To eBay or Not to Ebay by Gillian Tarawhiti Community Training Centre http://www.millionairerippleeffect.comFACT: eBay’s Gross Merchandise Sales (GMS) 2003 - GMS,
total value of items sold, was a record $24 billion, representing a 60% year-over-year increase from
$15 billion reported in
full year 2002
FACT: Over 79 million times a day, eBay users find products and brands of their choice.
FACT: In
final quarter of 2003, reported and increase of 41.2 million active users, up 3.8 million from
previous quarter.
(Exerts from January 21, 2004 - eBay™ Inc. Announces Fourth Quarter and Full Year 2003 Financial Results.)
When I read
2003 Financial Results,
first thing I thought of is ‘what a lot of traffic’.
Think about it 79 million times a day people are looking at
eBay site for products or services.
And if you think anything like me …
next thought would be, ‘can I drive some of that traffic to my site’
The answer is YES!
This scenario is
‘norm” in an auction.
• Seller lists item • people visit auction • some make bids • highest bidder wins (one winner) • product sold and delivered
Question: What happens to all
people who visited
auction and didn’t bid or bid and didn’t win?
Answer: Lost Revenue, Lost Opportunity
It doesn’t matter what kind of service or product you are selling or decide to sell. There are TECHNIQUES that can help you DEVELOP constant flow of traffic, SALES and GENERATE LEADS.
If you use eBay solely as an auction site, then you will make a few dollars, a couple of thousand if you are bulk selling.