Archive for the ‘Auctions’ Category

How to Promote Your Business Through Salehoo

July 23rd 2009

One of the most important factors that can influence and affect a business is promotion. No matter how much capital goes into a business or the popularity of the field, unless proper promotion can be done, the business cannot prosper and as such it is very important to guide our business in the right direction using the right promotional schemes.

Many people use different promotional and marketing strategies like placing advertisements in magazines or news papers, attending trade shows or joining popular online websites. Of the three, the last option is the most reliable as internet is the most widely accessed communication medium today and millions of people use it for their reference and as such it makes perfect sense to promote our business through this medium.

Websites like Salehoo offer a comprehensive listing of wholesale sellers, retailers, liquidators and wholesale seller and is visited and are joined by thousands of people every day in search of the products they want and as such joining this website is an excellent way of promoting our business. Whenever a customer searches for a particular item, he will be directed to an online directory where all the wholesale sellers and drop shipper’s dealing in that product are displayed along with the rates they offer, contact details and a link to their personal website. Thus, any customer can find us in the search and can contact us easily.

We can also promote our business by participating in the several discussions held on the forums on the website. Here, we can interact with other members of the Salehoo community and customers and learn more about their opinions and concerns and express our views and in this way build up our contacts and expand our customer base. We can also offer discounts and special offers during holiday season or at times for a few special customers as this can help us attain popularity. Thus, with so many ways available on Salehoo to promote our business we should try and utilize all of them and make sure that our business is promoted very well.

Find out more about where you can get access to 5,347 Pre-Screened Legitimate Wholesale Suppliers of High Quality Products that Have Decent Profit Margins! Over 50,000 other online sellers, retailers and bargain hunters have discovered the best place to find legitimate, pre-screened wholesalers, dropshippers, liquidators and manufacturers for every type of product imaginable.

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What You Ought to Know About Drop Shipping

July 23rd 2009

Many people think about of getting into the latest trend in generating money with the use of Internet or business through Internet, but they don’t know what the best way for them to achieve it. In this case, drop shipping will be the best solution for them. Drop shipping is a system where you can triple your income by simply promoting and selling the products through Internet.

Today’s industry have noticed the desire of people wanting to have a business through Internet, thus they settle on to take drop shipping as a great advantage for their business by allowing potential customers to market a product online even without putting primary order maintaining an inventory. People who work with drop shipper will promote the particular product through online auctions. It is quite simple, but if you’re not knowledgeable about drop shipping it will be hard for you to handle this kind of business. To fully understand it, the list will provide you with the facts you must know about drop shipping:

• Locate and set up an affiliation with a realistic company of drop shipping
• Explore and hit upon the items you desire to sell based on the accessibility, demand, price as well as the competition.
• Endorse the items on the Internet.
• Once the product is ordered, present it to the drop ship company and they will be the one who will put it into package and ship it to the address of your customer.

The advantages that you will get from using drop shipping method are totally great. First, there’s no need for you to maintain an inventory that will surely mess in your house. Another benefit is that there is no need for you to have a storeroom for your items. This could totally mean so much for your profit. However, with the advantages that you can get from drop shipping, it has some drawbacks as well which is by locating the accurate products to put on sale as well as knowing the reputable drop ship company to work with. Also, there will be a drop ship fee that is typically charged on each goods. This charge will be for the packaging and shipping of every item. Most drop ship company also has a flat fee for transporting goods basing on volume and proportions.

In today’s business world the competitions is really tough, so you probably need to spend enough time to find the right items to be sold and consider its price for you to easily promote your products. Not only that, you must also deal with the real drop shipper for you to do well in your business. For an advice, it is better for you think first if drop shipping method will work best for you or will really help you generate more income.

In order to make money in business online, one of the core factors determining this would be the strength of your supply chain.

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DubLi Zero Auction Strategy

July 23rd 2009

The online auction industry has many different forms of auction available for you to participate in. In this article we will discuss some basic strategies for DubLi’s Zero reverse auction. In addition we will explain what a Zero reverse auction is, and how the auction concludes.

The first topic to discuss is how the auction works, and then we will get into the strategy to help you make an informed decision. The Zero auction is a simple concept to grasp. What you have is a seller who is DubLi, and buyers from all over the Internet who compete in the auction. The auction will start off where several items are posted revealing the starting price, and a description about the item. Similar to a traditional auction buyers compete to purchase the item that is up for auction, however rather than the buyers competing to drive the price up to identify a winning bidder; in the Zero reverse auction the buyers will bid down the price until the price goes to zero to reveal a winning bidder.

