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Old 05-01-2009, 07:15 AM   #1
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Default Is TradeBit Legit?

Hi,

I really don't know whether or not I should actually buy from them. The link is SELL DOWNLOADS: Stock Photo Sales, Sell MP3s, Sell Software and they are selling expensive stuff at ridiculously cheap prices.

Are they ok to support?

Thanks,
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Old 05-01-2009, 08:39 PM   #2
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Default Re: Is TradeBit Legit?

Looks okay to me from a brief review. I don't see any complaints right off the bat.

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Old 05-01-2009, 09:07 PM   #3
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Default Re: Is TradeBit Legit?

The site is legit. I personally sell some products
on it too.

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Old 05-01-2009, 10:32 PM   #4
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Default Re: Is TradeBit Legit?

They are a german site and very legit..and they pay to!
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Old 05-01-2009, 10:43 PM   #5
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Default Re: Is TradeBit Legit?

Very legit!!! Don't worry about a thing.
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Old 05-02-2009, 02:58 AM   #6
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Default Re: Is TradeBit Legit?

I love to see if there is already someone who makes big bucks on Tradebit.
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Old 05-02-2009, 07:59 AM   #7
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Default Re: Is TradeBit Legit?

Raz,

I've been using Tradebit for quite some time now. Currently, I can earn a couple hundred extra a month from my online store. Sometimes a bit more. However, if I was really applying myself to this endeavor, and not being lazy, I could earn lots more.

Before the whole recession thing, I was able to earn around $1,000+ a month solely from Tradebit sales. Obviously, due to the economy slump, and the influx of new store owners, this has gone down quite a bit. But still, that extra few hundred comes in handy for the little extras I want each month

Adding to that, I was with Tradebit almost from the beginning and during those years, you were charged a monthly fee, sort of like hosting, for running your online store. Now, the owner(s) have sinced moved to a 20% fee for every product you sell. Smartest thing they could have done IMO because they are now earning hand over fist from all their merchants.

Even so, you can find some good bargains via Tradebit. But I suggest you use caution when buying as there are some merchants that try and resell products they have no rights to.

With that said though, the site administrator(s) do a very good job of removing these products when they are reported or found not to be 'legit'. So, to answer the OP's question, yes, you should be safe when purchasing products from Tradebit merchants.

If anyone else has any questions about Tradebit, please send me a PM and I'd be happy to chat with you about my own personal experiences.


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Old 05-02-2009, 08:04 AM   #8
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Default Re: Is TradeBit Legit?

Is this an affiliate program?

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Old 05-02-2009, 08:08 AM   #9
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Default Re: Is TradeBit Legit?

Yes and no Traffic-Bug.

Yes because Tradebit has a "built in" affiliate program that you can utilize when you sign up with a free account and then promote certain merchants you select. Merchants will have the ability to turn their affiliate programs "on" if they choose to.

Now, if you make an affiliate sale for a merchant, Tradebit will take out your 'cut' of the sale and send it to your PayPal account.

No because utilizing the affiliate function as a merchant isn't a requirement to participate in. Personally, I don't really use this function, so I don't know if the payout schedule is the same for merchants, but I assume it is. With that said, payout days for merchants fall on every Wednesday of the week.

Tradebit makes the payouts directly to merchants PayPal accounts for the amount of sales brought in for the previous week, which ends on Sunday. I know this sounds a bit confusing, but once you get started with Tradebit, you'll get to know all there ins and outs.


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Old 05-02-2009, 03:07 PM   #10
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Default Re: Is TradeBit Legit?

Tracy, if you don't mind, I want to ask you these questions:

1. How many files you sell on Tradebit?

2. What is the average price for the files you sell on Tradebit?

Thanks in advance.
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Old 05-02-2009, 03:28 PM   #11
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Default Re: Is TradeBit Legit?

Raz,

I have a couple hundred products up for sale via my Tradebit store, and without huge limitations on size, file and store allotment sizes, I am always free to add more.

The average price is around $10 for most products I sell with others being priced higher. And of course some priced lower, depending on the products.

I try to stick to the author's suggested selling price as much as possible. But sometimes I do offer pretty good bargains. Although, I don't sell my products as cheap as others on Tradebit.

I try to keep within a reasonable price range for my products.

Even though Tradebit was set up to act as a 'micro payment processing' type of set up, you can really charge any price you wish for your products.


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Old 05-02-2009, 03:34 PM   #12
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Default Re: Is TradeBit Legit?

Quote:
Originally Posted by Tracy Yates View Post
Raz,

I've been using Tradebit for quite some time now. Currently, I can earn a couple hundred extra a month from my online store. Sometimes a bit more. However, if I was really applying myself to this endeavor, and not being lazy, I could earn lots more.

