the product is in high demand. Even an experienced entrepreneur would not make a sufficient profit at the 10% - 15% discount rate; they likely wouldn't waste their time with that rate. In conclusion, the underlying problem with any of these scenarios is that the products are not being purchased from a true product manufacture or level-1 wholesaler. Instead the products are being purchased from middlemen, or the products are being purchased at a low discount rate from a company that is competing against you for sales. In either case, you will be unsuccessful. To avoid these situations, you absolutely must avoid the middleman-chaining effect, and be sure that you are getting quality products that are in demand, up-to-date and have good profit margins. You can protect yourself to a great degree by thoroughly examining the company you intend to do business with. For example, whenever you run into a product dealer requesting a bulk order or membership fee, make sure you have solid answers to as many of the following 10 questions as possible: 1. How long has the company been in business? 2. Does the company buy directly from the product manufacture (no middlemen)? 3. Is the company a member of the BBB or BBBOnline? 4. What is the volume of products they move each month? 5. What is the demand of the products (sales statistics)? 6. Is there a product guarantee? 7. Is there a delivery guarantee? 8. What are the delivery options? 9. Is there a guarantee the products will always be available when ordered? 10. What is the return policy? The responses you get from the above 10 questions will almost always filter out the product dealers that simply do not have quality products or simply cannot perform to your standards. This filtering process is quick and will save you major headaches in the future. Sincerely, Michael Ellis

         
    The secret of timeshare auctions

     

