Everyday new users look into the possibility of establishing a home-based business centered around selling on eBay.
It is not as easy as it sounds.
To sell on eBay as a hobby is one thing. To organize it up as a full or part time business to generate income is something more serious and requires some prerequisites.
First you must prepare a business plan and a budget.
Like any mail order business, newcomers should have business (preferably retail) experience, with good marketing skills and adequate capital (money does not grow on trees).
They should be familiar with the basics of both consumption and income tax legislations affecting their business. GST and PST regulations can be tricky.
They should understand currency conversion, banking, international trade and methods of payment available to online buyers.
More importantly, they should sell what they know and know what they sell.
I am not a paid eBay employee and, as such, cannot offer direct business consultation and advice. For assistance, you should take a look at the many threads of the last few weeks on this Board dealing with a vast variety of subjects. Start with the Selling 101 thread:
http://forums.ebay.ca/thread.jsp?forum=13&thread=100007162&modified=1109682709634
Then take a look at other Canadian Boards such as:
New to eBay: http://forums.ebay.ca/forum.jsp?forum=41
User to User Help: http://forums.ebay.ca/forum.jsp?forum=9
Then, one should invest some time on the PayPal Discussion Board (on eBay.com):
http://forums.ebay.com/db2/forum.jspa?forumID=97
and the eBay Stores Discussion Board (also on eBay.com):
http://forums.ebay.com/db2/forum.jspa?forumID=21
While you are on eBay.com, take a look at other Discussion Boards which may offer you good free advice:
http://pages.ebay.com/community/boards/index.html
If you target primarily the American and overseas markets you should list on eBay.com in US dollars; if you target the Canadian market list on eBay.ca in Canadian dollars.
Finally, before setting up your business, invest a few dollars and get some professional help for business and tax (GST and PST) registrations and bookkeeping (unless you already have the necessary expertize).
Good Luck.
It is not as easy as it sounds.
To sell on eBay as a hobby is one thing. To organize it up as a full or part time business to generate income is something more serious and requires some prerequisites.
First you must prepare a business plan and a budget.
Like any mail order business, newcomers should have business (preferably retail) experience, with good marketing skills and adequate capital (money does not grow on trees).
They should be familiar with the basics of both consumption and income tax legislations affecting their business. GST and PST regulations can be tricky.
They should understand currency conversion, banking, international trade and methods of payment available to online buyers.
More importantly, they should sell what they know and know what they sell.
I am not a paid eBay employee and, as such, cannot offer direct business consultation and advice. For assistance, you should take a look at the many threads of the last few weeks on this Board dealing with a vast variety of subjects. Start with the Selling 101 thread:
http://forums.ebay.ca/thread.jsp?forum=13&thread=100007162&modified=1109682709634
Then take a look at other Canadian Boards such as:
New to eBay: http://forums.ebay.ca/forum.jsp?forum=41
User to User Help: http://forums.ebay.ca/forum.jsp?forum=9
Then, one should invest some time on the PayPal Discussion Board (on eBay.com):
http://forums.ebay.com/db2/forum.jspa?forumID=97
and the eBay Stores Discussion Board (also on eBay.com):
http://forums.ebay.com/db2/forum.jspa?forumID=21
While you are on eBay.com, take a look at other Discussion Boards which may offer you good free advice:
http://pages.ebay.com/community/boards/index.html
If you target primarily the American and overseas markets you should list on eBay.com in US dollars; if you target the Canadian market list on eBay.ca in Canadian dollars.
Finally, before setting up your business, invest a few dollars and get some professional help for business and tax (GST and PST) registrations and bookkeeping (unless you already have the necessary expertize).
Good Luck.
I'd suggest not using ALL CAPS in your item descriptions. And, specify flat shipping rates.
Good morning treasure_source.
I looked at one of your listing:
http://cgi.ebay.ca/ws/eBayISAPI.dll?ViewItem&category=280&item=6951740296&rd=1
Frankly, at US$ 4.99 + US$ 6.00 postage + U$ 3.00 handling/packing fee (total US$ 13.99) for a 24 year old used National Geographic magazine is more than the market is willing to pay. These magazines are typically available at used bookstores for $1 or less.
The magazine can easily be mailed in a 9"x12" envelope for Cdn$ 2.90 (US$ 2.40 or so).
You may want to concentrate on building your feedback rating through buying before starting your selling carreer on eBay. You also need to find items for sale where shipping/packaging/handling costs are reasonable in relation to selling price or market value.
Good Luck.
I looked at one of your listing:
http://cgi.ebay.ca/ws/eBayISAPI.dll?ViewItem&category=280&item=6951740296&rd=1
Frankly, at US$ 4.99 + US$ 6.00 postage + U$ 3.00 handling/packing fee (total US$ 13.99) for a 24 year old used National Geographic magazine is more than the market is willing to pay. These magazines are typically available at used bookstores for $1 or less.
The magazine can easily be mailed in a 9"x12" envelope for Cdn$ 2.90 (US$ 2.40 or so).
You may want to concentrate on building your feedback rating through buying before starting your selling carreer on eBay. You also need to find items for sale where shipping/packaging/handling costs are reasonable in relation to selling price or market value.
Good Luck.
If the staff at your local RBC branch cannot help you, ask to speak to the manager.
" you shouldn't use a personal bank account for business, "
Most small businesses use one or more "personal" account(s) for business purposes to reduce or eliminate bank service charges.
And there is absolutely nothing wrong with that !
Most small businesses use one or more "personal" account(s) for business purposes to reduce or eliminate bank service charges.
And there is absolutely nothing wrong with that !
... as long as you use the accounts exclusively for business purposes.
That's what I do - I have a personal account with President's Choice - I use it only for ebaying - free cheques, free transactions. I got a PC mastercard too, just for ebaying - it keeps all my ebay stuff totally separate from my personal finances, which are at another bank.
But I do have a quandry - what to do with my pc points that I earn by using the mastercard when I buy items to sell? I'd have to use my PC bank card at Zehrs to use my points - I guess I could use them to buy things like envelopes and tape?
But I do have a quandry - what to do with my pc points that I earn by using the mastercard when I buy items to sell? I'd have to use my PC bank card at Zehrs to use my points - I guess I could use them to buy things like envelopes and tape?
hi pal, me again! Thanks for your input about my new store. It's running now and I have made a few changes to build up buyers' confidence. Just want to say Thanks to my Canadian friends;))
Gift @
http://stores.ebay.com/gift-with-heart
