14 Apr 2007

Mums Go Bust on Ebay

This video is part two of a selection of interviews with Ebayers who were interviewed a number of months ago on how they were making large amounts of money on Ebay and how prosperous business was. In this second interview, things have changed and they are closing their Ebay stores due to Ebay's rise in fees.

One of the important things about being successful on Ebay is to be organised and have a good setup that you enjoy working with. You can have hundreds of items in storage but if you can't find what you have just sold, buyers will be ticked off. Take a look at setup of the shoe seller in the video. Her products are well spaced and easy to find. For someone who has as much stock as she does, it's a good idea to have a database containing the brand name, size and product number to reduce your confusion and stress levels. An even better idea is to have a database for inventory and finances as would the Ebayer in the video who sells half a million dollars on Ebay. A database that covers both aspects will help you adequately assess whether you are actually making money or losing money on your products.

There are many small business management programs out there that can help you set up your inventory and finances. It's about finding the right program for you at the right price. Ebay offers Turbo Lister, Selling Manager and Selling Manager Pro. The first two are free and Selling Manager Pro is $9.95AU per month. Turbo Lister is good for typing your listings offline and record keeping however it does not support anything financial . Both Selling Manager and Selling Manager Pro support inventory however Selling Manager provides a monthly view of archived sales while Selling Manager Pro comes with the ability to provide monthly profit and loss statements and an exportable report in Excel

View video footage of interviews with Ebayers


April 13, 2007: After last year’s report on the massive success of eBay businesses the tables have turned with mums now ditching the site.



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1 Comment:

Anonymous said...

what other options are there for Australian sellers Lisa .... is there and Australian version or eBay ??? How does that compare??