There is no real secret to the ebay success story; it is all out in the open with small marketing tools that are available to the willing. Because of this tool, more and more people are finding out just how profitable Internet auctioning can really be. It is not out of the question for someone to sell something simple, just one time to realize the potential for a sound small business. This business has the room to grow on the Internet, and it is very easy to capitalize on.
You can be very sure that you will not get very far if you continually sell junk on ebay however, you can indeed make a very profitable small business if you set it up correctly and use the tools provided. Not only can Internet auctions be profitable and a great way to start a small business, it can be very entertaining as well. For more details go to www.auction-words.com .There is nothing quite like going after something you want, when you see other people going after it too. It is the thrill of the chase so to speak. If you are trying to reach out to the serious business people that can be found in the ebay community, you surely will not draw them with junk.
On that note it is a good idea to ensure you devise marketing plan that will some profit and growth, if you are to be taking seriously. Not unlike all business ventures, online auction and ebay business takes time to develop and make into a success. Business is not merely handed to you, and this is no exception to that rule. It takes a lot of time and energy, to make things work right. It is not uncommon for a large business that is already established to make a splash in the ebay realm for more business. This will only broader their reach, and business scope. Given the extremely high volumes of people that visit ebay on a daily basis, this is a great opportunity for a large company to stretch out their client base. Consider this, there are approximately 90-95 million ebay users, and an estimated 900 dollars for every second in the day.
Nowhere else can you find a bigger network than ebay, it is estimated that just over two million items daily are added to the marketplace. There is nothing quite like going after something you want, when you see other people going after it too. For more information logon to www.auction-professional.com . It is the thrill of the chase so to speak. If you are trying to reach out to the serious business people that can be found in the ebay community, you surely will not draw them with junk. Well over ten million bids are placed everyday, this momentum is growing at such an alarming rate that it is impossible for companies to not notice and take advantage. Are Internet auctions profitable? Yes they are indeed, and they are here to stay, jump on the bandwagon and start the business you have always dreamed of. The web is an entirely different universe, one where everyone has the chance to be on top if they really want to.
Author : anu161
http://www.articleclick.com/Article/Based-On-Profitable-Internet-Auctions/1068895
Friday, March 6, 2009
Online Auction Sites Where The Bid Lowers The Auction Price
Auction Bids To Zero
How about online auction sites where the item gets cheaper with every bid that comes in. How interesting is that? This particular auction house category is titled....'Bid to Zero'.
Imagine if you were bidding on a car or any top brand product....and your bid....did get to zero! Forget it....it won't happen. Someone will zap it up before that possibility!
With these auctions....the item starts off at the normal sale price....and then goes down with each bid.So if it reaches a price that someone is happy to pay....that's it....sold. Really....won...would be more accurate.
Reverse Auctions
To continue the same scenario as above, while an item price is being bid down....there could be twenty people biding. Out of those 20 bidders....5 bidders may be looking at paying....say....$500 for the item. All five bidders claim the bid at $500. In this case the online auction sites use a special formula to decide the bid winner.
Another auction bid type is the unique reverse auction. As the name suggests the above scenario does not happen.The bid has to be 'unique'. To add to that....there are two variations.
1. Highest unique bid....unmatched at the close of the auction....wins the biding.With these the maximum bid is set at a below normal sale price.
2. Lowest unique bid....has to be unmatched at the close of the auction. Another couple of bidders could of each bid...an identical lower price, but their bid would not be unique. With this type of auction the starting price would be at the normal sale price.
You can see that internet technology is the catalyst for these auctions. Offline....the purpose of an auction is to attain the highest possible bid price. The Collins Dictionary defines an auction as 'a public sale where articles are sold to the highest bidder'. The emphasis with reverse auctions...seems to be more on its competiveness...as opposed to the actual price.
The Next Generation: Social Competive Interaction
It should never be forgotten that the primary purposes of the online auction sites are to sell products. Because the items are sold at a fraction of their normal price...is neither here nor their. It is great for the successful bidders, but every auction bid is paid for. I'll explain that further.
