Opportunities in workclothes
publication date: Nov 1, 2006
*******
- Editorial
- How to Find Good Wholesale Deals on
eBay by MichaelContaro
- Beware - Sellers Can Get Duped On
eBay by KenSnow
*******
Hi,
Don't you just love it when something
awful happens to me? In the nicest
possible way, of course, because strange
and regrettable things that occur in my
eBay business almost invariably make
their way into 'Don't Let it Happen to
You' articles to benefit my readers.
Well I have two stories this week, both
lost me money, which is good, very good!
Good because both resulted from
problems I should have anticipated, but
didn't, problems that definitely won't
affect me again.
'Problems are opportunities in
workclothes', so said leading industrialist
and so-called 'Father of Shipbuilding',
HenryKaiser (1882 - 1967). And he was
right because problems can reveal a
shortcoming in your business which you
can correct. Or the problem may be
something that happens in the course of
business though not necessarily connected
to your business. Either way, many
problems can be corrected or spotted and
stopped from threatening your business
profits in future.
My problems, my 'opportunities in
workclothes' this week:
*Problem Number 1
At a postcard auction last week, I bid
highest on 19 lots, but got home to
discover I had twenty items. The
confusion came as a result of a new
employee at the auction house who failed
to spot that, to allow short notice lots to
enter the auction, many firms describe
these new lots as 'A' lots, which means
they can be slotted alongside similar lots
without disturbing number sequence. For
example, and in this particular case, item
31 was a bundle of dog postcards, lot
number 32 was artist postcards. Another
bundle of dog postcards were entered into
the auction after lots were listed online
and in print catalogues.
Instead of including the new bundle at the
end of the auction and miss out on people
who leave mid-auction to begin long
journeys home, the auction house listed
the new lot as 31A, posted the information
on the door to the auction room where it
could easily be seen and began taking bids
immediately lot number 31 ended. Two
lots of dog postcards sold consecutively.
Good idea.
But the problem was the new employee
gave all A lots to successful bidders for
same number lots, so in my case I got lot
number 31 which was mine, as well as lot
31A which wasn't mine.
I didn't realise the mistake until arriving
home about two hours earlier and, though
it wasn't my mistake, I felt honour bound
to take almost four hours from work the
next day to return the cards.
The moral is, don't just leave it to auction
staff to check your lots, instead watch as
the lots are presented and marked off your
bidding sheet, then you won't arrive home
with someone else's stuff. Or worse still,
you won't arrive home without stuff you
were desperate to have which you have
paid for and have probably signed as
having received before you left the
auction. That signature means you may
not get your stuff later, unless the other
buyer is honest and returns your lots,
which my auction friend tells me is a very
rare occurrence!!
*Problem Number 2
Same day, same auction as problem
number 1: I bid on a large album packed
with postcards depicting views of China,
Japan, Vietnam, and other potentially high
bid Asian and Far Eastern countries.
'Postcards' I said, because they were in an
old postcard album and looked like
postcards. But they were not postcards,
they were pictures cut to postcard size and
slotted into the album almost one hundred
years ago. Not a scam, no one else's fault
but mine, although I think the auctioneer
should have noticed and mentioned the
problem in the catalogue. But he didn't
and I bid on what I thought the lot
contained, instead of bidding on what I
knew the lot contained.
This particular auction is a rushed affair,
with lots of stuff to bid on at every event
and not enough time to view it all
properly. The moral might be: either
spend longer looking and checking or
focus on a few selected lots and inspect
them very carefully.
*Problem Number 3
The unadvertised bonus! Read the second
of the following articles, about bounced
cheques; a similar problem happened to
my daughter this week when someone
bought several photographs from her,
costing £346. He sent a cheque, then next
day threatened negative feedback if he
didn't get his product by return. She
reacted, sent the product, the cheque
bounced!!!!
***
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***
How to Find Good Wholesale Deals on
eBay by MichaelContaro
***
Looking for a place where you could sell
your items for a profit? Why don't you
have a try at eBay.com and see your profit
grow on every sale that you will make out
of your items.
eBay is popular to almost everybody. It
caters to different types of individuals-
hobbyists, traders, computer programmer,
accountant, design engineers, 'buy and
sell' investors, and others. In eBay, you
will find millions of items of varying
kinds that are listed, bought, and sold
everyday. Anything-from Barbie or Bratz
dolls, computer software, antique
furniture, vehicles of old or new models,
and others-can be sold as long as it is not
illegal or illegally acquired (in case the
item is purchased from another individual)
and does not violate eBay's Prohibited and
Restricted Items policy.
