is selling on ebay profitable?

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RobCur

Banned
Oct 4, 2002
3,076
0
0
Most people aren't selling it cheap to being with, their not being competitive with online merchant.
That's bad business practice... people come to ebay to get a good bargain price not pay outrighteous prices because most things are already available in abundance. Now if it's rare and somebody's willing to pay more for it, then that is fine:thumbsup:
 

DavLucMac

Golden Member
Jan 25, 2001
1,084
0
71
I normally move things on ebay that the folks here on the boards are not intersted in snatching up. The nice thing about it is that it cleans out the closet if listed correctly. People really are intersted in other people's junk... as long as they get it for a price they think is worthwhile.
dav
 

kami

Lifer
Oct 9, 1999
17,627
5
81
Depends on what you sell. I buy and sell movie collectibles (LOTR mostly) and have made about $4000 profit since april.
 

RobCur

Banned
Oct 4, 2002
3,076
0
0
selling on ebay is all about making as much money as possible while cutting losses...
It does requires a lot of luck, sometime people will buy because they are on a buying spree other time, nothing sells!!!:brokenheart:
 

Garet Jax

Diamond Member
Feb 21, 2000
6,369
0
71
Originally posted by: RobCur
I haven't made a single profit! althought I sold most of it, I'm taking a huge loss on only 1 buyer at a time who would buy from me at any given time whether it's 3 day or 5 day auction.
:brokenheart:

It is not as important what you sell it for as it is what you buy it for. If you are trying to sell something you paid regular price for, you will almost always lose money.

However, if you are able to pick something brand new up for a good, deep discount, then you will almost always make great money.

The last time I did this, I got a couple of harddrives (160 GB, 30 GB) for about 60% (shipped) of what the 160GB cost alone.

I sold the 160GB on ebay for a $20 profit and kept the 30GB for free.
 

RobCur

Banned
Oct 4, 2002
3,076
0
0
Originally posted by: Abhi
Go ask people who sold Gmail invites!! 100% profit!

wish I have gmail to sell, those go for 2-4 bucks!
sometime 80-100 bucks, godddamn!!@!@!
 

RobCur

Banned
Oct 4, 2002
3,076
0
0
Originally posted by: Nail
Where do you buy the crap to sell?

buy crap to sell?! LMAO!
I have so many things to sell that the market would be overflooded with junks!@#$
The trick is how to word them and the kind of buyer you're trying to attract.
a picture alone says nothing, a word that is meaningful can sell like hot cakes!
It takes alot of effort I tell you, you are providing a service by selling whatever you don't need for $$$ so don't expect much profit unless you sell in big volumes. Those that say you can get rich selling just 1 item are ripoff conartist suckers or just flat out lies altogether...
 

CrazyDe1

Diamond Member
Dec 18, 2001
3,089
0
0
Originally posted by: RobCur
Originally posted by: Nail
Where do you buy the crap to sell?

buy crap to sell?! LMAO!
I have so many things to sell that the market would be overflooded with junks!@#$
The trick is how to word them and the kind of buyer you're trying to attract.
a picture alone says nothing, a word that is meaningful can sell like hot cakes!
It takes alot of effort I tell you, you are providing a service by selling whatever you don't need for $$$ so don't expect much profit unless you sell in big volumes. Those that say you can get rich selling just 1 item are ripoff conartist suckers or just flat out lies altogether...

You can get rich selling 1 item. I know someone who sells 30-50 of the same item a month at 150 bucks profit each.
 

thatsright

Diamond Member
May 1, 2001
3,004
3
81
Selling on eBay, as with anything can be very hit or miss. But you can reduce the 'utter randomness' of it all by doing some rudimentary research.

