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Ebay and results

December 28th, 2006 at 03:38 am

I hope everyone had a relaxing and enjoyable Holiday! Mr. Bean and I spent some time with family in another state, but we're now back at our own home. While visiting my parents I took a look with a critical eye around my childhood bedroom (as well as at the gifts given to us by Mr. Bean's father-- he owns a boutique uses the excess inventory as gag gifts) for potential Ebay items. I found a few possibilities, but decided to run the numbers on my eBay debut earlier this month to see just what my profit margin looked like.

In my first attempt as an eBay seller I listed 3 items in a 7-day auction (in mid-December 2006):

Item #1: NWT (new with tags) shirt: no bids: Cost to list: $1.10
LOSS: $1.10

Item #2: Gently Worn Merrell Shoes: Sold at the Buy it Now Price of $24.99 + 7 S&H
Cost to list + Commission: $2.41
+ actual shipping = $4.80
(Net expense of sale) = $7.21
Profit: $24.78

Item #3: Insect Paperweight (a 2005 Xmas gift from FILís shop): sold at auction fro $3.50 + $3.00 S&H
Cost to list + Commission + PayPal Fee: $2.07
+ actual shipping and padded envelope= $2.36
(Net expense of sale) = $4.43
Profit: $2.07

TOTAL eBay income: $25.78 was much more profitable for me. I sold 6 books (including one $50 textbook). After shipping and commissions, my net gain was $48.43.

After analyzing the results, I will continue to try to sell items on eBay, but I will be careful when creating my listing to minimize fees (something I failed to do this first time around). I also think I will be judicious in what I sell and focus only on larger ticket items. Obviously the shirt was a loss and the paperweight was barely worth my time.

I am an avid reader, but donít have a lot of room for books, so I will continue to use to thin out books I donít plan to read again. When shipping items, itís best to use small boxes lying around the house, but when boxes are unavailable, I found the best place to buy padded envelopes is the Dollar Tree where they are sold in packages of 2 envelopes for $1.00.

2 Responses to “Ebay and results”

  1. LuckyRobin Says:

    That's good to know. We just had a dollar tree open in town.

  2. boomeyers Says:

    I try to go as cheap as possible on the ebay listings too. I really like it when they run their specials , like .10 or .20 per listing. I wait for those, then list like crazy! I was bummed they have'nt run any lately!

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