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2late2be's avatar

Does anyone here ever tried those eBay auction programs that they sell on tv? They're supposed to help you start your own online business...

Asked by 2late2be (2286points) August 26th, 2008 from iPhone

I would like to start selling on eBay more than just my used stuff, are those programs any good? Or am I better by just buying from wholesalers and doing it on my own? I’m pregnant and I have my little boy, so no time for work here, but I would like to make some extra money, I’m not asking 1,000’s of dollars, 100–200 a week will do it for me.

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2 Answers

crunchaweezy's avatar

What you really need to know is how to resale in bulk, it helps because say you get a bunch of items that are in very high demand – you’ll literally strike big.

Let’s say you bought 10 Wii’s for $249.99 – which is a big purchase and can lose you some money, but most likely gain you much more. It would cost you around $2,500

Now I just looked and Wii’s are going at around $300 on amazon and that’s usually a low priced website.

Looking at ebay, this Wii is going to end soon in about 5 minutes It’s over $385 right now.

Okay that auction ended in exactly $400. If all sell around the same that’s $4,000, not including taxes on originally bought items or shipping charges.

Simply put, I’d do some research but don’t buy into those programs. It’s risky, but rewarding.

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