Corey Kossack is the 23 year old founder of profitbuildersoftware.com has sold over $1 million in eBay products in less than two years and now has written a book to help others do the same.
Corey’s book, “eBay Millionaire or Bust: Hidden Strategies That Maximize Profits and Create Wealth,” looks at the $4 billion a year eBay marketplace that has 1.3 million sellers and gives practical advice to succeed online.
It all started when Corey was in university and was looking for a memory disk for his girlfriend’s digital camera. “I had always thought of eBay as the online yard sale, a place where people got rid of their junk. Then, I spotted someone selling hundreds of memory cards and I suddenly realized eBay was a perfect place to conduct a business.”
Corey decided to get in on the game by selling DVDs online through eBay. He took $1,000 from his bank account in January 2005 to get started and sold over 500,000 DVDs by the end of the year. His title list began at 1,000 then moved to 10,000 and now he has incorporated video games and iPod accessories into his product mix. “Some of our most popular TV shows were ‘M.A.S.H.’, ‘Sex and the City, and “Schoolhouse Rock”.”
His advice for would-be eBay entrepreneurs? “Focus on profits, not the number of sales. I don’t want to become the biggest seller on eBay. But I want to continue increasing our profit margin. That’s the secret.”
Evan Carmichael