I'm not a full time seller, I might sell 4 things in a week, or once every 8 months. I might buy 5-10 things a year as well. If I'm buying, or selling for that matter, I will always check the Completed Auctions first, to get an idea of the overall selling price of items I'm interested in. If your selling, check here first for the item you have to sell/buy. You'll get a good idea of your opening bid you may want to set, and a rough idea of what you should expect to get for the sale. If you recently opened a new account with the purpose of just using it as a sellers account, your going to be in for a slow/dry spell for a while. 99% of the time, I won't ever bid on a item if the seller has a feedback of less than (10). Maybe if the item is <$10 or so I might bid, but nothing over that, thats for sure! If you just started out, and want to build your feedback up, just start buying some small items on eBay. I didn't really start selling until I had 20 or more positive feedback. Make sure your shipping and return policy's are as crystal clear as possible, to reduce the chance of any neutral/negative feedback. If you don't ever want to see the item again, make sure everyone knows by saying so with 'ALL SALES FINAL' or the like. But I've seen a lot of items I won't bid on, as their shipping policies require a Ph.D. from MIT to figure out what/how to send them. Less is more folks. Don't make your buyers jump through a 20 point checklist before they send you the money. For sellers its okay to pad the shipping cost for a very small difference to recover any PayPal/sellers/shipping fees. But don't go overboard or else you'll have a lot of P.O'ed buyers who are just itching to leave you negative feedback, or no bidders at all. If I'm selling a CD, I might charge $2.50 or $2.95 to mail it, even thought it might only cost $1.98 for first class mail.

For sellers, getting Feedback is always a challenge for your buyers who are recalcitrant about leaving timely feedback. About 75% of my buyers leave it within a week of getting what I send em, or they simply never leave it at all. You can only do so much to prod buyers to leave you positive feedback. I mean, what are you going to do, threaten them? Send them a reminder e-mail, after a week or so once you know they got it, just to let them know.

As a seller, I have only had one person back out of my auctions in over 100 or so auctions I've been involved with. And many sellers I know will just pussy out about leaving the deadbeat buyer negative feedback, because you don't want to risk retaliatory feedback. I have a perfect rating of 100 feedbacks, with no negatives, or neutrals and it has taken nearly 4 years to get to this point. The thought of getting my 1st negative, is too much to bear.

I am a very infrequent seller for sure, but I have been lucky with a few things I have sold in the past. One item was a old World War II cruise book for a US Destroyer in the pacific theater. I thought I might get $40 if I was lucky, well in the end I got so many bids and it went for $452. Another item was a old, worn out US Naval Flight suit worn by a F-14 pilot that my dad fished out of a dumpster at the Mirmar Naval Air Station in Mirmar, CA. It had a bunch of squadron patches and stuff on it. Despite the big hole in the crotch, It sold for $170 to some guy in Norway. But not everything is a home run. I tried to unload about 10 CD's I never listened to anymore. Only 3 sold for what I expected, and overall it wasn't worth my time to list everything, with the special HTML editing and pictures and all. The other 7 sold for almost nothing, or not at all. Overall, its wasn't worth it once you take out all the fees and actually going to the post office. For me, getting a good amount of bids really depends on the auction close time that you set for your listing, and how 'hot' of a item it is on eBay that your selling. But thats just me.

Sorry for all the rambling. It all just came rushing out.

RobCur: I'm surprised no one has asked any of these questions, but here goes. What are you selling? Are you trying to do this as a full time job? How many feedbacks do you have? Are you trying to make a set amount each week/month? How many items are you selling? Have you used any of the eBay seller programs for auction batch jobs?


Here are a few links you might want to check out:



Useful Information for eBay sellers

Really good beginner guide for sellers

And of course, there are endless #'s of books about eBay out their for sellers. Try amazon first.

Before eBay put them out of commission, there was a great site called BidBot.net that would search for you on eBay, looking for the best time to list your item, to get the best price/most bids. Hopefully something like this will re-appear?

Well I hope I could help. If you made it all the way to this point, then you my friend deserve a :beer:
 

RobCur

Banned
Oct 4, 2002
3,076
0
0
It's like fish8ing, thats why few hit it big; others get nothing out of selling numerous items!@#
 

RobCur

Banned
Oct 4, 2002
3,076
0
0
thatsright, so something that cost you nothing can sell for alot of money? wow! this is like digging into a trashcan and finding a bunch of gold LOL
 

RossMAN

Grand Nagus
Feb 24, 2000
78,821
326
136
Originally posted by: RobCur
thatsright, so something that cost you nothing can sell for alot of money? wow! this is like digging into a trashcan and finding a bunch of gold LOL

What sort of items are you selling?

Can we see some of your auctions, maybe we can give you some constructive feedback on how to IMPROVE them?
 

RobCur

Banned
Oct 4, 2002
3,076
0
0
The truth is, i'm not there to make much profit at all... Just trying to sell used stuff and recover some of my overspent money that's why not very profitable
I need to find some junk that cost nothing and try to hit it big... now that's pure profit :thumbsup:
 
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