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Your eBay Business - 8 Ways To Insure Its Success
I don't know if you've ever noticed, but it seems like every week or two we read about another Powerseller going out of business. If you want your auction business to be a long-term success, then it's important that you plan now for it's continued growth. According to some people the world economy may be moving toward a 1930's like depression. Others say there is no chance of that happening. Even without something as catastrophic as a world-wide depression, there are still plenty of little things that can put a damper on your success. But, whatever the situation, it's a good idea to hedge your bets. Here's eight tips for preparing your eBay auction business for whatever the future may hold: 1. Keep your overhead low One of the biggest advantages that you, as an independent businessperson, have in today's marketplace is that you can control your own overhead. You don't need big offices, lots of employees, and a lot of the expensive trappings of traditional businesses. By always keeping a close eye on your overhead, you will be in position to weather the slow times on eBay and/or slow economic times. In this business you can't always control how many sales you make, but you can control your overhead. Keep it low. 2. Invest in tools and training Successful eBay sellers survive and prosper because they are willing to invest in new skills and tools; and to take the time to learn how to use them to make themselves more productive. The key to long- term growth is to continually learn new skills and acquire new tools that will save you both time and money. The more skills you develop, the more flexible you can be with the types of products you sell and how you sell them. At the same time, it's important to invest your time and money wisely. Many people that want to build a full time eBay business willingly spend $200 - $300 over a period of time on several $20 - $30 products, but are reluctant to spend $100 or more on one product. While there are certainly some expensive products that are of little or no value, many times the best products are priced at an amount that belies their value. 3. Have multiple income streams We've all heard the old saying "Don't put all your eggs in one basket." Nowhere is it truer than on eBay. Try to set up at least three or four different niches, each of which produces it's own stream of income. There are a couple of advantages to this. First, while the income you make from each niche might not be enough to survive on, the combined income can provide a comfortable living. Secondly, should one or more of the niches suddenly slow down, you will still have income from the others to tide you over until new income streams can be created. 4. Have a Plan B & Plan C in place It's a fact of life that very few lucrative niches on eBay last forever. What will you do if you most productive niche suddenly takes a dive into the dumpster? And, what if another of your niches takes a dive also? Knowing the answers to these questions will help prevent you from having to make decisions out of desperation. You should always have a backup plan in place. You should be continually looking for and developing new niches that you can move into if others become unproductive. 5. Be flexible and be ready to react quickly to changing conditions or developments Always be on the lookout for the occasional, short term, hot item that pops up on eBay. Within the last year it was Dragonball Z, Beyblades and Furreal Friends. Would you have seen them coming and been in a position to take advantage of the craze for one of more of them? Many so called auction experts talk about utilities such as Hotbids.com or Andale's Research tool to help you determine what's hot. But the secret isn't to find out what is hot; it's determining what is going to be hot. There are several web sites and tools you can use to do this. One of the best is Lycos 50, a daily report on Lycos.com by Chris Schatz. He talks about the top 50 keyword searches on Lycos and makes predictions. If you had been a regular reader, you would have read his predictions for how hot each of these items would have been enough ahead of time to position yourself on eBay to take advantage of the craze when it really hit. The point is that, many times, the real research tools you should be using aren't in any way connected with eBay. Neither are they being touted by the so called experts. But they're there to be used by you if you are imaginative enough to see how what they offer can fit into your business. Whenever there is change, there is always opportunity. But only if you can see the change coming and are flexible enough and have the skills and tools needed to take advantage of it. 6. Don't make decisions out of desperation Never let any situation get so out of control that you have to make hasty decisions out of desperation. In nearly all cases, doing so will only cause more problems. It is far better to take the long-term view - constantly monitor your business so that you can take any necessary steps and make any necessary changes before the problems become critical. 