Posts Tagged ‘success’
eEnterprise Case Study: On-Demand Software Gives Businesses Roadmap to Success
“You wouldn’t drive your car by looking solely in the rear view mirror, yet in effect many business owners do just that
when they make decisions based solely on reports that provide historical data,” says Michael Emaus, President and
CEO of eEnterprise (www.eEnterprise.com), a global integrator of NetSuite, the world’s leading on-demand business
management software. “Small business owners who don’t have real-time, nuanced information about their companies
just can’t navigate toward their destination – growth and profit – because they don’t have an accurate roadmap of how
to get there.”
As an example, Emaus offers a comparison of two companies, both of which know that they have sales of $1 million
and net profits of $122,375. Company A has reports that show its return on sales was 11 percent last year and 12.24
percent this year; the owner is pleased that profits have gone up. “What the owner of Company A doesn’t know – and
won’t know unless he implements business management software that provides real-time actionable data – is that 80
percent of one segment of his client base brought in $420,000 while the other 20 percent lost $20,000,” says
Emaus. “Because he doesn’t have this knowledge, Company A’s owner may direct his sales staff to sell more to the
20 percent of the client segment that is actually costing him money.” Company A’s competition, Company B, uses
on-demand, real-time information, so Company B’s owner directs his sales staff to find new clients that fit the profile
of the profitable 80 percent. “Because Company B can drill down and analyze any number of variables, Company B
will navigate around and past Company A in a relatively short period of time,” says Emaus.
In today’s marketplace, the key to success for any small business is having actionable information that allows the
business to nimbly adjust its allocation of resources. In the above example, Company B’s Web-based business
management software could easily break down sales by products, client groupings, and geography, allowing the
owner to differentiate the profitable clients from the unprofitable clients. With the click of a mouse, he could, for
instance, determine that a certain client who carried multiple products produced the highest return on sales.
Company B’s owner could then direct his sales team to cross sell to that particular client, and watch his returns on
sales rise because of advances in where to target resources.”The bottom line for any small business is that
information is power,” says Emaus.
If a business owner isn’t able to drill down informative data points that go beyond historical or financial reporting, he
ends up targeting obvious areas of improvement instead of delving into the next layer. And, concludes Emaus, the
next layer is what separates successful small businesses of today from those that are stuck looking in their rear
view mirrors. “A business owner who can see his company from a 360-degree vantage point can readily exploit his
competition’s inability to do the same.”
Portrait Photography Business Success
Certified Professional Portrait Photographer Tells You What You Really Need To Know!
Portrait Photography Business Success
Entrepreneurship and Factors to Consider That Will Ensure Business Success
Starting a successful business is dependent on many factors. The main one is the drive that the entrepreneur has to succeed. Anyone willing to enter the business world must be a risk taker and someone who is future oriented. Risking one’s capital and labor for the intention of making money is no easy feat. It calls for one to be determined and focused.
A business man should purpose to establish his business which will last into the future. Therefore, an entrepreneur ought to draw an ideal plan ahead and observe the trends in the current market. This will give him an idea on how things will be like in the future hence help cushion and prepare him in case of any eventuality.
An entrepreneur should seek to fill a gap in the market or fulfill a need in the market; this is by turning a business idea into a business opportunity. This therefore calls for a business owner to be observant and creative enough to identify such a need or gap. Entrepreneurship success also relies on effective management policies and offering of quality services or products.
Starting a business would require a business owner to connect with like minded people who will advice and mentor him on effective business management skills. Surround yourself with business oriented, focused and positive minded individuals. Attending business lectures will also equip you to succeed in conducting offline or online business.
So if you have a business idea, implement it today for tomorrow might be too late. While others are still waiting for favorable conditions to start their business, seize the opportunity to make money now.
Beginners Guide to Online Success A Step By Step Manual & Action Plan
Want to start an online business? Learn how to make money on the internet. Our guide gives you step-by-step instructions on How to make money from home
Beginners Guide to Online Success A Step By Step Manual & Action Plan
Where to Find the Best Business Development Tools
There’s no doubt about it – building a business in today’s economy can be difficult. There are pitfalls everywhere. You may feel as though you’re on an eternal yo-yo. However, there is help available, but you have to know where to look. There are several business management online companies that can help. They provide the business development tools that can help your company grow, but also help you streamline your operations.
