Download Making a Living from Your eBay Business by Michael Miller PDF

By Michael Miller

The ability of on-line auctions is attracting millions - if no longer hundreds of thousands - of clients who are looking to flip their eBay spare time activities into ecocnomic companies. whereas turning an eBay pastime into an eBay enterprise could glance effortless, making that company ecocnomic is far more challenging. no longer adequate dealers deal with their eBay revenues as a enterprise, and therefore are dissatisfied within the effects. To release a winning and ecocnomic eBay company, the unique directions during this e-book will assist you start. it's going to assist you confirm what sort of enterprise you need to run, write an action-oriented marketing strategy, determine an efficient accounting method, organize a house place of work, receive beginning stock, manage preliminary investment, identify an eBay presence, and organize for automatic post-auction administration. This publication is a step by step advisor for somebody fascinated about being profitable from their eBay revenues. in contrast to different computer-oriented titles, it is a straight-ahead enterprise booklet that indicates tips to organize and run forms of eBay companies, and the way to maximise revenues and earnings whereas doing so. This publication incorporates a part titled "Choosing Your eBay enterprise" that info six types 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 is the most recent type of an eBay enterprise.

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How many auctions are listed every week, on average? Is there enough business in this category to generate an acceptable income? ) • Is this a hot product category? Size isn't everything; you also need to look at the percent of auctions that close successfully. A category with a low close rate is "soft"that is, customer demand is low, compared to product supply. A category with a high close rate is much hotter, which means that a larger percentage of customers want the products that other users are selling.

These are variable expenses, typically figured as a percent of your projected sales. ) • Packing supplies. This is where you'd put that postal scale, as well as boxes, labels, sealing tape, and the like. • Office supplies. This category is for all your consumable office itemspaper, pens, paper clips, printer toner or ink cartridges, staples, and so on. • Inventory. While not an operating expense per se, this is probably the biggest ongoing expenditure for most eBay sellers. If you have to purchase the items you intend to sell, you include those inventory costs here.

That means creating a solid business plan and printing it out in a professional fashion. It also means working through your financials so that they're as solid as possible. And rememberwhen you're dealing with bankers and loan officers, think staid, lowkey, and conservative. • Show a real use for the money. Bankers won't want to lend you money without a good justification for it. ) Show exactly how the money will be used, and be precise; bankers are nothing if not detail oriented. Note 54 Part 1: Planning and Launching Your eBay Business Part 1: Planning and Launching Your eBay Business 55 If you have trouble getting a bank to lend you money, you can enlist the services of the Small Business Administration (SBA).

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