Wednesday, May 23, 2007
Review - Unreal.Dealls (Nate) Real Money eBook - Pt. 2
I have my Google Adsense account setup and I have implemented adsense into this blog for starters. Not profitable just yet but it's still early.
Review - Unreal.Dealls (Nate) Real Money eBook
So I'm surfing eBay one day looking at eBay's Pulse and I see this guy with an afro telling me that a 19 year old kid makes over $26,000 a month and the ebook will show how its done. The item description advertisement was great in my opinion and it intrigued me enough to pay to see what he was talking about. A small investment of $8.00 didn't seem to bad, about 2 gallons of gas nowadays.
My main reason for buying was to see if he had any hints of how he had 2 listings on the Pulse simultaneously. He left some hints but nothing that was of shock and awe. I have read his ebook several times (it's not as impressive as the advertisement, but these things rarely are), and have not really given it a chance.
I have a bad habit of reading instructions and deciding that I know better than the author and choose to do it my way instead of the way thats recommended. But it has worked for me in the past because sometimes I do know better than the author.
Well I'm going to follow the recommendations in the eBook and track on this blog how profitable Nate's system is. No I won't quote his book or give it away, because that wouldn't be fair to another seller. I'll tell you this, it does involve Google Adsense and the rest of it isn't rocket science at all. I'm interested to see if his make money deal is propelled by adsense or just the sale of his ebook.
Look out for the next part of this review and trial experiment.
My main reason for buying was to see if he had any hints of how he had 2 listings on the Pulse simultaneously. He left some hints but nothing that was of shock and awe. I have read his ebook several times (it's not as impressive as the advertisement, but these things rarely are), and have not really given it a chance.
I have a bad habit of reading instructions and deciding that I know better than the author and choose to do it my way instead of the way thats recommended. But it has worked for me in the past because sometimes I do know better than the author.
Well I'm going to follow the recommendations in the eBook and track on this blog how profitable Nate's system is. No I won't quote his book or give it away, because that wouldn't be fair to another seller. I'll tell you this, it does involve Google Adsense and the rest of it isn't rocket science at all. I'm interested to see if his make money deal is propelled by adsense or just the sale of his ebook.
Look out for the next part of this review and trial experiment.
eBay's Newest PowerSeller
Yes folks! You've heard it right. I recently achieved the rank of PowerSeller on eBay. It was a goal that I set for myself and managed to obtain after some heavy marketing and promotion. Thank you to everyone that helped me achieve this status.
Thursday, May 17, 2007
The Problem With Dropshipping on eBay
Ok, let me just say right up front that I am not against drop-shipping! I love the concept. If you are dealing with a particular wholesale drop-shipping distributor that is serving your Ebay ambitions well, then hold onto that company with bonds of steel, for truly good drop-shippers are hard to find!
Drop-Shipping sounds like the utopian business model. No up front investment in inventory. You don't have to carry packages to the Post Office, United Parcel, or Fedex. All you have to do is set up your own business, auction, or retail website and advertise the products that the company provides. Once the orders come in, you forward it to the drop-shipper and they send the product directly to your customer.
But, the devil is always in the details. Dropshipping is best suited for a stand alone E-Commerce website, mail order, or catalog advertising venue. If you are considering using a wholesale drop shipper for your Ebay auction, then you might want to take a step back and let me provide you with some "points to ponder."
Back ordered products..The reality is that drop-shipping companies run out of product and will be back ordered. Ebay bidders purchase product in "real time." They are under the impression that the item you auction, is the item they bought, not a product that is subject to shortages.
One or two customers might be understanding about the situation, but most will not. If you happen to run out of product on a regular basis then your negative feedback rating will go through the roof, and your reputation will suffer.
One way to combat shortages is to buy a pallet of product in advance, and have the drop-shipper store it in their warehouse so that you are assured of an ample supply. This method sort of goes against the idea of Drop-Shipping (buying the product in advance) but if you are selling on Ebay, you would be best served by employing this method.
Also, if possible, find a drop-shipper in your area, or within a comfortable traveling distance. If you run into any supply or shipping problems, then you could be on hand to visit the facility, should any shipping or logistic concerns arise.
Fees..Some dropshippers will charge you a sign up, or entry fee of about twenty five to fifty dollars just for the privilege of selling their product. You are also charged a "processing fee" for sending the product to your customer.
The "price for processing" can range anywhere from seven to twenty dollars per item, depending on the type of merchandise you are selling. These expenses, plus Ebay fees, can take a big chunk out of your bottom line. Finding a product that can bring you a profit, as well as offseting these types of expenses, can be a delicate balancing act.
Circumventing your customers..While I do not believe that this is a pervasive practice among drop-shipping companies, anecdotal evidence has suggested that some unscrupulous enterprises can cut you out of the sales loop. They could they easily substitute your return address for their company logo, selling directly to your customers.
Market saturation..One of the largest wholesale drop-shippers in the county is the B&F System, BNFusa.com. A lot of Ebayer's started selling their products, one in particular, called Giovanni Navarre leather jackets. At first, it was a profitable item. After a while, everyone started selling the same product. Too much of the same supply, creates market saturation, ultimately destroying profit potential for the seller.
The Giovanni Navarre leather jackets are still being sold on Ebay today, but I doubt that they still provide a very profitable return for the seller. Even though B&F carries over 500 products in 14 different categories, they are intimately familiar to the Ebay community. You could probably make a great profit from just about any B&F product if you were to sell them off line, and out of the auction arena.