    Timeshare auctions are tempting. You see great timeshare properties at great prices on various Internet Auction sites. You want a timeshare, but you’re nervous about bidding. You have heard “Internet Auction Horror Stories” and want to avoid a bad experience. But there’s good news. Timesharevalues not only sells timeshares, but it also purchases many through the Internet. We at Timesharevalues buy properties, office supplies, and personal items through Internet auctions. We have seven tried-and-true tips for Internet auction success: 1. Start a Dialogue with the Seller as Early as Possible You want to know if you can work with the seller. Does the seller respond quickly? Does the seller give complete information? Remember, some people don't communicate well in written form. Just because they have some typos and poor grammar, don’t rule them out. Responsiveness, tone, and information are key. There is also nothing wrong with a phone call. Savvy bidders call us all the time. 2. Make Sure you Have all the information about the property you are interested in. You should know: * The name and location of the property. * How many bedrooms and bathrooms does the unit have? * What exchange company(s) does the resort trade with? When is “first use” for the winning bidder? (“First use” is the earliest time the winning bidder can use the property.) * What is the annual maintenance fee? Is it paid, and does the seller want to be reimbursed if first usage is this year? * What are the sizes of the beds in the unit? * Are there any special assessments this year? Are any expected next year? 3. Set Your Budget - and Keep to It Do some research and see what similar properties sold for recently. Determine how these properties are selling on the resale market. A good place to find this information is timeshares, the leading portal for the timeshare property industry. Find a reliable auction site and register. Check our marketplace section for recommendations: timesharevalues/Marketplace/auctions. htm. Find a property you’re interested in, then enter your bid based on your budget amount. Remember, the auction sites will increment your bid automatically. If there is little competition, you probably won't reach the upper limit of your bid. In popular auctions, you may be outbid, and most sites will notify you via email. In the auction world, there is no better feeling than winning at a bargain price. On the other hand, there is no worse feeling than winning at a price higher than you wanted to pay. We have found that properties auctions go in cycles. Every time we sell property in Hawaii, for example, we are contacted by Hawaii owners looking to sell. Once a new property goes up for auction, other owners at that resort get bold and try to sell theirs. The moral: There will always be other properties; it pays to be patient. 4. Determine Payment and Owner Transfer Methods Before the Auction Ends The range of payment services has grown dramatically. Email your seller before the auction ends to understand the choices you have. If the seller is vague or does not offer you a choice, you should be careful. You want to know if the seller is just preparing a Quit Claim deed or a Full Warranty deed. The seller may not know the difference, especially if he or she is the owner. A Quit Claim deed means the property is transferred to you “as is”. Anything owed is your responsibility. A Full Warranty deed states the property is free and clear upon transfer, and the previous owner will pay any fees, liens or encumbrances that are discovered later. If the seller is an owner, he or she may not have a good idea about how to close the property. Feel free to email us for closing options you can use in your timeshare purchase or share with the seller. 5. Check Out the Seller's Transaction History All major auction sites provide a rating system for both buyer and seller. For example, on Ebay the rating is the number in parentheses next to the seller’s name. If you click on the number you will get a history of that seller’s transactions and feedback from Ebay members who have bought from that seller. TimeshareValues’s feedback is a little under 350 emails. We have more than 370 positive comments, but comments from the same person are only counted once.) You are looking for a seller who has consistently generated positive feedback. In the case of Ebay, we have had two negative experiences and (number) positive experiences in almost three years of selling goods on Ebay. In both instances, the buyers were uninformed and tried to get out of a purchase they should not have made. Getting negative feedback is sometimes out of the seller's control, but a consistent pattern should be a warning flag. 6. Determine Your Objectives BEFORE you Bid Ask yourself: * Is this your first timeshare or are you adding to your portfolio of property? * Will this be a property you actually intend to visit, or do you plan to trade the property after you buy it? A first unit - we call them "landmark properties" - should be in a location that you plan to visit three times every four years. You would tend to bid higher for this property, and you may be concerned about the annual maintenance. The location and unit size and amenities are important to you. A trader property - one you want for its trading value - may have a variety of features. You can be more flexible, and you can control your bidding a little more. You are looking for value in both the purchase price and maintenance fees. 7. How to Win When You Lose Imagine you were just outbid on your dream timeshare in Kauai by $10. You were ready to bid and the auction ended. It happens all the time. Last minute bidders “snipe” your position, leaving you more than a little frustrated. But there is hope. Your first step should be an email to the seller right after the auction closes. Tell the seller very clearly you would like to purchase the property in the event the winning bidder does not complete the sale. Sometimes the seller has multiple timeshare weeks at the same property, and can sell you another block of time immediately. Winning s sometimes get cold feet, especially those who didn’t use seven tricks in this article. Sellers have no desire to keep offering the same property at auction. Solve their problem and get a timeshare! Make sure you get agreement on a property’s price when you contact the seller. If the property is popular (more than 20 bids) you might want to use the winning bid amount. If the property has fewer bids, you can use your last bid amount. Most negotiation books tell you to never throw out the first price, but we believe this situation is an exception. You are a backup buyer, so you have to make the seller feel confident in contacting you. It is not considered “good form” to offer more than the winning bid. We had a second place bidder do this recently. It defeats the purpose of an auction, and if they have more than one piece of property, you would have overpaid! Remind the seller he saves money and time dealing with you as a backup buyer. Summary We admit it. We are biased when it comes to timeshares. They’re great ways to travel. A comment we heard a few years ago from a veteran timeshare owner rings true today: “Since I bought a timeshare I consider roughing it a hotel room stay.” So do we. A well-maintained timeshare will spoil you very quickly. Auctions are the best way to purchase a timeshare property They let the buyer focus on the best property for their needs and at a price they control. Our seven tips should help you bid with confidence, and have fun at the same time. Good luck!

         
    The secret to achieving 100 feedback on ebay

     

    Have you ever noticed how rare it is for high volume ebay sellers to have 100% feedback. It's not like they deliberately scam 1 or 2 % of there 2000 plus customers. They've streamlined the auction process, reduced the risk of faulty products and goods arriving damaged etc. So why are they still left with angry customers. The truth is some people are just jerks. They will bid on an item and then when you expect them to pay for it they will abuse you. Sometimes they will be angry if the product doesn't arrive, even though you did everything you could and it was completely out of your control. Dealing with these people is an everyday occurrence for ebay powersellers. But there are ways to minimize their effect on your feedback. In the initial email say something like "sometimes products will get lost in the post. If it hasn't turned up within 10 days email me and I will replace it". This will warm the customer up to the idea that well, s*** happens and there's no point getting abusive. If the customer backs out of the sale, leave positive feedback. They will appreciate this and give you great feedback, and will be more open toward buying from you in the future. If the customer doesn't respond to your emails, don't leave negative feedback, leave none. You've already lost the sale so nothing can be gained by you getting abusive. It's a very rare seller who is able to bite their tongue, but the rewards far out way the small satisfaction of giving them a piece of your mind.

