eBay
I began selling on eBay in 1999 and have found it to be an enjoyable and profitable experience. I had owned a retail computer store for a few years and decided to close it. I still had a lot of computer inventory and soon discovered eBay was a good resource for selling the parts.
This turned into an ideal situation as selling this way became a home-based business and the overhead was very low. This was a plus to my income opportunity. A spare bedroom in the basement soon became my eBay selling room.
As time passed, more people began selling computer parts and the margins were getting thin. I needed to come up with a new idea that would keep my profit margins at an acceptable level. Instead of selling the computer parts, I would compile a list of my resources and then sell the list as a wholesale resource. The computer wholesale list became an overnight success on eBay. The list has cost me nothing except time, and I was able to sell the list several hundred times. I compiled the list in Excel and also in a text file. Another option was to have it burned to a CD and then mailed to the customer. I charged an extra fee for the CD, and sold quite a few that way too.
After selling the wholesale list for a few months, eBay changed the rules and would no longer allow cross-posting the same item, and also limited the number of times the same item could be listed at the same time. This change caused sales to drop, and I eventually stopped selling the list.
I still had the eBay bug, and was looking for other (http://www.auctionmanger.biz) eBay resources to sell. I started going to garage sales and looking for unique and inexpensive items. This was also another successful resource and lasted for about a year until more people started realizing this technique, and it was getting more difficult to find the bargains.
The next resource I started using was going to auctions and putting the items I purchased on eBay. So far, this has been another good resource and one that I still use. My best buys are when I can buy a quantity of an item for a very low price.
One example was several boxes of HO scale train cars, engines and accessories. There were over 300 items and I ended up paying $150. That came out to 50 cents for each item. There was a lot of work photographing and writing a description for each item. The worked paid off as each item sold anywhere from $3.00 to $12.00 each, making a very nice profit margin.
Selling on eBay is still a resource for additional income, and I am always on the lookout for the next big sale.
James Hendrix has been putting people in business on the Internet since 1996. He has experience with web hosting, development, marketing and search engine optimization.
Latest News
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Austria Clearingbank in first interbank auction Forbes, NY - In Wednesday's maiden auction, banks could say how much 2-month and 3-month money they were either offering to lend or requesting to borrow. ... |
Bargains Galore During Extended Happy Hour Auctions At eBid.Net PR Web (press release), WA - In the run up to the holidays, online auction site, eBid.net is giving bargain hunters the chance to snap up the best deals from the comfort of their own ... |
Mass. regulator accuses Oppenheimer & Co. of fraud The Associated Press - The complaint alleges Lowenthal sold nearly $1.8 million in such securities two weeks before auctions began to fail in February. The complaint also alleges ... Oppenheimer Accused in Auction-Rate Complaint Brokerage is charged with fraud The Region in Brief |
UK auctions 4 million EU CO2 permits Reuters UK, UK - LONDON (Reuters) - The government said it auctioned 4 million European Union carbon emissions permits on Wednesday at 16.15 euros (13.5 pounds) a tonne. ... Bloomberg to be the Auction Platform for UK Carbon Allowances in ... UPDATE 1-EU carbon rises following UK permit auction |
UPDATE 1-Bank of Canada to adjust purchases at auctions Reuters - TORONTO, Nov 17 (Reuters) - The Bank of Canada said on Monday it is adjusting its purchase of nominal bonds at auctions for balance sheet purposes, ... Bank of Canada says no transactions for term PRA Bank of Canada gives details on liquidity measures |
ConocoPhillips auctions off plant KFSM, AR - The company is hoping for a minimum bid of $1.25 million in its online auction. The buyer will need to move the plant out of Ponca City. ... |
Study Suggests Buying Toxic Assets Could Work NPR - Ausubel and Cramton had run these auctions before, and on a large scale. They began working on a plan with officials at the Treasury Department. ... Gaming The Financial System |
Joey Kramer Auctions off the Ultimate Aerosmith Experience! Aerosmith - Joey Kramer is going to attend the live auction on Thursday in NYC to hand off his drum set from his last tour to its NEW lucky owner! ... |
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