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Day 3 - Building A Strong Foundation For Your eBay Business - Part III

Posted on 23 February 2006 by Gary H

Today’s the last segment of the Building A Strong Foundation For Your eBay Business portion of our 30 day Odyssey. Today we are going to take the actual goals we set yesterday and break them down into the steps we need to take to reach them. When we are done with this step we will have a detailed eBay action plan to follow to build our eBay business for the future.

Before we get started, if you’ve either been selling on eBay, or just trying to really get started, for a while I want you to first ask yourself the following question.

If you’ve stuck in a rut and not making any real progress, what changes do you need to make get your eBay business headed in the right direction?

If your goal is to earn $xxxx a month to pay your mortgage payment and you’ve been selling on eBay for six months but only listing ten items a week, you probably need to make some changes. If you’ve spent the last four months trying to find a wholesale source for inventory without any success, you probably need to change either where you’re looking or what you’re looking for. You’re going to be developing an action plan to reach the goals you’ve set. Don’t allow yourself to remain stuck in the same rut when you do this.

To develop your eBay action plan, begin by taking each of the individual goals you set yesterday and ask yourself the following questions about each one:

To achieve this goal -

  • What must I do during the next week?
  • What must I do during the next month?
  • What must I do during the next 3 months?
  • What must I do during the next 6 months?
  • What must I do during the next 12 months?
  • What must I do during the next 2 years?
  • What must I do during the next 3 years?

Extend the questions out for a longer period of time if necessary. Take your time and break each segment down into as many smaller steps an needed. Don’t generalize your answers. You’re building an action plan and the steps must be specific. When your done your plan should consist of two types of actions.

Some will be one-time tasks like:

  • Open a PayPal account
  • Buy a good postage scale
  • Open an on-line postage account
  • Open an eBay store
  • Set up a second eBay user ID
  • Set up a blog to target buyers in my niche & pre-promote my products

Others will be on-going tasks like:

  • Research one new product or niche each month
  • List 25 auctions every week
  • Add one new article to my blog each week
  • Spend two hours a week educating myself about new eBay products and developments

I want to stress again that the tasks that make up your action plan need to be specific. They need to be specific because they need to be measurable.

If they aren’t you won’t have any way of knowing if you’re progressing toward your goals, just running in place, or slipping backward.

The three segments we’ve covered that make up “Building A Strong Foundation For Your eBay Business” require some time, some work and some thought. It’s easy to just sit back and say “I don’t need to do those things in order to build a successful eBay business.”

Well, maybe you’re right. Maybe you are the one in every hundred people who read this who can do it without a mission plan, a set of pre-determined goals and a specific, step-by-step, action plan.

But the odds are much more likely you’re one of the other ninety-nine, so if you’re serious about using eBay to achieve the things you want in life - whatever they may be - completing these three steps will increase your chances of success a million-fold.

Do it now.

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