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publication date: Jun 6, 2007
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- Editorial
- Fabulous Freebie: How To Profit on eBay
- 8 Reasons Why It Didn't Sell On eBay
- eBay Scams - What's New?
***
Hello,
It's always good to have someone to help you run your
new business, hence the reason 'eBay Confidential'
(http://www.ebayconfidential.co.uk) was created and the
reason we also answer as many questions as possible
which are asked by our readers.
But there are some questions that only you can answer,
and they usually concern the most important aspects of
your business. Questions like: how much money can I
make on eBay?, how many hours will I have to work?,
does this book about selling on eBay really work?, and
more besides.
Taking the last question first 'Does this book about selling
on eBay really work?', I'm asked that question every day,
and the answer is a very emphatic 'No, the book definitely
does not work!'
A book can never work, a book can give advice and tips,
but it's you who does the work, it's you who takes action
based on ideas contained in the book.
You see I really do think virtually every popular book
/forum posting / article about selling on eBay is worth its
weight in gold, even if it provides just one tip you didn't
know about earlier and if that one tip makes you more
money than whatever you paid to obtain that tip. But it
wasn't the book that worked was it? It was you!
And that is what distinguishes successful from
unsuccessful eBay sellers, the fact that the former are
prepared to find free or otherwise invest in new learning
tools which they are also prepared to actually use. The
latter, the losers and also rans, don't and won't seek out
new ideas - the vast majority will never apply those new
techniques.
The same goes for software and other tools to help you
operate and grow an eBay business, tools like Turbo
Lister, for example, and research tools that help you
identify and make money from other eBay sellers' listing
mistakes, or tools that just help you list faster and many
more money sooner. Some, like Turbo Lister are free but
there are paid for equivalents which can be worth their
weight in gold, but only if you actually use them to
increase your profits on eBay.
You have to be pro-active on eBay, you must apply your
knowledge, only then can you enjoy the immense rewards
awaiting you.
As to those other questions mentioned earlier which only
you can answer:
* How much money can I make on eBay?
* How many hours will I have to work?
These are also questions only you can answer, based on
advice from all of us at eBay Confidential, and the answer
is always based on how carefully you choose and locate
products, how carefully you list those items on eBay, how
carefully you plan for your future on eBay.
***
Fabulous Freebie
***
Which brings me to the point of all this ranting and raving
on my part, because I have a great free book for you to
download today which really does include some great tips
about making really high profits on eBay!
But only if you apply what you read in the book.
You can download HOW TO GET BIDS LIKE CRAZY at:
Enjoy!
Happy ebaying,
Avril
**
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***
8 Reasons Why It Didn't Sell On eBay by
Dave Bromley
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There are people out there who believe you can sell
anything on eBay. And that may well be true but not if you
adopt a lazy approach to your listings. A listing is an
advertisement for the product or item that you are trying to
sell, an item that you are hoping to get the best price for.
And if you are to succeed in this you need to spend some
time working on your listings and do not become a "lazy
lister".
There are 8 easy ways to spot a "lazy lister" and the first
and most obvious is the listing without a photograph. I
would find it difficult to imagine any listing, which would
not benefit from some sort of photograph either to act as
an attention grabber or to show the item you are selling.
Almost as bad as this is the poor quality photograph,
possibly blurred, out of focus and showing little detail. In
these days of inexpensive high quality digital cameras
there is no excuse for poor photographs.
The big percentage of buyers these days use PayPal as
their chosen payment method and yet you still find sellers
who will not accept PayPal. I suspect it is because they do
not want to pay the charges but this is a case of cutting off
your nose to spite your face. You will lose more because
your item does not reach its highest possible price than it
would cost you in payment charges. Not accepting PayPal
is a real false economy.
Your actual description is short and lacks detail. In the
advertising world there is a saying, "The more you tell, the
more you sell". But looking at some listings you would
think that eBay charged by the word. If you want the best
price tell potential bidders as much as you possibly can
about the item.
Also you should avoid a listing full of hype words and
slogans. 'Tremendous', 'fantastic' and similar words do
little for a listing and often bring into question the seller's
credibility.
There are 2 great mistakes when it comes to shipping.
You can give no indication of your shipping charges,
which is bad, or even worse you can try and make extra
profit by inflating your shipping charges. In either case you
are going to put off potential bidders.
