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Digg it UP - The Strategic Advantages Of An Online Auctions & Ebay Business Model
I am going to introduce you today to a concept that if you understand and implement, will be the deciding factor of your financial success in your life. Like all great knowledge, this one is also dangerously simple, and that’s why most people don’t get it! But before I get to that, let me share with you a great quotation that I read recently:“…there are people who put their dreams in a little box and say, "Yes, I've got dreams, of course, I've got dreams." Then they put the box away and bring it out once in a while to look in it, and yep, they're still there. These are great dreams, but they never even get out of the box. It takes an uncommon amount of guts to put your dreams on the line, to hold them up and say, "How good or how bad am I?" That's where courage
2. A Little Computer Knowledge;
3. A Computer or Access to a Computer;
4. A Good AD;
5. A Valid Credit Card – for setting up your seller’s account;
6. A Valid eMail Address;
Once you have registered with the online auctions site or sites of your choice, you can begin to sell any product you want at a profit. Registration and the beginning of a successful business can normally be accomplished within 24/48 hours with:
• No Need for Capital – it costs about $0.30 to list an auction and the listing fee is normally b
When there is an opening to fill, a company has four basic approaches at their disposal:• Advertise the position on Internet job sites• Network• Probe the Internet for viable candidates• Use recruitersWhen a company advertises an opening on an Internet job site, they receive hundreds of resumes. It simply is too long of a process and financially prohibitive to review every resume and move through each step of the interviewing and selection process to fill the opening.Since decision-makers know other decision-makers, a hiring manager’s network can be quite extensive. In time, good candidates can be located. The problem with this approach is that the hiring manager may simply be too busy to engage in the time and human interacti
As a business, Online Auctions are probably the only opportunity that allows everyone the chance to play on a level playing field. Everyone involved in online auctions and eBay has the same opportunity to reach and sell to literally millions of people – whether they are just looking to make a few extra bucks a week as pocket money; hope to develop a thriving and profitable work at home business and earn valuable part-time or full-time income; whether they are a working Mom making a modest income; or a big Company with lots of inventory to sell.
A Conventional Business needs a fair amount of both Capital and Time to be established and organised before you can really start trading profitably. And if you were planning to manufacture your own product - then depending on your product design and manufacturing cycle - there can be a big time lag before your products are delivered to the buyers and consumers and turned into sales and revenues.
In order to start-up and run any conventional business, there are certain minimum requirements which must be met before you can open shop and start trading including but not limited to:
• Capital or Equity;
• You – including your managerial and organisational skills;
• Time – weeks or months or even years of advance preparation;
• Business Strategy and Plan;
• Financial Plan and Short-term to Mid-term Budget;
• Marketing Strategy;
• Business Premises including Location and Layout;
• Manufacturing Premises if you plan to manufacture your own products;
• Equipment – Office and Manufacturing;
• Personnel;
• An Inventory of Products to sell – either manufactured by you or purchased from a supplier;
• A Reasonable Advertising Budget;
• Banking Facilities;
• Trading Licences and Certificate of Incorporation;
• Customers;
• Other Requirements depending on your country and place of business;
But as an Online Auction Seller or Auctioneer there are really only 6 easy to meet requirements:
1. Registration with the online auction house or eBay. It’s Free!
2. A Little Computer Knowledge;
3. A Computer or Access to a Computer;
4. A Good AD;
5. A Valid Credit Card – for setting up your seller’s account;
6. A Valid eMail Address;
Once you have registered with the online auctions site or sites of your choice, you can begin to sell any product you want at a profit. Registration and the beginning of a successful business can normally be accomplished within 24/48 hours with:
• No Need for Capital – it costs about $0.30 to list an auction and the listing fee is normally b
Question: What is the number one need for success in business today?Answer: To persuade others of your value and the value of your ideas.So What Is Influencing?Influencing is getting your own way, especially unobtrusively.Most managers do it, most of the time.• You can influence others simply be being you (notice how easily children are influenced by the behaviour of those around them) • You can influence covertly, behind the scenes • You can use more open strategies and tacticsGreat influencers manage to get other people to go along with their ideas whilst maintaining the relationship. If people feel manipulated, relationships will be damaged. It is important to understand the different strategies
A Conventional Business needs a fair amount of both Capital and Time to be established and organised before you can really start trading profitably. And if you were planning to manufacture your own product - then depending on your product design and manufacturing cycle - there can be a big time lag before your products are delivered to the buyers and consumers and turned into sales and revenues.