         
    The thrill of selling items on ebay

     

    Have you ever sold any items on the internet auction site ebay? If you have answered no to this question, you are missing out on a lot of fun. In this article, I write about my own experiences of selling on ebay and what makes it so enjoyable for me. I was introduced to ebay via a friend who is called Jim. We were having an evening out in a bar when he started to talk about the items he had bought and sold on the auction website. Jim talked with passion and seemed surprised that I had never used ebay before. I asked Jim if he would help me to sell some items from my own home which were no longer needed. He stated that he would love to help and we agreed a time and date. I will never forget this first auction that I held, I was selling my old mobile phone. The phone in question had been kept in a draw for about two months and was basically about to be thrown out. Jim told me that I could make some money by selling it, therefore I took his advice and put it up for sale on ebay. I did not think that it would sell at all and I started the auction, which was over five days, at only ninety-nine pence. Originally nothing happened and it was quite frustrating to be truthful. On the last day of the auction, with only three hours to go, somebody put in a bid. I could not believe it, I could make ninety-nine pence! With five minutes to go the auction had still only had one bid, however it then went a bit crazy. Over the next five minutes the phone had another six bids and sold at around ten pounds. To say I was happy with this sale price was an understatement. I was now hooked and started to look around my house for other items to sell. I have now sold many different items, including music records, football programs, clothes and antiques. The downside of ebay, is when a person wins an auction but then does not end up paying for it. This is very annoying and despite sending them reminder invoices, these people just ignore you. I am happy to say that this has only happened a couple of times to me. My favourite item to sell has to be antiques. This is because these type of auctions seem to get more people bidding on them than other auctions I use. You can also find some real bargains in this sector. I would say that around eighty percent of the items I sell are now some form of antique. I prefer to sell items rather than buy them on ebay, as it is much more of a thrill to me. I have however found some great bargains and will continue to look for more. Ebay is a lot of fun and I would advise anybody who has not used it as yet, to give it a go. Good luck.

         
    The use of reverse auctions in business frequently asked questions

     

    : In business the use of online ‘e-sourcing’ tools such as e-tenders and e-auctions is becoming commonly used to help buyers achieve rapid cost reduction. In this scenario suppliers are invited to bid for the buyer’s contracts either by submitting their tender online and/or participating in a reverse auction. Cost savings can be considerable – on average 14% and lead times for sourcing projects reduced by up to 70%. Below are the most frequently asked questions about e-sourcing from business users: What is e-Sourcing? e-Sourcing is the use of internet technology used by purchasing professionals to find suppliers and negotiate prices for a wide range of goods and services. This typically includes activities such as supply market analysis, e - tendering, price negotiations (e-auctions) and contract management. What are the benefits of using e-Sourcing versus standard purchasing techniques? Traditionally buyers send out tenders listing the purchasing requirements and invite suppliers to submit prices. This normal takes weeks for all the proposals to arrive before they can be analysed. Each supplier submits one bid and does not have the opportunity to adjust his or her pricing in response to other bids. With the use of eauctions suppliers are invited to bid on-line on a specific day and time. With this process, suppliers compete against each other in real time to win the buyer's business, The bidding process takes hours, instead of weeks or months. What is an on-line reverse auction (e-auction)? Reverse auctions are an ideal way for buyers to reduce the costs of goods and services, streamline the procurement process and increase profitability. The process starts by sending out an Invitation to Tender to qualified suppliers which outlines your purchasing requirements/specifications. Suppliers that can meet the requirement bid against each other during the online e-auction. At the end of the auction the buyer makes the contract award, typically taking account of the final bids and other non-price factors such as quality and service. What is a fully-managed service? A fully managed service incorporates a spend analysis of your company expenditure, suitable selection of e-auction categories, strategic category objectives, supplier research, developing lotting strategies, drafting the Invitation to Tender, management of suppliers, hosting the software, training the suppliers (inc helpdesk), managing the e-auction and post event review. What are the typical savings? Typical savings for Direct commodities range from 8-23% and Indirects from 9-45% Can I manage the e-Sourcing activity by myself? Yes, for those organisations that have their own in-house programme, we offer licensed software only or ad hoc support for specific projects. How do suppliers benefit? Suppliers benefit in the following ways:- A more fair, more competitive bidding environment Ability to benchmark prices across their industry Shorter sales cycles Wider access to potential business opportunities Do Suppliers have to pay anything? No costs are levied to the suppliers for using our services What types of organisation can benefit from e-sourcing? Organisations across all industries are benefiting by using e-Sourcing to reduce the costs of goods and services, in order to stay ahead of their competitors. Do I have to accept the lowest bidder? No, other elements such as quality/service criteria are generally taken into consideration outside of the e-auction. Will my company need to integrate any technology into our existing IT infrastructure? No, as long as you have access to the internet you are able to use our software. There is no need to download any type of software.

