My father left his job one and a half months ago after deciding that he was sick of having a boss and a day-job :-)
I have a background in Entrepreneurship having started a small business before and having entered a few Business Plan Competitions - I decided to help him achieve his dreams of being self-employed and creating his own job.
We came up with the idea of him starting an online music shop selling brand new CD/DVDs. The idea wasn't particularly unique but he's a giant music buff and has been dealing (as a hobby) in this industry for a long time.
At the moment, he's primarily retailing through eBay and the online Auctiva-based shop front (http://gonzomaximusic.com).
We currently have,
- One or two main suppliers/wholesalers
- Around AU $3K revenue in the last 30 days (at ~40% GP after eBay/PayPal fees)
- Steadily increasing/growing
I'm hoping there must be people out there in this community who have been down this path and done it all before. What are the DO's and DONT's of selling retail goods on eBay and through a website? Is it sustainable over a long period of time? Should we scrap the whole idea and attempt to find something where there is a stronger unique selling proposition?
Are there any books people recommend on being a eBay Powerseller? Should we aim to get off eBay as soon as possible? What tools do people recommend? (We're currently using Auctiva extensively as well as eBay's Selling Manager Pro)
[FYI: We're based in Australia and selling mostly through ebay.com.au at the moment]
Any help, advice or insights greatly appreciated.