To participate...you register online,select a username and get some 'bid credits'. When you go to the site and login with your username....you'll see your available 'bid credits' displayed. As you bid...the number of available bids reduces. If you're biding on the 'Bid to Zero' auction house....the bids are 50cents to 66cents each. That bid puts the item price down 20 cents. The residue....the difference in the bid cost and the item price reduction....goes to:
The cost of the purchase of the item
The cost of the freight and handling to the winning bidder
To administration costs of the online auction sites and their profit
All the costs are taken care of...by the participants purchase of 'bid credits'. So the emphasis....as I alluded to earlier...is towards the competive nature of the participants. Social competive interaction online....expressed in a style of auction entertainment....WOW! Whenever I was biding at an (offline) auction....I never saw it as entertainment....except when the Guy chasing flies...had an item knocked down to him. That gave everyone else a laugh!
Internet technology has made this form of social competiveness possible. Not the same as the 'survivor series' on TV....but maybe more rewarding.
New International Internet Auction Site
A United States company is the latest developer of one of these online auction sites. In building this new system they have gone with quality top brand products to offer. It would be fair to say they have picked the eyes out of the best methods...currently used in similar European auction sites. Eventually they will have as many as eight auction houses...all with various auction styles.
They are making the auctions available on an international basis. Something the other auction sites have been slow to do. I have been advised that they will probably have special delivery arrangements for large items won by bidders living outside of the US.....makes sense!
You Can Become a Business Associate
Also different about this new auction entertainment website is that a business opportunity has been incorporated. Business associates will be able to market the opportunity for the specific purpose of encouraging people to buy bid credits.
What seems sure...is that this social competive interaction as they call it...is highly likely to be very popular. Therefore the business opportunity will very likely....be lucrative!
My Summary
Are these real auctions? You can look at it this way:
Those auction houses where the bid causes the price to rise....even if the rise is fixed at only a penny or a nickel for each bid...do qualify under the definition of an auction.
The auctions where each bid causes the item price to fail....surely are not auctions....but 'reverse auctions'. As in 'done' and 'undone'.
These online auction sites are a new marketing outlet for the product manufacturers and merchants.They are good business for the auction sites, who make their money on shifting quality products. The bidders could pick-up a new car or TV or computer or a million dollar life insurance policy....for example. Also they could do that for an outlay of $20 worth of bid credits and a whole heap of fun! That seems to make online auction sites....
Author :John
http://www.articleclick.com/Article/Online-Auction-Sites-Where-The-Bid-Lowers-The-Auction-Price/1068864
How about online auction sites where the item gets cheaper with every bid that comes in. How interesting is that? This particular auction house category is titled....'Bid to Zero'.
Imagine if you were bidding on a car or any top brand product....and your bid....did get to zero! Forget it....it won't happen. Someone will zap it up before that possibility!
With these auctions....the item starts off at the normal sale price....and then goes down with each bid.So if it reaches a price that someone is happy to pay....that's it....sold. Really....won...would be more accurate.
Reverse Auctions
To continue the same scenario as above, while an item price is being bid down....there could be twenty people biding. Out of those 20 bidders....5 bidders may be looking at paying....say....$500 for the item. All five bidders claim the bid at $500. In this case the online auction sites use a special formula to decide the bid winner.
Another auction bid type is the unique reverse auction. As the name suggests the above scenario does not happen.The bid has to be 'unique'. To add to that....there are two variations.
1. Highest unique bid....unmatched at the close of the auction....wins the biding.With these the maximum bid is set at a below normal sale price.
2. Lowest unique bid....has to be unmatched at the close of the auction. Another couple of bidders could of each bid...an identical lower price, but their bid would not be unique. With this type of auction the starting price would be at the normal sale price.
You can see that internet technology is the catalyst for these auctions. Offline....the purpose of an auction is to attain the highest possible bid price. The Collins Dictionary defines an auction as 'a public sale where articles are sold to the highest bidder'. The emphasis with reverse auctions...seems to be more on its competiveness...as opposed to the actual price.
