My Ebay Journey - Case Study

[SnowDenn]

Guess What Day It Is? Wednesday! Time For An Update For Those Who Are Interested!

I had purchased a premium store today.. $79 a month (Ouch)...


Here Are My Stats So FAR!

Account #1 - 193 Items Listed ( Just Upgraded To Premium - So I Can List 1000 Items) - 5 Items SOLD - Profit - $8.45


Account #2 - 120 Items Listed - 2 Sold - $20.00 Profit

Account #3 - Less then 50 items ( No Sales - Not Really Focusing On This Account)

Investments So Far - Around $200 I Would Say.

Still Negative But I Plan On Going Negative In Till I Can List 5k Per Account.. Anyone Have Any Suggestions?

Am i on the right path?

[Redman]

You started all these accounts from scratch?

A little over 10% profit dropshipping is good in my books IMO, try to keep profit margins there, or higher

[SnowDenn]

Originally Posted by Redman

You started all these accounts from scratch?

A little over 10% profit dropshipping is good in my books IMO, try to keep profit margins there, or higher

All from scratch bro!! I'm aiming at 20% Profit margins. I think ill do better after 3 months when I get a top-rated seller as well.

Heres The Goal..

Account #1 And Account #2 - Become Anchor Stores - $700 A Month
Listing Tool - $500 ( A Month )

$1200 In Monthly Fee's But Have (8000 Listings UP )

Between both stores, I would assume I would sale an avg of 60 items per day.. By $1.85 Profit = $111 Income Per Day X 30 = $3330 - $1200 = $2100 Rev Per Month Before Any Returns Or Mistakes.. And Without any Virtual Assitance

That's just a theory.. Could Be More.. Could Be Less..

I guess stick around and lets see what happens.

[Redman]

Dope, I'll definitely be on the lookout

[agent006140]

how do you place eBAY customer orders on AMZN?
Do you do this manually?

[SnowDenn]

Originally Posted by agent006140

how do you place eBAY customer orders on AMZN?
Do you do this manually?

It's Automated...

As soon as i get it big enough ill hire a VA to check over everything too.

[agent006140]

are you using your prime account and gift cards?

[Lucynda]

I am concerned for you. Amazon eventually figures out your using it to drop ship and will close your buyer account. You will need several of those too. I'm not sure how many though. Have you added the bank accounts to your PayPal account yet?

[agent006140]

AMZN does not like prime members to run a business using AMZN to dropship all over the country,prime shipping is expensive,the membership fee nowhere covers such.
Ebay does not like it either,I am surprised Ebay has not blocked her software.

[SnowDenn]

Alright, Update Today! Learning As I GO!


Answering Some Questions - Amazon Will Eventually Ban My Account But I Can Create Amazon Accounts Pretty Easy! So No Worries. Ill just keep rolling with it.

Paypal - I added Bank Accounts To All 3 Of The Paypals I Have.. I Also Been Taking Money out Without ANY issues - But i am worried if paypal ask for a SSN or anything like that it will really mess me up.



Update On eBay Selling!

I Been Selling Items Pretty Regularly But I Ran Some Numbers And I Realized The ONLY way this is going to work out is to focus on just ONE account.

SO i am going to keep Account #1 LIVE and Purchase the ANCHOR store and go ahead and MAX my 5k Listings out....

Account #2 Will be paused temporality.. If Account #1 Does Well With 5k Listings I will then do the same for Account #2.

But I don't want to spend $700 for the anchor stores for both accounts. I rather just test one for now.


Account #1 - 400 Items - $40 Profit So Far
Account #2 - 200 Items - $30 Profit So Far

THEORY TIME!!

Lets Take Account #1 As The EXAMPLE.

I Sell 1-3 Items Per Day ( 2-3$ Profit Per Day From 400 ITEMS ) So If We MAX out Our LISTINGS to we can prob say we would generate anywhere from $30 - $40 Per Day Profit.

So 30 Days x $30 or $40 = $900 or $1200

Ebay Store - $349.95
Listing Software - $100

$450 In Expensive Minus Our Profit = $450 or $750 Profit BUT you also have to take into consideration that the Anchor Store Can Support 10,000 Free Listings So If EBAY will increase my count next MONTH... I can then have DOUBLE the listings with the same COST


Peace!