Saturday, January 27, 2007

Selling on Ebay

Even though I've been selling on Ebay for quite a few years now, every once in a while I get a high point. Well yesterday I reached a high point. 3 auctions of items I was selling sold. One of them I thought would take a long time to sell, like the romance novel book I've had for sale for the last 5 years or so. Anyway I put it up on a 10day auction, someone was watching it for like six days and about 2 days before it was to end they bid on it, well then someone else bid on it. Long story short an item that started at a buck, I ended up selling for Ten. That is not my largest sale, but one of the big ones. I usually sell buttons and trading cards for a buck or two, once I sold some videos for $20 or $25 bucks so I think those were the biggest sale I've had. I can't quit my day job just yet because I'm lucky if I sell one item for a buck a month. Part is due to not having many items up for sale at one time. But recently I had my all-time high of 80 items on sale 1/2 of them were regular auction format, the other half are still in my Ebay store as in-store items sitting on the shelf as it were. Of course I would one day want to have enough regular sales every month to be able to quite my daytime job and sell on ebay full-time. That unfortunately is easier said than done. Buttons and penny-anti trading cards don't cut the mustard, so I sell an occassional CD or video, once a DVD. I've thought of trying to sell DVDs and CDs in bulk but again there are no guarantees.

All those late night "Make a fortune on Ebay" infomercials are bologna, they use what is called "Drop shipping" which is very risky and only makes money for the company that is doing the drop shipping. In a nutshell, you buy stuff from the drop shipping company, put the auctions up on ebay, they do all the order filling and shipping you pay them a fee and maybe get some money from the sale.

No comments: