The Lesson I Learned from Running an eBay and Amazon e-commerce Business
I learned not to scale a business too quickly
I had an e-commerce business on Amazon and eBay before my tutoring business. I haven’t used my eBay account in a long time, but I needed to sell my Microsoft Surface Pro 7 and my iPad 8th generation because I just purchased a MacBook Air.
After being away from eBay for many years, I didn’t realize they had removed the PayPal payment feature. I had to register as a sole proprietor business account again and link a checking account.
There are several places I used to sell laptops, phones, and electronic devices when I ran an e-commerce business. The two main online markets I listed my products were Amazon Seller account and eBay. The third was the last resort, Craigslist.
I had no problems with eBay or Amazon Seller through Fulfillment by Amazon (FBA); however, both brought up memories of feast or famine. There is one big mistake I will never forget with running an e-commerce business. I scaled my business so quickly that I could never recover when the company took a downturn. I closed my business; it would take over a decade to pay off the loans and credit cards I used for my business.
Thankfully, there are no large overhead costs with a writing business.
Running a business is risky, but the rewards of feeling successful for running a company for a short time felt awesome.
If I had to do it over again, I’d take the risk and rerun an e-commerce business. However, I probably wouldn’t scale it as fast as I did many years ago.