iTunes YouTube Download .mp3 Download .ogg
“How Much Do I Need To List To Make A Living On eBay?” This is one of the most common questions that people ask us. The person knows they want to quit their job, they’re ready to courageously take the jump, and all they want to know if what they should do. All we can ever say is: “it depends”, or “read our Manifesto“.
This question especially becomes urgent as the slow summer sales begin and new sellers get totally freaked out because they aren’t making the same money they did during the busy holiday season. We point folks to a podcast we did last year on The Scavenger Equation. In the simplest terms, the amount of items you need to sell depends on how much your expenses are each month. If you live an expensive life with heavy debt, you need to sell a whole lot of old shoes. If you are frugal like us and have no debt, selling becomes a much more casual endeavor.
If you ask this question to a hundred eBay sellers, you’ll get a hundred different answers because we each have our own equation. Some scavengers have five kids and another on the way. Some have no kids and only have a cats to take care of. Some of us are just out of college and need to pay off student debt, while others are in retirement and just supplementing social security income. No one can really tell you how much you need to sell on eBay to make a living. You have to do the dirty work of working out a realistic monthly budget, cut out as many expenses as you can, and start listing.
In this episode, I mention this article about a whole batch of new online services that help people sell their stuff. These are the high end folks! They’ll always be leaving stuff for us Scavengers to find and sell.
Our Store Week May 22-28, 2016
- Store #1
- Total Items in Store: 3698
- Items Sold: 23
- Cost of Items Sold: $91
- Total Sales: $857.65
- Highest Price Sold: $150 (vintage headboard)
- Average Price Sold: $37.28
- Returns: 0
- Money Spent on New Inventory This Week: $100
- Number of items listed this week: 84
- Amazon FBA Store
- Number of items sold: 14
- Amazon total sales: $145.27
- Amazon FBA Fees: $75
- COGS (shipment to FBA included): $10
- Net profit after COGS: $60
- Sold 0 items
- Store #2
- Total Items in Store: 882
- Items Sold: 10
- Cost of Items Sold: $22
- Total Sales: $431.61
- Highest Price Sold: $90 (leather garment luggage)
- Average Price Sold: $43.16
- Returns: 0
- Number of items listed this week: 20
———-
Bonanza:
———-
Podcast: Play in new window | Download
Subscribe: RSS