My Auction Empires – eBay Consultants

Helping You Take Your Business To The Next Level

Here in the UK Lord Alan Sugar is back with “The Apprentice”. This is one of those programs that once you have seen once you are hooked. For new people the program is about 16 people looking to be the winner and the price a 50/50 partnership in their new business and an investment of cash from Lord Sugar of £250,000.

Over the the different episodes the two teams have to compete in different tasks. The winning team have a reward some luxury meal, spa treatment etc, and the losing team sit in a cafe go over why they lost and then back to the boardroom to see why they lost then the project manager brings two others back who they think lost the team the task and one of them is fired (some times more) the others back to the house for another task.

Now we have had two episodes so far first task they had a container of products to sell all imported items and the team who sold most won – simple? Well yes but when the girls team took a product to China Town to sell good luck cats you knew these were top business women lol. 

Even when a girl told them people in China Town could buy these cats far cheaper then they were selling at and most people had one they took no notice and wondered why they did not sell.

The second task was to make a designer beer. The lads thought they had it made (they did win again), but they split the team up into two one part stayed in London do do the marketing, design labels etc. The other part of team went to the Midlands to make the beer. But the Project Manager sent four people to make the beer who did not drink, did not like beer, and had no interest in beer. 
The girls team at least did send people who liked beer.

So so far what can we learnt from the first two episodes

  • Know the products we are selling and who we are selling to.
  • If we work with people in our business, use their strengths and not put them in situations they cannot handle or know nothing about
  • Keep focused and have a plan.

Each week I will try and do a report from each episode and bring you some hints and tips I have seen.

Have you every been to an a country fair, market where you have traders selling to the general public by doing demonstrations?

Or have you watched some of the Shopping Channels where they start off with one product and by the time you hand your money over you end up with an armful of products? If so you have fallen for the bundle effect. 

This is a hidden goldmine that people use time after time. You can also use it when buying items if you bundle several together you can often get the main one you wanted for a cheaper price. Try it next time you buy three or more things from a seller. Put them altogether and say how about XYZ for these !!! Then wait and see what happens as they say nothing ventured nothing gained. 

Why does bundling work, people see an extra value in the product. For example you sell a bread-machine. These items sell day in and day out, but what about if you add in a recipe book, that you have made or bought in, and to that add some flour, and some flour mixes. You know have an item that when it arrives people can use it straight out of the box………..this adds extra value and allows you to charger a higher price.

Or you sell Fancy-Dress. You could sell the costume and bundle it with a wig, some accessories and make-up, and a how to guide on putting on stage make up for the costume they have bought. Again you are adding value to the item.

Mother’s Day and Father’s Day – Make up a bundle of products that you but into a box or gift basket – include some wrapping paper and you have a ready made gift.

The art of bundling items is never ending. But there is another way that you can use with bundles and that is with auctions. If you put a few similar items together that often drives up the price. Why because people are buying them for different reasons, For example you may be selling a CD by an artist, and with the CD you include a Tee-Shirt, Autograph and poster from the concert. You will now get people who collect concert posters bidding against the autograph hunter and so on.

If you have not used the power of bundling when you buy items or when you sell items give it a go and come back and let us know the results you have had.

How many ecommerce platforms do you sell on? For me I sell on three : 

  • eBay
  • Amazon
  • Etsy

eBay is my first choice. This is where I started off back in May 2000, in fact it was May 20th 2000, yes almost 13 years ago and then over the years I have added Amazon and Etsy to my business. Yes I have tried others, some have worked and others have failed. But I always look at new platforms (selling venues) and ask myself will this work for me, my business and my clients.

For me eBay is where I spend a lot of my time as it works for the type of products I am selling at present. But in the next few months I will be working with two clients who have a large amount of media items that need liquidating. These will be added to the Amazon platform and sent into Amazon FBA.

But while I am listing if I come across any rare gems I will also add these to eBay. And if they sell on eBay before Amazon will use Amazon to deliver the product for me……………. this is makes life so much easier.  It allows you to run your business totally remotely.

