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Old 29th May 2008, 02:50 PM   #1
sannwood
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Default Making A Living On Ebay?

I read a post over at the Small Business CEO blog this morning titled: Are You One Of Millions Making A Living Off Of Ebay? The post addresses the topic of the millions of people claiming to be earning income on ebay.

Hmmm. 1.3 million are earning income but, as the post mentions, is it primary or secondary forms of income?

Let's take a poll here. . . . How many of you are eBay sellers and is this your primary or secondary source of income?

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Old 5th June 2008, 05:12 AM   #2
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I think eBay is really a good ebusiness website.Sometimes I sell and buy secondhand things through it.

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Old 22nd September 2008, 12:29 PM   #3
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I've purchased and resold items on eBay as a secondary source of income, but I'd never want to be completely dependent on it. It's much more time consuming than one may think, and you always run the risk/frustration of buyers flaking out, issues with payments, etc.

If you're looking for a place to start, I'd check out packages in categories you're familiar with. People will list a package of goods that they want to get rid of all at once, and very often you can turn a profit by re-selling each item individually.

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Old 22nd September 2008, 01:19 PM   #4
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Lol - I read an interview about a powerseller who made her living on eBay. This was several years back, during the heydays of eBay -- I think she made +50K.

She also had 4 rooms in her house devoted to inventory, boxes and plastic wrap. When you get up to that level, you're pretty much a store, but without a brick and mortar strorefront. So your house becomes a warehouse.

I think she mentioned that her top selling items were baby clothes and that she could always go to the thrift stores and garage sales, pick up baby clothes and resell them for a profit.

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Old 21st October 2008, 02:27 AM   #5
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It is a secondary form of income. It take a lot of luck to be selling a lot of things in ebay.

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Old 21st October 2008, 10:11 PM   #6
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I have never done any buying and selling on eBay. But my guess is that most people wouldn't have any substantial and consistent income from eBay, unless you are selling some really niche products.

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Old 21st October 2008, 11:32 PM   #7
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I've sold things on ebay as secondary income. It was basically an online Garage Sale. A family member's store went belly up and I was left with stock in my storage space. It did VERY well.

The key is to find other similar items on ebay and Amazon to price competitively and get the proper copyright that gets people's attention. Be sure to weigh the product for proper s/h fees.

I know there are wholesale companies where you can buy brand new items in bulk and resell at markup. Some companies will even drop ship directly on your behalf.

I would caution people to first find a company in the US if possible. China as a secondary recourse. Have product sent to you first to see what your customers are getting. Potential MAJOR profits.

For people just starting out, I would even suggest going to the $1 store and finding name brand items and resell at markup. You'd be surprised at what people buy. Keep your receipts.

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Old 11th December 2008, 11:55 AM   #8
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I knew someone who did really well just selling Egyptian Cotton. They had it produced, packaged and shipped out from over seas for a very low cost so there wasn't much overhead, and then the domestic value garnished three or four times the overhead so it was pretty lucritive for something the seller never even physically saw.

Selling exclusive items can be lucritive if what you have is available for a short period of time but many people want it. Geographical exclusivitiy can really help too. I have sold things for four to ten times their worth by finding such items. The drawback is that it requires lots of travel to do this sort of selling or conneting with people that will get it for you but then that entails mark up.

Ebay, as others here already suggested, is not as simple as it looks, if you want it to be a successful stream of income. There is a lot of research but much of it can be done on Ebay and just diligently watching other people's auctions and listings to determine trends and ways to compete. However, this is continual research as your competition is employing the same research tactics and will adjust to compete back at you. Also, tracking your own success and trying different times, shipping methods ets. will help you find success. Ebay also gives you statistics and percentages if you open a storefront through their site but there are some stipulations to that.

Good Luck everyone!

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Old 12th December 2008, 02:34 PM   #9
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1.3 million is not primary, aggregate yes, Ebay startup is easy but hard to work (no paid vacations / days off from work)

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Old 23rd May 2010, 08:21 PM   #10
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I am like "unlimited22" I use EBay to move slow moving items and to liquidate products I cannot sell in through ordinary channels.

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