Archive for November 29th, 2009

Nov 29 2009

Ebay Sellers: Shopping On Black Friday Will Make You Thousands

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Ebay Sellers: Shopping On Black Friday Will Make You Thousands
Black Friday is a goldmine for eBay resellers. On one single day there are more profitable items for sale than during the entire rest of the year. If executed properly, Black Friday can easily create thousands of dollars in profit. This article explains in detail how to find and buy deals on Black Friday and then how to sell them on eBay for a profit. Preparing for Black Friday In order to make the best purchases on Black Friday, it is necessary to start by gathering some supplies. Initially you will need the following: - Money - Transportation - Advertisements The first requirement is fairly self-explanatory, but keep in mind that the more money you can spend the more you can make. Don’t go out and spend $10,000 on your first trip though, as that is a lot to loose if you mess up. Prepare yourself to spend a set amount of money before leaving, that way you will know exactly what you are getting into. The second requirement is actually more important than it sounds. My friend and I went on our first Black Friday trip over four years ago, and boy were we under prepared. We went out with two sedans and came back with two sedans filled with products plus another sedan’s worth tied to the roof. I highly recommend that you at least attempt to find a rather large vehicle, though it isn’t imperative. Lastly, you will need to find yourself as many advertisements for Black Friday as possible. The sooner you get these, the easier it will be to do the research. I personally advocate searching online; there are many websites that post Black Friday sales ads well before they are printed. Look for deal sites and eBay selling sites to have these. Now that you have everything together, let’s get to the important part. Researching Products for Profitability It is ironic that the most important part of making money on Black Friday isn’t actually done on Black Friday. This is the part that separates those who will profit from shopping and those who will just buy things. It almost all comes down to the research. When the big day rolls around, it is important to know exactly where you are going and exactly what you are buying Also know how much money you expect to make from each product. Keep the importance of this step in mind as we continue. The initial research begins with finding the material, a.k.a. advertisements. This can be done in two ways; the first is to go and get newspapers on the Wednesday before Black Friday, the second is to find ad-scans on the internet. I fully prefer the second method, as it allows me to research weeks in advance. A simple Google search for Black Friday will reveal many websites that are dedicated to providing ads as far ahead of time as possible. Once your ad collection is assembled, you will need to sit down and look through all of them, paying specific attention to items you think will sell best. If you need to get a general idea of product value then vist www.selladeal.com/products and look at what items sell best. Next you want to write down a list of the products that you think will be profitable when sold. You will then check this list against the completed auctions on eBay to get an approximate selling value. To reiterate, you will be looking through ads to pick out valuable buys and comparing the price with their current value on eBay. This will give you a guess as to the amount of money you can make off of each item. I recommend repeating this process of finding an item and checking its eBay price several times so that your list will be fairly complete. At the end of this process, you should have a good number of products along with an idea of how much money you can make from reselling them. Ranking and Scheduling Stores Now it is time to plan out our shopping trip. Here we have this list of products and how valuable they are to us. The next step is to arrange the items by store and by profitability. This should make it apparent which stores are going to be more profitable than others - these are the stores that you’ll want to visit first. After you have the stores arranged based on profitability, you want to double check the hours of each sale. This will assure that you catch all opportunities because of differently timed sales (in a perfect world, each sale would start about 2 hours after the previous, in reality they will likely all start at the same time). The final step to this process is to write down an exact order of the stores that you will visit and an exact order of the products you will buy in each store. This list makes buying the best products a very straight forward trip. If you know what you want before hand, you will get there before the people who will have to think about it. The Big Day - Black Friday Believe it or not, this isn’t nearly as difficult as it is made out to be. Yes, there will be crowds. Yes, people will be acting like maniacs. This is why you will succeed - because you have already planned and researched everything and will not be acting crazy. The drill is simple: follow your schedule and buy as many of the profitable items as you can get. There may be times when you need to be assertive to stay at the front of a line, or even to push your way through a crowd to get to a product. The key is to remain polite, confident, and assertive enough to get to where you are going. Getting angry or causing trouble will only make things worse. If you cannot get one of your best products, it isn’t the end of the world. Remember that there are a lot of other items that you can get to resell for a profit. Here is a general set of guidelines for getting the best items: - Always remain calm. You must be in control and thinking at all times. - Be assertive. Say excuse me to get past people, don’t just wait there. - Be polite. The moment you loose your temper, the sales reps will turn on you. - Stick to the plan. Purchase the items that you can, and move on to the next store. If all of these guidelines are kept in mind, there should not be any problems during Black Friday. There is one other thing to be aware of; up selling. Sales personnel will try rigorously to add on warranties, surge strips, antivirus software, and many other items that are not worth mentioning. Do not buy into their sales hype - stick with the plan and purchase the profitable items, nothing else. Selling your Products on eBay Almost there! Here is what’s next: cataloguing and selling the items online. This is pretty easy; the hard part is certainly over. Sell as many of the items as possible within the next two or three weeks, that way they will arrive by Christmas. Don’t panic or overload eBay in order to reach this deadline, the items will sell nearly as well the first week into January. I don’t recommend selling products during the weeks before and after Christmas, as this is usually a pretty slow sales period on eBay. I would highly recommend reading these selling guides if you need to brush up on your eBay auction technique. On the most basic level, you need to at least include a picture in each auction. That is about it - once everything is listed you need only sit back and deal with shipping. There are also some shipping guides in the above link if need be. Let the Items Sell, and Count the Profits This is the best part. Once everything is finished selling, it’s time to add it all up and see just how great Black Friday is. I personally made well over $2,000 on my first Black Friday. Give it a chance, do the research, and good luck! Mason Hipp is an eBay powerseller and a regular contributer of selling guides, ebay products, and information to <a href="http://www.selladeal.com" target="_blank">http://www.selladeal.com</a>
Source: www.ArticlePros.com

