|♦ REFRESH to rotate MAAMAW'S CLICKY NOTES thru this space..... Timely Tips, Best of the Boards & More ♦|
Be sure to visit the Current Message Board when you're finished here.
We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.
|| View Thread | Return to Index | Read Prev Msg | Read Next Msg ||
FIB - Scams 101 - Ye Olde Archives
Posted By: Jim Kaiser In Response To: I'm doing almost all that.... (MaaMaw)
Friday, 23 September 2005, at 9:24 a.m.
In Response To: I'm doing almost all that.... (MaaMaw)
There are a couple kinds of eBay sellers....
There are those who enjoy making up nice pretty ads and have a fun time just selling a few items and enjoy dealing with customers and everything else involved in the auction process. The money is secondary.
Then, there are those of us who just want to get as many quality auctions up in the shortest amount of time as possible and have the least amount of customer interaction as possible. We understand that time is money and we fine tune and do all we can to make sure our time is being spent doing the things that make us money and avoid the things that don't.
If you fit into the first group, you are doing things just fine. I would go as far as saying that the quality of your listings would fall in the top 1% of all of eBay.
Really nice descriptions
And the part you probably don't want to hear.... TOTALY UNNECESSARY!
If you want to move closer to the second group I described (the profitable group), it's time to rethink things.
Let's take the first two auctions you posted as an example - the driftwood and magazines.
First thing to look at is how much time and money it takes you to get your products. I'm going to assume that you just had these mags laying around the house and that you've already got your value out of them so their cost and time to get would be zero.
I'll assume that the driftwood was something you just picked up while walking down the beach and not for the purpose of listing on eBay - you had the stuff sitting around so again the cost and time is zero.
Zero is a real good starting place but not one you can generally build a business from.
Next, look at the time it takes you to write up your auctions - this is the part that appears to be killing you. After looking at these auctions I am going to assume that you put about 5 hours into them. Add to that the hour or so it will take you to answer questions, pack them up and run them to FedEx (really bad shipping choice on this one BTW)
You now have 6 hours into auctions that had BIN prices of $30 combined!
So, if the planets were aligned and all went perfectly with your auctions, you set yourself up to make LESS THAN MINIMUM WAGE!
Nothing wrong with eBay or the buyers or the market for your products or anything else here, you just set it up so that it was impossible for you to make money.
If you are going to sell items in that price range, you need to figure out a way to be able to have each transaction take a total amount of time of less than 30 minutes. (even 30 minutes is too long but a good goal at this point)
If you insist on spending the amount of time on your listings that you do, you shouldn't even consider selling items with less than $100 profit to make it worth your time.
I can give lots of input here, let me know if you'd like to hear it.
A couple more things to think about....
Decide what these items are worth to you and I hope you will say nothing. If that's the case, there is no reason not to start your auctions at 99 cents. While it may not be your personal experience, trust me, this is the best way to get the bidding going. As a general rule, the lower the starting price - the higher the final bid price.
Now, about your shipping prices....
While you might think FedEx is cheaper, it is actually twice as much as Priority mail when you use the flat rate box. ($7.70) You can get the boxes for free and even eliminate a trip to FedEx since you can just hand the box to the mailman. (did I mention that time is money)
Since I haven't posted here in a few years and nobody here knows me, I'll hold off on my hardcore advice until I get a feel for the board and the people here.
As Jim Wilson mentioned above, you might want to check out his forum for some really good eBay advice.
|| View Thread | Return to Index | Read Prev Msg | Read Next Msg ||
FIB - Scams 101 - Ye Olde Archives is maintained with WebBBS 3.11.
| PLEASE READ THIS LEGAL NOTICE CAREFULLY BEFORE YOU FILE A LAWSUIT OR EVEN WASTE TIME THINKING ABOUT IT. It has been done before, but never successfully. In fact, the last dodobird who tried it ended up being ordered to pay more than $77,000 in attorney fees ($65,000+ to my attorneys and $12,000+ to my co-defendant's legal advisor).
If your attorney is worth his salt, he's going to tell you that the expense of filing a lawsuit you can't win is a whole lot worse than any "damages" resulting from messages posted on this insignificant little chunk of cyberspace.
NEWS FLASH: I didn't just climb down off that ol' turnip truck yesterday. I'm well aware that expressing a negative opinion, relating one's personal experience, and restating provable facts are all legal in this country and do not constitute libel, slander, or defamation -- so you don't want to play games with me, and you sure don't want to start something you aren't prepared to finish. I don't take threats lightly, and I don't accept bribes (or did you call it a "mutually-beneficial arrangement"?). I'll turn you in faster than you can yell, "ARREST ME, I'M SCUM!!"
Do yourself a favor and turn your legal team loose in greener pastures.
Although we may, from time to time, monitor or review discussions, postings and the like on the Friends In Business (Scams 101) Message Board, we are under no obligation to do so. We are not responsible or liable for any claim arising from the content of any such discussions or postings or for any error, defamation, libel, slander, omission, falsehood, obscenity, pornography, profanity, danger, or inaccuracy contained in any information contained within such locations on the Site.
You are prohibited from posting or transmitting any unlawful, threatening, libelous, defamatory, obscene, scandalous, inflammatory, pornographic, or profane materials or any material that could constitute or encourage conduct that would be considered a criminal offense, give rise to civil liability, or otherwise violate any law. You are likewise prohibited from posting any false claims against any company or individual. We will fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of anyone posting any such information or materials.
By posting messages and/or content on the Friends In Business (Scams 101) Message Board, you give permission for Lesley Fountain/Friends In Business/Shoestring Success Publications to display, distribute and use the posting and content for publication, advertising, promotion, excerption or example. You grant Lesley Fountain/Friends In Business/Shoestring Success Publications complete, perpetual, but non-exclusive rights to use, archive, reproduce, adapt, modify, distribute, sub-license, repurpose, rework, compile, or offer for sale or resale the messages, postings or content appearing on this site in whole or in part, throughout the world and universe, on a royalty-free basis without remuneration. If you cannot accept or agree with the terms of service for this website and discussion board, you are advised not to post on this board.
In closing, I would like to remind you once again that it is still legal, in this great country of ours, to express a PERSONAL OPINION, as long as it is presented as opinion and not as fact.
And finally, all you scammers out there will do well to remember that TRUTH IS AN ABSOLUTE DEFENSE against charges of libel, defamation, and slander... so if you're operating just a hop, skip, and jump ahead of the law, you might want to think twice before doing anything stupid... (AND SHAME ON YOU!!).