Auctioneering


Auctioneering& Sales Management& The Jewelry Center05 Apr 2009 07:14 pm

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Auctioneering& Commerce Opps& The Shoppers Trail20 Feb 2009 12:42 am

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Auctioneering& Consumers& Sales Management27 Nov 2008 03:31 am

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Auctioneering28 Jun 2008 10:20 am

Want to sell DVDs on Ebay? A lot of people do. Its a competitive market to say the least, but how do they do it – where do they get their stock from? Drop-shipping? Wholesale outlets? Possibly, if you have a spare lockup to store all the bulk purchased DVDs you just bought to get that extra discount. Chances are if you are considering buying to sell on Ebay you have looked into buying wholesaler lists from Ebay itself. Well, If I was you I would not waste my money. In my experience these lists are nothing but junk, containing at best outdated information for wholesalers in the US, with nothing relevant to the UK. There are many, many other ways to purchase DVDs to sell on Ebay – by all means follow the wholesaler route. There are wholesale outlets out there that cater for the Sole Trader, without having to be VAT registered but you usually find that the prices offered are not that much better, if at all, than the prices offered by the larger more reputable stores on the internet. So with that in mind, where should you start…? Well you really need to bear in mind 2 things.

1. People that buy on ebay are looking for a bargain, the trouble is they think that Ebay is the best place to look. They are wrong!

2. The higher the RRP the more bang for your buck.

When people first start selling DVDs on Ebay, they quickly find that the profit margins are slim to non-existent, but they usually have a plan: so what, they think, if they only make £1.00 for every DVD sold – sell a hundred DVDs in a month and before they know it that’s £100 profit. Fair enough if you are prepared to put in the work. But you will quickly find that of those 100 DVDs you sell in a month, a fairly high percentage of them will make even less than £1.00 profit, some will just break even and some will incur a loss. That’s just the way Ebay is designed: with the consumer in mind (if you have never sold on Ebay before you have to remember that that you are charged a fee when you list your items, charged again when the item sells and charged yet again when the buyer uses paypal for pay for it..!). The promotion of the “Watch this item” option on Ebay has been a boon for the customer but a bane for many a seller, whereas in the early days to watch an Item the customer had to place a bid, now it is very apparent that items can be added to a customers watch list the day you upload your listing and they do not have to place a bid until the auction closes, which can make for a last minute bidding frenzy and lower final values! So what is the best way round this? For the most part steer clear of the latest Region 2 blockbusters. There is too much competition for those, but if you can find a good source for Box-sets, Limited Editions, Deleted DVDs or Imported DVDs you will be onto a winner. These items will tend to fetch more money because of their perceived higher value or rareness of the DVD. But where should you buy them from? That is the 6 Million Dollar Question, but here are a few recommendations.

1. Price comparison Sites.

There are many price comparison sites on the internet, search for these in google, identify your favourite, enter your keywords and search for your DVDs. Some of them offer a list of the the best bargains currently available, sorted by either percentage or value discount across the majority of the big name retailers on the net. Yet more will allow you to target a specific DVD: enter your email address and select a target price. When the DVD reaches that price you will automatically be sent an email informing you where to purchase the DVD. Advantages of this are obvious since it will save you a lot of time an effort hunting down the bargain yourself.

2. Community Forums.

These sites can be worth their weight in Gold. Specialist Bargain hunter forums run by people just like you and populated with members just like you – all devoted to finding the latest and best bargains on the internet, whether they be legitimate sale discounts or the more sort after and flirtatious Mis-Price (these occur when the an on-line store messes up and lists a high value DVD for a 95% discount or something similar – it happens and if your quick off the mark, you might be able to get an order dispatched before the retailer rectifies the mistake). As well as the Bargain sections of these forums many also have a classified section, which brings us onto….

3 Second Hand. This is really a good market. I know I said earlier to steer clear of the latest blockbusters, but some of the forum sites have a very good classified section populated by people who purchase all the latest DVDs from all regions then sell them on when they are finished watching them for a discounted price. It is in forums sections such as this that you may find your ebay rarities and deleted limited editions being offered for sale at very discounted prices, possibly because the seller does not realise the true value of what he is offering.

4. Ex Rental.

Sometimes DVDs are released only for rental, with the sell thru DVD delayed for a couple of months. These DVDs can sometimes be picked up from the ex-Rental bin of your local DVD shop, usually for a very palatable price. List on Ebay as RARE, Not available in shops or some other sensational tag line and the DVD will probably sell for a good price. (But make sure you let the customer know that the Item is not new)

These are just a few ways for you to get hold of your DVDs at the best possible prices. I hope you find them useful and I wish you the best of luck with your Ebay endeavours.

