Everything you think to do or sell on eBay auctions I believe is great.
How many times you been asked yourself,
Why is this guy more successful than me?
What he doing better than me?
His images and item descriptions are worse than mine. This is bad approach to the problem.
Let’s ask, What he know, which skills he has?
I’ll tell you what he knows.
Maybe he have crappie images and items description not even close to yours. FYI, he kicking your ass because he know that plan is very important and he has one. That’s the only difference between you and him. Making a plan is not even skill, is just a process and means a lot.
Formally writing down your plan, you’re guaranteeing that you’ll actually think through what you’re going to do. Always you can remind yourself.
You have a real plan (written) something you can follow in the future, and use as a benchmark (the key) when evaluating your success.
Assume you need funding for your business (my favorite), grab your plan and impress investors.
With good plan you will be ahead of the game, here is a few reasons why you need a plan:
I’ll show you how to make one (business plan)
Make yourself drink, take a pen and paper.
I bet you think that a business plan has to be a pain in the ass, long technical term sentences and loaded with legal staff.
Yes, you need to deal with it. If you are ready to talk about plan, you’ll be more than able to make great business plan.
The best business plans are easy to read and understand, avoid as much legalese as possible, and only include enough financial data that is necessary to make a image of your business’s potential.
Imagine you’re sitting in a coffee shop, and someone you know comes up and asks you what you’re up to these days. You answer that you’re in the process of starting up a new eBay business, and then you start to tell a little story. You tell this person what your business is all about, why you’ve decided to get into this eBay thing, what kind of opportunity you see, and how you intend to exploit that opportunity. If you’re on good terms with the person you’re talking to, you might even share the revenues and profits you hope to generate.
There’s a big market out there for new IPhones. They’re very popular, especially to young population. They’re so popular, eBay has created a dedicated iPhone category on their site.
“I did a search on eBay and found that the average iPhone sells for about $450, and in a typical week there were more than 200 auctions for these items. I’ve found a source for iPhones that are better than what you typically find online, and think I can provide eBay’s buyers with a better item than they’re currently getting, for a similar price.
“My source will sell me these iPhones for $350 apiece. If I sell them for $450, on average, I think I can take 20% of the sales in the category. That means I’ll be selling close to 10 iPhones a week. Taking all my costs into account, that should generate about $50,000 in profit a year.
“To handle this volume of sales, I plan to set up kind of an assembly line in my spare bedroom. I’ll buy the iPhones in bulk and store them in my garage. I can purchase shipping boxes from my local box store, and ship the Iphones via Priority Mail. The buyers will pay all shipping costs, which I’ll inflate a little to cover the cost of the box and packing material.
“In addition, I’m going to subscribe to one of those auction management services, which will make it easier to manage all my customer communication and keep track of who’s paid and what needs to be shipped. And I’ll sign up for PayPal, so I can accept credit card payments.
“At the start, I think I can manage the entire business myself—which is what I’m quitting my job to do. If things really take off, I can hire someone to help me out with the packing and shipping. Probably down the road, for now it’ll be just me, which is all I’m planning for. If I can hit my numbers, I’ll be very happy to take home $50,000 a year for my efforts.”