Why you have to sell through Amazon and eBay

There’s a very simple reason why you would want to sell through Amazon and eBay if you want to succeed in online retail. Amazon and eBay are where the customers are. During the third quarter (May, June, July, and August of 2014), Amazon sites had 168 million visitors a month in the United States alone, according to the Statistics Portal, Statista. Statista’s data also showed that eBay attracted 111 American million visitors a month. There simply is no other website in the United States or Canada where you will be able to make contact with that many customers. Not one of the other sales platforms that will let smaller retailers conduct third-party sales attracts that kind of traffic.   Secrets from a Manhattan Broker: Things Your Rental Broker Doesn’t Want You to Know by Alex Zane Coleman. $9.99 from Smashwords.com Looking for an apartment rental in Manhattan is undoubtedly a frustrating experience. Having to deal with lying brokers, fake ads on Craigslist, and bait and switch tactics, most apartment hunters find themselves in a desperate state filled with many unanswered questions. This book provides answers to those questions and more, helping you to save time, money, and most of all, your sanity!   The Best Online Real Estate Basically, eBay and Amazon have staked out the best real estate online, and in retail of any sort, location is everything. The great thing about these giants is that they are willing to let you sell through their prime locations. Walmart and Costco would not let you come into their stores and sell used books, but eBay and Amazon will. Amazon and eBay’s numbers also show why setting up your own online store is now a dumb idea for most sellers. There is no way you will be able to attract that kind of traffic to your website. If you set up your own online store, you would have to pay for website design and hosting and invest a fortune in advertising to attract a tiny...

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A Few Reasons Why You Should be selling through Amazon and eBay

The minute you start researching online retail, you will probably discover dozens of websites, blog posts, and forum posts bashing Amazon and eBay. You will probably also see all the horror stories about high fees, eBay rules, Amazon rules, etc. The best piece of advice I can give you is to ignore them because there currently is no good alternative to Amazon and eBay for the small seller in the United States and Canada. Unless you have several thousand dollars to invest in a website and retail operation, you will have to deal with Amazon and eBay. Something else to remember is that most of that anti-Amazon and anti-eBay propaganda is being spread by people trying to sell some sort of alternative to them, such as a prepackaged online store. Do not listen to them. Most of their solutions will cost more than Amazon and eBay and not attract one percent of the visitors you would get through Amazon and eBay. More reasons why you should concentrate on Amazon and eBay sales include: Statista reported that Amazon had 168 million visitors a month to its U.S. sites during the middle of 2014.   Statista also reported that eBay attracted 111 million visitors to its U.S. sites. The volume of merchandise moved by third-party vendors through Fulfillment by Amazon increased by 65% in 2014, according to Tech Crunch.   Selling through Amazon and eBay is the best education in online retail that I know of. You will learn basic skills, gain lots of insight, and make money at it. If you do decide to try elsewhere, the systems will be basically the same, so you will know how to use them.   eBay can give you a substantial discount on shipping, which can save you money.   Services like Fulfillment by Amazon and eBay’s Valet and Global Shipping Program can save you a lot of time, which is just as important to an entrepreneur as money, if not more so. Customers are already familiar with...

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eBay Is Now an Acquisition Target