Before the whole recession thing, I was able to earn around $1,000+ a month solely from Tradebit sales. Obviously, due to the economy slump, and the influx of new store owners, this has gone down quite a bit. But still, that extra few hundred comes in handy for the little extras I want each month

Adding to that, I was with Tradebit almost from the beginning and during those years, you were charged a monthly fee, sort of like hosting, for running your online store. Now, the owner(s) have sinced moved to a 20% fee for every product you sell. Smartest thing they could have done IMO because they are now earning hand over fist from all their merchants.

Even so, you can find some good bargains via Tradebit. But I suggest you use caution when buying as there are some merchants that try and resell products they have no rights to.

With that said though, the site administrator(s) do a very good job of removing these products when they are reported or found not to be 'legit'. So, to answer the OP's question, yes, you should be safe when purchasing products from Tradebit merchants.

If anyone else has any questions about Tradebit, please send me a PM and I'd be happy to chat with you about my own personal experiences.


Tracy
Thanks a million I was interested in using them now I have a better idea.

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Old 05-14-2009, 02:24 AM   #13
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Default Re: Is TradeBit Legit?

Thanks Tracy.
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Old 11-16-2009, 07:08 AM   #14
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Default Re: Is TradeBit Legit?

I purchased an electronic manual from them through Paypal. The manual has missing units. I have been having a hard time receiving any support, refund or the missing units. I would be very careful before purchasing anything from them.
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Old 11-16-2009, 07:13 AM   #15
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Default Re: Is TradeBit Legit?

Quote:
Originally Posted by lthaig View Post
I purchased an electronic manual from them through Paypal. The manual has missing units. I have been having a hard time receiving any support, refund or the missing units. I would be very careful before purchasing anything from them.
You can contact the direct Tradebit support via email. This information is emailed to you along with your download codes. Look for that email that was sent to you from Tradebit and at the very bottom, you should see a support email address that deals with download problems.

Sometimes, when the files are larger, and sellers do not use the FTP uploading solution, those files can become corrupt, or not upload all the way, causing problems for buyers.

Also, I think every seller on Tradebit should post up a "contact me" email address directly on their "Contact" page.

Reason being is because whenever a customer sends a message through the Tradebit contact form, there's no way to reply back to the customer. Unless they leave you their contact email address within the message they send to you.


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Old 11-16-2009, 07:23 AM   #16
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Default Re: Is TradeBit Legit?

Thank you. I have tried all of the mentioned.
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Old 11-16-2009, 08:44 AM   #17
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Default Re: Is TradeBit Legit?

Yes, very legit! Ralf runs a very tight ship over there! If there are ever any problems, he's right there to rectify them.

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Old 02-25-2010, 07:41 AM   #18
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Default Re: Is TradeBit Legit?

Hi Tracy, thanks for your input. I'm new to this forum and this is my first post. Arrived while Googling 'Is Tradebit legit' a while ago. I see that a lot of people are undercutting each other by offering products for as low as 0.5USD. I did a search for some popular product names, and see that Tradebit has a huge list of users selling the same products. I have actually bought some of these products, and they way I do it is to simply scroll through the prices of the product I want, and eventually find the 0.5USD or 1USD one and buy that.

I'm sure most consumers would do the same. I've also read your site ebook-porium site. Any advice on how to go about selling these stuff since a lot of people are already selling them at cutthroat prices? Is this profitable at all, since for resell rights products, anyone can simply give them away or sell at 0.5USD

Would appreciate any input from others as well, and thanks all for the good read!

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Old 02-25-2010, 09:25 AM   #19
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Default Re: Is TradeBit Legit?

To me it looks like there is too much clutter (especially in the ebooks section).

Rather than a serious selling platform, it looks like Tradebit is been used as a lead generating tool by its seller having seen almost 90% of stuff in ebboks section sold for less than a dollar.

Not sure about spending my time on this one
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Old 02-27-2010, 12:56 PM   #20
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Default Re: Is TradeBit Legit?

Quote:
Originally Posted by nathantai View Post
Hi Tracy, thanks for your input. I'm new to this forum and this is my first post. Arrived while Googling 'Is Tradebit legit' a while ago. I see that a lot of people are undercutting each other by offering products for as low as 0.5USD. I did a search for some popular product names, and see that Tradebit has a huge list of users selling the same products. I have actually bought some of these products, and they way I do it is to simply scroll through the prices of the product I want, and eventually find the 0.5USD or 1USD one and buy that.

I'm sure most consumers would do the same. I've also read your site ebook-porium site. Any advice on how to go about selling these stuff since a lot of people are already selling them at cutthroat prices? Is this profitable at all, since for resell rights products, anyone can simply give them away or sell at 0.5USD

Would appreciate any input from others as well, and thanks all for the good read!
You are assuming that "most consumers" are like you. They are not!

