Ways to Earn – Selling – Understanding the Marketplace

Ways to Earn – Selling – Understanding the Marketplace

empowr allows citizens to sell services, products and premium content to other citizens through the marketplace!  As a Success Coach, it’s important to understand the different sections of the marketplace and how to optimize earnings to help clients earn more. Here is an overview of every section of marketplace listings.  Selling on empowr  The most important rule is to tell your buyer what they are getting.  Step 1: Select what you will be selling  To list a product or service in the marketplace, go to the Buy or Sell Tab in the left navigation bar.    You will now choose to create a Service, a Product.    If you’re creating a Premium Blog package you will need to choose which blogs you are making available for a fee before you will be taken to the screen where you can fill in the information.  Step 2: Describe the Listing  Next, you’ll provide information on your listing that give the buyer a clear understanding of what will be provided and entice them to buy your product or service.  Click “Continue” and you’ll be taken to the next screen. Step 3: Set Your Pricing  What is the minimum you want to earn for each sale?  If you choose an auction listing, you should set the starting bid to $0.01 to gain the most interest. empowr will add a percentage to cover the amount paid to the people that promote your product.  IF you are selling a product that requires shipping ADD IT IN to your base product price. There is no way to go back and charge for shipping after the sale. If you sell a service, digital product or premium blog - obviously you won’t have to worry about shipping.  If you’re selling a cool custom t-shirt for and you’re happy getting $10.00 per shirt, and it costs you $5.00 to ship those shirts to your buyers, your base price would need to be $15.00.  Example:  empowr will automatically add a small percentage on top of your base price. Why does empowr do this?  When you sell an item you get (90%) of the final sales price, and empowr receives the other 10%.  Of that 10%, 1% can be earned for anyone that promoted the listing by liking, commenting, reposting or creating an ad for the listing that resulted in a sale.  Set Payment Frequency  Next, tell your buyer if they are paying you once or they will have money deducted monthly.  One-time purchase  Monthly recurring subscription are your choices here.    Now tell empowr how many you have to sell.  Step 4: Note Quantity Available  You will either be filling in a number and when the last product is sold, your listing won’t be shown until you reset the number. Or if you’re selling a premium blog package, service or digital product you will probably want to click “unlimited”.  Step 5: Set Criteria: Sponsoring, Shipping and Buyer Requirements  Sponsoring  When selling a product, service or Premium Blog package, you’ll notice you can allow it to be Sponsored.  So how does Sponsoring work and benefit the seller?  Anytime that someone purchases a new product, service, or Premium Blog package, they will have the opportunity to:  Keep the item for themselves  Sponsor (resell) the listing and turn right back around and put the product up for sale.  Allowing listing to be Sponsored increases the earning potential for that listing.  The seller gets the full earnings from their initial sale  And the seller additionally gets 5% of subsequent sales by Sponsors  That means you can actually earn over 100% of the final price of your product by having others Sponsor it! The seller has the option to allow Sponsoring for the products and services sold, and can give the Sponsor up to 60 days to resell the product if it is Sponsored.  What’s the benefit to the Sponsor?  The Sponsor earn a full a full ninety percent (90%) of the resale price!  Sponsoring boosts the empowr economy by allowing citizens without their own products or services to earn.  Free Shipping To  This is the default. Simply calculate in any shipping or handling charges and you will be stating them to your buyer in the Notes to Buyer section coming up.  Buyer Requirements  As a seller, you have the ability to block people from using Pay Now $0 (see below) to purchase or Sponsor your listing if they do not meet the buyer requirements that you have set.  You have the ability to accept buyers based on:  1) If they have a payment source attached to their account or not  2) How many Unpaid Items a buyer has in a certain time period  3) Whether a buyer is located in your country  4) The community score of your buyer  To not allow people to Sponsor your listing, simply unclick the “Sponsor” button when you create the listing. If you’d like to set your buyer requirements, click “Edit Buyer Requirements.”    