Products that I want to buy

May 30th, 2007

Just some products that I want to buy for myself.   I will continue to update this when I find more stuff that interests me.  Who knows, maybe you will want to buy it too?

Storing your categories when looking for ebay auctions in the future

April 5th, 2007

Currently, each month there are over 14 million people whom are looking for ebay auctions online in order to purchase goods and services without having to leave the comfort of their own home. If you are one of those shoppers looking for ebay auctions online then we have some great search tips to help you find exactly what you are looking for when starting your ebay experience.

When you begin to search for ebay and start looking for ebay auctions of your choice you should take advantage of ebay’s search features. These tools will make it easier on you when looking for ebay auctions. Some ebay shoppers like to use the search page while other shoppers like to use the browse feature.

Either way you slice it, looking for ebay auctions takes a bit of trial and error to get it just right for your preferences. Always attempt new techniques to help you find the exact products that you are looking for on ebay.

Bookmarking categories that on ebay that interest you is also a great way to save information when you decide to go looking for ebay auctions in the future. You can do this by using your browser tool and saving the particular ebay page in your bookmarks.

Otherwise, if you wanted to go looking for ebay auctions by saving your pages with your “My eBay page” then you can. Here is how:

1. Click on the “My eBay” button at the top of the page.
2. Click the categories link.
3. Review the information that you see when looking for ebay auctions.
4. Delete any categories you do not want by clicking on the box and then the delete button.
5. You may add new categories to the list by clicking on the Add new Category link (upper right corner)
6. You can store up to four favorite categories that you can return to when looking for ebay auctions in the future.


Resources Box:Jason James is a 10 year Internet marketing veteran and an eBay Seller of 4 years. His website “The Auction Resource Network” reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.

Claim Your Free eBook: “Top 10 eBay Secrets for Successful Selling” below:
http://www.auctionresourcenetwork.com

All this content is provided by Tyler Shearburn at TylerShearburn.name

The rules of linking from your Ebay auctions

March 29th, 2007

Because ebay is such a busy place of merchandise sales with many various ebay stores and markets selling thousands of items, there must be a few rules that are set in place to insure that everyone is playing fair. Ebay auctions are a gift for us to make easy money without having the overhead or the stress of running other types of businesses so it is ideal that we all adhere to their policies.

Very few other issues will get ebay sellers arguing about the rules no more than the rules on linking to and from your ebay auctions. Ebay has some very firm rules when it comes to liking and it would be wise of you to follow them to insure that your ebay auctions stay online and profitable.

Below are the following links that you may use in your ebay auction description:

1. On your ebay auction, you may have one link to an additional web page for information. This web page is to be used exclusively for further information about whatever ebay item that you are selling from you ebay auction.

2. Your ebay auction may have links to more photo images of the merchandise that you are selling on ebay.

3. If you want your customer to click on a link from your ebay auction that opens up to separate window to send you an email, then that is ok. In fact this little ebay auction email window may increase inquiries of your ebay selling item.

4. Ebay auction links that connects to your other ebay auctions or any of your other ebay auctions stores is also permissible.

5. You may have one link that links to your ebay About Me page. This is in addition to the link next to your user ID that ebay provides for your ebay auction.

6. Ebay authorizes you to have links to your vendors’ websites that help you with your auctions. Ebay considers any type of listing services, payment providers, and software programs to be 3rd party vendors.

In addition to the above Ebay linking rules that are authorized for your Ebay auctions there are also links that are not allowed with ebay.

1. You cannot have any links that link to other websites that offers to sell, trade, or purchase merchandise outside of Ebay. This should be obvious but many new sellers to Ebay auctions break this rule.

2. Links to any other websites that encourages ebay bidders to place their bids outside of ebay are not authorized in your ebay auctions

3. Your ebay auction cannot have links that link to outside websites that offers to sell merchandise that is considered illegal at ebay. 4. Links that connect to websites that solicit ebay user Ids and passwords is also unauthorized to have within your ebay auction.

When it comes to linking from your About Me page the ebay rules are pretty much the same overall with your ebay auction. Because ebay gives you this page to self promote your business, then linking to your website from it is allowed.

On the other hand, you need to be sure that the link does connect to other trading sites or to website businesses that sell the same product or merchandise at the same price or lower price than what is advertised on ebay.


Resources Box:Jason James is a 10 year Internet marketing veteran and an eBay Seller of 4 years. His website “The Auction Resource Network” reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.

