Forum

eBay Full Time
 

Right, I am looking at going FULL TIME with eBay as I currently am matching what I earn monthly in a 37.5 hour job..

I feel that the amount of work I would need to do to double that is nothing, I just need that extra time during the day to get things done.

What I want to know is...

1. Who does FULL TIME business on eBay?
2. What do people think about working for themselves?
3. Working for yourself, is it as rewarding as people say?

Do you earn more than you could in a FULL TIME well paid job?

:smash:

1. I do
2. I love it but I have to work alot harder and alot more hours.
3. Yes, and no. I love having time with my family when I want it. I love making my own hours. But I usually work more than 12+ hours a day. I do most of my work, (research etc.) while everyone is sleeping at night.

Its worth it for me. I don't like having someone standing over my shoulder and then taking credit when something gets done. Now if I make good money, I did it and that feels good. But there is some pressure not to fail as this is our main income.

But then again bro, i wouldn't put your all eggs in one basket specially with eBay!

If you are serious about it and have a business plan look into making your own site aswell, imagine your eBay business gets shut down.

Make sure you have something to fall back if all does fail.

Best of luck :thumb:

Thats why we have multiple accounts though right..? For that day when they do decide to shut us down we can counteract it and we dont lose everything...

Im really in a clefstick situation and not sure what to do! Problems with your own website is having traffic directed to it!

1. I do
2. Love working 16 - 18 hours a day and never knowing what I'm going to earn
3. Definitely

:ranger:

Bigdippin - do you spend most of your time always researching new suppliers, new products to sell, ways to improve your business during your day... suppose its an integral part of progression.

GrannyT - Any tips you would give me to make sure it worked out and was to go full time?
Anything you would consider if you were in my position first..?

No matter the temptation stay away from Vero and foo-foo. Answer customers questions promptly and treat everyone as you would be treated - even the a****oles

Works for me

:ranger:

Even if you dont sell foo-foo will they still limit accounts if you are doing some good sales!?

Of course they will ebay and paypal will limit you even if you have not done any thing wrong

You have to stay under the rader then you will succeed

:suspicious:

You need to act and look like a business if you are a business. Good sales are always achievable (within the silly limits) provided you look and act like a business

It's all about how hard you want to work and how far you want to go. Earnings can potentially be limitless. Make sure you have a little bit of a nest egg and then quit your job to go full time! (2 weeks notice, don't burn bridges)

I worked the 40-60 hour grind for over 10 years. I have loved the past year and a half of being my own boss.

Good luck!

Working online is my job. First thing you need to do it register your business.

Working for yourself is a lot of work and you will spend a lot of time if you want to be successful.

Second make sure you keep good records otherwise when tax time comes you will be crying ( trust me on that one )

The bad thing about selling online is you never when if/when you will be canned when you are relying on these sites you sell on. The can limit or suspend you at any time and there goes your entire income.

Couldn't have put it any better myself!!

So what you mean is find other ways to make money aswell as selling on online marketplaces...You mean make your own website

What happened when you forgot to pay taxes, did you end up trawling through endless paperwork?

Your own site is a start, other sites is good as well. Endless and cost me a small fortune.. Some 4K to have my paperwork organized and all the numbers match what amazon provided on its 1099 to me.. :(

Then you have the wrong mindset to do a thing.

Sould you make the quantum leap to be a business you arrange your business plan BEFORE you start.

You do a cost analysis of your plan.

You tweak the plan.

You cater for everything to reduce problems. 'Forgot to pay taxes' is lazy.
Preferable to not start off thinking like that. Include a tax program in your plan.
Quick as I typed this reply you could have put your tax figures & problem sorted.:clap:

I spend alot of time researching new products. I'm new to this game compared to most here. I started full time right after Christmas. I currently have 2 Ebay stores (non stealth, main accounts) and 2 Amazon pro stores. I have just created my first stealth ebay/paypal account after reading the Ebay Stealth ebook last week. Trying to have backup accounts get some age in case something happens to my non stealth accounts. Currently working on an ecommerce site. So most of my time is on researching new products. Some on tweaking what I currently offer. And I'm always looking for potential new suppliers.

I do not sell vero items or replicas so I hope my main accounts stay intact but you never know.

GB - Im not quite sure why you quoted me I havent started off with any such mindset only the positive mindset of having my own startup in the near future nor have forgotten to pay taxes, in fact haven't put anything into plan as of yet so I wouldnt make a 'leap' by quitting a FULL TIME job.

Just want some advice on whether people find it very rewarding and whether it could be a possibility of moving into doing it. Yes cost analysis as you say is VITAL! otherwise you'll be bust before you've started, probably why so many fail!

I'll stop replying.
Doest bother me :doh:

Merely pointing out an approach to working for yourself.

