Financial Industry: Making Money Through

He and several other high-ranking officials in the organization, including GM Jeff Ireland, seemingly traveled cross country because they felt a sense of urgency with talks between Harbaugh and the 49ers becoming serious.

The Dolphins are going to be a tough franchise to battle for the 49ers. They have some of the deepest pockets in the league. People can say whatever they want about the character of a man or what they might do. It's a lot different when a team is offering you more money than most see in a lifetime.

Even if the 49ers can compete with the Dolphins' offer, which was something to the tune of $7 million, Jed York can't compete in a bidding war with Ross, who is in the top 70 richest people in the world.

The 49ers could give Harbaugh the keys to the franchise. They can remind him he is a superstar in the Bay Area. They can feed him lines about the new stadium, where the franchise is headed, the talent, how much they need him, but he's likely to go with whoever pays him.

The sense of urgency has already allowed Harbaugh to see a salary he might not have even dreamed would come his way. Why wouldn't he just sit back and watch the price tag go up. His best bargaining chip right now is that he is a hot commodity.

Forcing teams to feel like they have to give more and more to reel him in is making them do just that. Nobody is backing off yet, and until teams stop throwing incentives at Harbaugh, he should make everyone believe he is highly interested in everyone.

Until teams start to pull back the reigns, the ball is 100 percent in Harbaugh's court. This will be a fun week for Harbaugh, and he shouldn't cut it short by prematurely signing any deals. The Dolphins looked past the fact they have yet to fire head coach Tony Sparano and throwing record money at him before he coaches one professional game. Other teams may come knocking, and even if they don't, Harbaugh is going to be living comfortably, as one of the league's wealthiest and most powerful coaches.

The Middle East’s largest online auction and buying site has decided auctions are so last decade.

From the beginning of 2011 sellers won’t get the option to sell their products in an auction. It’s fixed price, or none at all.

The decision comes as a shock to many as Souq.com, which opened its doors to the public in 2005 and has since launched in 5 countries in the region, has always been portrayed as the eBay of the Middle East. At least in terms of online auctions, not anymore.

“We (and most of our sellers) want to offer the best online shopping experience to users in the region, and this is one step along the way to support this goal.” said CEO and Founder of Souq.com Ronaldo Mouchawar in an email about the recent shift.

This change, as most in life, will have its supporters and detractors. The good thing is, it looks like a only slim minority might end up annoyed.

To illustrate the above, lets say you’re a painter and you work from home during your spare time. I’m one of those who believe art has no price, but since it’s good to have paint to create priceless masterpieces, putting the occasional price tag on your work isn’t entirely evil. The only problem with that is how do you put a price tag on art in the first place? Van Gough considered giving money for art is as important as being an artist yourself. That’s where auctions come in strong.

By putting up a painting to sell through an auction, the seller allows the highest bidder to give her as much it takes to win the auction, or otherwise ask to ‘Buy Now’ according to a price the seller sets. Will this shift be good for those who realistically don’t know how much their work is worth? I would say no.

On the flip-side regional retail stores tend to invest large amounts of money to put their products online on their own, and usually fail miserably. Many factors come into play, but the most obvious are a large user base and an easy to use website to buy from.

This encouraged Souq.com to build a platform for merchants and retail stores to offer their products on Souq through fixed prices (almost all the time), and through Souq Stores which are customizable online outlets for retailers such as UAE’s
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Monday, January 10, 2011

Making Money Through

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