Is it still worth investing time learn to use Ebay to make money?

7 replies
Is it still worth investing time to learn to use Ebay to make money? Importing stuff and sell them in ebay? Any idea? If yes, or no, why?
#ebay #investing #learn #make #money #time #worth
  • Profile picture of the author Marvin Johnston
    I think you are asking the wrong question.

    Your question implies the same mindset that most non-marketers have ... build it and they will come.

    Not necessarily so.

    What market are you intending to serve, and what and where do they buy?

    And can you serve this market at a profit level you can live with?

    Is this market expanding or contracting?

    The bottom line is to build a business, you need to do have passion (or at least a strong interest) in what you want to do. And then do some market research on your ideas. That research should make the answers to your question clear.

    Marvin
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  • Profile picture of the author Aaron Doud
    If you have a product that people want and want to reach a large audience? yes

    Just randomly buying stuff in hopes it will sell? no
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    • Profile picture of the author John Durham
      Originally Posted by Aaron Doud View Post

      If you have a product that people want and want to reach a large audience? yes

      Just randomly buying stuff in hopes it will sell? no
      Yes. Specialize in something though, that way you can cross sell items in the same niche and build a mailing list of your customers. One off sales on small items are just not worth it, in everything you do create a backend.

      Creating a backend is barely possible unless you specialize in a niche.

      In the home decor niche for example, people who buy wallpaper also buy picture frames and paste and household nick knacks...valences... rugs...

      Specialize in a niche. If not , it will likely cost you as much to earn a customer as you make from a sale.
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  • Profile picture of the author massiveray
    A mate of mine made nearly £4k last month selling tamagotchis on eBay and amazon, piggy backing on the release of the new app.

    It's all about knowing what people want and when, there is defo still A LOT of money on eBay.
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    Join my private strategy group on Facebook or find out how I made £2000 recurring in 2 weeks.

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  • Profile picture of the author gjabiz
    Originally Posted by zunonline View Post

    Is it still worth investing time to learn to use Ebay to make money? Importing stuff and sell them in ebay? Any idea? If yes, or no, why?
    I buy and sell stuff, although, no longer as a business...just for the cold hard cash.

    The three tools I use are:

    Craigslist. Almost exclusively for buying and selling.
    Almost.

    eBay. Finished auctions to determine CURRENT market value. What people are paying right now for whatever. Also shows if an active market exists.

    Amazon. To see if similar products exist and for how much are they being sold.

    I like to buy from amazon and eBay no longer do any selling at either. Just this week a course on writing, written in 1963, arrived and I paid 16 bux total. The information and layout of the course will be revised and sold and will make me at least 10 times the cost per single sale.

    The people who make bigger money from eBay specialize in high cost things or have a place to store stuff. I prefer to keep my bux in circulation working for me rather than put it into storage which is costing money, not making money.

    eBay, whether you use it as a tool, like I do...or as a place to make some money is still very much alive and well is worth spending the small amount of time it takes to learn the basics...in my opinion.

    gjabiz
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