Should we all be selling on all the different eCommerce platforms? No of course for some people eBay ticks all the boxes, others it is Amazon that does it and others still Etsy. Some people choose to list on two and others three or more. But the choice comes down to you and your business model.

Also you need to plan when you will start to list on a new platform. Never do it is your busy period – for most of my clients this is the Christmas season. But I do have a client whose sales drop of at Christmas due to their item being an outdoor sealant company.

As we move forward into 2013 and beyond we will be seeing third party listing software that will allow you to make one listing and then with a few presses of a button you can launch your items on different platforms and the software keeps track of everything.

These are exciting times and we will see many new companies come and go. Make a careful choice of the platform you wish to sell on and which ones you wish to add to the mix for your business and always ask yourself is this eCommerce platform right for my business and is it right for me with the time I have to work my business.

Remember with each new platform you choose, there will be a learning curve, some easier than the the others. There will be extra time in making up parcels (unless you use Amazon FBA to deliver everything, and then there will be the time to source all the new products……………… Fun times

In closing if you feel the time is right for you to move to a new platform and to expand your business take a look around ask questions, make a plan and then take action. But for me and a lot of others the three top ones are eBay, Amazon and Etsy. Each one very different but they all have very high web traffic which is what we need to make sales. 

 

One of the top questions I get asked all the time is where can we find products at the right price and ones that will sell time after time. I wish I could just wave a magic wand and help each person who has asked me that question over the years. The truth is id I and the other coaches and trainers new the answer to that million dollar question we would be selling those items and gladly share information as there would be so many products to buy and sell.

In previous emails and blog posts we have looked at

  • Car Boot / Garage Sales, 
  • Charity Shops / Thrift Stores, 
  • Retail Arbitrage, 
  • Trading Assistant Method (And yes you can use this method for Amazon as well)
  • Plus loads more places and ideas

Today I want to cover eBay, and before anyone says oh we have seen this buy low and sell high on eBay before, yep I know and I have covered this a few times as well, and over the years will cover it many times as eBay is a fantastic place to buy and sell on and make massive profits with.

But today I want to tell you about a method you may or may not have heard about, so people may say it is taking advantage of some ones mis-fortune and I guess in some ways that is correct but we are in business to make money and if the opportunity comes up where we can buy an item at very cheap prices then it is business.

Most people know that when they list an item on eBay the item launches at the time you list it both Auction and Buy It Now (unless you use scheduled listing – but a lot of people forget or do not want to pay the extra money). A question ” Did you know that people list items on eBay at times such as 2am in the morning. I am not joking there are hundreds if not thousands of items at auction and buy it now prices finishing at all times through the night. Most with no bids !!! 

But I do not have the time to stay up all night just in case something comes up, well you do not need to. There is a site out there called baycrazy.com that has all these items. It works in the UK as well and you can do a search in the different categorises and see all the items that will be finishing when most people are fast asleep.

And all you do is go in any do a Buy It Now or Set a price for the item using some sniper software and then in the morning when you wake up maybe you will have bought some great bargains

I do not know if it is the time of year, the sudden hot weather we are having but I am seeing a common trend of challenges that people are having in their eBay and Amazon business. To start with I thought it was now and then but recently I have been seeing forum posts, emails, phone calls and when people speak to me.

So I thought “Is it time to get back to basics” No not the bare bones of how to to list on eBay and Amazon but the basics of having systems in place to help you get those items out of the boxes and bags they arrived home with you in and up onto Amazon and eBay.  Because while the items are sitting there in boxes and bags, they are not only gathering dust they are not earning you any money. And remember we started this selling on-line to earn some extra money either full time or part-time.

In today’s article I want to talk about getting back to basics with your eBay business and the next one will be about back to basics with your Amazon business. And like I said it is back to basics and the area we will be looking at is the listing of products you have bought. For some reason people find buying products easy, but then they hit a brick wall when it comes to listing them.

When I talk with clients one of the main barriers they seem to have is that they are over whelmed with items to list. They walk into the product room and are faced with boxes and bags, they walk  into another room and stacked behind sofas, beds and chairs. If this is you rule number one buy no more stock until you have listed some items.

