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I am thinking of starting an ebay business..

Z

z0mb13

Lifer
Anyone here has one and has pointers to help me?

Thinking of selling golf balls through ebay, it seems that the profit margin is quite good...

What kind of starting equity do I need?? 5k?? 6k?? I have about 10k to invest.. is this a good idea?

This will be a one man operation, so I will just have to pay for shipping out the items (and the ebay fees of course)
 
Originally posted by: z0mb13
Anyone here has one and has pointers to help me?

Thinking of selling golf balls through ebay, it seems that the profit margin is quite good...

What kind of starting equity do I need?? 5k?? 6k?? I have about 10k to invest.. is this a good idea?

This will be a one man operation, so I will just have to pay for shipping out the items (and the ebay fees of course)
Click to expand...


taxes
 
Originally posted by: whaleskinrug
Originally posted by: z0mb13
Anyone here has one and has pointers to help me?

Thinking of selling golf balls through ebay, it seems that the profit margin is quite good...

What kind of starting equity do I need?? 5k?? 6k?? I have about 10k to invest.. is this a good idea?

This will be a one man operation, so I will just have to pay for shipping out the items (and the ebay fees of course)
Click to expand...


taxes
Click to expand...

that too... but all business have taxes...

 
Make sure you accept PayPal (it's a given) and that you have a nice template for your auction description. You want to try and look as clean and professional as possible, but don't go with flasy graphics that are just annoying. Your description is going to be what separates you from other dealers. Make sure you pick good titles too. Nice, clean pictures are always good.

Starting off with a certain amount of $ doesn't hold to much I guess. It all depends on how good of a deal you can get on your supplier. If you can buy what you need in $8,000 to last you a few months, no need in having $10,000 set aside. Just remember the eBay fees, shipping (insurance, delivery confirmation), and taxes. If you are mailing out a lot of packages, it may be wise to open a UPS or Fed-Ex account. Do a little research and see which one is better for you.
 
You're going to get taxed at about 30%....
Just buy on your CC and resell...I guess that's starting capital. I'll probably move 70k worht of stuff at 15-20k profits this year. The key is buying in volume and being able to move large quantities. The key isn't profit margin on ebay.

Best buy might sell 1 item at 50 bucks profit but you can move 3 or 4 a day at 20 bucks profit. The nice thing about a business is you get a tax ID that lets you buy things tax free🙂
 
Originally posted by: CrazyDe1
You're going to get taxed at about 30%....
Just buy on your CC and resell...I guess that's starting capital. I'll probably move 70k worht of stuff at 15-20k profits this year. The key is buying in volume and being able to move large quantities. The key isn't profit margin on ebay.

Best buy might sell 1 item at 50 bucks profit but you can move 3 or 4 a day at 20 bucks profit. The nice thing about a business is you get a tax ID that lets you buy things tax free🙂
Click to expand...

This is exactly what I am talking about.. I can undercut major retail stores.. as long as still make some profit off each transaction. HMm about the tax thing, we will report it later on our tax returns, right?
 
Originally posted by: vdadlani219
Make sure you accept PayPal (it's a given) and that you have a nice template for your auction description. You want to try and look as clean and professional as possible, but don't go with flasy graphics that are just annoying. Your description is going to be what separates you from other dealers. Make sure you pick good titles too. Nice, clean pictures are always good.

Starting off with a certain amount of $ doesn't hold to much I guess. It all depends on how good of a deal you can get on your supplier. If you can buy what you need in $8,000 to last you a few months, no need in having $10,000 set aside. Just remember the eBay fees, shipping (insurance, delivery confirmation), and taxes. If you are mailing out a lot of packages, it may be wise to open a UPS or Fed-Ex account. Do a little research and see which one is better for you.
Click to expand...

Actually I dont want my auction to look "professional" I actually want my auctions to look clean and homemade, so people think they are actually buying from a person instead of a store. Hmm I have to check on that UPS account thingie..
 
Originally posted by: RossMAN
You got a lot of balls (literally)!
Click to expand...

Rossman, do u think this is a good idea?