Through eBay, there is a chance that you
will be able to get rare items for your
collection. Through eBay, there is a
chance that you will be able to obtain
modern technology merchandises (such as
laptop computers, digital MP3 players,
and latest mobile phone models) at a
competitive price. Through eBay, there is
a chance that you will be able to generate
profit out of your items compared to
selling it on a garage sale.
Through eBay, almost every goal is
possible to achieve.
The majority of the items sold on eBay are
from private merchants who end up
selling such items to other private users.
When you try to search this auction site,
you will also notice that most of the
auctions or deals are for single items.
Although the majority of items sold are
from private sellers to private buyers, the
existence of growing 'business to business'
market on eBay is present. One of which
is the wholesale business, where
wholesalers are using eBay to sell
merchandises in bulk or in large quantities
(thus, the term 'wholesale' is applied) to
resellers.
Wholesalers also understand that though
there are individuals searching for
different items for their own consumption,
there are also individuals who are also
looking for different items for resale
purposes.
Thus, if you are an eBay seller, specialty
shop owner, flea market vendor, or even a
wholesaler, you will be able to find good
wholesale deals on items that you need
using eBay. The online auction site
provides a sub-category for wholesale,
thus you will easily find listed
merchandises for sale on eBay. For
instance, if you are an eBay wholesaler of
toys, all you need to do is to visit the toys
category and click the sub-category
'wholesale'. From there, you will be able
to see the wholesale deals for a specific
kind of item or merchandise.
Probably you are wondering why there are
individuals who does not simply purchase
at wholesale yet they will resell on
individual lots. Part of the reason is that
many eBay sellers do not have the
capability of storing large quantities of
items or money to purchase large lots.
However, if you have the capability of
storing large quantities of items and some
additional money to spend, you should
think about purchasing wholesale lots on
eBay and then selling it on individual lots
later on.
In most cases, eBay wholesale purchases
are set on low price compared on
individual lots. Once you have made the
purchase, you can take better images and
write the best possible description for that
item or merchandise, and sell it for twice
the price you paid for it.
There are always good wholesale deals on
eBay. You will be able to maximize your
business potential as well as revenues if
you consider purchasing wholesale lots on
eBay.
MichaelContaro suggests Auction Sellers
Secrets go to
***
Beware - Sellers Can Get Duped On
eBay by KenSnow
***
Buyers being victims of fraud is
understandable, but sellers? Surprising
though it sounds, that's exactly what is
happening on eBay.
A common fraud is a bounced check. This
has of course been happening for years in
business. Buyers send you checks for the
goods and then they bounce, leaving you
high and dry. The best option is to not
send the goods, till the check has been
cleared. This way you'll be sure of your
payment.
As most are now wiser to this particular
piece of deception, people are resorting to
newer and more ingenious ones. There is a
more difficult-to-detect fraud taking place
on eBay now. A buyer asks for the goods
to be shipped to an unconfirmed address.
This address is different from the one
registered at PayPal. You must note that
PayPal accounts are notoriously easy to
steal from, especially from new users. It
only asks for an email address and
password. PayPal does ask for a
confirmed address now, which matches
the one on the credit card. This is to
prevent credit cards being registered on
stolen accounts. But unscrupulous buyers
ask for things to be shipped to a different
address.
This could be the buyer resorting to credit
card fraud. The goods are often delivered
to the false address before the scam can be
unearthed. Be wary of those who are
willing to pay more and want a super fast
delivery, because they could be scamming
you.
Remember eBay frauds carried out by
buyers are your responsibility. False
payments are always refunded from you
the seller, even if you have never received
the money. Today there are many sellers
and buyers who are moving away from
PayPal, and using other electronic
payment services. You will be able to find
a large number of these alternate service
providers with a simple Internet search,
remember to do your research before
signing up for one of them.
There is another kind of fraud happening
on eBay. Buyers sometimes deny buying
goods and state that they have been
scammed. They ring up the bank that has
issued their credit card and claim
fraudulent use after receiving the goods.
The bank without examining it further
reverses the transaction so the buyer has
the goods which weren't paid for. Though
this is risky, it is so easy to do! Beware of
this kind of fraud and make sure that all
your transactions are over eBay, so that a
proper record is kept of them.
A few precautions and being alert to the
possibility of being duped could make you
be a little more careful about your sales
transactions over eBay.
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