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Can you make a profit on Ebay? - Page 3

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  1. #41
    auminer's Avatar
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    Quote Originally Posted by miked View Post
    "Profit begins when you buy not when you sell"
    Truer words have never been spoken.



    I recently delved into eBay, and I think it's going pretty well. That said, I do see how someone with unrealistic expectations might feel like he was doing all the work to make ebay, paypal, and UPS/USPS/FEDEX/etc rich.

    Case in point, and the reason I got into ebay was that I found an auction lot being sold by a town near me. I can only assume that the items in this lot were seized in traffic stops or something, and I'm pretty sure part of it was from a shoplifting ring. Now, why the city didn't return these pilfered items to the retailer I don't know. All I know is that I bought & paid for them legally. One of the items was a very nice Wusthof 18 piece kitchen knife set. Retails for upwards of $400. I've always wanted one, but there's always something else that needed that $400 more than I needed a $400 knife set! So I went & looked at the lot, and hoped I could either return the stuff to the store or sell it on craigslist. Returning stuff didn't go well, not to mention being just a shade left of honest. Craigslist in Dallas-Ft Worth is nothing but a den of idiots. People offering $20 on stuff I was asking $200 for. Seriously, quit wasting my time.

    I paid $449 for the lot.

    After listing the stuff on ebay, and making sure I was the cheapest on ebay for the items I was selling, I sold everything for a total of 1181.

    So if you're just looking at that you're going to count your chickens as making 732 dollars... but that' not going to be the case!!!

    Between shipping, ebay, paypal, and charity donations, that ate up almost $400, leaving me with the knife set I really, really wanted and $337 in my pocket.

    I was quite happy with the deal overall, but again, if I'd had to buy the lot for very much more, it wouldn't have been worth the risk.


    Naysayers gonna naysay, but without ebay, this whole deal would have been thoroughly unfeasible. Craigslist is useless. Ebay put me in touch with MILLIONS of people who could see my items & bid on them. There's no way I would have ever sold those items without it. Sure they take a hefty cut. They earned it. Very well worth it in my eyes.
    Out of clutter, find simplicity. --Albert Einstein

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  3. #42
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    Congrats on your ebay sales. Now that you have learned it can work I advise not being the lowest priced anything. Why? Lower prices can convey lower value.

    If you want to continue with ebay selling work on making your photos the best you can. Making certain to highlight any defects, damage/wear etc. Its harder to complain about a defect if you have a good up close, in focus photo of the defect.

    73, Mike
    "Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}

    Now go beat the copper out of something, Miked

  4. #43
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    Quote Originally Posted by miked View Post
    Congrats on your ebay sales. Now that you have learned it can work I advise not being the lowest priced anything. Why? Lower prices can convey lower value.

    If you want to continue with ebay selling work on making your photos the best you can. Making certain to highlight any defects, damage/wear etc. Its harder to complain about a defect if you have a good up close, in focus photo of the defect.

    73, Mike
    The lower prices were to ensure that I moved all my items rapidly. I needed to get my investment back, plus I wanted to make sure that I got my 10 sales each month, and got good feedback from all the buyers that bothered to leave feedback, so that ebay would raise my selling limit.

    Now that ebay has upped my limit to 30 items, I'm pricing things a scoch higher, since I don't really think I'll need to get higher limits any time soon. The things I have listed now, I'm happy to wait for the pricing I want.

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  6. #44
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    Here is my template for a Craigslist ad...

    Please do not e-mail (I will never see it). If interested text or call (123)456-7890

    Look at my other items- search: t00nces2 <===(this is a marker that will make the search find any ad I have posted because it is unlikely there would be someone else who included this word. Use your own unique word for people to find your ads)

    Description of the crap you are selling


    Thank you,
    Your name



    This seems to work very well to filter out much of the people who are looking to pay six cents for a sixty dollar item. It weeds out all the people who just want to contact you for crap. It weeds out the bots that are just looking for a reply to harvest an e-mail addy. The e-mail addy I gave CL is also an addy I rarely check anymore unless I expect an email for a confirmation link or something.
    Last edited by t00nces2; 08-06-2017 at 12:20 PM.

  7. #45
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    But with the ebay international shipping program he just has to send it the a warehouse in the USA. .49 to ship his dime bag of pins.

  8. #46
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    I'm one of those guys who sells on ebay and Etsy and Ruby et et et
    As of Oct of this year I had slide over the 100 grand in sales mark from on line sales.
    Yup there are scammers and crooks and there are these folks in real life everyday. I've lost a few but I don't let yesterday define my today and continue to grow.
    I joke that the secret to making money is buy low and sell high.
    I've done scrap my whole life and now have a pretty good set of contacts of other scrap guys who call me when they find something good. I had a friend swing by heading to the local scrap yard to drop off a bucket of old gears I was buying. Of course I had to peek on his truck and laying there was a pile of metal letters and a nother pile of old pressed tin. He left lighter and richer and smarter

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  10. #47
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    Quote Originally Posted by HammerII View Post
    I'm one of those guys who sells on ebay and Etsy and Ruby et et et
    As of Oct of this year I had slide over the 100 grand in sales mark from on line sales.
    Yup there are scammers and crooks and there are these folks in real life everyday. I've lost a few but I don't let yesterday define my today and continue to grow.
    I joke that the secret to making money is buy low and sell high.
    I've done scrap my whole life and now have a pretty good set of contacts of other scrap guys who call me when they find something good. I had a friend swing by heading to the local scrap yard to drop off a bucket of old gears I was buying. Of course I had to peek on his truck and laying there was a pile of metal letters and a nother pile of old pressed tin. He left lighter and richer and smarter
    Is this what your calling pressed tin.

    The art of survival is a story that never ends. American Hustle.

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  12. #48
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    Real tin is over $8 /lb wholesale, last I looked

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    "I joke that the secret to making money is buy low and sell high"

    My favorite quote is "Profit begins when you buy NOT when you sell".

    I can not tell you how many times I've heard "But do you know what I paid for this?" In my mind I'm thinking likely far too much but what does that have to do with our deal??" I do not say that out loud and try not to convey it on my face. 73, Mike

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  15. #50
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    You can't compete on ebay selling commodity items. You have to pick a sector you know well and have contacts which can provide it and be very careful on what you write in your advertisement. You also need to be quick and smart about shipping using all 3 of the big guys (USPS, USP, FedEx) depending on size shape and weigh to be competitive on shipping prices plus have cheap "CLEAN" shipping supplies around. People piss money away on shipping (ebay gets their cut so keep it low as possible) that could be in their pocket.

    Another big thing is to have money and space to sit on something until the market will pay top dollar for it (seasonal items for instance). Sometimes an item will flood the market for next to nothing, buy a few and sit on them until the supply is gone and prices go up. That is a hard thing to figure because some items will never be worth much again and money can be better used to flip something else (hence knowing your market is key).


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