7. Always keep your priorities straight Never let your business take over your life. Your priorities should be family, health, morality, and then business. It's never worth destroying your family, health, or reputation trying to build your business. If your business gets in the way of family responsibilities, change your business. If your business is destroying your health, change your business. If your business is causing you to make decisions you know are immoral or illegal, change your business. Always remember what your long-term goals are and don't sacrifice them for a quick, short surge in business. 8. Suck it up and hang in there If you are in business for any length of time you are going to run into rough spots and tough times. Often with that happens you will see a lot of people bail out and quit. In many cases, those few players that remain in the game are the ones who survive the tough times and go on to become extremely successful. If you are selling good products, have low overhead, and multiple streams of income from several niches, you can afford to hang in there a lot longer than your competition. And sometimes, just by sucking it up and hanging in there, you become the winner of customers by default - because they have nowhere else to go. Gary Hendrickson has been making his living selling on eBay for more than six years. He's the author of two eBay related ebooks, has a blog for eBay sellers, and is the owner of ColdItems.Com. ColdItems.ComThe Auction Rebel Blog
MORE RESOURCES: Selected Western livestock auctions | Livestock Auctions Capital Press Oregon. EUGENE. (Eugene Livestock Auction). Aug. 17. Total Receipts: 727. Comments: Slaughter cows and bulls staying strong. Feeder cattle a little sluggish ... Unclaimed treasures up for auction in Orlando Fox 35 Orlando Gold coins worth thousands, Rolex watches, a newspaper from the day JFK was killed, and piles of sports memorabilia are all up for auction in Orlando this ... Nazi Porsche Type 64 Car: Latest News on Auction Blunder Bloomberg But will the botched-bidding scandal create real change in an industry constantly racing to up the stakes? Newport criminal goods auction raises £150,000 BBC News A Ferrari, sold for £33000, is among dozens of items seized from criminals and sold at auction. How to Use Yahoo! Auctions to Buy the Best Japanese Grails Highsnobiety This guide will take you through the process of buying on Yahoo Auctions so you'll be killing the Japanese resale market in no time. Maria Mitchell Association Hosting Auctions CapeCod.com News NANTUCKET – The Maria Mitchell Association is hosting auctions of unique items in support of its scientific programs and resources. All proceeds of the online ... Glencore, Trafigura buy metal in Qingdao court auctions Reuters Commodity traders Glencore PLC and Trafigura [TRAFGF.UL] have picked up a combined 70479 tonnes of aluminum over the past week by winning online ... RM Auctions to offer Bill Mitchell COPO Corvette Collection at Auburn Fall duPont REGISTRY DAILY RM Auctions is will present the Jim Mangione Collection, comprised of five iterations of “America's sports car,” the Corvette, alongside a Pontiac. $20 million Porsche flops in auction snafu CNBC There were no more bids after $17 million. Since $17 million was below the reserve price -- or minimum required by the seller — RM Sotheby's pulled the lot. Top 120 sales & non sales of 2019 Monterey Car Auctions New Atlas The Monterey Car Week auctions left the collector car world in a state of shock. Sales totals were expected to be similar to 2018 when 850 cars sold for US$370 ... Chickens and Rabbits kick off two days of auctions at the fair Your News Now Small animals and their owners entered the arena to be auctioned off. Rabbits and chickens were the focus for Thursday's 4-H animal project auctions. President Obama's high school basketball jersey sold for $120,000 this weekend in online auction CNBC The No. 23 basketball jersey believed to have been worn by President Obama when he was a high school senior sold in an online auction for $120000. Obama's high school basketball jersey sells for $120G at auction Fox News Former President Barack Obama's game-worn high school basketball jersey – nearly lost forever in the trash – has sold at auction for $120000. Fantasy Football 2019: Auction Draft Primer and Strategies Sports Illustrated New to auction drafting? Here's all you need to know before your first fantasy draft. 