eBay - Buying and Selling = Making a tidy profit?

Gilbert89

Gilbert89

Gilbert89

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As the thread title, Does anyone Buy and then sell using eBay for example Wholesale sites etc, Got a mate who does this gets 5 items for £31 sells each item £40 a pop quids in weekly.

Does anyone do this If so are people willing to share these idea's?

We are all friends.. arn't we?!
 
My company does some selling on eBay , but now mostly just to get rid of stock we wouldn't sell elsewhere.

Buying to sell is extremely competitive, and difficult to make a good return unless you really have a good niche, or can buy a lot cheaper than others.
 
Only a good idea if you know your market well enough to get a tidy profit. Otherwise you're in for a world of irritation with crappy buyers and high eBay fees.
 
Gilbert89 said:
As the thread title, Does anyone Buy and then sell using eBay for example Wholesale sites etc, Got a mate who does this gets 5 items for £31 sells each item £40 a pop quids in weekly.

Does anyone do this If so are people willing to share these idea's?

We are all friends.. arn't we?!
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Hope the taxman knows about that.
 
Firestar_3x said:
How much are the ebay and paypal fees on a £40 item?

He must be making about £2 profit a time?

Rich!
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Depends on what you're selling - but this was probably my biggest problem whenever I looked into doing this. I looked into buying video games wholesale, but the amount eBay take from your final price is too much to make a profit that warrants the amount of time you take to do it all :(
 
I think if you find a niche product that isn't being sold on a large scale there is certainly room for profit making. But then that goes for any business really and there is a reason they are hard to find. I certainly wouldn't be telling people about it even if it did find a product like that.
 
Gilbert89 said:
Since he pay's eBay and PayPal fee's is this still the case, For example the taxman dosen't know when I sell some unwanted clothing on eBay ?
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They still check - I've heard stories of people being stung by selling things on eBay and not declaring it. Another thing that steered me away :p
 
I did this, imported a lot of copper shims from China and re-sold them on eBay.

By a lot, we're talking thousands! I made a tidy profit, it paid for a decent holiday.

The opportunities are out there. :)
 
He has to tell the tax man if he's selling with the intention of making profit.

They aren't interested in you're selling some unwated items etc.
 
mattyprice4004 said:
I did this, imported a lot of copper shims from China and re-sold them on eBay.

By a lot, we're talking thousands! I made a tidy profit, it paid for a decent holiday.

The opportunities are out there. :)
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So basically mass buy a cheap good. In the same way a normal company would I guess....

I've got a friend who would buy make up from abroad, and stuff, and sell it on eBay. Seemed to work quite well.

kd
 
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