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Subject:
E-Bay Making a Living
Category: Business and Money > eCommerce Asked by: jamiedolan-ga List Price: $15.00 |
Posted:
19 Sep 2002 07:39 PDT
Expires: 19 Oct 2002 07:39 PDT Question ID: 66824 |
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There is no answer at this time. |
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Subject:
Re: E-Bay Making a Living
From: websearcher-ga on 19 Sep 2002 07:44 PDT |
hi jamiedolan: Good question. I'm just trying to make a living on Google Answers!! ;-) ;-) Good luck in your quest. websearcher-ga |
Subject:
Re: E-Bay Making a Living
From: tehuti-ga on 19 Sep 2002 07:58 PDT |
Hi, I sell on ebay - under a different id! :) - however, since I do lots of other things as well, I have never attempted to make this more than a part time activity. My profit margins range from 20-500% and while I've had some narrow escapes I have never actually lost money on any single batch of stock I have purchased. I started small, first selling things I didn't need any more at home. This taught me how ebay works at very little risk. Gradually, I expanded by searching out wholesale suppliers of the things I wanted to sell. Some wholesalers have quite small minimum order requirements. If you are in the US, I have the impression you need to show some paperwork to prove you are a trader. Here in the UK, I simply tell them I'm a trader and no further questions are asked. I think it is important to sell things about which you have some interest and knowledge. Don't stick to one line of products, because tastes change a lot. Explore the ebay categories and see what sells well and what doesn't. To make the sort of money you want, you will need to sell either a smaller number of expensive things which bring you a large profit, but which require greater investment and involve greater risk of loss if you don't succeed in selling them, or huge numbers of cheap things which together will give you a good profit but also a lot more work in administration, dispatching etc. If you do have an electronic product, you will save on time and postage because you will be able to email it to buyers or give them a URL from where to download it. However, beware of the many scams offering you to sell you selling rights to outdated software or ebooks with minimal content! Good Luck. |
Subject:
Re: E-Bay Making a Living
From: journalist-ga on 19 Sep 2002 08:06 PDT |
A lady in my town sells used shoes on ebay. She brings in about 400-500 per week. You might consider this item. : ) |
Subject:
Re: E-Bay Making a Living
From: aceresearcher-ga on 19 Sep 2002 08:20 PDT |
I have purchased a couple hundred items on e-Bay over the last 4 years, from a set of designer earrings to replace an identical earring I lost, to computer books, to gifts for my toddler nieces and nephews. It is my impression that quite a few people are making a living (some luxurious, most not) on e-Bay, including stay-at-home moms and former Mom-and-Pop specialty stores that wouldn't have survived had they not been able to get access to potential buyers all over the world. If you are looking for a "get-rich-quick" scheme, e-Bay is probably not it. Many of the successful sellers are people who have chosen to specialize in something that is close to their hearts, such as antiques, rare and out-of print books, or a certain kind of memorabilia. Some are large-volume retailers of things like books and software. One thing I can tell you, though, is that anyone who is making serious money is also working hard: while there is free and for-sale software available that makes the job much easier, the e-Bay sellers spend a great deal of time posting new items (after first taking a picture of and writing a description for each item), responding to questions from prospective buyers, sending payment information to auction winners, and wrapping and shipping purchased items. Things that cut into their profit include (but are not limited to) the original cost of their items, the "cut" e-Bay takes from each auction price in addition to the "listing fee", the cost of auction automation software, the "cut" services such as PayPal and Billpoint take for processing buyer payments, salaries for any additional employees, costs of shipping materials, money lost to bad checks, etc. Then there is the cost of maintaining METICULOUS records about their transactions for tax reporting purposes (yes, the IRS checks up on big sellers to make sure they are reporting