Burnt-out By Low Margin Profit & Customers

[golden_monkey]

Originally Posted by slapped

Where did you learn that Strategy?,,,From the Captain Kangaroo School of Business?

There are only So Many Pieces of a Particular item that the market can absorb alowing you to make a profit within a particular time frame,,it is that simple


So if you normally list 1 an Hour and Get $20.00, allowing you to make a Profit, if you list 20 an Hour BELIEVE me you will NOT get $20.00 each, and you will NOT make a profit,

BUSTED!!!!!!!!!!



well if all you sell is blue dice and you stare at the wall everyday thinking how you can sell more blue dice........there is no help for you.

[100HRWEEK]

I sell USB Cables. Here is what I used to do.

1. Order 5000 Cables - Cost .90c each
2. Sell 5000 Cables - Sell at $5
3. After eBay, Paypal, Shipping, Supplies, keep $2

My Risk Before DropShipping:

1. Account closure, and sitting on inventory
2. Bad Feedback
3. A55hole buyers that want to return items.
4. Scammers buying my product, returning someone else's cable.

Now what I do.

1. I have 0 Inventory
2. I have my price still at the old prices. Probably the highest on eBay currently
3. Order from cheapest stealth account guy who is trying to build up account and making a loss on each sell.
4. Ship to each customer. Copy paste address to the stealth guy's "shipping" section.
5. I have Buyer's protection case working for me
6. Less risk

[GreenBean]

@100HRWEEK

If you operate that way, then why are you not enjoying yourself?

This is a game. It is a money making game.

Just an observation but you appear to be burning yourself out.

Maybe consider taking a break.

[100HRWEEK]

Originally Posted by GreenBean™

@100HRWEEK

If you operate that way, then why are you not enjoying yourself?

This is a game. It is a money making game.

Just an observation but you appear to be burning yourself out.

Maybe consider taking a break.

When I was doing my own inventory, I was making $2 cable. Now that I'm using dropshipping per say, as you can imagine, the profit is lower at $1/cable. In order for me to make 5000/month, I have to sell 5000 cables, and I have to repeat this process 5000 times. As you can imagin, it's a lot of work. On top of that, there is customers to deal with and etc... I just think the cellphone accessories business is too saturated. It's great to make some feedback or make quick cash if you are desperate or don't mind putting in heavy hours for a small cash return. However, after doing it for couple of months, you get super burnt out.

[last3379]

If i were making only $1-$2 per sale i would rather straight up shoot myself in the head!

You need a new product friend.

[100HRWEEK]

Originally Posted by last3379

If i were making only $1-$2 per sale i would rather straight up shoot myself in the head!

You need a new product friend.

Lol, I mean it's not so bad as far as end of the month given it adds up. However, it's a lot of work to make 5000 dollars.

[Sandy D]

Originally Posted by last3379

If i were making only $1-$2 per sale i would rather straight up shoot myself in the head!

You need a new product friend.

LMAO

1.00 per item and it would take a ton of items to even buy a hamburger at McDonalds with those profits.

[rsot]

Originally Posted by jeffweico

I'm just happy that I have built up my website and have regular customers.

Very true jeffweico - regular customers are key and directing traffic

[Wes]

If you are buying 5000 cables, they should be around .20 ea.. A little more profit for you on that item... I know I can buy 100 around .65 so 5000 you might even get them for a dime!!

[golden_monkey]

yea dood... new product, I can see how you are getting the china squeeze.

but i mean if it sells it sells, i just don't see how doing cable listings can suck up so much of your time.. yes you have to do 5000 but are they all auction? BIN?

you can do tactics to out smart the chinese sellers though.. cause you know every time someone orders something from them it takes a day and a week to get to them... play on their weakness, chinese sellers have crap CS... crap shipping speeds...etc

play it, you do have an advantage..

[GreenBean]

Originally Posted by 100HRWEEK

Lol, I mean it's not so bad as far as end of the month given it adds up. However, it's a lot of work to make 5000 dollars.

When you need the anti-acid medication for that ulcer, rethink this method.

You need to be able to enjoy your work just a little.

Take care of yourself.

[yotano211]

Originally Posted by Sandy D

LMAO

1.00 per item and it would take a ton of items to even buy a hamburger at McDonalds with those profits.

why i order from the value menu, the chicken spicy burger yum yum

[AuctionsDenied]

Originally Posted by 100HRWEEK

Lol, I mean it's not so bad as far as end of the month given it adds up. However, it's a lot of work to make 5000 dollars.

How many hours a month are you putting into your extra $5000?

[vogeltron]

Originally Posted by AuctionsDenied

How many hours a month are you putting into your extra $5000?

Good question. I mean I perfectly understand getting worn out on eBay with customers and what not. But $5k a month is nothing to be down about.

If you think you are working to hard. You can always RAISE THE PRICE. That should slow things down.

[100HRWEEK]

The cables take 95% of my time, they are my primary income on eBay. 16-18hrs a day.

[rsot]

Originally Posted by 100HRWEEK

Lol, I mean it's not so bad as far as end of the month given it adds up. However, it's a lot of work to make 5000 dollars.

It is a lot of work - maybe take some time to research other lines BUT (which you dont seem to be...) if you are happy with that time and effort, than go for it. But there are a lot of other product lines to be researched...best of luck

[golden_monkey]

i say poke at other stuff but don't look a gift horse... its its making you $$ be glad...

you gota g/f or wife to pawn the work off on?

[100HRWEEK]

Well I have decided to part ways with cables. It's a lot of work for small return in profit. Also one a55hole buyer's remorse return can easily eat into many order's profits since the profits are so tiny.

[Sandy D]

Originally Posted by 100HRWEEK

The cables take 95% of my time, they are my primary income on eBay. 16-18hrs a day.

16 hours a day to make one dollar an item.

Never rely on one single product, always have mutliple streams and sources of products.

You and I discussed this before but there is a 19 year old college boy on you tube who post his buys from yard sales and shows his ebay and amazon sales.

Shocking--- 11,500.00 on ebay and 7,000 on amazon so far this month. Says his profits are 12,000 range. Works listing 3-4 a day and runs ebay Sunday to Sunday and packs only on Mondays.

[stanislav]

Sandy since you sell a lot of used items, do you have a lot of returns ?

[MM78]

Originally Posted by stanislav

Sandy since you sell a lot of used items, do you have a lot of returns ?

I believe Sandy sells mostly Antiques...

[Sandy D]

Originally Posted by stanislav

Sandy since you sell a lot of used items, do you have a lot of returns ?

Seldom ever have returns.

I carefully hand pick items. Any flaws at all and I will send those items as a group back through the auction houses.

Of course I get the professional buyers once in a while and deal with them according to the account, price etc.