1923 Packers stock certificate exceeds expectations at auction Green Bay Press Gazette A rare 1923 Green Bay Packers stock certificate was auctioned off on Saturday for more than double the estimate. Last orders: Rise of closing auctions stirs worries in European... Reuters The final five minutes of trading have become the busiest time of day for stock market traders in Europe. Skiatook Auction nears 45 years in business Tulsa World The Skiatook Auction is approaching their 45th year of operation. Richard Barnes started the auction on May 10, 1975 at only 15 years old. Letter From Pebble Beach: What a Disappointing Classic Car Auction Tells Us About the 1%—and the Economy Fortune Despite a record number of cars hitting the auction block this year, the total value raised came in at a paltry $245 million, representing a 34% decrease from the ... Dealer-farmer auction attracts national crowd WGEM Sullivan Auctions officials said anywhere between 500 to 600 people showed up to bid on over 2200 pieces of farming equipment at the first day of their ... County to auction more than 120 properties oswegocountynewsnow.com OSWEGO — The annual Oswego County Tax Auction is set to take place Oct. 5, in Mexico, offering bidders a selection of approximately 120 foreclosed ... A $2.4 Million Art Auction Hints At Collectors' Growing Interest In Retro Sci-Fi Art Forbes Heritage Auctions just had a good week: The auction house broke multiple records with the sale of a science fiction art collection that exceeded its pre-auction ... ‘Great deal’ at home foreclosure auction turns out to be red hot Sun Sentinel When it comes to county auctions, it's buyer beware. But a Boca Raton investor lucked out after buying a home he didn't know had burned down. The man on the phone: What's it like making history's highest auction bid? CNN In 2017, an anonymous buyer paid $450 million for Leonardo da Vinci's "Salvator Mundi." But it was down to Alex Rotter, on the other end of the telephone, ... China W market under pressure amid Fanya auction Argus Media The Chinese tungsten market is expected to come under downwards pressure from a possible auction of ammonium paratungstate (APT) stocks from the ... Bidders, sellers disagree on values at Monterey auctions The ClassicCars.com Journal Although Bonhams and RM Sotheby's added an early and extra day to the annual collector car auctions that take place during Monterey Car Week 2019, with ... Auction Alert: 270+ Signed Luxury Jewels and More at Kruse GWS Auctions JCK While Kruse GWS Auctions hasn't been on my radar as much as other auction houses of late, I was excited to peruse the catalog for its upcoming Royal Artifacts, ... Heritage Auctions – Seldom Seen Selections: Proof 1975 No S Dime, Only Two Known CoinWeek Listed in first place in the third edition of the 100 Greatest U.S. Modern Coins, the 1975 No S proof Roosevelt dime is one of the rarest issues in all of. Out-of-this-world auction puts Apollo 11 items up for grabs WESH 2 Orlando There is an out-of-this-world auction going on this weekend with some amazing Apollo-era artifacts up for grabs. "Items like this Apollo Guest Center sign, that's ... Lawsuits could change foreclosure auctions in Lansing region Lansing State Journal Class-action lawsuit against Ingham County maintains auction profits should go back to homeowners who lost property. The richest car sale of the year: $380 million of wheels set for auction at Pebble Beach CNBC For the wealthy collectors who converge from across the globe on Monterey Car Week, the biggest spectator sport over the weekend is the auctions. East of Eden, listed for $12.5M, to go to auction Mount Desert Islander BAR HARBOR — The historic mansion East of Eden will go to auction on Sept. 7, unless sold beforehand. The mansion is currently listed for sale for $12.5. J Levine Auctions being liquidated? ABC15 Arizona If you are one of the many creditors owed money by J Levine Auctions, it may have just become harder to collect anything. Got $100,000 to Buy Obama’s Old Basketball Jersey at Auction? The New York Times An auction house selling the jersey, which the former president is believed to have worn while playing in high school, says it could fetch that much when bidding ... Aquis turnover in new closing auction totals 208 million euro since Aug. 13 Reuters Turnover on Aquis Exchange Plc's new end-of-day auction has totaled some 208 million euro ($230.8 million) over the past week, a spokeswoman said, the ... See the super-rare 30 most-expensive cars up for auction at Monterey including vintage Ferraris, Porsches, and Aston Martins INSIDER The Monterey car auctions are a time of