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Making an ebay business full time.

The-Alchemist 1,371 November 12, 2012 at 12:58 PM
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I am really looking to get into this a bit more as I always did it as a weekend hobby. It's just I don't really know where to start to make a decent amount of money to live off of. I live pretty cheap and my goal for the first few months would only be 300.00 dollars as that would cover my rent. My biggest problem is constant stock of items to sell. I have been told by other ebay powersellers what they do is get a ton of stuff and sell it for only a few dollars of profit on each item.

Any ebay powersellers on here that can give me tips on how you work?

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#61
Being an Ebay seller is a tough business to be in especially if you sell used items. Ebay is totally slanted to the buyer these days. Buyers will try every trick in the book to get their money back after buying an item and Ebay will give them the money back.

Used items need to have every flaw no matter how small described. Photographs of flaws are good too. Ebay has certain keywords that need to be in listings for used as-is items to make it more likely you will win if a seller wants their money back.

Are you ready to meet the nearly 24x7 demands of buyers and potential buyers? Buyers and potential buyers expect near instantaneous responses to Ebay messages and email messages. Do you have a thick skin for the person who emails at midnight and then sends a nasty email at 6 am because they didn't get a reply yet? A lot of Ebay sellers list business hours and explicitly state they only answer communications during those hours, but many buyers don't read and will be upset when they don't get an answer outside of those hours.

If you go out of town and post notice of such you'll still get idiots who will buy your stuff and expect same day shipping even though there is a banner stating you won't ship until some future date when you are back in town.

If you have another job are you going to end up getting in trouble because you are trying to run your side business during work hours?
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#62
Quote from reader2580 View Post :
Being an Ebay seller is a tough business to be in especially if you sell used items. Ebay is totally slanted to the buyer these days. Buyers will try every trick in the book to get their money back after buying an item and Ebay will give them the money back.

Used items need to have every flaw no matter how small described. Photographs of flaws are good too. Ebay has certain keywords that need to be in listings for used as-is items to make it more likely you will win if a seller wants their money back.

Are you ready to meet the nearly 24x7 demands of buyers and potential buyers? Buyers and potential buyers expect near instantaneous responses to Ebay messages and email messages. Do you have a thick skin for the person who emails at midnight and then sends a nasty email at 6 am because they didn't get a reply yet? A lot of Ebay sellers list business hours and explicitly state they only answer communications during those hours, but many buyers don't read and will be upset when they don't get an answer outside of those hours.

If you go out of town and post notice of such you'll still get idiots who will buy your stuff and expect same day shipping even though there is a banner stating you won't ship until some future date when you are back in town.

If you have another job are you going to end up getting in trouble because you are trying to run your side business during work hours?
How often does this happen though to folks? I would say 9 out of 10 buyers are good buyers. You will always have that one who has expectations that not even they could meet. Those are the buyers who get blocked and you never do business with them again. I will agree there A LOT of DUMB BUYERS on eBay who expect small time sellers to be like huge corporations, thinking everyone is sitting by eBay waiting for their message. But just keep it professional, learn from your experience and keep on pushing and it will have its reward.
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#63
Quote from blackblaze View Post :
How often does this happen though to folks? I would say 9 out of 10 buyers are good buyers. You will always have that one who has expectations that not even they could meet. Those are the buyers who get blocked and you never do business with them again. I will agree there A LOT of DUMB BUYERS on eBay who expect small time sellers to be like huge corporations, thinking everyone is sitting by eBay waiting for their message. But just keep it professional, learn from your experience and keep on pushing and it will have its reward.
It only takes one or two returns a month to kill your profits for the month. Yes, buyers are supposed to return things, but they don't always come back in the same shape they left. You're still out the shipping costs usually.

My brother had someone claim they never received a shipment. My brother was pretty sure it was a scam, but he had to spend a lot of time going back and forth with Ebay before he convinced Ebay the buyer had received the item. The buyer claimed the shipment had been sent to the wrong address which was why the tracking number showed delivered.

