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King Five Inc.

King Five Inc. Sept. 1, 2004 – Apr. 11, 2005. $49.00. What have we sold?. $132.50. $255.00. $255.21. $1999.99. $4550.50. eBay Details. Over 50 items sold Perfect Feedback ( 35 ) Great seller.Buy with confidence.THANKS GUYS nice turntable.fast delivery.good ebayer.A+++

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King Five Inc.

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  1. King Five Inc. Sept. 1, 2004 – Apr. 11, 2005

  2. $49.00

  3. What have we sold? $132.50

  4. $255.00

  5. $255.21

  6. $1999.99

  7. $4550.50

  8. eBay Details • Over 50 items sold • Perfect Feedback (35 ) • Great seller.Buy with confidence.THANKS GUYS • nice turntable.fast delivery.good ebayer.A+++ • Nice pin. extremely helpful seller • Quick shipment, Recommended seller!!

  9. Who are our customers? • Customer Profiles • Career • (Entrepreneurs, CPA, Vectren) • Age • (College, Retired, and everywhere in between) • Internet Usage • Ranges from almost zero to everyday

  10. Where do we fit in? • Niche Markets • Real Estate, Cars • Items over 25 pounds • Speakers, Books • Graded Items • Pins, Baseball Cards

  11. So you can read it…

  12. Income • 2 Forms of Income • 15% of every sale • $49 pins = $15 • $132.50 PS2 = $19.88 • $1999.99 Speakers = $300 • $4550 Timeshare = $682.50 • Shipping • $2 - $5 made on every shipment • Purchased boxes at discount • Slight overestimates in shipping

  13. Who is in charge? • Bryan Hartman (CEO and CFO) • Pictures • Financials (Banking, Billing, Payments, etc.) • Shipping • Robert Schmidt (President) • Website • Item layouts • Split duties • Listing items and customer service

  14. What money did we need to get started? • $75 bought us • checks • A full tank of gas (Honda Civic) • One Internet Bill • A new mouse for the computer

  15. Marketing • Website registered… • www.kingfiveinc.com • New Layout … • Business Cards • 150 Passed out • Free Advertising • Evansville Courier and Press • HUGE BOOST IN CUSTOMERS!

  16. Incorporating ?!?!?!? • Contacted a lawyer to help through the process • Pluses • Good records of the company • Minuses • Fiscal Years, Gov’t policies • TIME!

  17. Time … is not our side • Bryan Hartman • 17 Hours of class at UE (All A’s and B’s) • 25 Hours of work at The UPS Store (Manager) • 17 (approx.) of Homework • Fraternity, Bike Race, and a girlfriend • Bobby Schmidt • 9 Hours of class at USI (Master’s – A’s and B’s) • 2 Books and 2 Papers to write per week • 30 Hours of work at The UPS Store

  18. What does all this mean? • Leisure vs. King Five Inc. • We have a full load currently • Our leisure time is used for friends and family, or King Five • This prevents more work from getting done

  19. Problems • Unpaid Items • Wasted Time – Listing Item and trying to collect money • Increased Stress, ups and downs • Higher $$$ Items • More stress • More communication • More attention to detail • Therefore MORE TIME REQUIRED!!!

  20. Streamlining the process • Auto-Thumbnail saves 5 - 10 minutes for every item • Assembly Line layout • Both people can list item • New pages not needed for every item • Boxes already purchased • Scale and printer are next… • Decreases Travel Time

  21. Where are we going? • This summer • Increased Free Time • Similar Schedules • More opportunities to brainstorm • Less Schoolwork

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