Once a bidder finds an item they are interested in, the way you reveal the current trading price is to spend a DubLi credit which cost eighty cents. After you click the show price button the price of the item will drop by twenty five cents, and the new price will be displayed. So what you have are bidders competing to bid the price down in increments of twenty five cents until the price drops to zero. It is at this time the auction will end, and the winning bidder is awarded.

A quick recap: The winning bidder who reveals the final price dropping the last twenty five cents to zero will be awarded the winner.

Lets discuss strategy - as with any auction having a game plan, and a price you are willing to pay will go a long way towards your success. Collecting some basic information before you start the bidding process is easy, and should be part of your game plan. Here is a strategy that might be of use to you.

  • Know the starting price, and the description of the item you are interested in.
  • Take a moment, and look at the completed auction section - as all completed auctions are listed on the web site. Look to see if the item was in a previous auction, and make of note of the starting time, and ending time as a guide to go by.
  • Pay attention to the start time of the auction before you place your bid, and make a note of the time you place your bid.
  • As stated previously know what you are willing to pay for the item before you start. I recommend a range between 10 to 20% of the retail starting price in DubLi credits. Knowing this will give you an indication as to how many bids you will be able to place, and when to place those bids.
  • Once you have used a credit to reveal the current trading price, make notes as to what the current price is, and how long the auction has been running. This will give you an indication as to when to place your next bid.
  • Once you have revealed the price, and the price is with in your targeted price range to spend in Dubli credits then you simply bid continuously until you drop the price of the item to zero.

The strategy discussed is just one of many that bidders use to participate in the Zero auction from DubLi. It should be noted you are bidding at your own risk as there are no guarantees that this strategy will always deliver. The strategy discussed is simply a suggestion, or a guide for your information.

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Features of Salehoo

July 23rd 2009

The world of wholesale and drop shipping business has really opened up. Many people are entering this field everyday and benefiting a lot from the business. The process of searching for a wholesale seller or drop shipper has been made very easy by websites like Salehoo which offer a detailed listing of all the wholesale sellers and drop shippers.

The unique and innovative features that Salehoo offers are the reason behind its popularity. To start with, we can browse all the wholesale sellers and drop shippers available to engage in business deals online at one website, without having to take the trouble of advertising for them or attending any other trade shows.

The prices offered by them are also clearly displayed along with the sellers profile details which makes it much easier for us to sort them and compare all the prices offered by different wholesale sellers and drop shippers before coming to a conclusion.

The wholesale sellers and drop shippers also have to clear a screening test before being accepted into Salehoo and as such we can be assured about the quality of products being delivered to us and also Salehoo offers an innovative feature using which we can read about the feedback of a person. The wholesale seller’s or drop shipper’s previous customers usually leave a feedback which highlights about the quality of services offered by the buyer and rates him on a personal and professional level. Thus, a person who is new to the business and also people who want to know more about a particular seller can easily find information regarding all aspects concerning the seller using this feature.

Nowadays, a lot of people posing as suppliers ,take orders from people only to cheat them later. For a person new to this field, it is not an easy task to indentify such people and as such Salehoo offers several tips and articles which can help us easily identify such scam suppliers and take part in only legitimate deals. Thus, all these features of Salehoo contribute in making it a really popular and reputed website.

Find out more about where you can get access to 5,347 Pre-Screened Legitimate Wholesale Dropshippers of High Quality Products that Have Decent Profit Margins! Over 50,000 other online sellers, retailers and bargain hunters have discovered the best place to find legitimate, pre-screened wholesalers, dropshippers, liquidators and manufacturers for every type of product imaginable.

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Drop Shipping - A Product Delivery Method

May 27th 2009

Drop shipping is a supply chain management technique. The goods are not kept in stock by the retailer. However, the retailer transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer. Basically, in the drop shipping arrangement, the middleman between the manufacturer and the customer is the retailer. The profit of the middleman (retailer) in the transaction guided by drop shipping agreement is the difference between the wholesale and retail price of the products sold.

