We don’t invest in the stock market, we invest in real estate. But the people we respect who do invest in the stock market, they invest in index funds. This method of investing makes a lot of sense. Put your money away each month in low fee funds and never sell. Just let it accrue compound interest knowing that unless there’s a zombie apocalypse, the market always makes you money. Studies have shown that if you try to time the market, even the experts don’t do better than just “buy and hold” index funds.
This is similar to our “list it and forget it” strategy of listing items on eBay. Once we take clear photos, write a relevant title, and accurately research the price of an item, we just list it and let it ride. We know that the right buyer will eventually come along. Looking at our items every day would lead to utter madness. We’d always be wondering why something isn’t getting enough views or watchers. Most likely, we’d keep lowering the price till it sold, ending up making very little profit and spending all our time stressing out.
Why do we know that “list it and forget it” works on eBay? Because we’ve successfully (and relatively stress free) made a full-time income using this method since 2008. Each and every day for the last 2900 days, we’ve sold items for a good profit. Sometimes it takes only a week for an item to sell. Sometimes it takes 2 years. We never know what will sell each day, but we do know that something will sell everyday. All we need is a couple hundred bucks a day to own our freedom.
Maybe other sellers are smarter about timing their items and playing with their prices and keywords. They end and re-list items to possibly get higher in search. That’s awesome. We just keep plugging away, scavenging and listing items that are fun for us.
Join the conversation in the forum>>
Our Store Week Oct 15-21, 2017
Store #1
Total Items in Store: 5,834
Items Sold: 61
Cost of Items Sold: $105
Total Sales: $2,141.42
Highest Price Sold: $220 (antique cutting board)
Average Price Sold: $35.10
Returns: 0
Money Spent on New Inventory This Week: $75
Number of items listed this week: 20
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Bonanza/Trugether:
Sold 3 items for $75
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Store #2
Total Items in Store: 1100
Items Sold: 6
Cost of Items Sold: $21
Total Sales: $258.15
Highest Price Sold: $60 (J Crew long johns)
Average Price Sold: $43.02
Returns: 0
Number of items listed this week: 0
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Home › Forums › Scavenger Life Episode 331: List and Forget, The Buy And Hold Strategy Of Ebay