Archive | January, 2008

Tags: , , , , , , , , ,

eBay Spin - Leak news of lower fees for sellers for weeks, then raise the fees

Posted on 29 January 2008 by Scott Pooler

Much has been written in recent weeks about the coming fee reductions for eBay sellers.

Market analysts and eBay sellers themselves recommended the lower fee structure and it looked as though eBay was listening. We have all read in many industry magazines and blogs about the new lower listing fees in the future... It was all spin...

eBay has taken on the panache of a high powered political campaign. Leaking stories about fee reductions and changes in search while a changing of the guard at the CEO position is orchestrated. This was and is a very nifty piece of politicly styled spin. It worked for awhile, but now the truth is out.

While auctions listed with a starting price of less than $1 will cost 15 cents in Insertion fees (down from the current 20 cents), eBay will no longer allow sellers to list items in fixed-price format for under $1.

  • Final Value Fees increases are larger than expected - more than offsetting the small reduction in listing fees.
  • Items that sell for under $25 are currently charged 5.25% of the closing value - this will be increased to 8.75%.
  • The FVF for items that sell for between $25.01 - $1,000 are currently 5.25% of the initial $24, plus 3.25% of the remaining closing value balance; this will change to 8.75% and 3.5%,
  • Store Inventory listing Final Value Fees will rise from 10% to 12% for items that sell for $25 and less.
  • For Store Inventory items that sell for between $25 and $1,000, the fees will be 12.00% of the initial $25.00, plus 8.00% of the remaining closing value balance.
  • Reserve fees will no longer be refundable if the item sells.
  • The Good News is.... Drumroll Please...Gallery Fees are no longer charged!

Will the reduction, small as it may be, of initial listing fees help your overall bottom line costs when the increase of almost 3.5% is added to your final value fees?  Even with the removal of a gallery fee, a 3.5% hike in final value may be hard to swallow.

We all will benefit from the initial reductions, but the compensation on the back end seems a bit extreme.

eBay sellers should always be aware of the value they receive from listing items on eBay while at the same time being aware that eBay is a business, and they are in the business to make money. We still feel that even with these recent fee changes, there is no better place to advertise your products and your brand than in an eBay store.  You may need to be even more diligent about how you go about doing this however.  Make sure you have tight controls on your eBay listing habits and know your cost per unit sold before launching any new eBay inventory.

For your convenience we have included all of the details of the new fee changes below. Please refer to these graphics as released by eBay today as the real fee structure moving forward.

Basic Fees

Insertion Fees Fixed PriceReserve FeesGallery FreeGallery

Final ValueFeatures

Comments (0)

Tags: , , , , , ,

Trading Assistant Journal - 10 Reality Checks for eBay Drop Stores

Posted on 27 January 2008 by Scott Pooler

If you're considering operating an eBay consignment store...or if you have a Drop store franchise already, you may want to read this... 

Running an eBay consignment business can be complicated, time-consuming and nerve- wracking…

As a business, selling on eBay is not the easy get rich quick scheme some would have you believe.  Initially setting up an eBay consignment business may sound like a ticket to easy street… 

  • What's better than selling other people's stuff and making a 40% commission from the sale? 

  • Having a retail store without owning inventory…

When one gets right down to the facts, its not that simple…

Read More on the Trading Assistant Journal

Comments (0)

Tags: , , , , , , , ,

Blogging & Blog Contests - Weapons in Your Marketing Arsenal

Posted on 25 January 2008 by Scott Pooler

Writing a blog for your company is an outstanding method for disseminating your message to the world and to attract new loyal customers for your brand.  Reaching Out To Customers

Blogging efficiently and wisely creates a conduit of information for your audience (potential customers) and there are few methods available either on the Internet or in traditional media matching the speed or effectiveness of this outstanding method of advertising. 

I could go on and on about the many reasons a blog for your firm is an initiative worthy of consideration, but this article is more about promotion of the blog after it is up and running.

When a blog is initially launched it is sometimes quite difficult to find readers for your message.  Making regular posts on the blog is the best method to get your message out because ultimately, good relevant content is king in the eyes of the search engines and your potential viewers.  Posting interesting and informative information with less of a sales pitch and more of a helpful and understanding tone is your best weapon in the blog arsenal for attracting and maintaining regular readership.  

There are other weapons available in the blog promotion arsenal.  Today we Blog Contestwill discuss blog contests.

What is a blog contest?

A blog or blogger contest is a method used to attract other blog authors to post articles and links from your blog or about your blog, company or event - on other blogs. 

