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An eBay Millionaire - Have you got What It Takes?

Recently eBay announced that for that fourth consecutive year there was a growth in the amount of eBay. co. uk millionaires who had reached the magic turnover figure of just one million pounds in annually. Interestingly five of these types of sellers achieved this within their first year of amazon trading. According to figures introduced by eBay they expect a rise of 25% in how many sellers hitting the magic figure this year. That will bring the total up to around one hundred sixty millionaire sellers. Considering the current UK and worldwide particular predicament such a growth looks quite remarkable. Nearly all the Small and Medium Enterprises, have boosted their sales by a growth in their export task. Last year export revenue accounted for £446 trillion pounds of sales and are expected to pass the actual 5000 million mark in 2010.

These figures are impressive but do they have got any relevance to the little one person at work from home business? Many of the amazon millionaire businesses were already established "bricks and mortar" concerns who have been trading locally and utilized eBay purely to develop their market. So is it practical for someone to start from scratch and create a business that could join the growing quantity of big hitters on craigs list No matter how tiny your business is once you start you will need a plan for growth. Unless you are marketing very high-priced items you are likely to have to make thousands of sales to reach a million turnover and you'll not be able to achieve that on your own. As your business grows you will need to employ staff because you simply won't be able to do it all your self. In addition to employees you will have to purchase software to help and accelerate the various routine tasks that may need completing. The more you can automate your company the less staff you will have to employ.

The great mistake that many people make when they will startup any business is they try to do all of it themselves and they become too involved in the nuts and bolts of the business. The secret is to function ON your business but not IN your business. That means you have to stand back and consider an overview of the proceedings and not get to mixed up in hands on aspects of your business..

Of course when you first start if you have only you it is not possible to stand back if not nothing gets done. In this case you need to set aside a period each week to stand back and examine your business, see how you have progressed and decide what you ought to do next to drive your plan forward.

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