Badwolf is the administrator of Cheap DVD, Video Game & CD Website DVD Bargain Alerts. Dedicated to finding the best prices on the Internet.

Auctioneering26 May 2008 02:51 pm

Q: I want to start an online business. Since I don’t know anything about ecommerce and building websites and such, I’m thinking about starting out selling products on eBay, then pay someone to build a website for me once the money starts coming in. The big question is: what is the hot product to sell on eBay to make money fast?
– Bob D.

A: While it’s true that selling products on eBay can be a quick, low cost way to launch an online business, following the herd by selling the “hot product” of the moment, is not a great idea. To the contrary, chances are you will be stomped in the ground by the herd and left lying in the dust with your unsold inventory in hand.

We talked about starting a profitable eBay business in a previous column and the advice I dispensed then still applies today.

The most successful eBay sellers are those who understand that success on eBay relies on many of the same factors as success in a brick and mortar business.

Smart sellers research the marketplace and the competition to determine the salability and profitability of the product.

Smart sellers test the market with one or two before committing to a product line and tying up their cash reserves in inventory that may never sell.

Smart sellers adjust their product offerings until they find a product or product line that sells consistently.

The last point is perhaps the most important. Long term eBay success does not come from “one off” sales. The key to real eBay success is to find a product that sells well and sell that product over and over and over again.

I asked Timothy Mina, author of the new book, The Online Auction Expert’s Bible To Selling on eBay, his thoughts on launching a successful eBay business.

Why is eBay so attractive to entrepreneurs?

“With an eBay business, you set your own hours and set your own goals,” Mina said. “You can work as much or as little as you want and whenever you want. Many sellers supplement their income by selling on eBay and many others have turned it into a full time business.”

Mina cites the following reasons for eBay’s growing popularity among entrepreneurs who want to start an online business:

You can start up quickly and don’t need special skills.

There is very little risk and investment required to get started.

The marketplace is huge. There are millions of potential customers waiting to buy what you’re selling, 24 hours a day, with the click of a button.

No stress, no boss. Yes, there is work involved, but the work can be done at your own pace. You are your own boss and you set your own schedule.

Most importantly, you can follow your passion and do something you love. If you sell something you enjoy selling, online auctions aren’t just profitable, they’re fun and exciting, too.

Why It’s Critical To Find Your Niche?

Mina recommends creating your eBay business with niche items. According to Mina, the benefits of targeting a specific niche market include:

If you are going to rely on eBay as your primary source of income, it is essential that you find your niche. If the goal of your eBay business is to earn enough money in your spare time to make your car payment every month, it is less important, but still highly recommended.

If you find a profitable niche, you will become a certified guru of the items you sell you will ideally be the only one on eBay offering the products.

Your expertise will make it ten times as easy to spot bargains when you’re shopping for products to resell. Bargains might be all around you, but if you don’t know anything about what you’re selling, you won’t know how to spot bargains that are right in front of you.

You will find different ways to add personal value to your products. These low cost add-ons or unique twists to your products will drastically increase your sales and profits by making your items unique and desirable.

You will have little or no competition from other sellers, so you can corner your niche market.

By dealing with the same type of customer over a long period of time you will get to intimately understand the mindset of your target customer and what your customer wants. This will help you sell your products better and allow you to market your products in ways others haven’t thought of.

You will be knowledgeable and enthusiastic about what you sell, and you will be attentive to your customer’s desires. This results in satisfied customers, name recognition, and a lot of repeat business.

You’re going to find something you’re passionate about and specialize in it. If you love what you’re doing, you have a much greater chance of sticking to it and loving it. So it won’t even feel like work – it’ll be like you’re getting paid to play.

How do you find your niche?

So how do you find your niche? Mina recommends doing an inventory of your hobbies and interests to help you identify a niche you would enjoy working in.

Ask yourself:

What are you passionate about?

What do you collect?

What do you like to read about?

What do you do in your spare time?

So you have a favorite pastime?

What was your major in college?

What jobs have you had?

Are there any other fields in which you have a great amount of knowledge?

What clubs do you belong to?

Mina also recommends that you spend time on eBay studying the category listings. This may give you additional ideas for hobbies you can turn into an eBay business. Once you have defined your hobbies or interests, brainstorm how you can turn them into a business.

How can you turn your expertise into a product?

How can you add value to current products related to your
interest?

What product can you sell that may be one of a kind and have little or no competition?

Can you think of novel ideas that people who share your passion would love?

Is there anything related to your hobby that you can create yourself? An ebook or a how to, perhaps?

EzineArticles Expert Author Tim Knox

Small Business Q&A is written by veteran entrepreneur
and syndicated columnist, Tim Knox.
Tim’s latest books include “Small Business Success Secrets”
and “The 30 Day Blueprint For Success!”
Related Links:
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