If you follow me Twitter, you might have read this morning where I was getting an eBay purchase ready to ship and decided to blog about it. Kind of a "success story" if you will. :)Last spring I purchased 3 kids snow bibs (overalls) at a thrift shop for $2 each. I placed them all in my eBay store at the time. Remember spring selling on eBay is all about Easter, not snow!
First up , a pair of Barbi snow bibs in excellent condition (looked like a Walmart brand & was missing the matching jacket) sold about 4 or 5 months ago for $13.97. I shipped those to Canada, so the timing of the purchase makes more sense.
Today, I sold and shipped a pair of Columbia snow bibs. They were navy blue, in excellent condition, and sold for $27.97. Plus, I still have a pair of kids Obermeyer's left in my store at $17.97. ***Update*** The Obermeyer pair sold on October 25th, just 3 weeks after this post. :)
Looking at all 3 pairs, once the 3rd pair sells, that will end up being about $60 in gross sales. With only spending $6 for the snow bibs, my inventory only cost me 10%. I only pay a little to PayPal and eBay after that, but once it's all said and done it's about 25-30% in inventory and fees and 70-75% profit. Impressive business model overall, I'd say! And $60 is certainly not bad off of a $6 investment. I have no knowledge of cold weather wear, I've never even been skiing. I took a small chance (as far as my experience on the items) and it is paying off. As usual, I think the key to success on eBay is listing items in a "store" and being very patient. Once you have a few hundred items listed, you should be selling something every day or so.
Have an eBay success story? I'd love to hear it! :)
3 comments:
How do you make an eBay store?
Just sold some books I spent around 3 bucks on for $25.00 and sold a NWT pair of Gymbo tights for $8 bucks only paid .99 cents for... not bad not rich but deff. not bad! I sold not to long ago a lot of books for $80.00 and only had $2.00 in them total!!!
I'll address the eBay store question seperately....
Amy, awesome on books! What kind are you selling? I like selling books too, but hate how heavy they are (as far as storing them). Are you doing them in lots?
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