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Is the ebay fee increase actually good for business

Is The eBay Fee Increase Actually Good For Business?

Much of my email from readers this month concerned the recent announcement from eBay that it will increase many seller fees on February 18, 2005. Since many business people use eBay’s online store system as their primary ecommerce point of sale, it’s no surprise that most of the emails I received were of the angry variety.

One email in particular caught my attention because it urged me to visit a website to sign an online petition protesting the fee hike. The email directed me to http://www.petitiononline.com and upon further investigation I found that 22,548 digital signatures had already been collected (as of this writing).

Thank goodness not all of them had my email address.

This will be the fifth rate hike in as many years for the auction giant and should really come as no surprise. Price hikes are a normal course of business. It was the size of the hike that has many sellers upset.

The rate hike involved the following fees:

  • A basic eBay Store will now cost sellers $15.95 a month, a 60% increase from the current $9.95 a month.
  • Closing commissions on most items sold through eBay Stores will increase by 50 percent.
  • Gallery photo fees will increase from 25 to 35 cents.
  • The Buy It Now fee will jump from a flat fee of 5 cents to 10 cents for items priced over $10 and 25 cents for items over $50.
  • Final value fees will rise from 5.25% to 8%.

Many of the emails I received pointed out that small sellers are making very little profit as it is so the increase in fees will only serve to drive these sellers completely out of the eBay business. Some sellers accuse eBay of purposefully trying to run them off, but I doubt that’s the case. eBay has no reason to drive away the small sellers, but that realization never occurs to those who feel they are being priced out of the market.

Not everyone is too concerned over the fee increase. Jim Cockrum, eBay Powerseller, publisher of “Creative eBay Selling News,” the world’s largest newsletter on creative eBay selling, and author of one of the best selling eBay books of all time “The Silent Sales Machines Hiding On eBay” has other opinions.

“I don’t see the eBay fee increase as a bad thing,” Cockrum said in a phone interview. “I actually see it as just the opposite – it’s a good thing because eBay is eliminating my competition for me. Who leaves eBay when eBay increases seller fees? It’s not the customers (or shoppers). They don’t go anywhere since they aren’t affected. Only a handful of the weaker sellers leave eBay when fees go up.”

Cockrum recommends that sellers use eBay in non-traditional ways to build their online businesses so that future fee hikes will not have an affect on their e-business.

“Selling on eBay continues to be one of the more popular ways to make money online, though very few people are getting rich with an eBay business alone,” Cockrum said. “Many Powersellers don’t make enough profit to cover their costs. The key to really making money with eBay is not in selling items at auction, but to use eBay to drive customers to your other online ventures. If you do that, the rate hikes do not affect your bottomline nearly as much.”

Not everyone shares Cockrum’s enthusiasm. Many small sellers think the government or a regulatory board of some kind should get involved to help keep eBay fees in line. This probably won’t come to pass anytime soon, but who knows. I can remember when a little company called Microsoft had free rein before they killed off all comers and came to monopolize their market. eBay seems to be headed in the same direction.

The threat of regulation may be the reason eBay is now attempting to smooth the ruffled feathers of the miffed masses. eBay announced this week that they would give a one-time $15.95 credit to eBay store owners and reduce minimum listing fees for inexpensive items from 30 cents to 25 cents, effective immediately.

Too little, too late? Could be. Many sellers believe that eBay may be writing its own obituary with such stringent price increases and such little thought for the smaller merchant. The online petition predicted the long term effects of the fee increase to be:

  • Smaller sellers will stop selling on eBay and try to sell somewhere else online. They will never have the chance to expand themselves on eBay.
  • Larger sellers may consider starting their own online store or sell elsewhere.
  • Prices of auctions will increase. Buyers will turn back to retail stores. The idea of eBay is that you can find things cheaper there, even when adding shipping and handling together.
  • Discourage new sellers, decreasing competition (which is what the eBay market thrives on for pricing).

Only time will tell if the predictions come true, but for the short term many smaller sellers are closing down their eBay stores and moving up the street to Yahoo.com.

Here’s to your success!

How to approach selling your business

How to Approach Selling Your Business

So finally the time has come to sell the business.  After investing years of your time and uncounted thousands of dollars, it has become successful, providing for your needs and wants, and it’s time to enjoy the fruits of your labor.  Where do you start?