Next you need to get back into a habit of listing items on a regular basis. I want you to set yourself a relistic goal that you can stick to and get done in  aday. For instance right now if you struggle to list a few items a week and say to me I will list 20 aday I will send you away to re-think. Yes in a few weeks that will be be fine you need to start small.

Often I will tell people to list say 5 items a day this for most people is achievable. If for some reason it is not list 2 items aday. And once you have achieved this goal for a few days try listing a few more and so on until you are listing a large number each day. But you know what if you do not meet your daily target, do not worry. Tomorrow is a new day, you can start from scratch.

And if you carry on listing for 30 days something strange happens it becomes a habit. It is a proven fact that if you do something for 30 days it becomes a habit – good or bad. 

 

  • Rule One – No more buying stock until items have been listed that you already have.
  • Rule Two – Have realistic listing goals. Set goals you know you can achieve and if you do not meet them, do not beat yourself up. Tomorrow is a new day.
  • Rule Three – Do this for 30 days and it will become a habit, and this habit is good as it will earn you money.
  • Rule Four – List every day.

I hope this article has helped you. If you are finding part of your business a challenge please send us an email or leave a comment below and we will answer it through an article (or if personal through email). So remember list every day.

A question I ask clients is “Do you have a listing system for eBay?” Very often they will yeah of course but items and then list them on eBay when they arrive.  Ok guess that is a system, and if it works for you go with it, but there is a way that I and others use that allows us to list more items easier and faster.

The method I have been using for well over 7 years now may seem long-winded but once you have used it, you will think WOW this really is a system that not only saves time but allows one to list items wherever they are in the world. But like I said if you have a system that works for you stick with it, and please feel free to share it below in the comments.

When I have been out product sourcing from Charity Shops, Discount Shops, Sales and Wholesalers I come home and relax for a bit. Then I split the items into similar piles – so for example I will have CD’s in one pile, DVD’s in another pile, Children’s Clothing in another and the list goes on and on.

****Side note ……… you can do the processes over a few days or day or three days it is up to you and the work load you have. But remember the longer the items are not listed on eBay the longer they stay in your home and not making you money****

Once the piles are done, next you need to take photo’s of the items and edit the pictures – cropping, adding a proper name to them, and making sure the shortest side is  at least 1600 pixels.

Then you need to write out the titles, description, shipping weight and cost and item specifics.

The main part of the system is now done, sitting in front of you on a computer, memory stick or in the cloud are all the items you need to list. You then go through the piles and list, list and list some more. By working through the piles and not doing a CD and then a cake tin means that after you have listed one CD you can just change title, any item specifics if needed, a picture and bits of the description. The rest stays the same (at times you have to change prices)

This system also allows you to list wherever you have an internet connection – coffee bar, park, gym. So you will never waste time again and you will find you can list a lot of items in less time.

From a very early stage parents, grand-parents, teachers have always pushed us to be the best we can and get to the next level. At times we might think why, we are happy where we are but when we look back on life we can see why these people pushed us.  They had the best for us in mind, but we did not see it.

The same goes for us now we have our own on-line business, we are plodding along making money most of the time we are happy, but very soon we fall into that comfort zone. Now there is nothing wrong at all being in that comfort zone and if you are happy making what you are making right now that is fine.

But maybe you are able to do better, and earn more money with just a bit more work and time. As a coach and consultant I find I spend a lot of time helping people get to that next level. That they can do it. 

So today can I encourage you to dust off your boots, and get ready to climb to the next level. For some it maybe just a few steps away, others you are a step away, while others still need to break camp and start the journey. “Success is a journey and not a destination” You ask every successful business person and they will tell you they are all on a journey, learning new ideas and concepts.

This weekend take some time, look through your business plan and make a plan that over the next months you are going to take action steps to take your business to the next level. And when you think you are there remember you are on a journey.

