Posts Tagged ‘Business World’

Profit, Stay Away! Give Me Tips to Stop Making Any!

February 15th, 2012 No comments

In the business world, there are so many products that can complement your product, if you look for them. You don’t want to do that because by finding a strategic business partner, you will increase your sales ratio. You don’t want profits; aligning with someone will increase the chance of their customers spilling over to your products, resulting in too many sales.

Perhaps one day a partner will come knocking at your door; you should look for ones that don’t have the same objective as you. An example of this is when you sell computer parts and the other partner sells perfume. This method is a sure win-win solution to decreasing profits. Normally when you form a partnership with a business owner, you will trade leads, share marketing information and sell package deals that benefit both sides. However, you don’t want any profit, so you want to make sure any deal resulting from the partnership will fail to incite customers’ interest.

Whatever you do, don’t brand your name and business. One of the best ways to gather traffic to your site is by writing articles and submitting them to e-zines or web sites for republishing. You don’t want to do this because it is free advertising that too many people will see. Once people start to recognize that you are indeed knowledgeable about your product, they will flock to your website for more information. Never do this as it will increase your sales too much. And god forbids, once people see your article and love it so much, they will post it on their own sites. Imagine the horror of the link to your site on dozens of websites without you even doing anything other than submitting an article. What an awful mess; you might actually make some profits. Noooooooooo!

Did you know eBay regularly pulls in millions of customers a day? Imagine the traffic if you decide to go and list (post) your product on eBay. Stop right there: you do not want to do this. It is a good thing I warned you ahead of time because otherwise you will might make a mistake and market on the eBay market.

Another option I have seen is people starting auctions on their websites. The types of auction they start are usually related to the theme of their site.

Don’t go and start any auction on your site, you might draw traffic from auctioneers and bidders. Remember, I gave you a warning. If you didn’t listen to me and did exactly what I told you not to do, you will generate sales.

Everybody talks about time management. Who cares! We don’t want to make any profits! Spend all your time playing games and procrastinating. Remember to not take a little time out of your day or week to brainstorm. New ideas are usually the difference between success and failure. You don’t want any profits, so don’t spend any time on your business.

There are so many people who are successful. Isn’t it disgusting? Who would want to make all that money? However, we can use it to our benefit. Make sure you model the exact opposite of other successful businesses or people. What you can do in this case is to note some of the habits that have made them successful and do the exact opposite of what they do. You see, successful people can be useful in some way.

This has been proven over and over again. There is no use denying it: hype words work brilliantly in converting sales. In advertisement, using emotional words of love, security, relief, freedom, happiness, satisfaction, fun, shock, extraordinaire and so on, have the ability to make your customers act with their hearts rather then their mind. Unfortunately for you, the majority of people buy with their hearts rather than their mind and sales people play up to it. Well guess what, you don’t have to put up with this. Why is that? It’s because you are not looking for sales.

Trust me, if you do everything I have written, you have my guarantee that you won’t make any profits. Good luck, because we all hate profits here!!

Katie Fong

Ebay Tips For Beginners

February 4th, 2012 3 comments

Making money isn’t an easy thing to do these days. Many people want to turn their unused items into extra money, and eBay fills that need. Selling on Ebay does require some effort but is no means that hard. Keep reading to learn the basic steps you need to start your own eBay business.

These tips are for the beginners who would like to earn some money on eBay. The nessary components to have your own online store are really not that demanding. All you need to start is a computer, Internet access, a digital camera, and of course, products to sell.

You can sell used or like new items you find at garage sales, in your garage and so on. You can sell new items that you find at discount prices from liquidators, dollar stores, store closings and clearance sales. You may be even luckier if you can find a supplier who will make you a deal.

Skills for the Online Business World

Skills for Marketing
You can develop marketing skills as you educate yourself on how to sell various items on eBay. Reading some marketing books and articles to help yourself learn how to sell things is a good idea, but you can also learn from observing other successful entrepreneurs online. Take time to read and plan out your strategy. You will thank yourself later for taking this effort now.

Getting Organized
You need to maintain good records of your sales, and not just for tax purposes. You need to be able to keep track of which buyers have paid, which have received their items, and so on. Setting up a spreadsheet with all the pertinent information should help keep your business under control. You can also take advantage of third party payment systems online. There are options to choose from; however, they charge for about one percent of the item price as a fee. The small fee is nothing compared with your clients purchasing your items with ease.

The Basics of HTML
To ensure that your auctions eye-catching and appealing, you will want to know some basic HTML skills. There are a lot of easy and basic tutorials offered online. You can begin by searching for html tutorials, and then you can choose which one you like for your convenience.

Getting Started on eBay

Start by choosing a certain type of product to specialize in (for example, toys, clothes, etc.). That way, you can become an authority in those products and how to sell them effectively. You may decide to expand your product line at a later date.

Setting up an account is easy. Register an eBay user ID and you’re on your way. Make sure to read the eBay selling rules thoroughly and check out all the tips eBay offers along the way.

To start, put up only a few items and don’t saturate your auctions with too many of the exact same item. The primary goal is to sell your item at the highest price. If you are selling five of the same items, it may be more difficult for you to get a high price. Test out various selling methods and find out what works best for your particular items.

Ideas for Online Marketing
Promote your business with your own personal website. Your site can be a webpage just to promote your eBay business, or it can be an online store that links to your auctions. It gives you a more credible presence on the Internet and gives your clients a better sense of who you are. Create a mailing list. Mail out an informative newsletter on a regular basis to your subscribers. Don’t forget to promote your auctions in the newsletter too.

Other Auction Sites
Don’t limit your business to eBay. EBay is only one of the many auction sites available, but it is by far the largest. However, eBay’s fees can prove to be expensive after awhile. It may be more cost effective to sell your items on other auction sites, and you may face less competition, particularly if you are selling items at a fixed price. Other auction sites might be a more lucrative opportunity for you to buy items to sell for higher prices elsewhere.

All you need is some motivation and patience to watch your hard-earned money grow through on eBay business.

Keep in mind, though, you may also have fewer buyers for your products and may have a lower selling price. You will need to determine which is the most efficient way to sell your items.

Charles Taylor