Why Flexibility is Important to Your Online Business Success

Although every type of online business has its own specific challenges, there are also a lot of commonalities. One of those common threads is a need for flexibility, which is what I want to talk about with you today.

As I mentioned at the beginning of the year, I think it is important to establish goals. When the goals aren’t quite working out in the way we want them to, however, it becomes important to take a step back and shift our focus onto a new goal or rework the goal into something else. In other words, we sometimes have to adapt or get more flexible to embrace another way of thinking.

As an example, my original plan was to get my eBay store back up and running and then shift into selling on Amazon. Unfortunately, as you may have read online, eBay has recently had some issues with security (possible hacking incidents) and then adding to that, other eBay sellers that I know have been telling me that sales have steadily dropped over the past couple of months with some sellers even telling me that their sales are down 60-percent in the month of June over what they were last year.

I have to confess that this brought about some hesitation in continuing on my path. In fact, I actually stalled a bit in my goals and planning while I tried to figure it all out. You see, this is where suffering from Information Overload gets rather tricky because my normal reaction would have been to go off in several different directions all at once while I tried to analyze what to do next.

This time though, I am proud to say that I took that step back and revisited my goals. Since starting to sell on Amazon was also one of the goals on my list, I decided to shift my attention to it. I will still sell on eBay, but now I am going to pursue selling on Amazon as well. I’ve already targeted what I am going to sell, so as soon as it arrives, I will be sending it in to Amazon FBA.

What I’m getting at here is that there are always going to be challenges. When you are flexible with the plans for your online business, however, you can weather the storm by being able to shift your core focus from one plan of action to another when you find you need to.

Finally, I hope this once again reiterates what I’ve been telling you about the need for multiple streams of income. EBay sales may be down, but Amazon sales are up. If all your eggs are in the eBay basket, you may not be able to buy any more eggs for a while, but stay flexible by putting some eggs in each basket and you will find that you can easily adapt to the changes in your online business when you need to.

~Until next time

3 Basic Tips to Help You Start Selling on eBay

First, let me start out by giving you a quote from an old saying attributed to Mark Twain.

“Let me say that reports of my death have been greatly exaggerated.”

Okay, I don’t really think that anyone actually believed I was dead, but you may have noticed that my blog has been a bit silent for the last several weeks. I could give you several excuses for this, but mainly it is because I decided that I needed to practice what I preach and avoid Information Overload by concentrating on just one thing, which for me has been working at getting my online business back up and running.

It’s still a work in progress, but at least I am starting to feel like I can take a breath and work at some of my other projects.

Anyway, I’ve recently had a few Internet Marketers ask me about selling on eBay, so I thought I would make today’s post about that. Here’s three tips that you can use to help get you started:

Learn how the eBay process works before you start selling there. The first thing you’re going to learn about selling on eBay is that Feedback is king. You have to have it or no one will want to buy from you. Feedback is eBay’s rating system that lets buyers know whether you are a good seller or a bad one. Sellers can also comment on buyers, but eBay makes the process a little one-sided, meaning that sellers can pretty much only say nice things about buyers, so if you can’t say something nice, you should just not say anything (give Feedback) at all. You need feedback though, so buy some things on eBay to learn how the process works before you attempt to start selling anything. Tip: You will need shipping supplies, so buying them from an eBay seller not only gets you some feedback, but it will save you from having to go out and buy it somewhere else.

Sell stuff you already own. Let’s face it, we all have too much stuff. Instead of going out and buying things to sell, most sellers begin the process by simply selling items they already own, but no longer want or need. This not only helps you clear some of your clutter out, but it also gives you an idea of what types of things sell and more importantly what types of things you like to sell since you will want to think about having a niche for your eBay items in the future.

Take advantage of eBay’s free store trials and auctions. EBay is not for everyone. Unfortunately, you have no way of knowing whether it is something you will want to do long term unless you give it a try. The good news is that eBay allows sellers to list a 100 items a month that can be sold through auctions without a fee up front. Auctions are where people bid on the items that you have listed for sale and the highest bidder wins. EBay is also currently letting new members have a free 30 day trial if you open a store. You will still have to pay if you sell an item, but there is no monthly fee for that first month. I suggest doing a month of auctions to see how it all works and then try the store for a month and you can list the items that didn’t sell from the auctions into the store and then add some new items to go with it. I suggest this because it will take you a while to learn the process of how to list an item and those 30 days will go by incredibly fast.

Finally, join an eBay group and start asking questions. EBay sellers love to talk about selling on eBay. They are a wealth of information for new sellers who are just getting started. In the near future, I will be sharing some more insights into eBay (Amazon too!). If you’re still a die-hard Internet Marketer — don’t worry I’ll continue to talk about that here too. I’ll also continue to discuss my challenges and triumphs with Information Overload, so stay tuned and leave your comments for me below!

~ Until next time…

Ebay, Amazon and the Loyalty Factor

If you had asked me a few years ago whether I was team eBay or team Amazon, I would have told you that I was strictly team eBay, and that meant — all the way Baby! In fact, until Internet Marketing entered my life, I thought eBay was the only real online game in town. I was loyal to eBay then, and I’m still loyal to them now, but I have to confess, last year I kept hearing the whispers about Amazon and the great sales people were having through their FBA program, and I became intrigued.

As you can imagine, when one is the king of Information Overload, moving off into a new venture can be tricky. My first instinct was to jump back into eBay, and jump right into Amazon FBA simultaneously. After all, as I mentioned in one of my blog posts a couple of weeks ago, the goal here is to provide security for my family, and that means building up multiple streams of income through my online business.

This is something that I want to do very quickly. The end goal is to generate enough online income, so that my wife can quit her job and spend more time at home with our son. Because of this, at times it’s been hard not to just jump into the deep end with both feet first. The one thing I am doing very differently this time around, however, is that I am forcing myself to take things more slowly. I’m continuing to work on my eBay business model, but I’m also preparing to start selling on Amazon very soon.

I’m telling you all of this because I’ve had a few online eBay friends recently comment that they were interested in Amazon, but felt that they needed to stay with eBay because that’s where they got started, and that’s still basically where their loyalty is. I can understand that, but if you’re still on the fence about coming over to the “dark side,” (what some eBay sellers like to say about Amazon) here’s what you need to know. EBay and Amazon FBA are somewhat similar, but they are also two entirely different business models. Don’t let one keep you from trying the other.

~ Until next time…