- This topic has 12 replies, 4 voices, and was last updated 11 months, 1 week ago by
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Hey! Started flipping on Ebay seriously in April, and doing well so far. I’m a college student, so it’s really just extra money while I work on stuff for my career. Been flipping on and off since the beginning of high school. Mostly used to thrift shops for sourcing, but the podcast turned me onto my local auction and I’m doing really well so far. Hey all!
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Hey all! Yeah, college life flipping is interesting. We do have a mail room that UPS, Fedex, and USPS pickup from daily, so that makes things super convenient.
Jay, the friend reaction is overall positive. I’m known as the person that knows how to get nearly anything for cheap, so that is helpful with friends. My favorite reaction was “This is Lauren. If you are looking for anything, go to her. If she doesn’t already have it for sale on Ebay, she knows where to get it.”
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Hello, Trash Elves!
It’s two years later, and I’m still here. I branched out to Amazon FBA for books at the beginning of January. Additionally, I’ve now accidentally moved to be full time. I’ve lost my previous financial support and am paying rent, tuition, and life expenses completely on Ebay, Amazon, and FB Marketplace at this point. I started using Godaddy bookkepping and am keeping track of mileage. The new goal (other than survive the next 5 months) is to pay off about $3000 in student loan debt before it starts incurring interest in January.
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No, I’m still in school. I have about 3 months left till graduation. Thanks to my emergency fund, I have just enough cash right now to pay rent through the end of my lease in May. Now it’s just time to make money to afford everything else!
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Ah, you just post the support to pay everything outside tuition. Thats still a lot, but it sounds like you are well-prepared to sell enough to do it. Just think this: at least you’re accumulating no debt. Plus this is a valuable skill to have after college.
Just curious: did any of this tax advice make sense? I know it was super confusion to us when we first started.
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Hi, Everyone!
Yearly update- I’d like to be more active, but it seems like I just pop in every year to give an update.
In may I liquidated everything to move to Vermont to work in theatre. Discovered I hated it (thanks, 4 years of college)
Everything got paid off, I survived. Yay!
Moved back to my college town/ where my mom lives now and after a few full times and part times discovered I’m much happier flipping rollerblades and hankerchiefs then organizing mass chaos in theatre.
Lucky for me, since all this covid started the entire theatre industry shut down, but I’m still here on Amazon, Ebay, and looking to crosspost to Etsy for 3rd/4th quarter.
Last week I took out a capital loan of $3000 to rent warehouse space, ramp up inventory, and move out of my house with Ebay. Loving it so far, this week has been slow because there isn’t wifi at the warehouse, but that gets put in tomorrow. Also waiting for some shelves to be delivered at the end of the month, so the space just has everything in totes and flats on the floor, which is hectic.
I’m a big fan of auctions, but with the COVID situation and the mask debate, I’ve chosen to move to online only auctions for the forseeable future. Picked up from 3 this week, and the plan is to pick up as much as I can for as little as possible in the next 2 months and be turning a profit by month 3.
Sellthrough rate is up to 12% a month right now, but most things aren’t overly long tail.
With the expansion I’m able to move from my 200 item storage in my house to about 3k max capacity at the new space.
Definitely my biggest gamble lately, but the loans cheap (only paying a couple hundred interest over a few years) so I think it’s worth the gamble. Plus the loan included expanses for 3 months for the new space so I have some breathing room.
Listening several times a week, and learning new things every day. Thanks for the community, its great to be a part of!
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Thanks for the update. Many people announce themselves and we never hear from them again 🙂
I’m glad you had a chance to pursue your career and determine if it worked for you or not. It may come back around as you settle down somewhere. We need theater. I think an eBay business compliments working in the arts.
Very cool you have a new storage space. Start filling it!
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