12-23-2014 02:10 AM
12-23-2014 07:36 AM - edited 12-23-2014 07:37 AM
Interesting question.
"Has anyone actually made money advertising their products though television"
"Has anyone actually made money advertising their products though radio"
"Has anyone actually made money advertising their products though magazines"
"Has anyone actually made money advertising their products though newspapers"
"Has anyone actually made money advertising their products going door-to-door"
"Has anyone actually made money advertising their products renting a table at a flea market"
"Has anyone actually made money advertising their products though a store at the shopping mall"
"Has anyone actually made money advertising their products though their own website"
"Has anyone actually made money advertising their products though online venues such as eBay"
The short answer is yes some people have made money while others have not and that applies to all venues listed above.
Making money is a function of the seller, the products, their demand, their sourcing, their pricing competitiveness, shipping cost (if applicable), service, etc.... The venue (eBay or elsewhere) is a small component in that equation.
First thing to determine is: Do you have products for sale? Do you know those products? Do you have regular and reliable suppliers? Are the products conducive to selling by mail (mattresses for example would not qualify)? Is your pricing competitive (have you really checked what your competitors are offering)? Do you understand the costs of being "in business"?
Mail order business also known as "direct marketing" (that is what eBay is all about) is not for everyone and not for every product.
Sell what you know... Know what you sell.
Good Luck
12-23-2014 11:44 AM
I've certainly made money selling on eBay, but that begs the question: how do you define success on eBay (which is a different thing from simply making some cash now and then)?
I think success on eBay has many, many definitions. For some, like me, it's being able to work independently and run my own creative business making a part-time income. That's all I need to do to call it a success.
Others may feel they're not successful unless they can make a decent full-time income after all expenses. Some may define success on eBay as being able to get some pocket money out of spending a few hours a week selling. Others may be running a full-out commercial enterprise which is only one segment of their overall business activities.
All these are valid definitions of successful eBay selling. But they all have in common the underlying requirements Pierre pointed out, which can be boiled down to one piece of advice for all sellers on eBay (and which applies to any kind of selling or commercial enterprise at all): do your homework.
Learning about how eBay works, knowing eBay's policies and rules thoroughly, studying what competitors do, researching prices and costs, taking tips and advice from wherever you can get them, and applying some cool-headed realism before you start, will help to ensure you actually do make money here.
By the way, why do you ask? Have you tried selling and find you're not making any money, or at least not as much as you thought? Why not post your specific concerns here, and perhaps some of the experienced sellers can help.
12-24-2014 09:13 AM
yes people has actually made money on ebay. It's a lot more work recently and I haven't been as involved the last few years. But it is possible 🙂
12-24-2014 09:40 AM
Hi Nan.
Long time no see.
Best Wishes to you and your family for a Merry Christmas
12-24-2014 10:52 AM
12-24-2014 10:57 AM
Yes, we purchased our new home in Napanee about a month ago and will be moving in the spring:
http://community.ebay.ca/t5/Canada-Town-Square/We-are-moving/m-p/287352#U287352
12-24-2014 11:03 AM
12-24-2014 11:40 AM
Now I know what to do.
I will attempt a fusion of Stamps, Car Parts, Homemade Jams & Dental Floss from PJ.
I'm gonna be rich, rich, rich.
Anyone care to invest ?
Merry Christmas, Happy Holidays everyone, especially the Great Advice I received from my friends here offline.
Wanted to start a Happy Holidays thread, but was afraid it might / would have been moved.
12-24-2014 11:46 AM
@mr.elmwood wrote:10% of the sellers do 90% of the profit.
Nan, Pierre, myself, are part of the 10%.
It is work, 24/7 work.
I can honestly say that when i started I didn't think it was going to be as much work as it is. I'm definitely not complaining because it is work, that most days, I find enjoyable and it beats punching a clock for some other master.
You can make money provided you put in the effort.
On one of my first business ventures years ago somone asked me what was the best thing about being your own boss and I replied that it was definitely setting your own hours, coming and going as you please, calling all the shots. They also asked me what was the worst thing about being your own boss to which i replied setting your own hours, coming and going as you please, calling all the shots. I can't really claim to be the original person who put it that way as I had heard it somewhere before that but it is true. It's very easy to slack off and not put in the work when there is no one driving you.
All of that being said, I am pretty happy with where I am having only been doing this a couple of years. This last coiuple months have by far been my best to date and of course Christmas has a lot to do with that but still they by far eclipse my holiday seasons to date.
Anyway, in addition to the hard work, I truly believe that the keys to success on Ebay are what many others have said before "Know what you sell and sell what you know." Every time I try to branch out into something outside of my comfort zone it usually doesn't go well, not catastrophic but not successfully either.
All the best, and good luck.
Cheers,
thD
12-24-2014 12:34 PM
The " Good Ole Days " are long gone, now we really have had to work our stores the past six months.
