Thursday, February 07, 2008

Ebay Bans Negative Feedback By Sellers


Ebay have announced that they are going to ban negative feedback by sellers in the marketplace, i am wondering what would have led to this decision.
Would this step not have a negative impact on sellers and give buyers the edge over sellers.Trying to protect buyers from bad sellers,how does this balance out.

Tuesday, January 29, 2008

So Much Money In Hands Of One Trader..Oh 'Kerviel'

A certain Mr Kerviel trading for French Bank Societe Generale just lost so much money that would extinguish the economies of some small developing countries.I mean an amount so large it is more then the GDP of some countries, what is the world coming to.
Question is, why do banks allow so much money in the hands of just one individual? the craze for greater profitability you may say.
Kerviel probably did not know he could loose so much, and just kept covering up and trading more so that he could maybe recover some of the losses, but instead he made more losses.Societe Generale says his actions cost it 4.9bn euros ($7bn; £3.7bn).

Wednesday, January 16, 2008

Subprime or Subwoes???

Real estate and Mortgage lending in America is in real bad shape,no thanks to the subprime woes.
Countrywide has gone bankcrupt and Bank of America becomes the nation's largest mortgage lender after buying Countrywide in a deal worth about $4billion, but the question is will that solve the problem.
With hundreds of people having to sell their homes to settle existing debts,it is hard to see where and when this will end.

Blogging For Dollars

When i first read about blogging and how it has made a lot of people rich,i doubted such possibilities.Well,you blame me,i come from a country where not untill now,people grew up with the impression that the internet was only a place where crime perpetrated.
I had a different mentally though,i had to convince myself otherwise and i did.My research led me to understand that people were indeed making a very comfortable living writing articles online and getting paid for those articles.And of-course you have the medium to reach out to a wide audience.
Blogging can really bring in the needed cash,but one has to beware in choosing the medium as there are lots of fraud sites out there.
Though not using them for now, my top picks are :
www.payperpost.com and www.smorty.com
A friend who uses smorty highly recommends them,and i hope to try them out some day.Payperpost i hear is awesome.
Happy blogging for dollars!!

All About Dropshipping

As a fulfillment to my earlier promise to make the next few posts a sort of a lesson on dropshipping, here we are.

For many years businesses have use dropshipping as a means to move merchandise to customers. It has become very popular especially with small business. It is one of the tools that business uses to enlarge the staff and to enhance the service. It also saves overhead expenses it saves gas and it saves time.
It just makes good sense if you are selling online, and especially if you are the only in your business, to use a drop shipper. When you use a drop shipper you have a larger inventory to offer your customers. Most companies do not have large warehouses to store merchandise even more so most companies cannot afford to rent or own a large storage facility. Many companies operate from one room in the home and use drop shipping to extend the company facilities. It is a very simple process if you want to use a drop shipper to help you move your merchandise. Some businesses have become a success because they have used dropshipping to enhance their business. When you are using drop shipping as a means to move your merchandise or to send orders you really don't have to leave your home.
All can be done from your computer or even a mail order catalog. Most homes today have computers and use them to sell merchandise online. All you have to do is send the wholesale cost of the merchandise to your drop shipper and the name and address of your customer and the dropshipping company will send your merchandise right to your customer's door. This saves you a lot of time because you don't have to address labels you don’t have to wrap packages and then go to the post office. You may stay at home and do all of this from your desk. It is much more convenient to dropship when you are getting your merchandise from the same company that is doing the dropshipping. Check with your drop shipper and become very familiar with the rules and regulations of the company. In many instances you can save money if you order larger quantities of goods from the company. This sometimes depends on whether you are dropshipping retail or whether you are dropshipping wholesale. There are many companies who sell both retail and wholesale and will dropship for both. Perhaps the most important thing you need to know before you start dropshipping is policies of the company.
The company policies will let you know what you can do and what you can not do. One thing you need to consider is what you will do with the merchandise if it is returned. Some dropship companies will not allow you to return merchandise. Some companies who offer to do dropshipping will sale return merchandise locally. Don't forget to check out the dropshipper’s reputation; in addition find out how long the company has been in business. When a company has been in business for a while you will know it by the way he does business. If you are in doubt about a company you are considering you can check with the Better Business Bureau.
Do further homework by doing a search on dropshipping directories, but you can check these few recommended by me:
http://www.worldwidebrands.com/
http://www.dropshippers.com/
Also check services like http://www.salehoo.com/ where you will have a huge list of trusted dropshippers at your fingertips