Sign up for PayPal and start accepting credit card payments instantly.

Monday, September 18, 2006

How I use paypal


Paypal is the greatest thing for online sales. It allows the average person to accept payments for a nominal fee and sell anything worldwide.

Since I started accepting payments using Paypal, I have always had a cautious eye. To help prevent any shady dealings between my Paypal account and my personal savings account, I opened a new savings account at my local bank. This new bank account is a simple savings account. This is the only account on file with Paypal, it is the account I use to transfer money to and from my Paypal account.

Lets say I withdrawal funds from my Paypal account into this savings account, after the transaction completes (usually three business days), I login to my bank and simply transfer the funds from my Paypal-specific savings account to my regular savings account.

This way in the event there is a person at Paypal that tries to clean house, they will only get the minimal amount I have lingering in this 'buffer' account.

I must add, I have NEVER had any issues using Paypal, nor to I ever expect to. There is no harm in being a little careful.

7 Steps to easier shipping on ebay


Shipping can be one of the easiest portions of the transaction if you are prepared. I prefer to ship everything through the US Post Office via Priority Mail. Main reason, the boxes, tape & maililng labels are all free from the Post Office.

For packing materials, you can use newspaper or save the packaging materials from items you buy online or from the office.

Source: market-day.net - John Lenaghan

It took me a lot of trial and error to figure them out, but the following 7 steps will help make your job easier when it comes to shipping, as well as get rid of the stress of waiting for the item to be delivered to the buyer.

1. Professional Wrapping


When you wrap your item(s), wrap it professionally in nice, clean tissue paper. If breakable, be sure the item is wrapped with bubble wrap as well. Include a business card with your website information, name, address, or a printed statement showing the item(s) name, item(s) number, price paid, and a small hand-written note thanking the buyer for their purchase.

2. Insurance


Insurance is usually a good idea but in general, it should be an optional feature, with the decision left to the buyer. Remember two important things about insurance. First, insurance is VERY inexpensive. Therefore, in your description, you should state how much insurance would cost and recommend it. Second, you should also state in the description that if insurance is not purchased, you are not responsible for lost or damaged items.

3. Weighing

In order to provide accurate details and help in determining shipping costs, you need to know exact weights. The best option, which will save you many unnecessary trips to the post office, is to purchase a inexpensive quality scale for weighing your packages.

-- I priced postage scales and actually found the best value in the 10 pound max scale at your local US Post Office.

4. Postage

Instead of always running out of stamps or having to run to the post office to ship a smaller item, fill out the information located at stamps.com where you can print stamps directly from your home computer.

Another option is using Paypal to buy postage and print the shipping label all at once.


5. Post Office Freebies


If you use the Priority Mail option through your post office, they will provide all your supplies for free. This includes boxes, labels, and tape. Best of all, they deliver all these supplies directly to your door. Get them at your local post office or go to USPS.com request mailing supplies.

6. Ship-To Locations


Be sure to consider where you will ship to carefully. You will have buyers from around the world but you can limit where you will ship. Some people prefer to ship to the US, Canada, and European countries while others ship anywhere. The option is completely yours but keep in mind that there are some differences in how you wrap the package, the currency exchanges, and communication barriers between you and the buyer.

7. Delivery Confirmation

Unfortunately, some buyers will try to say they paid for an item but never received the auction item(s). When shipping, you should consider using delivery confirmation. This service is generally inexpensive and can end up saving you a ton, especially if the item(s) is higher priced.

Do yourself a favor and put these tips into action - you'll save yourself both time and hassles. Use the time you save to get more listings up, and watch your eBay income grow.

Monday, September 11, 2006

10 Tips for Selling Products on eBay

September 11, 2006


This information was taken from an article in Top Tech News.

1. Set the starting price low (except for items you expect little interest in)

Low starting prices stimulate auction traffic and get early bidders psychologically invested in the auction, leading to more completed sales and higher final prices.

2. Use reserve prices with caution, especially for low-priced items

When using a low minimum bid, nervous sellers sometimes set secret reserve prices to make sure their item doesn't sell for less than the item's true value.

3. Use photos in your listings.

Listings with photos receive much more traffic than listings without photos.

4. Don't flood the market

If you're selling multiples of an item, space them out, rather then selling them all at once, says Ku -- that's simple supply and demand at work.

5. Spell-check

Misspellings decrease the amount of traffic an auction receives. Note for buyers, including misspellings in your search criteria can expose some auctions that are not seen by most shoppers. This can net some nice deals to the savvy buyer.

6. Hype it up

Ku and Murnighan suggest that inserting blatant puffery like "This shirt is hot!! A must-have for the summer!!" into low-starting-price auctions could stimulate interest better than more straightforward listings, and possibly even raise final sale prices.

7. Hold longer auctions

Researchers from the University of Arizona and the University of Michigan found that longer auctions tend to fetch higher prices.

8. Don't end auctions during "eBay happy hour"

Though it might seem counterintuitive, a University of Pennsylvania researcher found that auctions ending during peak hours on eBay are actually 9.6% less likely to result in a sale.

9. Charge for shipping -- but not too much

Bidders don't pay much attention to shipping costs when placing bids, say professors at UC Berkeley and Hong Kong University of Science and Technology.

10. Avoid negative feedback

A Bentley College researcher found that sellers who have even a few positive reports are more likely than sellers who have no history to receive bids and to have their auctions result in a sale.

Click HERE to see the entire article

Monday, September 04, 2006

What is Paypal?

According to the paypal website, PayPal, owned by eBay, is a global online payment system. PayPal is a convenient, easy-to-use, and secure way for individuals and businesses to send and receive money online for goods, services, charitable donations, and so forth. It's also a full-service operation that provides front-end and back-end solutions to increase growth and revenue for merchants.

Paypal offers a very convenient way for sellers to accept instant payments in all forms, cash, check and even credit cards, for a nominal fee. This allows sellers to received immediate payment for their items which helps to ensure a quick and secure transaction.

Paypal offers a few types of account options which are perfect for any type on online business, from the ebay seller that posts items for sale once in a while to full shopping cart systems for your online business. Here is an example of an online retailer that uses the Paypal shopping cart system - Truck Techniques LLC

ebay resources

Whether you are new to ebay or a veteran seller, there are a few resources on ebays website that can be assistance. Ebay calls it their Community Resouces

Here you can find the answers to any question related to buying and selling on ebay. From fees to strategys, fellow ebay members as well as ebay staff members logon to help one another.

I urge first time sellers to visit the discussion boards and search for answers and post questions you may have.

Saturday, September 02, 2006

What is ebay?

Ebay is the self proclaimed 'World's Online Marketplace'. It was founded on September 4th, 1995 by Pierre Omidyar, a computer programmer. Rumors state it was originally created to help Pierre's fiancee trade her PEZ candy dispensers with others around the world. This was found to be fabricated in 2002 in The Perfect Store: Inside eBay a book written by Adam Cohen and confimed by ebay.

You can read a very detailed listing of ebays history on Wikipedia.org