Why 95% of eBay Sellers Fail

Written by Todd Reese


eBay is nowrepparttar 8th most visited site onrepparttar 139298 internet and it has just one purpose - sales. With 40 million visitors per month most eBay sellers are missing a golden opportunity. They are missingrepparttar 139299 opportunity to cultivate long term clients.

It is a proven fact in marketing that you will continue to buy over and over again from people and companies that you know, like and trust. Yet 95% of all internet marketers fail when it comes to eBay. Most are looking forrepparttar 139300 fast buck. They have completely missrepparttar 139301 opportunity to use eBay as a lead generation tool. They missrepparttar 139302 opportunity to create a list of people that will be willing to consume your products over and over again.

Lead generation on eBay can be accomplished in several ways. The most popular way is by usingrepparttar 139303 self liquidating ad. A self liquidating ad is one that pays for itself. In other words your customer directly pays your advertising costs. They purchase from you, some form of advertising.

Let me give you an example of a self liquidating advertisement. Recently I saw in a magazine an ad for a pair of sunglasses. The ad claimed thatrepparttar 139304 sunglasses were free you just had to payrepparttar 139305 shipping and handling costs. My guess is thatrepparttar 139306 advertiser probably wasn’t making much if any money onrepparttar 139307 sunglasses. But they also weren’t losing any money. The shipping and handling most likely covered their actual costs. What they really wanted was something far more valuable – your contact information and your “permission” to market to you. In other words they are looking for qualified prospects - prospects that are interested inrepparttar 139308 products and services they are selling.

Once a company has your contact information and “permission” to market to you, they will begin to establish a relationship. They will do this in a variety of ways including sending you ads for other product and services you may be interested in. Over time most customers will be worth many times more than their initial purchase.

Since eBay is purely commerce site it is a perfect place to do a self liquidating ad. Let’s look at an extreme example. Let’s pretend that you own a car dealership that only sells high end cars. We will assume that your average car sells for $65,000. One way you could use a lead generation self liquidating ad would be by “selling” a special report. For example you could sell a report on eBay entitled “18 Ways to Driverepparttar 139309 Car of Your Dreams for Less Thanrepparttar 139310 Cost of a Yugo”.

Warning: A Weak Guarantee Maybe Costing You Money!

Written by Al Hanzal


Warning: A Weak Guarantee May be Costing You Money …5 reasons why a bold guarantee will get more sales.

You’re afraid to use a guarantee! No one else in your industry uses them. You’ll lose money. You just don’t want to makerepparttar customer mad and go throughrepparttar 139297 hassle of returning money to an angry customer.

These fears are common. If you want your business to be more profitable, you need more than a guarantee, you need a bold guarantee. Use this article to overcome your fears and learn how a bold guarantee can be a powerful marketing tool.

Overcoming your fears

You say, “I don’t have a guarantee now”. This is not true. If a customer complaints about your product, you would try to fixrepparttar 139298 problem. Right? You would do what you could to make them happy. You are honoring a guarantee. You are just not publicizing your guarantee.

Look back overrepparttar 139299 last year. Ask yourself, “How many customers have complained about my product? How many of them have asked for their money back”? So if people have not been unhappy with your product now, why will they start rushing to get their money back with a bold guarantee?

Statistically only 1-2% of people ever use a guarantee. They just don’t want to be bothered. The pain must be severe enough for them to want to go throughrepparttar 139300 effort.

Unless you offer a lousy product, or you’re marketing torepparttar 139301 wrong group of people or you’ve a bad group of customers, you will now have many people use your bold guarantee.

Five reasons why a bold guarantee gets more sales

1. A bold guarantee can raise new profits by building trust. Why is this so? Business is a trust relationship. It takes time to establish trust.

As a business, when you ask for money, you are askingrepparttar 139302 customer to trust you. He is taking a risk. When you offer a bold guarantee, you are lessening or removing his risk. He now trusts you. He feels he will not be committingrepparttar 139303 cardinal sins of buying--making a mistake or looking bad in front of his friends.

2. A bold guarantee sets you apart. If your industry doesn’t use guarantees or uses only weak guarantees, your bold guarantee will set you apart. This is exactly what you want. How do you stand out in a crowded market place? A bold guarantee will accomplish this positioning.

Evenrepparttar 139304 conservative auto industry has now gone to bold guarantees. Many auto dealers let you driverepparttar 139305 car for a month. If it’s not for you, then you can bring it back. A bold guarantee is an absolute to make a sale onrepparttar 139306 internet. The guarantee bar has been raised!

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