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5 Online Marketplaces You Can Start Selling On Today

October 15, 2012An Online Marketplace is an established website that offers potential sellers the opportunity to sell items and products online. These marketplace platforms work almost like a virtual swap-meet as people come to
buy products, while others come to sell their products. They provide a method for listing items, selling them, and collecting payment. The advantage of using marketplaces to sell products is the proven audience arena each one consumes, making it extremely easy to showcase potential products.

Although there are dozens of internet marketplaces for people to sign-up and start selling, very few of them are worth the time, energy, and money. Depending on what you’re selling and to whom, each marketplace has its own niche of customers, prices and products. Typically these platforms charge various fees and/or commissions to sellers for listing and selling items. While there are hundreds, if not thousands, of online marketplaces people can use to list and sell items, here are the Top 5 Marketplaces You Can Start Selling Today!

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Last Minute Shopping Boosts Growth Rate for Holiday Online Spending

December 26, 2012—With Christmas officially over the latest holiday shopping numbers for online spending are in. According to comScore, shoppers spent nearly $38.7 billion online for the holiday season to-date. This year’s sales are up 16 percent from a year ago thanks to the incredible amount of last minute shopping. Last week’s sales totals were up a massive 53 percent over the same period last year (week ending December 21, 2012).

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PayPal Helping Merchants Convert Seasonal Shoppers with “Bill Me Later”

With the busy holiday shopping season rolling around, PayPal is pushing merchants to advertise its ‘Bill Me Later’ feature for cash-strapped shoppers. With the feature, merchants can offer shoppers the ability to finance any purchase of $99 or more, as long as they pass a credit check.

The Bill Me Later feature was discussed on the PayPal blog. It reads, “You, the business, will get paid right away. You don’t have to pay additional costs. And you don’t assume any credit risk. Plus, we’ve made it incredibly easy to market this throughout your site, in a way where you don’t have to worry about regulatory or legal restrictions.”

According to a PayPal spokesperson, the company has been testing the service with some of its top sellers. PayPal states that it is not only offering a no-interest financing offer, but the service is also working with small business owners to help them promote PayPal’s new credit options directly on their site with PayPal-designed banner ads that are hosted directly.

PayPal’s payments unit said that it created a special portal to assist merchants who may not have the resources to sort through regulatory and legal restrictions required to market credit services. Simply take the banner ads and place them on your website and your buyers will have the option to pay later for any purchase they make.

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Post-Christmas Promotion for eBay Sellers

December 28, 2012—Although Christmas is officially over, the holiday promotions from eBay just keep coming. eBay.com has invited eligible third-party sellers to participate in their latest promotion which runs from December 27, 2012 through January 2, 2013. Invited sellers can list up to 5,000 Fixed Price items with no Insertion Fees including 3, 5, 7, 10, and 30-day listing durations. This is great news for eBay sellers looking to cash in before the end of 2012.

The new promotion is only for eligible sellers who received an email, and/or a message in their My eBay account. The promotion is then activated with the seller’s qualifying eBay User ID. Only sellers whose accounts meet eBay’s minimum seller performance standards are invited and this promotion is not transferable. All existing selling limits as well as category and item limits apply and may prevent sellers from creating the maximum number of listings.

All other fees apply, see website for details and restrictions.

Buyers Remorse Hurting Amazon Sellers

Some Amazon sellers are up in arms about a recent post on Amazon’s Seller Support blog where the writer urged sellers to charge restocking fees on certain item returns. The blog post specifically mentioned buyer remorse and instances where the customer damages the item and then wants to return it. Some sellers aren’t so happy with this ruling, and rightly so. To make matters worse, the restocking fees can only be applied in certain cases, which we’ve outlined below.

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Shipping Solutions–UPS Shipping Software For Your Business

January 4, 2013–ReadyShipper shipping software provides UPS shippers one of the most user-friendly and powerful shipping solutions available today. It’s quick and easy to download the software and sign up for a 14 day free trial with your existing UPS account number. There is no credit card required to try the software.

