Capture Purchase Data

In the zeal to acquire and purchase merchandise, it's easy (and tempting) to throw all of the receipts and other documentation into a file folder or shoebox and deal with it when the need arises (usually April 14). Though this method might serve casual eBay sellers, as your eBay business volume increases, you will need a more systematic approach to documenting your purchases. The best time to do that is close to the time of purchase, when your memory is fresh and any paper trails are still close at hand. Whether your system is a notebook with lined columns, an Excel spreadsheet, or accounting or auction-management software, you have to dedicate the time to log the captured data.

Ebay Cash Insider

Ebay Cash Insider

I refined my information, added notes as things came up and took out old or outdated information. Each time I discovered a new little tip or trick as I was making money with EBay, I added that information. Today, I bring home anywhere from 500 to 2000 each week with EBay. Thats not too shabby for someone who was just a year ago afraid to even purchase something from the site.

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