When you first begin looking for a business management online company, you’ll find you have many choices available. You want to find one that is reputable and can be trusted with your company’s information. You also want one that has been around for a while and has the best business development tools available. Some companies offer several of these tools at no charge, while others may require a nominal fee. The best way to find a great business management online company is to find one that you feel will suit your needs and then do your research. Look for online reviews of the company. Take a look at the pedigrees of the advisors. This will help you to decide if they are the right choice for you.
There are many areas of your business where you might need some help. From payroll and human resources to service and operations, you can find the business development tools that are best suited for your company’s needs. For example, perhaps you want to know how to identify the risks your business may incur or how to handle your tax questions. Maybe you are having difficulty finding the right personnel. A business management online company can provide you with resources for background checks, testing, and even job opening advertising. There are so many possibilities for your company and the right business development tools will help you attain the success you dream of.
Many small business owners are completely stressed out. The day-to-day problems that arise can sometimes feel overwhelming. However, a business management online company can help you reduce this stress by providing the right business development tools. Learn how to effectively operate your business, especially in a tough economy. You can find advisors that have been in your shoes before and learned, sometimes the hard way, how to deal with all those problematic issues. Through their wisdom and experience, you’ll learn which techniques work and which ones should be avoided at all costs. You will also learn the most common problems and how to apply effective solutions.
In closing, a business management online company is one of the best resources for helping your business grow. You’ll find the business development tools that will best suit your needs. One of the hardest things to do is to compete with other companies. If you feel as though your business is simply not achieving the goals you set, then it’s time to ask for some help. Get your company on the right track and start seeing your profits increase. What more could you ask for?
Business Development Tools: The Key To Your Success
Running a business is no 9 to 5 job where you deliver your best during this time slot and switch off completely once you are out of the office. In order to have a successful business one requires complete dedication and an ability to jump into matters and issues at the drop of a hat. However, even the most dedicated of entrepreneurs at times feel as if they are lagging behind. Running a business takes all their time and effort and there is no time left for growing the business. Hugely successful corporations have folded because the people there were so caught up in the day to day of the business world that they had no time to neither visualize nor plan for the future. Business development tools can help you conquer this ever prevalent problem of not having enough time.
Business development tools provide an easy way for entrepreneurs and businesses to handle the daily rigmarole of running a business with the minimum of effort. Things like employee, hiring, retention and payroll are extremely important for the success of a business. After all a business is only as good as its employees. However, these routine tasks take much of the time and there is very little left to do any new research or focus on growing the business. Business development tools are the perfect answer to these common problems of running a business.
Business development tools provide you with resources and tools that can help you with payroll, hiring, retaining employees, doing a daily inventory and any such mundane tasks which are the back bone of all businesses. Having business development tools take care of these routine jobs can help you free time to focus on the more challenging work of acquiring new customers and growing your business rather than just stagnating and struggling to keep up with the demands of the customers you already have.
Investing in business development tools is a highly beneficial proposition indeed. Several business tools even help your in research and in keeping up with the market trends and the changing technologies. These are invaluable for the successful running of any business.
Business management online sites have made it extremely easy to get the right set of business development tools that match your needs. Business management online sites not only have some wonderful resource and tools that will ease the day to day working of your organization but are also capable of helping you out in times of need. These business management online sites hire some extremely talented professionals who are capable of giving you sound advice at times of need. These are business management experts who can help you from the very start of your business venture.
There are a lot of beginner’s mistakes that we make while venturing out on our own. These mistakes often cost us dear, approaching and liaising with a business management online site is a great way to minimize such financially draining mistakes and for making your business a roaring success.
Do A Madonna
Do A Madonna – The Secret to Branding Success is a book written for small business owners reveals how you can brand yourself, your business and your employees using a secret formula which includes successful Madonna’s evolution technique
Do A Madonna
Adapting to the Society through Technology
If you are a businessman then you must know what the function of Business Technology is in your company. If you are smart enough and have the exact knowledge in managing a certain business, then it is rest assured that technology is one of the factors of your success in the industry. Since all business processes nowadays must be fast, correct and accurate then this is already possible by using the right technology for this matter.
