Currently, you can find millions of things to buy on eBay. From clothing to cologne, it seems anyone can sell almost anything. But listing an item for sale is just the first step in starting a successful business as a seller. 
Recently,
 one of our buyers asked for some tips on how he could start his own 
store, and we thought the information might be interesting to others:
  
Nik and I started selling stamps about 12+ years ago as a
 hobby.  Nik had collected since he was a kid.  We started out selling 
some of his duplicates to pay for the stamps he wanted to purchase.  
Then we started buying small accumulations to break down and sell.
|  | 
| Nik and Lisa Oquist, Owners - OquistStamps | 
It
 was a part time thing – One group of listings a week closing on 
Sundays.  We slowly added a few more listings here and there, but it was
 always just a part time hobby.
We
 moved to Maryland and it was put on the shelf for a few years until an 
old friend from Nashville asked us to sell his collection for him. Then
 one of our customers asked about consignment and we took on his 
collection – It took about 18 months to sell.  
At this point we were 
listing about 4-5 days a week.  And it just grew.  With the consignment 
monies, we were able to purchase more collections to break down and 
sell.  So for the past 4 years we have been selling stamps full time.  
It is a lot of work, but we wouldn’t trade it for anything.  
Creating
 a business / career out of selling stamps was not our intent, but with 
the growth we experienced, it seemed like the right thing to do.   We 
now list about 100 auctions a day and maintain about 400-500 fixed price 
listings.  
I am happy to share what works for us:
  
It's Only Worth What Someone Will Pay for It
One
 thing we have done is trained our thought process regarding value.  
You
 can have a stamp worth $1000, but if no one is going to pay that for 
it, is it really worth $1000?   A good way to look at things is to take 
what you pay for a collection and then determine what a stamp cost you. 
 If you paid $10 for a stamp worth $100 and you sell it for $25, you 
have more than doubled your money.  I admit sometimes this isn’t easy, 
but keeping cost v.s value in mind helps.
Determine Your Minimum
Find
 a starting point for your auctions – we start all of our auctions at a 
penny.  This is difficult for many sellers to do, but we have found it 
works for us.  The important thing is that you have to be comfortable 
with whatever starting price you pick, as there is a chance your item 
will sell for that.   If you are uncomfortable with letting the market 
set the price, try out some fixed price items first. 
Provide Amazing Customer Service 
- Describe your items accurately.   If there are any faults – describe them.
- Provide good images – we scan at 600dpi for single stamps, 300 dpi for sets, 1200 dpi for special items.
- Label your items.  This helps both you and the buyer identify the item.
- Take time to package your items with care. 
- Communicate promptly.
- Keep fees reasonable. I find most people do not complain about the shipping charge ($2) when they see that the label cost me $1.93. 
Know Your Costs
Do
 a cost analysis to see if achieving top rated status is financially 
beneficial.  With part time sellers it may not be as the fees may be 
more than the discount received.  
If
 you are using postage for shipping instead of labels, look for 
discounted postage lots.  We get ours at a discount off face value, 
which helps keep shipping cost down a bit.
Always Be Improving
Be
 willing to adjust your business model.  We are continually looking at 
the way we do things and making adjustments as needed so things run more
 smoothly.
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Get 5 more great tips from Christina DesMarais with Inc.com HERE! Good luck getting your business started!    
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