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<p>[QUOTE=&quot;josh&#039;s coins, post: 2488919, member: 51487&quot;]Here are some pros and cons I came up with for eBay &amp; an online storefront</p><p><br /></p><p><b><u>Pros</u></b></p><p><b><u><br /></u></b></p><ul> <li>eBay is the largest marketplace for coins</li> <li>You don&#039;t have to invest much if any money into marketing</li> <li>eBay gives you deals on shipping charges</li> <li>becoming a top rated seller and/or powerseller decreases fees and increases profit margin</li> </ul><p><b><u>Cons</u></b></p><p><b><u><br /></u></b></p><ul> <li>an eBay store is taken as serious as a business with a storefront (B&amp;M or online)</li> <li>PayPal can permanently limit your account without providing a reason and hold your PayPal balance for 180 days</li> <li>eBay is constantly increasing their fees as of this post they recently raised the price of a store subscription</li> <li>Some customers may jump right to the resolution center without contacting you first which may result in extra stress and/or anxiety on you.</li> <li>There are some customers who are actually competitors who will buy from you then leave you negative feedback. Too much of this, especially for a newer seller will result in eBay banning you</li> </ul><p>Online Storefront</p><p><br /></p><p><b><u>Pros</u></b></p><p><b><u><br /></u></b></p><ul> <li>you control everything (design of website,how you get paid,shipping etc...)</li> <li>You can build a brand and become a reputable source in the industry</li> <li>people can write meaningful detailed reviews instead of the typical A+++ eBay seller feedback you get.</li> <li>you can lower your payment fees if you go with a merchant account instead of paypal</li> </ul><p><u><b>Cons</b></u></p><p><br /></p><ul> <li>you have to invest a significant amount in Marketing ideally in the form of a monthly budget for ads on various services</li> <li>Things may get more complicated for you if eBay isn&#039;t there to help with the resolution center</li> <li>You will need to hire a lawyer to help you file a corporation or LLC in your state or states of business as well as write your privacy policy,terms of service etc... and it is not going to be cheap but luckily a one time expense (usually)</li> <li>in order to keep our business afloat and promote growth you may need to make your company levered. Failure of proper management of finances will result in company bankruptcy</li> <li>As you expand your storefront you&#039;ll need to hire people. You&#039;ll need to learn how to hire the right people for the job and then learn how to manage/lead them</li> <li>When hiring employees you need to learn about their rights and other laws you&#039;re bound to such as affirmative action worker&#039;s compensation. You will also need an EIN, register with the department of labour, verify your employee is a U.S citizen, obtain worker&#039;s compensation insurance,file additional tax forms for your business, and create an employee handbook</li> </ul><p><br /></p><p>There you have it. I just saved you years of research and experience in running a business.[/QUOTE]</p><p><br /></p>

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