Are You Ready for Something Amazing?

For the past 3 months, I've been hard at work putting together my new online school, Unite eCommerce. This concept is completely different from what is already out there for online eCommerce learning. Unite eCommerce has community college feel - students can choose what classes they want to take, pay by the class, show up, and learn. No monthly membership fees, no prerequisite classes, no experience or education required. Class fees will be reasonable and affordable. 

The online learning world has become over saturated with outdated recorded programs, 99 cent eBooks, hour long "sell-a-thon" webinars full of chit-chat, and hype that is useless to most people who are serious about really learning how to make money online. Almost everything has an affiliate program attached to it - so you never know if the content is going to be valuable, or if the person selling the information product is just trying to make a quick buck. Has that person even tried the product? Do they really believe it will help their audience? Maybe you receive newsletters that contain 90% affiliate links from people who seem endorse every new product or service the moment it is launched. I'm going to give you something completely different.

I have separated myself from the crowd and offer real education for people who are serious about learning how to make money online. My classes will always be live, will always have the latest information, and will always be taught by people who are currently doing the business - not somebody who did it 2 years ago or who is just reading a script. My team consists of 12 successful entrepreneurs, all of whom built their business from nothing and are mentors in their fields.


UNITE  MANIFESTO
 
1. Real Actions. Real Results. We aren’t about hype, fluff, fads, or theory that doesn’t work in the current marketplace. We, like you, want clear actionable steps that give you real results- and that is exactly what we give you.

2. Build Up, Never Down.  We are all about creating an online community that doesn’t just help you grow your business, by learning from the experts but one that also helps you learn and grow from others in a supportive environment.

3. Support. Support. Support. Yes. We are all about helping you and supporting you as you grow your online business.

 So, what kind of classes can you expect? Here's a sneak peek of what is coming in the next few weeks:


Record Keeping and Basic Tax Info for your eCommerce Business
 
eBay for Beginners - USA

eBay for Beginners - Australia

eBay for Baby Boomers

eBay for Intermediates - USA

eBay for Intermediates - Australia

Etsy for Beginners  (add another income stream - sell vintage or hand made items here!)

How to Hire Help for your At-Home eCommerce Business 

How to Make Money Mystery Shopping (when you are on inventory lock-down but still want to make money!)

How to Make Money Writing for the Examiner (something you can do when sales are slow!)

How to Sell Books on eBay and Amazon

How to Sell Children's Clothing on eBay

How to Sell Pre-Owned Women's Clothing on eBay

 Sign up to receive updates about class times, teachers, and more new classes here.

Things are going to start moving fast in the next few weeks as sellers prepare for holiday selling. Will you be ready?

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eBay Changes Manufacturer's Coupon Policy

Did you know you can sell grocery coupons on eBay? Well, technically, you aren't able to sell the actual coupon, you are selling your time to find, clip, and mail the coupon for the buyer. eBay has had a pretty liberal policy for selling coupons, but recently a few things have changed due to the growing problem of grocery coupon fraud. Here are the new rules:

You may sell up to $100 or 25 valid, unexpired, original coupons per month.

You can't sell more than 25 coupons in a single listing. The allowed 25 coupons per month include multi-quantity listings.

Make sure you clearly state in your description how many coupons you're selling. If eBay can't tell how many coupons are offered, the listing violates their policy.

Coupons for "free" products: You can't sell coupons for "free" items.

Electronic "scanned" coupons: All coupons sold through eBay must be physical coupons printed on paper, not coupons that can be sent electronically to the buyer to be printed. 

Read the full eBay policy here.

Now, if you aren't a coupon seller, maybe you are a coupon buyer? You don't have to be a black belt couponer to reap the benefits of using grocery coupons for either personal or business purposes. I have purchased grocery coupons online for years, and coupons were a big part of my eBay UK health and beauty business. Now, I sell a lot of groceries on Amazon, most of which are repeatable and I replenish every week. (Check out my Amazon Grocery Class here.)

