Selling Items on eBay...Is it Still Viable?
I have heard less and less about people selling items on eBay and making a fortune. I want to see if this is still a viable way to turn a profit. So...here is the plan:
This Saturday a small neighboring town is having a CITY WIDE GARAGE SALE. I am going to pack up and go to see what items I can find but I need to set some Ground Rules:
RULES:
1. Can only spend $100
2. Everything purchased must be listed for sale online on eBay
3. Must log how much everything cost
4. Must log how much in fees I pay for listing on eBay
5. Must log how much in fees I pay for using PayPal
6. How Much I charged for shipping for each item
7. How much shipping actually was for each item
8. How long did everything take, from listing to shopping etc...
Things I will need:
1. Paper/Tissure for wrapping delicate items
2. Paper and Pen to record how much I paid for items
3. iPhone so I can quickly see how much items are going for while on location to see if I should buy it (using the eBay app)
4. $100 in small bills
5. Box/Reusable bag to keep everything in
When everything is sold...I must list all numbers for everyone to see if this was profitable or not.
Since I actually agreed to take my grandmother, I am not going to count gas or food, this little experiment is a BONUS !
Check back Sunday for a short listing of what I found and a link to the eBay auctions.
Thanks and wish me luck!
1 comments:
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From my experience your profit margin is eaten up by the fees which are hard to manage without a lot of research. How do you plan for items not selling and relist fees?
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