Technology is a great help even in our daily life and that is fact already. With this, all is possible. You can now process everything in easier and faster way without doing much. But technology must be used on its proper way and to its proper functions.
Even companies now are seeking for solutions to their problems through technology. Since most of the things that they are using and processing are connected through it then this is also a solution that they can get whenever they are experiencing problems and technicalities. Professionals who are aware of this matter are mostly the one who are knowledgeable enough in dealing with it.
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12 Surefire Steps To Home Based Business Success
The following advice includes pertinent information that may cause you to reconsider what you thought you understood about home based business success. The most important thing is to study with an open mind and be willing to revise your understanding if necessary.
I am going to be my own boss. I will be the one to call the shots. I will work at my own pace and time. I will have free time in my hands. I will spend quality time with my loved ones. I will succeed. I will enjoy my life.
So, you have decided to venture into a home business — where you work for yourself and greatly reap the fruits of your labor. However, there are some bad news and good news that you should be aware of.
BAD NEWS: Studies show that 80-90% of home businesses fail.
GOOD NEWS: Your business can be among the 10-20% that actually succeed!
How? By following the “12 Steps To Home Business Success.” And you can do that with PEP!
*P – PREPARING/PLANNING EXTENSIVELY
When you do decide to venture into a home business, the very next thing to do is prepare for it. Prepare a business plan. This will be the very foundation of your business. You can do this by following these steps:
1) Start with the basics.
What type of business would you like to get into? Would you be selling products, would you be offering services, or would you like to try both? In any case, you must decide on which particular product and/or service you would want to focus.
Have difficulty deciding? Here’s a simple but sure-fire tip: Focus on what you know and enjoy.
If you have a talent in writing and editing, you can venture into an editorial services business. Are you into graphic arts? Can you design/layout brochures, business cards, newsletters, etc. using your computer? Then you can get into desktop publishing.
Do you know how Bill Gates, the richest man in the world, reached the pinnacle of success? He decided to venture into the one thing that he loved — computers.
So, whatever type of business and whatever product or service you decide to start with, always make sure that you are familiar with it and that you have passion for it. The first will save you time, the second will keep you motivated.
When you are already decided about the type of venture you want, think of a name for your business. Make sure that it is unique, easy to remember, and professional. Of course, also make sure that it is significantly related to your business.
2) Gather your resources.
You cannot put up a business without a capital. This includes the monetary or financial capital, material capital (supplies, gadgets, etc.), and manpower. Do you think you are prepared to invest all this into your business?
3) Draw out your goals and set your mind into them.
Set general goals and specific ones. Formulate short-term goals and long-term ones. What do you aspire to achieve in one month, three months, six months, one year?
Visualize your goals. Have a vivid image of each goal in your mind. How do you see yourself a year or two from now?
Have a list of your goals on hand. Read your list regularly. Did you know that by merely doing so, you actually increase your home business success rate by 100%?
*E – ESTABLISHING YOUR BUSINESS.
This stage refers to the actual nitty-gritty of setting up your home business. This time, you are done with conceptualization and you are ready to get into action. You are now implementing the plan that you have prepared. Here are several steps that will help you establish your home business and achieve home business success:
4) Work on the legal requirements of your home business.
For your venture to be a legal business entity, you need to work on certain formalities. These include registering your business name, applying for a business permit/license, setting up a taxation system, and other paperwork. In this step, you also formulate a compensation plan for your employees.
5) Devise a marketing plan.
How do you create exposure for your products and/or services? Formulate a creative, innovative marketing plan. Consider the following factors/concerns:
. Your target market.
Clearly define your target market. This will help you decide which advertising and promotion strategies would be more appropriate to draw in your prospective clients/customers.
Most of this information comes straight from the business success pros. Careful reading to the end virtually guarantees that you’ll know what they know.
. Your products/services.
Of course, your advertising and promotion techniques will greatly depend on the type of products/services that you sell/offer. Make sure your strategies will “sell” your products/services. If you are offering graphic designing services and you give out poorly-made flyers, you will surely attract no clients at all.