I'm not telling folks not to sell on Ebay. Anyone doing it just has to realize that doing it as a business can be a huge commitment.
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My bank account: -$33,253
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#64
Quote from blackblaze View Post :
Interesting info...
A sales tax permit takes away the responsibility of collecting taxs on items sold in your state?
If you get a Reseller's permit, you can buy an item for resell without paying sales tax. If you plan to use the sales tax-free item for personal use, then you are required to pay sales tax on that purchase.
http://www.wikihow.com/Get-a-Resale-Number

Sellers of taxable goods must hold a Seller's permit. If you sell the item to a buyer located out-of-state, then you are not required to collect sales tax on the item(s) sold. If you sell the item(s) to a buyer located in-state, then you are required to collect sales tax on the item(s) sold.
http://www.legalzoom.com/addition...it.html‎
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My bank account: -$33,253
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#65
Quote from ViciousTide View Post :
Business Licenses and annual license fees are not cheap, same with sales tax permit
Not being in compliance with the laws is more expensive. Court costs, attorney fees, penalties plus interest on back tax owed, fines and jail time(loss of personal freedom).

Quote from ViciousTide View Post :
hosting services of ecommerce websites
If your hosting costs are more expensive than Ebay's fees, then it would be smart to sell on Ebay instead your own eCommerce website. Vice versa.

Quote from ViciousTide View Post :
let alone credit card fees.
If you do lots of business you might be able to save more money. A merchant account might be less expensive than Paypal. Vice versa.
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#66
Quote from SlickDaddy View Post :
If you get a Reseller's permit, you can buy an item for resell without paying sales tax. If you plan to use the sales tax-free item for personal use, then you are required to pay sales tax on that purchase.
http://www.wikihow.com/Get-a-Resale-Number

Sellers of taxable goods must hold a Seller's permit. If you sell the item to a buyer located out-of-state, then you are not required to collect sales tax on the item(s) sold. If you sell the item(s) to a buyer located in-state, then you are required to collect sales tax on the item(s) sold.
http://www.legalzoom.com/addition...it.html‎
But most won't present that permit as most retail stores don't like selling to resellers. Unless you are buying from a source that caters to resellers, using this permit tips your hand as a reseller those stores peg you for reselling from that point on when seen in the store or banned from ordering online, even when you need something for personal use.
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My bank account: -$33,253
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#67
Quote from blackblaze View Post :
But most won't present that permit as most retail stores don't like selling to resellers. Unless you are buying from a source that caters to resellers, using this permit tips your hand as a reseller those stores peg you for reselling from that point on when seen in the store or banned from ordering online, even when you need something for personal use.
Why would stores ban someone for reselling? If someone buys a product for personal use or resell, the store makes money. If someone does not buy something, the store does not make money. What is so wrong with reselling? Stores buy products from manufacturers, markup the price and then resell the products to customers.

If you present a tax-exemption permit to buy something that is not on sale or a "slick deal", the store manager will realize the price is too low and raise the price. The price will also increase, if the store is selling large quantities of the product.
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#68
Sometimes, i just have to shake my head at the bad information that is spread on this forum. And i'm willing to bet that these "business experts" never ran a business.
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#69
Quote from SlickDaddy View Post :
If your hosting costs are more expensive than Ebay's fees, then it would be smart to sell on Ebay instead your own eCommerce website. Vice versa.
Completely disagree with this advice.
The hosting fees are a drop in the bucket for a small store. The expensive and difficult part is getting buyers to see your items. Ebay excels at this and one person on a tiny budget has basically no chance at all.
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#70
Small Business Administration(sba.gov) and Score.org can help you start a business.
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#71
Quote from blackblaze View Post :
But most won't present that permit as most retail stores don't like selling to resellers. Unless you are buying from a source that caters to resellers, using this permit tips your hand as a reseller those stores peg you for reselling from that point on when seen in the store or banned from ordering online, even when you need something for personal use.
100% disagree.
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#72
Quote from WildChickenDanc View Post :
100% disagree.
Enlighten us please....
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#73
Quote from blackblaze View Post :
Enlighten us please....
Nah, I don't need to give away strategies.
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