There are many ways YOU can create interest in your listings, but what better way is there than sourcing support from others.
This idea grows stronger with me every day, so I want to socialise the idea with YOU.
The idea seems to have traction especially as the members of the Auction Money Generator progress with the course.
So much emphasis has been placed on cross-linking for promoting products from one account to another.
I do this regularly with eBook (10-days) auctions, costing me nothing and promoting my main items in my ebay shop.
So, why not stretch this idea further by promoting fellow AMG members listings (in a reciprocal fashion – win/win)?
Now, I have produced some code which makes it easy to add products of other members’ ebay listings (e.g. the box shown below) – I will making the code available in the LIST Money Generator (when refined a bit more). It can easily be amended and then dropped into an ebay listing/auction.
If you think this idea has traction then let me know. I am happy to explore this option.
Listings from other MEMBERS of Auction Money
It is worth acquainted yourself to these new introductions and determining how best to manage the changes.
For me, I am comfortable with the increase in monthly fees as I will make a saving on the 30 day listings, but I will need to consider the requirements for being a Top Rated seller with regards to offering free postage.
The message is simple: if you are aware of the changes you can at least prepare for them.
Trying to build your profile/brand or market awareness can sometimes seem futile.
You put all this effort in to make YOUR BUSINESS STAND-OUT and what d’you get from your customers.
Nothing! No-response – just silence.
Now, silence is fine, but when you do get POSITIVE feedback it’s great. I still get a kick from receiving positive feedback, especially when the customer appreciates the extra effort I put into each sale.
For example: Recently, I received feedback from one of my Amazon customers: Click on the image below to see what I mean.
In Summary: They acknowledged the quality of my product, the personal note and added CD, which now acts as further advertisement for my online business. Win / win.
Trying to source a great product to sell can be a challenge. I have often heard that using Clickbank’s gravity factor is an ideal guide to assess the viability of a 3rd party’s product to sell.
Ok – so what does it mean? “Gravity” – that is.
How does ClickBank calculate gravity?
It seems (assumption only – but should be a useful guide) that:
ClickBank recalculates the Gravity factor every day;
The seller’s gravity is a sum of “scores” of distinct affiliates who have sold the seller’s products in the last 12 weeks;
The affiliate’s score is calculated like this, based on a sliding scale;
1: if he/she sold at least one copy of the vendor’s product in the last 24 hours;
0.96: if the product was sold the day before yesterday by the affiliate;
0.92: if the product was sold 3 days ago;
0.88: if sold 4 days ago;
….. and so on …
For example: Two affiliates have been promoting a product of the same seller
Affiliate (1) sold 3 copies of the product yesterday and 7 copies of the product the day before yesterday.This adds ”1″ to the seller’s gravity (for the 3 copies sold) and 0.92 for the the seven the day before yesterday.
Affiliate (2) sold only one copy of the product the day before yesterday. He adds “0,96″.
So, the new value of the vendor’s gravity is 1 + 0.92 + 0.96 = 2.88
Ok – so here’s a guide on what is good and bad “gravity”, putting the confusing calculation aside.
It is not recommended to promote products with a gravity less than “5″. It suggests that there have only been a few affiliates who have sold this product. More affiliates selling the same product does increase the gravity, of course.
The sales page is poor; and/or
Few affiliates have tried to sell the product.
Noticing a gravity of between “5-20″, then check the activation date. If it is a new product, then think about promoting it. It must be “hot”. You can check out a video here on how to find suitable products to sell.
A “gravity” factor of around “20″ suggests that the sales page is excellent – worth a close look. Products with gravity between 20 and 100 are the most appropriate to be promoted. Be sure these products are successfully sold and plenty of them provide value to customers (a low refund rate).
You can ;learn more about Clickbank analysis (especially on gravity and PPC) from here:
Having an online business as your main source of income can be done, although SMART WORK is involved. Now, if you are a student of the Auction Money Generator program, then you’ll appreciate the benefit of:
Using ebayas one of your best “marketing engines” for your online business in general; and
Applying the tools and techniques that you learn in parallel.