. Your resources.
You cannot aspire for grand and complicated advertisements if you are limited by financial constraints. You can, however, maximize whatever resources are available to you to effectively promote your product. Take advantage of the Internet. By using e-mail, blogging, forums, etc., you can spread the word about your business in a flash!
. Your uniqueness.
“Same-old, same-old” will give you no gold. You can still utilize the most common advertising/promotion strategies, but give them a twist. Think of the most creative ways to catch — and hold! — your customers’ attention. Make offers they can’t resist.
6) Formulate a Daily Method of Operation (DMO).
Make sure that your Daily Method of Operation is practicable, realistic, and goal-oriented. Set specific things to be done during specific hours. Set your priorities for each day. Make sure that such tasks can really be done and that they are done for the purpose of reaching your goals.
7) Manage your time effectively.
Although you practically have time in your own hands and you are your own boss, it does not mean that you can sit back and relax all you want. In fact, you must be more cautious about spending your time because your home business success depends on you — the time and efforts that you commit to your venture.
*P – POWERING UP.
Your home business is already established based on your plan. Can you now just relax and watch the cash flowing in? Of course not! Maintaining a successful home business entails exactly that — “maintenance.” You need to continue working for your home business success. Here are some steps to power up your home business:
Aim for your personal development.
How do you develop your personality and how can this help you achieve home business success? Consider the following ways:
. Be educated.
Continue learning about your business, as well as about yourself. Participate in meaningful seminars and workshops. Read a lot, especially the stories of successful people. See what you can learn from any situation that you get into. Make each day a learning experience.
. Be motivated.
Read inspirational stories. Listen to motivational news.
. Be sociable.
Of course, you need to interact with other people; otherwise, you cannot do business with them. But besides that and more so, you need to socialize with other people and learn from them. Exchange tips with them. Learn from their mistakes and be inspired by their triumphs.
. Be an inspiration.
Aim for your personal growth and inspire others. If you want to see positive changes in your home business or your financial life, you should first strive to achieve inner growth. Grow from within and develop the without as well.
9) Develop the desirable or must-have traits for home business success.
In connection with step number 8, here are other traits that you should develop for you to achieve success in your home business:
. The 3 P’s – Patience, Persistence/Perseverance, Passion
. The 3 D’s – Desire, Discipline, Determination
. The 3 C’s – Courage, Confidence, Consistency
10) Take care of your health.
This looks too simple, but it is very important in any business endeavor and many people tend to take it for granted. How can you work on your business and attain success if your physical being is poor? Eat a balanced diet. Exercise regularly. Monitor your stress level. Stay physically fit and enjoy your home business feat!
11) Have a balanced life.
Your home business success will not be as meaningful if you do not have success in your personal life. Do not surrender all of yourself to your business. Even Bill Gates takes a week of rest and solitude every month. Have that needed rest. Spend quality time with your loved ones. You will see that as you rejuvenate yourself, you will be more productive and even more prepared to face the various challenges that your home business may pose. Take time to enjoy life, for that, indeed, is the very purpose of your financial success!
12) Have the right mindset.
Do your best and believe that you can and will succeed. Never give up. If Thomas Alva Edison quit when he failed after thousands of trials, we wouldn’t be enjoying the benefits of the electric light bulb today. As the great inventor aptly put it: “Many of life’s failures are done by people who did not realize how close they were to success when they gave up.”
Yes, you can venture into a home business and enjoy your life. Just follow the “12 Steps To Home Business Success”!
Those who only know one or two facts about home business success can be confused by misleading information. The best way to help those who are misled is to gently correct them with the truths you’re learning here.
How To Use Business Development Tools To Build A Strong And Profitable Company
If you want to ensure that you are getting your company off on the right foot, business development tools may be just what you need to do so. Many businesses fail in their first year of operation and this is usually caused by the owners not doing their research before they begin. Whether you are determining the focus that your business will take or you are looking for ways to secure funding that can provide valuable start up funds, the right business development tools can make a huge contribution to your success.
