Absolute Beginner's Guide to Launching an eBay Business

3. Step One: Create a Business Plan

In this chapter

• Thinking it through—before you start

• Why you need a business plan

• How to create a business plan

• The components of a winning business plan

• Writing the plan

Before you can start your eBay business, you have to determine just what type of business you want to start. Yes, you know that's it's going to involve selling (lots of) stuff on eBay, but what kind of stuff are you going to sell? And where are you going to get that stuff? And just how are you going to manage the selling and shipping of all that stuff? And, if everything goes well, how much money do you expect to make—versus how much money you have to spend?

When—and only when—you can answer all these questions, then you're ...