When a company becomes too well known to the general public it becomes almost impossible to make money from products that have flooded the marketplace. In addition to finding a drop-shipper who is close to home, it might be a good idea to find a DS company that is not well known to the Ebay market, or who's products have not been scattered all over cyberspace.
These days however, it is hard to find drop-shippers that will cater to the smaller seller. Most will find it more profitable to sell in volume than by the piece. The larger wholesale dropshipping distributors are used by retail catalog operations. To get involved with the larger operations, you would have to be doing a tremendous sales volume.
If you still want to pursue drop-shipping as a source of supply for your Ebay auction, then I would suggest that you read other opinions, and become as educated as you can about the drop-shipping company you do business with.
Remember, when it comes to Ebay auction selling, "own what you sell." Never leave customer service, or your feedback rating in the hands of other people!!
Drop-Shipping sounds like the utopian business model. No up front investment in inventory. You don't have to carry packages to the Post Office, United Parcel, or Fedex. All you have to do is set up your own business, auction, or retail website and advertise the products that the company provides. Once the orders come in, you forward it to the drop-shipper and they send the product directly to your customer.
But, the devil is always in the details. Dropshipping is best suited for a stand alone E-Commerce website, mail order, or catalog advertising venue. If you are considering using a wholesale drop shipper for your Ebay auction, then you might want to take a step back and let me provide you with some "points to ponder."
Back ordered products..The reality is that drop-shipping companies run out of product and will be back ordered. Ebay bidders purchase product in "real time." They are under the impression that the item you auction, is the item they bought, not a product that is subject to shortages.
One or two customers might be understanding about the situation, but most will not. If you happen to run out of product on a regular basis then your negative feedback rating will go through the roof, and your reputation will suffer.
One way to combat shortages is to buy a pallet of product in advance, and have the drop-shipper store it in their warehouse so that you are assured of an ample supply. This method sort of goes against the idea of Drop-Shipping (buying the product in advance) but if you are selling on Ebay, you would be best served by employing this method.
Also, if possible, find a drop-shipper in your area, or within a comfortable traveling distance. If you run into any supply or shipping problems, then you could be on hand to visit the facility, should any shipping or logistic concerns arise.
Fees..Some dropshippers will charge you a sign up, or entry fee of about twenty five to fifty dollars just for the privilege of selling their product. You are also charged a "processing fee" for sending the product to your customer.
The "price for processing" can range anywhere from seven to twenty dollars per item, depending on the type of merchandise you are selling. These expenses, plus Ebay fees, can take a big chunk out of your bottom line. Finding a product that can bring you a profit, as well as offseting these types of expenses, can be a delicate balancing act.
Circumventing your customers..While I do not believe that this is a pervasive practice among drop-shipping companies, anecdotal evidence has suggested that some unscrupulous enterprises can cut you out of the sales loop. They could they easily substitute your return address for their company logo, selling directly to your customers.
Market saturation..One of the largest wholesale drop-shippers in the county is the B&F System, BNFusa.com. A lot of Ebayer's started selling their products, one in particular, called Giovanni Navarre leather jackets. At first, it was a profitable item. After a while, everyone started selling the same product. Too much of the same supply, creates market saturation, ultimately destroying profit potential for the seller.
The Giovanni Navarre leather jackets are still being sold on Ebay today, but I doubt that they still provide a very profitable return for the seller. Even though B&F carries over 500 products in 14 different categories, they are intimately familiar to the Ebay community. You could probably make a great profit from just about any B&F product if you were to sell them off line, and out of the auction arena.
When a company becomes too well known to the general public it becomes almost impossible to make money from products that have flooded the marketplace. In addition to finding a drop-shipper who is close to home, it might be a good idea to find a DS company that is not well known to the Ebay market, or who's products have not been scattered all over cyberspace.
These days however, it is hard to find drop-shippers that will cater to the smaller seller. Most will find it more profitable to sell in volume than by the piece. The larger wholesale dropshipping distributors are used by retail catalog operations. To get involved with the larger operations, you would have to be doing a tremendous sales volume.
If you still want to pursue drop-shipping as a source of supply for your Ebay auction, then I would suggest that you read other opinions, and become as educated as you can about the drop-shipping company you do business with.
Remember, when it comes to Ebay auction selling, "own what you sell." Never leave customer service, or your feedback rating in the hands of other people!!
Wednesday, May 2, 2007
eBay's Feedback Fiasco Is Here
Well it has finally arrived. A feedback system that allows buyers to rate sellers in 5 ways but only allows sellers to rate buyers in 1 way. How can eBay think this is a good idea? I just came from the discussion board on eBay and sellers are up in arms over this one. Besides allowing buyers to have so many rating options in regards to the seller, eBay has also decided to put the auction title and sale price in the feedback rating. What? That is a borderline invasion of privacy. For this fact I will make all my future auctions private. That is if I continue to sell on eBay at all. If these types of "improvements" are the future of eBay, I think I would rather sell elsewhere. Over the next couple of days I'm going to see how I can make Craigslist.com a viable option especially for intangible item purchases such as software and eBooks. Ebay has grown from a kitten to an out of control lion that has totally lost touch with the spirit of its original purpose. Well at least I have my memories of the Good 'Ole Days on eBay.
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