Notes to Buyer  Notes to Buyer - Once again you have 1,000 characters to tell your buyer anything special. Special things to note are:  Let your buyer know if you need an email address to deliver your product (such as with an eBook).  Let your buyer know what shipping charges are included in the price.  Let your buyer know how quickly you process orders.  Do you have a refund policy?  Again, you may not list any contact information in your listing.  Step 6: Finalize Your Listing  Ready to get your listing out there? Agree to the Terms and Conditions and your SC will review and approve your listing.    If you’re not quite ready to post your listing, you can still click “Save as draft” and your listing will not be published.  Allowable Listings  Almost anything can be sold in the marketplace, but these 6 types of listings will be rejected:  1 - Items sold through affiliate programs, this includes Amazon, Clickbank, and other CPC 3rd party companies. 2- You cannot sell your empowr account. 3- You cannot sell clicks for empowr accounts. 4- You cannot sell account creation services. 5- You cannot sell adult dating services or sexually oriented businesses.  6- You cannot sell gift cards or phone cards on empowr.  When you're moderating provide listings for your client, make sure that you keep a copy of the ad standards for provide listings handy.  Buying an Item in the Marketplace  There are two ways to buy products and services on empowr - a fixed price purchase or an auction bid and win.  After the Sale  When you purchase a product or win an auction, you have 72 hours to:  Sponsor (re-sell) the item  Pay for the item and keep it for yourself  Make an Unpaid Item Unpaid Items  By marking an item as "Unpaid", you effectively cancel the transaction entirely, which means you do not have to pay for the item at all.  (Note: if you mark too many items as "Unpaid" within a 30 day period, you will lose the ability to "Pay now $0.00". Additionally, there is a 5% restocking charge that is added to your balance based on the price of the item that you purchased. Be sure to only make marketplace transactions for items you intend to buy or Sponsor)  Instant Discount Savings  Buyers will receive 20% Instant Discount Earnings on any transaction that is completed.  Every listing shows the instant discount savings you’ll receive if the transition is completed.    When you purchase or sponsor an item, this 20% Instant Discount Earning will appear as pending in your Balance details. Once you mark the item as received, or successfully Sponsor the item, the 20% Instant Discount will show as active in your balance and be available for you to use the earnings how you choose.  Pay Now  "Pay Now $0.00" allows buyers to make a purchase or bid without paying for the item upfront. This feature makes it even easier to Sponsor items because you can use the earnings from the Sponsored sale to pay for the original purchase.  To use the “Pay Now $0.00” feature, you must meet the buyer’s requirements.  If you do not, a window will pop up and tell you why you are not eligible.  If a buyer does not complete the transaction by selecting "Item Received" from the actions dropdown menu, funds will automatically be released to the seller after 30 days.  Until a transaction is completed, funds will remain as "Pending" in your empowr Balance page.  Transaction Disputes  Both buyers and sellers have the ability to file a dispute on a sale. When this happens, a message thread is created where both the buyer, seller, the Success Coaches of the buyer and seller, and an empowr representative are attached.  As a Success Coach, it is your job to mediate the dispute and come to a final decision on what is going to happen to the sale that makes both the buyer and seller satisfied.  When you receive a notification about a dispute, mark it with a yellow "star" in your inbox. This will make it easier for you to keep track of active disputes.  Most importantly, RESPOND TO THE DISPUTE IMMEDIATELY to find out what the buyer/seller would like to happen.  Be impartial - work out what both the buyer and seller would like to happen, so that the dispute can be resolved amicably and quickly.  Once you have worked out a resolution, the empowr representative will do whatever they need to do to that sale - refund, etc.  NOTE: It is your responsibility to resolve the dispute, NOT the empowr representative's. Maintain communication with both the buyer and seller until you reach a conclusion.  Success Coaches earn when their clients' sales are successful, so it is in your best interests to help your client to create killer Provide Listings for all of their products, services and blog packages.