Online Marketing Bulletin
28th July 2010
In today’s Online Marketing Bulletin
- I’ll have a few of those endorphins please
- Is this the end for EBay
- Master the Internet Basics
Don’t miss out on Your Endorphin Rush
I’ve just been to the gym, which in itself is an achievement because lately I have been incredibly lazy and have used all the excuses in the book to avoid going, only to feel guilty later.
My gym is great it is run by the local authority, exceptionally well equipped and used by a wide variety of people. Youngsters trying to develop that first set of muscles, a few, more senior clients, seeking trimmer shapes, and a group under going rehabilitation exercises but what put me to shame was Ted a 75 year old gentleman lifting weights, cycling and jogging and with a smile on his face.
One common factor was that they were all working hard, obviously at different levels, but there was a real commitment from every one and of course there was a reward at the end – The Endorphin Rush.
Endorphins are chemicals produced by the pituitary glands during exercise and they resemble opiates in their ability to produce a feeling of well-being. They are also known to act as natural pain relievers.
I can personally vouch for this feel good factor that a good session of exercise produces and enjoying my “rush” a little later I was able to draw parallels between my gym colleagues and business colleagues. Put simply the greater the effort a person puts in the greater the reward, be it endorphins from the gym or financial rewards from your business.
I will definitely be back at the gym tomorrow, I’ll see if I can keep going longer than Ted.
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Is it the end for EBay
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EBay has recently come under attack from some quarters for the raft of regulations being introduced which many claim are aimed to discourage individuals from trading and in a December 2009 article from Mail Online by Sean Poulter he states that “Fixed price sales overtake auctions as Tesco brigade muscle in”. His full article is reproduced below.
It made its name as the online auction site for amateur traders where you could bid for a bargain and offload those unwanted items from the loft.
But 14 years on eBay has been swamped by big retailers.
For the first time, auctions have been outnumbered by straight sales at fixed price Tesco is selling returned and reconditioned items such as iPods at below the High Street price.
Argos is doing similar, while Littlewoods offers ‘clearance’ bargains through eBay.
Many small businesses have used the marketing possibility of eBay to sell online. And they have been so successful mainstream retailers are moving into the market.
They allow customers to find items at a cheap price without having to go through a time-consuming – and potentially frustrating – auction.
Some 56 per cent of global sales on eBay are made at a cost predetermined by the seller.
The arrival of the major names has caused some antagonism among the small traders who feel their ability to reach customers is being trampled on by powerful multi-national brands.
At one time, the idea of competing in web auctions in search of a bargain was an innovation and fun. However, some buyers have become bored with having to spend so much time watching items and upping their bids to beat off rival purchasers.
Consequently, this group is offering to buy items on a fixed price basis because it is simple and quick.
Paolo Pescatore, a technology industry analyst at CCS Insight, said: ‘People want predictability. For an item that’s been available for five days, you’ve submitted a bid on the first day, and then been pipped right at the post, it is annoying.’
Richard Kanareck, of eBay UK, said: ‘Ten years ago auctions were fun…Ten years later that’s so commonplace that people want it to be quick, easy and mainstream.’
The website is seeing more internet auctions. However, the pace of growth has been outpaced by an explosion in the number of fixed price purchases.
According to Nielsen, the market research company, about 18 million people in Britain visit eBay every month, making it the top e-commerce site in Britain.
The website makes huge profits through taking a small commission from every item made available for sale, although the recession has recently dented its income.
The brand has, however, been tarnished by revelations that criminal gangs have targeted the site.
Scams can include the sale of fake goods and fraudsters who ‘pay’ top prices with banker’s drafts that turn out to be worthless.
Around 18 million people in Britain visit eBay every month. It remains the country’s favourite ‘e-commerce’ site.
Read more: http://www.dailymail.co.uk/news/article-1234840/Is-end-eBay-Fixed-price-sales-overtake-auctions-Tesco-brigade-muscle-in.html#ixzz0o8KAIPsf
Make what you will of this article but what we cannot ignore are the success stories. Let’s take a look at some of them.
Over ten years ago Mark Radcliffe earned £7-an-hour working at Tesco, he is now a multi-millionaire. He owns a Ferrari and an Aston Martin, and runs a 10,000 sq ft warehouse in Merseyside. The business has grown to become one of the biggest sellers on eBay.
He started selling mobile phone accessories then computer accessories and the business just escalated; he was able to build his business without having to lay out a great deal of money. “The internet means that virtually anyone can succeed in business,” he said.
Jane Williams, the Online Retail Manager at Sense Trading could see collector’s items being donated to shops that weren’t getting all the money they were worth. So she decided to sell through the eBay for Charity programme. By working closely with local shops and carefully organising all the logistics, Jane has turned Sense Antiques and dress*sense into thriving online operations.
Then there is Cathy a Chicago business woman who used her knowledge of diving to book vacations for fellow divers and the word quickly spread. She opened Visibility Unlimited specialising in diving equipment and when the economy took a downturn started selling on eBay.
In the first three years of trading on eBay Cathy experienced unprecedented sales and worldwide growth. Cathy is now selling over 250 items per month on her eBay Store, many to repeat customers and referrals. Overall, Cathy says that although she’ll never give up her brick-and-mortar store, her eBay Store is more successful. She’s selling more items-and much more quickly. “Dollar for dollar, eBay Stores is still the best value out there.”
Julie King, from Newcastle, gave up her job as an IT consultant after she found she could buy and sell designer shoes and handbags on eBay for a profit. Her eBay business, Killer Heels, has made over £6,000 a month buying shoes and bags from wholesalers and selling them on eBay.
Whatever the multinationals choose to do I am sure we will continue to hear of success stories connected with eBay because it does provide a unique opportunity for entrepreneurs. Not everyone on eBay is going to become a millionaire, but many still make a profit whether selling personal items on eBay or from running a full eBay based business.
Your biggest challenge will be finding plenty of low cost products you can sell at a profit, but why not start by clearing out the attic or garage apparently, over a quarter of a million British households have more than £500 worth of abandoned kitchen gadgets stored away
Starting an eBay business can be lucrative if done properly, take a look at the reviews at this official eBay site, http://reviews.ebay.co.uk/ dust down your unwanted goods and start making money.
Good luck.
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Master the internet basics
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Are you of a certain age and struggling with the intricacies of the internet, or do you know someone who is, then help is at hand. “Internet Made Easy For The Over 50s”, published by Which?, is the perfect guide for those who want to understand not only the basics of the internet but also want to discover how to make better use of the information they can find there.
Assuming no prior knowledge, step-by-step tutorials and screenshots will ensure that the basics are mastered quickly – from connecting to the internet to contacting others – and on to the best methods of searching on the internet, how to find the information you want, booking online, various online activities, and how to stay safe online.
Top tips feature throughout the book as well as ideas for next steps to take in discovering the internet, and jargon busters explain technical language throughout. And if you still need help, this book includes exclusive access to the Which computing helpdesk.
Some of the topics covered in the book include:
- Connecting your equipment
- Surfing basics and how to stay in touch
- Finding accurate information
- Buying, selling and banking online
- Social networking and blogging
- Keeping your online identity safe
For a copy of Internet Made Easy for the Over 50s, visit http://www.which.co.uk/books
I hope you enjoyed reading Online Marketing Bulletin.
See you next time
Russ Turner
Online Marketing Bulletin
helpdesk@onlinemarketingbulletin.com
Disclaimer: It is my intention to be as accurate in fact detail and comment as possible. However, I cannot be held responsible for any error in details accuracy or judgement whatsoever. This eletter is produced on this understanding.