Welcome to Mommysavers Forums.
Go Back  

Work at Home Ideas WAHMs gather here to share tips, ideas, and discussions on how to create a thriving business. No ads or referrals allowed.

Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Gallery iTrader

Reply
 
Thread Tools Display Modes

Old 07-22-2008, 11:30 AM   #1
Default Is eBay making a comeback?
melsb
Greeny-Beany Money Mod
 
melsb's Avatar
 
Last Online: Today 04:31 PM
Join Date: Apr 2007
Location: Idaho
Posts: 10,560
iTrader: (1)
We recently swore off eBay, selling on it, that is. The prices of postage went up as well as Pay Pal and eBay itself. It seemed a lot of other people did that as well. But now, and maybe this is just me, people seem to be returning.

What do you think?
melsb is offline   Reply With Quote
Old 07-22-2008, 01:11 PM   #2
Default
skimommy
Mommysavers Addict
 
Join Date: Jan 2007
Posts: 8,317
iTrader: (0)
I had a hard time selling my dd's uniforms. I ended up letting them go for dirt cheap. I got about $20 for $160 worth of NWOT clothing.
skimommy is offline   Reply With Quote
Old 07-22-2008, 07:28 PM   #3
Default
Missystuy
Shopping/Auction Mod
 
Missystuy's Avatar
 
Last Online: Today 06:57 PM
Join Date: Jul 2006
Location: Connecticut
Posts: 7,607
iTrader: (1)
I hope there is a comeback! I havn't done it in about a year or so I got really burnt out on it. But I plan on starting back up again, even though the cost of everything has gone up. I hope its worth it!
__________________
~Missy~Mommy
Meghan8.Samantha7,Cameron4
Missystuy is offline   Reply With Quote
Old 07-22-2008, 09:39 PM   #4
Default
Pianolady
Mommysavers Diva
 
Pianolady's Avatar
 
Last Online: Yesterday 10:26 PM
Join Date: Dec 2007
Location: Iowa
Posts: 636
iTrader: (0)
Well....it won't be making a comeback for me. Here's my "go" at making a living on eBay. I was a powerseller, but that doesn't mean I made any money. I'm not saying it can't be done, but it sure isn't easy.

I sold on eBay and Amazon full-time last year, and have closed up shop. The crazy people coming in and selling at a loss to undercut the competition made it hardly worth the effort. I also refused to sell cheap import items from China, only quality NEW retail items. Customer service was my top priority, and I had many happy customers. My one and only import was a really neat magnet, and I didn't know it was an import until I already had 288 of them sitting in my house. LOL

The above mentioned, along with the high fees, made the profit margin unacceptable in the arena I was selling in.

Last year's numbers? I sold $22k gross sales, cost of goods was ~$10k, and with fees (eBay, Paypal, Amazon) and expenses (gas/postage/supplies/advertising/business use of home), my net profit was a whopping $246 on my tax return! Never will I do that much work again for so little profit in the end.

I've gone out and found a job working for a merchandising company and am in the processing of expanding my piano studio instead of selling on eBay. I'm bringing in more money and working a lot less.

I'm still glad I gave it a try, it was fun to do for a year, and I didn't lose my shirt. Turning a profit in the first year of any business is difficult to do. This is just one I didn't feel like continuing.

Last edited by Pianolady : 07-22-2008 at 09:53 PM. Reason: more information
Pianolady is offline   Reply With Quote
Old 07-22-2008, 09:44 PM   #5
Default
melsb
Greeny-Beany Money Mod
 
melsb's Avatar
 
Last Online: Today 04:31 PM
Join Date: Apr 2007
Location: Idaho
Posts: 10,560
iTrader: (1)
Quote:
Originally Posted by Pianolady View Post
Last year's numbers? I sold $22k gross sales, cost of goods was ~$10k, and with fees (eBay, Paypal, Amazon) and expenses (gas/postage/supplies/advertising/business use of home), my net profit was a whopping $246 on my tax return! Never will I do that much work again for so little profit in the end.
Wow! That is depressing.
melsb is offline   Reply With Quote
Old 07-22-2008, 11:28 PM   #6
Default
desertmom
Needy Networking Talker
 
desertmom's Avatar
 
Last Online: Today 04:39 PM
Join Date: Jul 2006
Location: Arizona
Posts: 13,936
iTrader: (0)
Pianolady: What was selling on Amazon like? I'm not looking for a retail front, but rather a place to unload books (hardcover, like new, read once) and other things....did they have a lot of fees?
__________________
Make someone's heart smile today.

