Auction Power Guide

What is the cheapest way but yet the most profitable way to go on ebay? doing auctions or just running a store. I have bought some things off ebay and have my paypal account but have never checked out the costs to get setup or how much time it takes. I’d love to hear from sellers on ebay to tell me what they think.

The basic eBay store subscription costs $15.99 a month. One advantage of an eBay store is the insertion fees for store inventory range from $0.05 to $0.10 for a one month listing. You can list multiple quantities of the same item for a single insertion fee. When you compare that with $0.20 to $4.80 for a single standard auction listing, it is a bargain.

The insertion fees may be cheaper, but the final value fee (FVF) charged when an item is sold from an eBay store is significantly higher. The fee is almost double the final value fee of a standard auction. For example, the FVF for a $100 item selling in an eBay store is $7.75. For an auction, the FVF is $3.75. This difference in FVF needs to be factored in when deciding whether to list an item as a store listing or as an auction listing.

The main disadvantage of using an eBay store is the store inventory only appears in the main search results when there are 30 or fewer auctions and fixed-price listings found. This means if you are trying to sell a very popular item in an eBay store, it will not will not be included in the standard search results. This makes it very difficult for buyers to find store items.

An eBay store works best if you have multiple quantities of the same item. The best strategy is to list one unit as an auction and list the rest in the store. When buyers see the auction listing, they may check the other items that are listed for sale by the seller. This list will include items from the seller’s eBay store. Buyers may chose to buy the unit out of your store instead of waiting for the auction to end.

Good Luck,
Bill
Visit http://www.newlifeauctions.com for more eBay tips.

If there was such a league would you use miniature sized balls or the regular kind? I’m just asking so I know which to practice with. Also, is a five foot hoop to tall or should I get a shorter one?

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I’ve noticed that companies charge $10 and up just to put a name with a mega phone and pom-poms on a jacket front. I’d like to buy my own and embroider them myself. What type would be helpful. I don’t want to go over $800.
I only want to embroider names on the front of jackets at most 4 inches long, and logo’s that won’t be more than 4 x 4 inches.

You can do this with the Brother 350 sold at Walmart and it is less than $400.

You also need Ped Basic. More info below at Allbrands.

http://www.walmart.com/ip/Brother-Se350-Sewing-Embroidery-Machine/8033273

So there you have it. For around $500 you can have a combination sewing/embroidery machine and the software for downloading.

You can use the remaining budget to purchase thread and stabilizer and still have money left over – that’s always a good thing!

Eight years ago, I started with the first Brother embroidery machine that Walmart sold, but at that time the additional software (like Ped Basic) needed for accessing designs from the Internet sold for $200 – $300.

Later, I purchased a Babylock with a larger hoop and sold the Brother on Ebay for about 80% of my original expense.

The embroidery machine will come with a few tools for maintenance (cleaning), needles, bobbins, thread nets (keeps thread from feeding too fast from the spool – it may, or may not be needed) and a small pair of scissors.

If you use polyester thread for machine embroidery, it will withstand chlorine bleach. If there is no chance the item will come in contact with chlorine bleach you can use rayon.

Be sure to use machine embroidery bobbin thread – this comes in white and black. I use NEB prewound bobbins as they hold more thread.

You can find good prices on stabilizer at Allbrands or JoAnn Fabrics when they are on special. Start with a medium weight cut away and a medium weight tear away. You should also include a tricot iron-on to cover the back of the embroidery if the garment is going to be worn next to the skin.

Rayon and Polyester machine embroidery thread can be purchased online as well, but you may want to buy a few of the basic colors at a fabric shop – JoAnn Fabric has thread on sale from time to time at 40% off. Thread that comes in kits sometimes leave you will colors you may not use.

If you embroidery a design that has lots of black or other dark color – buy Madeira brand as Coats & Clark and Sulky tend to fray as the machine stitches. This is due to the dying process used by the manufacturer.

Embroidery Library has a great section that provides tips and techniques as well as sales on designs. This is worth downloading or a least flagging it as a favorite site.

Embroidery Designs is another site that has a variety of designs for cheer leading as well as access to other vendors of machine embroidery designs. Download freebies and use them for practice, if nothing else. The embroidery machine will have some designs and fonts built-in.

When you get your embroidery machine home – open the manual and lay it right next to the machine. Then read and follow each step of each feature of the machine – this is the easiest and quickest way to learn how to use the machine.

Be sure to use the right stabilizer (see embroidery library); practice on old shirts or fabric scraps and in no time you will be expert at this.

