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.

 

 

 

 

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

 

 

 

 

 

Plan ordering methods for your website

Everyone is not an experienced web surfer. Provide your customer with simple instructions on how to order products. Provide step by stem instructions on how to use a shopping cart.

Instructions on using a shopping cart

  1. Click Brows Catalogue to view the product categories
  2. Click on the category you want
  3. You will be taken to the Product List page
  4. Find the product(s) you want and change the quantity if ordering more than one
  5. If you want to order other products, then click “Add to Basket” button
  6. Click the “Browse Catalogue” link again
  7. When you have finished adding items to your shopping basket, click the “basket contents” to check your order and make any changes.
  8. When you are ready to process your order, click the “checkout” and type in your address information
  9. Click the “Submit Order” button.
  10. Next page will add the shipping charge to your order and will show your total charge.
  11. Type in your credit card information on this page
  12. Click the “Submit Order” button again to complete your transaction.
  13. To clear your order, click the “Clear Order” button.

I have composed a short article and will be back with more options for shopping in my next article. Until then please answer my three questions and I will include a link to your blogs with the answer to my three questions.

E-Commerce Challenges

Although most companies are anxious to develop an e-commerce strategy, they also have to be informed about possible pitfalls. There are both advantages and disadvantages in e-commerce.

Challenges faced by most web developers are creating a website that would keep the customers on the site until they make a purchase. If the Website is difficult to navigate, products are not described well, and Forms are not easy to fill out. Links are broken, pictures take too long to load or have disappeared; harder it would be to keep the customer. A website that keeps the potential customer entertained is called a sticky website.

Although starting involves some expenses, a brick and mortar store will benefit from a user friendly website and the website will gain recognition to the business not only locally, but round the world. It will be open 24 hours a day and every day. Online presence is an advantage for any business to be recognised.

Traditionally many businesses operate as middle men between a business and the consumer. Agents, brokers, and sales representatives are all examples of middlemen. Authority of these middlemen are fast being made obsolete because consumers can go directly to a company’s web site and purchase products and services without help from an agent or other intermediary (disintermediation).

Intermediation is not going to finish yet. While traditional intermediaries are made obsolete, a new kind of cyber intermediaries that could not have existed before the internet has immerged. Cyber intermediaries include auction sites, payment – processing sites, and web site store front services.

When a website displays a Buy it! Button and a customer clicks on the button, credit card information is processed by an online processor company and the vendor pays the processing company a transaction fee. This is a Cyber intermediary


For E-Commerce, There is no world wide standard established yet. From a vendor’s point of view, a website is an advantage to advertise worldwide. A website can reach narrow market segments regardless of location. E-transactions can reduce costs related to processing orders. Internet presence can streamline business operations by incorporating business to business transactions and form virtual communities.

High start up cost is a disadvantage. Difficulty of keeping data current and upgraded can be another disadvantage; this becomes more when there are few available trained employees. E-Commerce transactions are sometimes difficult to combine with current systems. Language barriers might cause difficulty in doing transactions. Government tax regulations are different from country to country, and it always is confusing. Identifying a world wide standard is the main solution to these problems.

Instant Messaging

MSN Messenger, Yahoo! Messenger, Windows Messenger, Skype and many other types of instant messenger tools have now become a powerful productivity enhancing tools for many enterprises. In a few years time these instant messaging tools will be used by employees and enterprises more than e-mails as a base of communication via Internet. Of course most of these messengers are free of charge.

Benefit of using messengers over e-mails is that your e-mail can be ignored by the recipient while instant messages take place in real time. They offer real time monitoring and participants can see who is online and who is away from the desk whether you are communicating internally or internationally.

There is no effective way of preventing spam e-mails, instant messaging tools allow users to customise their preferences and accept messages only from contacts. Sending and receiving messages take place in real time and also only after the recipient at the other end has agreed to receive the file. You can send files in a similar way to e-mail attachments here.

You can hold conferences over the web no matter where ever your contacts are. Instant messengers allow you to communicate using voice and video. You can invite your business contacts to participate in discussions at a set time and you will experience the real value of it. Conferencing this way is cheaper and very effective. This will save your telephone and travel costs.

These instant messages can be a wonderful tool for employees in a workplace. They can swap messages; ask questions in a collaborative team environment which is more effective than e-mail messaging.