their sales and paying their taxes). If you are really interested in making a living this way, your best source would be to browse the e-Bay site and look for the e-Bay sellers who have a feedback rating (the numbers in parentheses following their user names which correlates roughly to total number of items sold) in the hundreds or thousands. Send sellers an e-mail (you have to be a registered e-Bay user to to do this) asking them if they would be willing to converse with you via e-mail or phone on how they conduct their business. In general, I have found e-Bay sellers to be generous, helpful people, so someone will probably be willing to do this. There are also CDs available for sale on e-Bay that purport to tell you how to set up and run your own e-Bay business for fun and profit. How helpful and reliable these CDs are, I can't say. Hope this information is helpful to you. Best Wishes! |
Subject:
Re: E-Bay Making a Living
From: jamiedolan-ga on 19 Sep 2002 08:37 PDT |
Shoes? What kind of shoes does she sell? New? Some type of collectiable shoes? Do you know her e-bay seller ID or store address on e-bay? Thanks |
Subject:
Re: E-Bay Making a Living
From: aceresearcher-ga on 19 Sep 2002 10:06 PDT |
jamiedolan, Please forgive me if you felt I was implying you were only in search of a "get-rich-quick" scheme or if I insulted your intelligence. That was certainly not my intention, and I apologize. Most people who ask similar questions don't nearly have the business experience that you obviously do! You might try rephrasing your question as "the top 25 (narrow) categories of items sold by item quantity and dollar volume"; i.e. such a list might include "Computer books", "Barbie dolls", and "music CDs" rather than "books", "dolls", and "CDs". Hope this helps -- good luck! |
Subject:
Re: E-Bay Making a Living
From: lot-ga on 19 Sep 2002 12:01 PDT |
Hello, I think mint brand new photographic equipment sells well, as do watches. (both small, easily shippable and desirable with international warranty) I knew somebody based in Hong Kong were there is no sales tax and prices are about 40-70% cheaper than Europe. Take for example a Nikon 35Ti compact camera in 1996 it cost £850 (566 USD) in the UK high street, in Hong Kong it only cost £330 (220 USD) brand new. Add in a 150 dollar margin and you are making money :-) Expensive watches like Porsche Design were half price. |
Subject:
Re: E-Bay Making a Living
From: jamiedolan-ga on 19 Sep 2002 12:09 PDT |
HI aceresearcher, My fault for being vauge. I will rephrase the question to see if I can narrow down what I am asking for. Thank You for your comments. |
Subject:
Re: E-Bay Making a Living
From: jamiedolan-ga on 19 Sep 2002 12:21 PDT |
hi lot-ga, Do you have any sources you could direct me to for making such purchases? Thanks, Jamie Dolan |
Subject:
Re: E-Bay Making a Living
From: funkywizard-ga on 23 Sep 2002 01:04 PDT |
This may sound a bit disgusting, but I suggest dumpster diving. Individuals and businesses often throw out functional items for no particular reason, and even if the individual resale value on ebay is small, the cost is also next to nothing. In the last two days, I've found a working cordless phone-answering machine (nearly new in box), working cell phone (nearly new in box), and as yet untested by apparently in good condition: 2 keyboards, a mouse, a super soaker, a humidifier, 2 printers, several 3 ring binders, a 14" monitor, 2 floppy drives, 2 cd rom drives, 3 network cards, and several computer case fans. |
Subject:
Re: E-Bay Making a Living
From: seeb-ga on 03 Dec 2002 05:00 PST |
Hi , I am a new eBay seller from EGYPT. YES I think you can make good money if you find the right niche to sell in. For me we found the Egyptian hand made stuff is wanted and we make very high margins. We also us eBay to adverstise for our products to sell whole sale. The idea is that the items coming from Egypt are all collectibles and not to be compared in prices with other products and they people buy it for the sake of getting it. They care much about the price. visit our shop at eBay by the name ShopEgypt www.ebaystore.com\shope If you are interested we can sell most of the item with 40% discount and you can order small orders. |
Subject:
Re: E-Bay Making a Living
From: jamiedolan-ga on 03 Dec 2002 08:02 PST |
HI, Thanks for your comments, Just incase anyone is looking This is the correct URL for his store: http://www.stores.ebay.com/ShopEgypt/ Thanks! |
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