Well here it is everyone the long awaited post about my first month working on eBay and amazon!
So to start off it has been a very big learning month for me! I spent many many nights on the computer figuring out what would sell, how to sell how to take pictures, etc! I red a lot of blogs and watched a ton of youtube videos! I have been focusing on eBay for the most part because i find it much easier to work with, although i did have a few sales through amazon as well.
When i first made the decision to sell on eBay i immediately went and raided the thrift stores! I took the scanning apps on my phone (the eBay and amazon seller app) and researched everything while i was shopping to see what i could bring in the most profit with. This became very overwelming! The thrift stores around here are pretty big and i just found i didn’t know where to start. So i purchased some odd items such as games, clothes purses and toys. I have had some success through them but found that i wasn’t getting much profit because i had to use the money i made to go purchase new inventory. Thats when i really started researching and found the best place to start building up your inventory is your own home! Thats right the average family of 4 has over 2000$ worth of items they no longer use or need. So i started digging around and have sold some toys and some clothes. Then a family friend gave me 3 large garbage bags full of brand named clothes and i started to list them as well. Sounds pretty good right!
Well heres the part that got a little tricky. eBay has seller limits, meaning as a new seller your only allowed to list and sell so much until you built up a reputation and they will be increased. So i could only sell/list 20 items or make 2000$ whichever comes first. So i reached my 20 items and could no longer list for the month. Now my limits have been increased and i can list up to 60 items of 4000$ whichever comes first and it will be reevaluated at the end of next month.
So to sum this up i have been doing fairly good with eBay and i am looking forward to increasing my limits and being able to make more profit this month. I am working on an inventory spreadsheet which will shop me how much profit i actually made and i will be sure to give you guys a ball park number once i have that finished.
Now onto amazon! I find amazon much not strict and you don’t have the freedom to customize your listings as you please. You have to use an already made listing and compete with others selling that item through price. So i sold 2 textbooks through amazon and that has been the only luck i have had with them last month.
I am researching something called “Amazon FBA” which is where you list items send them into an amazon warehouse and they store them for you. Most people do this and seem to have quite the success rate! So it is definitely something i will be looking into in the upcoming month.
One of the main cons i have found with amazon and eBay is once an item is purchased the funds are not automatically released into your bank account. It can take 2-3 weeks which was hard at first because i was investing money that wasn’t coming back quick enough! So i am trying to be a lot more careful in regards to that.
I am going to link 2 youtube channels that have really helped me out on my journey so far!
The first lady is a mother who works full time selling through amazon and eBay. She also homeschool her children and still makes a full time income. I encourage you to check her out for lots of information!
The next is a young couple. The man sells on eBay/amazon full time and i believe the wife may have another job but also helps the husband out as well. They have been very helpful as well.
So i hope this post has been informative in some ways. I am by no means an expert at this. This is just my experience in my first month. I will say i have had a few set backs as my internet was out for 2 full weeks which made it almost impossible to list so i’m hoping to have a much better outcome this month. I really encourage people to look into this as it can be a hobby or a full time job. Or even if you want to do your spring cleaning and list stuff you don’t want. People can be very successful and i’m so excited for this next month. See you all soon, Jamie ❤