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is a developing trend. Another good place for temp resources is Craigslist (http://www.craigslist.org), a great resource for those who live in or near metropolitan areas of the United States. Freelance employees also list their services for hire on eBay s Professional Services page. Included are professionals in a variety of fields, including accounting, administrative, graphic and Web design, business strategy, software development, and much more. For information, visit http://pages .ebay.com/business_services. The page is created in conjunction with freelance specialists Elance. You can visit Elance s Web site (http://www.elance.com) directly to find freelance assistance, too. Even though you may feel the urge to find any warm body to fill the gap, take the time to screen potential employees carefully. Think of the process as team building. You want the best players you can find and you need to be sure that they can work together. You and your employees will spend many hours together, so make sure that you have good personality matches along with strong work ethics and abilities. Research all the costs involved in hiring employees. Don t forget that it s not just their wage you ll need to pay there is the matter of payroll taxes, worker s compensation insurance, employee benefits, and other expenses. There is also a cost involved (both monetary and time) in training new employees and getting them up to speed. You may also need to invest in additional equipment, such as extra computers or upgrading your workspace to accommodate new employees. A good rule of thumb to follow is that an employee will cost your business at least double what you pay them in wages. Finally, remember that as your business evolves, you must evolve, too. Your role will change from the doer to the leader. When many small business owners experience growth and add employees, they often have difficulty letting go of the smaller tasks that they used to do themselves. The shift from micro- to macro-managing can be tough, but it is essential to the viability of your business (and to your sanity, too).
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One of the most attractive aspects of running a small eBay business is that you can stay lean, mean, and solo. Going it alone has lots of advantages that are often overlooked. Generally, people tend to deem businesses successful when they hire lots of employees and generate a lot of revenue. But it s really profitability that counts! Who cares about size when you can keep it small and stay flexible, agile, and margin-focused.
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With a solo shop, you have all the advantages of speed to market and rapid adjustment, but you also don t have to worry about bad hiring decisions, payroll issues, burdensome accounting chores, theft, lawsuits, and insurance coverage. You also enjoy a lot of personal flexibility. If you want to leave the office to get a latt , you don t have to worry about employees slacking off while you re gone. You re the only one slacking off!
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Another problem with a sales boom is managing to keep enough inventory in stock to meet the demands of your customers. You need to make sure that your suppliers can keep up with your orders; and if they can t, you need to find new suppliers. Remember that most wholesalers offer price breaks for retailers when they purchase large quantities of goods. Do your research and stay on top of different suppliers prices as your sales volume and your wholesale orders increase. Leverage the increased volume of your wholesale orders to minimize the costs you pay per unit of goods. You ll also need to find new and interesting goods to keep your return customers coming back to your eBay Store. What good are your customer retention efforts if you re not offering any new and enticing merchandise for return customers to purchase The following are a few tips on sourcing inventory.
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