October 20 2008: Some Thoughts For Upcoming Ebay Venture
With the submission of my last essay for the semester today, I intend on fulfilling the second objective of this post starting tomorrow. I’ve prepared an Excel spreadsheet that will detail expenditures (e.g. what I spend to buy items to sell, as well as cost of postage, eBay seller fees, Paypal fees, etc.) and income (e.g. how much items end up selling for).
I’ve currently spent about $70AUD in procuring stock to sell. I have made sure that purchased items are ones that, if unable to be sold online, can be worn by myself, or as a birthday gift to a friend, so they won’t end up being a total loss. I’m hoping that I will be able to sell the stock for at least $140AUD (gross selling price), which, after seller fees and the like, will allow me about $55AUD-$60AUD in profit. Not a lot, but enough to get started.
I have imposed two restrictions upon myself in order to minimise expenditure:
- Never go out of my way to shop for items or to post items. In other words, don’t use more petrol than is necessary. What I can do is stop off at an op shop on the way to work, or to post an item after having dropped my brother off at school.
- Never have more than ten items at any one time, to avoid the risk of unnecessary expenditure for unsaleable items.
I’m really hoping this venture turns out well. I’m pragmatic enough to understand that this will most likely not be a standard income, especially as I don’t intend on doing it on any more than an extremely part-time basis. What it will provide however, is a nice addition to my current income - enough to hopefully cover the costs of entertainment (e.g. movies, concerts, etc.) for me.
In any case, expect an update in a month’s time, to assess my position and whether it’s worthwhile to continue.
11 Responses to “Some Thoughts For Upcoming Ebay Venture”
Leave a Reply
I reserve the right to edit or delete your comment as I see fit, though I only delete comments from anonymous commenters, or people with multiple aliases. Using a genuine name/email combination will ensure that your comment is approved.
Good luck with this one, Amanda! I hope it turns out well. :D
Enzo on October 20 2008 #
Good luck to you Amanda! May your paypal account be flooded with e-cash!
Yos on October 20 2008 #
Hooray for completing everything for the year! You must be relieved. I hope you are successful with your eBay venture! I look forward to hearing about your profits!
Caitlin on October 21 2008 #
Yay for submitting that last essay of the semester! :D Doesn’t it feel amazingly good when you finally turn in the last thing that tortured you after a long semester? Haha
Good luck with your new eBay venture… I hope it’ll work out well for you!
Felisa on October 21 2008 #
Ooh. Here’s to hoping that your venture pays up! Who knows, you could turn this into a very successful career within a few months if all goes well. I’m routing for you! =D
Erin on October 21 2008 #
See, you are a way better shopper than I am. I’m pretty good with money, but I ALWAYS go out of my way to buy new items - the only mall near my house is, how to put it… crap.
Clem on October 21 2008 #
i had a webshop once, like when i was in gr 10 or something
i didn’t pay for the server it was the lovely jen that allowed me to hog al her bandwith
but yeah i think i made like 100 bucks in total lol
seriously very sad
but yeah! it was a good 100 bucks
..i wanna start another webshop
but i dont know what i would sell
emma on October 21 2008 #
Guess I gotta start topping up my paypal :)
monkee on October 21 2008 #
It sounds like the plan mum had for me once… but then she changed her mind considering the amount of crap i would’ve bought and then not ended up wanting to sell xD haha. good luck though!
Amanda on October 21 2008 #
[...] first batch of items I put up on eBay for auction have just ended. My total gross profit is just under $350AUD, and after subtracting my expenditures [...]
Jingwen » Blog Archive » eBay Experiment: The First Week on November 2 2008 #
[...] total net profit (after expenses, fees, etc.) for my ebay earnings for the month of November was just about $680AUD. It managed to cover the below listed expenses [...]
Jingwen » Blog Archive » November eBay earnings on November 30 2008 #