These links and content ultimately add "authority" to your blog.  In the eyes of Google, Technorati and other search engines such as Yahoo or MSN, the fact that your blog was mentioned - or a link to your blog was added to another blog or website with similar content - makes your blog more valuable, and therefore it becomes ranked higher in the search engines. 

When your ranking is higher, your content gets noticed faster. 

Another more immediate benefit is the almost instant increase in traffic from the blogging community. They place posts in their blogs about your site and you quickly see the increased traffic from the readers of these other blogs.

How do you get other blog authors to write about you or your blog?

With an incentive, a prize or an outright lotto... Cash is always good, but may be seen a payment for links and therefore considered somewhat of a taboo in Google's eyes.

An artful and creative contest can inspire other bloggers to write good material for your benefit, but only if your incentives are interesting and sincerely delivered.

How will you find these other bloggers to enter your contest?

When you first initiate a blog for your company, the first task after launch should be a systematic campaign to join and be accepted by social blog networks. These subscriptions will take time to develop, but once you are accepted in the communities like Mybloglog and BlogCatalog and others, you can begin to form relationships with the other members of the community. 

Over time, a certain amount of these other bloggers will join your neighborhood in the community because they want you to join their neighborhood.  Some bloggers do this for a sense of community, while others do it more to spam the other members with a daily barrage of linkbaiting.  I suggest your goal is to remain far to the left of linkbaiting and somewhat to the right of the social butteryfly...

Save your messages to the community for attaboys and sincerity until your have a serious reason to use the collateral you may have built up in the interim.  Do not start out your relationship with the embers of these communities with an instant "Hi - Nice to meet you - HERES MY PITCH"....

Be calm cool and casual until you have a contest to offer.  This approach will be more effective because the other members of your community will have more interest in your contest if you do not band them over the head every day with a pitch for your blog, your latest article or your best product.

Blogging is a more social way to market your business goals and ideals.  You can not apply the old tried and true mass-marketing tactic in a blogging environment.  "Easy does it" is the way to attract readers (or hits) which increases your rank and then can ultimately lead to sales.  Using a blog as the open end of your long tail sales funnel to direct your readers to links of your products - without selling them with an obvious pitch - is an art which can take time to develop. 

Using blog contests to jump start the stream of readers into your funnel is a very good weapon in the blog promotion arsenal. Use it wisely and judiciously...

Sample Blog Contest: (Running now on our Trading Assistant Journal Blog)

  

Announcing a special blog contest... Write & Win!

Simple & Safe to enter!

If you own a blog,  you may enter.  If your blog topic is eBay or eCommerce related - even better!

What is it?

A simple contest with judging based upon the most original and entertaining yet clean post written.

What to Write About?

The contest is based upon new and original posts describing TAWC - The As Was Conference

Main Page Here: TAWC Registration Link Here: TAWC Registration

Write about why eBay sellers and/or small business people should attend this conference. Include links to the main page, the registration page and/or my post describing the conference.

There is a great deal of content available recently regarding all of the changes in the way eBay is doing business so you should have plenty to work with.  TAWC conference attendees will get the best and most accurate information concerning these changes and how to adjust to them.

What Do You Get for your Words?

1st Prize Winner receives choice of:

  • Auction Bytes.com 25k impression ad space ABAdvertising Link Donated by Debbie Levitt of As Was
  • or Registration for 2 to attend The As Was Conference in Orlando (Travel and Accommodations Not Included)
  • Plus 125x125 Advertising spot for your blog (restrictions apply) On this site for one month.
  • Plus:1 hour of eBay marketing consulting time from your choice of experts (Debbie Levitt or Scott Pooler)
  • Plus a Link to your blog of choice on As Was and All Business Auctions Or The Trading Assistant Journal blogs. (Restrictions Apply - No Links provided for unacceptable format or negative content sites)

Second Prize:

  • Full Site/Blog review with recommendations for SEO improvement and graphic design element improvement or adjustments if necessary.
  • or ... One Free Registration to attend TAWC (Airfare & Accommodations not included)
  • Plus 125 x 125 ad spot on the ABA blog for one month. (Will not run concurrent with first prize winner)
  • or 1/2 hour of eBay marketing consulting time from your choice of experts (Debbie Levitt or Scott Pooler)
  • Plus a Link to your blog of choice on As Was and All Business Auctions Or The Trading Assistant Journal blogs. (Restrictions Apply - No Links provided for unacceptable format or negative content sites)

