| |
| nickh04 | 05-23-2015 09:35 PM |
How much money are you guys making?
Just got done totaling everything up and I learned that I'm making about $500 a week. Not enough to quit my job but I feel like I'm getting close. I make about $17 per item.
How much are you making?
How much do you make per item? |
| jeffweico | 05-23-2015 09:57 PM |
Re: How much money are you guys making?
Nobody is going to answer this question seriously.
Some people on the forums make a living selling online. For others, it is a side business. You can DEFINITELY make a living selling online if you put the effort into it. It all depends on what you want to do.
When I started selling, I was in love with my ONE category. I didn't branch out. Later on, I decided that I was running an online SALES company. Now, I don't care WHAT I sell (as long as it is legal) as long as it is profitable. I have exploited dozens, probably HUNDREDS of niches. One niche can bring me anywhere between $50 and $5,000 per month in profit. Most are in the $300 - $500 range. It all adds up.
I always recommend that people find their own niches, because it is VERY DIFFICULT TO COMPETE ON PRICE! eBay is the MOST COMPETITIVE marketplace in the world.
And when you DO find a profitable niche, people tend to follow you - monkey see, monkey do. I learned pretty quickly that I needed to spread my products over several accounts to avoid detection by my competitors. I realized this one day when I lost 4 or 5 profitable niches in a few days time. People would watch me and then when they saw that I had listed something new, they would start selling it too. I was spending 5, 10, 15 hours of research finding a niche and these other people were just piggybacking off of my work. Of course, then it is a race to the bottom, price-wise.
I am an adult living in the USA, with adult American bills. But on eBay, you are competing with college kids looking to fund their next beer bash and people from other countries, where $500 extra a month means living in luxury. They can afford to take less profit because they don't have the bills that I have. So, I started spreading my new listings over multiple accounts and the problem was fixed. Eventually, people will find a niche that you are in - there is nothing you can do about that - but I like to have at least a few weeks of good sales before I have to become the discount king!
The good news is, there are MILLIONS of products that you can sell. Find a product that few people are selling but that have a reasonable sales volume. Differentiate yourself with your customer service, or any other value you can add. Do that over and over, and soon you have a real business. But you can't get lazy, or your profits will fade away. You have to ALWAYS be looking for that next product.
Don't bother with those $19.99 wholesale lists - they are worthless. Don't look for fantasies like the secret source of $100 iPhones, because they DO NOT EXIST! I recommend staying away from counterfeits and electronics. Counterfeits because your accounts will be closed and you could go to jail. And electronics, because they have notoriously low profit margins and returns can eat away your profits VERY QUICKLY! But everyone seems to have dreams of becoming the biggest Apple Product seller on eBay. I always get the question "where can I buy Apple products real cheap?" and the answer is YOU CAN'T. Apple does not have fire sales, they do not do liquidations and closeouts and even the big sellers like Best Buy make very little when they sell Apple stuff. You need to find products that are NOT super-popular. |
Re: How much money are you guys making?
LMAO No One is going to answer this question becuase it varies. plus your going to get alot of ppl to give you advice but there not gonna tell you exactly what you need to know lol |
| Hotspur999 | 05-23-2015 10:59 PM |
Re: How much money are you guys making?
Yes, no one will give you details about what they're earning. Although I would recommend not quitting your job until eBay profits are comfortably covering all bills, and you have some backup funds stashed away for whenever you need them. |
Re: How much money are you guys making?
I make $255,000 a Day.....and I don't even sell on Ebay or Amazon. I get paid to be on the forum, I get paid per response....."cha-ching". |
| Taking The Micky | 05-23-2015 11:21 PM |
Re: How much money are you guys making?
Quote:
Originally Posted by MM78
(Post 671796)
I make $255,000 a Day.....and I don't even sell on Ebay or Amazon. I get paid to be on the forum, I get paid per response....."cha-ching".
| Thought that was RSOT...... |
| jeffweico | 05-23-2015 11:29 PM |
Re: How much money are you guys making?
Quote:
Originally Posted by MM78
(Post 671796)
I make $255,000 a Day.....and I don't even sell on Ebay or Amazon. I get paid to be on the forum, I get paid per response....."cha-ching".
| Wait a sec... I'm gonna need to talk to Aspkin... :pound: |
Re: How much money are you guys making?
Quote:
Originally Posted by jeffweico
(Post 671800)
Wait a sec... I'm gonna need to talk to Aspkin... :pound:
| Sorry, this position is for 1 person only and I had the lowest bid.... |
| yaBeh8ater | 05-24-2015 12:06 AM |
Re: How much money are you guys making?
