The turn £100.00 into £10.000.00+ by the end of 2010 official thread

copperjar

Well I've felt a little disillusioned over the past couple of days. I have literally spent hours a day researching items that sell well on ebay and then looking at cheap wholesale suppliers - but it seems to me that there's not much profit to be made this way. Individual items that sell well aren't that cheap wholesale (I know a couple of people on here have made excellent profits this way, but I'm thinking they must be very experienced buyers/sellers). When I have found cheap wholesale - there are powers sellers on ebay with shops and 1000s of positive ratings who I'm guessing have cornered that market.

So just wanted to (without being negative) warn inexperienced buyers/sellers to make sure they do loads of research before jumping in with a big order. I've learnt the hard way - have £45 worth of stuff I bought that I'll be very very lucky to get my money back on.

So I've decided that the best bet is picking up stock at car boots and selling on. The cheaper the outlay, the better the return (obviously). And although its frustrating because its not the time of year for carboots, I'm going to spend Jan selling my personal stuff and have a massive clear out (afterall, this is all 100% profit) and then will attack the car boots in Feb.

I've sold a few things on ebay already - and have a load of items listed at Amazon. Patience is the key I guess.

scrooge2008

001: bing0
002: KSoni
003: lily the pink
004: jacci45
005: zakaya
006: Scrooge2008
007: Tinuel
008: rictus123
009: jasmine lotus flower
010: 83rachel
011: Legacy
012: skintbint
014: morocha
015: debt free gonnabe
016: MummyandPaige
017: susie-sue
018: robpw2
019: LegalBlonde
020: tasha-debt
021: LilacPixie
022: xxamypxx
023: emma12345
024: JanO
025: missbishi
026: Jellicat
027: cheekyemma
028: elaine373
029: choille
030: snoppydog
031: the-nugster
032: SEASHELL
033: in.debt
034: david69
035: Danka
036: Paws
037: moneymakestheworldgoround
038: Piggles12345
039: nixinixi
040: Droop
041: nikki2804
042: Clurbur85
043: iamsamsmum
044: Jodda
045: Don Kidick
046: pink1310
047: mambury
048: Save4ArainyDay
049: julie toots
050: fifipat
051: jamespir
052: gingababe
053: Tinka21
054: becky004
055: nikki20022008
056: mark88man
057: molit
058: rachelja
059: dillidalli
060: indiasdad
061: elliott789
062: miss_cosmo
063: drinkupretty
064: Tombo
065: lindseykim13
066: xnatalie81x
067: daveyarwood
068: tryinghard
069: poppy-glos
070: Leea_Cadie
071: mazza1985
072: little miss messiah
073: manic-saver
074: staceysteve
075: melmar
076: Bambywamby
077: toniq
078: Skeksis
079: Nicnono
080: HOGOGG
081: rajivjeebun
082: Nomoneymummy
083: paulabear
084: the_cat
085: celyn90
086: happy81
087: Smerch1468
088: nads
089: Esqulax
090: nakmeister
091: debbie_debt
092: lola34
093: wrenlegs
094: shindig addict
095: bibise25
096: truly1
097: missnikkai
098: Leothecat
099: domesticgoddess
100: georgiebrown0
101: Thistle-down
102: Sparrer
103: elly68
104: abby1234519
105: Budweiser_072000
106: Sally22
107: lmb4wcb
108: yukkibear
109: Travmad
110: lucylema
111: deq123
112: mumtoomany
113: Buffythedebtslayer
114: Triker
115: Jane Sanderson
116: DeeDeeinDooDoo
117: Catmulogen
118: Sparklejadey
119: istarimoneta
120: HunnyBunny
121: Londondealer
122: lauraj87
123: Kittykate
124: TessieP
125: teabythesea
126: JoeyGrey
127: Cornflower
128: Daisy Claire
129: hippychicknos1
130: timnlaura
131: Gattona
132: Itchyfeet
133: boredofbeingathome
134: dlt123
135: Skintlynne
136: La Diva
137: Watchthisspace
138: heather2409
139: Savesarah
140: 2Cats1Kid
141: downshifter
142: nads
143: Pink1310
144: KarleyMarie
145: TheKandiman1983
146: Moromir
147: seese75
148: fkelanne
149: murie
150: shopaholic2006
151: badgerbread
152: cydney65
153: ratestart
154: copperjar
155: Savvybunny2009
156: carolbe
157: Smallfries
158: Caroline73
159: ktj
160: helzbelz_57
161: kittenkirst
162: Pipersky
163: YummyMummy20
164: Whatagain
165: Milliebert
166: Chelle22
167: apo1105
168: ladydisco
169: toby3000
170: Yosser444
171: tommymcn
172: Turia
173: julie2710
174: minimod
175: Memory Girl
176: BungleGirl
177: Creaker
178: josieann
179: Kemo_2002
180: lozbk
181: Zafiro1984
182: Nigglet
183: MAXOL
184: Mags50
185: rosybear
186: Mr pies
187: Rosie
188: tommymcn
189: hannahbtw
190: bekki1
191: K travers
192: Jo70mo
193: hayley_jayne
194: catflea
195: SaucySecrets
196: CherryJ
197: Spike2012
198: Missgiddypants
199: happygirl1968
200: Amber Sunshine
201: Cally6008
202: suzybloo
203: meandmaboy
204: Ladymoon
205: hezzie
206: TurkishDelight
207: amancalledmartin
208: purple-pixie
209: Corrig24
210: macgirl
211: JanineB
212: Dollydealer
213: Spidystrider
214: WilliamD1964
215: Eyesparky
216: Haydens Mum
217: Supa-girl
218: Mokeyjen
219: benbenandme
220: Moneymable
221: Wilf55
222: hawkster
223: Ddraig
224: alysa_liss
225: bella2121
226: Sallys Savings
227: eddiemad
228: retrocircles
229: LittleMissHappy
230: justlucky - (from now onwards!)
231: miamoo
232: Mcchse
233: hannah27
234: katquinn82
235: Smem
236: betmunch
237: DFWJane
238: NatNat1977
239: Lightbulbmoment
240: TraceyJ
241: Kelbly
242: Vickyb242
243: dastley
244: coconut-ice
245: mimms
246: Fruitloops
247: cakeordeath
248: Tall_Tone
249: jacobjacob
250: jason69moore
251: 82much
252: nellis10
253: happytails
254: Perthman
255: Kosma1
256: Carkeyz
257: blue~skies
258: Cooki2222
259: racer256
260: emweaver
261: jammy biatch
262: lilmiss
263: abimonster02
264: Jami74
265: Steveswift
266: Jag Babe
267: Casey face
268: Humf
269: natalie_86
270: lilmissmup
271: bjplfw2007
272: bass3k
273: Dinah93
274: Southfieldslass