There are both business development tools and information on business management online. In the early stages of starting your company, you should look at business development tools such as how to register your name, what legal steps you need to take when starting your company and even advice on logo design and development. If you have the right advice and business development tools that you can refer to, you will find that many of the pitfalls and problems that owners will face are suddenly no longer as much of an issue.
Once you have established your business using the right business development tools, it can be a good idea to find information on business management online. This can include information on setting up ecommerce sites, how to manage employees and even how to set up your accounting and finances so that you are able to earn a living and grow your business at the same time.
Information on business management online can take many different forms. It can include information on managing your software licenses and how to create effective online presentations. In fact, if you are not sure how to use the Internet to grow your business, you need to look at information on this area of business management online because you may be missing valuable opportunities to reach and sell to potential clients. The Internet is allowing us to reach clients spread out over a much larger geographical area than ever before but only if we have a good website that we can use to represent ourselves. By finding information on business management online, you can tap into a much larger market than you realize.
One of the most helpful business management, online tools that you can find is one track your finances and find out how your company is doing monetarily. Whether you are looking at which areas are making the most money or you need information on what your profit levels are, staring at ledgers can be confusing unless you have a financial background. It can be expensive to hire an accountant to go over your books so finding tools that can help you with financial business management online can be a huge help when you want to make sure you are earning the most money possible.
Starting a business can be a stressful time and the right business development tools can be a great help to anyone. Not only that, but the right information on business management online can put the power back in your court and give you the confidence to push forward and take your business in the direction you want.
Accounting Services New York ?proper Deliberation is the Key to Success
The accounting service forms the toughest area to deal with, as even a minute error can alter the entire accounts. The accounting service New York is a vast area of service that handles the entire monetary domains that includes several processes like the generation of invoice, balance sheet, the trial balance, the profit-loss estimation, the economic reports and all issues related with the monetary section of the business. With the advancement of technologies, the accounting service around the globe has become easier and accurate. However, the stage of accounting needs extra deliberation to be more accurate in efficient usage of funds and other transactions.
The total amount of money attributed to the company’s account and the money debited from the customer’s account as a mode of payment are certain important points related to the accounting service. With the signing of a deal, at times the company may access some advanced cash from the clients. The accounting service is responsible for the safe handling of the advanced cheque, drafts or the cash as the payment made by the client and is responsible for the invoice generating by the company as per the billing statement. This is simply a part of official account service you offer. Moreover, there are various other areas, where the accounting services New York needs to participate actively.
The purchase of raw materials or petty office items, the major role is performed by the accounting service in managing the monetary transactions accurately by generating proves such as the bills or invoice. Another area where the accounting service needs proper deliberation is the tax filing session. To evaluate the exact tax amount that need to be filed, the accountants need to tally the whole accounts, and finance of the year.
Most of the times, the big scale business and accounting companies experience an overwhelmed accounting service managing. The best way to simplify the task in this case is to outsource the accounting service to some other relevant source. The outsourcing phenomenon saves the ultimate cost, the employee risk as well as the time consumed. Thus, outsourcing of accounts service is definitely a blessing for accountants in disguise. However, the accounting services New York obtained need to be an authorized one and therefore before outsourcing, the authorization of the receiver is to be checked for maintaining perfection.
The accounting service is an area of great importance for any kind of business irrespective of the size or working areas. Both the big business as well as the small business undertakings requires a perfect accounting service to attain success. However, the most important point of concern regarding the accounting service is proper deliberation as a minute error causes a huge loss to the company.
The accounting services New York holds highly skilled and experienced professional accountants to carry out the complicated task without even offering a minute mistake. Thus, the efficiency of the accounting service is evidently as deliberate attention is offered to the entire service. Now, you know where you will get highly proficient accounting services.
Key To Success
Excellent Brand New Guide “Key To Success” By Dave Jobs. No Fraud! No Scam! Dedicated To All Those Who Have Begun Searching For Online Business Opportunity And Are Confused At The Thousands And Thousands Of Choices…
Key To Success
Success Strategies to Build Massive Income as a Freight Broker
This eBook introduces readers to the freight broker industry, comprised of diverse groups of manufacturers, wholesalers, distributors, growers & motor carriers. It also points out the importance of running a customer-focused, service-oriented business.
