Next, I could have saved myself a very large amount of money. The other thing those dealers had learnt was that "PROFITS ARE MADE WHEN YOU BUY"! If you pay too much for your item, even though it's in demand, you lose! Again Ebay completed auctions help you condense years of hard knocks into a few evenings research into discovering your items "ASP" (Average Selling Price).

Are you beginning to realise extraordinary advantage of Ebay?

How about this - what if while I was sitting there, in Camden market (believe me, I had lots of time to spare!) I could have had a crystal ball that let me see details of every one of sales that were going on around me. Not just what KIND of things were selling or at what average price, but what brands sold most, what colors, years of manufacture, sizes etc. and what prices encouraged more sales than others. Advantages that not just allow me to match what other sellers were doing but to take best knowledge from each and merge it.

Just imagine!

I wouldn't have had to perfect my "take pity on me" look! With a window into every detail of most successful dealers sales - even before I paid my first weeks rent money or paid for my first auction purchase - I could have been king! I could have set up my stall on that first, early morning, knowing without a doubt that I had items that buyers were looking for at prices they were willing to pay. My goodness, what I would have paid at that time for that kind of advantage!

This, of course is just tip of iceberg - there is a whole list of vital business information that can be learnt from Ebay completed auctions. For a fuller listing you can see most of them at ProfitFacts for Ebay Auctions http://www.profitfacts.com.

I estimated that, given my eventual earnings on that Camden stall - after I had served my enforced apprenticeship – This kind of vital market research would have saved me close to $12,000.

But real value of this amazing Ebay data isn't reserved for antiques. There is an even greater potential for dealers in new items. Product that can be easily bought in bulk for a market known to exist, at a price known to sell.

So what is it going to be for you? suffer 3 P's or take opportunity Ebay offers, and condense what would take years of experience to learn in any other market.

Rob Noble http://www.profitfacts.com

Rob Noble has had a varied business career including dealing in antiques, owning a printing company, Venture capitalist for a private investment consortium, trading index futures and for past two years - full time businesses on web. He is now CEO of ProfitFacts for Ebay a brand new service which "tracks who's making big money on Ebay, how much they're making and how they make it".

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Rob Noble http://www.profitfacts.com

5. Mission Statement Write a mission statement telling who you are and what you are about. Explain what you are selling and add your unique selling point.

6. Marketing Idea How will you create demand for your product? By offering extra's, quality, performance, price.

7. Price How much will you charge. Will you charge less than competition to attract new customers. Charge a similar price, but offer extra's. Or you could charge slightly more and provide better quality. Use this as a unique selling point.

8. Budgets How much money will you invest in marketing your product: daily weekly monthly

9. Goals What income are you forecasting per week, month, year? How many sales per week, month, year? How many customers served per week, month, year?

10. Success What methods will you use to measure a successful marketing plan? Reaching a predetermined income. Selling more than competition. Satisfied Customers.

At end of a year review all your marketing statistics. Did you reach your goals? If you did not reach your goal, revise your marketing plan until you find a winning strategy.

Need More Info?

Visit your local library for books on marketing plans or read many free marketing ebooks found online. Read every thing you can on advertising or marketing. Set up your own research files on marketing strategies. Keep striving to improve.

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BB Lee is Editor/Publisher Of SmallBizBits Home Based Business Newsletter. Subscribe Now For Unique Startup Ideas, Great Home Business Articles, Tips, Advice. Visit:http://www.angelfire.com/zine/smallbiz mailto:smallbiz@angelfire.com _______