         
    Tips and tricks for using ebay search

     

    If you know what you’re doing, you can quickly find what you’re looking for on eBay. Here are a few golden rules. Be specific: If you’re searching for the first edition of the original Harry Potter book, you’ll get further searching for ‘harry potter rowling philosopher’s stone first edition’ than you will searching for ‘harry potter’. You’ll get fewer results, but the ones you do get will be far more relevant. Spell wrongly: It’s a sad fact that many of the sellers on eBay just can’t spell. Whatever you’re looking for, try thinking of a few common misspellings – the chances are that fewer people will find these items, and so they will be cheaper. Get a thesaurus: You should try to search for all the different words that someone might use to describe your item, for example searching for both ‘TV’ and ‘television’, or for ‘phone’, ‘mobile’ and ‘cellphone’. Where you can, though, leave off the type of item altogether and search by things like brand and model. Use the categories: Whenever you search, you’ll notice a list of categories at the side of your search results. If you just searched for the name of a CD because you want to buy that CD, you should click the ‘CDs’ category to just look at results in that category. Why bother looking through a load of results that you don’t care about? Don’t be afraid to browse: Once you’ve found the category that items you like seem to be in, why not click ‘Browse’ and take a look through the whole category? You might be surprised by what you find. Few people realise just how powerful eBay’s search engine is – a few symbols here and there and it’ll work wonders for you. Wildcard searches: You can put an asterisk (*) into a search phrase when you want to say ‘anything can go here’. For example, if you wanted to search for a 1950s car, you could search for ‘car 195*’. 195* will show results from any year in the 1950s. In this order: If you put words in quotes ("") then the only results shown will be ones that have all of the words between the quote marks. For example, searching for “Lord of the Rings” won’t give you any results that say, for example “Lord Robert Rings”. Exclude words: Put a minus, and then put any words in brackets that you don’t want to appear in your search results. For example: “Pulp Fiction” –(poster, photo) will find items related to Pulp Fiction but not posters or photos. Either/or: If you want to search for lots of words at once, just put them in brackets: the TV example from earlier could become ‘(TV, television)’, which would find items with either word. So once you’ve found your bargain item, bid for it and won it, what if it all goes wrong? Don’t worry – eBay has a thorough dispute resolution procedure, and we’ll cover it in some depth in the next article, so you’ll be prepared if the worst happens.

         
    Tips and tricks for using ebay search

     