wealth and wheels. Here are the 30 most expensive cars being auctioned off this week. 2019 Fantasy Football Draft Day Cheat Sheet: Rankings, auction values, sleepers, busts, and everything you need to build a winner CBS Sports Get everything you need for Draft Day in one spot, with everything from our Fantasy Football Today crew. Elvis Presley's Lincoln Limousine "Family Car" Is Hitting the Auction Block Mental Floss Elvis Presley not only liked peanut-butter-bacon-and-banana sandwiches, he also loved cars. The King owned more than 100 automobiles, including several ... Elvis Presley's long-hidden Lincoln limousine up for auction Fox News Elvis Presley's pal Wink Martindale reveals why he 'broke down' after seeing The King for the last time. Radio personality and game show host Wink Martindale ... Marilyn Monroe Outfits, Once Owned by Debbie Reynolds, Up For Auction Hollywood Reporter Marilyn Monroe costumes from 'Gentlemen Prefer Blondes,' 'There's No Business Like Show Business' and 'River of No Return' are among the 115 items that ... Swines dominate at fair's 4-H and FFA Market Livestock Auction Meadville Tribune WEST MEAD TOWNSHIP — It was a day for budding farmers and 4-H enthusiasts Friday at the Crawford County Fair. A Christie’s-Owned Tech Company Must Pay Heritage Auctions $1.8 Million for Data Theft, a Court Rules artnet News A judge has ordered Collectrium to pay Heritage Auctions close to $1.8 million, bringing to a close the long-running data theft lawsuit filed by the Dallas ... EVE auction draws a crowd | News, Sports, Jobs Marietta Times EVE, Inc., has held a benefit auction for the past 36 years, its main annual fundraiser. Between the silent auction – this year, including items contributed by 130 ... Late farmer's massive car collection up for auction in Minnesota Fox News There's a bumper crop of over 100 classic cars coming up for auction in Minnesota this Saturday. (VanDerBrink Auctions). The vehicles were owned by a farmer ... Transparent Real Estate Auctions Are Catching On GlobeNewswire Two more GTA properties are up for open bidding in August. Gallery: Rare Ferrari, Porsche, other exotic cars sold at auction Fox Business These are some of the most expensive cars that sold in Monterey, California. Bieber Tourways properties in Kutztown might be going to auction Reading Eagle Upset tax sale scheduled for Sept. 19 unless back taxes are paid. Wind up this weekend for an automatons auction The Columbia Chronicle Vintage animatronics will be auctioned off for anywhere between hundreds to thousands of dollars Saturday at a North Center auction house. North Center's ... The 9 Coolest Cars Up for Auction at Monterey Car Week 2019 Forbes From a 1939 Porsche to two ferocious Ferraris from the '50s to a 1995 Vector M12, these are the best vehicles up for auction at Monterey Car Week 2019. Auction bid calling contest supports youth Brookings Register HURON – The South Dakota Auctioneers Association Bid Calling Contest and Benefit Auction will be held at 2 p.m. Sunday, Sept. 1, on the Dakotaland Stage at ... District to auction old tech equipment | Local | thetandd.com The Times and Democrat Calhoun County School District will soon auction some of its computers and other technology equipment to the public. Auctions, Results & Fairs The Irish Times Brooches and peridot pieces, rare U2 items, 14.5ct diamond tennis bracelet. Auction Strategy: Avoiding the Bidding War (Fantasy Football) The Fantasy Footballers Editor's Note: Researching for an auction draft? Find out how to build an auction budget, find 2019's auction values, and organize it all into auction tiers. Lots of ... Romania's road company auctions construction of 4th section of Pitesti-Craiova expressway Romania-Insider.com The 4th section of Craiova - Pitești expressway, about 32 km long, was auctioned again by the national road company C. Signed Jimmy Buffett surfboard auction & raffle raising money for Lowcountry veterans ABC NEWS 4 Parrot Heads and patriots can come together for a great cause on Saturday evening. Warrior Surf Foundation, a nonprofit that works to show veterans and their ... Rare props from 'Star Wars,' 'Batman' and other classics up for auction New York Post Some of the artifacts going under the hammer include: the armor Russell Crow wore in "Gladiator" (valued at more than $36000); Jack Nicholson's axe from "The ... 