Once you’ve registered your UPS account, ReadyShipper shipping software makes it easy to import all your daily orders from your various sales channels. The growing list of ReadyModules means ReadyShipper can connect directly to your eBay, Amazon, Yahoo!, Volusion, PayPal, 3dCart, Network Solutions, OrderMotion, Shopify, Monsoon Stone Edge Order Manager, Atandra T-Hub, Magento storefront and many others in a few simple steps.

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eBay and FedEx Unite…Finally

October 26, 2012—For years eBay.com clinched tightly to shipping methods through USPS and UPS by incorporating them into their single label printing flow. Now, eBay is finally adding FedEx to the mix. eBay announced earlier this week they are currently running a pilot program for select sellers that will allow them to print FedEx labels for orders. This is great news for eBay sellers as more and more sellers are looking for convenient and fast shipping options.

eBay plans to run the test pilot program until the end of the year and begin full availability to all users starting the first quarter of 2013. Sellers will soon be able to print FedEx labels directly from eBay’s single label pricing flow. To access this feature, sellers can simply go to their My eBay and find the FedEx selection there. Although FedEx will not be included in eBay’s shipping calculator during the pilot program, they are currently working on additional features with FedEx that will become available to sellers in the first quarter of 2013. Like the name says, eBay’s shipping calculator automatically provides sellers with accurate shipping cost to buyers based on their location.

Spokesmen for eBay also noted that eBay will not add the FedEx label-printing capability to PayPal as this feature focuses mainly on eBay.

Buy.com–Fees for Third-Party Sellers Increase

It looks like third-party sellers using Buy.com might be facing their own fiscal cliff this year. Starting next month, Buy.com will increase fees for third-party sellers making it almost impossible for low-volume sellers to continue using the marketplace. With only around 5,000 active sellers using Buy.com to sell products, the new fee increase seems essential for the marketplace to stay afloat.

The new fee increases for third-party sellers include listing fees and a higher commission rate. Previously Buy.com didn’t charge a listing fee and only charge a $.99 commission per item plus a percentage of the price, depending on the product category. Buy.com also charges payment processing and fraud review fees. Selling plans for Buy.com are changing too. Sellers must choose one of two new plans—Professional ($33/month) or Professional Plus ($199/month), and must enroll by February 1, 2013.

Spokesperson for Buy.com Bernard Luthi said, “Our new quarterly fee and commission rates are very much in line with the other marketplaces and will allow us to create an even better selling experience for the merchant.”

Is Buy.com becoming too expensive to sell on?

2nd Office

Fast-track Your Business’ Growth while keeping costs low – Outsource!

2nd Office Inc. helps entrepreneurs and small to medium size businesses grow from hundreds of dollars in sales a month to millions of dollars in sales a year with rates starting at $5 an hour.

Does this sound familiar?

  • I have thousands of products to list, but no time, money, or the resources to list all of them! I know I could be making more sales, but I just don’t know what to do…
  • I wish I could clone myself, I would be growing a lot faster if I had two or three of me that knew how to make product listings correctly..
  • Man, editing images takes so much time! I could be doing better things like researching for hot products to sell and negotiating better prices with vendors.
  • I wish I could find great, loyal and talented employees at minimum wage, but it’s just impossible! All the good ones I can’t afford…but how else am I going to grow? Talent is key to a successful business.

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Business Outsourcing–Philippines Beats Out India and China as Global Shoring Location

January 8, 2013–Recently, the Philippines was ranked as the top global shoring locations for Business Process Outsourcing beating India and China.  This is according to a report by multinational real estate advisor Jones Lang LaSalle based on the number of jobs made by investing corporations in shared contact centers, service centers and technical support centers from 2008 up to 2011.  It is an amazing feat considering that the Philippines only has a fraction of the population.

According to the report, The Philippines drew in 115 projects that equaled to 72,000 jobs within the said timeframe against India’s 105 projects – 64,000 jobs and China’s 56 projects – 25,000 jobs.  It obviously shows how more and more companies choose to bring their businesses to the small archipelago.  Why not? The Philippines is probably the most westernized country in the east.  Colonized by the Spaniards for centuries and then by the Americans in the early half of the 19th century, the country is quite literally a perfect example of “east meets west”.

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