    If you know what you’re doing, you can quickly find what you’re looking for on eBay. Here are a few golden rules. Be specific: If you’re searching for the first edition of the original Harry Potter book, you’ll get further searching for ‘harry potter rowling philosopher’s stone first edition’ than you will searching for ‘harry potter’. You’ll get fewer results, but the ones you do get will be far more relevant. Spell wrongly: It’s a sad fact that many of the sellers on eBay just can’t spell. Whatever you’re looking for, try thinking of a few common misspellings – the chances are that fewer people will find these items, and so they will be cheaper. Get a thesaurus: You should try to search for all the different words that someone might use to describe your item, for example searching for both ‘TV’ and ‘television’, or for ‘phone’, ‘mobile’ and ‘cellphone’. Where you can, though, leave off the type of item altogether and search by things like brand and model. Use the categories: Whenever you search, you’ll notice a list of categories at the side of your search results. If you just searched for the name of a CD because you want to buy that CD, you should click the ‘CDs’ category to just look at results in that category. Why bother looking through a load of results that you don’t care about? Don’t be afraid to browse: Once you’ve found the category that items you like seem to be in, why not click ‘Browse’ and take a look through the whole category? You might be surprised by what you find. Few people realise just how powerful eBay’s search engine is – a few symbols here and there and it’ll work wonders for you. Wildcard searches: You can put an asterisk (*) into a search phrase when you want to say ‘anything can go here’. For example, if you wanted to search for a 1950s car, you could search for ‘car 195*’. 195* will show results from any year in the 1950s. In this order: If you put words in quotes ("") then the only results shown will be ones that have all of the words between the quote marks. For example, searching for “Lord of the Rings” won’t give you any results that say, for example “Lord Robert Rings”. Exclude words: Put a minus, and then put any words in brackets that you don’t want to appear in your search results. For example: “Pulp Fiction” –(poster, photo) will find items related to Pulp Fiction but not posters or photos. Either/or: If you want to search for lots of words at once, just put them in brackets: the TV example from earlier could become ‘(TV, television)’, which would find items with either word. So once you’ve found your bargain item, bid for it and won it, what if it all goes wrong? Don’t worry – eBay has a thorough dispute resolution procedure, and we’ll cover it in some depth in the next article, so you’ll be prepared if the worst happens.

         
    Tips for knowing your ebay buyer before you ship

     

    Before you send anything to that buyer, you might want to get to know them, especially if you’re selling them a high-ticket item that you couldn’t afford to lose. Even if the buyer has paid, the PayPal transaction could still end up being reversed, leaving you out of pocket. So how do you figure out if you can trust your buyer? Look at their feedback for others. Go to their feedback page and click ‘Left for Others’. If they leave a lot of negatives for their sellers, then you should try to get away from them as fast as you can – if you do deal with them, make sure not to leave your feedback first. You should consider a negative someone has left to be just as bad as a negative left for them. Look at feedback from sellers. Click ‘From Sellers’. You might find that they have more complaints from sellers than from buyers – or, on the other hand, it might be the other way around. Some people really are just better at selling than buying, or vice versa. Pay attention to bid retractions. If they have a high number of bid retractions, you should regard this as a red flag that something might be wrong. See what else they’ve bought. When someone goes from buying items worth $1 to suddenly buying something worth $1,000, you might want to be a little suspicious of them. See what they’re bidding on now. If they’ve never shown any interest in your kind of item before, and now suddenly they’re bidding on lots of them, then that’s cause for concern. You should also be suspicious of someone who seems to be spending a lot of money all at once – few buyers have thousands at a time to blow on eBay. Check their ID history. People who’ve changed their ID are often trying to get away from someone who’s trying to find them. This is another warning sign – be especially wary of someone who changed their ID very recently. Be nice to new buyers. Genuine new buyers will probably have a name ending in a number and a feedback score of 0 – don’t always think these people are fraudsters. Somewhat counter-intuitively, people trying to commit fraud will almost never do it when they have a feedback score of 0 – they’ll think it’s too obvious. New buyers often have problems with being inexperienced on eBay, however, and you might have to guide them through things like opening a PayPal account. Email them! If you want to get to know your eBay buyer, why not have a little chat with them about the item, what they plan to do with it? Say that how you know they’re going to love it, and ask if there’s anything else you can do for them. Few buyers who seem chatty and nice will turn out not to be in the end. If you keep having trouble with buyers you don’t want winning your high-value auctions at the last second, you might want to use eBay’s ‘pre-approved buyer’ function. The next email will show you how.

