For the last 3 or 4 months I've been flipping electronics from craigslist to ebay. I turned my only $300 into $9,000. Not quite a success story, but I'm proud of it and I want to use this money to get started with a proper Ebay business. For personal reasons I no longer have access to my license and using craigslist to source items is out of the question. I'm going to have to buy from a wholesaler or dropship. From when I made my Shopify website (which now does not exist) a while back, I got a Worldwide Brands membership, so I've been using that as my starting point to find suppliers.
My big question, though. I have $9000. That's it, and I'm worried I may be spending the majority of it on a lawyer for my gigantic traffic ticket that caused me to lose my license. I'm wondering if I'd be better off dropshipping until I have more capital, or would this be enough to start? I know it largely depends on what I buy. I'm hoping to find a product in the $300-700 dollar range. I wont be able to buy many of them, but the margins should be high enough to keep me going and grow my capital.
I'm really just looking for any advice you can shoot at me. If my capital is not large enough, I've considered writing an ebook about how to flip things and make money on craigslist, but I dont know how successful something like that would be. If I didnt lose my license I would still be on craigslist, but I dont want to give up, I want to keep making money even if I have to change my plan. By the end of the court case for this traffic ticket, I may only have a few thousand left. The reason I say this is that I'm not trying to become a millionaire over night. I dont expect to open an ebay store and make $60 profit on everything I sell. I just want to start somewhere and grow