The arrangement of drop shipping is particularly beneficial to smaller retail shops, internet-only storefronts and shops using catalogs for sales. This is so because customers of these outlets don’t mind a slight delay between ordering and actual delivery of the product. The following is an example of how the arrangement works: A representative product may be displayed on the store’s shelves or pictured in its catalog. However, the actual product purchased may not be present in the store. It can be in the factory’s warehouse situated hundred miles away. An excellent example of the same is offered by the online auction sites like eBay.

As any other arrangement, drop shipping comes with benefits and costs. The benefits are no upfront inventory to purchase, a positive cash flow cycle, reduction in total inventory management and shipping costs. The costs of this supply chain management technique are the back ordering possibilities. Back ordering occurs when a seller places a shipment request with a wholesaler, but the product is sold out. The latest emerging trend in the drop ship business is private label drop shipping. The manufacturer produces a customized item for a retailer and drop ships it. The range of private label drop shipped items varies from key chains and t-shirts with custom logos to personalized pictures.

Sturat enjoys writing and sharing articles on topics like dropshipping and dropshipping directory.

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Selling Books Online Using Dropshipping

May 27th 2009

If you are thinking of starting your own home-based online store, you will find a good profit potential in selling books online through the use of dropshipping. Dropshipping is the business of selling various items over the Internet for wholesale distributors who provide them. You will be responsible for marketing, advertising, and selling, and once a customer places an order, the wholesale distributor will then package the item and ship it to the customer.

There are a lot of savvy entrepreneurs who are making a killing selling books online through this method. Their profit is derived from the difference between the wholesale rate given by their dropshipping suppliers, and the retail price they sell each item to customers. Some successful people have made dropshipping bookstores their main source of income with huge success.

Through dropship wholesale distributors, online store owners can sell many different book and magazine titles, whether on their own websites, or through eBay and Amazon Stores. You won’t need to worry about taking regular inventory, or having to pre-purchase the books and magazines beforehand. Your wholesale dropshipping supplier will take care of all these things for you. In return, you are responsible for helping them move their merchandise in exchange for wholesale rates on your end.

Selling books online will require a dynamic website presence to capture the interest of potential customers. Good quality digital images is also a good idea to establish a good communication link with your customers to earn positive feedback, and repeat sales.

To become a successful dropship retailer, you will need to source out a legitimate and reliable dropshipping supplier with no records of complaints about their service. Make sure they are able to supply tracking numbers for the items, as well as a specified period of time allowed for shipping. This information will be useful for informing your customers when they should expect the item they ordered to arrive.

Your dropshipping supplier should be easy to get in touch with if there is a problem with any item or if a delay in shipping occurs. It will be a good idea not to rely on one supplier alone, but have several dropshippers you can count on for back-up. To ascertain the reliability of a supplier, make sure to test-purchase a few books before you commence to do business with them. A good dropshipping supplier will provide you with a good wholesale price, giving you enough margin to make a profit selling books online for their retail price.

If you have an auction store in eBay, make sure you are able to set up an arrangement where you can select a number of titles from your supplier to offer up for auction. As soon as a book is sold and you have collected the money from your customer, send the order to the dropshipping supplier who will charge you the wholesale rate for a single item, and immediately ship it to your customer in good condition. Not only will you make a good profit, you’ll get positive feedback from your customer, as well.

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Selling Books - Dropshipping

May 27th 2009

Of the many methods of earning money on the Internet, one of the most popular and widely-used is dropshipping. This method is very similar to another money-making option, affiliate marketing. You create a website where you will market and sell items that are distributed by a supplier.

Dropshipping involves a new technique of retail selling where the seller doesn’t need to have actual possession of the merchandize. As a retailer, you will maintain an online store to market items provided for by a supplier or wholesaler. Once you receive an order or close a sale, your relay the message to the supplier who will then ship the goods directly to the customer. Your profit margin will depend on the wholesale price the supplier or drop shipper charges you, and the retail price you charge your customers for the same item.

Books are one of the fastest-selling items on the Internet, and selling books via dropshipping is a good way to make a tidy profit on the Internet. You can request for a list of different books from your wholesale supplier or drop shipper based on your niche or target market. While these catalogues aren’t free, they are relatively inexpensive compared to having to buy actual books to display in your store. Selling books via digital images and descriptions only lowers capital costs and increases your profit margin.

Once you put up your online bookstore and start selling items, none of your customers will know that the books you sell are shipped by the wholesale drop shipper. All you need to do is pay a monthly fee to gain access to the available books, which you will then advertise as you see fit, either through banner ads, blog posts, or other methods, such as through eBay or Amazon Stores.

