- Original Poster
- #1
Good morning all.
I have been on eBay for quite a while now, and I am averaging sales turnover of around £800-£1000 a week. I have a lot of repeat customers, with my emphasis on a great service, great communication, and items fully described with individual pictures. I offer a no quibble money back return, and have many, many repeat customers that buy product after product.
My current business model is not a traditional one in any sense. I buy from eBay and sell back on eBay, often with margins reaching 60%. Therefore a large percentage of my products are used items.
I do also source some products from wholesalers, and suppliers, and although I enjoy this, and prefer this method, the margins are not great, but realise I am going to have to concentrate on this more from an ecommerce store perspective.
I have been toying with the idea of my own ecommerce store for a while now, and have finally taken the decision to go for it. By august/september 2012, I hope to have a fully loaded ecommerce store live, which will work in conjunction with my eBay store for the initial traffic.
This months fees for eBay was £312, and looking back, over the last 6 months alone, I have generated £1300 in fees for ebay. For this reason, I believe an ecommerce store would be more cost effective, and more of the profit would be mine, and not eBays. I would be looking to get my repeat customers from my eBay store and into my ecommerce store in the first instance.
Before anyone points it out, I realise eBay is a superb platform with millions of potential customers and potential exposure, but I now feel i need to branch out.
During the time from now until late February, when I hope to pay someone to complete a store for me, I am going to redraft a business plan, and make all the necessary arrangements to ensure I am confident enough and equipped to go into such a venture. I will have around £1200 budget for this to complete. The only one major stumbling block is:
I have no experience whatsover of ecommerce stores, how they work, what costs are involved, editing new products into the store, hosting or anything like that. terms like CubeCart, this cart, that cart mean nothing to me. Hosting and domain registration, Search engine optimization everything to do with it I have very little understanding of it.
This is where you come in, and I hope to draw attention of some of the more experienced people on these forums.
My questions:
1) Can anyone recommend any books or literature that is in depth, and explains the inner workings of an online ecommerce store? Or indeed, any links that would help me?
2) Is my budget sufficient to buy and have someone build a website from scratch, including a domain, and hosting?
3) What knowledge of coding do i need if any? For instance, how easy is it to upload new products to your site? This is what worries me the most.
4) I will be primarily looking at using Paypal as the only payment option, but what are the most cost effective, efficient and safe modes of taking card payments online, and their costs? Again links appreciated.
5) What are the running costs of a website per month.
As you can see from my questions, I have an enormous amount to learn, but am willing to do that in the time I have stated.
Any advice, guidance, links will, as usual, be greatly appreciated. I will not jump into this cold, before anyone points out I am not experienced, or if my budget is not up to scratch etc, if I am not ready by late February, then I will simply delay it for another 6 months or so, or until I feel I am ready.
Cheers,
Rick.
I have been on eBay for quite a while now, and I am averaging sales turnover of around £800-£1000 a week. I have a lot of repeat customers, with my emphasis on a great service, great communication, and items fully described with individual pictures. I offer a no quibble money back return, and have many, many repeat customers that buy product after product.
My current business model is not a traditional one in any sense. I buy from eBay and sell back on eBay, often with margins reaching 60%. Therefore a large percentage of my products are used items.
I do also source some products from wholesalers, and suppliers, and although I enjoy this, and prefer this method, the margins are not great, but realise I am going to have to concentrate on this more from an ecommerce store perspective.
I have been toying with the idea of my own ecommerce store for a while now, and have finally taken the decision to go for it. By august/september 2012, I hope to have a fully loaded ecommerce store live, which will work in conjunction with my eBay store for the initial traffic.
This months fees for eBay was £312, and looking back, over the last 6 months alone, I have generated £1300 in fees for ebay. For this reason, I believe an ecommerce store would be more cost effective, and more of the profit would be mine, and not eBays. I would be looking to get my repeat customers from my eBay store and into my ecommerce store in the first instance.
Before anyone points it out, I realise eBay is a superb platform with millions of potential customers and potential exposure, but I now feel i need to branch out.
During the time from now until late February, when I hope to pay someone to complete a store for me, I am going to redraft a business plan, and make all the necessary arrangements to ensure I am confident enough and equipped to go into such a venture. I will have around £1200 budget for this to complete. The only one major stumbling block is:
I have no experience whatsover of ecommerce stores, how they work, what costs are involved, editing new products into the store, hosting or anything like that. terms like CubeCart, this cart, that cart mean nothing to me. Hosting and domain registration, Search engine optimization everything to do with it I have very little understanding of it.
This is where you come in, and I hope to draw attention of some of the more experienced people on these forums.
My questions:
1) Can anyone recommend any books or literature that is in depth, and explains the inner workings of an online ecommerce store? Or indeed, any links that would help me?
2) Is my budget sufficient to buy and have someone build a website from scratch, including a domain, and hosting?
3) What knowledge of coding do i need if any? For instance, how easy is it to upload new products to your site? This is what worries me the most.
4) I will be primarily looking at using Paypal as the only payment option, but what are the most cost effective, efficient and safe modes of taking card payments online, and their costs? Again links appreciated.
5) What are the running costs of a website per month.
As you can see from my questions, I have an enormous amount to learn, but am willing to do that in the time I have stated.
Any advice, guidance, links will, as usual, be greatly appreciated. I will not jump into this cold, before anyone points out I am not experienced, or if my budget is not up to scratch etc, if I am not ready by late February, then I will simply delay it for another 6 months or so, or until I feel I am ready.
Cheers,
Rick.
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