Monthly Archives: June 2016

Best Selling Online Products

When we speak of the best selling products, it is important to remember that not all of these can fetch you large amounts of money. By studying most online shopping trends and auction sites, you will find that books and DVDs are probably the bestsellers, but the chance to make a lot of money through these is virtually impossible. The reason for this is that the buyer may have limited choices for these when he is searching for it online, so he would rather go to a bookstore or a music store and pick out a new item of his choice. He ends up spending a few extra dollars but for him it is worth it. Why then, are these items still the most selling products on the web? Simply because they are easy to sell and ship. And no matter how illogical it is to carry out Internet shopping sometimes, there will always be a buyer. The volumes are extremely large doubtlessly, but the revenues are minimal.

List of Top Selling Products

Here are some of the most popular items that regularly change hands over the Internet. The buyers get these things to sell online cheaper than they would in the market, but the disadvantage is that there are no assurances about the quality and the state of the item in question.

  1. Books and magazines
  2. Computer hardware
  3. Computer software
  4. Apparel and designer clothes
  5. Video games and toys
  6. Cosmetics and health-related items
  7. Consumer electronics
  8. Music DVDs and CDs
  9. Jewelry items
  10. Office supplies and equipment
  11. Home decorating items and linen
  12. Flowers
  13. Sporting goods and items
  14. Shoes and footwear
  15. Small electronic appliances
  16. Tools and garden items
  17. Gifts and other items

If you wish to make some easy money over the Internet, or are simply interested in making some trades for the sake of it through online auctions, you should certainly consider dealing with the stuff mentioned here along with a few more.

Some Statistics

Here are some interesting points and numbers.

  • Total sales of all online trading was close to USD 3 billion for the year 2009.
  • Books, music, software and videos comprised about 26% of this total. This roughly means that these items fetched around USD 710 million.
  • Travel reservations, car bookings, airline tickets and hotel reservations comprised 21% of this total. Total sales were around USD 580 million.
  • Computer related hardware and software, consumer electronics and office supplies sold about USD 450 million, and comprised 16% of total sales.
  • Shoes, clothes, home decorations and jewelry got sold for around USD 350 million and comprised about 13% of total sales.
  • Food and beverages and health products constituted about 8% of total sales, and their overall transactions were around USD 220 million.
  • Sporting goods, video games and toys comprised 7% of the total and were sold for about USD 200 million.
  • Other items like furniture, tools and small appliances were sold for about USD 95 million, and this made up approximately 3% of total online sales.

Now, if you’re looking to increase your volume of sales over the Internet, then, you need to offer something that either fits into one of these categories, or you need to offer something that is completely original and ingenious. If you can manage to offer something that is useful, economical, and not available at any retail stores, you can be assured of tremendous amounts of volume. Simply knowing how to sell stuff on the web is not enough. You need to find your niche, and then attack it by ensuring that everyone knows about your product and its availability.

Marketing the top selling items is not a difficult task, and the Internet is a great place for people to spread positive word of mouth. If even a single person is satisfied with what you are offering, and offers his/her approval, it will benefit you greatly. With a little bit of analysis, you can achieve success at a fairly rapid rate.

From a buyers point of view, all these high selling items are easily available, and you can purchase them at your convenience. The Internet has truly changed the face of trade, and it has made the process easier for many people. So, the next time you are in need of buying something, do give these components a second thought.

Tips for Safe Online Shopping

Not just the trend of buying goods and availing services online, but even the frauds associated with it are on rise. Technological advancement has given a major boost to e-commerce and other similar concepts, which revolve around computers and, more importantly, the Internet. The concept of online shopping is no more alien to anybody in the world.

Millions of people log onto shopping websites in order to make shopping a convenient affair. What they fail to understand though, is the fact that they are compromising on their security by not abiding by the rules that they need to follow. With so many cases of online frauds coming to light every other day, it is surprising to see people go on an online shopping spree without paying heed to their security.

Online Shopping Safety Tips

Online shopping fraud is a broad concept, which includes a range of activities, right from hidden charges and phishing to credit card scams and identity theft. Given below are some simple precautions that you can take to keep yourself safe.

Carry out your transactions from a secured PC: You need to make sure that the PC you are using for shopping online and related transactions is up-to-date with security measures, like anti-virus software and firewall. Being one of the most important advice as far as safe online shopping is concerned, this will help you keep those malicious programs out of your transactions.