The Next Generation: Social Competive Interaction
It should never be forgotten that the primary purposes of the online auction sites are to sell products. Because the items are sold at a fraction of their normal price...is neither here nor their. It is great for the successful bidders, but every auction bid is paid for. I'll explain that further.
To participate...you register online,select a username and get some 'bid credits'. When you go to the site and login with your username....you'll see your available 'bid credits' displayed. As you bid...the number of available bids reduces. If you're biding on the 'Bid to Zero' auction house....the bids are 50cents to 66cents each. That bid puts the item price down 20 cents. The residue....the difference in the bid cost and the item price reduction....goes to:
The cost of the purchase of the item
The cost of the freight and handling to the winning bidder
To administration costs of the online auction sites and their profit
All the costs are taken care of...by the participants purchase of 'bid credits'. So the emphasis....as I alluded to earlier...is towards the competive nature of the participants. Social competive interaction online....expressed in a style of auction entertainment....WOW! Whenever I was biding at an (offline) auction....I never saw it as entertainment....except when the Guy chasing flies...had an item knocked down to him. That gave everyone else a laugh!
Internet technology has made this form of social competiveness possible. Not the same as the 'survivor series' on TV....but maybe more rewarding.
New International Internet Auction Site
A United States company is the latest developer of one of these online auction sites. In building this new system they have gone with quality top brand products to offer. It would be fair to say they have picked the eyes out of the best methods...currently used in similar European auction sites. Eventually they will have as many as eight auction houses...all with various auction styles.
They are making the auctions available on an international basis. Something the other auction sites have been slow to do. I have been advised that they will probably have special delivery arrangements for large items won by bidders living outside of the US.....makes sense!
You Can Become a Business Associate
Also different about this new auction entertainment website is that a business opportunity has been incorporated. Business associates will be able to market the opportunity for the specific purpose of encouraging people to buy bid credits.
What seems sure...is that this social competive interaction as they call it...is highly likely to be very popular. Therefore the business opportunity will very likely....be lucrative!
My Summary
Are these real auctions? You can look at it this way:
Those auction houses where the bid causes the price to rise....even if the rise is fixed at only a penny or a nickel for each bid...do qualify under the definition of an auction.
The auctions where each bid causes the item price to fail....surely are not auctions....but 'reverse auctions'. As in 'done' and 'undone'.
These online auction sites are a new marketing outlet for the product manufacturers and merchants.They are good business for the auction sites, who make their money on shifting quality products. The bidders could pick-up a new car or TV or computer or a million dollar life insurance policy....for example. Also they could do that for an outlay of $20 worth of bid credits and a whole heap of fun! That seems to make online auction sites....
Author :John
http://www.articleclick.com/Article/Online-Auction-Sites-Where-The-Bid-Lowers-The-Auction-Price/1068864
Advantages Of Online Auction.
the Internet has become the world's largest marketplace, with more and more people preferring to do their shopping online and increasing number of traders and marketers willing to put up their products for sale online. The reasons for this are quite evident. Many people prefer to complete their shopping in a matter of clicks rather than spend an entire day driving from point 'a' to point 'b', getting stuck in traffic and ultimately ending up with a deal that stinks.
car auctions
Online shopping has a number of advantages.
* Online shopping allows buyers to browse through hundreds of virtual shops. Thus the buyer can choose, compare and read testimonials about products without having to step out of the house.
* Most online shops have customer friendly delivery and return policies that make it possible for buyers to use an item and send it back in case there are any problems.
antique auctions
* Since many online shops do not require expensive storage and outlets in the city, they are able to cut down on operational costs. For more details go to www.mining-auction-gold.com .Therefore, online shops are able to offer great online shopping deals to customers.
As you can see, online shopping is fun, safe, convenient and practical. Two of the most important features that characterize successful online retail shops are: great service and attractive pricing.
