Anyone make money out of ebay?

  • Posted by a hidden member.
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    Nov 19, 2008 1:00 AM GMT
    Is making money out of ebay actually possible?

    Tell all!


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  • luvs2travel

    Posts: 94

    Nov 19, 2008 2:00 AM GMT
    ebay is a great way to make money if you are ebay. I would suggest, as a seasoned seller, to avoid ebay whenever possible.
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    Nov 19, 2008 2:09 AM GMT
    Friends of mine, a married couple who used to own a company I worked for, are making serious money selling on ebay. However, they have to work like horses to do it.
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    Nov 19, 2008 2:17 AM GMT
    Ok so this definitely would be an illegal thing to do...but in high school I worked at a certain place that paid me minimum wage. I worked my ass off for the place to get some petty pay checks, so I started buying stuff using my employee discount and selling it on ebay for cheaper than what ppl could but it for in the store. So I made myself some pretty good money before I left for college. I definitely wouldn't do that again, but I got pissed after I realized how little I was being paid in comparison to other ppl in the store.
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    Nov 19, 2008 2:21 AM GMT
    Your success with eBay depends on what kinds of goods you are bringing to the market and when. My dealings on eBay consisted mostly of offroad vehicles, sportbikes, parts and accessories for the aforementioned. I would always buy jetskis, waverunners and other powersports equipment when the cold weather settled in and people just wanted to get rid of the things for whatever they could get for them. Then over the course of the winter I'd repair or upgrade the machinery, have a bit of fun with them and then sell the machines I didn't want when the weather started to warm up again.

    I'd buy stuff all over the country and my friends and I would venture out on road trips mixing business with pleasure.

    Pros about ebay:

    It is a well regulated marketplace and there are policies in place to make sure business is conducted in a fair manner.

    You have the ability to monitor the item you are selling and can forecast what kind of earning you will have at the end of the week provided everything goes according to plan.

    The exchange of goods and payments are facilitated by paypal, built in shipping calculators and a host of other utilities.

    Cons:

    Deadbeat bidders. They are especially bothersome if you are in need of cash fast because you will have to relist your item and wait for that auction to end.

    Listing Fees will still be charged to you if an item doesn't sell. Listing fees can eat away at your profitability if you have to relist an item with low profit margins repeatedly. This is why I love sites like Craigslist. Craigslist doesn't charge you to list anything and you can work out deals and terms with individuals locally.


    If you're careful in your dealings on eBay you stand a chance at making a good amount of money . Success there like anything else depends on how much effort you put into your dealings there and how you manage your time.
  • Posted by a hidden member.
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    Nov 19, 2008 5:23 AM GMT
    eBay can be a great way to sell and make a little cash or recoup your investment on something you don't need. I'm not interested in making a business of it, but it's worked out well for me - in NYC it is not possible to have a garage sale!!

    If you want to do it more as a business, you need a source for whatever you are selling, and you need an item people want.

    For instance, if there is a product in your area that isn't available elsewhere. If you're in the US and have something Europeans want, you might do well.

    The best thing to do is shop eBay to find out what's up. Anything you think you might sell, check it out - find out what kind of competition there is, what kind of market there is. Then figure out if you can handle the hassle.

    One thing I don't bother to sell is anything where the packing is a pain!
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    Nov 19, 2008 5:25 AM GMT
    Also, ditto mech82! Good summation.
  • MikemikeMike

    Posts: 6932

    Nov 19, 2008 5:28 AM GMT
    cowboyo saideBay can be a great way to sell and make a little cash or recoup your investment on something you don't need. I'm not interested in making a business of it, but it's worked out well for me - in NYC it is not possible to have a garage sale!!

    If you want to do it more as a business, you need a source for whatever you are selling, and you need an item people want.

    For instance, if there is a product in your area that isn't available elsewhere. If you're in the US and have something Europeans want, you might do well.

    The best thing to do is shop eBay to find out what's up. Anything you think you might sell, check it out - find out what kind of competition there is, what kind of market there is. Then figure out if you can handle the hassle.

    One thing I don't bother to sell is anything where the packing is a pain!


    Agreed for the most part. I have a seperate shipping company do the pack and delivery part. Time=money and mine is too valuable to do it myself. If you are a top power seller E-bay is very very kind to you. If you do it, do it right or not at all. That is how I was raised.
  • Posted by a hidden member.
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    Nov 19, 2008 8:34 AM GMT
    Always. Buy responsibly. L.V. has 12 boutiques. Have them ship one of each limited edition to you. Sell. you doubled or tripled your money right away. go out and buy two CHANEL's or pay your rent.
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    Nov 19, 2008 3:42 PM GMT
    What's your product, Mike?


    As with any "retail" selling, if you go into it as a business or sideline, the margin counts for a lot - as well, of course, as your "hourly wage" by the time the sale is finished.

    BTW, with the continuing low dollar, I do recommend selling internationally if your product works. I sold a few dozen jazz lps a few years ago (they must be perfect) and every one went to Japan or Germany. Big prices, high shipping is just a part of the sale to collectors and dealers.

    Then got into re-selling very high end sunglasses (not overpriced "designer" labels, but classic optical companies) and sold about 1/3 of them to Europe, Australia, etc. This was completely predicated on buying them at a "fire-sale price", plus the low dollar exchange.

    In that case, the ease of shipping a small, lightweight item for a margin averaging about 75% was well worth the effort. But it is still work! Just doing the listings well takes time.
  • MikemikeMike

    Posts: 6932

    Nov 20, 2008 11:49 PM GMT
    A partner and I sell alot of ASOTV items to regular established power sellers.
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    Nov 25, 2008 2:12 PM GMT
    Well, I tried selling all my household tat... and it's not been very successful.

