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Research before you list

It is imperative to know your market. In order to do that, you need researches(and I mean more than one research). Perform a quick search using the Advanced Search function available for eBay users(normally on the top right-hand corner of every eBay page) to look for completed auctions. This function provided by eBay is totally free and relatively painless process. Key in the name of your item, for example, you are planning to research on Sony Ericsson Z610i mobile phone, instead of keying in “mobile phone” or “Sony Ericsson”, why not key in "Sony Ericsson Z610i"? This lets eBay search engine narrow down the results to a specific model of Sony Ericsson’s.

When you get the results page, click on Completed Items(under the display heading) and sort the results by Highest-Priced. Ignore the listings that never received bids, those are failures. Scrutinize the most successful sales and see what the starting price and selling price were, at what price range the item was normally sold, in which category the item was listed, as well as find out how the sellers have described and promoted their items so that you can learn from them and apply it to your listings, but DO NOT copy and paste, make sure you write your own description, because buyers tend to look for a listing with an unique and different description.

Research is a challenging task, but it is definitely imperative. Not only a research helps you in setting an attractive price, it also gives you a better idea of which category suits your item more.

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Clean and clear listing details

People always asked me to recommend a good payment gateway to accept online payments. Besides Paypal, 2CheckOut and StormPay have been doing a great job to secure certain percentage of the market share. Not forgetting the newly emerged Google Checkout. We all know they are good, that's why I'm not going to recommend any good payment processor today.

However, I'm going to NOT recommend a new payment gateway that I've recently come across. The name is AdvantageProcessors. When you enter the site, everything looks just fine, but when you wanna find out more information about the products and services they are providing, you get peanuts. Let me just rephrase this, before you purchase a product/service from a company, you definitely find out who they are, where they are and how to contact them. There’s NO company name, NO address and NO contact number. AdvantageProcessors is so not convincing that makes me doubt their trustworthiness.

The only way to get in touch with them is by submitting the contact form, hey, they can’t even afford to hire a customer service personnel? And we are talking about business here, of course we need to be serious.

Therefore, stick to your current payment processors. Why turn to a payment processor like AdvantageProcessors? I love Paypal and 2CheckOut.

So what have we learnt today? The moral of the story is, provide as much details as possible in the auction descriptions. Among the vital are the item, payment and shippping details. The clearer, simpler and easier to locate the listing information, the less likely you are to confuse, disappoint and send off the bidders. If your listings make bidders think twice, you already lose half of the battle.

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Get paid to blog

Forget about eBay for a moment. "Getting paid to blog" is the recent trend in the blogging world. If you like blogging/writing, why not get paid for doing so? I love getting paid to write.

The service is called Blogsvertise. Sign-up is particularly simple. Just fill out the form and submit your blogs for review and approval. Once approved, your blogs will be placed in the queue, and Blogsvertise will email you the tasks to write about in your blogs. You can write anything about the advertiser however you want, even complain. You won't be penalised.

How do you get paid? Paypal definitely. I believe you have been enjoying the great Paypal features and you know it well. Payments are made only after 30 days you accomplished your assigned tasks.

The current payout rate is ranging from $5 to $10 per post. Not bad for an additional side income, besides eBaying.

What are you waiting for? Stop writing and blogging for nothing, let's do it for money. Cheers!

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Season's Greetings

It's been a long time since I last updated this blog. I was terribly busy with work and personal issues. I've finally got myself reorganized and I'm back. Stay tuned for more updates and tips.

May the Love, Peace, and Joy of Christmas be yours always.

Merry Christmas and Happy New Year!




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eBay Sources of Wholesale Merchandise

People always wonder where eBay Power Sellers obtain the low-cost merchandise from. The answer is here. Below is some of the popular sources for merchandise at wholesale prices, eBay Power Sellers often buy from these wholesalers.