The amount charged as monthly fee will depend on your distributor, so it will be a great advantage for you to find suppliers who will charge fees based on wholesale rates. Most wholesalers can supply you with thousands of titles depending on your target market, and all you need to do is make your selection from these catalogues, saving you time and money in product development and merchandize acquisition.

As soon as a customer places an order, you collect the money through an online payment processor and send the order to your wholesale drop shipper who will then send the book directly to the customer that ordered it. As a drop shipping retailer, you will not have to worry about inventory, shipping, product returns, or even timely arrival of the item.

While dropshipping is an ideal business to make money online by selling books, there are risks you will be facing, as well. In some instances, you won’t be able to offer the latest best-selling books until a certain period of time has elapsed. This can cost you customers. Some wholesale distributors can also charge a very high monthly fee which may eat up into your profit margin.

This is why it is crucial to research on various wholesale distributors and chose the ones that are legitimate and reliable. Reviewing their book lists will also help you determine if they can supply you with the right books for your target market.

Want to learn how to start your own book selling business? We can show you everything you need to do to start your own bookstore at http://www.qualitybooks.com/dropshippers.htm - Go there today to get started!

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Book Business - How to Make Money Dropshipping Books

May 27th 2009

Are you interested in starting your own home-based business? There are a great number of opportunities on the Internet that you can look into. If you are the kind of person who loves books and have always dreamed of opening a bookstore, you can actually start a book business online through dropshipping.
Dropshipping is an entrepreneurial phenomenon that has brought online money-making to a whole new dimension. Initially gaining popularity with eBay auctions, this kind of business lowers the risks considerably, increases the potential to make a good profit, and is more enjoyable and fulfilling, besides. Marketing and selling books online is made easy without your having to worry about renting office space or clearing a portion of your home to make room for merchandise. All you need to do is maintain a virtual book store, take down customer orders, and have your suppliers deliver these books to your customers.

Dropshipping is a relatively simple business. You needn’t spend countless hours doing regular inventory. Your suppliers will do it for you. You get charged a wholesale rate on the merchandize, usually 20% to 50% off, and you sell these items to your customers at the retail value. This way, you are able to make a profit on your book business. You market the books, and your supplier delivers orders to your customers. You don’t even have to spend on shipping fees.

You will need to do some research to source out the best suppliers who will charge you reasonable rates. There are sources on the Internet that provide dropshipping entrepreneurs with a directory of wholesalers or drop shippers. They will provide you with an inventory which you can resell at Amazon Stores, on eBay, or through your own online bookstore. Looking for legitimate drop shippers may take some time, and you may get discouraged at times. However, once you have a list of reliable wholesale suppliers, you’re all set for business. Strive for a win-win deal: you market their books and move their merchandise faster, in return they only charge you the wholesale price of an item as soon as you’ve made a sale.

These wholesale dropshipping suppliers will provide you with a list of books to choose from. Once you have made a selection for your book business, simply copy a code from their site to paste on your online store, and you’re ready to market and sell books. Your suppliers will do all the work of inventory and product sourcing, and once you make a sale, they will drop ship the item to your customer.

To be successful at making money through dropshipping books, remember to upload good photos of your merchandize on your store’s website. Provide your customers with apt and interesting descriptions as well as a short review of each product. Establishing a strong presence for your online drop shipping book store will help you bring in more potential customers, get positive feedback from all your buyers, and earn a respectable income from your online bookstore.

Want to learn how to start your own book selling business? We can show you everything you need to do to start your own bookstore at http://www.qualitybooks.com/dropshippers.htm - Go there today to get started!

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How to Make Money With Online Auctions

May 27th 2009

Do you currently have a business selling products to others? If you do, you can make even more money by listing your products on some of the auctions on the Internet. Whether you sell your products through a physical store or you have a website where your customers order from, you will find you will be able to increase your earnings when you put them up for bid. The following is some information on how you can make money with online auctions.

Place a Minimum
The mistake that many people make when they first start listing items is they forget to put a minimum set amount they will accept for the product. If you do not place a minimum amount, you may find yourself selling a product worth $20 for only pennies.

Sell Groupings
As a business owner, you understand that the customer wants to feel like they are getting a deal. It is no different with online auctions. If you group some products together, you will find they may receive more bids. For example, if you are selling a children’s book, you could group this with a stuffed animal and snuggly blanket. You may find that you can make money on groupings quicker than if you sell the products separately.

