well if you think money is the most important thing in life, then i guess making a living off ebay ain't so bad.
Yes it is, but it seems like there are more variables with eBay selling that you cannon control that will change over time. With trends, sites going down, etc. But that's just me.
What are you saying? That it consumes your life?
Honestly, you have NOTHING to lose with dropshipping. You won't ever make a crapload of money off dropshipping. For example, I sell some itmes for 200.00 for 300.00. Dropshipped items I sell for 120.00 for a 110.00. item. The thing about a dropship is that you hold 0 risk. That's right. I offer you a chance for a 10% gain with 0 risk. You'd take it.
So, it you hold 0 risk and you know you'll make money on an item why not sell it if every one you sell is ognna make money?
In order to get good enough prices you have to spend 30 or 40k to get the prices. THere's risk of the market changing, prices dropping, competition. A dropship you hold 0 risk. If I told every analyst out there I had an investment that would gaurantee 10% a month or 100% a year, not including compounding, they would jump on it in a second. That, my friend, is why a dropship is so powerful. Goodluck trying to find a dropshippable item and dealing with the logistics tho.
Great info man.
I'm gonna probably take a year off before applying to Pharm school. So i'll most likely be doing something like this.
You're naive as crap...all I'm saying is this:
I read that thread October of last year. In that time I grew my ebay sales to a ridiculous amount. I don't think I'm smarter or anymore motivated than anyone else. In fact, I'm lazy as sh1t. If you read that thread properly and copy the seller stories you will know everything you will need to to be successful on ebay and to make more than you do at your real jobs.
Honestly, do you believe I know more or am any smarter than you? I don't think so. Look at success stories, learn from them, do it up for yourself. Go big or go home...don't be a f*ckin sheep..
I'm surprised you praise drop shipping so much, all other sellers seem to say it's a terrible idea. However, you DID end your paragraph by saying good luck with the logistics. So it's not easy to orchestrate.
How do you pull naiveness out of that? Eh, don't bother explaining, we won't agree.
So you say you need to spend 30 to 40k to get those prices. You mean to get them in the drop shipping market or in any selling at all?
Its just personal preference i think
Some people feel safe to do a job in real life
While other people hate doing a real life job
They think that its more comfortable doing their own online business
Anyway, everybody hav their rights to choose their life style
Some people feel safe to do a job in real life
While other people hate doing a real life job
They think that its more comfortable doing their own online business
Anyway, everybody hav their rights to choose their life style
Makes sense to me.
It seems like if I ever wanted to get set up with a wholesale drop shipper that I'd need to register as a business and get a tax number first. All the ones I've seen that seem legitimate require it.
And really drop shipping would be my only option. There's very limited space in a college dorm.
i plan on selling some crap on ebay this year. Mostly I'm looking to buy up FAR items at stores, sell on ebay and donate the proceeds to charity or use the money for a vacation.
Here's why I think you're naive...don't take this the wrong way.
1. There are very few variables with ebay selling you can't account for. In fact, if you do your due diligence you shouldn't or very rarely should be caught off guard. Also, you should always have a backup plan on how to firesale or another venue to sell your goods if you can't move them on ebay because of a changing market condition. The fact that you think a site going down is a reason why you can't be successful on ebay is ridiculous. SItes go down, they're not down for very long. Everyone is at the same disadvantage you are. How do they deal with it? I can tell you already you don't have the attitude to be successful.
2. Why do I praise dropshipping so much? There is ZERO risk. Look, if you're organized and handle things properly and have sufficient backups in case dropshippers run out of stock you'll be fine. A logistics problem and finding a dropshipper are part of the job description. If you know how to do it or how to go about doing it you shouldn't have any problems. Sometimes I get lazy and decide to straightup dropship without a backup plan and this is when my suppliers run out of stock or I duplicately ship items because I'm either tired or lazy and don't keep track of who I've already dropshipped an item to.
3. You have this ridiculous idea that ebay consumes your life. I make about 25.00 an hour at work. I'm there 9 or 10 hours a day. I can make 200-300 an hour on ebay because I knwo money isn't made with shipping or packaging or answering emails. Money is made when you look at ebay like an investment and you buy an item with good fundamentals. All the other crap can be outsourced.
Sorry, I don't mean to sound arrogant but a no overhead business that can be grown with whatever startup capital you have (usually credit cards) is a no brainer. Any other venture you'd need to take out loans from banks and have a pretty good amount of risk. Ebay is diferent...
Perhaps I've been jaded by the eBay community boards. I've read there so much from power sellers complaining that the eBay market was sinking and that buyers were looking for bargains too much and not buying as much as they used to. Just gave me the impression that it was not a market you could rely on. I never said that was true, though, just what I thought.
It's not that I don't have the attitude to be successful, just that I don't know much about it and as such have to form my opinions from others' opinions that I read.
I see good reason for praising drop shipping, which is why that is what I want to study NOW before I go off to school in the fall. I see it as the only thing that could work for me in college.