Yeh and I appreciate that however you pointed out that I had the wrong mindset....

It would take a while to sit down and work out a plan of action of course as you said, but just wanted to find out what people thought and whether its actually a solid plan of action seeing as we all work on 'stealth'.

All users are stealth are they?



Some stealthers have real accounts too ;)

You know what I mean!

Been at this about a year and 3 months.

I have mulitplied my old income by 10-fold. I work 7 days a week. I often forget or don't know what day it is. I wake up anywhere between 7am and 2pm and work until 1 or 3am every day.

Some suggestions:

Maintain a schedule, even if you don't need to. I try to run every morning.
Make sure you shower daily, even if you don't really want to.
Keep up with your real life, no matter how addicting making unlimited money is.
Try to get outside daily. And by "outside" I mean more than "the post office."

Take days off. Many of the crazy restrictions eB has are stress-inducing for the seller. I need to respond to customer complaints and I have to make sure everything is marked as shipped within 24 hours across 40 accounts.... that's ridiculous! I make sure I take 1-2 days a week to get out of my house and say "F-it, if the complaints happen they happen."

I often lie about what I do for a living, or I am vague about it. When people ask me about it, I say I'm in "Internet Sales" and keep it as vague as possible. If they ask for details, I get a little snotty.

I live an opulant lifestyle in New York City, where most of my friends make upwards of $300,000 a year and throw fully-catered open-bar rooftop parties on the Upper West Side. I learned very quickly that the reaction to saying "I sell things on eB for a living" at a dinner party is the equivalent of saying, "I have a mild case of leperacy so my doctor says I can't treat my syphalis for another few weeks."

Keep it vague. Don't tell many people what you do for a living. They won't understand.

Don't work full time, probably only a couple hours or less per day, spend the rest of my time cruising, working out and partying.

I do a combined of what bluntz and omgoozle
when I first started (roughly 2 yrs ago) I couldn't believe the amount of money I was making and honestly it was getting addicting, to the point I didn't wanna get out the house see friends play sports, nothing but make money.
Trust me when ur at a point of making 4-500 a month! Then one day I start doing this and first week I make well over 2k, its like winning the lotto every day!!!
It was amazing, but at the time I was disorganized, but as more time and i gained "ebay maturity" I've since learned to make a list of which days to do which accounts mathematically knowing which day what item and account is ending on what day... sounds confusing but helps alot I went from 18-14hrs a day to 3-4 Effient hours a day 5-6 days a wk and making over 10k a month without effort and partying and hitting the gym alot more often...

And when ppl ask I just say I work from home and if they want to know more I say sale products and services or internet sales, like stated above, ppl won't understand what u mean.

And yes, best most rewarding job. Make my own hrs, NEVER have to worry about taking sick days and also the harder I work the more money I get, no bosses screaming at u or u busting ur a$$ every day for no extra pay
And trust me when u go from taking a bus for 6 hrs in the rain and only working 4hrs a day to going to a lot and getting whatever car u want and moving to an upscale neighborhood and tablets PC's laptops TVs sound systems and just getting whatever u want WHENEVER u want....just feels like heaven, living worry free LITERALLY, there's nothing better

What job are/were you doing at 37.5 an hour?

I'd be lucky to even make $7 an hour as an Elementary Teacher....

Not $37.50/hr.. The OP meant he works 37.5 hours per day at his current job. Maybe ex-job by now...

No ex job as of yet still putting into play a business plan to make sure the whole plan of selling via about 15 accounts doesnt go south in the first week.

Fail to plan, plan to fail.

biggun - got any other advice apart from the above about going full time?

Don't put all your eggs in 1 basket. Also make sure to start testing your revenue sources or product lines to find any problems or issues. The more testing the better.

Before I met my Wife I also worked on ebay full time, 16hr days just doing research, selling items but I had to slow down big time. Now I feel good if I can make $2k a month with only putting in maybe 10-12 hrs a week. Gotta enjoy the little things in life.

Speaking of enjoying the little things, I'm enjoying my Week off School!

Ah, I read it wrong. Thanks for clarifying that.
I was thinking, who the heck would leave a $37.50 an hour job. Haha.
I'd take that job, even if it mean shoveling sh*t off the street.:peace:

Sometimes you can take a job up while easing into eB + AZ + other sales than go at that full time.

I've backed off Eb and amz these days, before my business model was not tight enough, I was working my ass off for not enough money. I started doing freelancing work online instead, I live in a poor country but make the same money as I would do back in the UK.

Having said that I now have a tighter business model for Ebay and Amz(insight gained through failure) and will be cranking it up. My goal is to make my accounts ultra low maintenance by outsourcing, maximising the tools available etc.