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Make Sure Ebay is Actually Making You Money |
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Just a word of advice: I see a lot of articles and feedback on many thrifty websites suggesting that a great way to make extra money is to sell on Ebay. PLEASE PLEASE be careful that you are actually MAKING money in the long run! I have sold and bought off Ebay for quite a while now and there are times when the cost of driving to the post office, or the packing materials, or even the time involved in listing an item negates the earnings.
And PLEASE watch out for Ebay's fees. They can mount quickly and then you discover that after selling a ton and cheering for your windfall, half of it goes right back out the door to Ebay. I think Ebay is a great sales tool but some things are really better sold on craigslist (no fees), private chat boards (like Diaperswappers for us cloth diapering moms) or at a yard sale. By all means, use Ebay but please be careful.
Victoria from Carpentersville, IL
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RE: Make Sure Ebay is Actually Making You Money
I have never used eBay but I have done quite a bit of shipping for my business...you can get free shipping boxes from USPS or UPS or FED EX. USPS has also has a flat rate Priority Mail box that you can ship anywhere in the US for $8.95 up to 70 lbs. I do not remember what Canada or International rate is but if you go to http://www.usps.com/ you will find a lot of info. You can save time and gas money by ordering any materials and/or postage online (you can sign up for a free account) and they will deliver it right to your door and once packaged will also pick up right at your door. I believe UPS http://www.ups.com/ and Fed Ex http://www.fedex.com/ do the same. For packing items, I use the shredded paper from my paper shredder (another freebie) and it works beautifully! This way of shipping basically eliminates the cost of most all packaging and you can keep your eBay shipping costs low. Alot of eBay sellers jack up the shipping costs way too high because they count their time, gas and materials...shipping from your PC eliminates all that. Hope this is of some help!
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RE: Make Sure Ebay is Actually Making You Money
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Post By Cathy (Guest Post)
(09/28/2007)
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I couldn't agree more. In between the amount of time it took to list items, the fees and charges added up, not to mention buyers who disappeared and the hassle involved getting Ebay to refund the fees charged, etc. I broke even at best! No more Ebay selling for me!
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RE: Make Sure Ebay is Actually Making You Money
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Post By Regi (Guest Post)
(09/25/2007)
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Can you post that Craigs List site address. I have tried to find it but so far no good. I'm tired of ebay myself. I bought a pair of earrings that looked like they may have been as large as the topsection of your little finger, when I got them they were about the size of a short fingernail. I know this was done purposely, but I don't complain because it was a lesson learned.
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RE: Make Sure Ebay is Actually Making You Money
Yes, ebay auction sucks buyers...just an exprience...my cousin bought a small item worth 1 dollar but the shipment was 30 dollars...
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RE: Make Sure Ebay is Actually Making You Money
another very important point see that if you buy on ebay and then decied to return for what ever resson make sure you get your money right way back or report it to ebay with in 60/90 days if not you may have a big problems .My brother is having this issue now he purchased a Laptop when he recvied it was not working right so the seller said to send it back and he will refund him this was last march he has not been refund his $150.oo ever time he contacts the seller theirs another excuss or dose not answer his email and ebay said they can not help since it is over the time so watch out and if anyone has any ideas to get the money back please let me know thanks pattyg
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RE: Make Sure Ebay is Actually Making You Money
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Post By Carol in PA (Guest Post)
(09/12/2007)
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You are very right in your thoughtful post. When I sold on Ebay, I made a spreadsheet on the computer to track assets and debits. I recommend that to everyone who sells on Ebay.
I had a good experience. I had a spring garage sale and profited $800 that spring. It is hard work and makes your house messy, but well worth the time if you put forth the effort.
Dont forget to recycle mailing products. Try to be frugal where you can, but not to the point where products arrive damaged. I sometimes split my mailing tape in half lengthwise to attach a paper label used to cover the old writing on my mailing envelope. It makes the tape go twice as far.
Good luck
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RE: Make Sure Ebay is Actually Making You Money
Case in point..My cousin was so THRILLED to buy a small decorator plate ( 6")on EBAY, her bid was one penny. YES she won the bid and it cost her $6.00 in fees/postage. I said to her, Couldn't you have gotten a small plate like that at Wal-Mart or at a yard sale for 25-50 cents? She said "Oh maybe"it was just that fact that she was able to "win" a bid at one cent... huh...WIN???? LOL Be careful is right. Great granny Hugs,Vi
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RE: Make Sure Ebay is Actually Making You Money
I've been selling on eBay since 2002 as a hobby.
Yes, I have to admit that eBay's listing fees, final value fees and credit card fees can eat into your profits.
But I didn't do too bad because I was able to save all of my profits and just paid cash for a new vehicle this year.
Marge from NY
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RE: Make Sure Ebay is Actually Making You Money
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Post By theoannie (Guest Post)
(09/10/2007)
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wow You hit it right on the head! Ebay is one of the most time-consuming things to do, and sometimes you have to consider all the things you said. I also resell great used books on half.com, which is a subsidiary of ebay, but only takes seconds to list, compared to many minutes with ebay. Ya also gotta watch that most your profits are not going back in to get more things to sell. How well I know that, and gotta watch myself constantly. Craig's list is a great idea, but aren't mostly large cities where the ads are from? Diaperswappers sounds so cute. thanks for reminding us. Annie
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RE: Make Sure Ebay is Actually Making You Money
that's pretty much what my experience was when I sold my collection on eBay, you really have to watch that your enterprise doesn't turn into a charity benefitting eBay. And I had not heard of Diaperswappers, thanks! I just need some old soft diapers for cleaning around here, I'll go look into it.
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