Most of the ebook and software type products selling on TradeBit in the $0.50 - $1.00 range are targeted at the internet marketing crowd, otherwise, why would they offer resale rights?

The average person looking for specific information, say for example, how to build a dog house, wants to build a dog house. They don't care if the ebook about building a dog house has resale rights. They just want to know how to build a dog house!

Quote:
Originally Posted by smak View Post
To me it looks like there is too much clutter (especially in the ebooks section).

Rather than a serious selling platform, it looks like Tradebit is been used as a lead generating tool by its seller having seen almost 90% of stuff in ebboks section sold for less than a dollar.

Not sure about spending my time on this one
Who cares about the stooopid people who devalue their products by listing them for $0.50 or a $1.00.

The power of TradeBit isn't so much about people who go to TradeBit.com and search within the marketplace.

The true power of TradeBit is that it's recognized as an authority site by Google and the other SEs. Which means that the product pages on TradeBit get indexed and ranked high in the SERPs.

You can draw your own conclusions about the value in having your products show up on the first page of Google for your keywords.

Tamara

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Old 02-27-2010, 01:15 PM   #21
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Default Re: Is TradeBit Legit?

Tadebit is totally legit. I use it all the time to grab MRR and PLR products. Pay with Paypal, no fees, low prices. There's not a better place on the net IMO.
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Old 02-28-2010, 10:44 PM   #22
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Default Re: Is TradeBit Legit?

I'm just getting started with Tradebit, and here are my impressions so far...

1) As a buyer it is a great place to find a rock bottom price ($1 or less) on some MRR or PLR product that you've seen promoted elsewhere. The marketplace is very competitive. It's like the eBay of digital products.

2) As an affiliate, you have access to their entire huge catalog to promote from. I think there should be a way to use other people's rock bottom offers as lead generators, but I haven't figured out how to do this yet.

3) As a seller, it's a great place to park the MRR and PLR products gathering dust on your drive. You can price them competitively and use them as lead generators, benefiting from their large traffic. Or you can promote your own links, driving your own traffic, and just use them as a hosting and payment provider. They even give you your own subdomain/storefront which you can customize.

I pick up dozens of resale rights products from membership sites each month. There's no way I'm going to set them all up with sales pages on their own domains. Too much work. Tradebit provides a quick, easy and cheap solution to get them out in the marketplace. I think it is a great idea. Now if they only allowed uploading of html sales pages instead of plain text, it would be all you could ask for.

There is also more upside potential for anyone who studies their markets and finds out what areas of Tradebit have the least competition and the most demand. For anyone who wants to learn more, I'd recommend Tamara's product, which I picked up as a WSO (not sure it's still open) and which I'm going through now.

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Old 12-10-2010, 08:14 PM   #23
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Default Re: Is TradeBit Legit?

Quote:
Originally Posted by Tracy Yates View Post
Raz,

I have a couple hundred products up for sale via my Tradebit store, and without huge limitations on size, file and store allotment sizes, I am always free to add more.

The average price is around $10 for most products I sell with others being priced higher. And of course some priced lower, depending on the products.

I try to stick to the author's suggested selling price as much as possible. But sometimes I do offer pretty good bargains. Although, I don't sell my products as cheap as others on Tradebit.

I try to keep within a reasonable price range for my products.

Even though Tradebit was set up to act as a 'micro payment processing' type of set up, you can really charge any price you wish for your products.


Tracy

I was thinking of setting up an ebook section on my niche site and selling niche related ebooks from TradeBit. Glad to hear it sounds legit.

DJEmerald

"professional writing priced right "
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Old 01-11-2011, 05:08 AM   #24
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Default Re: Is TradeBit Legit?

Quote:
Originally Posted by Tracy Yates View Post
Raz,

I've been using Tradebit for quite some time now. Currently, I can earn a couple hundred extra a month from my online store. Sometimes a bit more. However, if I was really applying myself to this endeavor, and not being lazy, I could earn lots more.

Before the whole recession thing, I was able to earn around $1,000+ a month solely from Tradebit sales. Obviously, due to the economy slump, and the influx of new store owners, this has gone down quite a bit. But still, that extra few hundred comes in handy for the little extras I want each month

Adding to that, I was with Tradebit almost from the beginning and during those years, you were charged a monthly fee, sort of like hosting, for running your online store. Now, the owner(s) have sinced moved to a 20% fee for every product you sell. Smartest thing they could have done IMO because they are now earning hand over fist from all their merchants.

Even so, you can find some good bargains via Tradebit. But I suggest you use caution when buying as there are some merchants that try and resell products they have no rights to.