Liquidation is a Liquidity Services, Inc. marketplace where eBay sellers can source commercial surplus inventory and government surplus assets in an online environment. Liquidation offers wide variety of product categories includes apparel, computers, electronics, housewares, industrial equipment, vehicles, and much more.

Lik Sang is one of the largest Hong Kong-based wholesalers offering video games and accessories for consoles like PlayStation 2, PlayStation 3, Sony PSP, GameCube, Nintendo Wii, Nintendo DS and Xbox 360.
*Tips* You have to create and log into the account to get the wholesale prices.

*** Please note that Lik Sang is already out of business ***

Updated on 21February'2007- Lik Sang was forced to close down due to multiple legal actions brought against it by Sony Computer Entertainment Europe Limited and Sony Computer Entertainment Inc.

Via Trading
Via Trading
deals in department store returns, overstocks, surplus goods, closeouts and liquidation items.
Product categories: electronics, apparel, tools, footwear, fashion accessories, cosmetics, hardgoods and softgoods.

LiquidXS
LiquidXS
is a multi-channel wholesaler who sells brand name closeouts to resellers of all sizes all over the globe. LiquidXS is offering merchandise from leading brands such as BOSCH, LEGO, LG, ONEIDA, PLAYHUT, CONAIR, BARBIE, FARBERWARE, SALTON, MAISTO, OHIOHUT, BANDAI, BRATZ and many more.

Buylink
Buylink was born from a small community of vendors and retailers in 1996, Buylink was the first B2B exchange for specialty consumer goods. Buylink is experiencing continuous growth since its inception, and the Buylink Marketplace is currently offering thousands of products.

Luxury Brands
Luxury Brands is offering authenticity-guaranteed products with highest quality. You can get low prices for prestigious brand names like Giorgio Armani®, Gianni Versace®, Valentino®, Gucci®, Hermes®, gucci®, Ralph Lauren Polo®, JP Tods®, Loro Piana®, Gianfranco Ferré®, Fendi®, Givenchy®, Ermenegildo Zegna®, Iceberg®, Moschino®, Burberry® and Prada®.

Madison Avenue Closeouts
Madison Avenue Closeouts is a leading supplier of off-price wholesale clothing and apparel to retailers, distributors, and online sellers of all sizes. They buy directly from the nation's leading upscale department stores and World Famous Catalog retailers and can offer you First Quality designer apparel, shoes, and lingerie at prices well below original wholesale cost.

Children’s Wholesale
Children’s Wholesale is offering great children’s clothing including formal wear, communion dresses, outerwear and all the great styles. They are a store opening service and resource for fill-ins year round to independent retailers, selling over 100 name brands of kids clothes, that you know and trust, all at or below wholesale prices.

Teeda
Teeda is a family-owned and operated wholesale jewelry business. Their commitment to outstanding customer service, quality merchandise, and attractive pricing has remained the same throughout our 30 years of doing business with retailers and volume purchasers across the United States and around the world. Their products feature wholesale silver rings, earrings, bracelets, necklaces, chains, pendants, charms and much more.

Dragon Distributing
Dragon Distributing is a leading, non-competing wholesale distributor who specializes in the distribution of consumer electronics to independent dealers and chain store operations. They are offering Mobile Video Products, Car Audio Products, Motor Sport Accessories, Neon and Auto FX, Car Audio Accessories, Radar Detectors, CB Radios, CB Antennas and Accessories, Scanners, Power Inverters, 12-volt Travel Accessories, Auto Security, Portable Audio and much more.

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HammerTap

Hammertap Deep Analysis 2 is an invaluable research tool for eBay sellers. By sorting through the multitudes of auctions, the program identifies top-selling items up for bid in your particular niche of the eBay market. Deep Analysis allows you to drill down and narrow your search to find the most successful brand or product feature within a category of merchandise - information that will help you effectively evaluate your products' sales potential.

