You will want to list it around 3PM or 10PM EST time. You’ve got your newbies or amateur resellers, who sell a few items at a fixed price, and then you have PowerSellers. The pros are that it is super simple to sell on eBay. If done well, you will get more money for your coins on eBay than if you sell them at the local coin store or coin show. Otherwise, it's easy to get frustrated and throw in the towel. Glen says he bought these Air Jordan shoes for $49.99 at Ross and sold them for $350 on eBay. I did have a full time job. Expect the buyer to want the truck checked out by a qualified mechanic/body man, etc. Spend the 2nd half of each day posting or working on larger projects like improving a system. If so, would you have any tips on trying it? So not an IPhone, but maybe a Droid X. Ok, now search for the item. I wanted to get into buying shoes from Marshall’s then reselling them for half their retail price. I am not sure if it is something that I am doing better, the overall rate on ebay is dropping, or if people are just targeting me less as I get higher and higher feedback. Creating an accurate and quality eBay listing for your coins is essential in order to build a good reputation and realize top-dollar for your coins. We know Amazon isn’t quite the same as eBay. It’s very straightforward and quick. TL;DR: A PayPal buyer did a 6 month INAD damaged item return/double refund chargeback scam on me and I found a way to dispute and recover a friends and family refund payment.Please bear with me- I need to get this off my chest. The top selling item on eBay last year was consumer tech from big-brand names with one selling every 14 seconds. Any times where its obviously not your fault but you bite the bullet for ebay reputation? Selling on eBay isn’t passive income or a way to get rich quickly. Can I have some tips on reselling like what sizes should I go for. So to be a little competitive I do a Buy it Now with free shipping for $125. Not an LLC, if I thought it was plausible that I could get sued I would consider it. The niche is a field of consumer products with mostly practical applications, but it does have significant number of collectors as well. Add in the PayPal fee and it’s almost 20% to sell on Fleabay" With eBay's managed payment system now I am at between 12% - 13%, I was at 14.5% with PayPal involved. In addition storage auctions are often a waste of time, because as you said if it is a bad day there will be random idiots there looking to waste money. I started with $100, already spent it all on about $300-$500 worth of profit for resale, problem is just waiting for stuff to sell, and getting paid. When I was buying a few a week, my main strategy was the whole bid on what you can see and your profits are in what is hidden. -- https://gum.co/TMuDvNeed some accountability? Best Items to Resell for Profit. It doesn’t give you a grand total for everything combined, but it makes it easier for me at least at this time to keep track. College is so full of waiting, with your laptop in front of you I hustle on eBay instead of being facedown on facebook. Excel sheet modeling and crap like that. I have used amazon, craigslist, consignment, and flea markets to sell in the past but I now focus primarily on ebay, hence my crappy user name. Vehicle transport is very common, and the buyer pays for it. You can make a ton of money doing this, it's pretty much all I've been doing as my main job for the last 13 years (since 1998) so I have more tips etc, if your actually trying to do it or have any questions. Be sure that you use a good mix of the most popular related keywords. Press question mark to learn the rest of the keyboard shortcuts. On the bright side, if you do sell on eBay as a business you can deduct a number of business expenses, including the cost of inventory, listing fees, shipping, envelopes, packing materials, etc. yes valid point. Theory being, you never lose money like that, you can only ever push. If you set up an account with the intention of flipping items and selling them for higher than you paid, skip this and go to the next section; if, however, it’s just a happy accident when you get more than you paid, simply report the difference on a Schedule D as capital gains. The item is now yours and you can do with it as you want. ** The retail price reflects the Manufacturer's Suggested Retail Price (MSRP). The RTX 3080 is already sold out everywhere, and as soon as something sells out people like to then resell it, which means there are plenty of auctions on Ebay. Also, do you think I’m better off trying to sell on eBay or an app such as Mercari? However, the deal usually ends up being a scam. I use it to buy all of my priority mail, and that is like ~25k a year for me. The niche is a field of consumer products with mostly practical applications, but it does have significant number of collectors as well. Secondarily I would try and typecast the previous tenant. When you're selling on eBay, you might sometimes need to get in touch with a buyer. Thank you! With eBay's managed payment system, PayPal is no longer in the seller's loop. Whether you're interested in selling shoes on eBay as a side hustle or as your full-time job, you