Shipping Price
If you look at some of the online auctions, you will see a couple of different things when it comes to the shipping price-either the price is too high or the price is too low. Many people often refuse to bid on a product that has an outrageous shipping price. Set a fair shipping price and you’ll find the bids come quicker.

Set Buy Now Price
If you have a large inventory and have several of the same product, you can list them at set price. In other words, you can simply list them for sale and people will not have to bid on them. Many people often make money with internet auctions in this manner when they have a large inventory.

These are just a few of the things you can do when it comes to making money by listing your products with an online auction. If you choose this as a method to making money, you will definitely want to learn as much as you can about the online auction you choose.

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Tips For a Successful eBay Auction

May 27th 2009

What am I doing wrong and why aren’t my listings getting any bids or getting sold?  I have been asked this question time and again and it never ceases to amaze me that the smallest little things on eBay can make all the difference.  The first thing that I am going to tell you that I have noticed made a lot of difference to the people that I have spoken to is when you are writing a listing, pretend you are looking at an auction for the same item.  If you can imagine what you would want to see in a good auction then it makes it so much easier to write a successful listing.

There are plenty of little things that I could go through and tell you but I am going to focus on the ones that I see most often.

1. The Picture

The Picture is more often then not, the first thing people look at.  For example, I was recently looking for a used cell phone for my brother on eBay and came across a few listings that I liked for the specific phone that I was looking for.  I opened up most of these listings for the used phones and saw either one or two dark and unclear photos or I saw a ”stock” photo from the manufacturer.  Now when you think about it, If I am buying a used phone, why would I buy one that I cant see?  My brother doesn’t want one that is totally beat up and nasty so I will be honest and say that I passed right over them before even reading the description.  I know when I am looking at a listing that the first thing I go to is the picture.  If you are really getting into selling on eBay and would like to start making some good money, the first thing I would suggest is to invest in a nice digital camera that can take clear, vibrant photos, this will make a big difference for you and your auction success.

2. Payment Options

This one is simple. I see alot of people on ebay using only Paypal.  While there is absolutely nothing wrong with Paypal, I actually prefer it., but as a seller you will attract many more prospective buyers if you offer other payment methods such as check, money order, credit card, ETC.

3. Customer Service

If you plan on staying in the eBay game for awhile you will benefit greatly from great customer service.  I can not stress enough at how much being business-like and professional is a must.  Work this eBay business like any other and treat your customers like you would like to be treated!  Dont be afraid to give a refund here and there.  Return policies are one of the best ways to make someone feel at ease with a transaction.  More people will buy and turn into repeat customers if they feel at ease with you and if they know they can trust you and someone will return something eventually but it is not going to kill you. Selling 5 things and getting one returned is better than selling 1 and not having a return policy.  Feedback is also a thing often overlooked on eBay.  Remember to always give positive feedback!  Having positive feedback is another great way to make your customers feel at ease.

4. Shipping

There is alot to be said about shipping with eBay.  I’ve noticed that not alot of people take advantage of the free shipping option.  I was looking a video game recently for about 5 dollars less than brand new so I know the person had most likely just bought it and was selling it because they didnt like it or needed the cash but either way, its doubtful that they were making a profit.  I got to skimming the listing and noticed the shipping was 8 dollars!  You will see this from time to time and in my mind, I dont know anyone who would fall for that scam and its also a good way to not sell your item!  Now I am not saying that charging for shipping and with certain items even a handling charge is a bad thing, but be fair!  Dont be the person that is out there trying to make a profit off of shipping.  It is better to be honest and fair with shipping, you will get much further in the game if you are.  Offer multiple shipping options and use multiple carriers.  I use fed-ex, UPS and the USPS, this gives your buyers options and believe it or not may help you get that sale.

So there are a few tips that you can use to enhance your auctions on eBay.  There are many other tips for the eBay seller that I will continue to write about in the future.  Try these suggestions if you are not already and I bet you will see an improvement on the number of views, bids and sales.  Good luck out there fellow eBayers!

My name is Martin Scheuer Jr. and I maintain a blog to help eBay sellers gather the information and knowledge that they need to succeed online with eBay. I offer marketing tips, wholesale and dropship information and other assorted tips and tricks along the way to help out the aspiring and seasoned eBay seller.

Marty’s blog can be found at http://www.ebaynotworkingforyou.blogspot.com

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