Tag: selling on ebay

Online Auction Tips

Good Afternoon.
I was going to continue on with another business idea to make money, but I thought I would discuss online auctions first. It still ties in with having your own store, but can be used on it’s own as well if you want to get your feet wet in the online selling world but aren’t ready to set up your own website.

Now, I know everyone knows and seems to use eBay as the number one auction site,but I have found over the last few years that not everyone is still feeling the love.
eBay is getting so competitive these days, some people just can’t be bothered.
From the sellers point of view, unless you have your own unique product, that only you posses, you have to compete with everyone else trying to sell the same product as cheap as possible to get the sale. So, therefore, no room for profit eventually.
Also, the more people post, the more you have to promote to make your ad stand out(like paying extra for Bold,etc.)Therein, the price of your listing just doubled. Once upon a time it was affordable to post on eBay. .25c and you were good to go. Now the average costs you about $2.00.

That can get pricey if you are posting a list of items and only one or two sell with a profit of only $5.00. When I first tried this it cost me $95.00 for the first 2 weeks of posting.Ouch. That was something I could not afford on a regular basis. I started scanning around for other auction listing sites, I found and tried and few, now I use a combination of using the website traffic that goes to those auction sites, and my own online store website. Every few weeks I go and post about 20 items on www.ioffer.com or www.webidz.com and see how they are received. If they seem to sell, I keep it up, if not, I try something else.

I like these 2 sites of all the ones I have checked because they allow you to set up an online store on their site for free(up to 500 products), they can be listed as Buy now,with bidding,or make an offer options. I like to just pay a certain price online when I shop. Some people get a thrill out of haggling, and others love to compete with bidding. So having all the choices available at once is good. Once again,no charge to list the item either, unless you want multiple pictures, and special features, then it is .5c a piece. You also can leave your items up as long as you want. Unlike the auctions on eBay, the items don’t end in the 3, 7 and 10 day cycles. The competition is still there for other sellers selling the same items at low costs, but not as many as in the eBay community.

That brings me to the buyers point of view. Great for low prices, but as more people list,you have to scan through pages to find a good deal. Alot of the sellers only sell to Americans to keep the costs low for shipping.

The big thing for todays resellers is using dropshippers. What dropshipping is, is a company who has the inventory stored in a warehouse allows you to sell their products with out physically buying the items first. Then when you have a buyer for the item you put the order in to the company and they will dropship the item to your customer without their own company info on the box. That way, you pay a wholesale price they ask for and sell it to your customer for a retail price, you collect the money, give the lower price to the company when you place the order for the customer, and the difference is your profit. I use this method for most of my products. As you start making more money you can just go to wholesale sites, buy more products at even cheaper wholesale prices, and earn more profit. You will have to store the merchandise yourself by then, so usually most people wait to proceed to that step when they can afford a storage space or extra room in the house for their storeroom.

Dropshippers can be found online, but you have to do alot of research and spend a few dollars to find good ones. Most of them say they are, but they are what is known as “middlemen.” You would still get a discount, the profit margin would just be a little bit smaller. A good place to get into even though it is pricey to start is OneSource, brought to you by www.WorldwideBrands.com It costs $299. to sign up but it provides so many viable good sources it is worth the money in the long run. One time fee. There are other cheaper sites, but they are not quite as extensive. If you prefer to go that route, I recommend Shopster.com They have the option you can make a store through them, so you would not have to invest in a hosting site for $20 a month as well. Lots of products there. The profit markup isn’t quite as high as with worldwidebrands, but still good enough to learn the ropes with. They ship worldwide as well. Other big sites like Doba.com, only ship to the US.Shopster has good customer service to help you out. They are offering a 7 day free trial for you to check it out and see what you think. Then it is $29.95 a month with a one time $99 startup fee.

If you are interested in starting up your own online store, want to try the dropshipping method, and would love to have this great opportunity to try your own business online with relatively low start up costs, check into one of these two companies. Then remember, for promoting your products, use the auction sites as well as your website. Also, ioffer.com has a promotional tool you can use to create flyers for your products. You could print some of those out, and try putting them up around your neighborhood, or door to door mailboxes. You can promote in so many ways. They don’t all have to be costly either.

eBay Tips for Successful Selling

There are so many sites out there now designed to work with you to sell products if you have a lot to sell but don’t have the time,know-how or money to create a website of your own to promote.One well known company is ebay. I was reading of one lady who made a living of going around to garage sales and finding items that are listed in a directory with a value of profit.Successful selling on eBay is possible if you know the best eBay tips to follow.

She then posts the items on ebay to see if she can get the proposed amount. In alot of the cases she has exceeded the value and then some. You would be surprised what some things go for online. And it is a fun venture to get into.

My brother made a good living selling laptops and accessories online before graduating to greater things a couple years later. Do you like ipods? You can check out my brother Matt’s site for purchase or repair. http://irepair.ca
I would like to share the following article with you regarding ebay tips if you are thinking of getting into selling on ebay.