It's not that I don't have the attitude to be successful, just that I don't know much about it and as such have to form my opinions from others' opinions that I read.
I see good reason for praising drop shipping, which is why that is what I want to study NOW before I go off to school in the fall. I see it as the only thing that could work for me in college.
You're reading from powersellers who don't necessarily know what they're doing. They probably have 1 or 2 items and the market changed on them and now they think it's ebay's fault and the buyer's market. Ebay is the most competitive marketplace in the world...there's always a buyer if your price is low enough.
Also, if you look at the stats ebay signed up more users this year than any other in history. They made more money(which means more people bought more things), and have more active users than ever. I wouldn't necessarily think these people are right just because they are powersellers. It doesn't take much to be a powerseller.
DrPizza
Administrator Elite Member Goat Whisperer
I'm not reading through the entire thread, but IIRC, I've read in the recent past that eventually, the IRS is going to catch up on people selling on ebay, making a profit, and not reporting it as income. I doubt they'll go after small-time people... But, people making 50k profit on ebay and not reporting it as income are in for a rude awakening one of these days. (there is a sufficient paper trail leading to those people)
Yeah, I can see why it could be convincing to quit your job over, if you're good at it. Little risk actually compared to starting a normal business, and you can get started by buying a few hundred worth of bulk goods on your CC.
But, to CrazyDe1: Would you say buying in volumes worth THOUSANDS of dollars is necessary to get the prices to make it as big as you have?
As another member has posted, it's just a matter of preference. Obviously your funds from eBay selling are enough to support you and a family for the rest of your life. But personally, I can't see that being my "main thing," no matter how much it was making me. But everyone's different.
I think the only person in that thread that said he does this in college was the one who said his dad ships stuff for him. So if this is something I'd like to toy with over the next four years of my life, would you agree drop shipping is the only option?
But, to CrazyDe1: Would you say buying in volumes worth THOUSANDS of dollars is necessary to get the prices to make it as big as you have?
As another member has posted, it's just a matter of preference. Obviously your funds from eBay selling are enough to support you and a family for the rest of your life. But personally, I can't see that being my "main thing," no matter how much it was making me. But everyone's different.
I think the only person in that thread that said he does this in college was the one who said his dad ships stuff for him. So if this is something I'd like to toy with over the next four years of my life, would you agree drop shipping is the only option?
IHateMyJob2004
Lifer
- Sep 29, 2004
- 18,656
- 68
- 91
SHORT ANSWER:
Working for yourself is a hundred times better than depenidng on someone else to employ you. If I had hte will power t otry it out, I'd do it in a heartbeat!
Working for yourself is a hundred times better than depenidng on someone else to employ you. If I had hte will power t otry it out, I'd do it in a heartbeat!
the CC is actually a fun bonus, for example if i had channeled all of the purchases thru my parents GM card they coulda gotten a free car. instead i opted for discover's 1% cashback. because GM cars suck
I wouldn't say that's always true. Many people may rather rely on a steady paycheck that's the same amount week in, week out, and to have something they can move up the ranks in over time as they grow older. Also, if it's a job that's semi-important and if they're treated well, they may rather do that and feel like their accomplishing something in life instead of just sitting around selling.
I'm not saying anything AGAINST sitting around selling, though. If YOU'RE happy with that lifestyle and it's making you big bucks then it's a clear win. I'm just saying not everyone likes the same thing.
So, I'm really curious about this.
For the "part time" hardcore ebayers, those who make, say 500-1000 a month on the side, what sort of things do they typically sell?
I'm baffled. Every once in a while I think about persuing something like that, but then I start thinking up products I might be able to find/resell, and do some searches - and there always seems to be a glut of them on ebay. Computer gear is one good example - for as long as I can remember, ebay has been a HORRIBLE place to sell computer equipment.
Is it just that the sellers do the same thing flea market sellers do? Buy crap for $0.50 and sell it for $1? Or is it just happening to stumble across rare items that aren't recognized as such?
As a *buyer* I don't often see things in stores (especially local places that sell used gear or whatnot) where I think to myself "wow that's way cheaper than ebay had it..."
For the "part time" hardcore ebayers, those who make, say 500-1000 a month on the side, what sort of things do they typically sell?
I'm baffled. Every once in a while I think about persuing something like that, but then I start thinking up products I might be able to find/resell, and do some searches - and there always seems to be a glut of them on ebay. Computer gear is one good example - for as long as I can remember, ebay has been a HORRIBLE place to sell computer equipment.
Is it just that the sellers do the same thing flea market sellers do? Buy crap for $0.50 and sell it for $1? Or is it just happening to stumble across rare items that aren't recognized as such?
As a *buyer* I don't often see things in stores (especially local places that sell used gear or whatnot) where I think to myself "wow that's way cheaper than ebay had it..."
as a recovering Discover card holder, I have to recommend to you the Citibank Platinum reward card. the cashback is much better.
It's nice to know that it's there if you need it to be there. What I mean by this is I don't ever have to worry about someone hiring me again.
The best is having 2 income streams though...
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