These days, you come across a number of online retail shops that deliver top-quality consumer products across brands and demographic locations. In order to keep up with this extremely competitive business, these online retail shops continuously add new products to their catalogs. They cater to the needs of all kinds of consumers from individual customers to corporate end-users.
However, as the shopper, you need to remember a number of things if you want to find the best online shopping deals. Safety and security issues obviously come first. Shop with a merchant who uses secure shopping cart systems. To ensure that, buy from a reputed company. This will help you get rid of the risk of fraud and substandard quality.
Before you purchase an item, research it. Browse the web sites selling the product and read customer testimonials. A shopping directory will help you identify the best online shopping deals. Since they are linked to a large number of sites, they will be able to group stores category wise. For more details visit to www.auction-profits.com .Many online shopping directories also have reviews of the stores they feature.
Visit a number of websites before you finally buy an item. This will help you find the lowest price and deals on products that you wish to buy. Some websites even have discounts and attractive coupons or special offers.
Before you click the 'Buy Now' button, have a clear idea of the return and delivery policy of the company you are dealing with. Most reputed online shops will list only those items that they have in stock. However, it pays to check whether the item you want is in stock or not. Select a store that has quick order processing turnaround times.
Author : Harminder
http://www.articleclick.com/Article/Advantages-Of-Online-Auction./1068151
car auctions
Online shopping has a number of advantages.
* Online shopping allows buyers to browse through hundreds of virtual shops. Thus the buyer can choose, compare and read testimonials about products without having to step out of the house.
* Most online shops have customer friendly delivery and return policies that make it possible for buyers to use an item and send it back in case there are any problems.
antique auctions
* Since many online shops do not require expensive storage and outlets in the city, they are able to cut down on operational costs. For more details go to www.mining-auction-gold.com .Therefore, online shops are able to offer great online shopping deals to customers.
As you can see, online shopping is fun, safe, convenient and practical. Two of the most important features that characterize successful online retail shops are: great service and attractive pricing.
These days, you come across a number of online retail shops that deliver top-quality consumer products across brands and demographic locations. In order to keep up with this extremely competitive business, these online retail shops continuously add new products to their catalogs. They cater to the needs of all kinds of consumers from individual customers to corporate end-users.
However, as the shopper, you need to remember a number of things if you want to find the best online shopping deals. Safety and security issues obviously come first. Shop with a merchant who uses secure shopping cart systems. To ensure that, buy from a reputed company. This will help you get rid of the risk of fraud and substandard quality.
Before you purchase an item, research it. Browse the web sites selling the product and read customer testimonials. A shopping directory will help you identify the best online shopping deals. Since they are linked to a large number of sites, they will be able to group stores category wise. For more details visit to www.auction-profits.com .Many online shopping directories also have reviews of the stores they feature.
Visit a number of websites before you finally buy an item. This will help you find the lowest price and deals on products that you wish to buy. Some websites even have discounts and attractive coupons or special offers.
Before you click the 'Buy Now' button, have a clear idea of the return and delivery policy of the company you are dealing with. Most reputed online shops will list only those items that they have in stock. However, it pays to check whether the item you want is in stock or not. Select a store that has quick order processing turnaround times.
Author : Harminder
http://www.articleclick.com/Article/Advantages-Of-Online-Auction./1068151
Product Sourcing For Ebay: Don't Get Caught In These 3 Deadly Traps
Are you new to product sourcing for Ebay? While this is an excellent business model, like any business, there are traps which can catch the unwary...
