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| *Ostroff, Fair and Company>>>Other - Advertising & Marketing |
How can i get rich on ebay? |
How can i get rich on ebay? Well, you got to sell for a 10% profit margin, and be able to pay all your overhead and deal with CREDIT CARD CHARGEBACKS when someone is not happy. I was a powerseller for 4 years, and made less and less money each year. There is too much competition, I dealt in furniture, electronics, antiques, coins, and baseball cards. My gross margins were about 20% at first, and after fees/expenses, I was making about a 11% profit on revenues of $250,000 a year. So i was earning about $30k a year, but was working 70 hours a week. The year that I quit, I actually had a 5% margin, the buyers dried up. Too many sellers flooded my categorys, and was making about $100 per week. Why do you see all the old powerseller's getting out of ebay, and turning to infomercials to tell you how to get in? Because the market is flooded with sellers, and the margins are too low now to make any money. Back when I started, I was 28 and was one of ebay's first 40 powersellers. Now, only a couple remain (one of them are the CD people) and the other one still making money sells books, but he owns a christian bookstore. Don't even try to make money on ebay, it is a fool's errand. If you don't believe me, email a few powersellers, or former powersellers. I'm getting my masters in educational psychology now, and got a wife now, so my fun + games be-your-own-boss days are over, and I'm much more free than I ever was then. Depends on how good you are. I think what you do is buy items in bulk and sell them. It's probably hard. you have to find, invent a special niche. Think of what you want that you can't get, and make it work. you can buy from China suppliers.锝昸now,chinese goods is high quality and low price.Recently,I found a good website which supply all kinds of goods from China.I buy some video game accessory from http://game2gate.myeglobal.com You can think about it. |
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