Is it possible to make a living off eBay?

[CrazyDe1]

Originally posted by: Passions
How do you make a profit with all the eBay, PayPal, and shipping fees? Seems like you have to push alot of inventory to recover those costs.

Does anyone know where I can be overstocked palettes of new items???

I jack up shipping to the point where it covers my ebay fees. I get major discounts from FedEx so that it costs me way less to ship than most people estimate(most peopel go by UPS daily rates). I figure insurance and CC rewards cover my paypal fees so that selling price - buying price is approximately my profit.

 

[alkemyst]

Originally posted by: CrazyDe1

It's not about the time 1 guy can devote a day. You can farm out menial tasks such as listing, emails, and shipping. What you can't farm out is dealing with people in order to obtain merchandise...well I can't farm that out anyways. If you do it right you can easily spend a couple hours a day and pull in 10-20k a month. I figure once I get to that level I'll be overwhelmed and either have to quit my day job or just be happy being at that point.

By the way alkemyst, you seem to have it all figured out, why are you not dabbling on ebay?

I thought you said you were pulling in 50K+ in one post.

I did dabble in it....it was a lot more work that just working for someone else right now... I cleared a little over $30k. I can make way over that just 9-5.

I figure if I recapitalize I may come back into it later on.

My brother turned $10k in CC debt of merchandise into a million dollar a year+ business (gross, roughly 30-40% profit) within 4 years.

 

[tallest1]

this thread is very educational

 

[CrazyDe1]

Originally posted by: alkemyst

Originally posted by: CrazyDe1

It's not about the time 1 guy can devote a day. You can farm out menial tasks such as listing, emails, and shipping. What you can't farm out is dealing with people in order to obtain merchandise...well I can't farm that out anyways. If you do it right you can easily spend a couple hours a day and pull in 10-20k a month. I figure once I get to that level I'll be overwhelmed and either have to quit my day job or just be happy being at that point.

By the way alkemyst, you seem to have it all figured out, why are you not dabbling on ebay?

I thought you said you were pulling in 50K+ in one post.

I did dabble in it....it was a lot more work that just working for someone else right now... I cleared a little over $30k. I can make way over that just 9-5.

I figure if I recapitalize I may come back into it later on.

My brother turned $10k in CC debt of merchandise into a million dollar a year+ business (gross, roughly 30-40% profit) within 4 years.

I am making 50-90k a month. THis is SALES, not profits. Profits is more like 3-8k a month depending on how lazy I am and what I write off each month. Although lately sales have been more like 50k as Amex threw a limit on my chargecard after financial review. I don't spend all that much time on it though.

Your brother's profit margins are ridiculous by the way. I tend to sell high end items with only 10% profit margins.

 

[alkemyst]

Originally posted by: CrazyDe1

I am making 50-90k a month. THis is SALES, not profits. Profits is more like 3-8k a month depending on how lazy I am and what I write off each month. Although lately sales have been more like 50k as Amex threw a limit on my chargecard after financial review. I don't spend all that much time on it though.

Your brother's profit margins are ridiculous by the way. I tend to sell high end items with only 10% profit margins.

He is one of the lowest resellers in his business.

Unfortunately in his business, it is where knowledge of the equipment is key. You decommission a building and need to know what you are buying. It's not like calling up TechData and saying send me 20 of those $300 LCD's you have.

A card can have just a couple extra 'letters' in the part number and go from being a run of the mill $500 card to being worth over $15k.

His best 'deal' was a $2500 buy that turned into a over $25,000 sale.

 

[RobCur]

Originally posted by: Mandos
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[shervinj]

anyone know any websites where they sell bulk items of diesel jeans, von dutch tshirts, etc?