Jul 21

An eBay store is a tremendous sales channel for any Internet retailer. The traffic alone makes it more than worth the small price tag. But many eBay sellers dont avail themselves of the impressive line-up of marketing tools eBay supplies, and miss the chance to increase their exposure and improve their sales. States Rebecca Shapiro, co-founder of eBay store consulting service, http://OasisConnect.com, I see very few sellers tapping into all the resources they have at their disposal. If you choose to use them, eBay gives you all the tools you need to brand, optimize, and market your business.

Room for Improvement

Even if your eBay business is already doing well, you can affect a big difference in your bottom line with just a few small adjustments:

Use your eBay store to advance your brand.

A big part of branding is creating a recognizable image; so when you set up your store, you want it to make sure it reflects your off-eBay web site. Besides choosing your colors and adding your logo, you can put in your own HTML code to create a very branded store that effectively identifies your product and your business.

Make the most of eBays free SEO tools.

EBay makes it easy for you to rank in the search engines. Their stores are already optimized all you have to do is enter the keywords you want to rank for. By strategically employing those keywords in your descriptions, and your category and store listing titles, you can show up in Google keyword searches and market yourself to the entire online world. Posting eBay reviews, guides, and blogs also lets you create content-rich, optimized copy, which further drives your visibility in the search engines.

Keep yourself in front of your customers.

Its important to remind your customers that youre there. Thats why eBay gives you the ability to create newsletters, and to send out five thousand emails each month, at no extra cost. But many eBay sellers with sizable customer lists dont understand how powerful these customer retention tools are, and miss out on a prime marketing opportunity.

Use the power of the discount.

Markdown Manager is a sales tool that allows you to mark items in your store from five to seventy-five percent off, for one to forty-five days. Sellers have collectively reported that the sales icon has been a valuable vehicle for driving traffic and boosting sales.

Get smart about your listing strategy.

The most common marketing tools on eBay are auctions and fixed price listings. Your store acts as your warehouse or web site; your auctions and fixed price listings are there to make it easy for people to find you. At ten cents a listing, you can carry items in your store for thirty days, and theres no limit to the product quantity you can put under each listing. By using auctions primarily to drive traffic to your store, you can place more inventory for less and, in the long run, save money on eBay fees.

Even huge companies like Sears, IBM, and Best Buy are seeing the potential of eBay as a sales channel. If its important for such large retail chains, its certainly important for your home-based E-Biz. Says Shapiro, EBay has so much to offer, and if youre willing to put in that effort and utilize the tools they give you, youre really going to experience the benefits. Its a great way to learn and a great way to start.

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Nov 14

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Pay more than the required payment (make extra payments in the manner your lenders prescribe so you don’t lose out because of computer errors, etc.) focus on your highest rate debt first.

Bi-weekly payments are an excellent means to pay extra principal almost painlessly if your paydays are weekly or bi-weekly, and if there are no fees involved, and if you deal with a reputable money handler. A person who pays of the required monthly payment bi-weekly makes the equivalent of 13.051 payments in an average year. The person who does so, pays the loan off early, and pays significantly less interest especially on a mortgage loan (a person who pays a payment bi-weekly can reduce a 30 year mortgage by more than 7 years, and save many thousands of dollars in interest). If you wish to match the bi-weekly advantage, but still make monthly payments, multiply your required monthly payment by 13.05 and divide by 12. Pay that amount each month.

Highest rate debt first. If you have several debts, pay as much as you can on you highest rate debt and the minimum required payments on your other debts. As you pay off one debt, add the amount you were paying toward it to your next highest rate debt, and so on.

Often times, this technique is much more effective and efficient than refinancing even at a lower rate.

If you receive a pay raise or a bonus, apply most of it towards any debt that you have. You already know that you can live without the extra money. Put it to good use and draw down some debt.

If you have the opportunity to work some overtime, use that money to help pay off your debt. Consider taking a second job to earn some money to help pay off your credit card debt.

Clean out your closets and have a yard sale or sell on eBay. Take the profit and pay off that debt.

Cut every corner that you can. Make your lunch at home and bring it with you to work. Skip the coffee, soda or candy bar that you normally have every day.

Throw your change in a jar at the end of the day. Every month put the money in the bank and use it help pay off your debt.

Go an extra week or two without that haircut. Dont go out to the movies (or at least cut back). Cancel your cable subscriptions.

If you have a home phone and a cell phone, get rid of one (I cancelled my home phone years ago).

Look around. I am sure you can find ways to cut back and save an extra hundred or two hundred dollars each and every month. Use this to pay down that debt and get out of the hole.

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