Chapter 3. Creating a Business Plan


Before you can start your eBay business, you have to determine just what type of business you want to start. Yes, you know that it's going to involve selling (hopefully lots of) stuff on eBay, but what kind of stuff are you going to sell? And where are you going to get that stuff? And just how are you going to manage the selling and shipping of all that stuff? And, if everything goes well, how much money do you expect to makeversus how much money you have to spend?

Whenand only whenyou can answer all these questions, you're ready to start building your new business. Until then, you're just fooling around. Not that there's anything wrong with fooling around, of coursethat describes millions of typical eBay sellers, most of whom do just enough work to make a little money. But if you want to make a lot of moneyif you want to run a true business on eBaythen you have to do your homework and figure out where you want to go and how you're going to get there.

This act of figuring out what kind of business you'll be running is best done by preparing a business plan. If that sounds terribly formal and complicated, don't stress outit doesn't have to be. The plan for your business can be as simple as some bullet points written out in longhand, or as sophisticated as a professional-looking desktop-published document. Your plan is simply a formal declaration of what you want to do and how you want to do it. The key thing is to set down on paper the details about the business you want to create, and then follow the steps in your plan to build that business.




Making a Living from Your eBay Business
Making a Living from Your eBay Business (2nd Edition)
ISBN: 0789736462
EAN: 2147483647
Year: 2004
Pages: 208

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