Claim Your Free eBook: “Top 10 eBay Secrets for Successful Selling” below:
http://www.auctionresourcenetwork.com

All this content is provided by Tyler Shearburn at TylerShearburn.name

Keeping records of your Ebay business: Part 4

March 24th, 2007

The base for any business to survive over the long term, especially an ebay powerseller business, is to keep accurate detailed records of everything pertaining to your ebay records. In our recent articles of parts one through three, we touched up on the basics of your financial records and how to start a paper-trail system of your ebay powerseller business that is both accurate for your personal books and for the IRS at tax time.

In today’s article you will learn the importance of tracking your ebay business inventory and how to sell from that inventory, whether as FIFO or LIFO. Running an ebay powerseller business means that you are reaching a great point of success with your business and in order to stay successful you will need to account for your inventory meticulously.

You will need to know exactly what is on hand to sell to your ebay customers and also when you will need to replenish that inventory to replace the sold items. Unless your ebay powerseller business revolves around providing digital products (any product that is delivered via email or downloaded like an E-book), then stocking your items and tracking them is of utmost importance.

How to figure out your ebay powerseller business inventory

Technically speaking, “inventory” refers to any merchandise that you hold in your home office or your business office that are for sale to your customers. Not only does this include items that you have on hand to sell to your customers but it also includes any supplies that will become part of the item. For example, if you are selling electronic equipment then any spare parts like speakers, knobs, wires, etc. are part of your inventory list.

How to report your inventory at the end of the year for taxes

When it comes time for you to report your income for the tax man, you do not report your ebay powerseller items separately. Instead, everything within your ebay stock should be lumped together under the umbrella of “inventory”.

In order to know what income to report, you should have recorded what your ebay inventory was at the beginning of the work year. This is called “opening inventory”. Next, you will need to have accurate records of what items that you bought during the year and added to your ebay powerseller inventory. And of course, your “closing inventory” is what is left at the end of the year.

Now that you have all three of the above categories accurately recorded then you will be able to arrive at one key number. This is called “your cost of goods sold”. And this number enables you to figure what you made on your sales for the year when submitting this information in for tax purposes.

Understanding LIFO and FIFO

What do these two terms have to do with keeping records and tracking inventory? Let’s start with FIFO. This means “first in - first out”. In other words, let’s say that that you resell books as an ebay powerseller. In January, you purchased a set of wholesale books that cost you $3.00 each. Then in May you purchased another set of books to resell that cost you $5.00 each. If you sold all of the books from the first set before selling the second set, then those were “first in and first out” (FIFO).

Next we have the term LIFO and this stands for “last in - first out”. With LIFO, you would sell all of your ebay powerseller book items from the last stock purchase you made, before you resell the first batch.

Which is best for your ebay powerseller business? That is up to you. The one you select will invariably affect your cost of goods sold, which, in turn, will affect your profit for the year. The method you choose will depend on the trend in prices. Simply choose a method that you can live with for years to come and one that fits within the IRS regulations.

When prices are rising, then using LIFO will result in a larger cost of goods sold so that closing inventory will be higher and your reportable profits will be lower. But when prices fall, the opposite result occurs - you’ll wind up paying more taxes with LIFO than if you’d used FIFO.


Resources Box:Jason James is a 10 year Internet marketing veteran and an eBay Seller of 4 years. His website “The Auction Resource Network” reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.

Claim Your Free eBook: “Top 10 eBay Secrets for Successful Selling” below:
http://www.auctionresourcenetwork.com

All this content is provided by Tyler Shearburn at TylerShearburn.name

Keeping records of your Ebay business: Part 3

March 15th, 2007

Welcome to Ebay seller business bookkeeping 101. In case you are just now catching up to speed with this article series about keeping good financial records of your ebay company, you may want to check back with part part I and II of this article.

Up to this point we have educated you on a few basic important tips when it comes to keeping good records of your ebay selling business and a detailed journal of your expenses and receipts. You were also given the basics on learning what a balance sheet and an income statement is in relation to your ebay selling business, as well as understanding gross profit and your gross profit margin.

Most importantly, you were also introduced to the cold hard truth about the power of the IRS and what would be expected of you should an audit of your ebay selling business come your way. Your transactions, purchase records, and receipts should ideally be all laid out and ready to be prepared on a day’s notice. Forming these kinds of good habits with your paperwork is one of the greatest ‘non-financial’ investments that you will ever make.

