Auction Power Guide

One mistake that business owners make is that they focus on overall revenue instead of profits. While this thinking is flawed in any business, it can be especially dangerous in an eBay business.

Part of the problem is that this type of thinking is promoted by eBay. For example, you need to reach a certain level of sales volume to qualify for eBay Powerseller programs.

Sellers will also frequently sell products even if they’re not making money on them just so that they can build up their feedback.

I’m here to tell you that if your primary focus isn’t on the amount of profit your eBay business is making then you won’t have an eBay business for very long. It’s not true that if you have enough gross revenue that there will be some net revenue around. Trust me; it’s possible to have a lot of overall sales without making any money.

I remember back when I was more active with selling on eBay that I had a lot of months where I sold tens of thousands of dollars worth of merchandise every month, but when I actually sat down and crunched the numbers, I’d actually LOST money for the month. Then there were times where I sold only a few thousand dollars worth of items, but over half the revenue was profit. Can you guess which method I ultimately stayed with?

When I first started my eBay business, I’ll admit that I had this flawed thinking that as long as I got my sales volume up, I’d make more money. What I found was that the more stuff I sold, the more time it took up to fulfill the orders, more packing materials I had to keep on hand, and the more fees I had to pay eBay. The added cost of all these items wasn’t necessarily added into my acquisition costs.

The flaw in my thinking was looking at how much the item would cost me and then looking to see how much it sold for. If the selling price was higher than cost, even just a little bit, I’d buy it.

Eventually I got wiser (probably because I had to in order to stay in business) and started to focus on what items I could purchase and sell for a nice profit. While my sales volume definitely dipped, I made more money, and actually had more time to pursue other business interests.

So if you’d like your eBay business to still be open this time next year, then make sure you’re focusing on the right numbers – the bottom line, not the top.

Gary Ruplinger
http://www.articlesbase.com/business-articles/why-an-ebay-seller-needs-to-keep-a-close-watch-on-profits-not-sales-volume-145345.html

Most many people have heard about, participated in or bought a book through what is referred to as an Amazon most desirable seller campaign. There are some Amazon campaigns that are tremendously properly planned, when other people are lacking in most approaches.

The question in most authors thoughts is How do I come to be an Amazon most desirable seller Initially of all, you have to have a program. You do not even have to have a book at this point you just have to have to have a program.

1 of the most valuable items in your program is the date you are going to do the launch. You also have to have to program on who will be the project manager of the web based bestseller campaign you or an individual else.

There are pros and cons to each. If you do it oneself, it is going to be a lot way more expense productive. In spite of this, you have to have to make confident you have systems in location ahead of you launch your campaign. If you do not you can basically have a tremendous failure and you can let a lot of many people down by not getting systems in location.

If you program to employ an knowledgeable campaign coordinator you will probably pay thousands, and even tens of thousands of dollars for their services.

This might possibly appear like a lot of revenue, but when you look into all that is involved, it can be a marvelous way for you to come to be a bestselling author with exceptionally small perform on your portion as far as the promoting goes. Hiring an web based bestseller campaign coordinator is like hiring a PR individual.

The job of the campaign coordinator is to secure the perfect type of partners and bonuses. They have to have ongoing communication with the partners. They have to either style the webpage or have the webpage developed.

Just about every individual contracted for aspects of the campaign have to be figured into the spending budget. The campaign coordinator offers with any challenges that can take place through the arranging and implementation stages. Challenges can incorporate JV partners pulling out at the last minute, slow response time from partners, and convincing a publisher this is a viable way to sell books.

With the perfect program, vision and team you can stay clear of most of the challenges an inexperienced individual will encounter.