By Michael Miller
A real-world enterprise publication for the explosion of eBay marketers! Absolute Beginner's advisor to Launching an eBay enterprise courses you step by step in the course of the means of developing an eBay company, and gives real-world recommendation on how one can run that enterprise on a daily foundation and maximize monetary luck. This publication covers deciding upon what sort of enterprise to run, writing an action-oriented marketing strategy, setting up an efficient accounting approach, developing a house place of work, acquiring beginning stock, arranging preliminary investment, constructing an eBay presence, and arranging for computerized post-auction administration.
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Extra resources for Absolute Beginner's Guide to Launching an Ebay Business
Why You Need a Business Plan Okay. You’ve thought through what you want to sell and the amount of work involved, and you’re convinced that it’s doable. Why not just get started now? There are several good reasons to put your planning down on paper. First, by formally writing down your plan, you’re guaranteeing that you’ll actually think through what you’re going to do—you won’t slide by without doing the critical thinking. Second, by committing your plan to paper, you have a real plan—something you can follow in the future, and use as a benchmark when evaluating your success.
Many buyers—especially those just getting started—don’t like reserve price auctions, and shy away from them. That’s probably because they appear more complicated than regular auctions (and they are, just a little), and also because the reserve price is never disclosed to bidders. In this case, lack of familiarity definitely breeds contempt, at least from a certain class of bidders. But there’s something to the confusion factor. Let’s say you set a minimum price of $5 for an item (really low, to get a buzz going and attract some early bidders) but a reserve price of $50 (because that’s what you believe the item is really worth).
My source will sell me these gift baskets for $5 apiece. If I sell them for $20, on average, I think I can take 10% of the sales in the category. That means I’ll be selling close to 50 gift baskets a week. Taking all my costs into account, that should generate about $30,000 in profit a year. CHAPTER 3 STEP ONE: CREATE A BUSINESS PLAN 35 “To handle this volume of sales, I plan to set up kind of an assembly line in my spare bedroom. I’ll buy the gift baskets in bulk and store them in my garage. I can purchase shipping boxes from my local box store, and ship the baskets via Priority Mail.
Absolute Beginner's Guide to Launching an Ebay Business by Michael Miller