By now you are probably asking yourself, “Is there a simple way for me to keep track of everything pertaining to my ebay selling business?” The answer is yes, there is. In fact you are encouraged to read the following information and advice about how to create a system for keeping track of your sales and expenses.

You need a bookkeeping system!

Before you read on it is important to understand that there is no single system that is better than another when keeping records of your ebay selling business. Amazingly, some people can do well enough with just a pencil and a set of legal pads. But for the majority of us we need a little more help then just pen and a blank sheet of paper.

If you are like me, then you need all the help you can get to better organize your ebay seller business. And although I will give you some basic advice on some helpful tools, you will ultimately have to form the paperwork habits then best suites your needs. You may use whatever methods that best keeps you on top of your numbers and properly report the transactions of your ebay seller business.

As a general rule of thumb, you will need the following parts of a bookkeeping system:

1. You will need to keep track of your ebay seller business’s list of accounts or categories that you will record in a general ledger. This is called a Chart of Accounts. Some examples of “accounts” would be your rent, utility bills, insurance, advertising costs, Internet and home office costs, etc.

2. Your ebay seller business bookkeeping system should have a detailed record of your business’s income and expenses, your assets and liabilities, and of course the owner’s equity. You can easily keep track of these items with a General Ledger.

3. Any office store will be able to provide you with an Accounts Receivable Statement. This record-keeping tool will help you keep track of any amount of payments that are owed to your ebay seller business for amounts uncollected.

4. No ebay seller business, or any other business for that matter, can be properly tracked without an Inventory Listing. An inventory listing is just a matter of easily keeping track of the items that you have for sale to your ebay customers.

Any of the above types or record keeping tools can just be created with a blank sheet of paper and pencil but it is wise to just invest in the office supplies that are already made for such records. In general, all you want to do is create a system that is easy to use and will make both your life and your ebay seller business as simple as possible. The easiest way to keep track of your sales is to list your totals for each day. Then you will be able to total sales for each month and set goals of your ebay seller business grand total for the year.


Resources Box:Jason James is a 10 year Internet marketing veteran and an eBay Seller of 4 years. His website “The Auction Resource Network” reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.

Claim Your Free eBook: “Top 10 eBay Secrets for Successful Selling” below:
http://www.auctionresourcenetwork.com

All this content is provided by Tyler Shearburn at TylerShearburn.name

Keeping records of your Ebay business: Part 2

March 5th, 2007

In part one of this ebay article series we introduced you to the importance of keeping a proper paperwork trail of everything pertaining to your ebay home business profits. We discussed how keeping detailed records of every area of your ebay home business was not only beneficial for tax purposes but at the same time it is the only way to seriously track and tweak your ebay home business for long term success.

Also in part one, we then closed the end of the ebay home business article by explaining the definitions of gross profit and gross profit margin. These two categories of incoming profits are important to help you understand what you are earning and which direction you want those earnings to go in.

Before you get bored again, let me remind you that I know you would rather be talking about selling and spending all of the millions you will make with your ebay home business! But trust me, these dry topics on paperwork, records, and taxes are exactly what you need to become an expert at in order to create long term stability with your ebay home business.

Ok, back to business. In today’s article we are going to help you understand your tax responsibilities. If you were like me at the beginning of my ebay home business, then you probably can find any reason possible NOT to go through the trouble of keeping formal bookkeeping records of your ebay business. Unfortunately for us small business people, the IRS tax law overrules whatever reason we have to justify not keeping the books up do date for our ebay home business. The law states that you must keep very detailed records of your ebay income, your ebay expenses, your assets, and even your liabilities.

By keeping these ebay home business records accurately recorded, you will be enabled to properly report on your tax return every bit of income that comes in from that ebay home business. You will also then be able to claim any and all write-offs that are connected to your business.

What are “Write-offs”? They are deductions that you can subtract when having the tax paperwork completed for your ebay home business. Let me give you an example:

Let’s say that you sell Antique products as your main source of income for your ebay home business. Each day you get in your car and drive around town and visit flee markets, swap meets, and yard sales to find hot deals on Antiques. You will then turn around and resell these same Antiques on Ebay for big time profits. Your tax responsibility here is to keep track of the exact mileage you used up in your vehicle. This information can be used as a tax write-off. And of course don’t forget to save your gas receipts for extra tax benefits!

