Friday, June 20, 2008

Why You Should Have An eBay Store!

I just read a great article by Lynn Dralle, aka, The Queen of Auctions. I also talk about her here. I think she's super cool. She wrote about why she thinks eBay is reporting 60% of auctions go unsold and how to "overcome" that by opening an eBay store. It's true!!

Check out this eBay auction. I bought the Pottery Barn pasta serving dish at Goodwill last week for $.99. I listed it for $9.99, the auction ended Tuesday afternoon with no bidders. So, I "moved" it to my store and priced it at $14.97. It sold within 24 hours!! Now this doesn't happen all the time, I mean as far as the 24 hour thing. But, the whole concept is true. Even when I take a break from auctions, I still sell, on average, one thing a day from the store. I sold 3 store items today!! :) And I sell the weirdest stuff. Stuff headed for the trash, stuff from the trash (recycling really.....I've made $50 and counting). I started doing this from following Lynn's free advice from her e-zine that she writes each week. I read "between the lines", looking at the auctions, seeing what kind of stuff she sells, etc. Because of her, I invested $20 in some silverplated flatware a few months ago. I bought what I thought was 2 complete sets from one estate sale. It was 2 partial sets and a lot of misc. pieces. I listed them mostly as one or two pieces together. I've made almost $200 so far and have a ton left in my store (a few more hundred $$ I would guess). Also......I paid back my "investment" in one auction, there was one spoon in the lot I bought from the estate sale that sold for $25 from the store (it went unsold at auction for $15)!

More about "The Queen", last year Lynn made $100,000 on eBay. I think that's after eBay and PayPal fees. Last year she was listing 100 items a week. So I figure 30 new items listed a week equals $30,000, 60 new items $60,000, right? Anyway, since eBay has lowered their listing fees, she's taken it up a notch and is listing 200 new items a week!! Can you imagine? Although she has 2 school aged children and I have 2 pre-schoolers at home with me 24/7.

You can't make money on eBay unless you list. And, the more you list, the more you sell!

P.S. This was my 100th post!!

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About Me

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DFW, Texas
I'm a married, stay-at-home mom to two kiddos in grade school. I love to save money as much as I like to make it! Coupons, thrift stores? Lead the way! But wait....there's more! I have a BBA from University of Oklahoma and I was a banker and an accountant before I became a domestic goddess!

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