With that said though, the site administrator(s) do a very good job of removing these products when they are reported or found not to be 'legit'. So, to answer the OP's question, yes, you should be safe when purchasing products from Tradebit merchants.

If anyone else has any questions about Tradebit, please send me a PM and I'd be happy to chat with you about my own personal experiences.


Tracy
Tracy,

That was super helpful, thanks for sharing.

I always wondered if tradebit is really worth going into as merchant, and if it is worth the work to go compete with all the bargain prices. But I think I'll give it a try now, after all, indeed all the gigabites of PLR/MRR files collecting dust on my drive could be somewhat more useful being stored on tradebit..


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Old 01-11-2011, 05:09 AM   #25
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Default Re: Is TradeBit Legit?

Quote:
Originally Posted by gcintermed View Post
I'm just getting started with Tradebit, and here are my impressions so far...

1) As a buyer it is a great place to find a rock bottom price ($1 or less) on some MRR or PLR product that you've seen promoted elsewhere. The marketplace is very competitive. It's like the eBay of digital products.

..... For anyone who wants to learn more, I'd recommend Tamara's product, which I picked up as a WSO (not sure it's still open) and which I'm going through now.

Thanks for sharing - interesting points to know!

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Old 01-11-2011, 05:13 AM   #26
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Default Re: Is TradeBit Legit?

@Tamara
Quote:
Originally Posted by ladyshadowrider View Post
You are assuming that "most consumers" are like you. They are not!

............... Who cares about the stooopid people who devalue their products by listing them for $0.50 or a $1.00.

Tamara

I loved your post Tamare, this made me think outside the box now!

The scary bargains at tradebit indeed mostly refer to I.M. products. But offering all other kinds of informational niche products that the usual consumer would look for will allow going with reasonable prices.

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Old 01-11-2011, 05:47 AM   #27
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Default Re: Is TradeBit Legit?

The site is totally legit, used it for over 1 year buying and selling, some of the sellers are a little skeptical but Tradebit has the correct things in place for refunds/customer support and such.

Overall excellent, and they pay weekly.

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Old 01-27-2011, 08:02 AM   #28
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Default Re: Is TradeBit Legit?

is there any other sites similar to tradebit that we could use? any good ones? Thanks.

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Old 03-09-2011, 03:26 AM   #29
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is there any other sites similar to tradebit that we could use? any good ones? Thanks.


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Old 03-09-2011, 03:31 PM   #30
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Default Re: Is TradeBit Legit?

About a year or so ago a warrior posted a wso about selling on tradebit. I picked it up and went to work. Even down to making a header from scratch for my store. I stocked my store with content and made my investment back in a week.

Since then I've have not really messed with. So about every other month or so I get a notice from tradebit saying I made a sale getting it deposited into my paypal acct. The main thing is stocking you store with as much ebooks, audio,etc that you can. It's about bulk there.
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Old 10-02-2011, 05:23 AM   #31
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Default Re: Is TradeBit Legit?

I just found out about it myself as a place to buy PLR stuff to make products out of, so I did a search on it, and the first thing I decided to check out was this thread, which is several places down on page 1. So far, so good.

Next, I decided to go directly to the site, and check out their IM downloads. The first thing I came across was "The Facebook Collection" which is about 10 ebooks for $29 USD, and I noticed that you could buy them separately as well, so I checked out a couple, and they were each $1.49.

Then I Googled those individual titles, and found them immediately, for the grand total of $0.00. So take heed, and make sure you aren't paying good money for stuff that everyone else is getting for free!

On the plus side, perhaps someone could create a WSO on the easiest, laziest money to be made online-simply by finding free ebooks online, and then selling them for $1.49 on Tradebit!
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Old 10-03-2011, 06:20 PM   #32
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Default Re: Is TradeBit Legit?

I've used TradeBit to sell some items... it's very legit... unfortunately a lot of marketers there seem to think by lowering the price to $1.99 (or less0 will get them more sales on "reseller" items but all they're really doing is destroying the value of the product especially if it is a good one... mostly in internet marketing niche etc... that being said, if you're looking for an outlet to sell digital products it's definitely a good way to go... PayLoadz is another one you might want to look at also...

Just my thoughts...
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Old 10-06-2011, 02:14 AM   #33
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Default Re: Is TradeBit Legit?

Quote:
Originally Posted by flipkid View Post
Tadebit is totally legit. I use it all the time to grab MRR and PLR products. Pay with Paypal, no fees, low prices. There's not a better place on the net IMO.
I'd have to agree I too sell a few items on tradebit and have not found a place with more traffic for digital products. If anyone knows of one I'd like to know.

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Old 10-06-2011, 02:30 AM   #34
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Default Re: Is TradeBit Legit?

Thanks for the useful info. I've dabbled with TradeBit before with no success - perhaps I should look at it a bit more seriously!

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