Still the money discussion on point. Some days ago in updated you with the #5 profit centre of the online income streaming. As I promised to conclude this discussion in due time and in a powerful way, I have come to fulfill my promise.
As I said in my last post that this last post is going to be powerful, you may be asking “what’s gonna make it powerful than the others?” Yea you’ve got a nice question there you will answer your question on your own after you finish the reading.
When it comes to online money most people take it some how because of fear but I came across a word that says “YOU HAVE TO USE WHAT YOU HAVE TO GET WHAT YOU WANT” I think this word make some sense because if you must conquer you must fight and is either you fight with your strength or whatever you wanna use to fight but you target is to conquer and you will do anything to met your target the same goes to money.
In online money, there are some rules which if you do not apply the rules you will definitely fail that is where you will use what you have to ge what you want.
I have been discussing on this very topic with different tagged for some couple of time and its the last tagged on this discussion you can get yours here https://naijainfozone.wordpress.com/category/making-money/
If you missed any.
In today’s discussion I will be focusing on “AUCTION” and the summery of THE SIX WAYS TO MAKE MONEY FROM YOUR SITE but before I will continue I will like to ask:-
*How the discussion transform you and your site so far?
*What you benefit reading my post?
*What are your focus?
*What are your next expectation?
Drop your answer here by commenting on this post remember with your comment and contribution I will suggest or figure out what you need so let’s get started on:-
ESTABLISHING YOUR OWN AUCTION:
I am going to walk you through the auctioning process as I said in my last post this part of publication is very powerful and interesting but to get started, let’s first take a short look at the definition of AUCTION.
WHAT IS AUCTION?
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange. When an item you want goes up for bid it will usually start low and the auctioneer will raise the bid amount every time someone bids until there are no more bids on that item at which time they will sell the item for the highest bid.
TYPES OF AUCTION:
There are many types of auctions. Some of the most common are:-
*Real estate and many more
WHY CHOOSING AN AUCTION OVER OTHER SALES?
There are many reasons but if you look at many of the high record setting prices that people get for property is done at auction. A good marketing plan for an auction brings people who are looking for the item being sold and the more people you have at an auction then better chances of getting good prices. When you have two or more people competing for the same item the price usually goes up.
There you get!!
Have you ever bought anything at an auction?
What is there about auction that is so seductive?
Auction is a perfect formula for creating a feeding frenzy!!
You get it again!!!
The auction model applied to the internet is one of those rare business idea that looks, in retrospect, to be a stroke of pure genius.
When millions of people focus for a single item for a limited time frame, those who wouldn’t even consider buying such an item in an ordinary department store fight with total strangers to outbid each other over the internet.
Why should you participate? Don’t you have some stuff in your possession or in your business inventory that would be perfect for an auction?
These are the three major benefit of setting up your own auction:
- It can generate extra income for you
- It’s a great way to advertise your website and expose more people to your ongoing business
- It’s the hip thing to do.
WHAT ARE THE INTERNET AUCTIONS?
Internet auction have been on since the mid 1990s, although it wasn’t really until the late 1990s that their popularity begin to explode.
EBay is the king of the online auctions, and while they are still popular, there are now literally thousands of auction site to choose from. Many like ebay are general person-to-person auction site with many categories covering just about anything you can think of. New and specialized auction site pop up every day.
Online auction provides a forum for anyone to sell just about anything. Most action charge a small fee to list your item for sale, plus a small commission once the item is sold.
When you list an item for sale you choose the opening price. From that point, those who are interested bid on your item. Most auction run for a predetermined number of days. At the end of that time, whoever entered the highest bid wins the item.
When you place an item for auction, you are promising that you have the item available. When you bid for an item that is up for auction, you are promising to pay the amount of your bid plus any applicable shipping and handling charges if you submit the highest bid. It works much like a live auction except for the fact that the bids don’t continue for as long as people are bidding. Once the auction is over, it’s over.
When you win an auction, you remit the money to the sellers. After the seller receive your money, they sent you the item(s) you bid for and won.
It takes a lot of trust to send money to a stranger. Of curse, mail order has been around for a long time, and many of us have sent money to a brick-and-morter companies trusting that we will receive what we paid for.
With online auctions, though, most often you aren’t dealing companies, you are dealing with individual who may or may not be honest.
This is where feedback comes in. Feedback is essentially the online user’s auction reputation. It is a type of rating system that allows bidders and users to leave a comment about each other. It is the only way to allow other bidders and sellers to find out who is trustworthy. Normally, there are three typs of feedback:
Obviously, if you have a good experience dealing with someone you will post a positive comment. If you’ve had a really bad experience that couldn’t be resolved you would post a negative comment. Neutral feedback do not express strong feelings one way or the other. Each positive comment result in a gain of one point, each negative comment result in a loss of one point, while neutral comment neither add or subtract from the rating.
While viewing people’s feedback file can help ease your mind about doing business with them, people who are just starting out have no feedback or perhaps a very low feedback rating. In this case, you have to make a judgment call and trust your instincts. Everyone start at zero. Just because the person doesn’t have a high feedback rating doesn’t mean that individual isn’t honest.
The six ways of crating cash flow will take time, effort and investment to incorporate into your website, but they could become powerful ways of creating a multiple streams of income for you.
See An Excellent Example:
For an excellent example of a website that combines all the six source of the continue cash flow, I will point you towards http://www.datingdating.com roam around this site to see if you can spot all six source of cash flow to the site owner. You may not be in the market for dating service, but you will do well to emulate much of what you find on this site. In the far bottom right-hand corner of the site you will see this link:
When you click on it, you get a page that list the following information.
Whether you are building or maintaining your own dating service or you are considering making money as an affiliate of a dating service, Dating B2B is here to help you with promotional ideas, additional content suggestion and service to help you add “stickiness” to your dating service website so you can increase your traffic and make more money.
- PROMOTIONAL IDEAS
*EXIT TRAFFIC REVENUE GENERATOR
*DATING SERVICE AFFILIATE PROGRAMS
*HTML AND JAVA TIPS
*CLSSIFIES ADD SITE
The index on this page (DATING B2B) list several links to help subscribers build their business. Not only is this a rich source of information, it is an excellent way to help site visitors make money.
*CONTENT IDEAS FOR YOUR SERVICE
*FRIENDLY SERVICE YOU NEED
*AFFILIATE PROGRAMS TO MAKE COOL CASH
*ADD REVENUE STREAMS WITH CONTENT AND BY OFFERING ADVERTISING OPPORTUNITIES
*HTML, JAVA TIPS AND TRICKS
FORUM FOR WEBMASTERS TO DISCUSS ISSUES AND IDEAS
When you click on the add revenue stream link, you see several interesting and useful page.
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