Today's Updated List. I've been amazed at the response from European bidders for my ebay items. I've had sales and questions from Lithuania, Poland, Germany, France, Croatia and Spain.

I'm also looking for a cheap source of padded envelopes and packaging materials. I have already used everything I can find in my house. Any suggestions gratefully received.

Eyesparky

katquinn82 wrote: »

Might cheat a little theres a car i could buy but at 550 is cheating! but could easily net me a couple of hundred profit straight away will need to get my dad to look at that for me (and probably lend me half the cash!)

First rule of the £10,000 Club ... there are no rules. No one said you can't raise capital for you business dealings . Remember to haggle hard ...

Eyesparky

copperjar wrote: »

Well I've felt a little disillusioned over the past couple of days. I have literally spent hours a day researching items that sell well on ebay and then looking at cheap wholesale suppliers - but it seems to me that there's not much profit to be made this way. Individual items that sell well aren't that cheap wholesale (I know a couple of people on here have made excellent profits this way, but I'm thinking they must be very experienced buyers/sellers). When I have found cheap wholesale - there are powers sellers on ebay with shops and 1000s of positive ratings who I'm guessing have cornered that market.

So just wanted to (without being negative) warn inexperienced buyers/sellers to make sure they do loads of research before jumping in with a big order. I've learnt the hard way - have £45 worth of stuff I bought that I'll be very very lucky to get my money back on.