JoAnn does not have any specials on embroidery supplies right now, but you can sign up for notices – http://printable-coupons.blogspot.com/2005/12/jo-ann-coupons.html

http://www.allbrands.com/products/abp01060-0145.html – check your PC’s operating system for compatibility.

http://www.emblibrary.com/EL/elprojects/holder.aspx?page=techniques – be sure to check the charts for placement and stabilizer recommendations.

http://www.embroiderydesigns.com/DesignSearchResults.aspx?SearchText=cheer%20leading&ddsearchid=Stock%20Designs – downloads, check the vendors on the side bar for more possibilities.

Never leave the machine as it is running and if it sounds like it is jamming – stop and remove the hoop and check for thread snarls in the bobbin area (maintenance section will show you how to clean). This can happen with any machine and at any experience level. All sewing and embroidery machines with a drop-in bobbin need to be cleaned after a few stitch-outs.

Take some quiet time and have fun. This is a hobby that can shortly lead to a business.

I do my answers on a person-by-person basis and if I missed something pertinent to your situation, or if you have more questions, please feel free to e-mail me.

My grandfather wants to buy one of those books on real estate. The ones advertised on TV. Obviously, you’re not going to get rich doing this, as they advertise, but is there anything to it? Can you make any money buying foreclosed houses, fixing them up, and reselling them, or however it works?

Let me first answer you saying that I am one of the people that has purchased one of these courses off of the television. I bought the Carlton Sheets course and found the material fascinating.

At the time I bought it I owned a Janitorial business and I was not at all happy with it. The business although providing me a decent lifestyle was not ultimately very fulfilling. I was also interested in diversifying my financial portfolio so it was very intriguing to me.

It took about 6 to 8 months after going through the course thoroughly to find the right first deal and I walked away from the escrow table with over $40k in cash. Since then I have been involved in over a hundred transactions, I have lost money on a few deals but by and large it has been a very profitable business. I still to this day do real estate investing. I bought and closed on a property @ 639 W 24th Street in Ogden, UT (I believe you can do an internet search on that address and find some documentation I have published on my progress) I bought this property for $42k it is worth $90k fixed up and I took home a check for $7500.00 from escrow so this for me is better than no money down I got paid to buy it. My intent is to fix it up ($14k to repair it) With agent listing fees etc… I stand to make $15k to $20k profit.

The reason I mentioned that deal is I wanted to sincerely tell you that you can do what they talk about in those late night infomercials. The deal I just talked about I have done multiple times and in fact I have 2 more similar set to close in the next few weeks.

What is misleading about those commercials is that it is so easy. Real Estate Investing just like anything else is hard work, you have lots of phone conversations, meet and greets, relationship building and lots and lots of research. It is a business that is not get rich quick but rather a slow and steady system for wealth creation.

If you buy the Carlton Sheets course realize that it is written by a gentlemen who has been out of the game for quite a while. The information is generic but it will get you the ideas of the basics. Even though real estate investing seems like a pretty specific term it isn’t. There are many types and strategies for doing it and each have their ups and downs. Buying and holding rentals, Fixing up and flipping them for profit, Short sales, lease options, seller financing, and brokering notes are just a few aspects of this business. That is why his course is so good because it covers so many of these aspects and gets you a really good overview of the real estate investing world.

Once you read through those courses you will begin to get a good idea of what specific type of deals you are looking to do. Even though I got started with the Carlton Sheets course I have expanded my knowledge considerably into other areas specifically relating to what kind of deal I like to do.

For instance my primary specialty is to buy foreclosed (REO) properties, remodeling them and reselling for profit (Otherwise Known as flipping). I am still aware and have tried being a landlord, and doing lease options but my most comfortable feel in the market is flipping.

Buying and reading these courses will give you a good overview of what you want to do and from their you can gain specific knowledge. I recommend before you buy off TV look on eBay for the same thing. Sometimes you can pick up a used real estate course for $50 and the information is still the same.

Once you decide what kind of investing you want to do you can begin to seek after specific knowledge. this would be best obtained in the field. I would join a real estate investor club and start attending their meetings. See what happens at these meeting and meet the other investors. Some of these investors will be open to an apprentice type relationship. I have taught many people this business from this very angle. I usually give them a small slice of pie to learn from me and then we do several deals together until they are ready to do some on their own.

In short though I will tell you to read, read, read, their are tons of books written on the subject and lots of materials to go over. Their are also tons of free resources so don"t feel the need to spend a lot of money.

Try the free resources first then look to spend some money when you are sure of the direction you wish to go.

Next go out and do a deal. Don’t get locked in analysis paralysis. Once you have enough knowledge to feel comfortable just do it. Find a mentor in the real estate investing club to help you out or give his advice. Some wont be willing to but some will. I am always willing to help out anyone in my market that has a real estate investing question.