Be well-versed with the website you use: You need to make sure that the website from which you are buying goods or availing services is authentic. Never go to random sites that feature in search engine results, or ones that you have never heard of before. Always go for popular websites, as the chances of you getting caught in any sort of web of deceit on such websites are negligent.

Never give away your personal information: You will have to provide some information while shopping online, however, you need to make sure that this is just the general information, like your name or contact number. Never give out confidential information, like your social security number, on online shopping websites. More importantly, never fill in any sort of information in pop-up windows, even if you trust the website. Maintaining privacy while shopping online is a must, as giving away confidential information can make you vulnerable to identity theft.

Go through the privacy policy of the company: A trusted website is bound to have its privacy policy covering all the points whereby the website would be legally bound to keep your personal details confidential and giving away the same to the third party would mean breach of contract with possible legal implications. If any website doesn’t have their privacy policy in place, it is better off to stay away from it.

Paying by credit card is wiser: Always resort to credit card for payment options. Though many of us prefer to use debit cards for shopping online, they don’t have all the security features that credit cards do. More importantly, if your debit card number gets stolen, it will give hackers total access to your account and result in even more difficult situations for you.

Before you order the product: You need to make sure that the transactions are secured and the shipping policy of the company is in the place. Cross checking the actual price of the product and the shipping charges with other companies can help you get the best deal. Make sure that there are no hidden costs in the shipping charges. You will have to take into consideration the actual price of the item as well as shipping charges, handling fees, and sales tax.

After you order the product: Never reply to confirmation mails which ask for your personal details. Make sure that you take the print outs of all the online transaction records, which you can eventually use as proof. Other than all your transactions with the company, it is wise to save the product description as well. Lastly, you will have to monitor the time required for shipping. It is very important to get well-versed with terms and conditions before you buy any product online.

If, by chance, you do end up having a bad experience, you can report the company to the Federal Trade Commission (FTC) or the consumer protection agency in your area of jurisdiction. Considering that there are a number of phishing websites out there in the guise of shopping websites, it will take efforts from all of us to come together and make online shopping safe and secure.

Protecting Yourself Online

After the Christmas rush was over and you were faced with having to pony up the money to pay those bills that you accumulated during the online shopping craze, you may have felt like just gritting your teeth and dashing off a check to the credit card company. But suddenly you see a charge appear from a store you know you didn’t use to buy a gift. What do you do?

First, contact the company and let them know you have a charge on your account that you need to dispute. Find out what the article was that was ordered and see if you remember ordering it. Interestingly enough, sometimes the company name on the charge slip is listed differently than what the company’s name is online, so it may actually be something you did buy. But if this is not something you ordered, ask to speak with a customer service supervisor, and tell them about the charge and violation of security. Call the Secret Service (yes, the Secret Service) and let them know that someone has accessed your account online from a secure site.

Sometimes companies will offer to set you up with a credit-monitoring agency for a year. These agencies will notify you when someone attempts to use your information or accesses your account(s). Several years ago my mortgage company sent a letter out to several of their clients telling us that we had been automatically signed up for a credit-monitoring agency. Evidently, one of the brokers had a laptop stolen that might have had some identifying information on it. So, to be safe and protect their customers, they immediately initiated a security protocol that involved signing people up for credit monitoring. If a company does not offer to do this, you can sign up through any of the main credit-reporting agencies listed below.

E-commerce and buying online is becoming big business―for lots of reasons. People don’t want to go through the hassle of driving to the store, trying to find a parking place, and then trying to find a gift. It’s much easier to stay at home, click a few buttons and have someone deliver it to you. There are ways to keep your information secure and safe. Just remember the STIRS acronym―and if you find an error, you should STIR things up to get it corrected as quickly as you can.

Site―is the site you are on a reputable site?

Trustworthy―Does the site have a Verisign logo or some other type of security validation listed so as to protect your financial and personal information when you submit it?

Information―Does the company have a privacy policy? Read it and see what steps they take to ensure your privacy.

Reliable―One of the best ways to see if a site is reliable is to look at comments from other people who have bought items from the site and read their experiences.

Scrutinize―Read the site carefully and be sure there is plenty of valid contact information available before you place an order. You can e-mail a company and ask them for verification of privacy policies, shipping charges, and return guarantees. You can call and place your order instead of putting your information in an online order form. When you get your bill from the company, look over it with a fine-tooth comb and make sure your order matches.

