Tuesday, November 30, 2010

Holiday Buying habits 2010 its all over the place like stock market

I want to get into the stock market more but the stock market is not doing what its supposed to do. Well, I guess if the stock marlet was easy to figure out we all be rich :)
The numbers are in and consumers spent a ton of money after Thanksgiving Day! Good Morning America is pushing gifts under $50. Neiman Marcus has gifts for under $100 front and center of its website. Employment is still hard to find and more people are out of work longer so what do we sell?
I did an online experiment the week BEFORE Thanksgiving and I found that items under $20 were selling like hotcakes. Of course its great to sell high end unique luxury items for those home run profits but I would focus on those smaller items mixed in with high end luxury stuff because its chic to buy intelligently these days (think green gifts, gourmet foods, etc). For most people its hard to make money selling $20 items but if you have 200 items for that price the money gets good especially if you bought that item for $5 or less :) Holidays seem like they will go well for most of us and sells should be steady. I suggest you be smart about what you offer because consumers are buying smarter for sure. They are thinking about purchases and it makes sense if its something meaningful.
I am going to do another experiment during the holidays. I am going to visit all of my competitors stores. I did this once before but I wouldnt buy anything just because I think most of them are greedy pigs. But I do learn from watching them. Most of them have been in the auction game much longer than I have been watching it. More on this later.

Monday, November 15, 2010

On Madoff Auction, The holidays, black friday, cyber monday, Mike Vick, SiX MILLION DOLLAR MAN

I tend to spend about half of the day researching and looking for deals around the world. This week we saw a mans underwear sell for $1700 (disgraced wealth manager bernie madoff). Considering this is the busiest time of the year for us people who live and die by auctions I had to write about all the exciting news surrounding used socks and underwear. One comment about the Madoff auction >It never fails that people get caught up in the excitement and pay too much for stuff. True there was shoes that were worth more than my car but when at an auction I thought the goal was to pay less not more than what an item is worth.
The new tv shows show some promise but are not showing the true excitement of the auction life. Im not saying I could do what they do better but im promising that I could deliver much better content than these shows like auctioneers and auction king are presenting. The producers of both of those shoes need to give me a call because I would guarantee better ratings with me and my competitors, we can call it city pickers or something similar.lol. Its Monday night and Im glad Mike Vick is flying high again. I love underdogs (no pun intended). Im flying high too because the six million dollar man comes out on dvd 2 days before Thanksgiving. Since they call me the six million dollar man maybe I can hire some ebay models..lol
Anyone who loves me knows that the holidays are special times for me. I do my best work, I give the most, I love the hardest during this time. I dont keep people around that I dont care about especially close to Christmas (cell phone delete, unfriend fake friends you get the idea)
If you are like me you get stoked when black friday commercials air but this year they came on too early. who wants to shop for black friday this early? it takes all the fun of talking about it on Thanksgiving night and watch the weirdos stay up all night or get up at 3am in the morning to buy a $9.99 made in china dvd player that wont last you until next black friday. im betting on cyber money this year. no its not sexual but its the next best thing its supposedly the biggest shopping day of the year for most online sellers. Prediction that Ebay/paypal will sink below Amazon.com even further because they continue to piss off sellers and make dumber decisions.Amazon is much better place to sell because you bypass dumb paypal who borrows/steals your money imo in some cases for 180 days. also try boocoo.com, bonanza.com, etsy.com, craigslist.com
I will edit this later today just wanted to spill what was on my mind at the time.