This software can also uncover auction trends that will yield higher sell-through rates in your own auctions. For instance, use the data available on
Deep Analysis 2 to discover which day of the week is best your end your auction listing, assess whether or not you should use a reserve, choose starting prices that attract more bids, and much more.

In addition,
Deep Analysis has an "Auction" tab on its search results page that enables you to investigate successful auctions via a variety of factors, including their popularity, starting price, total sales, number of bids, seller's reputation, reserve sell-through rate or category. It is a great way to learn exactly what determines an auction's success.

If you are looking for an eBay market research tool,
Hammertap Deep Analysis is definitely the one that you cannot miss. Now that the Hammertap3 is released, it is undoubtedly an unbeatable eBay research tool on the market.

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101 Ways to Boost Your Fortune on eBay

101 Ways to Boost Your Fortune on eBay: Easy Ways to Get More Money for Everything You Sell
by Dennis Prince

From the Publisher
Bestselling authority on eBay Dennis L. Prince shows anybody how to make a king's ransom in sales

In 101 Ways to Boost Your Fortune on eBay, eBay guru Dennis Prince offers 101 proven strategies to help you become the star of your own eBay success story. Prince covers all the hot topics online you need to know through a series of concise "Fortune Boosters" -- no-nonsense articles packed with fast facts and ready-to-apply strategies. He explains everything from increasing your profits -- even when eBay increases its user fees -- to using eBay's Meta-Data to determine what products to sell and increase sales.

Product Details
Format: Paperback, pp. 288
Publisher: McGraw-Hill Companies, The
Pub. Date: July 2006

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eBay Keywords Program Discontinued

eBay will be discontinuing the eBay Keywords program at the end of September. The program, which allowed eBay sellers to bid for keywords for text ad placements, will be phased out as follows:

    • 1. The week of September 5th, existing eBay Keywords text box ad placements will be removed from search results pages. eBay Keywords customers will still have access to larger graphical ad placements through the end of the month.

    • 2. On September 30th the program will close. (No ad placement inventory will be available for the eBay Keywords program.) The eBay Keywords program has been used by a very small percentage of eBay members since its launch in 2003.
Sellers who have participated in the eBay Keywords program will receive an email with more information about the closing of the eBay Keywords program.

News announced on August 23, 2006 01:00PM PST/PT

Link to this announcement

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Terapeak

Terapeak, licensed by eBay through the auction site’s data licensing program, is one of the best eBay research tools on the market.

The Victoria, British Columbia based company provides pricing, keywords, category and many more types of research data on the eBay marketplace. The research statistics and marketing data are generated from Terapeak's "smart seach" data-mining tool which accesses data from closed eBay auctions in most of the major product categories.

Terapeak helps eBay sellers sell more effectively by giving them the information they need to accurately understand and predict the performance of their eBay listings. It also helps determine the best time to list products.

If you are looking for answers to the following questions, Terapeak is the tool that you need to succeed in eBay sellings.

  • How is my competition performing?
  • What is the real value of my goods?
  • When should I list my items?
  • Which is the best category to sell?
  • What was the highest price this item sold for?
  • What is the most frequent end price?
  • Is Bold or Highlight worth it?
  • What do top sellers use?
  • Does Buy It Now truly help?
  • Should I list Bid or Fixed price?
  • Which day of the week the buyers shop?
  • What are my competitors secret? etc

Click on Terapeak to go to the website and find out more.

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My first blog

This is my 1st blog ever in my life. How am I feeling? I'm just getting a bit nervous, excited and don't-know-where-to-start... duh!

Who would think that an online trading community created by Pierre Omidyar in Sep'95 has now become the unbeatable auction site with more than 200 million users? I bet nobody did. Well done, eBay!

The Old saying "If you think you can, you can" does not apply to 21st century anymore 'cause Pierre never thought he could, but he made it. :)

Anyways, this blog talks anything about eBay, the greatest online marketplace ever.

So, feel free to drop a line or two. Make yourself at home.

Cheers!

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