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Ebay Strategies: 10 Proven Methods to Maximize Your Ebay Businessby Scot Wingo
Synopses & Reviews
"Scot Wingo is the eBay strategist. His depth of insight is unparalleled in the industry. eBay™ Strategies is essential for those who make their living online."
--Scott Samuel, Founder, Honesty.com Founder/CEO, Ethical Technologies, L.L.C.
" eBay™ Strategies is a must-read for anyone serious about growing their eBay business. I know because the strategies discussed in this book have helped us become one of the fastest growing businesses on eBay."
--Randy Smythe, President/Owner, Glacier Bay DVD (glacierbaydvd)
"The advice provided in eBay™ Strategies will help any business achieve a fast start-up on eBay. We have used Scot Wingo's strategies to grow our business to a huge volume. His advice is top-notch."
--Suzanne Hallam (pugster888), Fastest growing eBay seller in Q2 2004
"I have met hundreds of eBay scholars over the years, but very few are on a par with Scot Wingo. Scot combines an intimate knowledge of eBay and its workings with a healthy level of skepticism and clear thinking. I found his book to be both entertaining and informative."
--Jay Senese, Cofounder, JayAndMari
"Scot Wingo's new book is a must-read for sellers attempting to boost their eBay business to the top level!"
--Bill Bogardus (biggbill), Top eBay PowerSeller
"The insight, clear explanations, and selling methods in eBay™ Strategies are going to create hundreds, if not thousands, of new Platinum PowerSellers!"
--Mike Enos, Editor, PlatinumPowerSeller.com newsletter
The savvy business book for established eBay sellers who want to break through to the next profit tier!
Scot Wingo, a leading authority in the online auction industry, has captured best practices from 3,000 of eBay's most successful businesses and crystallized them into 10 proven strategies for taking your eBay business to the next level . Whether you are just getting started selling on eBay or have been at it for years, the proven methods presented in eBay™ Strategies will take you beyond the basics, helping you maximize your business while avoiding common mistakes that cost you time and money. If you're dreaming of greater success on eBay, get ready to turn dreams into reality!
"There are businesses earning $1 million a year selling products on eBay, and, according to Wingo, who consults for the Web site's sellers through his firm ChannelAdvisor, the Darwinian rule of eBay is that your business must grow or die. As Wingo makes clear, this is not a primer for beginners: it's for experienced sellers who want to take their business to the next level. Most of the book elaborates on Wingo's five P's for eBay success: product (choosing product, understanding its life cycle), price (the price/velocity curve), promotion (e.g., using the eBay search engine to your advantage), placement (choosing the right category for your products) and performance (how to measure it). There's lots of eBay and business terminology, but concise chapter summaries review key terms and concepts and provide exercises. For experienced eBay sellers who want to grow their business, this is a clear, concise and useful tool." Publishers Weekly (Copyright Reed Business Information, Inc.)
Book News Annotation:
Intended for people who have already made a sale on eBay, this book offers ten specific strategies for building an eBay business, and provides a framework for thinking strategically about price, product, promotion, placement, and performance. Case studies at the end of each chapter illustrate how a real-world seller applied one piece of the framework.
Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)
About the Author
Scot Wingo is president and CEO of ChannelAdvisor, which provides auction and marketplace management software and services to a wide range of companies, including IBM, Best Buy, Dell, Glacier Bay DVD, and 47th Street Photo. ChannelAdvisor processes more than $30 million/month in transactions on eBay and has won two eBay Star developer awards.
Table of Contents
CHAPTER ONE: Why Build a Great eBay Business? 1Who This Book Is For 4
Get Big Fast 5
The eBay Economy 5
eBay Makes Inefficient Markets Efficient 12
But Not All Large eBay Businesses Are Great . . . 16
The Goal of This Book 20
How to Read This Book 21
Chapter 1 Summary 23
CHAPTER TWO: Building a Foundation for Your eBay Business 25eBay Listings Terminology 26
eBay Fees Refresher 27
Know Your eBay Business Critical Vital Signs 29
Strategy 1: Know Your Critical eBay Vitals! 37
Noncritical Vitals 42
A Tale of Two Documents 48
Chapter 2 Summary 53
CHAPTER THREE: Introducing the “Five Ps”: The Strategic eBay Framework 57The Five Ps 59
How to Use the Five Ps 61
Strategy 2: Set Your Strategic Goals 62
Chapter 3 Summary 66
CHAPTER FOUR: Product 69
The Product Life Cycle 70
Strategy 3: Understand and Leverage the eBay Sweet Spots 74
Product Seasons and Regionalization 78
Product Depth and Width 79
Product Mix 82
Product Classification 84
Sourcing Product 85
Case Study: GlacierBayDVD 91
Chapter 4 Summary 95
CHAPTER FIVE: Price 97Strategy 4: Understand The eBay Price/Velocity Curve 98
Caution: Falling ASPs 102
$1NR: An Overused and Potentially Dangerous Strategy 111
Strategy 5: Use the Perception-of-Scarcity Strategy 115
Strategy 6: Use the Second-Chance-Offer Strategy 118
Price and Classifications 124
Case Study: DesignerAthletic 126
Chapter 5 Summary 132
CHAPTER SIX: Promotion 135Promotion and the Price/Velocity Curve 136
Strategy 7: Optimize Your eBay Search results 138
Strategy 8: Build Your eBay Brand 170
Case Study: MobilePC 178
Chapter 6 Summary 181
CHAPTER SEVEN: Placement 183eBay Placement 184
Strategy 9: Explore Other Channels 190
Case Study: CrazyApe 205
Chapter 7 Summary 211
CHAPTER EIGHT: Performance 219Strategy 10: Use an eBay Dashboard 220
More Dashboard Ideas 228
The Product Dashboard 229
The Price Dashboard 235
The Promotion Dashboard 238
The Placement Dashboard 242
Performance Conclusions 245
Case Study: JustDeals.com 246
Chapter 8 Summary 252
CHAPTER NINE: Putting the Five Ps to Work 255Product 257
APPENDIX: THE TEN EBAY STRATEGIES 267
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