Make £5k in 12 weeks? who is up for a game?

Hannah_10

Can I just say, you can get cashback on all purchases on eBay with cashback sites. I tend to use Quidco, so I know they do it (at 40% of the eBay fees the seller paid). My £1 and I are there now.

IHaveNoMoney.com

Count me in, i sell alot on ebay so this sounds interesting, right off to find something to list for £1

mbaz

Go on then count me in. I'll start with £5

Hannah_10

I'm in business. I bought 2 new but tagless baby swimming costumes for 50p a peice the other day so have listed those (for more than I paid of course :cool:) and they end on Saturday at 3pm (a week from now).

rictus123

Iv tried this starting this morning and have invested £500 into something....big risk!

FOURCANDLES_2

I have been doing this for a few years and make around 12-19 k . I sell collectibles,antiques, etc . Buy some books study up and see the rewards come in best mark up was a nest of old charm oak tables bought for £42 from a local auction sold one week later for £375, recently paid for my child's £400 school trip all from profit on ebay. I also buy of ebay to sell on ebay it is all down to time, and educate yourself on the item you buy and sell

Cornish_piskie

At risk of being a right party-pooper here but remember that if you are buying to sell (ie purchasing stock) your profit should be included in your income for any tax purposes. I know it would be very hard to prove that you aren't just selling off your own old tat, sorry, well-loved second hand goods :rotfl: , but people have been caught out.

Particularly ladies selling a vast range of different sized clothes!

Hannah_10

The tax threshhold is £4k or something isn't it Piskie? Anyway whatever it is, I've got a way to go before my £1 creates any paperwork.

Cornish_piskie

Personal tax threshold is now £7470 I think so, yes, my post only applies to those going over that

Good luck with your e-Baying and I hope you reach your target - I was an e-Bay nut not so long ago, my poor ex used to hide things away for fear of me selling them on :rotfl:

FOURCANDLES_2

Yes I would point out once you go over a certain amount per month you will be automatically diverted by ebay to register as a business seller which we had to do 4 odd years ago and yep the tax man cometh .