         
    Tips for buying collectibles on ebay

     

    Buying collectibles is one of the most enjoyable things to do on eBay, simply because you can find so many things that you just can’t get anywhere else. Here are a few tips to help you on your way. Find your Category. You’ll probably find that all the items you’re after are listed in a single category. Add this category to your browser’s Favorites, and keep coming back. Look for Mistakes. If you collect something, the chances are you know a lot about it. This can be your opportunity to make a mint from a seller’s mistake. They might not realise that they have a rare version of an item, or they might have left off the key information that makes it valuable. If you’re willing to email the seller and ask them a few questions about the item to confirm that it is what you think it is, then you should be able to buy items like these. You can then resell them at a big profit, if that’s what you want to do. Don’t Always Believe Descriptions. If you find something you haven’t heard of, and the description calls it ‘rare’, don’t assume that it actually is. Far too many sellers just put ‘rare’ into all of their descriptions – the chances are that the item is common and has just been described wrongly. Don’t bid unless you know what you’re buying. Stalk Other Users. When you collect something, you’ll probably notice that there are four or five sellers who seem to come up with consistently good items – and the same buyers buying them. Add their user pages to your Favorites, and check back often to see what they’ve got – or what they’re bidding on – that you might be interested in. Don’t Get Too Attached to an Auction. There are millions of items being listed every day on eBay – whatever you want, it’ll come around again, and if you don’t get it there are plenty more things to buy. This is similar to the golden rule of negotiating: always be prepared to walk away. If you can’t walk away, then expect to pay over the odds. There are few things so rare that another seller won’t have one to sell. Go and bid in a lower-priced auction, instead of getting into a bidding war in one that is already expensive. Beware of the Postage. If you collect lots of small things with a relatively low value, you might end up paying as much for postage as you do for each item. You should take these costs into consideration when you make your bid. Another good strategy is to always buy a few things at once from the same buyer, as they will almost always offer you a discount on the postage. When you’re bidding, you might notice that some auctions go more slowly than others, going days at a time without any new bids. The next email tells you how to take advantage of these ‘slow’ auctions.

         
    Tips for managing multiple ebay auctions

     

    It can be very time-consuming to keep your auctions ticking along, especially if you have hundreds listed at a time. Don’t despair, though: there are a few things you can do to take the weight off you. Use My eBay. If you want a broad overview of where you are with your auctions, make sure you pay a visit to My eBay occasionally instead of just relying on emails. With my eBay, you can see all your auctions in a big table, and sort by things like the number of bids and the current price. If you want to see which of your auctions currently has no bids, then you can do that. One of the most useful things about My eBay, though, is the ‘Summary’ view. If you’re not sure what you should be doing next, then this acts effectively as an eBay to-do list: anything you need to be doing will end up here. Use Selling Manager. If you’re willing to pay the fee of $4.99 per month, you can sign up for Selling Manager, which is a more effective version of the My eBay ‘Selling’ view. It lets you customise your view more effectively to see the information that’s important to you, see useful snapshots of how things are going, make automated responses to your buyers using email templates, and more. Selling Manager Pro gives you more features: it keeps track of inventory for you, and lets you relist items in bulk. It will even produce a monthly profit and loss report to help you keep track of the big picture. Unfortunately, it costs $15.99 per month. Use a Listing Tool. Even though they’re called listing tools, much of the software out there lets you manage what you’re doing long after it’s been listed, with all the features of Selling Manager and sometimes a few more besides. This programs also often have the advantage of being programs instead of websites, meaning they’re faster to respond and can do more sophisticated analysis. Remember the ‘Relist’ Button. After your auctions end each time, there’s an easy way to put the exact same thing back again: the ‘Relist’ button. You can Relist items quickly and easily this way, as long as you don’t want to change in the listing. Pay Someone! Here’s something you might not have considered: if you’re listing so many expensive items that even automated selling tools take too long to use, then have you considered paying someone to help out, as an employee? After all, you wouldn’t try to staff a shop full-time on your own, would you? If you already run a business, you could even give the responsibility to someone who works for you there. Freeing up your own time to do something else might pay off for you in the long run. When you’re managing so many auctions, sooner or later you might need to cancel one of them early. The next email will let you know when and how you can do it.