Success Strategies to Build Massive Income as a Freight Broker
Executive Summary Section of your Home business plan
The format of a Business Plan is something that has been developed and refined over the years and is something that should not be changed. Like a good recipe, a business plan needs to include certain ingredients to make it work.
When you create a business plan, don’t attempt to recreate its format. Those reviewing this type of document have expectations you must meet. If they do not see those crucial decision-making components, they’ll see no reason to proceed with their review of your business plan, no matter how great your business idea.
Executive Summary Section
Every business plan must begin with an Executive Summary section. A well-written Executive Summary is critical to the success of the rest of the document. Here is where you need to capture the attention of your audience so that they will be compelled to read on. Remember, it’s a summary, so each and every word must be carefully selected and presented.
Use the Executive Summary section of your business plan to accurately describe the nature of your business venture including the need that you plan to fill. Show the reasons why people need your product or service. Show this by including a brief analysis of the characteristics of your potential market.
Describe the organization of your business including your management team. Also, briefly describe your sales and marketing plan or approach. Finally include the numbers that those reviewing your business plan want to see – the amount of capital you seek, the carefully calculated sales projections and your plan to repay the loan.
If you’ve captured your audience so far they’ll read on. Otherwise, they’ll close the document and add your business plan to the heap of other rejected ideas.
Devote the balance of your business plan to providing details of the items outlined in the Executive Summary.
The Business Section
Be sure to include the legal name, physical address and detailed description of the nature of your business. It’s important to keep the description easy to read using common terminology. Never assume that those reading your business plan have the same level of technical knowledge that you do. Describe how you plan to better serve your market than your competition is currently doing.
Market Analysis Section
An analysis of the market shows that you have done your homework. This section is basically a summary of your Marketing Plan. It needs to show the demand for your product or service, the proposed market, trends within the industry, a description of your pricing plan and packaging and a description of your company policies.
Financing Section
The Financing section must show that you are as committed to your business venture as you expect those reading your business plan to be. Show the amount of personal funds you are contributing and their source. Also include the amount of capital you need and your plan to repay this debt. Include all pertinent financial worksheets in this section: annual income projections, a break-even worksheet, projected cash flow statements and a balance sheet.
Management Section
Outline your organizational structure and management team here. Include the legal structure of your business whether it is a partnership, corporation or limited liability corporation. Include resumes and biographies of key players on your management team. Show staffing projection data for the next few years.
By now you’re probably thinking that you don’t need Business Plan just yet. Well you do, and there is business plan building software that can help you through this immense project. These software packages are easy to use and affordable. Use one today and produce a professional-quality Business Plan – including all critical components – tomorrow!
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eBay Business – Manage a Full-Time Job and an eBay Business
Working a full-time job and running a profitable eBay business can be a real challenge. Some people seem to handle it with ease while others struggle. I did this for a number of years, and although we were successful, it was a struggle. Of course, I had an advantage – my wife Karen. The truth be told, she did by far most of the work. If you are married with a spouse that stays at home, this is a significant advantage. Many of you, however, either have no spouse or your spouse also works. This means that you are essentially on your own.
Issues to Consider When Contemplating an eBay Business
The first question you need to ask yourself is: Are you looking for a hobby or a business? If it is a hobby or a very part-time business whose goal is to make a extra hundred dollars a month or so, then you will have a fairly easy time balancing the hours you spend at work and your eBay business. However, if you are running a business designed to earn $1,000 a month or more, then you have different issues.
Another question to ask yourself is: What are my long-term goals? If your job and your career is important to you, then this must always take first priority. If, on the other hand, you are in a boring or dead-end job, then you need to plan for your success and how and when you will leave your job and do eBay full time (as thousands have done before you).