About how much does a ps2 cost to ship on ebay with 2 controllers?Don’t say it depands on the size you know how a ps2 looks like.Just give me a guess,it doesn’t have to be accurate.

But it depends on the size of the PACKAGE, not the size of the item inside. You’re the only one who knows how big of a box you’re going to use to send it and how much packing material you’re going to wrap around it. And the Post Office charges by WEIGHT as well as by size.

If you want just an estimate, check out any of the many PS2s that are already being offered for sale and see how much they’re charging for shipping.

Remember, whatever you put down for your shipping cost is what you must stick to, so don’t lowball it.

How can I make my money work for me, to make more money?

Hi Lex,

You can make money from your writings in several ways. You can sell you writings in the form of an e book or report on Ebay. You can sell it in the form of a newsletter on your web page and ask people to subscribe for a small fee.

Another alternative method is to write your article for free but attach a link to it for some product which the article is promoting. There are lots of products on the web which you can sell for other people and earn a good commission. Sometimes up to 70% commission. Examples of such websites are Commission Junction, and Click Bank. You can submit this article with the link to hundreds of Article Directory websites for free.

The advantage of this is that you will have loads of links on the internet promoting your product. This in turn will lead to sales and profits!.Please don’t blatantly promote the product in your article and don’t include links to it in the body of the article. Most Article Directories will decline such articles.

I just wanted to start selling on ebay and I’m not sure how much to charge someone when selling an item.

i usually just guess but you can use this http://www.interparcel.com/quote/courier-quote1.php and it gives you the rough price.

I sold a phone on ebay and clearly stated no international shipping on my auction. I sold the phone and just received the payment through paypal and found out the person that won my auction is located in the Ukraine. Is there a way I can cancel the auction and relist it for free since ebay let this guy bid on my phone even though I said I wouldnt ship it overseas?

Did you actually specify in the P&P section of your auction which parts of the world you would post to and which you wouldn’t?

Even if you type "no international shipping" in the text of the auction if you offered shipping to Europe or "worldwide" shipping in the postage section then he was entitled to bid. He may not have good English and may not have understood the words you typed in the auction but by seeing a postage rate for his country he assumed he could bid and quite rightly so.

The only way of excluding overseas bidders is specify domestic postage rate only in the P&P section. You can also limit who is allowed to bid on your auctions, ie automatically block bidders from countries to which you don’t ship, new Ebayers with feedback of <5 etc.

He has paid so post him the phone, what have you got to lose? I can’t see what the problem is really?

If you don’t want to ship internationally another time then simply do not offer international postage you can specify "no international postage" quite easily. You must have filled the boxes in for the postage cost to Europe otherwise he would have had to have contacted you to find out how much postage to pay? How did he know how much to pay?

I bought a Xbox 360 arcade and want one more controller. Also need 2 rechargeable batteries with one USB charger.
Need some tips and advice on buying these stuff.

Make sure the seller has 100% positive feedback. Check out the comments that other buyers and sellers have left for them and what they’ve left for others too. Some people don’t leave feedback even after you’ve left it for them. It’s happened to me several times. Also, go with a controller that says it’s in the package still and actually shows a real picture of the item for sale instead of one of the stock photos. Try looking for the controllers that come with a Play and Charge kit with them. The white ones like that are harder to find on there, but you’ll see some of the black and red ones. Ask any questions you may have and check out which auctions others are bidding on. Go with one with either free shipping or a reasonable amount. Controllers cost around $6 to ship; a bit more if they’re sending it Priority. I always set mine with free shipping and send them Priority. Make sure you have a Paypal account so you’re covered if anything bad happens.

I was looking into selling my own printed clothing online, I know that ebay is a good idea (opening a shop for my own designs)- how sucessful will this endevour be or should I just stick with shop sales and cut out the hastle?
In other words do many people shop online really?

Oh yes, more and more people are buying online.

Here’s the Bureau of Census statistics on ecommerce http://www.census.gov/econ/estats/2009/2009reportfinal.pdf — in 2009, ecommerce accounted for $145 billion in sales

One way is to use eBay as a test market whether your products will sell. Also do etsy.com if your item qualifies. This way you can see:

– whether there’s a demand for your products
– what kind of sales copy or product description you need to write (note the kind of questions ebay users ask you)
– use ebay to practice taking good pictures of your products, in multiple angles

Once you see there seems to be a demand you can then open your own website. But it should not be an either/or situation — even if you have a website, explore as many opportunities to sell your products. Sell it on ebay, Amazon, etsy, shop sales, etc — the more venues you sell, the better