Writing a business plan is important for every business. It is the key to the business, identifying what you want to do, what you predict your profits to be and sorting out your customer service.
You may think that if you are writing a business plan for your eBay business that you will have to write something quite different.
However, an eBay business plan is really very much the same, if not a little simpler. For example your eBay business plan, like any business plan should include information on product selection, inventory management, and purchasing, pricing, order processing and customer service.
Product selection will be pretty much the same as with any other business except that eBay does not allow few products, this is not likely to limit your choice too much.
Inventory management can be done with software as it would be done in any other business but you could use eBay’s specially designed software if you wish to.
Purchasing will be the same as with any other business.
Pricing may be slightly different as you have the option with eBay to auction items as well as selling them at a fixed price.
If you auction items then you will not be able to determine the prices but you may be able to predict them and you can certainly calculate what your minimum selling price will be as this will be your starting price for your auction.
Order processing and fulfilment should be quite simple. You will need to comply with eBay’s guidelines as to timescales but as with any other business you will want to ship items as soon as you can.
Customer service is probably the last main area that you will need to include in your business plan