How Much Money Can You Make on eBay?
How much money can you make on eBay? This is a question that I get all of the time, and is very easy to answer with another question: How much do you want to make? The amount of time spent on your eBay business will be a direct reflection on how much you make.
In May of 2003, I sold my first item. It was a Milky the Cow toy with all of the accessories. I really did not expect to make a lot for this item, but I made a starting bid of $5 and had it listed for 5 days. Every morning I would wake up and check online to see what the auction was up to. It was pretty slow for the first few days, but on day 5 just before the auction ended, there was a bid. Just one. The auction ended, and I only made $5 before ebay fees. Matter of fact, I lost money after shipping. I really wasn’t upset. This was not a full time job for me (then), it was just an item I had laying around the house. But I was intrigued. Why would someone even pay $5 for a Milky the Cow toy? This started my journey.
As the years passed, I had sold quite a few items for friends and family members. I had even sold more items from around the house. But then, on a cool April morning, my life changed. My employer, which whom I had been working for the past seven years, had to layoff some employees. I was one of the unlucky ones. My wife, two month old son, and myself had just moved to a new city four months prior. With no job and a family to support, I started to brainstorm. I really enjoyed eBay as a hobby, but what could I sell that would support us?
Two weeks in, I had everything in our house that was worth value, on eBay. As I am getting ready to ship out some items, I realized that I had run out of shipping tape. I told my wife that I was taking a break and going to Target to get some more. This was almost a relief for me. I was stressed that I was jobless, and I knew walking around Target mindlessly would be a comfort. Once I arrived, I grabbed my shipping tape and start to wander around the electronics department. I noticed two employees unloading a large shipment onto an end cap labeled 75% off. They were all Guitar Hero games with the guitar. And it came to me. I could sell those! They are 75% off, I jumped on my cell phone, went to eBay.com, and looked up the completed listings. A big smile came on my face as soon as I saw that they were going for about $75 more then what I could buy them for. I quickly stuffed six of them into my cart. That started it all! That month I made over $2,000 profit! And it just snowballed! I now knew the power of eBay! People will buy anything on eBay, so it was up to me to make sure I could sell it to them and still make money.
I started with Target, then moved from store to store, and found items that were available on a consistent basis. I started to have repeat customers. Now I shop more than 12 different retailers a week, and I do not plan to slow down at any time. As I tried different products to sell, I saw my profits fluctuate. So that’s why I am glad you are here! You will not have to make those mistakes! I want to share my information with you! I want you to be successful! So, how much money can you make on eBay? Well, the true answer depends if you want to do this part time and make $1,000 a month, or if you want to create a business online full time. The question is, how much do you want to make?
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