Quote:
Originally Posted by MM78
(Post 671802)
Sorry, this position is for 1 person only and I had the lowest bid....
| its called bull****. |
Re: How much money are you guys making?
Quote:
Originally Posted by MM78
(Post 671796)
I make $255,000 a Day.....and I don't even sell on Ebay or Amazon. I get paid to be on the forum, I get paid per response....."cha-ching".
| i made $5,489.99 pennies in 48 hours ... hahaha isnt that how the internet marketers adds go... boy they love selling Lies over at the Warrior Forum hahaha |
Re: How much money are you guys making?
Quote:
Originally Posted by MM78
(Post 671796)
I make $255,000 a Day.....and I don't even sell on Ebay or Amazon. I get paid to be on the forum, I get paid per response....."cha-ching".
| MM78 is the ponziboss - he's got ponzi'ing mastered - he gets his cut off of everyone.
OP...you are smart to start giving him a cut now before he takes it all... :d |
Re: How much money are you guys making?
Jeff's response is priceless, take it to heart |
| yotano211 | 05-24-2015 02:36 AM |
Re: How much money are you guys making?
|
| Haidukken | 05-24-2015 03:48 AM |
Re: How much money are you guys making?
Quote:
Originally Posted by MM78
(Post 671796)
I make $255,000 a Day.....and I don't even sell on Ebay or Amazon. I get paid to be on the forum, I get paid per response....."cha-ching".
| Is that all? Damn, I thought your package would be better. Even I earn more than you... Maybe you should get in touch with BigBoss and see what the **** is up?
I mean, at least try to work some sort of Jaffa Cakes based bonus angle, rite? |
| Lost in the Supermarket | 05-24-2015 07:08 AM |
Re: How much money are you guys making?
Quote:
Originally Posted by MM78
(Post 671796)
I make $255,000 a Day.....and I don't even sell on Ebay or Amazon. I get paid to be on the forum, I get paid per response....."cha-ching".
| WAIT! I have been sending my $5 per post fee to RSOT! |
Re: How much money are you guys making?
Quote:
Originally Posted by Lost in the Supermarket
(Post 671879)
WAIT! I have been sending my $5 per post fee to RSOT!
| Yes, RSOT collects for me...one of many people who collect for me.... |
| GreenBean | 05-24-2015 07:49 AM |
Re: How much money are you guys making?
Quote:
Originally Posted by MM78
(Post 671882)
Yes, RSOT collects for me...one of many people who collect for me....
|
You getting those wee brown envelopes signed panhandlersinc?
Man. I need to adjust the royalties again... The hamsters are being conned
:noidea: |
Re: How much money are you guys making?
Ponziboss breaks legs :eek: so I had to comply |
| nickh04 | 05-24-2015 09:23 PM |
Re: How much money are you guys making?
Quote:
Originally Posted by jeffweico
(Post 671772)
Nobody is going to answer this question seriously.
Some people on the forums make a living selling online. For others, it is a side business. You can DEFINITELY make a living selling online if you put the effort into it. It all depends on what you want to do.
When I started selling, I was in love with my ONE category. I didn't branch out. Later on, I decided that I was running an online SALES company. Now, I don't care WHAT I sell (as long as it is legal) as long as it is profitable. I have exploited dozens, probably HUNDREDS of niches. One niche can bring me anywhere between $50 and $5,000 per month in profit. Most are in the $300 - $500 range. It all adds up.
I always recommend that people find their own niches, because it is VERY DIFFICULT TO COMPETE ON PRICE! eBay is the MOST COMPETITIVE marketplace in the world.
And when you DO find a profitable niche, people tend to follow you - monkey see, monkey do. I learned pretty quickly that I needed to spread my products over several accounts to avoid detection by my competitors. I realized this one day when I lost 4 or 5 profitable niches in a few days time. People would watch me and then when they saw that I had listed something new, they would start selling it too. I was spending 5, 10, 15 hours of research finding a niche and these other people were just piggybacking off of my work. Of course, then it is a race to the bottom, price-wise.
I am an adult living in the USA, with adult American bills. But on eBay, you are competing with college kids looking to fund their next beer bash and people from other countries, where $500 extra a month means living in luxury. They can afford to take less profit because they don't have the bills that I have. So, I started spreading my new listings over multiple accounts and the problem was fixed. Eventually, people will find a niche that you are in - there is nothing you can do about that - but I like to have at least a few weeks of good sales before I have to become the discount king!
