We are delighted to start the year off with an excellent interview with John from the UK. John is a veteran eBay seller with 15 years experience selling products online, including his own website. He’s currently getting a $9,000 small business loan funded on Bitbond, which is available for only a few more days.
Hi John, thank you very much for taking the time to talk to us. Could you start by telling our readers about your business?
My business is dedicated to selling rare antique prints of plants and birds, all original hand colored from the 16th to 20th Century. All sales are online, many but not all are through eBay. My eBay I.D is audubon_uk, I have over 11510 positive feedback, no negatives in 15 1/2 years and over 62,000 individual sales completed.
It is run buy me alone from home to reduce costs and I work by myself. Sales are in excess of $50,000 per year and the profit margin is quite acceptable. My business has never had one negative feedback, a 15 1/2 year unblemished eBay career. My investors would receive the same treatment. A satisfactory return on their investment.
I was in IT for over 15 years but decided that a career change was needed. I had been collecting antique prints for over 15 years and in 2001 I started to sell a few of my collection on eBay – the results were good and profitable, and so I continued using eBay and continue to do so, but also with privately negotiated online sales (Existing clients).
What do you hope to achieve with your loan and why did you choose Bitbond over a bank?
I chose Bitbond over a bank because banks in the UK are not friends of the self-employed. They do not want to lend, and certainly don’t understand the online sales market, less so in antique prints. Therefore Bitbond seemed an obvious alternative to try.
My loan (If successful) will help to augment stock purchase (I purchase from auction houses) – so the better quality stock that I acquire and sell will in turn augment my eBay and private online sales. Currently I sell considerably in excess of $50,000 per year online at healthy profit – my sales cash flow can withstand the monthly repayments as things stand. The augmented capital will create an uplift in sales that will cover repayment with ease.
What is your favorite feature on Bitbond? What features do you think are missing?
Too soon to comment on this, I have been a member for less than a week. Maybe the FAQ could be broader?
What would you want potential investors to know about your loan?
My loan will be used to fund additional purchases to augment sales and profitability. I buy form auction houses and sell to the public. Increasing my cash flow would produce a significant upturn in sales.
What do you think the future holds for bitcoin? Is it the modern-day equivalent of the internet or will it fall flat on its face?
People said Amazon would fail, look where it is now. All new ideas take time to be either embraced or rejected, on the balance of probability, and with continually increasing global uncertainty Bitcoin offers an alternative to gold and other precious metals.
I do not accept it at the moment because neither eBay nor PayPal accept it. The moment that my sales platform accepts it. I will.
Thank you for an excellent interview John!
Readers who want to help fund John’s small business loan can do so for only a few more days. If you are looking for a loan yourself, head over to our borrower application to get approved in 15 minutes.
Thanks for reading and see you on the platform.