One key tool to employ is to create your own personal blog. Like this one.
It can do wonders to your business profile, as well as help you create those elusive “silent revenues”.
It’s a Must do ACTION.
To help you with your personal site I have produced an introductory video, introducing the WordPress theme that I use.
Why do I use this theme? I guess the clue is in the name (Flexibility3) and the bonus is that it is FREE.
….Because you can generate significant “silent revenues”. I refer to silent revenues as money coming into your business on “auto-pilot”. In other words, all the hard work has been done previously and now it’s time to collect the return on your efforts, without a single trip to the Post Office.
To stimulate your interest, click here. The video succinctly highlights the difference that can be gleaned when promoting your own product verses selling 3rd party products. Now I do both, but I gain tremendous satisfaction when I receive such positive feedback on my own products, as well as generating additional revenues.
Creating your own product:
Check out my one of my Members’ Sites to see how I create my products using MindMAPs. You will be able to view a tutorial on product creation using MindMAP techniques from this site.
The concept of following the STEPS of SUCCESS is definitely recommended, but it can be difficult to find out exactly where success lies, amongst all the “hype” and rubbish that is out there.
So many promises, so much over-exaggerated statements by “fly-by-night” operators. It can be frustrating.
Like so many people wishing to find the heart of success on the web, I made mistakes and got distracted by the “hype”.
It cost me MONEY & TIME.
Well, fortunately I did find out about Dave Nicholson. You may not realise it, but he has his “fingerprints” on my content and it has allowed me to live the lifestyle I enjoy today.
Mainly I have more time to cycle and enjoy a healthy life-balance.
You may be an old dog with plenty of tricks up your sleeve, but if you’re running an online BUSINESS there is always the challenge of replenishing your stock. How do you decide what to buy? How do you FIND the right stuff to sell?
Maximise your investment.
The decision to invest in stock can be based on:
I sell cycle wear, mainly because I love cycling, so there’s been a lot of ‘emotion’ in my decision. I also know that CYCLING is super popular so it’s a NICHE that I am comfortable in, so ‘pragmatic’ for me to build my business in this space.
….and finding a suitable niche can have so many advantages. Yes, you’ve guessed it, I’m a big supporter of niche selling..
Increase loyalty base, creating more return customers.
Now, as part of the Auction Money Generator program, there is an aim to source suitable material to help the members buy the right stuff, maximising profit. The focus will be on niche selling.
One niche that has surprised me is the VINTAGE prints market. I did some research and found a manual that shows how the experts make serious, serious margins on selling pages (or ‘plates’ as this industry likes to call them) from old books.
You can have access to the FREE report from a LEADING expert, showing you how he does it.
It is safe to assume that there is now a recognition that ebayis a superb marketing engine as much as it is a great site to sell stuff.
This is because of the appreciation to attract more customers to your sites and build the “subscriber list”.
Key elements to SUCCESS!
This leads me on to mentioning the growing importance of Social Media. Ignore it at your peril.
Ok – it’s another mind-boggling task to do to ensure that you gain maximum exposure with your clients, but unfortunately the need to “get your HEAD around SOCIAL MEDIA” is increasing.
If your recall, at the beginning of the Auction Money Generator program I mentioned the importance of running the tools and techniques in parallel.
Well adopting a Social Media strategy at the beginning of your journey, will inevitably pay dividends later on.
Consider the benefit of using the Facebook Group (part of Social Media);
Consider the techniques that you have experienced within this program.
My objective is to build a relationship with all my customers and strive to add value to their businesses and one of the tools applied to achieve this, of course is Social Media.
This is why I introduce you to the Social Media Spider’s Web. The product is beautifully crafted and comes with some excellent training videos.
You can access the information page from the image below: