Hi,
Tuesday October 28, 2008
PROFITABLE: Law makes a confortable living selling designer watches to buyers around the world. 
Greetings
TOM Law, 39, started selling on eBay in 1999 when not many have here heard of eBay.
Back then he was holding a regular job with a local company but resigned due to work stress and was searching online for career opportunities when he stumbled upon eBay.
He decided to try his luck at selling a watch he had received as a gift from his ex-colleague. The watch was sold within days.
Excited, Law attempted his second sale — an old divers’ watch he owned. There were many bids for the watch and he made a RM1,500 profit.
From then, there was no turning back as he has been bitten by the eBay bug.
To further improve his business, Law compared costs of watches in the United States and Malaysia, and through the eBay forums, he gained a deeper knowledge on buying and selling online.
Today, he makes a comfortable living selling designer watches to buyers around the world.
He even managed to set up his own watch shop in Kuala Lumpur thanks the profit he made from his online venture.
Law advises new sellers to look for a niche market and do a lot of research.
“Sellers have to do a lot of comparative research, source for competitive prices and provide great customer service if they want to succeed,” he said.
CHONG: 'By using eBay, I can potentially reach 84 million customers worldwide.'
Another seller, Martin Chong, launched his business called BatteryTechSolutions on eBay in 2006 to sell Malaysian made batteries and similar solutions.
He sourced his products from a local company, which according to Chong, is not interested in expanding its business online.
So, he seized the opportunity to sell them online on behalf of the company.
His bestselling products are desulfators that help to extend the lifespan of batteries in cars, golf carts and other motorised vehicles.
It took him 15 months to become an eBay power seller, bringing home more than RM3,000 a month.
“By using eBay, I can potentially reach 84 million customers worldwide,” he said.
He has since expanded his business on eBay, venturing into other unrelated segments, including collectible currency and hair growth products.
Both are still new and have yet to generate significant revenue but that hasn’t stop him from working on two more ventures, including detoxifiers and dried foodstuff. — ZAM KARIM
--------------------------------------------------------------------------------
© 1995-2008 Star Publications (Malaysia) Bhd (Co No 10894-D)
Ciao
My old rugged Suzuki GP 100 up for sale. Anyone interested?
My trading patners
My Malaysia Store!
My Singapura Store!
My International Store!
Friday, October 31, 2008
Become a power seller
Thursday, October 30, 2008
eBay by the numbers
Greetings
Hi,
Newspaper clip from The Star Online dated Tuesday October 28, 2008
MALAYSIANS are using eBay as a platform for entrepreneurship and cross border trading according to a survey by eBay Southeast Asia.
The study revealed that 41% of eBay Malaysia members considered themselves serious sellers — either actively sourcing for products to sell on eBay or using eBay as the primary source of income.
Malaysians are also very active buyers, spending close to one third of their time online browsing for goods and services on the auction website. Also, 42% visit eBay once to three times a week.
Clothing, shoes and accessories were the most frequently purchased items on eBay Malaysia (38%), followed by books (36%) and computers and networking services (34%).
The visitors surveyed on the local website were generally affluent and well-educated with 64% having completed tertiary education and 75% earning at least RM20,000 per year.
On average, Malaysian shoppers spent approximately RM411 on eBay, out of the total RM542 spent online.
Credit cards were the most common payment method while PayPal came in second.
Other interesting findings on eBay Malaysia — 75% are adults in the age group of 25 to 49, more than 60% are male, 84% use broadband, and the majority spend an average of 29 hours per week online (of which seven hours are spent purchasing products or services on the Internet). — ZAM KARIM
--------------------------------------------------------------------------------
© 1995-2008 Star Publications (Malaysia) Bhd (Co No 10894-D)
Ciao
My old rugged Suzuki GP 100 up for sale. Anyone interested?
My trading patners
My Malaysia Store!
My Singapura Store!
My International Store!
Monday, October 20, 2008
Marine Gateways
Greetings
Dear All,
Kindly click on the link of your interest for direction.
(Please get password from me)
(Please get password from me)
The above is not exhaustive. I will endevour to add in more related materials. If you have any contribution kinldy leave a comment. For casual chat use the LIFE CHAT platform for information exchange.
Have Fun & Ciao
Tuesday, October 7, 2008
Introduction of the Marine Insurance (Part 1)
Greetings
Hi,
Vessel Grounded due to drunken watchkeeper
Pasha Bulker grounded at Norby Head, Newcastle, Australia
Desastre ecológico en el Canal de la Mancha
SS AMERICAN STAR WRECK 1994
Fundamental Principles of Insurance
1. Principle of Indemnity
“The insurance cover will compensate losses by putting insured back to the same position insured were in immediately before the loss”
2. Principle of Utmost Good Faith (Disclosure)
MIA Section 17 “A contract of marine insurance is a contract based upon the utmost good faith, and if the utmost good faith be not observed by either party, the contract may be avoided by the other party”.
3. Insurable Interest
MIA Section 5 (1) “Subject to the provisions of this Act, every person has an insurable interest who is interested in a marine adventure”.
Meaning the proposer must stand to lose something if the property at risk is lost, damaged or detained or he may incur a liability in respect of the property or suffer because it fails to arrive on time.
4. Proximate Cause - nearest, next before or after
MIA Section 55 (1) “Subject to the provisions of this Act, and unless the policy otherwise provides, the insurer is liable for any loss proximately caused by a peril insured against, but, subject as aforesaid, he is not liable for any loss which is not proximately caused by a peril insured against.
Question – The insurance essentially covers fire only. During a fire, furniture was damaged by water whilst putting out the fire. What is the proximate cause of loss? Is the claim for the damaged furniture payable?
5. Risk
“A fortuity. Something which may happen but not something which must happen. Does not include an inevitability.”
Fortuity defined as occur by change.
Inevitable defined as sure to happen, not able to be prevented.
6. Mitigation of Loss
MIA Section 78 (4) “It is the duty of the assured and his agents, in all cases, to take such measures as may be reasonable for the purpose of averting or minimizing a loss.”
7. Right of Subrogation
MIA Section 79 (1) “Where the insurer pays for a total loss, either of the whole, or in the case of goods of any apportionable part, of the subject-matter insured, he thereupon becomes entitled to take over the interest of the assured in whatever may remain of the subject-matter so paid for, and he is thereby subrogated to all the rights and remedies of the assured in and in respect of that subject-matter as from the time of the casualty causing the loss.”
Therefore it is very important that the insured should provide all assistance available to assist insurer in pursuing the responsible parties in our recovery action.
8. Right of Contribution
MIA Section 80 (1) “ Where the assured is over-insured by double insurance, each insurer is bound, as between himself and the other insurers, to contribute rateably to the loss in proportion to the amount for which he is liable under his contract.”
Ciao
My old rugged Suzuki GP 100 up for sale. Anyone interested?
My trading patners
My Malaysia Store!
My Singapura Store!
My International Store!
