By Michael Miller
The facility of on-line auctions is attracting thousands of thousands--if now not millions--of clients who are looking to flip their eBay leisure pursuits into ecocnomic companies. whereas turning an eBay pastime into an eBay company may perhaps glance effortless, making that company ecocnomic is far tougher. now not sufficient deal with their eBay revenues as a company, and consequently are upset within the effects. To release a winning and ecocnomic eBay business, the particular directions during this e-book will make it easier to start. it is going to assist you confirm what sort of business you are looking to run, write an action-oriented marketing strategy, identify a good accounting method, arrange a house workplace, receive beginning stock, set up preliminary investment, identify an eBay presence, and manage for computerized post-auction administration. This ebook is a step by step advisor for anyone desirous about being profitable from their eBay revenues. in contrast to different computer-oriented titles, this can be a straight-ahead enterprise ebook that indicates easy methods to manage and run types of eBay companies, and the way to maximise revenues and earnings whereas doing so. This ebook incorporates a part titled "Choosing Your eBay company" that information six sorts of eBay companies you can begin. integrated during this part is a bankruptcy on eBay buying and selling Assistants (AKA drop-off shops or consignment stores), that's the most recent type of an eBay company.
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Additional info for Making a Living from Your eBay Business (2nd Edition)
Sample text
As much as I’d like to tell you how easy it is to get rich quick on eBay, success definitely is not guaranteed. Success is, however, more likely when you do your planning beforehand. What type of planning am I talking about? Here’s a short list: ■ Research sales across a variety of product categories to find the right merchandise to sell (covered in Chapter 2) ■ Think through your business goals and write a short business plan that outlines what you want to achieve—and how (covered in Chapter 3) ■ Evaluate how much money you’ll need to get started, and figure out where you can get that money (covered in Chapter 4) ■ Determine what type of business entity you want to create—a simple sole proprietorship or a legal corporation (covered in Chapter 5) ■ Set up a complete recordkeeping system, including both inventory management and accounting (covered in Chapter 6) ■ Determine how much physical space you’ll need to manage your eBay sales—including inventory storage, packing and shipping, and your home office (covered in Chapter 7) As part of this planning, you need to work up a sales projection for your first year of business, along with a budget of your expenses.
It’s easy to start selling on eBay and even to generate a small profit in the short term. But to launch a business that generates sustained profits, you need to plan for that success. If you don’t know where you want to go, you’ll never get there. The easiest way to begin this planning process is to ask yourself a series of questions. When you can comfortably answer these questions, you’ll have the framework of your business plan. What Type of Business Do You Want to Run? The first question to ask is the most important: What type of business do you want to run?
I’ve had a few people read the first edition of this book and comment they thought I spent too much time covering business-related information; in their opinion, you don’t need to know all this business stuff to be successful on eBay. Those readers are, of course, mistaken—as they’ll no doubt discover for themselves in time. Yes, it’s ridiculously easy for any individual to start selling on eBay. You don’t need a business degree to fill out the Sell Your Item form and create a rudimentary auction listing.