eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 

Your Online Guide » Internet » How to Sell on Ebay

[L216]Lease Vs Buy Calculator
by James A.hill, Jam
Reserve Price
A Reserve Price is indicated when the item will not be sold at a price lower than a certain set price. Price listing in different categories also plays a critical role.

Why Use a Buy Now Scheme
In the "buy now" scheme, a buyer may be prepared to offer a higher price for an item which he badly needs, but since the price is already fixed by the store, he gladly buys the item. Your store loses the difference. Usually this method is used to sell commodity items or fast-moving items for which the demand is on the higher side. The advantages are:
1.You will be able to sell more items because the buyers know once they select the item they are certain that they would receive the same in due course (depending on the delivery terms you have stipulated) and that there is no waiting period. Most buyers are happy with this arrangement.
2.You will be able to compete with others who are not following this method, otherwise, the buyers need to bid for an item and wait and take their chance of clinching their order or not because the item in question will be sold only to the highest bidder.
3.Eventually this will even drive more traffic to your store as the buyers are confident that they can buy items at a reasonable price from your store without having to wait. Remember, Ebay is the largest online marketplace, and not everyone on Ebay has the patience to bid and wait!

When to use Reserve Price Scheme
The "Reserve Price" scheme, on the other hand, is used mostly for items which are slow moving or certain unique or rare items known as "collector's items", antiques and curios, or used items or a "one-off" article meaning no more of the same article is available for sale. The advantages are:
1.Though you have fixed a certain price as the rock-bottom price at which the item in question will be sold, buyers will compete with one another to buy this item, each buyer outbidding the other in the process resulting in more profit for you.
2.Further, since you have fixed a "reserve price", you have the option to withhold the sale if you are not satisfied with the bids received.
3.If you stock and offer more such items, the buyers will always remember your store whenever they are searching for rare or unique items, increasing your store's popularity.

Your Product on Ebay
So, evaluate your item which you are selling on Ebay, will they do better with or without the Buy Now scheme? Of perhaps your product is better off with a solid starting Reserve Price. Either way, there is no absolute right or wrong answer. Test both out and see which one works well for your product if you are not so sure. Remember, anyone can be a Ebay Power Seller! So, Start Selling on Ebay!

I would bet that if you ask most people today about the threat of Polio, many would tell you that the disease was knocked out decades ago because of a standard vaccination regimen now required for children. Yet, there was an outbreak of Polio in Minnesota last year and the disease exists in other countries all over the planet - and this is how I think about e-Learning build vs. buy decisions.

I think if you were to talk with most e-Learning pundits, analyst firms, and consultants, they would tell you that most companies today should know that they could purchase an off-the-shelf solution out there to meet their needs. But, some companies don't.

How could that be? There are over hundreds of e-Learning content authoring tools out there in the market place. There are many, many, web-based, enterprise software solutions available, which manage and track training.

Defiantly, the analysts say…. look at the waves of mergers, consolidations, and partnerships in the e-Learning industry in the last few years. [Pathlore swallowed up Centra, only to be acquired by SumTotalSystems; Blackboard bought Web CT; NIIT just bought ElementK; Embanet just teamed up with McGraw-Hill Online; and the list of deals goes on and on.] All of these signs must point to a maturing industry with lots of options and functionality for companies needing this technology. But wait! We have more proof, they say….

What about the ‘convergence' of web-based training management, web conferencing, messaging, talent management software, performance management software, project management software, e-Commerce, and other technologies? Surely all of these signs must point to a maturing e-Learning/Learning Management Systems industry. How could anyone ever dream of wanting to build one of these things themselves, or, as the character called Vizzini in the 1987 movie, ‘Princess Bride' would say …Inconceivable!!!!!

In fact, not a month goes by without at least one company deciding to build their own systems despite all their research, consensus building, vendor choices, RFP processes, and planning. And when I say build their own systems, most of the time, these companies are not using open source technology to do it! [Do I hear a big gasp from the open source community?].

I see this happening at big companies and small companies alike, and while it might be fun to spend cycles pontificating as to why it is this way, I prefer to leave that for the academics and take an in-depth look at the e-Learning Build vs. Buy decision.

Traditionally, general IT build vs. buy best practices say to build when:

- business needs are unique;

- proprietary information or data needs to be protected;

- no off-the-shelf products exist;

- off-the-shelf products would be too costly and complex to interface with your company's ERP system using an LMS vendor;

- IT can build the solution themselves;

- IT wants to use open source technology to build it.

But, do these hold true for e-Learning build vs. buy decisions. Let's take a look.

The business is unique

Everyone likes to think they are special or that their problem is unique. If people are like this in their personal behavior, this is certainly manifested in corporations. You're a training company serving a unique audience, or you're a training manager in a complex manufacturing environment that has special certification issues related to production. So how could one e-Learning solutions company understand your problem?

If you have selected a knowledgeable and experienced vendor, try to remember that they have been working in the e-Learning industry exclusively and it's all they do. So, while you think your issue is original, chances are that they have heard something like it before, and have served others with similar problems and needs.

