LetsBuyIt Blog

First of all we would like to share some more hidden internet jokes that we have found. There is quite a range of Google jokes or hoaxes that somebody dedicated an entire Wikipedia “Google Hoaxes” article to them. For more jokes or Easter Eggs, as they are also called, check out the site eeggs.com. Back in the days Microsoft used to be quite funny and there were hiding quite a lot of easter eggs in their programs like Excel but that has been reduced because people were complaining about the waste of resources (how mature!).

Secondly we have noticed that the Ebay Sale of the Online Shopping Community Yieeha (we have previously reported) has come to an end at the stunning selling price of EUR 24.550,00 incl. VAT. The Sale has not been commented on their blog as of now (no new entry since June 23, 2008) however the average sale price of 2EUR per registered user is definitely not very satisfactory but it was definitely worth a try. There are not that many Shopping Community Sites for Sale on Ebay to compare with but our feeling is that the price could be more!

After having talked about branded communities there are also the Social Shopping Communities that are widely discussed now. What we found most interesting was that the German Social Shopping Community Yiieha is up for sale on Ebay. It has given all the necessary information that you need to know when buying a shopping community portal on Ebay Alexa Ranking, Page Impressions, Adranks, and much more. Check it out and we will follow it very closely what is happening with it. The bidding is finished on 03.07.08, 14:45:25 German Standard Time.

Fashion still stands for a significant part of the revenue for online retailers, who endeavour to develop and improve their ways of presenting and marketing their products online. Merchants and developers are getting very creative as you can see with the 3D retail space modulation of Kinset Technologies, the connection of billboards to the internet through QR codes or the currently developed Bluetooth Billboards by Ströer and many more.

Reviews and ratings, despite the latest developments at eBay, however are an increasingly important factor for increasing the online sales. These reviews however need to be independent and unbiased and written by real shoppers, e.g. Reevoos. The article “Stilbildung im Internet” or “Stylecreation in the Internet” published at the FAZ is a very interesting article describing how the true fashion scene is commenting and blogging about fashion independently: Fashion as seen on the streets and not sold by retailers seems to be the latest trend of independent fashion critics.

Check out the most famous blogs about fashion: thesartorialist.blogspot.com, facehunter.blogspot.com, shoeblogs.com, styleclicker.net, glamcanyon.blogspot.com, gofugyourself.com, www.slow-wear.de.

We know that Social Shopping is the big thing in e-commerce now, which has brought up many interesting players such as Edelight, DaWanda, Smatch or Shoppero.

As I have found out through the interesting article on Exciting Commerce with the title “Social Shopping: Amazon Friends & Interesting People” I had to discover that Amazon and Ebay have now joined the ranks of competing for the social shoppers.

That will make things interesting!

TeleBid, basically, works like Ebay in the sense that users bid for products and the highest bidder wins the auction. On this website, however, users can follow life auctions in real-time. This means a clock is displayed below every product counting minutes and seconds, and users can bid until 1 second before the end of the auction. Once a bid is made 20 seconds are added to the clock giving it the feel of a life auction.

Now the big difference to Ebay is that on TeleBid, every bid costs 0.50€ and has to be pre-purchased. Additionally to making single bids manually, users can set up a BidButler to make bids for them when they do not have time to bid themselves. The BidButler can be set up to only bid between a pre-determined price range and users can also select how many bids the program can make; keeping in mind that every bid is charged with 0.50€. To bid strategically, however, TeleBid advises its users to use a combination of manual single bids and the BidButler.

Another difference to Ebay and other auctioning websites is that users can bid via telephone. The 0.50€ per bid will then be added to the phone bill.

Also, users can only bid on products set up for auction by TeleBid. Users cannot sell their own products.

After reading RSS-news nowadays my tag-cloud-looking mind, trained to memorize only important facts (My studying attitude– if I don’t remember something it was not important, which even worked somehow…) looks a little bit like this:

Bubble 2.0, 1998, expectations, overvalued, undervalued, Facebook value $10billion maybe even $100billion (expected 2007 sales $150 million), TechCrunch worth $100 million, RockYou value $500 million, Ebay write off 1.4 billion Skype, Microsoft $6 billion acquisition aQuantive, et cetera.

You can most definitely sympathize and we discussed this topic here for about 1min and we came up with the following scientific conclusion: “I don’t know, let the analysts do these interpretations. Let’s get back to work!”

1. These numbers are so big that nobody can actually relate to them or imagine them anyway. Just let the analysts talk about the money that others make! That’s their job!

2. Each mentioned company is based on a brilliant idea, brilliant team to realize them and luck. However each project is also based on bloody, hard work. So just work!

3. Get the basics right because now there are laws, rules and regulations that go with a website and e-commerce company!

4. Think before you click to send an email.

5. Facebook is great fun, an incredible market intelligence machine but an even greater waste of time during the day.

6. Going offline to work sometimes is very productive.

Good luck with all your projects because good ideas deserve success! Just dare to express and realize them.