Things are finally moving along for More2Cell LLC. The first order has been placed with our wholesaler of choice, and the shipment is coming in from Texas later this week. I should have the order of 500+ items by Thursday and begin selling by Sunday. Based on my research, Sunday is the best day to begin listing auction items since many users of eBay are online and browsing for products.
Last week, I decided to obtain a membership at Sam's Club for More2Cell LLC in order to purchase my office supplies at the best price. I purchased a paper shredder, 10 reams of paper, and some notepads for the business. The shredder will be used to destroy any confidential data, the paper for printing out labels, and notepads for jotting down my ideas for the business. As for the labels, I plan on using PayPal's built-in label printer, which ties right into eBay's system. This makes it very easy for the seller to print multiple labels at one sitting. The only item I still need to purchase would be clear mailing tape, which I will pick up when I make my next visit to Sam's club this week.
The link for my store is http://www.more2cell.com/
The link will take the user to my actual eBay store, which currently exists in a "beta" stage. By the end of this week, I hope to have invested some time into adding the soon-to-arrive products to my eBay store and making the page a big more appealing to the eye. Stay tuned for more updates on the store.
Lastly and maybe most importantly, as for the financial outlook on how the business will be doing, I'm a bit worried but still confident. My forecasted average cost per item was $0.90. For my first order, the average cost ended up being $1.30. This was largely due the fact that my wholesaler is charging a huge shipping fee of about $140 for a 29 lb box of products. I will be contacting the wholesaler at my earliest convenience and talking with someone about possibly trying to get a better rate for future purchases. It's worth a shot even if nothing changes for future purchases.
Also, I no longer plan on making a transfer from my business credit card to my business checking as I originally planned. I have been able to invest some of my own money into the business and have also made a few sales on half.com, depositing the money into my business checking account. I’m on track to already have investing about $500 into the business with NO sales made yet, so I don’t need to borrow anymore money before I make some first.