Selling on Ebay: Order
Processing and Accounting with Marketworks
November 25th, 2005
Example of a
Marketworks hosted storefront
Marketworks is an online software
solution for the online retailer. The software solutions allows more
efficient methods for marketing your products through ebay, yahoo stores
and auctions, froogle, and Overstock auctions. This software will also
integrate an online storefront that you can customize as needed.
They have all the tracking for
inventory allocation so that you do not oversell. As well as all the
accounting needed for reporting sales tax totals and year end tax
What makes Marketworks really strong
is the ability to account for the inventory on hand and not to
oversell. This has been one of their strong features. Originally
called Auctionworks, they primarily focused on Ebay auctions; they have
branched into many other selling sites while making great improvements
on the interface in the last year.
This service does not come free, but
if you plan to sell on a larger scale you will appreciate the service
that Marketworks offers. Customers will get the email notifications
which intern will increase satisfaction with the transaction.
If you are running lots of Ebay
auctions Marketworks can pay for itself. The software will auto
re-list auctions for free the 2nd time if the auction doesnít
sell the first time. The software also will process the non-paying
bidders helping to recoup those lost fees. Not only is automated emails
sent out at the close of auction, it also sends out reminders to your
customers. That alone will makes more completed sales transactions.
If you were to do all of this manually it would take a very long time.
Ebay does not make this user friendly as they would rather not give
credits. Doing these tasks manually in Ebay is very time consuming.
Marketworks fees are charged on a
monthly basis. It is a pay as you go service. The minimum fee of
$29.95 is charged if you donít meet this dollar amount with the
commission fees. You get 100 MB of image hosting space. You might have
to pay more per month if you exceed 100 MB.
The commission fees for Ebay,
Overstock.com Auctions, Yahoo! Auctions are 2% of the final value fee
excluding shipping and handling and sales tax for each successful
transaction. There is a $.20 minimum and a $3.00 maximum fee per item.
If you have a sales complete on
their storefront system: 3% of the final value fee less shipping and
handling and sales tax. There is a minimum of $.20 and maximum of $6.00
amount per item.
Marketworks will automatically
launch your auctions at the times that you want them to launch. This is
an automated process, auctions will stop launching once inventory is out
of stock, or all are pending completed sales. The direct link with the
inventory and the auctions, are a valuable tool, as some of the
competitors, either donít have scheduled launching of auctions, or they
lack on the management of inventory.
It can be a bit overwhelming to
start with, but after you get set up the amount of time you will save
when running your online store will be well worth it.
Best Syndication Staff Writer
Ebay Selling Books at Amazon
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