need a plan to make money from your efforts. The only real exception is selling used books. (You can run fixed-price listings on eBay too, though they tend to be a harder sell as eBay shoppers are looking for major bargains!) You mention storage auctions. You can also check out what’s currently trending on eBay - opens in new window or tab. What you do to be profitable part time is probably not going to scale up with you full time, expect to have to move into different models to find enough volume. A place to discuss tactics and success stories of buying things for a low price and selling them for a higher one. Most people associate reselling with eBay and Amazon, but it’s also worth considering other marketplaces like Facebook Marketplace, Craigslist, Etsy, and local flea markets. Selling for higher than you paid might come up fairly often on eBay, since it’s bidding-based. Should I keep reinvesting my profits until I have a large bankroll? I was out of work for a ~1month due to an illness and sold half the crap I owned on ebay. Selling a vehicle on eBay is considered to be sort of an introduction of a potential buyer to a potential seller. I usually feel like I can learn a lesson that lowers the risk of it in the future and I am better off spending my time selling something else. If someone gets something and says it is damaged, it is possible that I made a mistake or it got damaged in transit. Bulk buying and selling on eBay. Not counting the time it takes to pose the items and photograph them, I would estimate <20sec per listing if I am trying. However, personally I find the risk not worth it. My girlfriend didn’t think selling on eBay was worth it anymore, which is why she closed down her little eBay business right around 2011.. She used to sell clothes and shoes on eBay a few years back.. She would buy stuff from wholesalers, then sell them individually. Here are seven of my best tips for starting your own eBay reselling business… 1. Say someone has 500 pieces of clothing, nothing is separated into sizes, you break up the lot, sell it by size and make a lot of money. Selling your things on eBay can be a big money earner, even if what you're selling doesn't seem worth it. We haul a** around town looking for signs for sales, get them from the local newspaper, and craigslist. Also this is dumb, but it kinda pays for itself in a more direct fashion. You just need an item to sell and a way to ship it and you can make money. Really it is hard for me to tell when I am getting scammed. * The trending price is calculated based on historical sale prices for items sold in USD on eBay.com over the past 60 days (excluding shipping and handling costs). Hey guys I’m not entirely new to eBay just from a selling aspect. Not a single day goes by where I dont find at least $80-$200 in profits worth of items that I buy for cheap and resell on eBay. At this point I have so many templates and past examples, that each new listing is just a derivative of something I have done in the past. Life shrinks or expands in proportion to one’s courage. Then set the price you would be willing to buy it at, go find the auctions that are ending in the next 48 or so hours as auctions that have a low price. Lalaloopsy's are fairly new, so they could fade out in time, but the LPS have been selling since the 1990's, and well I might add. I have paid $21.50 to sell this item. How often do you have to issue refunds? You’re now liable to the person you sold it to. The price you end up paying is almost certainly the market price, so there's no margin for profit. You get national exposure in exchange for a small sum. On December 2nd, eBay user tabali_tigi set up an auction called “NVIDIA GEFORCE RTX 3060-TI FOUNDERS EDITION-img.” At … By Riley July 31, 2014 September 29, 2020. eBay can be a tempting option for someone looking to sell their car. In the summer of 2012, he says he bought two huge Disney statues at a garage sale for $20 each and sold them for $3,000 on eBay. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. share. I was happy with something I decided to do on a whim while clearing space on the bookshelf for a few novels I wanted to read. While I’m not a full-time seller (I am a stay-at-home mom), I have been able to make a steady, reliable income from reselling (mostly) clothes. New comments cannot be posted and votes cannot be cast, /r/Ebay Selling on eBay is a Great Way to Fund Your Investments. In the battle of humans vs. internet bots, the latter usually emerges victorious. 0. Atypically I will spend a day sourcing, this is usually on the weekends. Once the item sells, just pay for it and have the previous seller ship the item to your customer. I imagine it's rare to make a profit on much else though. Then use the site Gixen.com to set up snipes. I’m not new to selling on eBay, and yet the fees can be … Here are nine steps to getting started and making a living on eBay. Drive to my destination, meet with one of my sources. Now, that may sound silly because it’s such a basic concept. But, I was checking out ebay and was wondering would it better to sell products on ebay than your own website. 