In order to start-up and run any conventional business, there are certain minimum requirements which must be met before you can open shop and start trading including but not limited to:
• Capital or Equity;
• You – including your managerial and organisational skills;
• Time – weeks or months or even years of advance preparation;
• Business Strategy and Plan;
• Financial Plan and Short-term to Mid-term Budget;
• Marketing Strategy;
• Business Premises including Location and Layout;
• Manufacturing Premises if you plan to manufacture your own products;
• Equipment – Office and Manufacturing;
• Personnel;
• An Inventory of Products to sell – either manufactured by you or purchased from a supplier;
• A Reasonable Advertising Budget;
• Banking Facilities;
• Trading Licences and Certificate of Incorporation;
• Customers;
• Other Requirements depending on your country and place of business;
But as an Online Auction Seller or Auctioneer there are really only 6 easy to meet requirements:
1. Registration with the online auction house or eBay. It’s Free!
2. A Little Computer Knowledge;
3. A Computer or Access to a Computer;
4. A Good AD;
5. A Valid Credit Card – for setting up your seller’s account;
6. A Valid eMail Address;
Once you have registered with the online auctions site or sites of your choice, you can begin to sell any product you want at a profit. Registration and the beginning of a successful business can normally be accomplished within 24/48 hours with:
• No Need for Capital – it costs about $0.30 to list an auction and the listing fee is normally b
In BBC's television program, The Office, David Brent is a regional manager of the Slough office of Wernham Hogg. He is an inept, politically incorrect boss. Yet, he thinks his employees love him and that he is the greatest boss of all time. He buys himself a "world’s best boss" coffee mug and uses it as proof positive that he is, in fact, the greatest boss.This television program is comedy and has even spun off an American version of the show. David Brent is not the world's best boss, not even close. But watching him and his antics is great comedy. He inspired me to write an article describing what really does make a great boss. Here are the characteristics of what I believe makes a great boss.Intelligence: A boss needs to be intelligent and smart;
• Capital or Equity;
• You – including your managerial and organisational skills;
• Time – weeks or months or even years of advance preparation;
• Business Strategy and Plan;
• Financial Plan and Short-term to Mid-term Budget;
• Marketing Strategy;
• Business Premises including Location and Layout;
• Manufacturing Premises if you plan to manufacture your own products;
• Equipment – Office and Manufacturing;
• Personnel;
• An Inventory of Products to sell – either manufactured by you or purchased from a supplier;
• A Reasonable Advertising Budget;
• Banking Facilities;
• Trading Licences and Certificate of Incorporation;
• Customers;
• Other Requirements depending on your country and place of business;
But as an Online Auction Seller or Auctioneer there are really only 6 easy to meet requirements:
1. Registration with the online auction house or eBay. It’s Free!
2. A Little Computer Knowledge;
3. A Computer or Access to a Computer;
4. A Good AD;
5. A Valid Credit Card – for setting up your seller’s account;
6. A Valid eMail Address;
Once you have registered with the online auctions site or sites of your choice, you can begin to sell any product you want at a profit. Registration and the beginning of a successful business can normally be accomplished within 24/48 hours with:
• No Need for Capital – it costs about $0.30 to list an auction and the listing fee is normally b
Intermittently the USPS raises domestic and foreign postal rates. The last raise was on June 30, 2002. The latest rates take hold on January 9, 2006. The increase is 5.405% for a first class letter and 6.579 for the standard Priority Mail envelope. The new first class letter cost is $0.39. The new standard Priority Mail envelope cost is $4.05.Increasing postal rates have been hurting mail order and direct mail businesses for a long time. Will this last raise be the straw that breaks the camel’s back? Some will just give up on making money in direct mail or mail order. The main impact is on businesses that are in the startup stage. Yes, this includes Farmer Brown who is trying to make a buck off his kitchen table.I use first mail letters to promote my busine
• Equipment – Office and Manufacturing;
• Personnel;
• An Inventory of Products to sell – either manufactured by you or purchased from a supplier;
• A Reasonable Advertising Budget;
• Banking Facilities;
• Trading Licences and Certificate of Incorporation;
• Customers;
• Other Requirements depending on your country and place of business;
But as an Online Auction Seller or Auctioneer there are really only 6 easy to meet requirements:
