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Start Your Own Online Auction Business
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| The Top Sellers On eBay & We Can Learn From Them
A fascinating eBay case study is the number one seller on eBay, a little outfit called Marie's CDs, but is better known under its old name "1 Cent CD." Jay and Marie, current ID "jayandmarie", are an institution on eBay and are a big part of what makes eBay such an amazingly popular phenomenon.
This little company is literally an eBay dream come true. They started small out of their home in California in 1999 and began growing quickly. To date they have completed over 1 million auctions on eBay and have a feedback rating of 177,018 with 99% satisfaction from their customers!
When I say grow, I mean it in a Jack and the Beanstalk kind of way. Their business started out as a little fly-by-night outfit and has now sold over 1 million dollars (yep, that's $1,000,000) annually for the past three years... Let me repeat that: over a million dollars in sales each year for three years running! Now THAT is growth!
They employ several people, have three small buildings in southern California, and ship items all over the world (mainly CDs). They got their fame from their auctions for CDs that start at only a penny...
What can we learn from this fascinating case study? What do Jay and Marie actually do?
Well, for one thing, they have huge numbers of auctions. Today, they have 83 pages of auctions listed. eBay lists 50 auctions to a page, so that is over 4,000 auctions.
Secondly, they offer great value, because their CDs begin at one cent. Yes, all of them.
None of their auctions has a reserve. Does it pay off? You betchum! Today, looking through 4 pages of eBay auctions, only 3 of them had no bids - so far.
And, naturally, their great feedback and reputation work heavily in their favor. After all, how many eBay sellers have 177,000+ feedback points with over half a million transactions completed.
This case study shows all of us how smart marketing and a great business model can pay off on eBay - and ecommerce, in general.
About the Author:
Sydney Johnston, the AUCTION QUEEN, was one of the original sellers on eBay and has been selling on eBay since the winter of 1996. She is the originator and teacher of the famous Auction Genius Course, a powerful 16 hour multi media seminar on the Internet that teaches her students how to sell on ebay.
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eBay Blocks Google Checkout as Payment Option (TechNewsWorld.com)eBay has determined the Google Checkout system, which launched last week after months of speculation, is not an acceptable form of payment for eBay auctions or fixed-price sales. Checkout does not appear on a list of acceptable payment methods that eBay updated this week.
Entrepreneur launches 'eBay for educators' (Louisville Courier-Journal)For all those teachers who take work home at night, creating lessons they hope kids will like, the reward is a good day in class. Now there could be another payoff: cash. Teachers are selling their lectures, course outlines and study guides to other teachers through a Web site launched by New York entrepreneur Paul Edelman.
making a buck (Lexington Herald-Leader)For all those teachers who take work home at night, creating lessons they hope kids will like, the reward is a good day in class. Now there could be another payoff: cash.
Out-eBaying eBay In Korea (BusinessWeek Online via Yahoo! News)eBay Inc.(NASDAQ:EBAY - News) is a $4.6 billion global powerhouse in Internet commerce, but it has struggled recently in Asia. Now it faces a dogfight in South Korea, its strongest Asian market, with an upstart that offers an intriguing mix of cheaper listings, fixed prices, and a Web site that explodes with flashing product come-ons. And to top it off, the outfit -- Gmarket Inc. -- has a
PayPal exec departs in surprise eBay shake-up (Reuters)LOS ANGELES/NEW YORK (Reuters) - EBay Inc. said on Thursday the head of its PayPal unit will leave the Web auctioneer in a surprise shake-up that closely follows Google Inc.'s GOOG.O unveiling of a rival payment service.
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