Selling through Auction MarketplacesWritten by Nowshade Kabir
Consumers are increasingly feeling more comfortable in buying products through Internet. According to a report released recently by Department of Commerce first-quarter retail sales rose 23.8 percent to US$ 19.8 billion in United States from US$ 16 billion a year ago. E-commerce sales during first quarter of 2005 rose 6.4 percent from fourth quarter of last year. Forrester Research estimated that 2005 online retail sales will increase at a pace of 22 percent. Today, a third of all households in US make at least one purchase online within a year, a figure which will grow to almost 40 percent by 2009, predicts Forrester. As a seller, this strong growth of online sales means that you have to put considerable stress on your Internet sales endeavor if you are not doing this as yet.
According to statistics compiled for Internet Retailer Top 400 Guide, top retailers in 2004 garnered combined online sales of more than US$ 51 billion, which accounts for 58.3 percent of all US Internet sales. The growth in online sales is quite impressive for large retailers. J.C. Penny Co. Inc., for example, reported a 35 percent year-over-year rise of online sales in May, 2005. Can new online ventures boast same type of significant growth? Unfortunately, not!
Each day, there are thousands of new companies are setting up shops on Internet trying to sell every conceivable type of products and services. Most of these websites do not attract enough visitors to make them profitable. Competition on Internet is fierce! Internet marketing campaigns are becoming increasing expensive. Many small companies canít afford to spend money required to promote their sites. So, what are options available for a small company with modest product range to thrive on Internet? One of best sales channels, in my opinion, on Internet by far is auction marketplaces. Of course, no matter what, you will still need to promote your website with all methods you can master. However, selling your products and services through established auction marketplaces has its own advantage.
With 63.8 million unique visitors hitting auction site only in April of this year, eBay has established itself as largest marketplace on earth. In 2004 alone US$ 34.2 billion worth of merchandize exchange hands on eBay. Presently, site has around 135 million registered users in 32 markets worldwide.
With such a vast community of buyers and sellers, eBay should be your number one choice for selling your products or services online. On eBay you can sell any kind of item. The varieties of stuffs people are selling through eBay are mind boggling! At any given time there are over 29 million items displayed on eBay. The number of new items added each day exceeds 3.5 million. However, still many offline sellers perceive eBay as an auction site for mainly collectible items. They canít be more wrong! The largest selling category on eBay is, believe it or not, automobile and accessories, which comprises of almost 22 percent of all sales. I have, personally, bought three luxury cars over course of last two years through eBay and I have nothing to complain about.
Make Money Online and Live Life to the FullestWritten by Benjamin Scott
Copyright 2005 Benjamin Scott
Many people today feel they are trudging to work every day to a dead end job. These people often feel like hamsters in a wheel, running same paces over and over and never really going anywhere. So many people have hopes and aspirations outside of their cubicles, but they seldom have chance to explore these avenues because work and family commitments clash to severely leave any extra time for themselves. What is answer to monotony and frustration? Make money online and live your life to fullest. When you make money online, you do not have to be sitting at your computer every second of every day. You do not need to hold your web page's hand to see it achieve ultimate financial success. You simply need to make a few effective decisions, and your computer could be making money for you.
You can make money online in many ways. Do you have a great product? Sell it online. Set up a web page detailing your product, and advertise to as many people as you can by placing it on Internet, world's fastest growing market place. Do you have great flair for marketing but lack a good product? That is okay, too. Companies exist that work in reselling rights to property - both product and ideas - that you can buy and then sell. They have product, and you can do marketing. Do you want a second income to ensure success even on days when you can't be handling hands-on marketing? Join an affiliate program. These programs provide means to make money online every minute your web page is online, even while you sleep soundly. When you join an affiliate program, yo will put affiliate's banner on your web site, and they will pay you every time someone goes to their site from your link. You do nothing and make money!