I will say that SyberWorks has been serving the web-based training industry since 1995, longer than most of our competitors. We are a privately owned corporation that is not at the behest of investors or venture capitalists.

Protecting proprietary information or data

The issue to identify here is to determine what you are really protecting, and to ask whether there are other ways to solve the problem. For example, you might want to host the solution on your own server, to protect your data, because you're afraid the information could be compromised. As part of your hosting plan, you could simply purchase a server dedicated to your data and have the LMS company set up a secure https, which they will manage and support for you.

Or, security permissions can be set up in your organizational hierarchy so that only selected job roles or levels can see certain information. A reputable e-Learning company will have load-balanced secure applications with solid intrusion protection, static and dynamic protection strategies, and disaster recovery (with their information stored at a secure data center). A reputable e-Learning company will have non-disclosure agreements, a detailed maintenance and support contract, and customer support.

No off-the-shelf products exists

As I stated previously, there are hundreds of course and content authoring tools available in the market today. There are also many Learning Management Systems, at a variety of price points and levels of functionality. If you find that searching on Google, Yahoo, or MSN for “learning management systems” gives you incomplete results, use a vertical search engine like Capterra.com that is focused on the software industry.

Off-the-shelf products would be too costly and complex to interface with your company's ERP system using an LMS vendor

Part of the service a custom e-Learning solutions company like SyberWorks provides is the ability to integrate its products with a company's IT systems. Companies like ours do this type of work day in and day out with all kinds of systems, so they become specialists in this type of work. They know the e-Learning project-management steps to take, to eliminate scope creep. Since they perform this work routinely, it takes less time and costs less for the Learning Management Systems vendor to perform this work, rather than the company's IT staff (which has no knowledge of typical e-Learning product specifications).

People in IT can build the solution

But do they really have time to build it? Does your IT department have the right set of skills, and the necessary time, to build a system that will adequately meet your needs? Should your IT staff be spending their time this way? Do your IT people have experience building e-Learning applications? Do you have software development and quality control processes in place to manage the in-house development of this product? What happens when the developers who created this in-house system move on?

These types of projects really need a set of internal champions and evangelists to drive them to fruition. Does your IT department have relationships with these types of individuals in your organization? Do you have a person on your staff who will be devoted to managing this aspect of the project? Does that person have the right set of people skills to do this? Maybe it's the CIO's job to perform this function, but do they have the time and inclination for it?

If your IT department does not have good relationships with the internal champions and evangelists piloting your e-Learning implementation, how will you be able to build a system that meets your company's needs? In this scenario, you run the risk that people will not use system you have designed to serve their needs, wasting your development time and money.

IT wants to use open source technologies

In addition to the primary concerns about the time it will take to develop an e-Learning program from scratch, the cost, and the concern over what will happen when the open source developer leaves your company, there are other considerations.

If you use open source software, you are bound by the license to maintain their product's branding. There are other terms of the GNU General Public License, which may or may not be advantageous to you and your corporation.

Specifically, the GNU General Public License “is intended to guarantee your freedom to share and change free software--to make sure the software is free for all its users… When we speak of free software, we are referring to freedom, not price. Our General Public Licenses are designed to make sure that you have the freedom to distribute copies of free software (and charge for this service if you wish), that you receive source code or can get it if you want it, that you can change the software or use pieces of it in new free programs; and that you know you can do these things.”*

For example, let's say that you use open source software to develop your e-Learning program and you make modifications to it, specific to your company, and its needs. By virtue of the GNU license, you must freely distribute your company's specific modifications because it states, “if you distribute copies of such a program, whether gratis or for a fee, you must give the recipients all the rights that you have. You must make sure that they, too, receive or can get the source code. And you must show them these terms so they know their rights.”*

The GNU license also states, “for each author's protection and ours, we want to make certain that everyone understands that there is no warranty for this free software. If the software is modified by someone else and passed on, we want its recipients to know that what they have is not the original, so that any problems introduced by others will not reflect on the original authors' reputations.”*

This article is not an analysis of the GNU General Public License. I raise a few of these considerations to make the point that the terms of the license may or may not ultimately fit your company's business case scenario, long term strategic goals, needs, and requirements for future support.

To summarize, for most e-Learning build vs. buy decisions, it's in a company's or organization's best interest to purchase an off-the-shelf e-Learning solution to meet their web-based training needs. And, I for one would like to see Polio wiped out all over the world in the next few years! Wouldn't you?

*GNU General Public License, Version 2, June 1991 http://www.gnu.org/licenses/gpl.txt

Article Source : Pg. 11

About Author
Both James A.hill & Bob Goldschneider are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

James A.hill has sinced written about articles on various topics from Hair Care, Aquarium Fish and Hair Care. An idea, a need, a passion, a calling--everyone has a reason for starting a business on eBay. ? Get Your free Ebook (worth $9. James A.hill's top article generates over 2900 views. to your Favourites.

Bob Goldschneider has sinced written about articles on various topics from How to Sell on Ebay. Bob Goldschneider has over 25 years of experience in corporate training and educational services. He is the Director of Business Development at SyberWorks, Inc. (
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