Thursday, 12 December 2019

eBay Tips - Are those one per-centers holding you back from selling more on eBay

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            eBay Tips - Are those one per-centers holding you back from selling more on eBay

Hey, guys, this is Wajahat CH. Today I want to talk to you about 1 percenters.1 percenters are tasks that we do that make less than 1% of the difference to a business up to 12 months. We all kinda get sucked into these certainly I certainly do as well. Now what I try to do to stop myself getting sucked in this much isI have a pop-up coming up from my diary once a week that says 1 percenters. As soon as I get that I stop I look at what I am doing look at what it is in my diary for the next couple of days and see if there's anything there that I can get rid of. How often have you been to a seminar or read a book and you make a big list of all the to-do lists from the book or the seminar saying what to do?

Now and then 12 months go past andhow much of those tasks have you done? Like I am gonna run another seminar in a couple of weeks which I attend every year. And I always reflect on what I have done.I take my notes from last year and I read them on the plane and look at what I have done. What I try to do after the seminars these days based on the 80-20 principle 80% of the results come from only 20% of our actions. So of course after the seminar you read the book you try to sort them all out of what's gonna give you the biggest return. When we do the tasks we try to break things down into the $2 an hour work the $5 an hour $8 $15$20 $100 an hour and a $1000 an hour work. That being the $2 an hour work is any task that we can outsource to VAsoverseas virtual assistants which cost US$1.44.

Then there $5 work which is really the $3 and $4 an hour work. Because that's what costs for PHP programmers graphic artistsHTML editors those kinds of people normally run at $3 to $5 an hour mark. The next one is the $8 the $8 people are teenagers high school students who come into the warehouse and help out on busy periods. They might put stickers on boxes take out flatback boxes and sticky tape them into shape. They might print out instruction sheets staple them together print out labels all that kind of stuff. That's an $8 an hour work. The $10 to $15 an hour work is how much we pay for high-end programmers overseas like people who fix up other people's mistakes bookkeepers all those kinds of people are $10 to $15 mark.

The next one is $20 mark $20 an hour people. And that's how much it costs us to get packers to come into the warehouse and pack. Most of our staff, of course, are all overseas because it is way cheaper. Now the $100 an hour work is the stuff that we should be focusing on as business owners. Its the work we do to build a business not the work we do just to maintain the businesslike not replying to emails that kind of stuff. Its actually doing some proactive to build the business. So we all got sucked into working on things and we work on the business but were not actually working in it were working on it. And then there a $1000 an hour work. And a $1000 an hour work is the work you do normally when you're not in the office it's normally not when your working.

Its when those great ideas come to you. You could be singing in the shower you could be out doing golf or whatever your hobby is. Personally, my favorite hobby is flying radio-controlled planes there are many times good ideas come to me when I have been driving my car there I've been driving on dirt track or there. But I am not thinking about work is the last thing I am gonna think about. I am just thinking about my model planes and chilling out relaxing. But I get great ideas come to me often then because my brain can do it. It can answer questions that might have been an issue going on there something then suddenly the solution will appear. Like when you wake up in the morning one day and the solution appears. How the hell did that happen?

Well, it just does. But you need to take time off to do it. Some of the work that we can get bulked down with eBay whats gonna generate more sales the fastest in over 12 months period? Because most people way overestimate what they can do in 3 monthsbut they way underestimate what they can do in 12 months. To build a large eBay business normally just involves adding more products. So it requires product research. Some people say " How do I add more products when I have a cash flow issue?" Well if cash load is an issue dont import as many products. Import as many as you can then start doing drop shipping. Or buy and sell used items there's a hell multitude of other ways to increase the amount of excuse you got listed on the amount of items you have got listed on eBay without requiring cash. Another thing could be photo editing you can bulk down with that photo editing is $2 to $3 an hour work emails are they crippling you?

How about putting in someone to do that overseas?How about putting some software to automate that as well? All these tiny tasks you got to write down" what's taking your time?" Because as a business owner to start building an eBay business is putting an extra strategy in. In other words, an extra strategy says is perhaps one day sell the business but whether or not you sell the business is beside the point. If you have an extra strategy build a business that works without you.Which means you can take time out and do all the things you love that you enjoy. You are an owner you're not a worker. And the fastest that you get more products the fast that your business will grow. Any tasks that you can document in say words or pages you know you're a windows person or a Macintosh personal tasks that you can document with screenshots and texts that you can train a 10-year old to do you can easily outsource to a $1.44 an hour person.10-year olds are pretty smart I got a 9-year old and it is quite amazing at what they can do these days. All I do is get her to read some of my instructions sometime and see if she can follow them. If she can't follow them being 9 I rewrite them.

That way I can just get a VA overseas give them my instructions and bingo there up and running. So any tasks that you're doing that you can document with screenshots get rid of it. Thats the quickest way to build your business get rid of these tasks so you could spend more time building your business. When I first started writing instructions I was like here we go its gonna take some time before I get air on. Get myself a large coffee get a camping chair sit down and start writing. But many times 15 minutes30 minutes later instructions are I have done it. It doesnt seem really take that long. Now Ive got them saved in WordNext time Im gonna get another VA to do the same tasks I just email it to them BANG DoneWhats crippling you?

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