The disadvantage is; one instant messenger is not compatible with the other. A better way of performing is downloading all of this software and using them with your contacts preference. You will find almost all of your contacts do the same. But in an office environment it is different. In an office environment one such software is used. These are ideal for small enterprises than a corporate environment. With the use of instant messaging, there is a possibility of transmitting viruses. It is advisable to ensure your virus protection software is up to date and overall security measures are taken and improved to work with your messenger tool. Yahoo! Messenger has advanced features such as encryption of messages, control of user access and advanced logging and archiving features.

When you use these tools you have to be careful that you do not provide your important information to anybody via instant messengers. Never include you credit card information, bank details and any passwords in your messages. Do not give any of your personal information that you do not wish the public to know. Choose a user name to identify yourself. Always customise your settings to accept messages only from your contacts. Keep your messages pleasant, short and to the point. Never use messengers for big decisions and agreements. If you are in business, always start your instant messaging software when you start your computer and set it as “busy” or “away” when you are not able to respond to messages.

Software like Yahoo! Messenger can be used by outsourcing businesses and freelancing. If you are a freelancer; you can talk with your client and set your working hours. If you are charging for the hours worked, Yahoo! Messenger can indicate the hours and your client can monitor you working on his or her project at a given time. If you tell your client, “I will be working on your project at this time of the day”. They know your hours worked is correct and you can develop their trust.

It is advisable send big decisions, important agreements and sensitive information via Fax, e-mails and letters than instant messaging.

Investing online

This article is related to my previous two articles ‘Investing your profits’ and ‘Doing research on safe investments ’. Now that you have done the preliminary preparation and research, it is time to invest.

It is advisable to invest in different sectors. Do not invest all your money in one sector or one company. Main reason for this advice is due to certain circumstances, if one sector goes down, you have other sectors that are secure. Your research will now tell you what companies you should try to invest. Allocate certain amount of money for your investments from profits. Try small and when you are an expert in this field, you can start big.

Select your preferred ratio limit. Companies within that limit will appear. Look at the prizes per share and think what shares are worth buying for. For example if you buy some shares in a number one company for a big amount per share, you can only buy very few shares and you will have to pay a transaction fee. Your expenditure for investing in shares will be the amount you spend to buy the shares plus the transaction fee. If you buy Thirty five shares for thousand dollars plus transaction fee; you will have to wait for a long period to reap the profits because when you sell your shares also, you will have to pay a transaction fee. If you calculate this, it will show you whether you are going to get a profit or loss after your targeted years for the investment. So think about companies with low share prizes where you can buy at least thousand shares.

Share prizes rise and fall due to various reasons during certain months. This might be because of the factors affecting certain industries. Companies paying dividends usually lower their share prizes after paying dividends. In the company information, you can find the dividend date listed if the company pays a dividend. This is a good time to buy. Indicators also predict the likely fall in value of a share. Target this time and quote for a possible low prize what you think a share value is likely to fall. You can cancel your order at any time before the transaction takes place. Once the transaction is done you cannot take it back. You can give your broker the option of direct debit and credit to your account or transaction via cheque. According to your instruction your broker will do the transaction and will inform you by a receipt. Keep the information of the transactions you make in a separate file well organized because you will need them for tax purposes and they are the written material that you need to assess your shares worth.

If a company pays a dividend they will have two options for you. You can have either your dividends re-invested or paid to you every time they pay their dividends. If you are investing for a long time, it is worth to opt for the dividend re-investment scheme. Some companies give you special prize reductions and benefits for dividend re-investments. Meaning of dividend re-investment is; that you invest your dividend in some more shares of the company. For example: if your dividend amount is twenty Dollars, and the company share prize is ten Dollars, the company will invest your money in two more shares. So the numbers of your shares grow and so is the worth of your dividend.

You can calculate what is best for you according to the amount you invest and the tax you have to pay for dividends. This might vary according to your needs and preferences.
Invest in different sectors like real estate, Industrial, Mining and mineral, Banking and Insurance. Always keep a vigilant eye in the sectors and companies you have invested. Listen to Finance reports and read financial reviews. Companies will send you their financial reports. But you have to be an independent observer. You are the person who is investing and you are the person liable also. Reward is, you gain your independence in choosing your own companies according to your needs whether they are long term or short term. If you invest in mining and mineral or companies that rise and fall rapidly, you have to keep an every day watch out. This way you can reap a quick amount of cash when you need instant cash.