Would you like to join our Mommysavers' Holiday Ornament/Decoration Swap? Details and signup:
http://mommysavers.com/boards/chit-c...p-sign-up.html

Hurry! Deadline is Near way before Santa comes!
desertmom is offline   Reply With Quote
Old 07-22-2008, 11:34 PM   #7
Default
mamaof3kiddies
Fitness & Mommysaver Diva
 
mamaof3kiddies's Avatar
 
Last Online: Today 01:37 PM
Join Date: Sep 2007
Location: Upstate NY
Real Name: Debi
Posts: 2,847
iTrader: (4)
I had stopped for about 6-9 months but just listed & sold some things recently and did very well! I do agree, the pricing is high!!!
__________________
mamaof3kiddies is offline   Reply With Quote
Old 07-23-2008, 09:09 AM   #8
Default
Pianolady
Mommysavers Diva
 
Pianolady's Avatar
 
Last Online: Yesterday 10:26 PM
Join Date: Dec 2007
Location: Iowa
Posts: 636
iTrader: (0)
Quote:
Originally Posted by desertmom View Post
Pianolady: What was selling on Amazon like? I'm not looking for a retail front, but rather a place to unload books (hardcover, like new, read once) and other things....did they have a lot of fees?
Amazon is the place to sell books. You don't get charged any fees up front, and they set the shipping charges for you. Amazon then gives you a credit for the shipping fee, which is almost always more than the actual cost to sell the book (especially if first class or media mail). You'll see a lot of sellers selling books for a penny, that probably means they're mailing them media mail and pocketing the difference of the shipping credit. They must be selling a lot of books to make enough money to do it as a job at that rate.
Pianolady is offline   Reply With Quote
Old 07-25-2008, 02:00 AM   #9
Default
eating4two
Junior Mommysavers Member
 
eating4two's Avatar
 
Last Online: 09-06-2008 02:09 AM
Join Date: Jun 2008
Posts: 76
iTrader: (0)
The thing about eBay is that it is an environment that is constantly changing and that will always be the case. Demand for certain items will always change, something may be hot one day and cold the next. Fees will go up and down (mostly up though lol) and rules will change, but as long as you are flexible with your business and change when you need too it can be very profitable. Coincidentally I also grossed roughly $22K last year on eBay and my profit was thousands more than the poster above. It all depends on what you sell. I've sold everything from used clothes and toys found at yardsales to new wholesale clothes and toys, antiques and collectibles, books, niche items like plus size and maternity..etc. Quitting is not an option for my family so I change what/how I sell when needed and it works for me.

Amazon is great but again, you have to figure out what works for you. Selling books and selling clothes are two TOTALLY different things on Amazon. Different fees, different platforms etc. eBay lets anyone sell, Amazon lets anyone sell books and a few other categories but you have to be invited or know the secret handshake basically, to be able to sell clothing, shoes, jewelry, etc. on Amazon. You have to get into the Seller Central platform to be able to sell in "closed" categories so you'll want to work on that. You also want to be eligible to sell toys on Amazon during Christmas as the numbers are unreal during November/December. They restrict toy sellers during that time and only let the best in. If you can get in you will have it made.

Just don't give up, change when things go downhill and you will do very well on eBay/Amazon.
__________________
Shelby
eating4two is offline   Reply With Quote
Old 07-29-2008, 10:57 PM   #10
Default
bbqgirl
Newbie
 
bbqgirl's Avatar
 
Last Online: 11-29-2008 12:36 PM
Join Date: Jan 2008
Location: Hueytown, Alabama
Real Name: Michelle
Posts: 25
iTrader: (0)
I used to sell on ebay years ago. I was a home interior consultant at the time and I would buy home interior or figurines and collectables at yard sales and resell. I made extremely good money doing it. I even bought some brass leaves that needed a reallllly good cleaning for like .25 at a yardsale and I thought on the way home I'll never get rid of these...well they sold for $42. I was floored and the person that bought them LOVED them. Bought figurines for $4-5 and would resell for $60-70 easy.

It was an easier time back then. ebay was fairly new, digi cameras were pricey so not everyone would go and buy a camera. Just not alot of sellers in general. Now theres just too much competition. Plus the fees will kill you. Paypal used to be * gasp *FREE! LOL Between Ebay Fees Paypal and gas to post office, you'd just have to decide if its for you.
__________________
Happily Married to Terry
Proud Mommy to Andrew ('96) & Caitlin ('97)
Proud Mommy to Raven & Stormy (Cats) & Prince & Coco (Dogs)


bbqgirl is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Members
 

Sponsors

 


Advertisement

All times are GMT -5. The time now is 08:10 PM.


Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0