Online Auctions are a great place to have some fun, buy/sell and make money as you do.
I am totally addicted to making money from the Online Auction scene
This blog is a place where I can share my learnings and also rant, rave and praise all aspects of the auction scene.
After the latest round of changes and studying the impacts it has had on my sellers account it seems that Ebay’s attempt to move to the BIN format (Amazon Model) seems to be working, the one bid auction seems to be the norm…
Simple statement:
“Has Ebay Burst their own Bubble….”??
Simple statement really, after the recent feedback changes how do you define feedback?
“A pat on the back and a business promoter”
or
“A kick in the teeth and a business cost”
How about offering your Ebay buyers the option of “Buy Now and Pay in 90 Days”?
Would this help your sales?……. According to a study conducted by Northstar Research Partners commissioned by PayPal, 56 percent of PayPal users are more likely to purchase from a retail site if a PayPal deferred payment option is available.
Well as of now you can, as long as you are selling on Ebay.com (I presume it will get rolled out to Ebay.co.uk et al later as all initiatives tend to). The service, automatically integrated into the Ebay checkout process, will allow the seller to offer flexible buying options to the buyer even if the buyer doesn’t have a Paypal account. The Paypal Pay Later service can be used on purchases between $50 and $1,500 (at the moment)
Just because the buyer doesn’t pay for 90 days doesn’t affect the seller as they get paid immediately…
Could this set you apart from the rest of the sellers in your niche?
What about using it as a tool to drive additional sales to put the purchase price into the price bracket to qualify for the 90 day payments? Add on sales heaven :o)
Thoughts??
The majority of sellers will have noticed that their feedback scores have changed now that multiple purchases count towards their scores, however unless you are buying from EBay to you probably have not seen the below image :
Do we hear the community groan?
Will we see the feedback issues rear their ugly heads like most sellers feared?
Have Ebay basically said, do what you want to with feedback nothing will come back on you?
I guess only time will tell….