Think about it - if you are buying the same items over and over again, and you know in advance what you will be buying because you know what sells, why not plan for those purchases by stocking up on coupons to cut your costs? I can save about $50-$100 a week on my Amazon grocery purchases by planning ahead and keeping a well-stocked coupon stash with me when I go shopping.

Let's say I sell this Jergen's Glow Moisturizer on Amazon, and I sell 10 a month. I can get the coupon below for 15 cents from the Coupon Clipper site, and it saves me $1.25 on each unit.

My net savings after I redeem the coupon is $1.10 per unit, or $11 a month. Now multiply that effect with 20-30 different items and you can see the reduction in your inventory cost. So, buy planning ahead and buying coupons for items I already know sell, I can reduce my cost.

I purchase grocery coupons from eBay or from coupon sites such as The Coupon Clippers or Select Coupon. Resources for finding inventory, and reducing inventory cost are all around you!


Related Articles:

How Kraft Foods Paid my Mortgage in 2012

Online Class- How to Make Money Selling Groceries on Amazon

Using Grocery Stores as an Inventory Source

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Amazon Pricing - How to Swim With Sharks Without Being Eaten Alive Part 2

Welcome to part 2 of this series. This post will give you some ideas on pricing an item, both Merchant Filled and FBA for which there are no other offers. This is my strategy, ask other sellers you will get other answers. These are just some guidelines I give my clients.

If the item is being sold merchant filled, and there are no FBA sellers and Amazon does not have it, add the price of the item, the shipping cost, and $2. This is a starting point. If the item sells quickly, you can raise your price. If this is a repeatable item that you can source more of, you can continue to raise your price to find the threshold of what a customer will pay. If the amount is near $25, I always try the $25 price to make the item available to Super Saver Shipper customers. Even if the merchant filled + shipping + $2 price is around $20, I will try $25 to see what happens. You can always reduce the price later if the item isn't moving.

If the item is listed on Amazon, but shows the red message, "Currently unavailable, sign up to be notified when this item becomes available," this is a good sign!

This means that the item has sold on Amazon but is now out of stock. These items are usually hard to find, perhaps discontinued, and buyers really have signed up to be notified when the item is available (when you list it MF or it hits the FBA center), and you can set the price. In this case, you want to go to Google and search for the product to see what it sells for on other sites. (You may find some more to buy this way, too!) Or, view eBay completed listings to check for recent sales. Look closely at the Google results. You may find posts on message boards where people are discussing the product, how it is hard to find, and what they will pay. For example, on the product above, Tone's Steak Dust, I found this article posted recently:


The article does not mention how much the item cost on Amazon, but you certainly get the idea that consumers in search of this item are being directed to Amazon to find it. Rule of thumb is to price your item 3 times your cost, but in this situation with an unavailable item, you will want to go much higher. If the item doesn't sell within a reasonable amount of time (I allow 2 months), you can lower the price. If the item sells quickly, you can raise the price to find the threshold of what the customer will pay.

It is very important here to take your own preferences, opinions, buying habits, and budget out of the equation when pricing for Amazon. You must never think, "Nobody would pay that." How do you know what everybody would do? Just because YOU wouldn't pay that price, does not mean NOBODY will. Give it a chance, you will be surprised or even shocked at what consumers will pay for their favorite product. Cost is relative. Do people like Donald Trump, Bil Gates, Oprah, or Ted Turner really care what they pay for consumer products? You may not be one of them, but the world is full of rich people who don't know or care what they spend to buy their favorite products. Do you really see Martha Stewart, Julia Roberts, or Paula Deen walking around Walmart finding the best buy on everything they need?

We are often referred to as "price gougers" because are able to sell our products far above the MSRP. However, an item is worth what someone will pay for it. Unless the item is a life-saving medicine, medical device, or needed for human survival, I don't have regrets for selling items at what the market will bear. That is what this business is all about.

Stay tuned for the next installment about why I think sales rank really isn't all that important anymore.

Resources:
Part 1 of this series

Join my Online Seller's Facebook Group

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