Using PayPal As Your Payment Processor
It has been a couple of weeks now since I have posted anything here. I have been working on a campaign that involves viral marketing but I will talk about that in another post. If you are experienced with using PayPal as your payment processor for multiple sites this post will not benefit you. If you are like me and are planning to have multiple sites this will help you avoid some of the mistakes I made initially while using PayPal as your payment processor.
The first thing you need to know is that you have to have a different account for each project that you undertake. If you already have a paypal account for ebay and want to use ebay for your website you will have to create another paypal account. Creating an account is free but to do so you must first create another email address. I suggest that you use part or all of the business or product name you plan to promote. For examples WidgetsGalore@FirstLove.com. Please don’t click the link. It does not work.
Once you have your email account set up simply go to PayPal and sign up for a new account. Choose premier as this will allow you to accept credit cards. It is free as well. You can download this instruction guide which I got from PayPal to learn how to set up your product or products for sale. It is a bit boring but read it all before proceeding to set up your product or products. The technical skill required depends on what you what to do and how much security for your products you want to have. The good thing about Paypal is that a newbie can have everything set up within a few hours.
I can not honestly give you a comparison between having a merchant account and a PayPal account. I don’t have any merchant accounts. So far Paypal has been able to satisfy my needs. I hope this has helped. Set up your email first and then read the instruction guide before signing up with Paypal and your set up should proceed without a hitch.
Auction Yen: Would I Buy It?
Auction Yen is a software tool designed to pull information from eBay. If you are looking for an easy way to assemble the data already available this could be a good tool for you.
One of the things Auction Yen will do is collect the data from the Want It Now postings. It will then analyze the data and provide you with the keywords ranked by the number of hits. This will provide you with products you can either make or purchase to sell. Frankly, this seems like to much work to me for the profit involved. There is another use for these keywords that to me make more sense. You can identify a niche that you may have some succes in.
I would not recommend Auction Yen for the beginning eBayer. If you have some experience with eBay and are simply looking for information this software will help you.
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The Underground Auction Blueprint: To buy or not to buy?
To buy or not to buy? This is the question we all face when looking for information products. Some are very good and some just rehash what you already know. Before we get any further I am going to tell you that the Undergound Auction Blueprint is worth the money.
Here are some of the proven tactics you will learn from this book.
- It explains in detail the reasons for peoples failures in Dutch Auctions and how you can use Dutch Auctions to make a lot of money.
- Killer Listing Tactics: The Ingredients of a Killer Auction Listing without spending an extra penny on listing upgrades
- How to use the about me pages to improve traffic and sales
- The complete info product system. Gives you complete resources on where to find Public Domain Products to sell and how to package them.
Above is just a sampling of the many ways the Undergound Auction Blueprint can benefit you. In all there are 22 chapters of great information, methods and ideas for you to use in your own business. The author is giving you what he does to make thousands of dollars every week.
If you are familiar with eBay you will find some of the early chapters of Undergound Auction Blueprint a trifle boring as this is meant to guide the newbie from rags to riches. You will see as you get deeper into the book that you will find many useful tricks to increase your profits and find new methods to increase your repeat customers.
The Undergound Auction Blueprint has a 56 day no questions asked money back guarantee. Whether you want to quit your day job or just make some extra money if your planning to do business on eBay this will be a valuable tool to help you.
Bans or Build a Niche Store: Good Value or a Waste of Money?
Waste of money? That depends on your skill level. If you are a webmaster you don’t need this unless you just want to create some websites rapidly.
Bans or Build a Niche Store is an easy to use website builder perfect for the beginner. All the tools are there (except hosting) that allow to easily build a website utilizing eBay Affiliate 
program and the enormous traffic eBay generates.
You must first join eBay Affiliate which is free to use. If you haven’t already you will need to registrar with eBay. Determine what niche or products you are going to display on your website. Bans or Build a Niche Store will then take you through all the steps required to build your personalized and professional looking website.
The concept is to drive traffic to eBay. eBay Affiliate program pays you $25 to $35 commission per new active user referral and 50% to 75% commission on eBay Revenue for anyone that purchases something from eBay through your site. eBay Affiliate program has paid on average over $1 million a year to our top 50 partners!
Can you make money with Bans or Build a Niche Store? Yes you can! Will you make money? Not if you think you can build a website and the people will come. You will have to know how or learn to drive customers to your site. If you don’t do this and are not willing to learn then you are wasting your money.
Bans do provide you with some instructional materials but I would suggest that you purchase material specifically for marketing your website. Something like The Butterfly Marketing Manuscript. I would also suggest that you join an affiliate membership website such as WealthyAffiliate of which I am a member.
Bottom line is I believe this to be a good product for the beginner. As you learn to market it and begin to make a profit you can easily duplicate your success on another and another. You see where I am going here? One site may give you $300 per month and ten will give $3000 a month.
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Salehoo Wholesale Directory: Cheap Wholesale Products or Not
When I first started researching Salehoo I found as many negative reviews as I did positive. I believe I know the reason for this. Salehoo Wholesale Directory is just what it says it is. A wholesale directory.
They give you access to over five thousand suppliers and just about every product imaginable. Their database of suppliers seems to be updated daily. Every supplier is thoroughly reviewed so that you do not get any nasty surprises. This makes dealing with foreign suppliers much less frightening.
Salehoo however is not DOBA. At DOBA you are selling items from a drop shipper so you don’t have as much risk. Your risk with DOBA is your auction fees, the customer service and shipping done by the drop shipper.
Ok, back to the reason for the negative reviews. Salehoo Wholesale Directory is a directory of over 5000 different suppliers. When choosing an item to sell you have to do your own research. For example, if you want to sell a Nikon camera and you don’t do your own research. You may find a supplier selling these for $150 and telling you that you can sell it on eBay for $300. Looks like a great deal doesn’t it? If you accept this at face value you will lose money.
If you had done your research you might find that because so many people have purchased the same camera to sell that the competition has become very tough. Now the camera is selling for $140 and your losing money. Those that do not do their research and lose are those that right the negative reviews.
You have to do your research. There are no get rich quick schemes that work. The laws of demand and supply always apply. Salehoo Wholesale Directory is an invaluable resource for products but it is up to you to choose the right one. Salehoo has many bonus eBooks and software tools to help you make the right decision.