Third Prize:

  • Reduced price registration to TAWC (1/2 price) - (Airfare & Accommodations not included)
  • or 1/4 hour of eBay marketing consulting time from your choice of experts (Debbie Levitt or Scott Pooler)
  • or 125 x 125 ad spot on ABA blog for 14 days.
  • Plus a Link to your blog of choice on As Was and All Business Auctions Or The Trading Assistant Journal blogs. (Restrictions Apply - No Links provided for unacceptable format or negative content sites)

Details:

Posts should be a minimum of 250 words

Posts must be clean and original

No Copy and Paste of previous articles or other blog posts

Posts must include links to the main page, the registration page and/or my post describing the conference.

Posts may include graphics and or video

Posts must not be on a explicit or pornographic site

Contest is only for bloggers who post the most unique (and clean) post describing TAWC and promoting registration...

Post the TAWC review/write up/article in the next 5 days. Deadline Monday Jan 28, 2008 at Noon GMT

Send a link to your review/write up/post to: service@allbusinessauctions.com

Judging will be based upon originality, quality and uniqueness of each blog posting and will be reviewed/judged by three experts in Internet marketing and copywriting.

The winners will be notified via email. (So send in your email address please)

Get The Word Out!

Get the word out about the conference and we will reward the top three bloggers with the prizes listed above. Prizes will be awarded to three different people posting on three different URLs so make your post count!

We appreciate any participation and will be pleased to discuss the contest or prize package details with you.

Contact Scott Pooler 727-596-6900

Skype: allbusinessauctions
Yahoo Messenger: allbusinessauctions
email: service@allbusinessauctions.com

eBay Stores Designed for Cross Selling and Conversion: eBay Store All Business Auctions
eBay "me" pages designed to drive traffic to your website - Custom eBay "me" Page


View Scott Pooler's profile on LinkedIn


Join My Community at MyBloglog!

Comments (2)

Tags: , , , , , , , , , , ,

eBay Stores and e-Commerce Website Choices – Build it in-house or hire a professional?

Posted on 23 January 2008 by Scott Pooler

When you've made the decision to get your products online via eBay and/or your own eCommerce website, what is the next step?

Questions

First Question: Build it in-house or hire a professional?

Yes, you can build your companies eBay store and website with talent already existing within your organization.

Website design is taught at most high schools or community colleges these days - chances are good that your employee pool may have budding web designer talent lurking deep within...

The next question is... are you ready to trust your company marketing and image to this untested talent?

eBay provides numerous tools and a great deal of information for anyone to accomplish the task of getting a store up and running.  The quandary is… does eBay provide these tips and tricks to help your as a business to thrive or to help their business prosper? Obviously, if you are a seasoned business professional you will soon realize that a company such as eBay does nothing without a reason.

Most of eBay’s teaching tools and to a certain extent, eBay’s entire growth strategy is based upon making the process of setting up an eBay selling account and consequently an eBay store easy for home based businesses. eBay wants mom & pop to go garage sale shopping with an eye towards making a few extra bucks for the cookie jar. To that end they want to get mom & pop up and running with an eBay store as soon as possible (and funneling fees into eBay). Just because eBay has based a majority of their marketing focus on home based businesses does not mean that an eBay store is not a valuable asset for any established brick and mortar retailer or other “real” business concern. eBay is simply going after the largest number of potential users of their products.

Unfortunately this also leads to numerous eBay store failures... ebaystores

These home based eBay store owners do not have the prior background, sources or resources to take advantage of the world wide marketing giant and revenue producer now known as eBay. Therefore, while getting your company eBay store up and running may seem to be an easy in-house task for any intern, or kid just out of college with a great computer science degree... the real nuts & bolts set up and operation of an eBay store or e-commerce solution or both in tandem (the best option) is better left to professionals who work with eBay and e-commerce each and every day. If you are reading this because you are interested in moving your business more into an Internet sales based program you should consider the wisdom of hiring eBay and Internet marketing professionals to help you and your company get a head start toward those goals.

Still Thinking About Doing it yourself?

Building an online business requires ability in several completely different arenas: graphic design, programming, database development, Web design, copywriting, photography, and online marketing. This is just a short list of what is required to start from scratch or to add Internet marketing to your sales operation. If you have these skills in-house or if you plan on learning them yourself, please take this advice to heart.