12 Items That Sell on eBay, Craigslist and Facebook Marketplace You can sell almost anything online, but products in these categories are especially in demand right now. For the most part, Amazon is the better marketplace for vendors looking to sell second-hand books (which makes sense, considering Amazon began as an online bookstore). how can I sell sex toys on Ebay UK candysiu2013. If you buy a tech item quite cheap to sell on, then it could be reported lost or stolen by the original buyer and shut down. Establish a base price or what you can sell the item or. Less then 1 in 100 items that I send out actually get returned to me. It costs something like $20 a month. I've heard people complain that prices have went up after all the storage wars type shows. I spent a lot more time thinking about the business side of it then the practical every day aspects of it. Car phone holders enable you to use your phone while driving, whether for taking or making calls and even for GPS purposes. Something like 2.5% refund rate, but most of those are just cancelled orders or address changes and occur before I even ship the item out. Like any business, you need to research, plan and then implement and evaluate your plan. It's true what they say: the bigger your graphics card, the bigger your desire is to have a really massive wiener. I have been a flipping items for profit and selling on eBay for over 20 years now, and had never kept track of what I made. That comes out to be 58705. Typical for me to spend between $1400-$3500 a day sourcing, and that ideally lasts me 7 to 14 days. Not major but that for me is another $50 or so a year. There are a lot of people out there that sell on eBay as their main source of income. Mark as New; Bookmark; Subscribe; Mute; Subscribe to RSS Feed; Highlight; Print; Email to a Friend; Report Inappropriate Content ‎12-07-2016 3:39 AM 0 Helpful Share. Fees And Postage Quickly Adds Up. There is some gray area between the two, depending on how far you want to try and stretch the concept of an "occasional" seller. Among the differences are the number of free listing you get per month and the add-on fees you'll pay. Also it incorrectly calculates the price of regional rate A and B boxes, and charges 5cents less then what it should. There is no need to contact the previous seller as many on here buy low and resell. (Image credit: eBay) Let’s list an example. It was priced around $8.00. Instead of it going directly off of my paypal, it charges to a credit card, where I get 2% cashback. No offense, but listing revenue / sales doesn't mean much of anything. Pros of Selling on Mercari Easy to list. Don't be fooled by the online aspect of each sale. It has mostly been a hobby that makes some extra cash, but sometimes it serves as my main income as well. I paid off my debt, and then was saving $750/month for a couple of years. Final value fees apply to Classified Ad listings in the Services category and are a fixed fee instead of a percentage of the item price. LandscapeToEat 2015-11-27 00:59:39 UTC #2 I cannot speak for any one else, but I am definitely here to sell for profit… Mercari fees are low. The IRS tries to make a clear distinction between individuals who sell on eBay only occasionally and hobbyists who sell on eBay more regularly. I find it hard to trust my memory when I am shipping out many used items a day, and most of the items are related. Amazon. It’s a flat 10% fee on all sales which is great compared to some other platforms that are higher or fluctuating. Though I’m not ready to pack in my job and go into reselling full time just yet, we have made a nice little income that despite not really actively sourcing or listing stock since the baby was born, has continued to tick over and bring in a few … How did you build up your bankroll in the begining to get to where you are now? Selling Digital Goods on eBay . I recently purchased some sphagnum moss on eBay. save. To find items for sale in large quantities, search for terms like “bulk,” “job lot,” or “wholesale.” You can research how much they usually sell for as single items to see whether they’re a worthwhile investment. But even with these advantages, it takes more than posting a few auctions to make a steady income from eBay. My strategy now is to avoid them, making a consistant profit was more difficult for me with that then it was with buying a product that you can fully inspect beforehand. Before we get to the best things to sell on eBay, did you know there are countless “resellers” who make a living (even full-time income) from reselling (flipping) pre-owned, used items? This highly efficient process took a lot of time to develop, I started just buying stuff from thift shops and from other resellers. Still somewhat new at this, I used to sell on eBay but its a bit tougher getting started on here. In the Real Estate and Services categories, you can list using our Classified Ad format. I did not grow organically. We have prearranged pricing. So my net profit would be 66237. A profit % of ~38.4%. After packging (tape, boxes, protective rapping) $5.00 . Rob Stephenson [email protected] I grew up in Central Florida and have lived here my whole life. Help for sellers and buyers! 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