    Second hand novels are impossible to sell. Not because there is no demand, but because there is massive over supply.

    DVDs do better.

    Anything 'odd' sells well. Like I had a book on 'forensic linguistics (legal language in the legal system) and that went like a shot.
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    Nov 25, 2008 11:41 PM GMT
    You got it, Lost - over supply, as everywhere, will kill the price. for this reason, dont despair if you don't find anyone selling the thing you have - or any that have sold in the recent past. You could have something really rare! (You do know to search "completed items" for recent selling prices?)

    It's a bit of an adventure at first, you learn as you go.
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    Nov 27, 2008 12:52 PM GMT
    Thanks for the completed listings tip! That's a real help.

    A couple of other things I noticed, do you agree?

    1) Most people overprice...
    2) Most items don't sell...

    I think it's because the mail cost is pretty much your problem. It's easy to think 'I'm letting this go cheap here', when, in fact, if you add the mail price on, they could get it cheaper on the high street.

    Cheers!

    p.s. it's lots of fun!
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    Dec 01, 2008 4:13 AM GMT
    I don't know, Lost - I would guess most items do sell. At any rate millions upon millions sell.

    I don't know how many I've sold total in 6 or 7 years of being a "now and then" seller. But my positive feedback is 646 (100% positive) and I'd say only about half the buyers leave feedback - then again, a lot of my old feedback was as a buyer myself.

    I think my selling benefited from a number of years of buying - I had my own sense of what a buyer wants to see in a listing. One bit of advice, include all the information a buyer needs - you don't want to spend all your time answering queries about the item, shipping etc.

    Also, as the eBay tutors will tell you, an auction with a smaller opening bid will get the action started sooner.

    Another tip, if you see a lot of items exactly like yours and you don't have to list it right away, wait them out ... OR if they are pricing higher than you need to get, set yours up at a low start price and watch the bidding. I have frequently seen people bid my item far beyond the BuyItNow price I began with. Anything can happen.

    Start at a manageable place for you, see how it goes.
  • Posted by a hidden member.
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    Dec 06, 2008 12:35 AM GMT
    Thanks for all the advice, I've made £40 so far. I won't be giving up my day job...
  • Posted by a hidden member.
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    Dec 06, 2008 12:41 AM GMT
    They say one mans trash is another mans treasure. Ebay seems to find you those treasure hunters.

    Depends on what your selling but you can reach many more people with Ebay who might absolutely want what you've got. Better than craigslist IMO. When I sold my Insight I only got lowball offers selling locally but get well over KBB on Ebay.
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    Dec 06, 2008 3:26 AM GMT
    Here's where eBay does what no one else does:

    I'm looking for a Sharper Image Sound Soother (alarm clock with white noise/ambient sounds). Sharper Image, out of business; and it's an old model. I'm on my 2nd (bought on eBay, also after this model was discontinued, for about $40 new, against the retail of $65 or so for the first one I had.) Now I want one for my sister. One was up this week, sold for $150 (new old stock) and not to me! Now I know that I'm not the only one who thinks this is a great item.

    Discontinued merchandise can be a dog to sell, or it can be a gem ... but eBay is a great place to find the hard-to-get items you just have to have.
  • DiverScience

    Posts: 1426

    Dec 06, 2008 3:35 AM GMT
    Got a friend who put himself through college with it.

    Most people don't seem to do that well.

    Me, I buy some things off it, but I don't sell using it. I'm actually about to switch to selling completely off my own site, but I don't do auction sort of stuff.
  • Posted by a hidden member.
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    Dec 06, 2008 3:51 AM GMT
    I used to make a little money, buying old lab equipment at government auctions, cleaning it up, and selling it on-line. That was usually on LabX, more of a specialty site that predates Ebay. But back then, my competition was junk dealers who just bought the stuff by the pallet-load as scrap, for the value of the metal that was in it. I got the stuff practically free. Now the government surplus offices tend to list items individually, on-line, themselves. That little niche has disappeared.
  • JayneCobb

    Posts: 709

    Dec 06, 2008 3:54 AM GMT
    My mom uses Ebay all the time. She just goes to garage sales and sells the useless shit she finds. icon_rolleyes.gif
  • jgymnast733

    Posts: 1783

    Feb 06, 2010 5:01 AM GMT
    A few years ago i went to the plaza hotel sale and went crazy buying stuff, i'v sold a few things on Ebay..i.e. Bone china[with the plaza crest] and some large silver trays.. I made some good money selling those items but my buddy tells me '' if you really wanna make some money sell one of those chandeliers'', even though it's too big for my apartment i just cant part with it, i hope she doesnt fall from the ceiling one day but she's so beautiful.icon_exclaim.gif
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    Feb 07, 2010 12:06 AM GMT
    You can make better money on cam4.com with a paypal link.
  • Sparkycat

    Posts: 1064

    Feb 10, 2010 6:16 AM GMT
    Yes! I sell antiques, art glass, art pottery, art, vintage anything. I've done well. I buy inventory mostly at auctions and estate sales. Of course, I've invested countless hours reading reference books, going to sales, studying other seller's auctions, etc. to educate myself. So, after 12,000 or so auctions I've pretty much got the hang of it.
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    Feb 10, 2010 6:48 AM GMT
    i used to sell basketball jerseys, basketball fitted-caps, Nike AF1 (rare import kinds from Asia) and made a big chunk of money ($4000 ish) off of ebay but it soon ended because i couldnt get more goods from afar regularly enough.