So I've decided that the best bet is picking up stock at car boots and selling on. The cheaper the outlay, the better the return (obviously). And although its frustrating because its not the time of year for carboots, I'm going to spend Jan selling my personal stuff and have a massive clear out (afterall, this is all 100% profit) and then will attack the car boots in Feb.

I've sold a few things on ebay already - and have a load of items listed at Amazon. Patience is the key I guess.

Don't get disheartened as all research is good research. You are now in a position to more accurately decide on your course of action and you have also acquired knowledge that people who have not looked into the areas you have are without. There are more wholesalers in this world than ebay would suggest (in fact I find a lot of ebay wholesale is really semi retail). Armed with what you know you may bump into some bankrupt stock or police auction etc. which would allow you to realise a profit in these areas ... or you know enough to discount them completely. All good news ultimately.

As you build up your capital from selling things you want to declutter etc. you will also be putting together a stake that will allow you to do deals that would not otherwise be possible. You will also have time to practice selling techniques and channels for when the "proper" business starts. Be as inventive as possible in marketing the stock you have already and get back as much as you can from it (who knows you may turn a small margin!), dust yourself off and hit the brainstorming and research again. Good luck and keep the faith .

u751904

don't forget business link and trade shows for ideas. This is my next course of action. I keep saying I could to this or that then I say oh well there's issues with x,y and z. So I have to have a word with myself every now and again to stop thinking what I can't do!! I don't know if anyone else has this issue. :-)

I have to say I set up a small business which we operate on a sunday at a particular car boot. It works. It was simple. But we were lucky with the pitch. I can't do any more because it doesn't support our family life.

Kids party organising / catering is good. You need to research on food / hygiene regs etc and get your certificate but its a doddle really if you have the space etc.

Eyesparky

scrooge2008 wrote: »

I've been amazed at the response from European bidders for my ebay items. I've had sales and questions from Lithuania, Poland, Germany, France, Croatia and Spain.

I'm also looking for a cheap source of padded envelopes and packaging materials. I have already used everything I can find in my house. Any suggestions gratefully received.

Interesting about the European response, I need to do more research on this re postage charges and legal status etc. I spoke to my brother the other day and he has a nightmare getting English language books where he is and despite being fluently bilingual, he likes to curl up and read a book in English when he can.

Obviously it depends on what you are selling, but you can get bubble wrap in huge rolls and thick brown packing paper rolls (also huge ... you didn't want space in your house to live in did you ) pretty cheaply if that helps at all.

wilf55

not even off the mark yet but have been sorting things of my own to list on ebay..need to make £100 in the first place! but thats my intention...then have a florida holiday which is all paid for..but will need spending money! although not much

things i am doing at the moment

sorting for listing on ebay
dooyoo
cutting back on food shopping - less throw aways less take aways more economical shopping etc
consumer pulse

will be looking at and doing matched betting when i get money behind me
checking that i am getting everthing i am entitled to

keep working hard guys

Humf_2

The 99p shop and poundland are really good for padded enevlopes, bubble wrap ect....

Eyesparky

u751904 wrote: »

don't forget business link and trade shows for ideas. This is my next course of action. I keep saying I could to this or that then I say oh well there's issues with x,y and z. So I have to have a word with myself every now and again to stop thinking what I can't do!! I don't know if anyone else has this issue. :-)

Good advice re business link and trade shows. Everyone has the issue of slipping into thinking what they can't do ... it is a battle to be fought head on. All the issues you encounter are opportunities to think inventively and find solutions others, even experienced in the field, may not have arrived at. Issues and difficulties are also barriers to potential competitors who don't have the over riding power of your will to overcome them.

bing0

For. Those of you wishing to buy new goods to sell on, be warned it's a hard Market to crack. If you read some of my early posts you will se I advise that I only really deal in second hand goods now. There are plenty of avenues to pick second hand goods from , and the profit margins are vastly greater IMO.
Do not be put off by what I'm saying, like previous posts have said research the products carefully, do not just jump on board because it seems like a good deal.Thankyou and keep your chins up and your feet firm on the floor !