Joined Jun 2019
L3: Novice
Forum Thread
making money by selling
October 14, 2020 at
01:18 PM
i am trying to sell items and make some money. i need some guidance if anyone out there is able to provide practical guidance on how to do this and make money.
It is so much work and I dont make more than a dollar each sale after shipping and fees.
include the time I am spending and the gas in my car etc, it is all wasted time.
How did you acquire product? every company or brand I reached out, already only deals with B&M or resellers with great online presence.
I started this as COVID has impacted me and my family completely and I do not think I am doing it right at all ... some suggedtions and encouragement would be awesome.
It is so much work and I dont make more than a dollar each sale after shipping and fees.
include the time I am spending and the gas in my car etc, it is all wasted time.
How did you acquire product? every company or brand I reached out, already only deals with B&M or resellers with great online presence.
I started this as COVID has impacted me and my family completely and I do not think I am doing it right at all ... some suggedtions and encouragement would be awesome.
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I would think your profit would depend on these things:
- What are you selling: This can affect your profit as different items will have different profit margins.
- How are you acquiring the products?
- Where are you selling? Fees and such can affect your cost.
- What is your income goal? Are your trying to make a living of it or just doing it as a hobby?
I used to buy/sell things when I was younger and still sell things when I want to get rid off thing every once in a while. It's a lot of work for not much money (ymmv) and there are easier ways to earn an income imo.
I hope your situation improves.
It is so much work and I dont make more than a dollar each sale after shipping and fees.
include the time I am spending and the gas in my car etc, it is all wasted time.
How did you acquire product? every company or brand I reached out, already only deals with B&M or resellers with great online presence.
I started this as COVID has impacted me and my family completely and I do not think I am doing it right at all ... some suggedtions and encouragement would be awesome.
Thanks smarty pants. I did not know that.
I would think your profit would depend on these things:
- What are you selling: This can affect your profit as different items will have different profit margins.
- How are you acquiring the products?
- Where are you selling? Fees and such can affect your cost.
- What is your income goal? Are your trying to make a living of it or just doing it as a hobby?
I used to buy/sell things when I was younger and still sell things when I want to get rid off thing every once in a while. It's a lot of work for not much money (ymmv) and there are easier ways to earn an income imo.
I hope your situation improves.
Thank you very much for your detailed response. It helps.
I was trying to see if i could make a living.
I reached out to many companies with products and all of them say the same thing - no special reseller discount as they are not looking for resellers.
One large scale laptop maker gave me a small business reseller account, and... wait for it, wait for it, gave that account 25% off, while they advertise upto 50% off on the website
Can't ride in his X5 because it's loaded with plasma TVs.
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Is that you, Donald?
I sold most of my items (mostly sourced from Kmart or Sears clearance) for between 300-500% profit over cost. Otherwise I wouldn't bother.
Walmart has taken the place of those chains in the clearance realm now, so much so that a seller in my area (30-40 miles from me) seems to exclusively stock their eBay account from the clearance.
include the time I am spending and the gas in my car etc, it is all wasted time.