A good time to start thinking about selling a business is right after startup, when it shows signs of beginning to succeed and become self-sustaining.  Even if you are planning on bequeathing it to your progeny or a partner, it’s never too early to think about what will happen afterwards.

The first step is to take your time–selling a business is a complex process and you will only do it once.  Confidentiality is a necessity at this point, as word of an impending sale can cause repercussions among employees and business partners (suppliers, customers, etc.) alike.

Your position in the business is also a point to consider.  If you are the sole proprietor, the decision is yours alone.  However, if you are a partner or board member, selling your part of the business will involve more considerations.

Finding a good broker is worth any amount of time needed to locate one you are comfortable with.  Check the Better Business Bureau for any investigation history, and get referrals from fellow business owners or from industry associations like the International Business Brokers Association (IBBA).  This is a non-profit “trade association of business brokers providing education, conferences, professional designations and networking opportunities” (IBBA), as well as professional certifications and boasts over 1300 members.

Next, a professional appraiser should be consulted, as just like selling a home, a professional appraisal will give a fair value to begin negotiations with.  Keep in mind though, an appraisal is an estimate of the fair value of a business’ hard assets, and the market value of the business may be higher or lower, as a business is only worth what someone else is willing to pay.  

Determining major terms and price are issues that you are going to have to work out with your broker, but a few basic factors come into play: what do you want to get out of the sale?  Continuing salary?  Lump sum?  Stock options?  This is a step often overlooked until late in the negotiations, often to the detriment of the seller.

Financing the sale is usually about 90% left to the seller.  If you can’t or won’t be willing to cover the costs of the sale, it may not be a good time to sell.

Once you and your broker have located a buyer and agreed on a price, a Letter of Intent is drafted.  This letter outlines the terms and tentative price in a non-binding document and allows the buyer time to thoroughly investigate the business.  This process is subject to Due Diligence, as the onus of discovery is placed upon the buyer and buyer’s agent.     

After the discovery process is completed to both parties’ satisfaction, the Purchase Agreement is drafted.  This set of paperwork creates a formal agreement between buyer and seller regarding purchase price, terms, and other legal details.  Once the respective lawyers have finalized the details and complied with state law requirements regarding the sale, the Purchase Agreement is signed, closing documents finalized, and the sale is complete.  If everything has gone well, it’s time to breathe a sigh of relief and start planning what to do with all that free time!

How to hire the perfect dog walker

How to Hire the Perfect Dog Walker

I have a problem. I work all day and my dog Kettle sits cooped up inside all day. Do you know of any way to get my dog out of the house while I’m at work?

There is a simple solution to your problem. You can actually hire a dog walker to be your dog walking replacement while you are at work. Sometimes, a dog walker is more then just a necessity because many dogs that have limited dog-walking time become irritable. Dogs need to have daily exercise and human connection through dog walking. You may have even noticed your dog even acting out by chewing up your couch and favorite pair of heels when you are at work. In some instances, a dog in need of consistent dog walking will show aggression. This lack of exercise has let excess energy build up. Dog walking during the day is also necessary for many dogs because they simply can’t go a long duration without going the bathroom. You may be at work for several hours and this can be too long for dogs to go without relieving themselves and/or having a snack.

There are many things to consider when you choose a dog walker. Your dog is a member of your family so you need to go through many of the same considerations that you would when hiring a babysitter for your children. When hiring a babysitter for your children you normally look to family and friends for references. Do the same when you are looking for a dog walker. You can seek out references from friends that have dog walkers, your veterinarian, and dog groomer. They may know of individual dog walkers or dog walking services.

Make sure you find out if your dog walker has dog walking experience. Make sure that they also have a business license. Find this information and investigate it thoroughly. The last thing you want to do is leave your dog in the hands of someone that is unprofessional or may harm your dog. Feeling comfortable with a dog walker’s references is also necessary because you will need to give them a key to your home so they can pick up your pooch. They will enter your home for daily dog walking, so you must trust them like you would trust a babysitter.

