Turn £100.00 into £10.000.00+ by the end of 2010 official thread PART 2

catflea

natnat13 wrote: »

Hi Guys

Two queries, the first is I linked my bank account to paypal again today (deleted it back along as my credit card got frauded and I freaked out!) Credit card was fine today but when I wanted to verify the bank account it bought up a direct debit mandate. I understand I could top up my paypal account from the bank but not sure about a direct debit as that's for regualr payments? Anyone else experienced this? I can't remember it doing that the first time but that was a few years ago.

Secondly, I'm looking at buying from abroad, how does import tax work? Do you get stung all the time, looked on an on-line calculator and it looks to be about 20%, does that sound right?

Thanks

The Direct Debit is a means of bank funding. When you buy an item it will take the payment by DD rather than off your card etc (if you aren't careful when selecting payment method)

I'm not sure WHY they want a DD set up though as theres more protection to you with DDs than card payments

They will NOT take payments on a regular basis

Eyesparky

emmie wrote: »

I live near a Next clearance shop who have excellent sales. Next clothes can sometimes be £5 !!!! Wondering buying some to sell on ebay for a profit

Anyone done this? Any advice? Tips etc

Thanks

According to some of the posts on here Next sells pretty well on Ebay so you may well be able to make a small margin ... you have the geographical advantage working for you as not everyone lives near a clearance shop. Make sure to do your research and factor in ebay, paypal and postage charges etc. when making your decision. Best thing to do would test the water a little to see how it goes .

natnat13

Thanks for you quick replies everyone, Greyhoundangel your post was very useful, do you reckon it's better to buy larger amounts or is it all relative?

Got bids on 3 of my 17 ebay items, with 5 days to go. Bidding on 4 mispelt items too to re-sell. Put a begging plea for my friends junk on facebook status, no response yet!

Going to poke round the charity shops tomorrow and look in local paper.

natnat13

emmie wrote: »

I live near a Next clearance shop who have excellent sales. Next clothes can sometimes be £5 !!!! Wondering buying some to sell on ebay for a profit

Anyone done this? Any advice? Tips etc

Thanks

Maybe do a completed listing search on ebay for next and see what sells?

rao_2

natnat13 wrote: »

Two queries, the first is I linked my bank account to paypal again today (deleted it back along as my credit card got frauded and I freaked out!) Credit card was fine today but when I wanted to verify the bank account it bought up a direct debit mandate. I understand I could top up my paypal account from the bank but not sure about a direct debit as that's for regualr payments? Anyone else experienced this? I can't remember it doing that the first time but that was a few years ago.

Basically the direct debit thing is so that they can withdraw money from your bank account and you can put money in your bank account. PayPal's direct debit thing is a pain though. It meant that a couple times when I did a PayPal purchase or donation via a sites system where it wasn't very clear about changing the payment method it ended up going to PayPal's default method which seems to be direct debit withdrawl from your bank because it costs PayPal less money to do things via your bank. This meant PayPal overdrew from my bank account and I got slapped with a couple of hefty fines. Like a nice £15 fine for a measly £2.50 over when I gave a donation someplace. :eek: Managed to get the bank to reverse the charge. But when I asked them how could I stop PayPal from withdrawing from my account when there is insufficient funds, they said they would cancel the direct debit aspect for me. But this then meant that PayPal simply deleted my bank account. :rolleyes: I wish PayPal would allow you to select your own 'default' but they're never going to it seems. :mad:

natnat13

rao wrote: »

Basically the direct debit thing is so that they can withdraw money from your bank account and you can put money in your bank account. PayPal's direct debit thing is a pain though. It meant that a couple times when I did a PayPal purchase or donation via a sites system where it wasn't very clear about changing the payment method it ended up going to PayPal's default method which seems to be direct debit withdrawl from your bank because it costs PayPal less money to do things via your bank. This meant PayPal overdrew from my bank account and I got slapped with a couple of hefty fines. Like a nice £15 fine for a measly £2.50 over when I gave a donation someplace. :eek: Managed to get the bank to reverse the charge. But when I asked them how could I stop PayPal from withdrawing from my account when there is insufficient funds, they said they would cancel the direct debit aspect for me. But this then meant that PayPal simply deleted my bank account. :rolleyes: I wish PayPal would allow you to select your own 'default' but they're never going to it seems. :mad:

Thank you for that, great explanation, I love this thread!

lindseykim13

hi guys and girls hope everyone is doing well today? :cheesy:

i'm just browsing the baby clothes on ebay how come it is so hit and miss with this catorgory?

thinking snow suits are a good sell this time of year but you get similar disney ones brand new selling from 99p upto £8-£10 obviously the profit is in the 8-10 range but how come some go for 99? Thinking the only profit in the baby clothes are designer label ones. Anyone else find it odd?

for example i sold a bnwt disney velour sleepsuit on auction for 99p then i can see shops selling similar on bin 6.99 should i be selling everything on bin? thought there was more bidding interest in auctions to be honest but maybe it doesn't work for baby clothing?

spartan59

Hey all

Another £7 on ebay today, Plus £60 expenses to collect from work tomorrow

Also £3.50 tracking on ebay at the moment

HopeAndDriftWood

lindseykim13 wrote: »

hi guys and girls hope everyone is doing well today? :cheesy:

i'm just browsing the baby clothes on ebay how come it is so hit and miss with this catorgory?

thinking snow suits are a good sell this time of year but you get similar disney ones brand new selling from 99p upto £8-£10 obviously the profit is in the 8-10 range but how come some go for 99? Thinking the only profit in the baby clothes are designer label ones. Anyone else find it odd?

for example i sold a bnwt disney velour sleepsuit on auction for 99p then i can see shops selling similar on bin 6.99 should i be selling everything on bin? thought there was more bidding interest in auctions to be honest but maybe it doesn't work for baby clothing?

At a nursery I used to work at we sold the children's unworn clothes on Ebay, to raise money. We found that starting at 99p was a bad idea. Start at a decent price, reasonable but not too low, or people will presume its bad quality. Some people will bargain hunt, but it will sell at a normal price. I'd try a £6.99 BIN, and see how it goes.

YummyMummy20

emmie wrote: »

I live near a Next clearance shop who have excellent sales. Next clothes can sometimes be £5 !!!! Wondering buying some to sell on ebay for a profit

Anyone done this? Any advice? Tips etc

Thanks

Go for the special occassion type clothes if possible.
I'm a very bad person and [STRIKE]buy[/STRIKE] bought party outfits etc that only ever got worn once for my toddler, a shirt and waistcoat set i got for about £8 in a next sale sold for £21 on eBay after being worn (although this was a bit of a fluke - a damn good one though :cool:) and similar with his other smart stuff, not black trousers though, people don't seem to like Next black trousers

Oooh I really ought to stop this trying to be helpful malarky when i've got heaps to do myself