         
    Tips for selling on ebay

     

    Ok, so you have decided you are going to sell an item in ebay be it a dvd, stamp collection or whatever. How should you go about getting the best possible price? First of all you should do some research into what prices similar items have been fetching. You can use ebay’s ‘completed listings’ tool to do this. This shows you what has been sold and at what price and is split down into product categories. This will give you a good guide as to what price you can expect to achieve. The next important step is your opening price. You do not want to set a high opening price that will scare off bidders. It is far better to open with a low reserve and hope this attracts several bidders. It is a fact that people are drawn to items with bids on them already. Having several bidders can lead to competitive bidding and you are more likely to receive a higher final price. To restrict the chance of the item going for a very low price you should set a reserve price – if this is not reached then the item will not be sold. Consider using a ‘buy it now’. Some bidders do not like to wait until the end of an auction and would rather ‘impulse buy’ in the knowledge they have won the auction. Other bidders enjoy the thrill of the auction. If you have more than one of the product it may be worth considering selling one item on a buy it now and one as a normal bidding auction – this will cover you both ways. Having a good description and photo is very important. I have seen countless unsold items where the product was probably very good but a terrible photo make it look awful. If appropriate, use a scanner for eg stamps, but for larger items take photos using a digital camera and keep taking pictures until you get a good photo. A good photo is worth a 1000 words! Bidders are instinctively drawn towards items with photos and away from those without. Give as much information as you can as to condition, age, manufacturer, model number etc. If you were selling a tv for example, tell the viewer that it is a Phillips 32” flat screen tv model number P2350, two years old put in perfect working order. Finally, make sure you give all the details for post and packaging. I’ve been caught before when buying a small item where I thought the postage would be pennies; the seller didn’t disclose the postage cost until after the auction and I had a nasty shock. I’m not the only person this has happened to so make sure you disclose your postage and packing charges or you may lose some potential bidders.

         
    Tips for starting online auction business

     

    : The online business around the world is into billions of dollars. And one of the important part of this online business is Online Auctions. Products can be sold on online auction sites everyday, where buyers are looking for products. It is also good place to sell your products with any investment or marketing from your side. How to get started? Here are the tips 1. Deciding What to Sell Through online Auction, you can sell anything. Predominantly the common products being sold on online Auction are: a. Collectibles products b. Items - like clothing and toys c. Other items, including quilts, soap, and dollhouse items d. Craft supplies 2. Select the Place: Once you have decided what to sell, it's time now to decide which auction site you will chose to auction your product. Site like Ebay ( ebay) is the most popular one, it is a good place to sell. Besides from ebay, sites like Yahoo! Auctions () and Amazon Auctionsauctions. amazon) both get significant traffic. It is always good to check if you could find any exclusive site for what you have decided to sell. The next step is to sign up on the site. 3. Find your products: You have many different ways to find the products that you want to sell. The following list will give you some idea on different products available. o Check newspaper for inventory closeout sales o Window shop discount offering shops o Visit garage sales and flea markets o Locate wholesale marketplace 4. Listing items: This process involves giving complete information on the item you're selling including the brand, size, color and a brief description. Remember the more the information the better the prospects of finding a buyer. A good photograph of the item will do a world of good. The most important point is to provide lot many keywords to attract search engines. 5. Set yourself up for repeat sales: Once the sale is up, ship the item immediately, and once the payment is received do send a feedback mail. This set you up for repeat business by: · Do send a card with your package, your site name and user id. This helps the potential buyers understand the nature of your product line. · It is always good to follow up the customer if they are satisfied with the product and ask if they would like to be contacted when you list new items. Keep sending information on your new products if they request so. Online auction business is a wonderful opportunity for everybody to start a new venture from home.

         
    Tips on how to sell on ebay

     

