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Business Internet

Selling second hand items online

The world is caught up in a massive credit crunch which has turned every consumer into a spendthrift. Maximizing resources has been declared one of the most predominant consumer trends in 2012. Popular auctioning sites have become playgrounds for shoppers and sellers alike. Re-purposed goods have created such a massive niche that recommence is now a part of first world culture.

Spendthrift Nation

Second hand childrens toys
A jumble sale of second hand toys

The economic climate has had a lot to do with the boom in recommence, but the benefits of selling and buying re-purposed goods has lasted as long as it has on the strength of its other benefits. In the past, selling second hand items was inconvenient, demanding that consumers use stores that bought at low prices to create space for further mark ups. The internet has cut out profit hunting middlemen, allowing you to sell your second hand items online directly from home. Today it takes little more than a five minute registration process to re-purpose old items.

One Man’s Meat is Another Man’s Poison

Regardless of how unusable an old item may seem to its owner, the global marketplace offers up a massive consumer group bound to include at least one buyer who will find value in another person’s junk. The World Wide Web has extended the contacts list of the average consumer, introducing a myriad of potential buyers.

Security and Convenience

Online auction sites have made resale a streamlined process by offering shipping and packaging services for consumers who want to profit effortlessly from their old items. Secure online banking services ensure that buyers and sellers are kept safe from the penny pinching public.

One Stop Shopping

In a brick and mortar environment, it can take months to find a buyer. The traditional garage sale demanded that you invite strangers into your own home over weekends that would be better spent elsewhere. Today’s online vendors separate consumers into groups according to indexed categories, sending sellers a whittled down group of appropriate buyers. A single site may act as a retailer for products as diverse as fashion, décor, gadgets and tools, so you need visit only one vendor to sell a closet full of unwanted widgets.

Global Economies

The sheer size of the global marketplace means that low value items can be bartered up to produce often startling returns. A fourth edition novel from the Eighties might sell for a few dollars at a brick and mortar store. When you place items on sale, the internet gives you the potential to find buyers who overvalue items and are thus willing to pay far more for them. A buyer who attaches sentimental value to that second hand book is generally willing to part with a significant chunk of income in exchange for personal value. The online marketplace operates according to its own economy, where demand is directly proportionate to the unique personal value individuals place on niche products.

Scarcity is another predominant force that pushes price tags well beyond real world worth.

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Competitions

Win $150 thanks to Technology Bloggers 3 blog competition!

Today marks the launch of Technology Bloggers second ever competition, with a total prize fund of $150 USD PayPal cash!

Win one of 3 $50 prizes in our $150 giveaway!Technology Bloggers has teamed up with two other blogs to provide 3 $50 USD prizes in a $150 joint blog giveaway!

You can enter for your chance to win one of our $50 prizes, and it couldn’t be easier!

For many of us at the moment, times are hard. The global economy is currently trying to recover from an economic downturn, meaning in many countries unemployment high and inflation is eroding the purchasing power of your money.

Given the above, what reason is there for you not to enter our three blog giveaway? Thanks to our competition, you and two other people could soon be $50/£32/€40 better off!

Enough talk from me, scroll down to start entering the competition!

Remember, the more options you enter, the greater the chance you have of winning!

Please note: Winners will have all their entries verified. Should you win and claim to have done something, but have not, you will be disqualified, and another winner will be randomly chosen.

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Don’t forget to look up ↑ and check the terms and conditions!

Come back tomorrow to gain more entries!

The giveaway is open world wide, and will end at 12:01am on Saturday the 11th of August 2012 EST (GMT-4).

Winners will be emailed shortly after the competition ends, and will have 5 days (120 hours) to respond and claim their winnings.

Good luck everyone! 🙂

Categories
Business Environment Science Technology

Can green technology help us get out of the red?

Most people know that the world has recently emerged from an economic recession. Many people also know that we are all dangerously close to slipping back in, and are replying on governments around the world to keep us in the black.

However, has anyone thought about green technology as a way of helping steer an economy back to growth and prosper?

Well it would appear that Scotland might be doing just that, as they are trying to encourage as many as 600 companies to move into the ‘green economy’ in order to boost profitability. The green economy consists mainly of renewable energy sources, and low-carbon technologies.

Scottish flag - offshore wind farm

Scotland seem to have recognised that there could soon be big money in this industry, hence the drive towards getting more firms into the industry.


In its attempts to become the industry leader in green technology, Scotland’s Finance Secretary, John Swinney has said that he wants to increase exports 50% by 2017 and encourage inward investment in green and low-carbon technologies.

Unemployment seems to be a problem everywhere at the moment, but Mr Swinney’s new ‘green growth’ plans are likely to create around 130,000 jobs by the year 2020.

What do you think, is Scotland taking a step in the right direction by investing in green technologies, or is is a risky option to take given the current global economic climate?

Categories
Business Internet News

A change in UK copyright law

Until recently, if you lived in the UK, it would have been illegal for you to buy an album and then transfer the songs onto your iPod, due to copyright law.

If you don’t live in the UK, it may still be illegal, so you might want to research it!

So why the change in policy? Well recently a government commissioned, independent review, called the Hargreaves Review, which was carried out to investigate copyright law.

From the review, the Business Secretary Vince Cable concluded that because we now live in a digital age, people communicate differently and do business differently, so it is time to bring some copyright laws up to date.


The Copyright Logo - Copyrighted Content

He also said that if you buy a CD and download it onto your computer, even if just for personal use, it is frankly a silly idea that you could be prosecuted for it. You have purchased the CD, so therefore surely you should have the rights to listen to it how you want to?

Mr Cable also feels that it can also be very restricting on business, as sometimes it’s hard to trace original owners of copyrights.

Despite changing the law, the Business Secretary said that he still wanted to protect the property rights of genuine artists and creators.

If you did buy a CD and were then charged with a criminal offence for putting it onto your iPod, would you not feel slightly cheated? If it’s your CD, should you not own the rights to it?

Website blocking is also part of this reform. Before it was possible to ask service providers to block sites displaying copyrighted content, however this is no longer going to be the case.

The obvious benefits of the change in law, would fall with the consumer, however the economy could also potentially benefit too.

What do you think about this law, is it outdated? Should it still be in place, or are the changes justifiable?

Categories
Business News

What happens in Japan stays in Japan?

Some say that despite Japan being the third largest economy in the world, what happens in Japan, usually stays in Japan. After the recent Tsunami, this seemed to be the case, initially.

However now that most of the countries industry has shut down, the effects are really being felt around the world. Why? Well, Japan is a major exporter of electrical and motorised goods – after all companies like Honda and Sony are based there.

A Busy Japanese Street - Representative of the Japanese EconomyOften the Japanese factories make some of the parts and then the final goods are assembled closer to where they are going to be sold. This is great as it increases capacity due to specialisation, but it does have it’s problems too.

Due to the Japanese parts of such businesses currently being shut down, the entire supply chain for such goods has ground to a halt, as nobody can get the parts they need out of Japan.


Around the world Japanese firms are shutting down their plants, due to a lack of parts. Toyota are actually now withdrawing their UK operations due to the Tsunami – among other things.

Japanese Car Logos
The logos of well known Japanese cars

Sony are in a similar situation, as their firm is considering a complete shut down for 2 weeks due to power shortages. No doubt other firms like Panasonic, Nissan and Fujitsu wont be far behind too.

It looks like the shifting of a few tectonic plates might have caused a lot more than a devastating earthquake and tsunami, but also a slowdown in the global tech industry – leading to a large loss of jobs worldwide 🙁

What are your views on this, will the world really struggle without Japan?