Benefits of Online Shopping Directory Services

With the rapid growth of the Internet, one of most prominent services made available through the Internet is Online Shopping. Regular shoppers, who used to go to a physical store to search for products and compare prices, are now rushing to online shopping stores due to the inherent advantages they provide. For these online shoppers, the tool that helps them to perform an effective online shopping is Online Shopping Directory services. Some others identify these services as Price Comparison Services.

Similar to any other directory service, Online Shopping Directory lists products which are available to be purchased online. These product listings represent different vendors, categories, brands, etc. The benefit of an Online Shopping Directory is twofold. While these services help shoppers to easily find the products they are looking for, they also help sellers to list their products. It is worthwhile to find out what benefits these services provide for shoppers and vendors.

Benefits for Online Shoppers:

The online shopper, who can be a veteran or a newbie, will find an Online Shopping Directory a very useful service to search for the product that they are looking for and perfect to assist their home shopping. Before the final purchasing decision is made, an average shopper spends a considerable amount of time searching for the product having an affordable price, acceptable quality. Not only price and quality, many other factors like guarantee terms, return policy, warranty, and delivery time are also critical to make the final decision. Shopping directory will provide most of this information with varying degree to the shopper to make an informed decision.

Since there are many different products available for the specification that the shopper is looking for, the shopper has a greater flexibility to cross compare these similar products using various aspects such as brand, quality, price, user ratings, warranty, etc. This will drastically reduce the effort and time to find the right product and also make online shopping a pleasurable experience.

Any online shopper would like to find the best bargain available for the product they are looking for. Online Shopping Directories again become handy to find the best bargain since they provide the best online shopping deals available on the Internet. Make a note to find a directory which has regular updates so the deals you will get are up to date.

Benefits for Vendors:

Vendors will also find that online shopping directories are an ideal place to list the products available from their online shop. One of the key benefits is the user base of these directories. By listing a product, vendors will instantly get access to this large user database which will definitely increase the traffic to vendor products. Since online shopping directories provide searches for shoppers to filter the products they are looking for, there is a higher possibility of getting your product information indexed to potential buyers.

Another benefit of an Online Shopping Directory is the indirect exposure of your product listings through the affiliate services provided by the Online Shopping Directories. These affiliations will expose the products listings of the Shopping Directory through the affiliate web sites making a network of listings. This will again increase the chances of selling your products.

To harness these benefits, vendor must make sure that the product details such as short, long descriptions, features, benefits which are provided to the online shopping directory are properly articulated. Also verify that the keywords which you think your product should be listed with are included in the descriptions. By having the right content as well as adhering to the online shopping directory submission guidelines, the traffic to your product listing can be increased.

Can all these benefits be gained at an affordable price? The answer is yes. In fact most Online Shopping Directory services provide free listing of products and services. If you are owner of any number of online shops, it is worthwhile to consider these benefits and harness the true potential of an Online Shopping Directory to market your products.

To conclude, Online Shopping Directory is a great way to list products as well as to search for products to buy. If you are a regular shopper or a seller, the best practice is to spend some time to find the best Online Shopping Directories out there on the Internet having a wide range of products, larger user base and up to date information. Some online shopping directories are targeted to specific shopping market segments such as online shopping UK, US online shopping, etc. By knowing what market segment a particular online directory focuses on will help you to find the product or to sell your product easily.

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Paying Utilities For REO Properties

I Want to List REO’s, but How Much will it Cost?I’ve written in the past about how to list REO’s for banks, but what many agents overlook are the related expenses that go along with carrying many REO listings.Listing REO’s can be very rewarding, but many agents neglect to plan ahead and understand that they will be paying utilities for REO properties that they have listed.This HUB will detail exactly what you can expect and give you some tricks and tips on how to not get in over your head as you start paying utilities for REO properties.What Types of Bills WIll I have to Pay for My REO Listings?Read this twice: It’s not just utilities and its not just while you have the REO property listed!It is incredibly important to understand the lifestyle of a REO listing as you start to budget paying utilities for REO properties. Most REO listings start out as “an assignment.” This means that the bank or asset manager have decided that you will list the property. However, many times the property is in no condition to be listed.To get the assignment ready to be put on the market, you may have to have one or more of the following services performed:
Trash Out (all debris, junk and left over belongings removed and hauled away)
Cleaning
Water shut off / Winterization
Pipe Repair
Lawn / Snow MaintenanceObviously these services are not free. What many agents fail to realize is that the banks expect you to pay for these services up front. Yes they will reimburse you, but it can take anywhere from 30 to 120 days.Once the REO Property Becomes a Listing…Once your REO assignment becomes a listing, most of the major costs have been paid for (trash outs, pipe repair, etc). Hopefully your client will reimburse you quickly.Now is when you need to make sure you are current on the REO listing’s gas, water and electric bill. In colder climates, If the heat gets turned off, the pipes will freeze and your home will never sell. If you have no electricity, buyers can’t view the home.Also, don’t forget that if you don’t stay current paying utilities for REO properties, they can become a lien on the home. If there is a lien on a REO listing that you are trying to sell, it can delay a closing substantially. That means you’re waiting even longer for your money.Tips for Paying Utilities for REO PropertiesNow that I’ve scared you out of the business, let me try and give you some tips for paying utilities for REO properties. This could save you thousands of dollars and help you avoid the huge cash drain that getting into the REO business can create.

Know Your Contractors: I can not stress this enough. If you have a good relationship with your services you can save a substantial amount of money for the services. If your contractors know they will get all of your business, their rates will be lower. If their rates are lower, you have less money that you are waiting to be reimbursed for.

Negotiate with Your Contractors: As you get into this business, you’ll be contacted by many service providers in every industry trying to earn your business. That’s great for your cash flow situation! Set up agreements with them that you will pay them immediately AFTER THE BANK SENDS YOU A CHECK. Even if its only $100, once you get up to 30 or 40 listings, that money adds up. If they won’t wait for the bank to pay you, offer to pay them half up front and half once you are reimbursed. As you get started listing REO’s and paying utilities for REO properties, don’t make the mistake of thinking you can carry the costs because “it’s only one listing.” Take a long term approach and think about every transaction multiplied by 40 listings.

Talk to your local bank: Many banks will be more apt to make a small business loan if you explain that the money will only be used for paying utilities for REO properties. If you can show them your client list, many banks will take that into consideration when factoring in risks. When they are lending against big name lending institutions and know that you will be reimbursed, its much easier for them to justify loaning you the money than if you were using it for marketing or business expansion.
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