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Home | Internet & Businesses Online | E-commerce The eBay drop-off store is a service business, offering to auction other people's items online for a percentage of the sale. At first that sounds like a simple system. Once in place, it should become an assembly line for turning clutter into cash. Your profit has to come from what you offer your online bidders; but, that is determined by the things customers bring in to sell. A continuously changing stream of customers results in items that are mixed in category, varied in condition, and wide-ranging in price. This might seem like an advantage since there can be millions of buyers on eBay looking for thousands of different products, but it isn't. As a store owner you are paying employees to photograph, list, and ship a different set of products every hour, every day. It becomes a constant pool of inconsistency with no hope of standardizing the workflow. Remember, too, employees are going through all this work for an item you don't own and will return if it doesn't sell. Your control over what you can offer buyers is haphazard. The most successful people selling on eBay have a niche product. Drop-off stores don't have that advantage. Who's Getting Rich? Most of the franchise company's quote only the total eBay sales of their stores; not the true profitability of the business, because their isn't any, or at least not enough, on a consistent basis, to justify buying into their franchise. Remember, if you want to sell your business later, the P&L must show a profit. That determines how much someone will pay you for it. If you want to get out because you're losing money you've got to find a fool with eBay dust in their eyes.Who's getting rich? Maybe it's the people selling the franchises by not disclosing the facts! Article Source: http://www.articlewheel.com
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