1. Registration with the online auction house or eBay. It’s Free!
2. A Little Computer Knowledge;
3. A Computer or Access to a Computer;
4. A Good AD;
5. A Valid Credit Card – for setting up your seller’s account;
6. A Valid eMail Address;
Once you have registered with the online auctions site or sites of your choice, you can begin to sell any product you want at a profit. Registration and the beginning of a successful business can normally be accomplished within 24/48 hours with:
• No Need for Capital – it costs about $0.30 to list an auction and the listing fee is normally b
The internet is the rave of today, tomorrow, and the future. If you want to learn how to secure your future in 3 easy steps, the first thing you must do is hitch your wagon to the internet. Absolute Fact!Face it, the internet is an unbelievable place, plus it doesn’t discriminate. The internet can quickly make the totally disliked pauper a millionaire. While at the same time strip the well known guru of all worldly treasures.Just picture this, the information super-highway is a haunting place. The servers offer up spiders, crawlers, search engines and faceless names. How can you secure your future in an eerie place like that?I also heard that nothing comes easy on the internet. But hold on. I’ve found something that I’m sure would be worth your while
2. A Little Computer Knowledge;
3. A Computer or Access to a Computer;
4. A Good AD;
5. A Valid Credit Card – for setting up your seller’s account;
6. A Valid eMail Address;
Once you have registered with the online auctions site or sites of your choice, you can begin to sell any product you want at a profit. Registration and the beginning of a successful business can normally be accomplished within 24/48 hours with:
• No Need for Capital – it costs about $0.30 to list an auction and the listing fee is normally billed monthly;
• No overhead or upfront costs;
• No Need for Sales Staff or Distributors;
• No Need for a Website;
• No Need for Business Premises;
• No initial investment required;
• No need to ship products yourself if you use established, professional drop-shippers;
• Millions of captive online auctions buying customers;
The Strategic Advantages of this business model are clear and beyond dispute:
1. No Time Constraint – Bids can be placed at any time, 24/7, seven days a week and l65 days a year. Items can be listed for up to 10 days at the discretion of the seller, thus giving purchasers adequate time to search, decide and bid. This convenience increases the number of bidders;
2. No Geographical Constraints – Buyers and Sellers can participate from anywhere in the world that has access to the Internet. This makes the auctions more accessible, reduces the cost of “attending” an auction, increases the number of listed items/sellers and the number of bids/bidders for each item. Also there is no need to ship items to a central location, reducing costs and the seller’s minimum acceptable price;
3. No Language Barriers – Buyers and Sellers can participate from anywhere in the world that has access to the Internet and in their own language.
4. Intensity of Social Interactions – The social interactions involved in the bidding process are very high as the bidders wait in anticipation hoping to “win” and many bidders bid primarily to “play the game” rather than to obtain the and product;
5. Large Number of Bidders – Online auction sites attract a large amount of traffic making them an ideal place to capitalise on readily available, widespread exposure for your product and/or company. Because of the potential for obtaining highly valued items at a relatively low price, the broad range of products and services available, the ease of access and the social benefits of the auction process, there are usually a large number of bidders;
6. Large Number of Sellers – Because of the large number of bidders, the potential for a relatively high price, reduced selling costs and ease of access, there are usually a large number of sellers;
7. Network Economies of Scale – The larger number of bidders encourages more sellers which, in turn, will encourage more bidders, which will encourage more sellers etc. in a virtual spiral. The more the spiral operates, the larger the system becomes and the more valuable the business model becomes
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