Author Topic: EBAY side hustle  (Read 300 times)

Markywalberg

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EBAY side hustle
« on: March 19, 2017, 08:44:44 PM »
Hello, Mustachians's just asking for some advice here i recently started selling my clothing that i didnt want anymore on ebay to make some side cash and it sold for more then i expected so i started buying clothing lots on ebay and then selling that but I only really make maybe $30 bucks a month off of that if im lucky. Im wondering if anyone has a decent side hustle on ebay with clothing or other stuff that might bring in a little more per month and might be a little more sustainable? I might make $30 a month but for the most part it seems  kinda random since I only make money off of the few items that go for more then i expect.

ChpBstrd

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Re: EBAY side hustle
« Reply #1 on: March 20, 2017, 11:40:38 AM »
I've thought about this too. In theory, things sell for less in a small market than in a large market. E.g. that toaster that only brings $2 at a yard sale brings $6 on ebay because there is a larger audience of people looking for toasters there. We'll call this the markets spread

The trick would be to find things with a markets spread so big they justify the time and shipping costs.

How to execute on this theory? Probably 1,000 ways to do it.

One way would be to buy a junk car / motorcycle and sell the parts. People with a broke-down ride will pay extra for the convenience, and unlike the salvage yard, you have a national audience.

Another is to find antiques, art, or other rare objects for sale in small markets like yard sales or CL that you can resale on ebay.

A third way is to offer to sell all your friends' stuff for a 20-25% cut. Word will spread. There were some such shops in my town but they went under due to the costs of expensive prime real estate. A sole entrepreneur working from home could make it profitable if they could develop a referral network. Also, local advertising is cheap.

Ocinfo

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Re: EBAY side hustle
« Reply #2 on: March 20, 2017, 11:52:28 AM »
I use to sell on eBay a good amount (250+ sales) between 10 and 15 years ago. Focused on computer parts and kits but it eventually became unprofitable due to fees. It gets hard to achieve a spread when you're paying 15%+ to eBay and PayPal plus shipping costs. There are also many that sell directly from China that undercut on price.

There might be some items such as collectibles and antiques that you can get for cheap in LCOL areas that are worth a lot more in HCOL areas. If you're selling more commodity items then expect a single digit profit percentage and then you'll need to sell volume to make it worthwhile.


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bender

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Re: EBAY side hustle
« Reply #3 on: March 20, 2017, 12:19:10 PM »
I sell on Ebay as a way to get rid of stuff I no longer need / cluttering.  So the items I sell essentially cost me nothing and I would have donated them otherwise.  I think I pay about 10% to Ebay then another 3.6% to paypal.  Then add in shipping costs which varies greatly - I figure it costs me about 20% of gross to sell on Ebay.  I find it's worth it to me to unload some unwanted stuff and make some cash doing it.

I have not had much luck selling clothing.  I had some unwanted gifts new with tags that I couldn't return due to no receipt (some stores have gotten strict with return policies.)  I sold 1 out of 3 items, only selling the item with a good name brand, and listed for about 60% off retail prices.

I think one way you can make money as a side gig reselling on Ebay is through volume.  You would have to buy in bulk for very cheap prices and resell individually.  I think it's a lot of work and margins will be pretty slim as you have to pay for packaging materials and selling in volume will start to eat at your time (it won't be fun anymore).

Another way to make money buying and selling is to buy no-reserve auctions that sell for much less than market value and try to resell those items.  Again you'll probably waste a lot of time placing low bids and not winning much in the end.