That was exactly what I was thinking a few weeks ago, in the middle of working on one of the many videos I’ve created so far for the upcoming eCommerce Magnates video course. Yes, this is unfortunately some bad news to all of you who are eagerly waiting for the course to go on sale in June but I’m afraid it won’t happen, which I truly am very sorry for.
But I just don’t want to release an unfinished product and I definitely. don’t want to release a product that isn’t up to my highest standards. So I hope you can all be a little patient and wait while I finish it.
The biggest problem and the main reason why the launch day came too fast is the fact that the course has turned out to be much bigger than I initially anticipated. Looking at the current content plan/layout, the videos alone will run into 6-7, maybe even more, hours. And there’s obviously not much I can do about this as I really want to comprehensively cover everything in detail to make sure eCommerce Magnates contains everything you need to create a successful online shop!
To give you some idea of what to expect with the course, here’s a snap-shot of the member’s area:
- Quicker international bank transfers!
- Better currency exchange rates!
- Lower fees than any bank can offer!
Sounds terrific, right? Well, it is! Welcome to the 21st century of banking via TransferWise.com!
No, it’s not actually a bank and doesn’t offer super profitable deposits or loans. But they do specialise in one thing, and it’s something that we business owners face on a regular basis – international bank transfers.
If you buy stock for your eBay business from abroad, quite often you’ll need to make international money transfers. Now that’s ok if your supplier is happy to take card payments or PayPal but quite often the only way to pay is by sending a wire transfer via your bank.
So that means either visiting your local branch OR sending the payment through online banking, paying a small fortune in fees while receiving the worst exchange rate imaginable. If we’re talking about a payment of a few thousand pounds or more, then you lose out – big time.
And even with PayPal or a credit card, when you’re paying in a different currency than your base account, chances are the exchange rate you’re getting is far from the best. Plus most companies will charge extra if you pay via PayPal or credit card as they have to cover the payment fees at their end. [Read more…]
In the age of the internet, B2B websites, forums and Google it’s all too easy to forget that often, some of the old classic business methods are still very effective. I’d say one of these is Trade Shows. It’s a completely overlooked product sourcing concept, especially for online retailers who are too lazy to get out of their office or house to meet actual suppliers face to face.
Many people think that trade shows are not accessible to them, that you need a special invitation and what not. But in reality, that couldn’t be further from the truth. While there are trade shows that are open only to professionals, most will happily welcome ANY interested people!
Ticket prices are also not as high as some people think and in many cases are even free. Also, some trade shows are open only for professionals on DAY ONE but the general public are welcome on the following days. You can always find this information specifically for a trade show that you’re interested in on the official website.
I think trade shows are still one of the best & easiest ways to find suppliers and while not many new eBay sellers can afford a trip to China’s Canton fair, there are still loads of local options available. Such local trade shows are the perfect place to find wholesalers & new, emerging brands that are looking for exclusive distributors in a region. And this can be very powerful…
If you get in talks with a company that is looking for a distributor in the UK for a new product and you present yourself well and get the contract, it’s a fast track to success! Having exclusive distribution over an in-demand brand opens your door to wholesale opportunities too – then you can start supplying other retailers in the region.
So as you can see, trade shows are not only about meeting wholesalers – you can also build contacts with brand owners directly.
In the UK there are hundreds of trade shows being held each year, and many of them are business oriented. You can find a comprehensive list and calendar here: [Read more…]
One of the easiest ways to drive traffic to your eBay Shop and Buy It Now listings is by using auctions. This is possible mainly because of the increased search positions given to auction style listings.
For example, if you list two identical items, one in an auction style and the other one as a BIN listing, both listings for 7 days, chances are that the auction will get more views than the (otherwise identical) BIN listing. This is because during the last few hours / minutes before it ends, eBay boosts auction listings much higher in search results (and this makes sense as people who like to bid would rather see auctions ending soon when they search for items).
And by knowing this little eBay ‘secret’ you can boost traffic to your shop and BIN listings, here’s how:
1) Have all your BIN listings in place for the items you sell (with your target prices set as the BIN prices).
2) Run auction style listings for the same items &
3) Include a Buy It Now button in these listings that links to your corresponding BIN listings.
Here’s how a real life example looks:
By doing this, you generate extra traffic (and therefore sales!) to your BIN listings as there are many people out there (I’m one of them) who don’t like to bid on items and instead always go with a Buy It Now option. [Read more…]