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Archive for May, 2008

Did you know that eBay will help you locate products you can buy cheap, then flip for a quick profit? No? Then listen up, because I am about to let you in on a little known feature of eBay that can literally stuff wads of cash in your wallet in less than 24 hours.

This is an eBay tool that I use every day to locate products that I can buy and resell or buy cheap and keep for myself and my family. And the great news is you can use it, too.

What is it? It’s eBay’s Saved Search feature and you can use it to start making money tomorrow.The Saved Search feature that will let you set up a saved search criteria and eBay will let you know when an auction that matches your search criteria has been posted.

Let’s say you’re on the lookout for a Pete Rose card to complete your collection. You could troll eBay every day on your own and to see if anyone has listed such a card or you can set up a saved search and make your life a lot easier.

Here’s how it works….

Got to eBay.com and sign into your account. If you do not have an eBay account all you need to do is set up a free buyer’s account.

After you’re logged in, type in your search criteria into a search window. For this example we will type in Pete Rose. Click submit and you will get a page of search results that match your search criteria.

At the top right of the search results listing you will see a link labeled “Add To Favorites.” Click the link.

On the next page you will see “Create a new search” or “Replace an existing search.”

If this is a new search select the “Create a new search” button, give this search a name (the search term you used will be in the Search Name box by default, in this case “Pete Rose”).

You can select to receive a daily email if there are new items listed that match your search criteria.

Click “Save Search.”

Now you will receive an email every morning with new items that have been listed that match your saved search criteria.

If the search term Pete Rose is too broad you will receive notifications for every auction that has the term “Pete Rose” in the title or description. You can always narrow the saved search by adding “Pete Rose Card” or something more specific. Just don’t get too specific or you may miss items that you’d be interested in.

How can you use the saved feature to make money on eBay?

Easy, you set a saved search to let you know when something has been listed for sale that you might buy and sell for a higher profit. For example that Pete Rose card might have been listed by someone who is willing to sell it cheap or doesn’t know its real value. You could buy the card, make them happy, then sell it for a higher price yourself. This is how commerce works, folks. You buy cheap, you sell high.

Let’s look at another example. Let’s say you have an eBay shop that sells designer shoes. Naturally you would want to know when someone else lists designer shoes for sale because they may be a competitor you need to monitor or just an individual who has a closet full of designer shoes to sell cheap.

You set up a saved search with the keyword “designer shoes.”

Each time an auction is posted with the term “designer shoes” in the title or description, eBay will let you know.

You can immediately check out the auction and if the shoes can be scarfed up and sold for a higher profit, you made money.

I think you would be amazed at how many Powersellers are using this secret TODAY to find merchandise they can buy and flip on eBay.

You should do the same.

Here’s to your success!

Tim Knox

If you’d like to learn about other ways you can profit with eBay please visit this link: http://www.dropshipwholesale.net/powerseller-toolkit.php

Small Business Q&A is written by veteran entrepreneur and syndicated columnist, Tim Knox. Tim serves as the president and CEO of three successful technology companies and is the founder of DropshipWholesale.net, an online organization dedicated to the success of online and eBay entrepreneurs.

Related Links:
http://www.prosperityandprofits.com
http://www.smallbusinessqa.com

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Designing and creating your own website does not have to be a laborious effort that takes weeks to complete. Instead, in less than 9 minutes you can have your web site designed and up and running as long as you have a host located and know what you want to upload to your web page. Just follow these tips to get your web page online and attracting customers today.

#1 Host

Granted, you can spend a couple of minutes to find a host, but if you already have one in mind then you will save yourself time when starting to build your web page. There are a lot of free hosts out there which only require that you sign in, have your URL approved, and start building your site.

#2 Upload

Now that you have spent approximately 2

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Do you know how to get the numbers you need to accurately evaluate the performance of your company’s website? Before selling one of my early sites, I had no idea.

In the late 90s I had a web site I’d developed that was getting well over a million ‘hits’ and over three hundred thousand ‘page views’ a month. When ZDNet approached me about buying the site. I thought I’d hit the jackpot and that it must be worth tens of millions. Before we even started negotiating on price, though, they wanted to run a test on my site by adding code to the homepage so they could do their own evaluation.

The numbers I had been tracking, hits and pages views, didn’t help them determine the value of the site. Hits are the number of individual gifs and items that load each time someone visits a page. Page views tell you how frequently different parts of your site are being seen, but you could have a large number of page views triggered by a small audience.

ZDNet wanted to put tracking code on my homepage to determine the number of ‘unique visitors’ to my site. This would tell them how many visitors I was attracting per month and what percentage of these were unique visitors; new visitors who hadn’t already been to my site or visited one of their own sites.

The more ‘unique visitors’ you are attracting to your site the better, but you could attract a zillion visitors a month and it wouldn’t help you at all if none of them contacted you or bought from you or at least clicked on the ads on your site. The key question in evaluating your web site’s performance is:

What percentage of site visitors take the action or actions you want them to take, whether it is subscribing to your newsletter, emailing you, calling you to inquire about your services or making a purchase?

To evaluate your site’s performance first look at your web usage statistics to identify the number of unique visitors your site receives each month. Once you have this number, divide it by the number of people who took the action you wanted them to take. This is your site’s ‘conversion rate’ and is the second number you want to look at each month to determine how well your site is performing.

Let’s say that you had thirty thousand unique visitors each month and generated 30 sales. Your conversion rate would be one-tenth of a percent. If you generated 300 sales, your conversion rate would be one percent. A 1% percent conversion rate is a healthy rate for most businesses on the web.

If you offer a free newsletter, your objective is to get as many people as possible to sign up for it, to maximize your conversion rate. While you may only get 1% of people to buy your products during a given month you should be able to get 5-15% of site visitors to give you their contact information so you can stay in touch with them.

Want to increase your web sales?

1. Increase the number of unique visitors to your site.

2. Get more people to contact you and buy from you.

Track your conversion rate as a first step to identifying where and how you can increase your online profits.

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