Kudos to bizthreads.net for finding this article in Entrepreneur Magazine about 19-year-old Cain Bond of Washington, Indiana, an Internet Entrepreneur who will sell $1 million worth of baby strollers and bicycle-related products on eBay this year.
He began selling strollers on Ebay in January of 2004 and went full time after graduating from high school that June. He sold $30,000 worth of products the next month. He knew nothing about strollers. But he did know this:
babies are born every day, so people need strollers.
In 2005 Cain Bond bought out his Dad’s Ebay business, adding bicycles and bicycle products to his offerings. Later in the year he moved the operation out of his house and into a warehouse, and opened a retail bicycle store.
He now has 5 employees and has done everything without bank financing. He’s still growing too, by using eBay seller tools like Turbo Lister and Selling Manager Pro. He’s got his eye on international sales and wants to build a product website.
His advice? Just have all your stuff together. That doesn’t necessarily mean money, but whatever item you’re going to sell–have it all inventoried, and when you list an item, make sure you list everything right the first time, so you don’t [get] 500 e-mails.