How To Make Money On Ebay Even After The Fees
Today I accept an amazing interview with Stacy, a mom who works 20-30 hours a calendar week on her reselling side hustle. In the past two years, Stacy has had $100,000 sales and is expected to earn $100,000+ in sales in 2021.
In today's post we go over things like:
- The offset detail Stacy sold and how much she sold information technology for
- How much coin she'due south made since starting
- If this side hustle can plow into a full-fourth dimension job
- What she likes and doesn't similar about this side hustle
- How someone tin can go started and get results like her
I likewise share more info on a free workshop y'all tin join to run into if this side hustle is for you.
Before we get started, brand sure to sign upward for my complimentary resource library and go tons of free printables to help change your fiscal life.
Can you lot share exactly what your side hustle is?
My accented favorite side hustle is flipping items for profit! It's okay if you don't know exactly what that is. When I get-go told my family I was going to be a flipper, they thought I was taking some sort of gymnastics form!
They had no idea what flipping was. I wasn't surprised because before I met Rob and Melissa Stephenson from Flea Market place Flipper, I had never heard of it either.
I had been reselling on eBay since 2007, simply I never knew it was actually chosen flipping and honestly, I never knew it was a "affair" where I could actually make a living.
To put it only, flipping is but finding valuable items at a very low price in i market and then reselling them on a platform with a lot of traffic (similar eBay). After some instruction from the experts, I have learned and gotten better at flipping.
The money is in the buy. What does that mean? It ways, the meliorate yous tin can do on the buy of the detail that you lot are flipping, the more than profit you will take. If yous pay also much, information technology won't do good you. You take to find those items that accept good value and are underpriced.
With that said, I accept adult an amazing centre for undervalued items at a low price. The lower the price, the better the return on my investment.
I resell some of my items on local platforms like Facebook, Craigslist, and Offerup. I don't sell oftentimes on those platforms, merely when I exercise it'due south nice. No fees and no aircraft.
I sell virtually of my items on eBay. I love eBay. Information technology's an amazing platform that opens upward commerce all over the world. There are 182 million users on eBay and a hot market to sell my items at a great price!
What made you option this side hustle?
In 2018, my husband and I wanted to purchase an RV. Only since we had been debt complimentary since 2016 (including our house cheers to Dave Ramsey!) We knew purchasing an RV would require us to take cash.
That started me on a month long search to find a side hustle to bring in some money without eating upwards my time. I knew without a doubt I could pick upward lots of actress shifts at the hospital and raise the money.
Time and initial investment were ii key factors in deciding to flip items. I wanted something that I could have a lot more time while making money and I didn't want to invest a lot of money into the business to become started. I feel like flipping met both of those criterias.
In July of 2018, I started my side hustle with just $0.50. I went to a yard sale and picked a center cap for a Dodge ram truck. I listed it on eBay and sold it the adjacent day for $75. I took that money and re-invested it in iii other items to flip and it just took off from there.
To date, I have never put whatsoever other personal finances into my side hustle other than the original $0.fifty. I saved $20K for my RV and have completely run my business including my inventory, storage, taxes, and all other items that I needed to run my business concern.
Flipping has now become my full-time hustle. I came to this decision when I was working a shift at the hospital equally a nurse and while I was working I made several sales totally twice as much as what I got paid for the shift.
It was a no-brainer from and then on. It was easier work at flipping and I was making a lot more money doing it.
Flipping is and then easy to start. You don't need to even take money. You lot can start with the items that you accept lying effectually your own house that you haven't used in a while. Yous don't pay fees until you sell the detail so there is very little run a risk to start flipping.
How long have you been doing this side hustle?
I started flipping in 2007 when my 6th child was born. I had quit my task for a menstruation of time to stay home with my 2 babies.
I had a friend who was selling on eBay and she took some fourth dimension to evidence me the ropes and get me started. I was a nervous wreck in the commencement because I didn't know what I was doing. But I proficient and was able to learn how to sell on eBay's platform.