Next I’m going to bring up an ugly word that give many ebay home business owners the chills. The “audit”. If you are unfamiliar with the term audit or have never experienced getting audited then allow me to explain it to you.

As much as you may not like their reach of power, the IRS has the legal right to view all of your ebay home business records if they should ask. This is not an assumption, it is the truth. Should this happen, then you will be what is called “audited”. And if you are one of those unlucky ones that are audited then you had better be prepared with detailed, complete, and truthful business records. You do not want to have missed important tax claims or filed inaccurate reports in the past because if an audit should happen then those negative actions could jeopardize your ebay home business.

Last but not least, we are going to leave you with understanding what financial type records that you will need to show to a bank if you are applying for a loan to help expand and grow your ebay home business. The first one is called a balance sheet. The second is called an income statement.

Income Statement: An income statement consists of a list of your assets, liabilities and what you have invested into your business. And by the way, any amount of funding that you “invested” into your ebay home business is called equity.

Income Statement: This statement is simply a list showing all of the income and all of the expenses of your ebay home business within a specified period of time. This “specified period of time” is usually quarterly or yearly, depending on how often you attend to your taxes.


Resources Box:Jason James is a 10 year Internet marketing veteran and an eBay Seller of 4 years. His website “The Auction Resource Network” reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.

Claim Your Free eBook: “Top 10 eBay Secrets for Successful Selling” below:
http://www.auctionresourcenetwork.com

Trying to figure out with this Technorati blogging tool is all about

March 1st, 2007

Technorati Profile

Keeping records of your Ebay business: Part 1

February 28th, 2007

Are you ready to take your Ebay business to that next level as a rich ebay seller? Would you like to quit your day job to become an ebay seller full time? Can you imagine the freedom you will have from working as an ebay seller from anywhere you please? Want to know the secret?

Good… Now that I have your attention I want to be honest with you. Today’s article does not really have any well kept “secrets” or magic wands with bells and whistles that will make you a rich ebay seller overnight. Instead, we are going to discuss the importance of keeping a proper paperwork train moving along so that your ebay business can stay strong and thrive based around good record-keeping.

I realize that this topic is a dry one but trust me, keeping good records of your ebay seller business can make or break you in the long run. As boring as it is, the advice you are about to be given is rock solid for anyone like you who wants to become wealthy as an ebay seller. It only takes one time to get audited by the IRS before everything can come crashing down on you and your business as an ebay seller. In addition to the tax law, without proper paperwork tracking, your business has no direction and will ultimately fail.

3 Reasons why it is essential to keep good records:

1. Without keeping records of everything pertaining to being an ebay seller and the sales you have made then how else will you be able to gouge your progress? A detailed paperwork trail will show you how well or how poorly your business is doing. If becoming an ebay seller full time is your goal, then keeping good records is key.

2. Second, the tax law requires you to keep records of your business. Unfortunately the law is the law and there is no choice in the matter, even if you are just a small-time ebay seller trying to make it big.

3. You may need a business loan or other type of loan from a financial institution someday. Many power ebay sellers jump-started their ebay business by obtaining a loan from the bank and you can too, provided you have kept good records as an ebay seller. Most loan applications require a ton of paperwork and all of the details and history of your business.

Tracking your Ebay business is not just for the IRS:

If I were to ask you today how your business is doing as an ebay seller, what would your answer be and what would determine that opinion? It’s not enough just to say that you are doing good in your business. Instead, your answer should be calculated from your paperwork records, by tracking specific items.

In other words, keeping detailed records of your ebay seller business is not only for the purpose of the IRS but also to help you create a profitable business plan based on actual facts. For example, do you know which ads are pulling in the most sales? Do you have the history of testing and tracking on the ads that are not pulling in sales? Are your profit margins high enough to cover your business expenses? What percentage is profit?

It would obviously be impossible to accurately answer these questions unless you were the kind of ebay seller that kept good business records. And if you have not started documenting and saving copies of everything pertaining to your ebay business, then it is never too late to start! With a little commitment and self discipline, you can get into the habit of keeping the books up to date immediately.

Taking that first step:

Getting started with keeping the books up to date with your ebay seller business is kind of like doing that big chore that you have been putting off for a long time. You know you can do it, you know it needs to be done, but getting started just seems like a mountain to climb.