2019 Fantasy Football Draft Prep: How to crush your auctions CBS Sports Patience and awareness are just two skills you'll need if you're going to come out of your Fantasy Football auction looking like a champ. We Went to an Art Auction on a Cruise Ship. It Was… Unusual artnet News Have you never had the privilege of attending a cruise ship auction? Here's what it's like to buy art on the high seas. Calf with fifth leg sells at auction - Trending & Viral WTHR Despite many saying the cow wasn't going survive with a fifth leg growing from her head, she seems healthy. Sundance auction highlights Labor Day weekend Aug. 31 CapeGazette.com While some think of CAMP Rehoboth's Sundance as a chance to experience New York City club atmosphere, lights, and sounds in Rehoboth Beach, that's only ... Rare 1894 dime sells for $1.32M at auction KTVU San Francisco An incredibly rare dime once owned by late Los Angeles Lakers owner Dr. Jerry Buss sold for $1.32 million in a Chicago auction. Dewey Beach Sets Auction Date for Military Surplus Equipment WBOC TV 16 The town has been involved with the military surplus program for over a decade. A date has been set to auction off unused and unwanted equipment. £2.3 Million in Seized Luxury Goods Offered at Wales Auction Barron's Designer shoes, Rolex watches, and a Ferrari are among an estimated £2.3 million (US$2.8 million) worth of luxury goods seized from criminals that will be ... Tickets available for Mentor public art gala and auction News-Herald.com The City of Mentor and the Mentor Community Arts Commission will host the city's first ever public art gala and auction at 6 p.m., Sept. 14 in the Mentor Senior. Producer and Philanthropist Terry Allen Kramer’s Collection Heads to Auction Barron's A vast collection from the esteemed Broadway producer Terry Allen Kramer, who died in May at 86, will be offered in a series of sales at Christie's from Oct. 2019 ... K-9 officer helps flush suspect out of woods in Mebane auction house armed robbery WTVD-TV MEBANE, N.C. (WTVD) -- Orange County Sheriff's deputies have one man in custody and are looking for another suspect in an armed robbery Friday morning. Obama's high school basketball jersey is up for auction CNN A high school basketball jersey once worn by former President Barack Obama is up for auction. Dallas Auction House Taking Bids For President Obama’s HS Basketball Jersey CBS Dallas / Fort Worth DALLAS (CBSDFW.COM) – Time is running out for anyone wanting to bid on a high school basketball jersey believed to have been worn by President Barack ... Auction set for items inside historic Reid Memorial Presbyterian Church building Palladium-Item An auction next month will sell items inside the now-closed Reid Memorial Presbyterian Church, but none of its historic features will be included. Insurance Auto Auctions, LKQ capitalize on rising demand for auto salvage - Crain's Chicago Business Insurance Auto Auctions, LKQ capitalize on rising demand for auto salvage Crain's Chicago Business Rows of damaged cars, slowly being scavenged for parts, sit in the 8-acre junkyard at the LKQ Pick Your Part site in West Humboldt Park. Mechanics shopping ... Auction of one-of-a-kind Porsche falls apart after bizarre bidding error MarketWatch A much-hyped car auction sputtered out in the weirdest way Saturday. Moon pics and lunar overshoe: 'Everything Apollo' for sale in live/online benefit auction Florida Today A sale of Apollo-specific items, benefiting the American Space Museum, runs Friday and Saturday — live at the museum in Titusville and online, too. Estate of Hawaii celebrity Jim Nabors goes to auction KHON2 HONOLULU (KHON2) — Estate Liquidators Hawaii and Oahu Auctions present the Auction for the Estate of Hollywood celebrity Jim Nabors. The auction is ... Sapulpa Company Holds Auctions To Help Flood Victims Recover News On 6 From metal, to siding, to lumber, and bathtubs, a lot is up for auction this weekend in Sapulpa. Rare muscle car brings top bid at Owls Head auto auction Biddeford Journal Tribune OWLS HEAD — The Owls Head Transportation Museum raised more than $3.6 million in weekend sales at its annual New England Auto Auction, held Aug. Former Coshocton Yard up for auction Coshocton Tribune The restaurant is 3100 square feet and the banquet center is 2400. The combined property is appraised at $240000. The auction is Aug. 24. Melbourne auctions: Clearance rate passes 80 per cent but Abbotsford four-bedder just scrapes over the line Domain News Melbourne's auction clearance rate has jumped above the 80 per cent threshold as confident buyers jump back into the market, preliminary figures show. Latest federal lease auction shows slow rebound in Gulf of Mexico oil exploration NOLA.com The Gulf of Mexico is either rebounding well as a world-class offshore oil and gas exploration site, or recovering painfully slowly from the oil crash five years ago. Marlon Brando's Rolex GMT-Master, Worn In Apocalypse Now, Hits The Auction Block At Phillips Forbes A Rolex GMT-Master worn by Marlon Brando in Apocalypse Now is set to be auctioned by Phillips in Association with Bacs & Russo. The themed auction, called ... Former MBAN building