Make sure you assess the services your dog walker has to offer. Will they provide special assistance to your dog especially if it is an older dog that may be blind or has arthritis? What types of care services will your dog walker provide in addition to dog walking? For example, will they also provide water and feed your dog? Will they then cleanup any dog waste? You need to understand the scope of services your dog walker is willing to provide. There are few factors to think about with regards to the actual dog walking. Will the dog walker walk your dog solo or with a group of dogs? A group of dogs may satisfy your needs, but this limits the amount of personal attention your dog can receive. You might have to pay more for a solo walk, but it could be worth the additional cost to keep your doggie happy.

For more information about Los Angeles doggie day care or even about Los Angeles boarding dog and espcially about pet sitting Los Angeles please click these links.

Job listings – the online lists stating job vacancies

Job Listings – The Online Lists Stating Job Vacancies

Where ever one goes, one can see that there are so many people in the search of a job. So many people who are qualified and

capable of a vocation but do not have one. Also, there are so many companies in the need of good employees, but are never

satisfied. The need is to have a one stop place where all vacancies can be made visible and jobs can be applied for at the

same time. The internet’s worldwide range has become a useful tool in making this facility possible and it is called job

listings. Now one might start wondering, what are job listings?

Job listings are online lists of job vacancies available in various companies even across various countries in a particular

job type. The question that arises is how to get these job listings? The answer is very simple, you just have to make an

account on one of the sites that supply job listings, this account will require you to post in your resume, whenever some job

vacancies come up that match your resume details, you are mailed a list of the companies offering the job along with job

description, location, and other necessary details. Do not forget to keep updating your resume on such sites from time to

time.

Such sites even list part time jobs, summer training vacancies, internship vacancies etc. Though the authenticity of these

sites should always be checked, there are many popular and trusted job sites that facilitate authentic job information and

are trusted by companies and people alike. Some of these sites are monster.com, naukri.com, shine.com etc. apart from job

listings; a good job site would have separate portals or links to other information that maybe helpful for people looking for

a job.

Like market surveys on company credibility, salary comparisons, tips on making a good resume, tips on how to be dressed for

an interview, how to prepare for an interview etc. job search engine sites also help in searching job boards, company

websites, professional associations with the help of the keywords provided by the account holder. This extra information not

just increases the service quality of the site, but also helps in making it more popular in the market.

Niche job search engines search criteria based jobs like field of expertise, position; industry etc. like greenjobspider.com

is a site that can list more than fifty green jobs in just a few clicks. Similarly, JobsOnTheMenu.com searches for jobs in

the hotel and hospitality business. LinkUp.com searches jobs on company websites. SEOJobsFinder.com searches for jobs with

SEO, social media, PPC and copywriting jobs. SimplyHired.com has a New Graduate Jobs filter that helps fresh college

graduates or final year students with limited or even no work experience to find jobs in their area of education and interest

that matches their experience level.  So now you know, with these search engines at hand the world is a much smaller place

and your dream job might just be a few clicks away.

Learn how to succeed with an inflatable castle business

Learn How To Succeed With An Inflatable Castle Business

A lot of individuals have the hopes of opening their own business so that they are able to be their own boss and decide how much they wish to make each year. The problem is that so many people will not do the right type of research that helps them to understand what kind of products individuals want to purchase. One that is very popular is the inflatable castle business.

Individuals will rent or purchase them for birthday parties, carnivals, and holiday gatherings. Kids enjoy them and it keeps them occupied for hours at a time. It may cost a good deal of money to start the business – but with the right tips and thoughts you may be making a decent profit during your first two years.

The first thing you should do is put together a budget that you should stick to. In this budget you must put down how much you will use for each inflatable castle, everyday expenses that will be made, promotional material, insurance policies, and other equipment you might need.

Choose the kind of blow ups you will be selling. It is best to have an assortment of sizes for both young and older kids to utilize. The castles will eat up a good deal of money – especially if you purchase the branded ones. Still, these will be what brings in all the money. No matter what you pick out be sure that they are all safe to use.

Once you have the merchandise you should advertise your business. Use fliers, bulletin boards, web sites, and news paper ads. Call people you know and ask them to refer people. Try to offer deals and specials starting off to bring in new customers. Be sure you let them know that you will deliver, deflate, and set up inflatable castles that they want.

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