Jon123 wrote:Hi Wil,
Loads and loads of different factors on this one. Kind off like vending valuation I would say.
Is it even possible to transfer over and ebay business? (I'm sure I heard somewhere you cannot)
Is stock bought from local wholesalers or sourced worldwide?
What makes your business work? Lack of competition? you undercut there prices?
What you say you turnover a month? how seasonal is the business?
What would stop anyone just doing what you do and matching sales?
Regards
Jonny
You can sell an ebay business. You can have up to 10 shops as long as each one has an id.
The beauty that I have found with the eBay shop is that if you offer a good speedy service then you get higher ratings, which means higher visibility and more sales, which means more sales etc. Various methods of selling, postage offers and cross promotion also help.
I also have my two ecommerce sites which brings in some money (£200yr), but I do not have time to fully develop this side. You need to try and push ebay buyers to this site by offering cheaper prices, but still save on ebay fees.
There are a lot other sellers of seeds on eBay, but from Jan to July there are so many customers that I'm sure they all do well. I get orders out as quick as I can and get approx 35 - 40% return customers. Because I sell lots I qualify for discounts and ebay fees this year have been about 10% of my turnover.
Just like vending service is king!
I buy seeds from three main suppliers, one gives me a 20% volume discount(in North America), one is the largest seeds wholesaler in Europe and the other main one is about the largest one in the southern hemisphere. I can also source seeds from Australia, India, Belize, Thailand etc!
Some of my seeds cost me 30-40p to package, but with these ones I sell for £1.50. Seeds I sell for 99p I can usually get for 2 to 25p per pack (I pack smaller qty’s). I sell lots of one type of seed at £2 and these seeds cost me less than 24p for 4 seeds! Another one I buy for $8 less 20% = £4. I usually get 40 packs out of this and sell them for £1.50 each = £60 income….
I started as a hobby/game, but there is serious money to be made. I will probably only be selling if I move away