Well let’s break that mountain into a molehill today and get started with explaining to you about profits margins and gross profit margins.

1. What is Gross Profit? Gross profit is your starting point in order to determine profitability from being an ebay seller. You simply subtract the total cost of your inventory that you have sold from the total revenue that you earned for the sales.

2. What is a Gross Profit Margin? A gross profit margin is a determination of how profitable you are as an ebay seller. You will know this information by dividing your gross profit by your total revenues. The higher the percentage is, the better off you are as a profitable ebay seller.


Resources Box:Jason James is a 10 year Internet marketing veteran and an eBay Seller of 4 years. His website “The Auction Resource Network” reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.

Claim Your Free eBook: “Top 10 eBay Secrets for Successful Selling” below:
http://www.auctionresourcenetwork.com

eBay marketplace fraud: How to fight it!

February 20th, 2007

Did you realize that online auctions tops the National Consumer League’s list of scams perpetrated online? Although the ebay marketplace has a wonderful track record of 99% honest transactions, you still need to be savvy to the sort of criminal activity that does happen within the ebay marketplace and stay clear of fraud from both an ebay seller and ebay buyers.

Below is a list of the top three offenses that happen within the ebay marketplace community.

1. Bid Shielding: This is when a pre-organized group of ebay bidders enter the ebay marketplace and team up to bid on a particular item, thus inflating the high bid to scare off real shoppers. At this point the lowest bidder (member of the scam) then has everyone else retract their bid and comes out winning the auction at at a dishonest low price. If you sense that bid shielding is going on within the ebay marketplace then report them immediately.

2. Descriptions are are totally misleading or photos that are obviously fake: This is an ebay marketplace sellers scam where the auctioneers falsely and unethically distort the description of the products they are selling. This criminal seller within the ebay marketplace will go as low as stealing photos from online and totally create a false product presentation. And when the buyer receives the shipment it is always a lesser classed product then was bought that does not match the auction.

3. Shilling of the Bids: This scam is perpetrated by the sellers of the ebay marketplace and is something that is hard to catch unless you were closely following the seller in question. Simply put, bid shilling is when a seller auctions off a product on the ebay marketplace and actually raises the bids himself in order to draw attention to it and have the price raised. How does one do this? They use multiple Ids or the enlist other separate bidders to enter the ebay marketplace and team up on the scam.



Resources Box:

Jason James is a 10 year Internet marketing veteran and an eBay Seller of 4 years. His website “The Auction Resource Network” reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.Claim Your Free eBook: “Top 10 eBay Secrets for Successful Selling” below:
http://www.auctionresourcenetwork.com

crash course in having your Ebay merchandise drop shipped

February 20th, 2007

Having your ebay products drop shipped sounds like a great idea on the surface but the real question is; can you drop ship ebay goods and realistically count on them to arrive to your buyer on time, having the correct product, and in one piece? Most often the answer is yes, you can.

Having a 3rd party company drop ship ebay merchandise for you ideally works like this: Once you find a distributor to drop ship ebay goods for you then you place those products online in your ebay auction with a full description and a photo caption to go with it.

When your customer purchases this product and the payment is processed, you send the order to your distributor. The distributor in turn will always drop ship ebay merchandise to your customers. What makes it “drop-shipping” is that the package should always show that you were the actual shipper with the return label your business name and information without you actually having shipped it out.

If your distributor will drop ship ebay products for you and it all goes smoothly then this practice is a win win for everyone. You do not have to stock ebay inventory and your distributor has no worries of the retail sales end of things.

On the other hand, there are definitely stories of unreliable distributors that will offer to drop ship ebay products for you that you will want to stay clear from. You customer does not care who messes up a job if your distributor is supposed to drop ship ebay products to them and the product never arrives or comes damaged. Can you blame them? No way. If you had ordered a product from Ebay and the product never arrived then the owner of the auction would be to blame, regardless if that person claimed to have distributors drop ship ebay merchandise for them.

The best way to test new distributor is to place an order and have it shipped to a friend or family member so you can see how the shipping procedure goes. You will find out if they will drop ship ebay products for you on time and with the correct labeling. Good luck!



Resources Box:

Jason James is a 10 year Internet marketing veteran and an eBay Seller of 4 years. His website “The Auction Resource Network” reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.Claim Your Free eBook: “Top 10 eBay Secrets for Successful Selling” below:
http://www.auctionresourcenetwork.com