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#71
12-04-2006, 01:02 PM
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Re: Ask Me Anything About Ebay
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] My company which features myself, my wife, and one part time shipper generates around 120k a month profit after wages, expense, ebay fees etc...we pay the shipper 8 bucks an hour and wife and I take 1,000-3500 a week depending on what we need etc. [/ QUOTE ] If you're making 120k profit a month: 1. Why dont you take bigger salaries from the company, i.e. what type of working capital do you need to re-invest? 2. Why dont you hire more people? 3. How is what you do different than the "I sold it on EBAY" stores? [/ QUOTE ] The state I live in is such that I have a 7500 sq foot house and its paid for, it was under 500k. I drive a nice car as does the wife and we have every toy we want etc. I dont take a bigger salary as I dont really need it, and being a LLC I can take a big check at the end of every year without the tax worries of a S.P. ... [/ QUOTE ] just to simplify I'm going to use easy numbers say your LLC makes $1,000,000 you pay your self $50k you give yourself a $150k bonus (end of year) what do you do with the remaining 800k? Can you just leave it in the company checking account? Can you invest it in something as a company asset? are these things something you learned how to do through school/CPAs/business financial advisor? I def see myself moving away from my hamster wheel and starting an LLC eventually....where/how did you get started? [/ QUOTE ] She has set up investments for me through the company, insurance that we pay, and we expense a lot of things. Some years if I make to much I will buy all new computers, cameras etc. A cpa would better answer that though for you. 
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#75
12-04-2006, 02:18 PM
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Re: Ask Me Anything About Ebay
I have 2 of these type stores here in town, and I have met with them on numerous occasions about getting them to advertise on our TV station. Of all the possible clients, these 2 have been the most difficult. Our prices are high value and very affordable for small business, and I know what I'm doing (or I wouldn't be working here). What made you advertise on television locally? What angle do you like about it?
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#77
12-04-2006, 04:07 PM
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Re: Ask Me Anything About Ebay
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I have 2 of these type stores here in town, and I have met with them on numerous occasions about getting them to advertise on our TV station. Of all the possible clients, these 2 have been the most difficult. Our prices are high value and very affordable for small business, and I know what I'm doing (or I wouldn't be working here). What made you advertise on television locally? What angle do you like about it? [/ QUOTE ] Easy sell, go at it from this angle...tell them to take 500.00 worth of ads and that if it generates 1 good customer they will easily recoup that in a few listings. Thats what the radio lady did with me and I said fine ill try it...next day after they started I made 700 on one item generated from the ad.
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#78
12-04-2006, 04:49 PM
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Re: Ask Me Anything About Ebay
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[ QUOTE ] what is your ebay id? is the consignment local only or online? [/ QUOTE ] [/ QUOTE ] Yep still waiting.... (3rd call)
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#79
12-04-2006, 05:10 PM
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Re: Ask Me Anything About Ebay
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[ QUOTE ] [ QUOTE ] what is your ebay id? is the consignment local only or online? [/ QUOTE ] [/ QUOTE ] Yep still waiting.... (3rd call) [/ QUOTE ] some people cant take a hint.
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