Beware: The Dangers of Selling on eBay 101
Copyright 2005 Brad Eden

It’s obvious that eBay provides internet users with an
online flea market where buyers and sellers from around the
world meet to conduct trade.

However, like most traders who are faced with an innovation
of this sort, the first question will always be: It is safe?

The answer is yes, but devious scammers seem to be plotting
daily to forward their dastardly schemes and take advantage
of eBay’s power.

So, what is the user’s recourse? The users of eBay must
learn to gather information and take meticulous care in
dealing on eBay. Only then can they be less gullible to
scammers.

A common consensus is that bidders are often scammed by
sellers. But it is possible for things to be the other way
around.

Here is a list of the common problems sellers encounter and
the means to handle them.

Fake Escrow Services

A winning bidder may request that an escrow service be used
to assure both parties of a fair transaction.
Unfortunately, the seller is sometimes duped into using a
fake escrow system.

To avoid this situation, the seller must always verify the
authenticity of an escrow service. eBay recommends the use
of escrow.com. If the bidder insists on his or her escrow
service, chances are, that person is a scammer.

Victims of this fraud find it difficult to reclaim their
items. They may, however, appeal to the legal system
afforded by the state they live in. They must also contact
eBay regarding the matter for any assistance they may be
willing to offer.

Deadbeat Bidders

Deadbeat bidders (a winning bidder who doesn’t pay for an
item at the auction’s close) are more common on eBay. If
the winner of your auction does not pay, you may leave that
person a negative feedback.

As for the listing fees the seller shells out, eBay lays
out a four step procedure that sellers can use to
potentially recover lost selling fees. If sellers complete
the process to eBay’s satisfaction, they will receive a
Final Value Fee credit and a re-list credit. Filing out an
Unpaid Item dispute is the first step toward eBay
reimbursing such fees. A person can report an unpaid item
up to 45 days after an auction’s close.

Trade Dispute

This occurs when the seller and bidder disagree on some
terms of the sale. This may also happen if there is a
purported violation of any of these agreements.

If communication between both parties does not help, they
may consider availing of a third-party dispute resolution
outfit to help. SquareTrade.com is one of these outfits
that eBay recommends.

An Ounce of Prevention is Worth a Pound of Cure

A seller’s life may be made terrible because of the
constant scamming attacks unscrupulous individuals
undertake. But, with proper information and care, he or she
can continue trading on eBay with relative safety.

Payment Methods on eBay

Gone are the days when only cash (or cattle in some cases)
was the only accepted mode of payment for trades. As the
concept of trading evolved, so did the means of paying for
items.

Today’s electronic world pushes the envelop further. With
the advent of online trading systems such as eBay, many new
forms of payment have flourished.

First of all, on eBay, the mode of payment depends on the
agreement between the buyer and the seller. Most often, the
seller will specify his or her desired payment method. In
these cases, the seller often has primacy in the decisions
regarding payment modes. However, the buyer may still
communicate with the seller regarding a viable alternative
if it suits both parties.

The following is a list of common eBay payment modes.

Cash On Delivery

Cash is, after all, still cash. This payment method can be
done through a third party courier system or by the buyer
and seller meeting each other at an agreed place. The
advantage of a cash transaction is that the exchange of the
item for payment is done in the presence of the buyer and
the seller (or the seller’s representative). However, some
people will not accept the risk present when two strangers
meet.

Personal Check

One popular method of payment is personal check. Writing
checks is easy and safe. However, many sellers do not like
accepting check because they are easy to cancel.

PayPal

PayPal is the payment of choice on eBay. In fact, eBay owns
PayPal.

Using PayPal is easy, convenient, and relatively safe.
PayPal acts as like an internet ‘wire transfer.’

After signing-up for PayPal, one may send cash to anyone
with an email address using the PayPal system. PayPal also
has security features that safeguard against fraud in case
there is a dispute between the seller and the buyer. This
system is best for transactions up to $1000.

Escrow.com

Escrow.com is the payment of choice for purchases over
$500. Escrow.com holds the buyer’s money from the seller
until the seller delivers the item. Only then will the
funds be released to the seller. This system makes for a
very safe, although highly procedural transaction.

Wire Transfer

This is the payment of choice for countries that do not
carry the PayPal service. Wire transfers are risky because
the buyer usually has to wire over the funds before the
seller sends the items. The chance for non-delivery of
items is high.

Other Payment Systems

The number of third party payment services is steadily on
the rise. Their systems for payment vary. However, to be
successful they must be convenient to use and safe as well.

—————————————————-
Brad Eden is a Entrepreneurial Sciences expert with 14
years of industry experience in real estate, marketing
and technical communication. He currently consults with IBM
in CA. Brad owns & operates a free traffic resource for
entrepreneurs.
http://www.americanfreetraffic.com

Like with all other business models dealing with selling items, success is a matter of trial and error. You may find that you lose money when you start with shipping if you don’t follow the best ebay tips you can find regarding this matter. This is what happened with me but soon enough, I was back on track and doing ok. Selling on eBay can be really fun if you would like to try it out.