Make a list of your employees’ available skills as well as which skills they can learn. When you have a choice between learning a skill that will directly translate into making more money for your company or learning a skill that will let you do cool stuff on the Web, make a careful choice. Decide how much time you really want to devote to learning and doing things that really don't help you sell more products. Do you want to be an online retailer, or do you want to be a Web developer? The highest and best use of your available time & resources probably isn't learning the ins and outs of XHTML, but taking care of customers, finding new products, and promoting your business.

Making it Happen

Anything you can do yourself on a website design or to a eBay Store can be delegated or outsourced. You can hire eBay Stores Certified design professionals to design your eBay store from the ground up, create a custom logo, develop a corporate identity with unique colors and fonts, build your store product database, take product photos, write sales copy, perform search engine optimization on your site, custom-build XHTML templates that do almost anything you want them to do, and even manage your orders and perform customer service. It all depends on your budget.

After you've decided that you need help, you have lots of choices to make. The first decision is the size of your budget, which determines who you can hire. You can find prices for "building a eBay Store" that range anywhere from $300 to $5,000 and up. You can get a bargain using offshore designers (working anywhere from eastern Europe to India), college kids, or even professional designers moonlighting out of their basement. If you want a more "professional" experience, expect to pay up to $15,000 for a complete branding, marketing, and design package from top-drawer eBay store and Internet marketing firm. Both your web e-commerce site and your eBay store should present your branding and image as you expect them to. Getting the eBay image and your website image to mesh almost seamlessly is your goal, this can be quite difficult for even experienced web designers.

WordpressHalo Using a CMS or Content Management System type of website design can significantly reduce your web design costs. There are a huge amount of new and exciting options available for web development, do not think you must use a "hand coded" html site to get your branding and image in front of the public. Some companies are even using simple blogging platforms like Wordpress or Typepad as the basis for corporate websites. These blogging platforms are very inexpensive to set up and the software is free. These CMS or Blogging platforms may also be used in conjunction with an eBay store or a with an eCommerce plug in (or both) to craft a unique Internet marketing funnel for your company. typepad

You get what you pay for

eBay store designs from the good design companies run between $2,000 to $5,000. eCommerce website designs sometimes run in the tens of thousands of dollars with continual maintenance costs and webmaster fees. If your budget makes you choose between the two options, an eBay store is the more economical and faster route to success when managed correctly.

The best part of an eBay stores set up is that once it is installed as you want it, you have very few outside maintenance costs. Your company will have complete control of the products presentation (with the use of a template) and the inventory management is a simple to learn affair on eBay. Advanced tools are available to help with the management of large inventories and to help you create a listing just as you would within a word processing program or text editor.

When you get a quality eBay Stores design, sometimes the results are more than just superficial. Qualified designers improve the shopping experience, which can dramatically increase sales from your existing traffic by increasing your conversion rate. Also, many designs, when set up correctly improve the way your site looks to search-engine spiders, too! (This is the power of an eBay stores “me” page and other exclusive features and benefits of eBay stores packages).

After you determine what parts of the store building process you can do and what you can't do or would rather not do, you're ready to look for some help with the heavy lifting. First, you have to decide what type of vendor you want to work with because there's a big difference between working with a freelancer or independent consultant and working with a large design company or ad agency:

eBay Stores certified design specialists StoresDesigner

eBay Stores certified design specialists (certified eBay stores designers) provide the best overall experience. Your company will get the personalized attention it deserves and you will know that the design is based upon eBay marketing principles. Look at the portfolios of these certified eBay stores designers and decide which firm best represents your companies’ image. Stay away from home based eBay stores designers with frilly eBay templates and flashy bouncing mouse pointers. You should be looking more for a corporate image that sells product and more importantly, cross sells more products for your company.

Look at the online stores you frequent in your daily life, think about the type of image and features you would like to emulate for your eBay store. Look at the designer’s portfolios and or ask them if the features you think are most valuable are available in their design packages? Some eBay stores designers can deliver very advanced packages designed to promote more than one primary product at a time. If you are looking for growth in your Internet sales segment, these are the designers to contract with. Talk with several designers to find the one you are most comfortable with and the one who you think will represent the image of your company best with an online design. If the same designer can also develop your off eBay website e-commerce design, you should place that designer high on your list of candidates.

Having a web presence for your company which flows from eBay to your own website with the same “look and feel” is very important. Your goal should be to make your customers feel confident in your products and your company. If you (and your design company) have made an effort to create a nearly seamless shopping experience between eBay and your own e-commerce website, the confidence of the buyer will increase and your conversion rate will as well. Drawing eBay shoppers to your website from within eBay is not only possible, but very probable with a eBay store design done correctly.