    : There is more to selling on eBay and other auction sites than simply listing an auction and waiting for the money to roll in. Just ask the many, many eBay sellers whose auctions go unsold every day. We will help you learn to sell on eBay by looking at the different skills you need to learn to sell on eBay successfully. We will draw from the combined wisdom of eBay sellers with years of success and will offer tips and tools that can help you join them. Base your eBay business on something you love - To sell on eBay successfully calls for more than just following a few rules. Successful sellers do more than just list a few items and remain hidden behind the Internets anonymity. The best sellers put a little of themselves into each auction to make their buyers comfortable with putting aside their uncertainty about buying from a complete stranger. Thus, the first part of learning to sell on eBay involves finding what you yourself love and what of yourself you can put into your auctions. Learn what the buyers who share you interests are looking for What's makes the number one difference between eBay sellers who sell and those who dont? Those who dont sell look for products that they want to sell. Those who succeed at selling look for products that people want to buy. Research is crucial to success on eBay. You can try to search for the best selling items online. Also there are forums dedicated to eBay buyers and sellers, finding the meat of the info should not be a problem at all. Decide how you will meet your eBay buyers needs Finding products to sell on eBay If you are looking for products to sell on eBay, you will want to check some of the most popular articles on our site. You will learn how to find products to sell that give you the best chance of success on eBay, the ins and outs of drop ship arrangements, as well as learning of some ingenious ways to find products to sell on eBay inexpensively. Read the rest of this article by going now to learn to sell on ebay

         
    Top 5 internet online auction sites

     

    Best Online Auction Sites If you want to buy or sell products on auction sites, it makes sense to look for best sites. You might be interested in narrowing it down to the top 5 internet online auction sites. This gives you a good start without being overwhelming. When you look for the top 5 internet online auction sites, you will find that different sources will give you different answers. What remains the same is that eBay is consistently on top of the list. If you are looking for a site that almost everybody has heard of, try eBay. EBay offers a lot of useful information to the buyer and the seller. The success of the seller adds to the success of eBay, so they give the seller a number of tools to help them get a good price. Yahoo! auctions ranks is another site that is consisently in the list of top 5 internet online auction sites. Amazon auctions, UBid, and bida-lot are also highly rated for sellers. While it's important to sell at a site where there are a large number of buyers, remember that competition is also much tougher at sites like eBay. Check out the sites to make sure there is a market for what you are selling, then consider the competition for your product. While eBay may seem to sell anything, it doesn't mean that everybody who lists an item there sells it or gets the price they want. Check out the top 5 internet auction sites. Narrow it down to auctions that have a market for what you're selling. Find the site that works best for you, and make some money with auctions.

         
    Top 10 reasons why ebay auctions fail

     

    Are you finding that auction after auction fails to attract any bidders or buyers? It happens to the best of us sometimes – take a good look at these things to see if any of them could be making your bidders avoid you. The starting price was too high: People don’t want to have to make a high bid before anyone else has – you should always start your auctions low and let the bidders bid them up. The fixed price is too high: If you’re just selling with Buy it Now, then of course your items won’t sell if they’re too expensive. Try reducing the price a little each time the item fails to sell. No picture: Most buyers are reluctant to bid on something without a picture, and that goes even more for high-value items. Think of it from the buyer’s point-of-view: would you want to bid on an item when you’ve no idea what it looks like? You had a reserve: Reserve prices scare away buyers like you wouldn’t believe, not to mention costing a percentage of your final sale price. Avoid them like the plague. Bad spelling and grammar: If your titles are spelled wrongly, then no-one will find your auctions. If your descriptions are incoherent, then no-one will know what you’re talking about. Always run your text through a spelling and grammar checker before you put it up on eBay. Too much for shipping: You might be expecting people to pay more for shipping than they’re prepared to. Give them a few cheaper options that will take longer, or use cheaper materials. Negative feedback: If you got negative feedback on your last transaction, expect things to be slow for a while. Try selling cheap things for a while to get your account back in good standing. Nasty terms: Don’t write things all over your auction like “I will only accept returns in PERFECT condition” or “Serious bidders only, no timewasters!!” This is entirely unnecessary and just makes you look difficult to deal with. No PayPal: Many buyers simply avoid any seller who doesn’t accept PayPal as a payment method – they can’t be bothered with the hassle of anything else. Even if you don’t like PayPal, you should accept it if you want to business on eBay. The items were bad. You will have to accept that there are some items no-one wants – perhaps they were hyped to begin with, but now people had heard that they’re useless and stopped buying. Before you come to this conclusion, though, check everything else you can, and check if anyone else is managing to sell it. If you’re sure, try to return the items, and buy in some new stock. When selling on eBay is so much trouble, you might start to wonder: should I just go and sell my stuff somewhere else? In the next email, we’ll take a look at the various alternatives to eBay that have sprung up over the years.

         
     
         
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