It started out like an amazing home business success story, a full time worker attending night school wanted to make extra money on ebay. Moral of the story… unless you’re selling electrons or cd’s you make yourself, control your acquisition costs, starting price and/or reserve!
He did… and became a power seller… but then it all imploded.
From Ina Steiner…
Sell2All founder Brandon Dupsky began selling on eBay in 1998 while working full-time in supply-chain management and attending night school to get his MBA at the University of Nebraska. In 2000, he launched Sell2All and expanded to other marketplaces, including Half.com, Amazon.com, and Overstock.com’s auction site.
In April 2004, Sell2All launched a drop-off store called DropPro, and 2 months later launched a seller tool for eBayers called AuctionRemote.com. The company was profiled in Amy Joyner’s 2005 book, “The eBay Millionaire: Titanium PowerSeller Secrets for Building a Big Online Business.” In it, Dupsky said he managed the risks of selling on eBay by acquiring merchandise in three distinct ways - buying directly from manufacturers and distributors; in partnership with drop shippers; and on a consignment basis.
By all accounts, Sell2All was an eBay success story. In 2003, Sell2All received the Fastest Growing Company award from the Lincoln Chamber Of Commerce, and founder Brandon Dupsky sat on the Board of Directors of PESA (Professional eBay Sellers Alliance), a group of top eBay PowerSellers. Dupsky also co-wrote “Insider Secrets of an eBay Millionaire,” an ebook published by the Internet Marketing Center.
ChannelAdvisor Scot Wingo was familiar with Sell2All’s business and said Tuesday he was “very sad to see this happen to a very nice guy,” referring to Dupsky. Wingo, who wrote a book called “eBay Strategies,” said he cautions sellers against the “eBay death spiral.” He said this involves an age-old cash flow problem/cycle that typically, but not always, occurs with sellers who rely on low starting price auctions with no reserve. “If you run your business with more fixed-price options and with a multi-channel focus, you know what you’re items are going to sell for.”
No comments yet.