Investors and online retailers need to pay close attention to the situation at eBay (NASDAQ: EBAY) right now. The online marketplace is getting ready to spin PayPal, its payment solution, off into a separate company. That should concern us because PayPal generates around 44% of eBay’s revenues. eBay reported a TTM revenue of $17.9 billion on Dec. 31, 2014, of which $7.786 billion came from PayPal. Get the picture, folks; without PayPal, eBay’s value and revenues drop by nearly half. That puts eBay in a very vulnerable position because its other business, the online marketplace, has only been growing by around 1% a year. Most of the revenue growth at eBay is coming from PayPal. eBay could survive without PayPal, but it would not grow very fast without the payment solution. eBay Has Lost Its Momentum If eBay wants to remain relevant and regain its momentum, it will have to restructure its business in a big way. eBay’s core business is no longer growing; it is facing aggressive competition from rivals like Walmart (NYSE: WMT) and Amazon.com (NASDAQ: AMZN). Much of Amazon’s recent growth has been driven by third party sales and its Fulfillment by Amazon (FBA) operation. VentureBeat estimated the value of Amazon’s third party sales at $17 billion in 2013. Tech Crunch reported that the volume of merchandise moved by Amazon’s FBA business increased by 65% in 2014. Since third party sales are eBay’s core business, you can see the problem here. eBay is trying to restructure its core business by offering a solution similar to Fulfillment by Amazon. For those of you unfamiliar with it, FBA is a service in which Amazon warehouses, packs, and ships merchandise on its website on behalf of customers. The problem is that eBay’s answer to FBA looks like too little too late; its Valet service is limited, and it is not clear if eBay has the resources to match Amazon’s capabilities. eBay’s Future as an Acquisition Target Despite its lack of momentum, eBay has two...

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What is the Difference between Amazon and eBay?

Mar 08, 15 What is the Difference between Amazon and eBay?

Posted by in Amazon, eBay

Understanding the difference between eBay and Amazon is critical to success as an online retailer or bookseller. Even if you are not selling on these sites, they are your biggest competitors, so knowing how they work can enhance your business. Both Amazon and eBay are online marketplaces and third-party sellers. A third-party seller is an entity that serves as a middle man between the customer and the seller. It makes its money by taking a cut of the final sale. The big difference between Amazon and eBay is that Amazon is a retail market and eBay is a wholesale market. A retail market sells goods directly to the largest possible customer base at a fairly steady price, while a wholesale market sales goods to a specialized customer base at the lowest price possible. Wholesale marketers usually sell to professionals, dealers, and hobbyists, while retailers sell to everybody. A good way to think of Amazon is that it is a giant retailer, such as Walmart and the grocery store operator Kroger. Like those behemoths, Amazon is in a wide variety of businesses, including third-party retail. eBay, on the other hand, is more like a thrift store or a dollar store. It sells a much smaller selection of goods to a much smaller market.   How to Use the Difference between Amazon and eBay to Drive Profits You can take advantage of the differences between Amazon and eBay to generate profits. Those differences determine which books sell best on each site. Specialized and collectible items, such as old books and comic books, sell best on eBay. Items with a strong mass market appeal, such as bestselling fiction from the last 10 or 15 years, sell best on Amazon. The reason for this is the difference between the shoppers.   Celebrity Authors’ Secrets – The World’s Greatest Living Authors Reveal How They Sell Millions of Books by Stephanie Hale. $12.99 from Smashwords.com Twelve of the world’s greatest living authors reveal their tips for writing a book that...

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Estate Sales: Your Best Source of Books

People sometimes ask me where is the best place to buy used books at a really good price. My answer, without hesitation, is estate sales. An estate sale, for those you who are not familiar with them, is a sale held to dispose of the contents of a home. They are called estate sales because they are usually held after somebody dies, but they can also be held when people downsize or move. The major difference between an estate sale and a garage sale is that an estate sale is usually staged by professionals. There are companies that specialize in such sales and auctions. A garage sale is usually held by an individual. The reason I like estate sales is that you can often find a lot of books at them for a really good price. The books are usually in good condition and clean. You can also find lots of other bargains at such sales, including furniture, electronics, and decorations.   Estate sales are really easy to find; they are listed on Craigslist and at websites like estatesales.net. Many estate sale companies will even list the contents of what they are selling and post pictures online to look at, which can make your job a lot easier. Tips for Successful Estate Sale Picking If you are going to be serious about buying used books, you’ll need to start going to estate sales. Here is a list of tips that can help you succeed at estate sales: Bring cash. Few estate sale operators take credit cards and some do not take checks. Some of them will also give you a discount if you pay in cash.   Be willing to haggle for what you are buying. Estate sale operators only make money when they sell. So always be willing to ask for lower prices and bulk rates. If you do not like the price, be willing to make another offer. For the best selection, try to come as early as possible.   Be respectful....

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