When choosing your wholesalers for Ebay sellers, here are some points you need to be aware of:
1. Compensation - Keep in mind that you are running your Ebay business to make money. There are several different compensation programs in the market. The most common model allows you to set your own retail rate: your partner's unit wholesale price for each product plus your own markup. So the minimum bid you will accept in your auctions is your retail rate. Every time you sell an item, you earn at least your markup. This method is straightforward and easy to track. Some wholesalers operate different compensation models, so remember to double-check the terms and conditions. Make sure you understand the compensation model. Here are some questions you need to ask:
2. Sell only what's hot on Ebay - You need to be in tune with the market. To make money right from the start, you need to offer only the best items to sell on Ebay. For example, your music CDs dropshipper needs to offer the latest hits as well as the evergreens and golden oldies. Selling Elvis Presley CDs can make a decent amount of cash every month, but selling the latest chart topping single could net your the same amount in one day! If you need to find a new product sourcing for Ebay partner who offers the hot product, then do so. Don't limit yourself to your trusty pet accessories dropshipper during the Christmas season, find a dropshipper who offers the latest Christmas toys and decorations. Here are some questions to ask yourself before you setup your Ebay shop or auction:
3. Shipping and handling - Make sure your partner handles the shipping and handling. Also make sure you pass the postage and handling costs to the customer. One of the main attractions of using a wholesale dropship supply partner is to avoid having to go to the post office yourself. Make sure that your partners directly ship the products from their warehouses within one or two days after the payment is received. Here are the pitfalls to be aware of:
If you have to answer "Yes" to any of the 4 questions above, find another vendor!
When picking your partnerships for product sourcing for Ebay, keep these 2 points in mind - minimum costs and maximum simplicity. Otherwise you may as well set up a workshop to produce your own products for sale.
Author : Pete
http://www.articleclick.com/Article/Product-Sourcing-For-Ebay-Don-t-Get-Caught-In-These-3-Deadly-Traps/1044146
When choosing your wholesalers for Ebay sellers, here are some points you need to be aware of:
1. Compensation - Keep in mind that you are running your Ebay business to make money. There are several different compensation programs in the market. The most common model allows you to set your own retail rate: your partner's unit wholesale price for each product plus your own markup. So the minimum bid you will accept in your auctions is your retail rate. Every time you sell an item, you earn at least your markup. This method is straightforward and easy to track. Some wholesalers operate different compensation models, so remember to double-check the terms and conditions. Make sure you understand the compensation model. Here are some questions you need to ask:
- Is payment by check only? Is direct deposit available?
- Is there a minimum amount you need to earn before they pay you your commission?
- Who handles taxes?
- Are you required to make a long term commitment?
2. Sell only what's hot on Ebay - You need to be in tune with the market. To make money right from the start, you need to offer only the best items to sell on Ebay. For example, your music CDs dropshipper needs to offer the latest hits as well as the evergreens and golden oldies. Selling Elvis Presley CDs can make a decent amount of cash every month, but selling the latest chart topping single could net your the same amount in one day! If you need to find a new product sourcing for Ebay partner who offers the hot product, then do so. Don't limit yourself to your trusty pet accessories dropshipper during the Christmas season, find a dropshipper who offers the latest Christmas toys and decorations. Here are some questions to ask yourself before you setup your Ebay shop or auction:
- Do you know what is hot this season?
- Does this wholesaler offer these items?
- Is this model new, or has it been offered the past umpteen years?
3. Shipping and handling - Make sure your partner handles the shipping and handling. Also make sure you pass the postage and handling costs to the customer. One of the main attractions of using a wholesale dropship supply partner is to avoid having to go to the post office yourself. Make sure that your partners directly ship the products from their warehouses within one or two days after the payment is received. Here are the pitfalls to be aware of:
- Do you need to maintain any inventory? The answer had better be "No!"
- Do you need to pay postage out of your own pocket? You are supposed to pass this cost directly to your customer.
- Does your partner charge you any additional administrative costs?
- Do you have to pay any storage costs?
If you have to answer "Yes" to any of the 4 questions above, find another vendor!
When picking your partnerships for product sourcing for Ebay, keep these 2 points in mind - minimum costs and maximum simplicity. Otherwise you may as well set up a workshop to produce your own products for sale.
Author : Pete
http://www.articleclick.com/Article/Product-Sourcing-For-Ebay-Don-t-Get-Caught-In-These-3-Deadly-Traps/1044146
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