in Belfast going up for auction Raleigh News & Observer A large complex where former credit card company once employed 2000 Mainers is going up for auction. Auction held every week at Action Auctioneers FOX 13 News, Tampa Bay Action Auctioneers is getting ready for their weekly auction. KPD auction Saturday so streets will close | Local Kearney Hub KEARNEY — Avenue B from Railroad Street to just south of 22nd Street will be closed 7 a.m. to 5 p.m. Saturday, according to the city of Kearney. Livestock auction: Fair's heart | News | avpress.com Antelope Valley Press LANCASTER — The sounds of bleating lambs and braying goats mixed with the rapid-fire patter of the auctioneer and an enthusiastic crowd Thursday morning ... Kenya Airports Authority auctions abandoned aeroplanes BBC News The Kenya Airports Authority has overseen auctioned planes abandoned at Nairobi's Wilson Airport. 1987 Cult Video Game Expected to Sell for $10000 in Auction TIME (RENO, Nev.) — An unopened copy of a 1987 cult-classic video game that a Nevada man found in the attic of his childhood home is expected to sell for up to ... Mexico auctions property once owned by criminals for good cause Aljazeera.com Critics of President Obrador have called the auctions a populist measure. Titan Tire Corporation to host tire auction | Business Fremont Tribune Titan Tire Corporation, a subsidiary of Titan International Inc., will be hosting a tire auction for the Nebraska FFA Foundation at Husker Harvest Days on Sept. 11. Tony-winning producer Terry Allen Kramer's collection heads to auction Yahoo News Beginning this fall, Christie's will auction more than 260 pieces from the estate of late philanthropist and esteemed Broadway producer Terry Allen Kramer. New life for EBTH? Potential buyer found for online auction house WCPO A potential buyer has emerged for the assets of Everything but the House, but it's still too early to say whether that will be enough to save hundreds of jobs at the ... Court Documents: Blackjewel auction results show possible future of mines WYMT News (WYMT) - The results of the Blackjewel auction were released after a judge ordered those be made public by 9 a.m. on Sunday. Through court documents ... Family Fun Center is holding an auction. So if you ever wanted a rotating rock wall in your home... Omaha World-Herald It's all fun and games until the bids start rolling in. Family Fun Center XL, which closed in March, will be auctioning off several of its arcade games and other ... Fairfield Auction Conducts CH Booth Library Fundraiser The Newtown Bee Residents have the unique opportunity to own furniture and antiques once housed at the C.H. Booth Library by bidding on designated items for sale through ... Zao Wou-Ki’s ‘Voie Lactée’ to Highlight Christie’s Shanghai Auction Barron's A Milky Way-themed oil painting by Chinese-French artist Zao Wou-Ki will be a star lot at a Christie's auction in Shanghai this September. The large-format ... Former MBNA complex in Belfast going up for auction Kennebec Journal & Morning Sentinel The 320000-square-foot property has been for lease for more than a year. Mustard Seed celebrates ‘Sweet Sixteen’ charity auction WANE FORT WAYNE, Ind. (WANE) – Mustard Seed is celebrating its Sweet Sixteen. Sixteen years of its annual auction to provide free furniture to those in need. Tickets on sale for Special Olympics Kansas Auction/Autograph signing WIBW Tickets are now on sale for the second annual Special Olympics Kansas Memorabilia Auction. The event will be held on September 14 at the Shawnee Civic ... A waterfront mansion on MDI's 'Millionaire's Row' is going to auction Bangor Daily News After nearly two years on the market, a Gilded Age waterfront mansion in Bar Harbor located along a stretch of shoreline formerly known as “Millionaire's Row” is ... Bidders get sneak peak of unclaimed property auction WKMG News 6 & ClickOrlando Dozens of bidders got an opportunity to look at unclaimed items Friday ahead of the Unclaimed Property Auction this weekend. Berks sets public auction of Bieber Tourways buildings 69News WFMZ-TV At least six Bieber Tourways parcels in Kutztown will be put up for bid at a public auction unless the defunct company's owner pays tens of thousands of dollars ... JPD vehicle auction begins next week Juneau Empire The Juneau Police Department will host an online vehicle auction for impounded vehicles beginning at 8 a.m. Monday, Aug. 26. The auction will run until 4:30 ... Illinois Equine Humane Center to host fundraising auction and event Kane County Chronicle MAPLE PARK – Illinois Equine Humane Center is hosting its 2nd annual Silent Auction and Farm Festival from 5 to 9 p.m. on Sept. 15 at the equine rescue and ... |
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