At outset, I didn't understand the concept of sourcing items to sell. I would only sell the items that I institute in my cupboard or one time in a while, I would find a good deal at a shop and would resell the particular for a small turn a profit.
I chosen it my beauty handling money or just money that I made to buy something that wasn't included in our upkeep.
I hadn't learned from the all-time even so (Flipper U!) and so I did the all-time I could with the express amount of knowledge that I had. I made a few hundred dollars a year and I was happy with that.
In 2018, I had an aha moment when I saw a video of Rob and Melissa from Flea Market Flipper talking about sourcing and how they were earning money by shipping large items. It but clicked with me and information technology made perfect sense. I jumped into Flipper U a couple months later and the rest is pretty much history.
I continue to acquire from them and our flipping grouping every day. I become so many ideas on what to source and flip. It'due south an amazing customs of people.
I've never turned dorsum. Within 2 years, I turned my $0.50 into $100K and I'grand still going strong. I totally dear every aspect of the business organization. I beloved finding items, cleaning them, fixing them, listing and selling them.
In my opinion, it's the best side hustle effectually.
What was the start item y'all sold? How much did yous make?
The very first item that I sold in 2007 was a wrestling singlet from i of our kids. They had outgrown information technology and wrestling was really large at the time. I sold it for $40 and I was hooked!
I used the money to buy new wrestling shoes for my son. Raising vi kids, I saw how flipping could be a really great side job.
That was before I realized I could make real money if I stepped things upward a footling flake.
In 2018, right after I watched Rob and Melissa'south video and decided I was going to starting time sourcing some larger, more than expensive items, I sold a Lavazza Espresso Maker. I picked it upwards for $forty off of Offerup and sold it for $400 on eBay.
At first thought, my husband wasn't that excited about me flipping larger items. But each week, I would study the sales I was making and tuning a profit many times of ten X'south my investment. It didn't take long for him to think flipping was an amazing side chore!
Below are some examples of things that were resold for a huge profit!
How much coin take you made?
After I started taking reselling seriously in 2018, I took $0.50 and turned it into $100K in sales after ii years. I am estimating I will brand $100K in sales for 2021.
I take built a lot of very good inventory and I accept been consequent in keeping at the business organization so I have no incertitude I will hit that milestone this twelvemonth.
Related: 10 Tips For Succeeding With A New Side Hustle
How much money can someone make doing this?
Like any business, yous accept to exercise the work. If you are looking at flipping as a way to get rich quick, simply keep looking. Flipping won't be for y'all.
I work hard and I work often.
I retrieve it'due south prophylactic to say yous volition go out of it what you put into it. If you get into the flipping group and you follow Rob and Melissa'southward program, you lot should be making $thousand in the get-go 30 days. That's about boilerplate.
Of course, that all depends on the person who is doing it and if they are willing to get past their fears and leave their comfort zone.
When I decided I wanted to get uncomfortable, that'due south when the profits started rise. I started purchasing and selling items I had never given a idea to selling considering they would take been also challenging to ship.
Only once I got the shipping down, the sky's the limit! I have sold smaller items up to large freight items on a pallet.
Is this side hustle difficult?
With flipping, at that place is definitely a period where there is a learning curve. In fact, I am however learning daily. You lot have to spend time learning the ins and outs of flipping. You lot also have to be willing to make some mistakes and learn from them.
Sometimes people are and so agape of making mistakes, that they never leave the comfort of not trying. If you don't try and move past your fears, you volition never go successful with flipping.
Anyone tin can do the business. Anyone tin can larn how to source. I've seen people who had no thought what they were doing and they admitted that sourcing wasn't something they were even practiced information technology.
But they just continued to not take no for an answer and keep at it the business concern learning and stepping out of their comfort zone. Within ninety days, they had fabricated over $5,000.
Information technology can be done. There are items to source everywhere and you lot volition never run out of items to source and resell.