As an eBay and Amazon Coach and Consultant one of the common questions I get asked on a regular basis by clients is “Help my sales Help My Sales Are Downhave stopped” Why? Well those who have been selling online for any length of item know there are many reason sales could have stopped. Things like :

  • A Major Event is taking place
  • A Bank Holiday
  • A Sporting Event
  • An International Disaster
  • The Items You Are Selling Are Not Wanted By People
  • Title, Description, Photos are OK
  • And a few other things

Once we have gone through the list and checked that non of the above are stopping the sales, I will ask them about listing items. Normally I will ask them how often do you list items on eBay and Amazon. And the answer often comes back when I feel like it or have the time to list.

Right there we have identified the issue, to have regular sales on eBay and Amazon we need to be listing items on eBay and Amazon on a regular basis. Now you may be thinking what is regular? Well that comes down to you and the time you have to work on your eBay and Amazon business. Some people only have a few hours a week, while others do it full time.

Time does not really matter, what matters is the fact that you set out a plan and stick to the plan. Some people may find it easier to list items at the weekend, while others during the week, and some have the time to list items each and everyday. It just needs to be done.

So for example let’s say you have 35 items that you need to list a week. When you think about it 35 items might sound a lot, but when you break that down over a week it is just 5 items a day.  Now 5 items a day sounds a lot more manageable. What you need to do is look at the time you have for your business and then work out how much of that time is for listing and go from there.

But remember you can have the best products ever, at the best price with great pictures and descriptions but if they are just sitting in boxes around your home and are not being listed on a regular basis. They will just be products sitting in boxes and not making you money.

So next time sales seem to be slow or down ask yourself that question “When was the last time you listed an item on eBay or Amazon?” 

Let me ask you a question………. “Right now how many of us are living out our full potential in all areaseBay, Amazon, Potential of our life?” I think if we are open and honest we all would say……………….. none of us. Yes we work hard, but there is always that extra bit we can go.

To help paint a better picture of the question, we all use computers in our online job, but how many of us really push the computer to it’s full potential? Yes it may be full to buy a large spec computer with the latest hard drives, mother board, processors, and software.

Then we list items on eBay and Amazon, take some pictures, make videos, send emails and designs some flyers. Sitting on our desk we have a computer that has the potential of doing much, much more. But we are only using a fraction of the potential. Why?

Well at times it is due to the fact that we just do not know what the computer is capable of doing. It has hidden within it, the capacity to run multiple programs at one time that will save us time and money. But we need to take the time to learn and take action. And the same goes for us.

As human beings we have the potential for so much in life and due to many reason we often never reach this, often again because we do not know what is hidden in us. We can all achieve so much more.

So please can I encourage you to surround yourself with people who you trust, who live out and think big dreams, and who can unlock that hidden potential in your lives. Now go and think and live out those big dreams you can do it.

Recently I seemed to have the same conversation with a few people, and all seemed to go back toeBay Trading Assistant, eBay Education Specialist or eBay Consultant, eBay, don't let past hold you back what people had said about them in past. This makes me so sad. Then I read an article and it was entitled “She was only a grocers daughter”

Of course the article was referring to Margaret Thatcher or Baroness Thatcher. Who would have thought that a a grocers daughter would have achieved so much, and that when she died she was granted a State Funeral.  

Whatever your politics she was a very special woman who went from the local primary school to winning scholarships at a top girls schools to a place at Oxford, giving birth to twins the same year as she qualified as a barrister. 

Then in 1950 she entered politics a time when women did not do politics and soon she was Secretary of Education and then the first Woman Prime Minister and the world of politics were changed forever.

You see Margaret Thatcher could have said, my Dad owns a shop, so i will just go to the local school and then work in the shop. No she knew there was more out there and with family support she went for gold. And I believe even without support she would have made it.

You see the same principal with people from all walks of life, who have turned their backs on the past and reached for the stars. You too can do the same.

You have made the decision to start an eBay or Amazon business but people around you laugh and say you !!! You could never do that, you are only………………… . Just smile and step away, and go for gold.

And then when you have achieved that goal you are your own boss, you will achieve the freedom many people only talk about, the difference is you took action. You let go of the past that held you back.

Surround yourself with people you can trust and who can take you to the next level.