master of multi-tasking

Being self-employed...

I came across a blog this morning that was "warning" others about opening an ebay store. The guy's opinion basically was that it's impossible to earn a living on ebay because of all of the outrageous fees ebay & paypal imposes. I left a couple of rambling notes on this person's blog- but I really want to say more. I've read similar from other ebayers, and I just want to point out some things I think they're missing.
First & foremost, I think way too many people have this idea that being self-employed is easy. That it's not real work or that one will 'get rich quickly'. I have no idea why anyone would think these things. I've been self-employed in one form or another since I was 13 and started babysitting and mowing lawns for my neighbors. Even at 13 I understood the basic premise that if you want to earn money without a 'boss' you're going to have to do some work & be creative about finding it. I loved babysitting but it was an infrequent job- I hated mowing lawns, it was harder work, but it was consistant- lo & behold grass always grows back. In the 20 years since I've both worked for others and been self-employed, and the same basic rules apply now as they did then. There are benefits to working for someone else & benefits to working for yourself, which is "better" is totally subjective and based on which benefits you value more. And there are negatives to working for someone and different negatives to working for yourself- again it's all about your opinion; but make no mistakes there is going to be a downside to everything.
Being self-employed dictates that you must also be self-disciplined. I'd like to head to the beach today, it's gorgeous outside and hot & sticky in my house. But I didn't finish the projects I have going last night as planned, so no beach today (well maybe if I get a move on soon) I'll be at my sewing machine & filing paper work  today. Being self-employed dictates that you be attentive to your budget. I've put in about 15 hours this week, but there is no paycheck for me to pick up on Friday- if I want those 15 hours to net me anything, I'm not done yet this week. And if this week does net a profit, I need to remember next week may not and budget accordingly.
Ebay, for all it's flaws, is still an awesome tool for those who see the benefits & negatives of being self-employed as better than those of working for someone else.  There is a huge potential for customers, the system is well developed & runs smoothly  (compared to my brick & mortar store's trash removal for example) and if you look for it- plenty of directions, pointers & help available.
It's baffling to me that some people really think that the fees here are high compared to what you get in return. The brick & mortar store I owned was a pet store. I worked in my store about 60 hours a week, and then I worked about 20 more for someone else to pay the bills at the pet store for the first year. My rent was 500, substantially higher than the 16 for an ebay basic store- for 500 my landlords didn't advertise my business, didn't set up my merchant account to process credit cards, didn't give me handy forms to fill & post for my ads etc- hell that didn't even include my utilities.
I know I am preaching to the choir for those who have had an ebay store for any substantial period of time. But I am thinking more of the newbies who find there way to the blogs. It bugged me that this person's blog might be the first someone comes across. I myself just opened my store a couple weeks ago, after months of self-debating if it was a good idea. A blog entry like the one I read might have put me off completely- and what a mistake that would have been.
You get out of it what you put in to it, and you'll probably have to put in quite a bit before you start seeing a return; but if you feel the benefits of being self-employed are best for you then ebay is definitely a worthwhile tool to help you succ
eed.
barb7895
Morning Pea:

Very well thought out and stated.
Jul-02-08 09:08:47 PDT Report this comment
hardknock*life
But your landlords didn't give the thiefs a key to your store in your brick & mortar and tell them to take what they want because the business owner can't do anything about it. EBAY DOES! With the new feedback system I have no recourse against the thiefs
Jul-02-08 09:09:01 PDT Report this comment
gbayemporium
well said and very true.

as for the low feedback people who don't agree?

they all want something for nothing.
Jul-02-08 09:12:03 PDT Report this comment
jazzydress
After three months of the store, I found that BIN or auctions worked better. I only had 1 sale out of my store. And the same items that I listed from my store in auctions sold. You just get more exposure from Auctions. But you have to price them so you make money .99 cent auctions can sink you fast.
Jul-02-08 09:16:33 PDT Report this comment
frodobagginskennedy
I agree 100% Pea!! Having been a District Manager in Retail for to many years to count
I know all the good and bad of a brick and mortor store.

I have no problem with the fees....wish they were lower but hey....they are what they are....we need to be creative in how we purchase and market to make sure we compensate for the higher fees.

As for the feedback...well the only issue I have had is a higher number of NPB....frustrating but we still get the FVF back....so it is just the cost of doing business. I have not had anyone try to scam me yet....or file any type of charge backs...

I have looked into OAL.....maybe someday they will grow...I wish them all the best...as E bay does have the monopoly which is not good.

I enjoy being self employed at this point. E bay gives me a chance to earn some extra money while dealing with all my DOctor's. Its a win win situation!!
Jul-02-08 09:24:37 PDT Report this comment
peamommy
Hardknock- while I'm not a big fan of the new feedback either, I don't see it as completely awful either. How is it giving thieves a key to your store? You don't ship until an item is paid for, if the item is paid for why wouldn't you leave + feedback? And if someone tries to run a scam on you (which really, how common is that?) you can & should report them to ebay & paypal. Landlords comparably can't stop shoplifters from coming into your store, but that doesn't mean you can't call the police when it you catch them.
Jul-02-08 09:25:57 PDT Report this comment
frodobagginskennedy
Yes Jazzy you need to do both!! A store by itself WILL NOT WORK!!
Jul-02-08 09:26:52 PDT Report this comment
frodobagginskennedy
I also do not think you can earn a living on e bay ALONE....UNLESS you have a HUGE amount of INVENTORY that you can offer for below Walmart prices.
Jul-02-08 09:28:23 PDT Report this comment
peamommy
I'm doing both auctions & the store, and it's definitely a learning experience. I haven't made a true profit yet. If I did the math I could say accurately, but off the top of my head I think I've invested about 500 in about 3 months- nothing compared to getting a brick & mortar off the ground. My goal isn't to make a profit today, it's to establish my reputation and with a little luck find some loyal customers/friends. I hope by the fall to be focused on & earning a profit.
Frodo- I think what you said about competing with wal-mart is true to a point, but it's not the only approach. There is a growing market of people who are turned off by wal-mart, for lots of reasons- bad for local economy, not environmentally responsible, some of their products are just crap etc. I participated in something called the compact last year, in a nutshell I swore off buying anything new for a year. The rules were that you could by direct from craftsman/artist/mom & pops, you could buy second hand , but no buying from "super-stores" and being responsible & aware of everything you support with your buying dollars. What an eye opener that was, and even though the year commitment is over- I still shop that way now. I enjoy shopping this way & I'm not the only one. I think ebayers can appeal to people like myself, if we can find them & point out these benefits of shopping from independent sources.
Jul-02-08 09:42:16 PDT Report this comment

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