By Michael Miller
The ability of on-line auctions is attracting hundreds of thousands of thousands--if no longer millions--of clients who are looking to flip their eBay leisure pursuits into ecocnomic companies. whereas turning an eBay pastime into an eBay company could glance effortless, making that company ecocnomic is way more challenging. no longer sufficient deal with their eBay revenues as a company, and as a consequence are disillusioned within the effects. To release a profitable and ecocnomic eBay business, the specific directions during this booklet will assist you to start. it is going to assist you make sure what sort of business you are looking to run, write an action-oriented marketing strategy, determine a good accounting process, arrange a house workplace, receive beginning stock, manage preliminary investment, determine an eBay presence, and set up for automatic post-auction administration. This publication is a step by step advisor for anyone interested by being profitable from their eBay revenues. in contrast to different computer-oriented titles, it is a straight-ahead enterprise publication that indicates easy methods to manage and run types of eBay companies, and the way to maximise revenues and gains whereas doing so. This publication features a part titled "Choosing Your eBay company" that info six varieties of eBay companies you can begin. incorporated during this part is a bankruptcy on eBay buying and selling Assistants (AKA drop-off shops or consignment stores), that's the most recent kind of an eBay company.
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Extra resources for Making a Living from Your eBay Business (2nd Edition)
Example text
There’s no point at all in setting up a business in which you have little or no interest. You’ll be more successful—and lot happier—when you build your business around something you’re familiar with, and something you like. Anyone, after all, can sell paper clips; but only you can create a unique business based on your personal interests and strengths. Researching “hot” categories can only go so far; your final decision needs to be made with your head and your heart. With that in mind, read on to learn how to research and launch the type of eBay business that’s best for you.
What is the average final selling price? ■ Are sales of this product increasing or decreasing over time? For example, I discovered that during the month of June, 2006, there were 3,185 listings for Nikon Coolpix digital cameras on eBay. 97—a fairly hot category. In contrast, during the same month there were 834 auctions for men’s golf jackets. 16—a less-exciting category, by all measurements. If I had to choose between these two products to sell, I’d be a lot more interested in those digital cameras than I would the golf jackets.
What you don’t want to do is set up your business first and then ask how much money you’ll make on it. Successful businesses start out with a specific goal in mind and then work toward that goal. Unsuccessful businesses open their doors (figuratively speaking, of course) without knowing where they’ll end up—and, more often than not, end up going pretty much nowhere at all. Let’s work through an example. You’ve talked it over with your family and decided that you would be extremely happy if you could quit your current job and generate the same income from your eBay business.