The good news is, there are MILLIONS of products that you can sell. Find a product that few people are selling but that have a reasonable sales volume. Differentiate yourself with your customer service, or any other value you can add. Do that over and over, and soon you have a real business. But you can't get lazy, or your profits will fade away. You have to ALWAYS be looking for that next product.
Don't bother with those $19.99 wholesale lists - they are worthless. Don't look for fantasies like the secret source of $100 iPhones, because they DO NOT EXIST! I recommend staying away from counterfeits and electronics. Counterfeits because your accounts will be closed and you could go to jail. And electronics, because they have notoriously low profit margins and returns can eat away your profits VERY QUICKLY! But everyone seems to have dreams of becoming the biggest Apple Product seller on eBay. I always get the question "where can I buy Apple products real cheap?" and the answer is YOU CAN'T. Apple does not have fire sales, they do not do liquidations and closeouts and even the big sellers like Best Buy make very little when they sell Apple stuff. You need to find products that are NOT super-popular.
| http://1funny.com/wp-content/uploads.../calm-down.jpg
I appreciate your half a page response, and the advice, but all I was wondering was a dollar ammount. $1000 a day/month/year? How come you guys are all self conscious about your income, let alone on an internet forum. Give me a break who cares. Just wanted to see some dollar amounts that I could use for motivation. |
| yankee | 05-24-2015 09:32 PM |
Re: How much money are you guys making?
Ones persons goals and objectives may very easily be different from someone else. I have first hand experience on this forum discussing loose numbers. It is not worth expressing this.
We have members grossing 1 million monthly but what is the NET?
How is this info useful to you? |
Re: How much money are you guys making?
Quote:
Originally Posted by nickh04
(Post 672019)
How come you guys are all self conscious about your income, let alone on an internet forum.
| Because it's really none of anyone's business, just like when people ask the following 2 questions (which have been asked to death):
1. Who can share their suppliers?
2. What do you people sell?
These 2 including how much we make has been asked to death! At the end of the day, do we really want to answer these 3 questions again...and again....and again? Naw. Quote:
Give me a break who cares.
| Very well put! Quote:
Just wanted to see some dollar amounts that I could use for motivation.
| Motivation? I think any dollar amount is motivation enough. |
| GhostOfAmazon | 05-24-2015 11:16 PM |
Re: How much money are you guys making?
Quote:
Originally Posted by nickh04
(Post 671770)
Just got done totaling everything up and I learned that I'm making about $500 a week. Not enough to quit my job but I feel like I'm getting close. I make about $17 per item.
How much are you making?
How much do you make per item?
| There are only two answers to this question:
"Enough" or "Not enough".
Your job is to make sure YOUR answer is the first. Don't worry about anyone else's business. |
Re: How much money are you guys making?
Quote:
Originally Posted by Taking The Micky
(Post 671798)
Thought that was RSOT......
| Someone is following the drift :d |
| bootleg.101 | 05-25-2015 02:21 AM |
Re: How much money are you guys making?
Quote:
Originally Posted by nickh04
(Post 671770)
Just got done totaling everything up and I learned that I'm making about $500 a week. Not enough to quit my job but I feel like I'm getting close. I make about $17 per item.
How much are you making?
How much do you make per item?
| Keep working at it and keep your job as long as you can handle both... you honestly will know when it is time to quit :thumb:
over 50k per year is not that hard when you are full time selling with a good product... |
| Ebayorbust | 05-25-2015 02:50 AM |
Re: How much money are you guys making?
Quote:
Originally Posted by nickh04
(Post 671770)
Just got done totaling everything up and I learned that I'm making about $500 a week. Not enough to quit my job but I feel like I'm getting close. I make about $17 per item.
How much are you making?
How much do you make per item?
| As you're so keen to share you business model and income figures with us all, what's the cost price of the items you make $17 on?
If they cost you $2 and you sell them for $19, then let me know what it is and who your supplier is. ;)
If it costs $1000, then good luck to you and I hope you don't get too many returns. |
| yotano211 | 05-25-2015 05:39 AM |
Re: How much money are you guys making?
I make enough a year to pay off my student loans and buy a car. This thread is like my sister asking me how much did I made last year. Simple, I dont tell her, not even my mom knows. And she thinks I am always broke because I dont have a real job. I love it when she comes over and starts to clean the house because I am home all day. I love yea mom |
| notsosureaboutit | 05-25-2015 05:45 AM |
Re: How much money are you guys making?
|
| wtfebay | 05-25-2015 10:00 AM |
Re: How much money are you guys making?