It can still be done, experiment with shipping rates, advice I received from a friend offline, try the Best Offer Option, sure some ridiculous offers, but some good ones also.
The eBay Fee Calculator is a Great Tool, use it to your advantage.
In my category one has to Start Over as listings are bursting at the seams, just the new reality.
Diversify, add similar, but different items to draw traffic.
I still think one can still make money, but focus on tomorrow & not yesterday.
12-24-2014 12:43 PM
I still think one can still make money, but focus on tomorrow & not yesterday.
Very well said.
Merry Christmas BB.
12-24-2014 01:55 PM
Like Pierre, I have been selling on eBay for 16 years. If I didn't make a profit, I wouldn't continue. The income I make is modest, certainly not a full-time income, but as a retiree, it is a supplement to a state pension. Plus being disabled and with a sick husband, it gives me something to do and keep occupied.
Selling has become harder, when I started there was only .com,, only auctions, no Paypal, all cheques and money orders which took and age to arrive and clear, no stores, NO DEFECTS! I still enjoy selling and have made some great friends over the years.
12-24-2014 03:16 PM
My best wishes of the season to all my "colleagues" here. Have a safe and happy holiday, and shut down those computers for tonight and tomorrow.
BTW, if any of you guys west of Nova Scotia could send us some snow for Christmas, I wouldn't mind it. They're predicting rain and 14 degrees tomorrow here! Not too good for a sleigh ride. Jingle bells anyway to all!
12-24-2014 05:01 PM
@rose-dee wrote:
BTW, if any of you guys west of Nova Scotia could send us some snow for Christmas, I wouldn't mind it. They're predicting rain and 14 degrees tomorrow here! Not too good for a sleigh ride. Jingle bells anyway to all!
Heh, that's what we have in Toronto right now and the weather network just popped a "Wind Warning" for us here too.
Merry Christmas, lol :{)=
Cheers,
thD
12-24-2014 05:43 PM
Chiming in to say best wishes and Merry Christmas or Happy Chanukah to my fellow boardies.
Was just remembering how it used to be on the board years ago. Remember the ugly items contest? I think I won a 3rd prize one year and we actually received prizes from the Canada ebay team! I think I got an ebay cap that time. Still have it too.
Well, I guess the profit is better now, but the fun has almost disappeared. Anyway, enjoy the holidays!
12-24-2014 07:54 PM
@treasure.hunter.d wrote:
@mr.elmwood wrote:10% of the sellers do 90% of the profit.
Nan, Pierre, myself, are part of the 10%.
It is work, 24/7 work.
I can honestly say that when i started I didn't think it was going to be as much work as it is. I'm definitely not complaining because it is work, that most days, I find enjoyable and it beats punching a clock for some other master.
You can make money provided you put in the effort.
On one of my first business ventures years ago somone asked me what was the best thing about being your own boss and I replied that it was definitely setting your own hours, coming and going as you please, calling all the shots. They also asked me what was the worst thing about being your own boss to which i replied setting your own hours, coming and going as you please, calling all the shots. I can't really claim to be the original person who put it that way as I had heard it somewhere before that but it is true. It's very easy to slack off and not put in the work when there is no one driving you.
All of that being said, I am pretty happy with where I am having only been doing this a couple of years. This last coiuple months have by far been my best to date and of course Christmas has a lot to do with that but still they by far eclipse my holiday seasons to date.
Anyway, in addition to the hard work, I truly believe that the keys to success on Ebay are what many others have said before "Know what you sell and sell what you know." Every time I try to branch out into something outside of my comfort zone it usually doesn't go well, not catastrophic but not successfully either.
All the best, and good luck.
Cheers,
thD
You can make money provided you put in the effort.
Scanning on "lots" in MB and SK a couple months back, I found a fella selling a pile-o-parts. 350 kliks roundtrip, cost me, gas and parts, $475. I have listed around $5000 out of that with another couple grand to go. I hit one (1) part I have listed for $400 US. That was bracketed with a $250 part and a $200 part, followed by a $93 set.
I have passed on stuff going "I don't smell money".
This pile, I stood there and said to myself "I smell money".
I don't go anywhere near stuff I don't know, can't "smell the money".
Pierre: "Sell what you know and know what you sell".
I personally, first person, know people who have hit scores. Who hit one after another.
The money is out there.
01-01-2015 01:49 PM
01-02-2015 06:10 AM
Selling on eBay can be a "wild"ride.
I see many sellers with problems... specifically on eBay.com
In 2014 we had the hack, the cyberattack...... and then the exchange rate has kicked up the value of everything listed in US dollars and then converted to Canadian dollars.
One has to know what do do... and Canadian sellers do appear to have the ability to make appropriate adjustments... something that many US sellers do not know what to do....
and ... Many times it becomes..
Knowing what not to do ... as a critical factor with dealing with eBay's rules.
I have two goals on eBay..... One should be achieved in 2015... and then the second goal within four more years....
and then ... we shall see....
01-02-2015 09:07 AM