30k from ebay in 2 years, my project.

even_steven

pgilc1 wrote:

there is no loyalty on ebay, if you're a power seller with 1000 feedback selling an item for a tenner, paying your taxes and your vat, most buyers will buy off wee jimmy with a feedback of 12 who sells them for 9.95. maybe a bit of an exageration, but you get my point.

And being good MoneySavers, so they should!

slade5x5

Well only 2 out of my 5 items that i bought to sell on ebay actually sold.
They both made over 100% profit but the three other items are a bit of a concern. I think i shall relist them and hopefully they will shift.
My items that did sell i shall be buying again and see if they keep on selling.
My most expensive item from home is finishing today and i am hoping that i should get between £20-£40 which i can then use to buy a lot more smaller items.

Fingers crossed and i will keep you all up to date...

matty_c608

To make a decent income, you gota be looking at 300% to 1000% profit

Hintza

matty_c608 wrote:

To make a decent income, you gota be looking at 300% to 1000% profit

That is utter tosh.

I work on 35% gross margin on most of the stuff I sell, some I get over 100% and on fast moving items I might accept a little less. The caveat of course is the value of the item cheap items need higher margins than more expensive items.

The supermarkets make a lot of money on minute margins.

Highlander_2

Very best of luck, I've sold a few items, but not often for much profit. Sometimes I'm amazed when I put something up which I think is a real bargain, only to find no one bids at all!

clairehas

just remember people about the 10p listing day tomorrow and wednesday! time for us to save some money on the listing fees!!

matty_c608

Regarding clairehas' post:

Thanks for the tip off. I didn't get an email from eBay or anything. So I had to search.

Got this link, should this help anyone:

http://pages.ebay.co.uk/sell/10AugFLD06/

honest--jon

I just made £980 profit on ebay in one item

matty_c608

what item was that?

honest--jon

Limited edition art print, bought for £80 last summer sold for £1060 last week.