Tuesday, November 4, 2008

What Not to Sell on eBay

Written by SaleHoo.com©© All Rights Reserved

1. Items under $10

It sounds like a great idea - after all, everyone likes a bargain don't they? But items that sell for under $10 have one big problem: Shipping. It's quite likely that the shipping for the item will cost more than the item itself and this can be very off-putting to buyers. For example, if the item costs $4.50 and shipping costs $6, the total cost for the item is $10.50. If the buyer can purchase the item at their local store for $8, then this suddenly becomes a much better deal. For small items and accessories, the way to get around this problem is by grouping the items together, such as sets of 6 golf-balls or 5 tea towels.

2. Products everyone else is selling

Many sellers think that the best way to get started on eBay is to sell items that everyone else is selling. Surely those super hot items such as ipods, cell phones, psps and so on will be a quick route to riches? Well, no. The sellers who are already selling these items are not only more established on eBay - and thus familiar to and trusted by buyers - but they will be able to buy wholesale stock in larger bulks lots than you will, so their prices will always be better. Thus it will almost certainly be very difficult for you to make a profit in a market that is already well supplied.

3. Things you love...but no-one else does

Hobbies can be a great way of making money, but only if plenty of other people are interested in them, too.
Another scenario is when you find a product that you think is absolutely wonderful and could be the next best thing...but no-one seems interested in buying it. Oh well you think, it's only short term, eventually they'll learn about my item and start flocking to buy it. Ah, no they won't. It's lonely work trying to educate people on the benefits of a product all on your own. As fabulous as the product might be, it's nigh-on impossible to start a trend on your own. To make money from a trend, you need magazines and newspapers, word of mouth and television to do some of the work for you.

4. Difficult items to ship - e.g. fragile china and plants

Now I'm not saying that these are bad items to sell altogether. Many sellers do very well from these items. But I don't suggest you sell such difficult items when you are first starting out. All these type items have an above-average shipping risk, particularly if not packed properly. As a new seller, any negative feedback you receive at this early stage could be especially damaging to your career.

5. Very large items

Thinking of starting with furniture or pianos? Unless you already have experience selling and shipping these items, then it might be wise to start with something smaller. Shipping such large items is a major operation. Not only that, these items will sell less often than mid-priced items as they won't attract the same number of impulse buyers.


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Sunday, November 2, 2008

Hi, all.

It's been a while since I have had time to post anything, but I'm determined to keep this updated at least once a week, so stick with me here.

I know alot of people are beating their heads against the wall trying to find a way to make some money online, and I am, too. My inbox is full every day with this great offer, or that one thing that everyone has been waiting for. Frankly, I am sick of it.

But, what's a person to do?

It is my belief that branding is very important on the internet today, so people will know that you are a real person, not just some computer screen somewhere in BFE.

That is one of the reasons that James & I have been steadfast in branding ourselves as BooKooGuru. Not only do we have our online store, BooKooGuru, but many of our friends know us on MySpace as BooKooGuru as well. You can also find us at Twitter.

Enough about us. What about you and how I can help you start to make money online?

Well, the first thing I can tell you is that you will be very lucky to find a way to "get rich quick" on the internet. Alot of people have lost alot of money in all the traps, so don't fall for that.

The first thing I will advise you to do is go down to your local bank and open a free checking account just for your online activity. Most banks will let you have a free account for around $100 and don't keep more than that in there at any one time. My little local bank here even has online banking so I can move funds easily out of that small account into my main bank account. Almost all "money making" avenues on the internet are going to require you give up your personal information, so just get over it. That's the reason for the seperate bank account.

After you get your bank account set up, use it to get your free Revolution Money Exchange Account. This is a real bank in New York with a real phone number and real people you can talk to. I had to call them when I was setting my account up, and they are very friendly and helpful. Don't be afraid, you can make some real money real fast with this service.

Make sure you follow me on Twitter. It will help you get traffic to your website or blog and it's FREE.

If you have any questions or just want to chat, contact me here.

Back soon with more.

Sincerely, Ramona

Here's one of my favorite manual traffic exchanges. Great games & extras.

Mythology Surf