Monday, October 5, 2015

Update on buisnesses



So so far business have started to pick up slightly and I'm adjusting my business plans and focusing on those ideas making money now, eventually I'll go back and work on the ideas that are not making any money to try and make those work. But for now the main goal is to make enough money right now to start making a profit.


My Japanese readers sold about 6 copies this weekend which is about 12 dollars in 2 days. So that seems to be doing the best.


I'm working on 3 more to publish in that vein and I've identified several other ideas of books to publish and I'll be focusing on that. What seems to happen, is the more books you publish, the more chances people have to find you, so the profits seem to snowball.


My ebay store has also started to make money. Less than the books, but still something.


What I notice is that very cheap auctions raise awareness of the store, so I've gone and bought some lots of jewelry from my supplier at about 60 cents a necklace.


I'll then have auctions at 99 cents. Even if they sell at 99 cents I still make 39 cents a sale. (not a great profit margin, but hopefully some will sell for much more) Also ebay doesn't charge a fee for auction listings unless the item sells. (bonus)


The etsy store is not doing well, so I'm backing off of that idea for now and trying a shapeways store in the same vein for now. working on building up inventory. I need at least 10-20 items by November. I have 4 right now.


This weeks battle plan.


1-2 more books.
3-5 more items.
update ebay listings to optimize sales.

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