Posted by Christine as Entrepreneurship
When I mention I am a stay at home mom who sells books online, people’s ears perk up. I bet they would perk up even more if I told them I am going to do over $70,000 this year working 3-4 hours a day. Some things are better left unsaid – that kind of information is better spread by gossip. I could causally mention it when asking a neighbor if they know a good accountant. It’s fun to brag, but one needs to be careful.
Exactly one year after I had my first son I was aching to fill a gap in my life. That gap was selling books. I had managed a bookstore for the previous 12 years. I was ready to give it all up to be a full-time stay at home mom. I started to get the itch after a few months, but at the one-year mark, I was going crazy.
So I …
It took a week and about 500 bucks and I was in business! I was able to pay the $500.00 back in 2 months. Since the initial $500.00 investment I have never gone into debt. After that, I just kept on ordering and kept on selling. The books crept out of the space I had set aside into more common areas of the house. It was obvious that if I wanted to keep expanding the business we were going to need more room. 2 years into the business we bought a bigger house and had another baby boy. Now I have 500 square feet set aside set up with industrial steel shelving. That space is quickly filling up.
If you think I’m going to tell you who my wholesalers are, forget it. No one making a good income selling online is going to hand over a list of their wholesalers, so don’t ask. The bookselling business is insanely competitive. My wholesalers sell online to the public; competition can’t get much tougher than that. I’m convinced that I can reach $150,000 or more per year without sacrificing my customer service and small business feel. I am constantly trying to figure out how to get technology to become my surrogate employees.
To find out more about how you can start your own internet based business check out Skip McGrath’s site.