8 Tips to Keep Your Business Costs Down

Every business owner wants to make money. That is why they opened their doors in the first place. No matter what kind of business they have, there are going to be costs involved in running it and bringing in clients.

High costs will bring your net profits down, this is a well know fact of business. The more it costs you to run your company, the less money you will make. But costs do not have to be high if you know some of the tricks to keep them reasonable.

1. Buy supplies in bulk. Your business needs things in order to run smoothly. Whether it is office supplies or parts for your production line. Most suppliers, if you purchase larger quantities, it costs less per unit.

2. Buy used equipment and furniture. You do not have to buy garage sale things, but you can find very nice, gently used equipment and furniture. Check the yellow pages for used stores.

3. Try renting or borrowing equipment you need in the short-term. Some businesses only need their equipment for a short time, making purchasing that equipment not cost-effective. Again, the yellow pages will have listings for rent-all stores that carry the kind of machines you need to make your product.

4. Auctions are another great place to find things you need for your business. There are many online and offline auctions where you can find equipment, furniture and computer equipment for a reduced rate.

5. Research other suppliers. Always be in the lookout for a new supplier for your parts or office supplies. If you are willing to do a little research, you can find a supplier with great prices and better quality. Also look for suppliers with lower prices for bigger quantities.

6. Keep a list of things you are going to need soon. Any time you are out at supply stores check your list. When you are viewing an online or offline auction, check your list. Be on the lookout for sales and discounts on the things you want to buy.

7. Networking with other business owners is a good way to cut costs. Not only might you find equipment you need, but you can sometimes find new customers for your business. Sharing your lists with a business that does not compete with you might give you a new customer base for your business.

8. Free and barter web sites. There are thousands of web sites dedicated to free, or almost free, things. Whether it is office supplies, furniture, or even a new delivery truck, you would be amazed at the things you can find for nothing or next to nothing. But a word of warning, always check anything you are going to get through one of these kinds of web sites before going through with a transaction. Make sure the person offering the item has clear title to the item.

The belief you have to spend money to make money is a real one. While business costs are a way of life, you do not have to spend indiscriminately to obtain the things your business needs to grow and flourish. Keep a close eye on what you spend your money on, and your bottom line will be stronger, and your profits more.

My 12 Tips For Selling on eBay

My 12 tips for selling on eBay are designed to help you to make as much money as possible. It’s all too easy to make what many would regard as a minor mistake that could finish putting a sizeable dent in your profits.

Although my list is compiled with the home based business person in mind they equally apply if you are just clearing out unwanted items from home.

12 Tips for selling on eBay

  1. Always try to begin your eBay career by selling personal items that are superfluous to requirements. You will rapidly learn how to take and upload photographs, compose titles and write good descriptions.
  2. Items with brand names always sell better than unbranded ones. ‘Sony 50” TV’ is more powerful than just ’50” TV’
  3. Getting the title right is absolutely vital and could mean your item selling rather than that of the competition. Don’t waste characters on words that no one will search for. People rarely put in model numbers or adjectives like nice, beautiful, comfortable etc. But do include keywords related to the product if you have the space.
  4. Your description should be comprehensive. Include everything that you would like to see there including, colors, dimensions, weight etc. Be honest and use spell check.
  5. Find out what you should be selling for by filling in the search box on eBay with your item description, then click on ‘completed items’ in the left hand side bar to discover what they sold for.
  6. If you need to save space in the title bar there are abbreviations commonly used on eBay. BN – brand new, BNWT – brand new with tags, BNIB – brand new in box, BIN – buy it now and VGC – very good condition. Only use these if absolutely necessary.
  7. Be careful with auction ending times. You don’t want them ending in the middle of the night. This sometimes happens when listing in a country other than your own.
  8. It may seem obvious but don’t sell stuff out of season, barbecues in December – it happens!
  9. eBay sometimes has ‘free listing’ weekends watch out for these.
  10. I cannot advise on tax but remember if you are running a business on eBay you need to take professional advice.
  11. Feedback is everything. Do everything you can to protect it by giving outstanding service. If a refund is needed, give it quickly and with good grace.
  12. To advertise free delivery is a powerful marketing tool.

I hope you find my tips for selling on eBay useful, there are lots more but if you get all of the above right you will be well on your way to being the next eBay powerseller!

Dropship Business – SaleHoo Tips on Choosing a Dropshipping Product to Sell

Before you even think about finding a wholesale dropshipper for your online dropshipping business, the first thing you have to do is identify what product you are going to sell. Naturally, you would not consider renting a store space and having a grand opening when you do not even know what you will sell. Deciding upon a product to sell online can be difficult because of the wide range of products to choose from. However, making the wrong choice can be disastrous for your business.

