Saturday, November 10, 2007

Plans, Plans, Everywhere there's Plans!

First of all, I have to thank Marsha Collier for personally commenting on my blog entry regarding eBay dropshipping. It was quite a surprise to see a comment, let alone a comment from the author of the book I mentioned. I'm glad I liked the book and said positive things about it!

Since this blog is about my attempts to work from home, it's time I addressed my current situation. I have spent a month researching and analyzing opportunities and the time has come to modify the original business plan I developed at about the same time. Originally I was just going to set up an eBay business. That is still my primary goal, and I will be selling consignment items to begin with as I build up some capital so I can start buying items to re-sell on eBay.

Since then, I have decided to focus on several venture as a means for raising capital and utilizing my strengths. This is called Multiple Streams of Revenue by many of the "Get-Rich-Quick" crowd I mentioned in my first couple of posts. I will discuss each of these "streams" in the next few posts, but most involve writing and hopefully getting paid for it.

I revisited my Business Plan and found some good resources to help me with this. Marsha's book was great for setting up a business as far as what you need to do legally so Uncle Sam doesn't come knocking. Another book I read, Making a Living from Your eBay Business by Michael Miller, has a great chapter on writing a Business Plan, which might come in handy if you are looking for outside people to throw money your way. I used this in conjunction with a website called MyOwnBusiness.org which had a great template for writing the plan (although I had some formatting issues and ended up using a template from Microsoft Office Online, but the site was still informative.

I'll be back tomorrow with additional updates and links to some of my other ventures. Thanks to anyone reading and let me know if you want me to review or comment on anything specific.

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