One person could be doing 5,000,000 in sales and only net 10,000....another person could be doing 15,000 in sales and netting the same. It causes a conflict of sorts to discuss that type of thing. Of course if you are only netting 10k off of 5M, youre doing it wrong! |
Re: How much money are you guys making?
Quote:
Originally Posted by Ebayorbust
(Post 672062)
As you're so keen to share you business model and income figures with us all, what's the cost price of the items you make $17 on?
If they cost you $2 and you sell them for $19, then let me know what it is and who your supplier is. ;)
If it costs $1000, then good luck to you and I hope you don't get too many returns.
| Once you get the info Ebayorbust, please share your address :d |
| wtfebay | 05-25-2015 10:30 AM |
Re: How much money are you guys making?
Quote:
Originally Posted by rsot
(Post 672153)
Once you get the info Ebayorbust, please share your address :d
| I think OP got scared off... |
Re: How much money are you guys making?
Quote:
Originally Posted by wtfebay
(Post 672155)
I think OP got scared off...
| We usually lose a few a month this way, some how we can't keep em....shame though.
Hey wtfebay, wanna share how much you make with me? it'll be our little secret! |
| nickh04 | 05-25-2015 12:46 PM |
Re: How much money are you guys making?
Quote:
Originally Posted by Ebayorbust
(Post 672062)
As you're so keen to share you business model and income figures with us all, what's the cost price of the items you make $17 on?
If they cost you $2 and you sell them for $19, then let me know what it is and who your supplier is. ;)
If it costs $1000, then good luck to you and I hope you don't get too many returns.
| I buy my product at $1.43/unit. Sell them for around $24. Makes me a profit of around $17. |
Re: How much money are you guys making?
|
| nickh04 | 05-25-2015 12:51 PM |
Re: How much money are you guys making?
Quote:
Originally Posted by yankee
(Post 672022)
Ones persons goals and objectives may very easily be different from someone else. I have first hand experience on this forum discussing loose numbers. It is not worth expressing this.
We have members grossing 1 million monthly but what is the NET?
How is this info useful to you?
| This information would be very useful. I'm pretty sure we all share the same goal, and that is to make money. I was hoping to see some numbers from you guys so that I can feel that I'm on the right track. Since I've started this eBay thing, I've learned real quick that there is a lot of money to be made. I was hoping to hear from an eBay veteran that has been doing this for 10+ years tell me how much they are making. Maybe in 10 years if I work hard, I would achieve what they have done. |
Re: How much money are you guys making?
No one is going to tell you what they make.....let it go! lol. |
| sln531 | 05-25-2015 01:03 PM |
Re: How much money are you guys making?
|
| yankee | 05-25-2015 01:10 PM |
Re: How much money are you guys making?
a lot of us have shared int he past. It almost never goes well.
There is several members handling millions of dollars a month. |
| GhostOfAmazon | 05-25-2015 01:39 PM |
Re: How much money are you guys making?
Quote:
Originally Posted by nickh04
(Post 672197)
This information would be very useful. I'm pretty sure we all share the same goal, and that is to make money. I was hoping to see some numbers from you guys so that I can feel that I'm on the right track. Since I've started this eBay thing, I've learned real quick that there is a lot of money to be made. I was hoping to hear from an eBay veteran that has been doing this for 10+ years tell me how much they are making. Maybe in 10 years if I work hard, I would achieve what they have done.
| Once again: Quote:
There are only two answers to this question:
"Enough" or "Not enough".
Your job is to make sure YOUR answer is the first. Don't worry about anyone else's business.
| What I make or what anyone elses makes here is none of your business, and has 0 effect on your life or your finances. As I said, either you're making enough to live the lifestyle you desire, or you aren't. If you're living the lifestyle you want, then don't worry about anything else. If you aren't, keep working until you reach that goal.
Some people want to own a jet and a private island, others are happy living on an few acres of land in the middle of nowhere, savoring their peace and quiet. Your business should meet your goals, what everyone else is doing is irrelevant. |
| wtfebay | 05-25-2015 01:50 PM |
Re: How much money are you guys making?
Since we are sharing info, Nick why dont you throw out this $1.43 product so I can undercut you.... |
| Taking The Micky | 05-25-2015 09:42 PM |
Re: How much money are you guys making?
The thing is Nick, I have been in e commerce for over 15 years and I do very well. The one thing I have learn't is don't waste your time wondering what other people are doing or earning, use that time to make yourself more money.
Set yourself realistic goals of what you want to achieve, then beat them.
And dude, get yourself on amazon as that were the real dollars are made and if your margins are true, you have the perfect model for FBA. |
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