Finally if you really want to ensure that your item does not
sell start off with a really inflated opening bid price.
This is a real winner if you want to have the item left
on your hands. Remember, if you start low the market will
find the correct price level so do not be afraid to start
with a low opening price.
If you are guilty of any of the "lazy listers" bad habits do
something now and maybe you will not get so many
"Item Not Sold" e-mails from eBay.
Dave Bromley is the webmaster and publisher of UK
Auctionline dedicated to information about all matters
relating to eBay and ebay.co.uk. The monthly UK
Auctionline is in its 6th year of publication and you can
become a subscriber by going to
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eBay Scams - What's New? By Vickie Scanlon
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eBay scams abound, on both the buyer and the seller
side. Granted, eBay is a great way to sell or buy products
online, however, do not participate with your eyes closed.
Always be aware of what is going on within the auction
world and protect yourself -- whether you are a seller or a
buyer.
Here are some of the current 2007 eBay scams going
around.
Buyer Side Scams
* Western Union Scam - The scammer states that they
can only accept payment via Western Union. The buyer
finds the product the seller is advertising to be so enticing
and below cost, that the buyer can not resist. So, he/she
will agree to send money through Western Union to
purchase the product. What happens - 1) they may never
receive the product from the seller. 2) The seller will send
a product not of the quality advertised.
Rule of thumb: Never,ever send money to a complete
stranger via Western Union. (Editor: Actually it now
contravenes eBay rules to request payment by Western
Union so this scam is far less prevalent than once it was.
But people still do ask for payment this way so be on your
guard and report scamsters to eBay).
* Fraudulent listings-auctions - fraudulent auctions
contains links that direct buyers to spoofed sites that
attempt to phish their eBay credentials.
* The Fake Escrow Account - The scammer utilizes an
email to purport the scam. When a buyer states an
interest in buying, they receive an email from the seller
(scammer) that states to please send their payment via a
wire transfer through an "eBay trader". This is where the
scam gets interesting: the "eBay trader" notation is the
scammer's attempt to fool the buyer into thinking that this
is truly a secure escrow account, when in fact it is not.
Where does the money go? The money is deposited
directly into the seller's overseas account.
If you are wanting to buy:
1) Ask questions of the seller about the item
2) Verify seller's contact information-before you submit
money to seller
3) Make sure your method of payment offers protection.
PayPal is the safest way on eBay,
4) If seller accepts only cash or cash wire transfers, do not
bid on the listing.
5) Be cautious when considering escrow accounts.
6) If you received an email that says it was sent by eBay-
verify you can check that the email is real by forwarding
the email to spoof@ebay. They will respond in 24 hours to
tell you if it is real or fake.
When the Seller Is Scammed
The seller can also be scammed. So, for the newbie
wanting to try their hand at eBay selling, make sure you
do a little research, and have things set up to protect
yourself and your business. Here are some of the scams
sellers can encounter.
1) Fake credit card, check or money order.
2) Utilizing the chargeback feature - the buyer, using their
credit card, will purchase the item. So far, so good.
However, once the product has been received by the
buyer, they will issue a chargeback. The scammer is
banking on the fact that you do not have enough proof
that you sent the product - giving them an a way out of
paying for the product while also keeping the product. But
where will that leave you, the seller? In most cases, You
will not get the product you sent to the buyer (1 loss); and
the 2nd loss, you will be responsible for the chargeback
charges.
Rule of thumb - make sure you keep accurate records and
that you work with a delivery service that includes tracking
numbers to verify the product was sent.
3) Stolen credit card - The scammer buys with a stolen
credit card. The scammer gets the product, but then the
owner of the stolen credit card calls the credit card
company stating that their credit card has been stolen.
The credit card company, in turn, orders a chargeback.
Again, the seller is responsible for the chargeback
charges.
4) eBay Account hijackers - is where a scammer hijacks
the account of a legitimate seller with a good feedback
record. This is bad for the legitimate seller and the buyer.
Both lose.
To conclude, if you want to try your hand on eBay,
whether you are a seller or a buyer, do not go blindly into
it. Get the facts, know the red flags, and thus, when you
should back away from a deal.
Vickie J Scanlon -- Visit her site at:
http://www.myaffiliateplace.biz for free tools, articles,
ebooks, how to info, affiliate opportunities, travel and tech
accessories, software and computers for the online
business.
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