Ask your prospective design firm the right questions and you will know immediately if you have made the best choice.

Example Questions:

  • Are you a certified eBay Stores Designer?
  • Do you have examples of cross marketing designs?
  • Can you create an eBay stores design which matches my existing website or can you create an e-commerce design to match your eBay stores design?
  • Is SEO important for eBay?
  • How important is a eBay about me page?
  • Do your templates appear correct on all of the major browsers?
  • What kind of changes can be made to the design after your job is complete? (Can I offer a special sale item in my template?)

If your chosen designer is not informed in these questions you should look further. Not every eBay or Internet design firm has the necessary skills or background to help your company effectively cross-market your products. Find the right design firm which will give your firm a solid foundation from which to grow and prosper in the new world of Internet retailing.

Comments (0)

Tags: , , , , , , ,

EBay CEO Meg Whitman to Retire - Bye Bye, Miss Meg

Posted on 22 January 2008 by Scott Pooler

Bye Bye Meg...

We all know Meg has had some critical press in these recent years but she has weathered the onslaught with grace and style.  What do you suppose will be the result of Mr. John Donahue's ascension to the throne? I am enthusiastic about his background as head of the Auction business in eBay's vast empire... Things might be a bit more unsettled if it were looking like the head of Skype were set to take the reins... I think John Donahue will bring a more focused direction to the core business of eBay. (Selling Products and promoting Auctions)

For now let just wish Meg well.  I am sure she will be just as busy as before, what with all of seats on all of those boards of directors to occupy...

The following content are excepts from other sources as Noted:

EBay CEO Meg Whitman to Retire

Martyn Williams, IDG News Service Tue Jan 22, 9:30 AM ET

EBay CEO Meg Whitman is planning to step down from the company she has led for the past 10 years, The Wall Street Journal said Tuesday.

Whitman has been delegating more tasks to deputies over the last few months and is expected to decide on her retirement in the coming weeks, the newspaper said quoting "people familiar with the matter." John Donahue, who leads the company's auction business, is the leading candidate to succeed her, according to the newspaper.

EBay, which also operates the PayPal payment system and Skype Internet telephony service, is due to report earnings for the fourth quarter Wednesday. The quarter includes the traditionally-strong year-end holiday period and estimates see eBay reporting earnings per share of US$0.38.

The company reported a net profit of US$1.1 billion in 2006 on the back of US$6 billion in revenue. For 2007 eBay expects revenue to jump to US$7.6 billion.

EBay CEO set to retire, report says
WHITMAN WORKING ON HER SUCCESSION PLAN
By the Mercury News
Article Launched: 01/21/2008 11:39:21 PM PST

Meg Whitman, president and CEO of eBay, is preparing to retire, according to an article the Wall Street Journal posted on its Web site late Monday.

In the past few months, Whitman, 51, who has led eBay since March 1998, has been delegating more daily responsibilities to her subordinates and is completing a succession plan, the Journal reported, attributing the information to "people familiar with the matter."

A decision about her departure could come within weeks, though the situation "remains fluid," the Journal reported.

John Donahoe, 47, whom Whitman recruited in 2005 to become the president of eBay's auction business unit, has emerged as the leading candidate to succeed her, the Journal reported.

EBay is scheduled to announce fourth-quarter earnings today.

As recently as 2004, she has denied rumors that she planned to step down. That year, she told a Goldman Sachs Technology Investment Symposium in Phoenix that she was having fun helping the company grow in the United States and internationally and had no plans to leave.

"I think it is one of the best jobs in America," she told investors gathered for the conference.

But, she said, her tenure might not last through 2008 because of her belief that one shouldn't stay in such jobs 10 years.

Whitman, who habitually appears at or near the top of lists of the most powerful women in the United States, has been the very public face of eBay since before the company went public. She also is one of the highest-paid executives in the valley, earning $11.1 million in 2006.
Recently, she has emerged as a supporter of Republican Mitt Romney's bid for the White House, hosting a fundraiser for the former Massachusetts governor in her Atherton home last year.

Attempts to reach eBay Monday night for confirmation of the retirement report were unsuccessful.

Comments (0)

Advertise Here
Advertise Here

About The Publisher & Featured Web Partners

Try an eBay Store

Contact Us on Skype

Skype Me!
Skype Me!
Chat with me
View my profile
Leave me voicemail

Published by:

Ten Golden Rules of Internet Marketing