The Makings Of A Succesful Selling Proposition

The secret of a successful online marketing or online transaction lies on a good reasonable price.

The reason why most business owners do not succeed in promoting their product is either they put the price too high or made such a very low bargain.

In order to succeed and make the most of what online shopping, like eBay, can do to online shoppers, the secret lies beneath a sound price mark. Hence, it’s a must for every eBay seller to know how to quote his or her prices well. Here are some ways to make that money-raking quote:

1. To start a good bid, sellers must aim for a ten-day listing with one cent per bid increments, with no stored auction. Then, they should calculate how much their starting price would be considering the ten-day/one cent increments. This means that after the ten-day period, the sale must arrive at the desired price of the seller.

This is a good way to start the bid because buyers will be enticed to take part due to a low-starting price.

2. Sellers should consider the target market for the product such as its purchasing power; and the nature of the product being sold.

3. It’s also best for sellers to start with the actual selling price of the product instantly, but still on a ten-day listing. The difference is that, the seller should opt for the “buy it now” price that is to some extent a little higher than the actual selling price.

The “buy it now” strategy will put some stress on the buyer considering the small difference between the two selling price. The buyer might even think that he may even lose the game if immediate actions will not be deployed.

4. The seller should also consider the quotations of other businesses that sell the same item. Sellers should take note that when somebody else sells the same product, it’s the price that counts most. So, it’s best for sellers, who want fast results, to quote prices slightly lower than the other item with the same description. Though, the seller must take note that quoting prices should be reasonable enough to compel buyers to action – that is, to buy the product.

Indeed, quoting prices for a certain product can be very tedious. The bottom line is: sellers should aim not for gaining profit alone but also target for a “live by the moment” attitude of the buyer.

The Pitfalls Of Selling On E-bay

The concept of online selling and bidding really went revolution because of E-Bay. Through E-Bay, both sellers and buyers could make the most out of their deals. Despite of the revolutionary way of E-Bay, there are still some pitfalls when using it as a way for profitable business.

These pitfalls are divided into different categories. One of the most common downfalls of E-Bay is the market differences. Though the world seems smaller now because of revolutionary technologies, it is however divided.

This division could be shown in the different market interest of countries. These differences could be attributed to culture, language, religion, beliefs, customs, and even distance. Some products which are popular in the European area might not be a hit to other parts of Asia. Instead of reaching a worldwide market, the products only reach the interested market.

The next pitfall would be the work needed in order to process the materials coming from other countries. This involves the taxes as well as the shipping costs. Some countries have absurd international rules meaning that if you bought something online from Switzerland and you live in Singapore, the shipping rate as well as the taxes charged could worth more than the item itself. This is one of the worries of potential customers because they do not like the high rates included when ordering directly from E-Bay. Despite the original intent of convenience of E-Bay, many people are not willing to risks their credit cards in charging that kind of amount.

Aside from money issues, there are also government regulations that should be considered when ordering in E-Bay. Sometimes, there are government regulations which states that certain products are prohibited in the country. Be sure to be familiar with the legal things of purchasing something from other countries because you might never know, you could be a candidate for jail without you even knowing that it is illegal.

Other than that, there is still an age old problem which could be considered as a pitfall in E-Bay. It is called communication. There is still the existence of the communication barrier. In the world of internet, miscommunication is a common thing and this could happen when holding transactions in the internet. The common language in the internet is English and if ever you do not have the capacity to express and comprehend English, it would eliminate the chance of expanding your market.

How To Tips On Buying On Ebay

Buying things on eBay can be a great alternative for out-door shopping. Shopping on eBay gives the buyers a convenient way of looking for the right stuffs or things that they need. However, it is a must for every eBay shopper to take note of these important reminders before buying on eBay so as to avoid scams and fraudulent activities.

Here are some tips for the buyers:

1. It is important to know the item first.

The eBay management strongly suggests that a buyer should first read and understand carefully the item listing before proceeding to bidding. He or she must grasp the seller’s shipping requirements and the fees that are attached to it.

2. Buyer should be aware of the return and refund policy of eBay.

Buyers should know this first before bidding so that there wouldn’t be any problems when wishing to do a refund.

3. The buyer should check first the seller’s feedbacks before bidding.

Checking on the seller’s feedbacks will give the buyer an impression if the transaction is trustworthy or not.

4. The buyer should choose a secured payment method.

The only secured way to get through a transaction on eBay is to make sure that the mode of payment required by the seller is protected. This should be clear on the buyer so as to avoid imminent danger of fraud or scam.

5. The buyer should use the “ask a seller questions” section.

It doesn’t hurt to ask. It is best for a buyer to use this section first before bidding on an item. After all, it really pays a buyer to ask and clarify things first before proceeding to the bidding activity.

6. The buyer should know, by all means, the seller’s contact details before sending the payment. This is one way of protecting one’s money.

7. The buyer should take extra precautions on most of the international item listings because this is where most fraudulent activities happen.

8. The buyer should avoid any transaction that involves wire transfers as mode of payment. The eBay management does not approve it and will offer no protection in the event it is a fraud.

9. The buyer should make a documentation of all the transactions and the items purchased on eBay. This will be very handy in case there is a discrepancy in the future.

10. The buyer should be aware and get rid of spontaneous offers and counterfeit escrow services. The eBay management only allows protection for transactions made with eBay-approved escrow services.