Posted January 12, 2007 - 20:27 by Amy Lin
Small Business Resource Center, Making Extra Cash, Entrepreneurship
EBay is an imperfect system, simply because for the most part it is run on non-binding contracts. You can’t make people who bid on your items pay, even though by bidding, they’re under “legal” contract to pay. EBay could solve this problem by charging buyers' credit cards (which they have on file) once they hit the “confirm purchase” button. But they don’t want to take that responsibility. I guess that would also give them another fee to charge sellers for.
full story
PayPal is a necessary evil. As a seller on eBay, it’s impossible to avoid using it. How they are able to do what they do (take money from sellers’ accounts whenever they want) is beyond me but it’s a brilliant business plan. Unlike credit cards where if you report a fraudulent charge or unsatisfactory transaction it’s the credit card company that pays for it, PayPal just moves money between accounts taking no responsibility for fraud charges. They’re just the judge in the de facto court of eBay justice.
Continue reading "The Sale Aftermath: Beware of PayPal Chargebacks"
Permalink | 6 comments
Think of your listing like you would going into an interview. You have a limited amount of time (space) to sell yourself (item) to an employer (buyer) who will have to decide between you and quite a few other candidates. You highlight your strengths and brush over the weaknesses. You offer references. You follow through. You are quick, clear, accurate, and concise. Here is a checklist to making an effective listing on eBay.
Continue reading "Effective eBay Listing"
Permalink | 1 comment
Thinking of quitting your day job to sell on eBay full time? Everybody and their mothers seem to be able to eke out a living doing that. Sounds like a fantasy: no more time cards to punch, no more bosses to answer to, no more personal grooming necessary. Here are a few things you should know before you make the jump.
Continue reading "The Business of eBay"
Permalink | 5 comments
Business Week once called Seth Godin "the ultimate entrepreneur for the information age."
Now you can download a free PDF version of one of his most popular books The Bookstrapper's Bible, which aims to teach people how to build a business with a great idea with almost no money.
Continue reading "Free entrepreneur book by Seth Godin: The Bootstrapper's Bible"
Permalink | 2 comments
Subscribe to all Wise Bread articles
Subscribe
All comments