Going full-time as a possible
eBay seller is living the particular dream: making a real cash flow, working from home, being your boss and all the rest of it. It's the promise of the million scams, and it's finally become a reality - at least for a few.
What they don't tell you in the success stories, though, is that becoming a full-time eBay seller is by no means for everyone. You really, really ought to try it
part-time before you even consider taking it up full-time, and even then, caution is advisable. Before you burn your suit, here's a list of questions you should ask yourself.
How Much Do I Earn From
eBay Now?
Determine how many hours a week you may spend doing eBay-related things (be trustworthy here), and divide it from the average amount of profit you make inside a week. If you were performing full-time hours, would you earn approximately you earn now?
Do I Have a Good Job?
Think about what you might lose if you give up your job to focus on eBay. If you're in a well-paid job with good promotion prospects then it's well worth reconsidering: you might get a few years down the line and wish you'd stayed in your traditional job, as you'd probably be the CEO by now.
Would I Really Make Much More Money?
Unless you're selling a large quantity of small goods, most of what you do on eBay will be waiting for auctions to end - and you can wait at work just as easily as you can at home. This is why whether you would make more money on eBay really depends on what kinds of items you're selling - for low value items, going full-time could be a good move. For high-value ones, the chances are you'll hit the limits of how much money you have to invest in inventory long before you hit the limits on your time.
Is my Home a Good Place to Work?
Quite apart from anything else, you might discover that the dream of
home working is more of the nightmare in reality. People can start to rely on you to get things done that have to be done during the day. Should you have a wife and children then they can resent the fact that you're in the house although refuse to have anything to do with them for large parts of the day. Giving in to some of these things and stopping work for some time will cause your profits for you to fall.
Can I Survive if it All Goes Wrong?
In the end, would you be able to get by if you had a month or two where you sold literally nothing? Or would you be desperately looking around for a job and cursing the day you ever discovered
eBay? That's the real test.
If you made it through all these questions, then I guess you're cut out for the eBay life - and even if you didn't, you'd be surprised just how far you can get part-time. In our next email, we'll show you how to think like the eBay elite: the PowerSellers.
Blog Owner,
Marlin Carter