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Hello to all
I’m Ed and been a seller on Ebay since 1999. I grew up in Orlando since 1966. I am retired from a small liberal arts college in the Orlando area and moved to Hartwell Ga last July. I’m 61 and retired so I only rely on my Ebay income to supplement my Social Security. I always knew I could make as much money selling on Ebay as I did at my career but I had to get my retirement benefits and a guaranteed lifetime income before I took the plunge. In addition to being an Ebay seller I also own an AirBNB property in Panajachel Guatemala whick does very well.
I’ve been following Jay and Ryanne for about 2 years now. I have other podcasts that I listen to but SL has some of the best information on the actual running of the business that I’ve found. I also like Bonifide Hustler as he has come good info but I don’t like his constant pushing to join his paywall group for “extra information”. But he is a smart guy and I’ve learned a lot of product information. There are others that I listen to but I am religious about listening to S Life
I am a list it and forget it guy, always willing to wait for my price on an item. I’m comfortable making about $2500 a month. I could always step it up a notch if I wanted for more income and may do it next year but I’m about where I want to be for now. Sourcing in a small rural town can be a problem sometimes but I am only and hour away from Greenville SC or about 1.5 away from Atlanta.
So thanks Jay and Ryanne. You’ve been very helpful. -
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Hi Ed,
What’s the “falcon” part in your name? 😉
How many items do you have in your store?
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We have a full time Guatemalan national that has been working for my Dad since he was 13. He takes care of everything. He makes a base pay of $125 a month and has had the opportunity since we opened the house on AirBNB of making extra money as a tour guide and as a concierge of sorts. He actually does very well on the side and is very enterprising.
https://www.facebook.com/Chalet-Paraiso-Del-Valle-Panajachel-637556376417035/
My Dad built the house about 20 years ago and it was designed to one day be a B&B or a Hostel. I had intentions of going down and opening a Hostel when I retired but the AirBNB is thriving
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If you remember the mini series in the ’70s RICH MAN POOR MAN, my nickname comes from a character FALCONEDDIE actually spelled falconetti
I was working at my dad’s Volkswagon show and the guys there started calling me falconeddie (My name is Eddie) and it stuck. My brothers still call me that to this day. So when I started on Ebay in 1999 I needed a SN and used falconeddie but it was already taken so I took falconeddie1
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Here is some photos from the Panajachel property. We are on a volcanic lake at about 4500 ft. There are 3 volcanos surrounding the lake and the shuttle boats take you to the villages on the other side. This is a popular destination for European, Canadian and intentional travelers. A lot of college aged backpackers and ex-pat Americans. Lots of artists and musicians living here.
The facebook page is a work in progress.
https://www.facebook.com/pg/Chalet-Paraiso-Del-Valle-Panajachel-637556376417035/photos/?tab=album&album_id=637564856416187 -
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Missed the question about quantity of items in my store. I have a basic subscription which gives me 250 items. I have about 160 now and just started adding. I try only deal with items above $30. I’m in my summer slowdown doing some traveling etc and will get back to 250 items by early September in prep for business picking up.
I’ll re-evaluate my situation then and decide if I want to increase my store size during the busy season. Right now, I’m good with my income and like to keep my summers free for travel etc. The 160 items are just kind of a place holder. I actually have a good amount of stock for the season accumulated. Sourcing has been going well. I’ve been doing very well on Craigslist items recently (about $1000 a month) building up my cash reserves for my buying trips.
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In the last month I’ve sold a few sets of very expensive water ski, some commercial air purifiers from a dentist office, a 7 1/2 HP motor and pump, a few expensive Motorcycle helmets, some furniture. I only sell things that are too expensive or cumbersome to ship.
I like to do as much cash business as I can. -
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