Author : “Pen Kits & Pen Blanks – Timberbits.com“
Most people dream of handing the letter to the boss that says “I quit!”Â However the reality is very seldom realized.
Starting your own small business is very daunting and traditionally, doing so means mortgaging the family home or borrowing from family and friends.
Where to start.
Ebay has now the perfect vehicle to test and develop you business model and skills. With a few click and some loose change in your pocket, you can compete in a level playing field with the big boys in town.
Should your sales start to pick up and you get into the rhythm of selling on ebay, you will very quickly notice the advantages and disadvantages of eBay.
Pro’s and Con’s
The main disadvantages of eBay isÂ mainly
1. the enormous fees thatÂ it charges, and
2. the price wars and race to the bottom which quickly erodes profits.
The next level.
Once you have developed a customer base, it’s time to start to lead them to an environment that you control. Lead them to a place where the big corporation can’t dictates how much their share is (before your even earn a cent),Â away fromÂ the “hand of god” that can delete all your listing because of a complaint of a righteous customer, away from a place which shares all your business statistics with your competitors.
By leading your customers to your own web site, you take back control and you also save a lot of money in the process.
Your website is your shop – give it some street appeal
Have you ever visited a web site that looked like it was done by a 8 year old or a newbie to web design? You wouldn’t get a dodge carpenter or a friend of a friend to fitout your retail premises – we all know this is the case we walk into some shops, why do the same with your web site?
With the invent of the web – small business can compete with the big boys in town. Spend a bit of money up front and get a professional to do the job. To fit out a retail shop professionally expect to pay over $250,000. A professional website is less than $1,000.
I always get complimented for how professionalÂ Pen Kits & Pen Blanks – Timberbits.comÂ looks. It costÂ me less than a $700 to get started – that’s less thanÂ 1 monthsÂ of eBays fees. Now my website’s volume hasÂ grown to more than 5 timesÂ whatÂ I sell on eBay. I now saveÂ thousands of dollars a month just on eBay fees, not to mention the time and frustration on eBay.
MyÂ word of advice is as soon as you start selling more than 20Â transactions aÂ month on eBay,Â start to invest in a website. When you do build a website,Â don’t go cheap – we all know what those websites look like, pay a professional because youÂ get what you pay for.