Proper timing on eBay maximizes your bids

Proper timing of a listing is very important to profit from your e-bay bidding.

 

Why?

 

Sellers spend lot of time preparing their listings with correct key words and proper descriptions. Most of them do not understand that they need to consider about timing and traffic flow. EBay traffic is not continues as expected. It differs from time to time, day by day and also by season to season. If you list your items for auction, and if the auction closes before a peak visitor time, you are not going to profit as you expected.

 

Understand when to list.

 

Items listed for seven days on a Friday, will close on next Friday closing time. Your items listed on Monday for three days, will close on Thursday.

 

List your Auction to end during a peak time or in a more constructive time. You are likely to get more visitors if your listing time is lengthier. Most eBay visitors search several times a weak. They do not buy at one go, instead they bid at the last moment of the auction ending time. Most bids are placed during the last thirty minutes. Your listing will also appear under “closing soon” section so you are likely to get more bids.

 

Peak time daily, is between 8.00PM and 10.00PM.  Speaking of peak visitor time weakly is during Saturday and Sunday. Most buyers by during Sundays between the times mentioned above.

 

Listing your item on Saturday to end on Sunday between 8.00PM and 10.00PM will reduce your long listing fee.

 

Why 8.00PM and 10.00PM?

 

According to research, most visitors from Eastern Time frame, brows auction sites during 8.00PM and if considering Pacific Time, it will be during 10.00PM. So if you list geographically, this will help you to decide the ending of your auction time.

 

 

                                  

Catalogue interoperability

This post relates to my previous post about “why you should have a catalogue”. 

 

Supplier Hubs is a supplier managed hosted catalogue interoperability service. They aggregate mass data from supplier catalogues, clean and decode those data into standard of other catalogues. After decoding, resellers can access supplier catalogues in a standard format.

 

Some resellers have complicated procurement systems that can access supplier data. Catalogue item master file will be automatically picked up and data will be arranged according to the reseller’s system instantly.

 

As a supplier, you can host your own catalogue and let your buyers access it online. This can also be automated.

 

 

 

 

Why should you have a catalogue?

A supplier’s catalogue is the central location for numerous other business activities inside an establishment. If you are a business selling computer accessories, without a catalogue it will be impossible to operate. Data of all the accessories and stocks you have is in the catalogue. You also need a catalogue to access the list of suppliers and their prices.

 

The problem of catalogues

If your business is a small supplier, creating and selling a specific variety of products in which you have specialised and take pride of, and you have two main customers who buy from you in bulk. They are your biggest customers. Your business relies on their buying your products.

 

Your biggest customer decides to put into practice, an electronic trading system. They send a letter to all of their suppliers, telling that, within a given time frame, all of their suppliers must be system compatible with their new proven practise. That means, you must provide your catalogue data in accordance with the customers given format.

 

You are now afraid of loosing your largest customer; and you invest several thousands of your capital designing an e-catalogue that complies with the customer. You still communicate with the other customer via fax and phone.

 

Meanwhile the second customer decides to create a new e-buying plan and you will be informed that they too will be requiring you to create your e-catalogue compatible to their system. Their system is different and cannot comply with the system you have with the first one. Now you are shattered and will have to make a very difficult choice. 

   

If you say no, you will loose an important percentage of your sales. You are not able to say ‘yes’ either. Now you will have to invest a significant portion of your capital to make a catalogue matching to the second buyer.

 

Sometimes they will again require you to keep an additional list of your product records on their own systems through a hosted solution. This is not possible, with you constantly updating and re – keying your product details. It will be a nightmare and lot of errors are bound to happen.

 

So for this, comes a solution. ‘Catalogues must be able to interoperate’.

 

 

 

 

Join the E-marketplace

Small businesses that plan to sell their products or services online, must consider a range of issues before they start their E-commerce plan.

Some businesses according to their requirements minimize their involvement by joining the e-market place, where another business will purchase their products and sell it for them.  That means, if you have services or products to offer, another business will purchase them from you and sell it for you.

You do not have to worry about your marketing campaign. More buyers you connect to, more business you make. What you have to do is, send your product to the buyer’s destination or provide your service according to the buyer’s requirements.

There are many e-market places having various business strategies. They might act as arbitrators. E-marketplaces offer services such as business directory listings and Electronic catalogues.

Top market places to join are those that tender low cost financial accounting systems and connect with other market places.

 

Happy blogging.

 

Independent e-marketplace

Buyer-oriented e-marketplace

Supplier-oriented e-marketplace

 

 

 

 

 

How to use and eCheck with PayPal

You can use an eCheck with PayPal to make payments over Internet. The only disadvantage is the recipient will see your order as unclaimed for about three days.  In order to do a transaction via this method, PayPal will need to verify your bank account. For this you have to sign in for a PayPal account.  

Log in to your PayPal account and click the Send Money option. You will be directed to the form below. 

paypal.jpg

Enter the recipient’s e-mail address or phone number. Be specific and use the area code. 

Put the amount in the Amount box.

Use the preferred currency

Then click the option for: What you are paying for. 

Click the continue button 

Enter and check your order number and message.  

You will have the options to pay with your PayPal account or eCheck.

Select eCheck option. 

Complete the transaction.  

Your Recipient will be notified by e-mail and if they do not have a PayPal account, they will be prompted to create one and your money will be deposited automatically in their account. 

Happy blogging.  

Advantages of an E-Check

As I stated in my earlier article, E-Check is an electronic version of a paper check. E-Cheque writer writs the check using electronic means and gives the check to the payee. Payee then deposits the E-Check, receives credit and the payee’s bank clears the E-Check to the paying bank. Paying bank validates the check and charges the check writer’s account.

E-Checks can be handled by all account holders large or small. Other payment options are too risky for an average person doing small business. E-Checks can be used with existing checking accounts and can be initiated using variety of hardware and Software applications.

E-Checks are based on the Financial Services Mark up Language (FSML) and have strong digital signatures. These checks are based on secure hardware tokens such as smart cards and contain digital certificates to use in banking and business practices.

E-Checks have the highest security so that even breaking the cryptographic protections would not allow fraudulent transactions.

In future E-Checks will be more popular with customers because of the easily understandable nature, easy to process and extremely safe nature. E-Checks fall under the legal framework because banks are providing the leadership, controlling the process and payment mechanism.

Why use an E-Check?

Electronic Check is the safest payment option via Internet today. No matter how many convenient banking and payment options out there today over Internet E-Check is the safest. Although we talk about an E-Check very rarely, it is a core competency in the banking industry.

An E-Check eliminates the need for expensive processing. It works in the same manner as a paper check with few manual steps. Most important factor is the High security compared to other payment methods.

An E-Check can be used by any one who has a checking account in a bank. This is a way of convenient transaction for small businesses that have little access to electronic payment systems.

An E-check provides the same information as a paper check and it is based on the same legal framework as a paper check. E-Check can be linked with unlimited information and exchanged directly between parties. This can be used to do all the remote transactions that a paper check does today.

Small businesses that have websites can use E-Check and PayPal together offering more options to the customer. I will be back with more information with my next article on E-Checks.

Until then, Happy Blogging.