To help you decide, you must research and find out what products have a large demand in the market. You can do this by checking out auction sites like eBay. You can also find out what items are in demand in online shops. Social sites and forums are also helpful in finding out what products are of interest to people and what they are talking about. You can also use Keyword Search Tools. This tool will help you identify top products or items that people search for online, and many of these tools are free.

You can conduct a very simple but effective survey by asking people around you what they would be interested in buying online. Ask your family and friends. You can even ask yourself what you would want to buy from the internet in the near future. Power sellers advise having a niche market or a unique product that you can specialize in. Ideally, this product should be something you are knowledgeable about, such as a hobby or craft. The advantage with a niche market or unique product is that you will have less competition and you can establish your market more easily and quickly.

Once you have decided upon a product, you must now find a suitable wholesale dropshipper to be your partner. SaleHoo is one of the reputable wholesale directories where you can find reliable suppliers. Many online retailers and eBay powersellers use SaleHoo to search for authentic wholesale suppliers. You must be aware that some middlemen pretend to be wholesalers when in fact they are not. It is therefore necessary for you to register your business and obtain a Business Tax ID Number, since authentic wholesalers and manufacturers will ask you for this.

If you can find a good wholesale dropshipper to supply the products that you want to sell, you will be able to work at establishing and promoting your business until it becomes successful.

Tips for Starting Your Own eBay Women’s Clothing Store Business

Launching your very own women’s eBay clothing store is a great way to begin a journey of financial freedom and independence while working from the comfort of your own home. Starting your own eBay women’s clothing store requires a bit of planning, preparation and some creativity to get your store off of the ground and running. The more you prepare to run your online store, the easier it will be once you begin to receive orders from those who are interested in the merchandise you have to offer.

Tips for Choosing Your Inventory

Determine what type of merchandise and inventory you plan to stock within your online eBay store before you begin searching for merchants that are right for your business. Create a list of the type of inventory you want to stock along with specific sizes you require for each piece of clothing or good you are interested in. The more detailed you are with your budget and specific about the type of clothing you want, the easier it is to work with merchants and wholesalers who provide what you need for the industry you represent.

Keep in mind any colors you want to offer as well as size charts from each vendor before you place any order to ensure you keep your customers as satisfied as possible when they make a purchase from you.

Finding the Right Wholesale Suppliers for Your Business

Finding the right wholesale suppliers is also necessary when you are shopping for a women’s clothing store on eBay. Finding a wholesaler online that caters to those who have eBay shops is highly recommended to purchase high-quality products and merchandise at a discounted price, especially when ordering in higher volumes. Shopping online to find the right wholesalers is a way for you to save time while also getting more access to hundreds and thousands of items depending on what you plan to sell to your customers.

Avoiding Shipping Nightmares

Avoid shipping nightmares when ordering any of your products wholesale by reading and reviewing all terms and conditions that have been put in place by wholesalers and other merchants you are using to purchase your items. Be sure to read the terms and conditions of all vendors you work with when operating a store of your own on eBay, especially if you plan to order items in bulk. You may also be able to find discounts from various merchants with the more you order in wholesale.

Importance of Pricing Factors

It is essential to factor in the pricing of your items and the markup you want to charge before launching your online eBay women’s clothing store. Consider the price you have paid for each item before marking it up and selling it to others. Additionally, it is also important to consider whether you are paying for shipping or requiring your customers to pay for shipping before setting a price for the merchandise you have for sale. If you plan to pay for shipping yourself, it is highly recommended to consider marking up the total cost of the item more to increase profit margin.

Consider Potential Fees

Whenever you have an eBay shop for women’s clothing, it is necessary to consider all PayPal and eBay fees you may encounter each time you make a sale or transfer your funds to different accounts online. Your eBay account may charge you for each sale that is generated, which is important to keep in mind when you are setting your prices online based on the amount of profit you are looking to generate in revenue altogether. Additionally, PayPal also takes fees depending on the type of merchant account you currently have as well as the number of sales you are making regularly. Read the terms and conditions of both sites before you begin selling your merchandise.

eBay Feedback Run-Ins and How to Keep Everyone Happy

Although you may ship your items on time and deliver a high-quality product, it is important to be realistic and to expect poor feedback from time to time, often from a difficult customer. It is essential to push for positive feedback from all customers to help negate any negative feedback you receive with your eBay account.

Learning all about the selling and marketing process of running an eBay store is a great way to get started in running a successful online women’s clothing business from home. The more time and effort you put into building your own eBay store with high-quality goods at affordable prices, the easier it is to build a loyal following of fans and potential customers for your brand.