I want to start something small at first.. and get a feel for it..
just one brand of golf balls (titleist prov1)

 
Originally posted by: Spooner
Are you seriously only going to be selling golf balls?
Click to expand...

yes.. I want to start somthing small

I will stock the golf balls in my apartment, so no overhead costs whatsoever
 
Originally posted by: CrazyDe1
You're going to get taxed at about 30%....
Just buy on your CC and resell...I guess that's starting capital. I'll probably move 70k worht of stuff at 15-20k profits this year. The key is buying in volume and being able to move large quantities. The key isn't profit margin on ebay.

Best buy might sell 1 item at 50 bucks profit but you can move 3 or 4 a day at 20 bucks profit. The nice thing about a business is you get a tax ID that lets you buy things tax free🙂
Click to expand...

ygpm!
 
Originally posted by: z0mb13
Originally posted by: vdadlani219
Make sure you accept PayPal (it's a given) and that you have a nice template for your auction description. You want to try and look as clean and professional as possible, but don't go with flasy graphics that are just annoying. Your description is going to be what separates you from other dealers. Make sure you pick good titles too. Nice, clean pictures are always good.

Starting off with a certain amount of $ doesn't hold to much I guess. It all depends on how good of a deal you can get on your supplier. If you can buy what you need in $8,000 to last you a few months, no need in having $10,000 set aside. Just remember the eBay fees, shipping (insurance, delivery confirmation), and taxes. If you are mailing out a lot of packages, it may be wise to open a UPS or Fed-Ex account. Do a little research and see which one is better for you.
Click to expand...


Actually I dont want my auction to look "professional" I actually want my auctions to look clean and homemade, so people think they are actually buying from a person instead of a store. Hmm I have to check on that UPS account thingie..
Click to expand...

That's so true. I never really liked buying from people with professional templates. They tend to be the slowest at e-mail response times. This is prolly due to the tons of auctions they have up and running.

I think the best advise is to take care of your customers. I have zero neutral and negative. I've sold high priced items. My customers would rather pay a couple bucks extra buying from me then someone else. So would I.
 
Originally posted by: z0mb13
Originally posted by: Spooner
Are you seriously only going to be selling golf balls?
Click to expand...

yes.. I want to start somthing small

I will stock the golf balls in my apartment, so no overhead costs whatsoever
Click to expand...


I would think the start-up should be aroound $1000.
 
Originally posted by: Budmantom
Originally posted by: z0mb13
Originally posted by: Spooner
Are you seriously only going to be selling golf balls?
Click to expand...

yes.. I want to start somthing small

I will stock the golf balls in my apartment, so no overhead costs whatsoever
Click to expand...


I would think the start-up should be aroound $1000.
Click to expand...

Hmmm thats not bad! Should I contact titleist directly to buy the golf balls from them??? or should I contact a distributor?
 
Originally posted by: z0mb13
Originally posted by: RossMAN
You got a lot of balls (literally)!
Click to expand...

Rossman, do u think this is a good idea?

I want to start something small at first.. and get a feel for it..
just one brand of golf balls (titleist prov1)
Click to expand...

I dunno if it's a good idea or not since I'm not a golfer.

Until you establish a niche/clientele for yourself, it's going to be difficult.

I would consider getting your own eBayStore but there's already 760 golf stores, so good luck you're going to need it.

Also consider getting your own domain (find a really catchy domain which isn't already taken) and web site.
 
be sure to wash your balls before shipping them to the customers, people don't like dirty balls
 
Originally posted by: RossMAN
Originally posted by: z0mb13
Originally posted by: RossMAN
You got a lot of balls (literally)!
Click to expand...

Rossman, do u think this is a good idea?

I want to start something small at first.. and get a feel for it..
just one brand of golf balls (titleist prov1)
Click to expand...

I dunno if it's a good idea or not since I'm not a golfer.

Until you establish a niche/clientele for yourself, it's going to be difficult.

I would consider getting your own eBayStore but there's already 760 golf stores, so good luck you're going to need it.

Also consider getting your own domain (find a really catchy domain which isn't already taken) and web site.
Click to expand...

I will just sell ONE brand of golf balls (I know which brand people like...). These stores sells lots of other items. Also I dont want to open an ebay store, I just want to make regular homemade auctions. In short I want to start small.
THis is just something on the side that I plan to do
 
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