Running a High-Volume, Low-Profit eBay Store
Right now almost all of my time has been dedicated to my eBay store.
I’d rather not post a link to it just yet, but I’ve been successfully doing business on there for over a year and a half. My techniques have continually been adjusted as I’ve been learning from mistakes and learning how to do business better.
My store is a cliche with used clothing and basically “thrift store flipping” that so many people jump to when it comes to online selling. Selling clothing is fiercely competitive. It’s also critical to get the items as clean as possible as well as having great photos and accurate measurements.
On top of that, you also need to have low enough prices to encourage people to purchase from you. I’m pretty sure that some of my prices were actually so low that people bought from me and then re-listed the items in their own eBay store for higher prices.
One of my problems is that I have a limited area where I can store my clothing once it’s been cleaned, photographed and measured. Because of that, I’m listing and selling items for extremely low prices to keep my inventory moving. This creates a high-volume but low-profit environment. But it’s still income, and my business model works as I’ve got a source where I can purchase my inventory for ridiculously low prices. I can still make profits selling items as low as $1.99, and that’s including deducting the item cost, the PayPal fee, and eBay’s fee at the end of the month. Read more…
Categories: Uncategorized Tags: eBay