21. EBAY – PART 21

series on Ebay, I’m going to wrap things up with

some final thoughts. I hope you’ve enjoyed this series so far.

Now that you pretty much know what it is you have to do in order to make money with Ebay, the final thing you have to do is come up with what I call a “game plan” because you just don’t want to walk into this blindly. Because you have so many options, there is a tendency to get distracted and quite lost along the way.

I am not going to suggest any one game plan because I don’t want to color your thought process. Instead, I will give you some things to think about as far as what you want to do with your business. This way you can at least decide how you want to proceed.

For starters, what kind of items do you want to sell? Do you want to sell things that are cheaper and easier to unload or do you want to maximize your earnings for the time you spend by selling big ticket items. Remember, there is good and bad with each.

Do you want to sell a large number of items or just one item at a time? If you decide to sell large quantities, you will probably want to consider finding a good wholesaler. If you’re going to be selling individual items, you’re going to need to leave yourself a lot of time to find these gems, especially if you have to go out looking for them.

You have to decide if you’re going to sell any of your own items that you have lying around the house. If so, it will be a good idea to spend all your time at once gathering these things. Get that part out of the way and then spend the rest of your time doing your actual listing and selling.

Are you going to open an Ebay store? If so, think about a design for it. You want to do this in advance so that when you get your 10 feedbacks the store will be up and ready to go. Don’t leave things for the last minute. This business will be time consuming and hectic enough without having to rush to get things done because you left them for the eleventh hour.

Make sure you have a budget made for expenses. I mean ALL expenses, from advertising to the cost of purchasing the items. Make sure you have a goal in mind for how many sales you want to reach to cover these expenses. Log everything. Keep very careful track of all income and outgo. If you see you’re running in the red consistently, then something is very wrong and needs to be corrected.

I can’t stress this enough. Tackle one problem at a time. Don’t try to write ads, design an Ebay store, find a wholesaler and so on, all at once. You will end up getting absolutely nothing done. Make a schedule for yourself for each day of what you want to get done and stick to it.

I’d like to say that this is easy. It’s not. It takes a ton of work to run a successful Ebay business. But if you stick with it and do things in an organized and efficient manner, you’ll be surprised at just how much money you can make.

To your Ebay success!