10 Safety Tips For Buying On eBay
eBay has become a household name for shoppers. A lot the buyers on eBay are not regular internet shoppers but they still shop on eBay. Such is the power of eBay giving simplicity of shopping and top bargains. From time to time, there is some fraud on eBay about fake fashion items, event tickets that do not exist, some expensive electronic items that do not exist. eBay does its best to intervene and resolve such disputes. As a shopper, you can follow these 10 safety tips to avoid being conned. 1. Check the seller?s feedback. Positive feedback rating of over 95% is good. If there are many recent negative feedbacks, then this is not a good indication. Also, read all the negative feedbacks. Are these negative feedbacks reasonable? What type of response does the seller have for these feedbacks? Does the seller?s defense sound reasonable? Sometimes new members who buy items on eBay are paranoid and they leave a negative feedback in a haste so make sure if the seller has defended himself/ herself in a reasonable manner. If there are too many complaints of the same nature, then it is probably true. 2. The sellers must have some kind of identification or recognition seal like Paypal verified, or Square trade or a Powerseller seal on the auctions. Such sellers are more reliable. This is especially a good check when you buying an expensive item. 3. Ask seller a question before bidding on the item. Responsible sellers reply promptly to questions. Also, if the seller actually has the item, he/ she maybe able to answer a valid question otherwise not. 4. If you are buying something expensive, then get the contact information of the seller at http://search.ebay.com/_W0QQtZvbQQsofindtypeZ9. You have to login to your eBay account and send a request. You can get the seller?s address and phone number. In doing this, your address and phone number will also be emailed to the seller. 5. The items must have pictures unless it is a service that is sold on eBay. If there is no picture, then the items is probably not there. Almost all sellers will put at least one picture of the item. Let?s assume that the item is there but the seller has been lazy in not putting the picture in the auction ad. Would you like to deal with someone who is so careless? It just shows that the item may not be in good condition, maybe defective or broken. 6. Check description of the item. Research other websites for the same item. Some of the shopping websites to research would be shopping.yahoo.com, overture.com and shopping.msn.com. These sites are adequate for researching items and get the description that you need. The eBay description should match item description on other sites. 7. Research prices for the item on sale. If the item on sale is Gucci handbags, then search for this model of handbag on shopping.yahoo.com. If it retails for $800 on Yahoo and seller on eBay is selling a brand new one for $90, then this item may not be authentic! Large wholesaler are able to sell items for around 50% of retail but something like an original Gucci handbag, it is unlikely that a seller would let go for $90 because these items sell like crazy. Just a note on fraud items ? a lot of fraud eBay occurs on fashion items. This is very unfortunate and eBay has taken a lot of steps to eliminate fraud. 8. If the seller has not mentioned any shipping and handling terms, then ask before bidding. There are many auction ads, where the seller mentions that shipping and handling will mentioned to the winning bidder. Surprisingly, there are bids on that item! If you start bidding on the item, then it means that you agreed to the terms and condition of the sellers and there is less room for you to dispute later so ask for the clear instruction on shipping and handling. 9. Reliable sellers have clear description on their refund policy. If it is not there, then ask the seller for it. If the seller has no refund policy, then do not bid on the item. If the there is no refund policy in the auction description, then make sure you get the refund policy in an email from the seller. In this way, you have a document of the refund policy. 10. Do a search for the sellers past items on eBay. Check to see if the seller has sold similar items in the past. To search on the past auctions, go to the Advanced Search page. Here click on the items by seller link and type in the sellers ID and check the box for Include Completed listing. It is always good to check this especially if you are considering buying something expensive. The author Guillermo Jalil owns several businesses including eBay business and other internet businesses. For more Ebay shopping tips on how to find great bargains visit <a href="http://www.startbuyingonebay.com" title="http://www.startbuyingonebay.com" target="_blank">http://www.startbuyingonebay.com</a>. For tips on how to make on the internet from multiple sources of income visit <a href="http://www.internetandmoney.com" title="http://www.internetandmoney.com" target="_blank">http://www.internetandmoney.com</a>.
Source: www.ArticlePros.com

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