While online shopping does have its pros and cons, it’s important to make sure that no one has gifted themselves at your expense.

Buying Electronics on the Internet

Oh, the joy of getting that neat piece of electronic gear you’ve always dreamed of! Nowadays, with the aid of the Internet, you can do all your research, check out the best companies to deal with, and buy it, without ever leaving your home. Well … it’s almost that easy.

Buying online requires that you trust the information you have gathered up, and then give out your credit information. Unfortunately, there are always bad guys just waiting for you to drop your guard, and then it’s all over except the time required to fix it―which can range from hours to actual years, and more frustration than you can possibly imagine. So what do we do? It is best to divide the purchase up into three different sections and treat each section independently.

Section one would be the actual product research. For example, what do you need your device to do? Will it accomplish all the tasks you require of it? What price range will best fit your budget without compromising quality? Does the manufacturer have a good track record of producing items that are well made and reliable? Once you have a general idea of which products will fill the bill, the next step is to find some people out there using your prospective product and find out what they think of it. You need to be careful here―if you go to a website that has a review of your product and also sells it, they are probably biased. That is not the type of review you should be looking for. Look for a site that doesn’t sell anything, and has independent reviews of products, preferably by consumers who use the product. Two sites that fit the bill are Epinions and ConsumerReview, both of which provide product reviews and ratings written by consumers on product quality, customer service, and best buys. Most of these reviewers are average consumers and tell it like it is. If a particular product doesn’t work very well they will surely tell you, in great detail; they hold no punches.

Section two is probably the trickiest part of an online purchase. Once you know what you want, you need to start looking to find a company that will sell it to you at a good price. This is the most difficult section, because if a company is dishonest or does not stand behind its products, or customer service is nonexistent, this is where the hair-pulling comes in. Many consumer review sites also provide price comparison charts and company ratings to help you decide where to purchase your product after you decide what you want. Be sure to review these ratings carefully. Does the seller have a phone number that you can use to contact them? Is the product they are selling brand new with a warranty applicable to the country you live in? What is the seller’s refund policy? Do they offer a refund if you are not satisfied with your purchase within a few days of receiving the product? If you have a problem with your product later, when and how can you return it to the seller? Do you have to return it to an authorized repair facility, and what would that entail? Is the product in stock? If not, when will it ship? Does the seller show his complete address? VERY IMPORTANT: Be sure to keep all documentation related to your communication with the seller, make note of the dates and times you called, the names of people you spoke with, and save all e-mails. The best looking website or best price is not synonymous with a seller that will do a good job of taking care of you and your order. It also is a good idea to talk with your friends or co-workers about who they like to buy from and their experiences.

Section three is the actual purchase. After completing sections one and two above, you can now buy your product with confidence. If you are uncomfortable purchasing the product online, call the seller and give them your credit card information over the telephone, or make arrangements to mail them your payment. If you decide to purchase the product online from a website, you should always use a credit card if possible, because you will have the most buyer protection. With today’s security software, firewalls, and encryption utilities, online purchases are usually very safe and secure. You will most likely need to set up an account first. Usually the only information you need to provide is your name, mailing address, e-mail address, and possibly your phone number. Be a little leery if they ask for more personal information such as your age, annual income, or shopping preferences. This type of information may be used for targeted marketing, and sellers don’t need it to sell you a product. If such fields are marked ‘required’, you can usually get away with putting in fake information just so your purchase will go through without you giving away too much information. Before finalizing your purchase, make sure you understand the shipping rates; the faster you get it, the more it costs.

If you follow these steps, your online purchasing should go smoothly. If you purchased the product with a credit card and problems arise before you pay the credit card bill, you can usually alert your credit card company to dispute the bill and they may help you clear up the problem with the seller. If you have any problems after paying your bill, contact the Better Business Bureau, Chamber of Commerce, or other consumer protection groups in the state or country the seller is located in. In an absolute worst-case scenario, you can also contact that state’s Attorney General for further legal action.

Thankfully, most electronics purchases from online companies today go pretty smoothly. The main things to remember are: research the product, find out what other people think, and learn as much as you can about the seller before making your purchase. And after your product arrives, be sure to go online and post your own reviews of the product and the seller, to help other people navigate their way through the world of online electronics purchases.