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Making Money on eBay
By Lynn Schneider
Read how one savvy mom turned her problem with
cleaning her braces into extra money into a profit making
side business on ebay with her invention DentalKit!
Deep
down, I had always wanted to start my own business. I envied
other women who had done it. The trouble was, I had no bright
ideas -- until recently. It's funny how it came about --
not from hours of brainstorming, or from reading piles of
books, but from my own dental experience.
I've been a technical writer for 15 years, but I haven't
worked in almost a year. As the dot-com bubble burst, we
tech writers have fallen into dire straits. I made a great
living doing part-time contracts. It allowed me to be home
with my daughters after school. But in the past year, the
work has dried up. Hourly rates have been cut more than
half.
One year ago, at age 41, I got braces to straighten my crooked
smile. The day I got my braces, my orthodontist handed me
a little baggie with some supplies: a couple of toothbrushes,
some dental wax, and other goodies. I stuffed it into my
purse. The next time I ate at a restaurant, I scurried into
the restroom with my little baggie. I came out with clean
teeth and a wet shirt. I needed better supplies, especially
a folding cup.
I searched the web for a dental kit and was surprised to
find nothing. I asked my orthodontist, but he just shrugged.
I realized that if I wanted a functional dental kit, I had
to put one together myself.
After searching from store to store for a couple of weeks,
I finally found all the items I needed, including a decent
folding cup. Whenever I ran into a fellow metal mouth in
a restroom, they'd delight at the kit I'd put together.
That's when the light bulb went on: I bet other adults would
buy something like this. And how about kids? I bet kids
and teens could use it, too!
I scoured various dental supply catalogues and sent for
product samples. I looked at every conceivable type of travel
toothbrush, folding cup, and dental pick ever invented.
I looked at bags and cases until I was bleary-eyed. It took
three months, but when I finally came up for air, I had
a really nice orthodontic travel kit. I plugged the numbers
into Excel, with the help of my husband, whom I affectionately
call 'Mr.Spreadsheet.' I could actually turn a profit on
this baby! After some creative brainstorming, I decided
to call my product DentaKit.
But how was I going to raise the money to begin this fledgling
business? I didn't really want to raid our savings. So I
turned to eBay, and became an eBay seller. I bought items
(usually clothing) cheap at thrift stores and yard sales
and put them up for auction. I made money. For example,
a specialty t-shirt that I bought for 99 cents sold for
$15. A polo shirt purchased for $2.99 sold for $25. And
an antique book that I found at the bottom of a bin, which
I purchased for $1.50 sold for a whopping $76. (If the cover
had been in better shape, it would have been worth $250!)
Soon my husband and I searched our house for items that
had value. Between the thrift store items and our own discards,
we raised more than $2,000 , half of what I needed to bootstrap
my DentaKit business. It's so easy, that now I regularly
visit the thrift stores and keep a steady stream of cash
flowing into my PayPal account! I've developed an eye for
what sells and what doesn't, and I'm constantly checking
eBay for new ideas.
Creating my DentaKit business utilized all the skills I've
developed in my past careers: writing, web design, PR, marketing,
and spreadsheet analysis , not to mention shopping, bargain
hunting, and intuition! It all came together in one place,
and I've enjoyed every minute of it!
So far, I've sold a couple of hundred DentaKits to grateful
people across the country via my online store. I'm hoping
to sell more, and develop a rapport with consumers and orthodontists
worldwide. In addition to running the DentaKit business,
I also run an informational website for people in braces,
ArchWired.com. I'm learning every day how to use personal
and web resources. And I'm setting a great example for my
daughters. No matter what happens with DentaKit, they'll
always remember that mom had a bright idea, used all her
know-how, and went for it. If that isn't a lesson for these
crazy times, I don't know what is.
About the Author: Lynn Schneider lives in the San Francisco
Bay Area with her husband and two elementary school-aged
daughters. She was a technical writer before getting braces
and Dentakit. You can visit Lynn's online store at http://www.dentakit.com
and her informational braces website at http://www.archwired.com.
Now that you have learned how one mom turned her problem with cleaning her braces into extra money on ebay with her invention the DentalKit, read the related Start your Own Business articles below:
Find the Best Home Business Ideas
Choosing the Right Business Entity
WAH Business Essentials Part 1
WAH Business Essentials Part 2
Making Money on eBay
Start up Cost Calculator
Work at Home Job Ideas
Business Plan Template
Top 10 Secrets to Achieving Goals
Choosing a Domain Name
How to Spot and Avoid Scams
50 tips for New Work at Home Business Owners
Avoiding Company Name and Trademark Violations
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