If keeping your full-time job is your priority, you also need to factor in the type of employment you have and your employer’s policies. People who work outside for a living rarely have an opportunity to check a computer during the day. Office employees, however, are usually connected to the web at work. Many employers today have very strict policies about using your computer at work to transact personal business. There is also the issue of simple integrity. Is it fair to your employer to do outside business while you are being paid to work by the company? Some employers don’t mind if employees use a computer for personal web surfing during their lunch hour or breaks. If this is the case, then you will be able to check emails and auctions a couple of times a day from your office.
eBay Business Ideas and Strategies
No matter which category you fit into, the simple fact is that you are away from your home computer from 8 to 10 hours a day. How you deal with the realities of this will determine your success. Look at some of the problems you will run into. We all know that many eBay buyers can be impatient. They send an email and expect an immediate answer but you can only work on emails for a brief time in the morning before you leave for work and after you get home. There is the matter of shipping. How will you get to the post office or UPS store during the hours they are open if you are at work? There is also the matter of time for your job, time for your business and time for your life and family. With this in mind, let’s look at some strategies and ideas:
* Organization — The very first thing you will have to do is get organized. Taking the time to set up organized structures and systems can be a huge time (and money) saver. You will have to take a lot of photos and you don’t want to spend time setting up lights and a tripod every time you want to launch an auction. Set up a permanent or semi-permanent photo set up in your garage or spare room. Next is a shipping station. Again, you want a table set up with all of your tape, boxes and shipping materials handy. If you have a UPS account you can get one of their small thermal printers to print out your shipping labels. Or, if you use the post office there are several computer programs that will calculate postage and print out labels so you can drop your packages at the post office instead of standing in line. You should automate your auctions with software or an on-line auction management system such as Meridian (www.noblespirit.com) or Vendio (www.vendio.com). These systems will save you time launching your auctions, sending out payment request emails and processing payments, posting feedback and keeping track of your inventory, costs and expenses.
* Go High Speed — Time is money, and time is also your most valuable commodity when you have very little of it. Any time you can save, will be repaid several times over in profits. DSL and Cable can be a bit expensive, but these high-speed services will save you several hours a month. If DSL costs you an extra $25 a month and saves you only 2 hours, think what you can do with that two hours. For example, if you are using an auction management service, you can launch anywhere from 10 to 30 auctions in that period of time. (If your product has a standard description and you already have images, you can launch many more in this time) How much do you make on each auction? If you could launch an extra 30 auction a month, would you make more than $25.00?
* Get your own UPS account — This can be a real time (and money) saver. If you have your own UPS account you can rent a scale and thermal printer and save hours of time shipping each month. If your volume is high enough, you can also get discounts from UPS. These discounts will often offset the cost of shipping materials allowing you to make a small margin on your shipping and handling costs. UPS will not pick up packages from a private residence1 but once your packages are prepared with the UPS label you can simply drop them at any UPS drop box or UPS store. For example, you can prepare all your shipments in the evening and drop them off at a UPS store in the morning on your way to work.
* Let your customers know your situation — People can me a lot more understanding if they know what and who they are dealing with. Most email programs allow you to append an automatic pre-written signature line. For example, you could add a signature line that said something like: “Your complete satisfaction is important to me. Please understand that I work a full-time job during the day, so I cannot always respond to you immediately. Please be assured that I will respond to any request you have at the very first chance I get.”
* Save Some Time for Yourself — Your mental health and your family’s happiness is also important to your success. Working a full-time job and coming home and spending 4 hours a night on the computer, or taking photos or shipping goods is very tiring. It is very easy to get sucked into the business and suddenly you turn around and it is 11:30 in the evening and you have to get up in 6 or 7 hours. Time management is crucial. You must set aside some quality time for yourself and your family. Remember, the goal here is to make some extra money — not to get a divorce. If you are single, be sure to take some time to relax, eat dinner or have a glass of wine and watch your favorite TV show. Set a limit on how much you will work each evening. If you take the time to actually do a schedule, then you will be more likely to follow it. If you have a family, the same is even more true. You simply have to set aside some time each evening to spend with your spouse and/or children. If you don’t do these things you will find yourself becoming stressed out and this stress will be reflected in your eBay business and in your job.
eBay has been a phenomenal success as a company and has provided opportunity to thousands of entrepreneurs and home-based businesses. It is not as easy as it seems to start and run a successful eBay business — but it can be done by most people. The secret is nothing more than a modicum of talent and intelligence, hard work, a good plan and paying attention to the details. Good luck in your eBay business!
There are some exceptions to this rule. You should discuss this with your local UPS representative once you open an account.
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