Acquire Exclusive Rights

Believe it or not, it isn't difficult to get exclusive rights to a product. You don't even need up-front money. Probably the easiest way to do this is to get an exclusive on a method of distribution. What does that mean Good question. Let's say that you invent the Fancy Gizmo Super Spud Peeler, patent it and find a company to sell it in grocery stores. A year later, along comes Eli Entrepreneur who wants to promote this great peeler through mail order. Eli agrees to a five-year agreement with...

Unethical Activities

I see myself as a professional auction seller, and I suggest that you view yourself that way, too. It is in our best interests to keep our auction community clean and safe for all. Therefore, it is our responsibility and privilege to report any unscrupulous activities that we see, even if we aren't directly involved. For example Suspect Feedback Feedback is designed as a protection for honest buyers and sellers, a way to forestall problems and keep all the players honest. Do not allow...

Carry Out Due Diligence

Major news bulletin Rushing out to buy something without knowing what you are doing is not smart business If you are investing in a five dollar book, simply to get a feel for the auction process, it's no big deal. But it is still important to follow due diligence. Once you learn the process, not only will you not make serious buying errors (or not as many), you will also learn how to be a more powerful seller. Here are the key elements 1) Item Description -- Obviously it is the buyer's...

The Joy of Drop Shipping

Many auction sellers are surprised to find out they can sell merchandise they don't own, may never see and best of all, definitely don't have to ship. There are many companies who will drop ship items for you. What exactly is drop ship It is a sales strategy used by many businesses, especially small companies. These are often the companies who can't afford ads on the Super Bowl or infomercials that run several times a day. They don't have a large sales staff and they can't afford large spreads...

Your Own Product

Auctions are a great way to easily get the word out about your product. Let's look at how one seller does it effectively. He uses a Dutch auction to sell a neck cream that is supposed to reduce wrinkles. The cost of the cream is 3. What's his plan 1) Promote the Product's Value -- The seller carefully promotes the value of his product. He claims that the normal cost is 240 per session. What a bargain and it's only for eBay customers Our Gtorelo Mlan Count)it Siu'ctoi hove developed a new...