jpstephens
09-20-2007, 04:36 AM
So I finally did it, I started my muse.
First thing I did was log onto terapeak.com and purchased the subscription so I could test not only how a product was doing on ebay but how another seller was doing and what their daily revenue/weekly revenue/monthly revenue was.
So I decided to sell Pro Audio Equipment.....First thing I did was come up with the name Eight Fold Trading. I came up with the name Eight Fold Trading after the Eight Fold Path in buddhism which is a path to follow to reach nirvana. I thought it was effective because this muse is my path, my eight fold.
So the next thing I did was register the company and start calling distributors with my tax-id #. I found a guy who sells a lot of stuff and would drop ship for me. He forwarded me the price guides with over 2000 products and here we are.
I have hired on elance.com a web developer who for $590 dollars is making me a logo, stationary(letterhead, business cards, envelopes),eBay Template, Item Listing Template. Within 20 days i'll have that all completed.
I currently have a bid open for a data entry specialist who can take my pdf's and find 2 high quality images, watermark my logo onto them, and create a listing on the template my graphic artist provides. I am getting bids at .20 - .40 per listing. So for 1500 products we are talking 300-600 dollars for data entry.
The goal is to open the store with 1500 products. Other people such as brianf (ebay handle) makes a monthly revenue of 105,000 selling similiar products.
To Automate, my goal is hire a virtual assistant who will do all the forwarding of invoices. Once the invoice is forwarded they will handle customer relations by sending an email to customer informing them their package is being prepared and mailed. It will also remind them to leave feedback for me. Weekly they will provide me with sales reports. The VA will also weekly transfer money out of the paypal account and into my WaMu account. Once this is handled they will then record the sale in quickbooks. I found a VA who can handle all his full time for $750.'
So there you have it, my muse, my status, my dreams. My dreamline tells me I need $760 per day to live my dream life. Let's hope it comes true.
Feedback is encouragd.
First thing I did was log onto terapeak.com and purchased the subscription so I could test not only how a product was doing on ebay but how another seller was doing and what their daily revenue/weekly revenue/monthly revenue was.
So I decided to sell Pro Audio Equipment.....First thing I did was come up with the name Eight Fold Trading. I came up with the name Eight Fold Trading after the Eight Fold Path in buddhism which is a path to follow to reach nirvana. I thought it was effective because this muse is my path, my eight fold.
So the next thing I did was register the company and start calling distributors with my tax-id #. I found a guy who sells a lot of stuff and would drop ship for me. He forwarded me the price guides with over 2000 products and here we are.
I have hired on elance.com a web developer who for $590 dollars is making me a logo, stationary(letterhead, business cards, envelopes),eBay Template, Item Listing Template. Within 20 days i'll have that all completed.
I currently have a bid open for a data entry specialist who can take my pdf's and find 2 high quality images, watermark my logo onto them, and create a listing on the template my graphic artist provides. I am getting bids at .20 - .40 per listing. So for 1500 products we are talking 300-600 dollars for data entry.
The goal is to open the store with 1500 products. Other people such as brianf (ebay handle) makes a monthly revenue of 105,000 selling similiar products.
To Automate, my goal is hire a virtual assistant who will do all the forwarding of invoices. Once the invoice is forwarded they will handle customer relations by sending an email to customer informing them their package is being prepared and mailed. It will also remind them to leave feedback for me. Weekly they will provide me with sales reports. The VA will also weekly transfer money out of the paypal account and into my WaMu account. Once this is handled they will then record the sale in quickbooks. I found a VA who can handle all his full time for $750.'
So there you have it, my muse, my status, my dreams. My dreamline tells me I need $760 per day to live my dream life. Let's hope it comes true.
Feedback is encouragd.