I started doing this last month and it has paid of pretty well so far.
I have said this plenty of times in the past, my goal is to make at least a $10.00 profit on every thrift store item I buy to resell.
Sometimes when I start prepping the thrift store items, I realize that if I put it up as a standard auction I might be risking the $10.00 profit. Or sometimes if the item does not sell the first time around at standard auction then I will use this tip.
Use an eBay calculator to determine your profit and list the item as a fixed price item. This is my personal favorite eBay calculator http://www.rolbe.com/ebay.htm. Let me show you some recent examples. Of course I always use my own completed auctions to show that this can be done. I see some eBay blogs out there that post things that are so misleading as far as completed auctions go, just so you click on there affiliate links in the hope that they will get a commission.
1st Example: Men's 575 Jeans
I have said this plenty of times in the past, my goal is to make at least a $10.00 profit on every thrift store item I buy to resell.
Sometimes when I start prepping the thrift store items, I realize that if I put it up as a standard auction I might be risking the $10.00 profit. Or sometimes if the item does not sell the first time around at standard auction then I will use this tip.
Use an eBay calculator to determine your profit and list the item as a fixed price item. This is my personal favorite eBay calculator http://www.rolbe.com/ebay.htm. Let me show you some recent examples. Of course I always use my own completed auctions to show that this can be done. I see some eBay blogs out there that post things that are so misleading as far as completed auctions go, just so you click on there affiliate links in the hope that they will get a commission.
1st Example: Men's 575 Jeans
As you can see below I started these at auction for $4.99 and they received no bids. I then listed them at a fixed price and they sold for $24.99. My profit after all fees including the original listing fee at regular auction is $17.07 (meets my goal of $10.00/per item)
2nd Example: Abercrombie & Fitch Camo Shorts
Here is an example of an item that I listed straight to Buy It Now. It sold within 1 day and I netted a $10.13 Profit (meets my goal)
The key with Buy It Now is not to get greedy. Use the eBay calculator to reach your goal profit and list it at that price.A pretty long post, so if you are still reading you actually got 4 good tips here.
- Use Buy It Now for items that you are unsure of to meet your goal.
- Use the eBay Calculator to figure out your profits.
- Do Not get too greedy when you set a Buy It Now price.
- Set an actual goal price that you want to make on each item and take that into consideration before you buy an item while thrifting.
Good Luck
John Paul
My Top 10 thrift Store Items To Resell On eBay eBook
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1 comment:
Hey! Wandered over here from my own blog - just noticed you started following. Thanks so much!
I'm thrilled to have found you. I blog about my experiences as an eBay seller, but truth be told I'm a total amateur - just learning the ropes as I go along. I'm looking forward to reading more of what you have to say, this entry is exactly the sort of thing I enjoy writing about.
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