Entrepreneurs – Want To Start A Serious Ebay Business?
Entrepreneurs – Want To Start A Serious Ebay Business?
First of all - all the information you need to set up and manage an eBay account and store are on eBay itself - so don't buy some cheap ebook just to get the same information. Now here is a simple plan for you.
1) Have a good look at eBay and see what kind of things sell well. Make a list of 20 - 30 items that you are interested in. Don't pick any high cost or heavy/hard to ship items unless you are really interested in that business area.
2) Cross of any items where there appear to be dominated by 2-3 Power Sellers - printer ink would be an example. These are markets that will be too difficult to penetrate for someone with little feedback.
3) Work out what it will cost to sell an item in the price ranges you are looking for. Include payment processing costs, listing costs and selling costs. Ditto for shipping, packing and mailing costs. This is your cost of doing business.
4) Pick the top 10 cheapest to fulfill – that is list, process payments, correspond with the customer, wrap and mail the item, then support the sale afterwards. Research the cheapest purchasing cost you can buy these products at. Look at your local flea markets, garage sales, sales, auctions on and off line and local retailers or producers.
5) Now pick your top 5 items that appear to make a reasonable profit of 50% or more.
6) Test sell a few of each of the 5 items to see what happens. If not satisfactory after about 3 weeks then move onto another 5 items.
7) Rinse and repeat, remembering to change your sale items every so often.
Good Luck.
Entrepreneurs Want To Start A Serious Ebay Business - To learn more about this author, visit 's Website.
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OK, you are really serious about setting up your new business; you don’t want some hobby but the real thing. You’ve thought about buying and sell on eBay, but are unsure if you can make a living off of it. Well millions do – but you have to approach it like every other business. Here’s a start up plan for you.
First of all - all the information you need to set up and manage an eBay account and store are on eBay itself - so don't buy some cheap ebook just to get the same information. Now here is a simple plan for you.
1) Have a good look at eBay and see what kind of things sell well. Make a list of 20 - 30 items that you are interested in. Don't pick any high cost or heavy/hard to ship items unless you are really interested in that business area.
2) Cross of any items where there appear to be dominated by 2-3 Power Sellers - printer ink would be an example. These are markets that will be too difficult to penetrate for someone with little feedback.
3) Work out what it will cost to sell an item in the price ranges you are looking for. Include payment processing costs, listing costs and selling costs. Ditto for shipping, packing and mailing costs. This is your cost of doing business.
4) Pick the top 10 cheapest to fulfill – that is list, process payments, correspond with the customer, wrap and mail the item, then support the sale afterwards. Research the cheapest purchasing cost you can buy these products at. Look at your local flea markets, garage sales, sales, auctions on and off line and local retailers or producers.
5) Now pick your top 5 items that appear to make a reasonable profit of 50% or more.
6) Test sell a few of each of the 5 items to see what happens. If not satisfactory after about 3 weeks then move onto another 5 items.
7) Rinse and repeat, remembering to change your sale items every so often.
Good Luck.
Entrepreneurs Want To Start A Serious Ebay Business - To learn more about this author, visit 's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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