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The eBay Millionaire - Have you got What It Takes?

Recently eBay announced that for that fourth consecutive year there was a growth in the quantity of eBay. co. uk millionaires who had reached the magic turnover figure of just one million pounds in per year. Interestingly five of these kinds of sellers achieved this within their first year of auction web sites trading. According to figures released by eBay they expect a boost of 25% in how many sellers hitting the magic figure this coming year. That will bring the whole up to around one hundred sixty millionaire sellers. Considering the current UK and worldwide financial predicament such a growth would seem quite remarkable. Nearly all the Tiny and Medium Enterprises, have boosted their sales by an increase in their export action. Last year export sales accounted for £446 million pounds of sales and they are expected to pass your 5000 million mark this year.

These figures are impressive but do they have got any relevance to the little one person at home business? Many of the ebay millionaire businesses were previously established "bricks and mortar" concerns who have been trading locally and applied eBay purely to develop their market. So is it easy for someone to start from scratch and build a business that could join the growing variety of big hitters on auction web sites No matter how tiny your business is once you begin you will need an agenda for growth. Unless you are offering very high-priced items you are going to have to make thousands of sales to reach a million turnover and you'll not be able to do that on your own. As your business grows you need to employ staff because you simply are not able to do all of it your self. In addition to employees you will have to purchase software to help and accelerate the various routine tasks that will need completing. The more you can automate your small business the less staff you need to employ.

The great mistake that many people make when they startup any business is that they try to do all this themselves and they become too mixed up in nuts and bolts with their business. The secret is to function ON your business and never IN your business. That means you must stand back and consider an overview of the proceedings and not get to active in the hands on aspects of your business..

Of course when you first start if you have only you it isn't possible to stand back if not nothing gets done. In this case you must set aside a period every week to stand back and take a look at your business, see how you have progressed and decide what you should do next to force your plan forward.

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