There’s an embarrassing amount “get rich quick” schemes that you can buy online that will supposedly teach you how to run an eBay or Amazon store. After reading some of them, we can strongly confirm that none of them teach you any secrets that you can’t easily find online for free or figure out yourself. I guess if you’re new to eBay, there’s no harm in buying a $3 Kindle eBook on how to run an eBay store. Usually you can read these in about an hour, and they give an overview of how to sell an item and some suggestions of items to look for. But it’s insane to pay a monthly/yearly fee to join a subscription club where someone just feeds you pretty basic info. I’ve seen gurus ask for $30-$50 a month, or one time payments of $500.
Of course, anyone is allowed to make a living by selling courses, and anyone is allowed to pay for it. This is the free market. People also pay money to televangelists. Just seems silly. From our experience, there’s no substitute for putting in the hours. eBay and Amazon is learning by doing. As you start selling items, then you’ll have specific questions that other sellers will answer for free. So it goes. Don’t be a rube.
This week we mention the following items:
—NY Times article about Etsy struggling to remain it’s “handmade” credibility as it goes public.
–Check out your Seller Performance to see if you’re a Top Rated Seller
–The Spring Seller Update has some small changes that mainly affect people running auctions
–Ryanne talks about this cool blog that shows the kinds of vintage computers people love to collect. So there is a market for the junky computers often shoved in the corner at thrift stores and yard sales.
–Mark S. from Southeast Michigan is starting a Scavenger meetup, email him here if you want to meet IRL (in real life) email@example.com
And we wanted to start doing a new feature where we point you to an old episode that might be interesting for newcomers who haven’t heard our archives. This week check out this episode where we discuss how we turned our hobby eBay business into a full-time business. Should answer recent questions about how we structured ourselves legally (no LLC).
The Weekly Scavenger Numbers
Our Store Week March 15-21, 2015
- Total Items in Store: 3768
- Items Sold: 52
- Cost of Items Sold: $315
- Total Sales: $2,597.43
- Highest Price Sold: $550.00 (Amplifier)
- Average Price Sold: $49.94
- International Sales: 3 (2 GSP)
- Returns: 1
- Money Spent on New Inventory This Week: $100
- Number of items listed this week: 91