Similar annihilation else, flipping is a job. If you get to your job daily and work a hard day, you'll earn a paycheck. If you don't work, you don't get paid. It'south really that elementary.
Flipping has also shown to be recession proof. Through the pandemic and other low times in the economic system, my concern was booming. There are a couple of reasons for that.
People are looking to stretch their money and they are besides looking to buy items without having to leave to stores. Then the online platform that I sold on was the perfect combination for low points in the economy.
Below are a few more examples of things that were sold for a huge profit!
How much time does this side hustle take?
You can spend equally much fourth dimension or equally little time every bit you desire. If you desire to make more sales, you will have to spend more than time sourcing and getting your items listed and sold.
If you but want to brand a little bit of money, y'all can treat it like a hobby. You will still make money, but information technology won't be serious money.
I spend an average of 25-30 a week and I make on an boilerplate $7,000-$10,000 in monthly sales. I bring home most 80% of that. Non a bad return for 25 hours a week!
Learn more about how to brand money reselling in this complimentary workshop hither.
Can this side hustle turn into a total-fourth dimension task?
When I started flipping seriously in 2018, information technology was never on my radar to do it full-time. I loved my nursing task and I was making nifty money. I worked with great people and had no complaints.
But when I started seeing the results I was getting by putting time into my flipping business organization and staying consistent with it, I started seeing that I was exceeding my expectations. I was finding I had a lot more than money in my budget and I had more time and less stress.
Last year, nosotros went on a 30 twenty-four hours road trip across the US in the summertime. I kept my eBay store open and I sold $4,000 worth of items almost the entire calendar month I was gone. I wasn't even at habitation and I still sold and made money!
As I started to see that I was able to brand coin without a lot of piece of work on my part once I got the item listed, I started having a vision for working less at my nursing job and amping upwardly my flipping business to supercede my income.
Then the pandemic hitting and it was a game changer. I started having a lot less joy at my nursing job because of the situation. I was wearied and beingness pulled in so many different directions.
I had already more than replaced my nursing income at that point with my flipping. So I fabricated a decision afterward a few shifts that didn't go well to take some fourth dimension off of nursing. I haven't regretted that determination 1 chip!
Since doing that, I take been able to keep to be very consistent with my business organisation and I have more than than doubled my part-time nursing income with just flipping.
Does this side hustle cost a lot of coin? Are there business expenses?
I think that is one of the most highly-seasoned aspects of flipping. There is very little overhead and near no get-go upwardly costs to brainstorm flipping.
Also the obvious like internet service and a cell telephone (which I already had), there are only fees that I pay to eBay after the items sold, shipping supplies, and my storage unit of measurement which is not a requirement to have this business. I just chose to since I am selling larger items and I don't have the room for them.
One girl in our flipping group found an sometime vacuum in her basement. She sold it for $400 and started her flipping business! She concluded upwards quitting her second task and was making $v,000 a month to assistance her daughter through college!
This is a very unique business in that you tin can outset a very profitable flipping business concern with a reasonable amount of time and very piffling money. I recall that'southward 1 of the nigh appealing things virtually flipping.
What do y'all like and dislike well-nigh this side hustle?
I think what I love well-nigh flipping the most is that I have gotten great at sourcing because I take spent time learning from the best (Rob from Flea Market Flipper). It makes flipping and then enjoyable that I have the conviction to be able to discover items every calendar week and I'one thousand not worried nearly the deals drying upward.
I besides honey the power to travel and have the freedom. I have taken several vacations and I ordinarily make $i,500-$ii,000 while I am gone fifty-fifty when I have my eBay shop on vacation.
People buy from me the whole time I am vacationing knowing that I will ship the detail to them when I return. It'due south a great way to make money and have the freedom and flexibility to travel which I love to do.
I call up the only downside is when I run out of room in my storage that I feel like it stunts my concern because I want to purchase more items but don't have the room for them! But that is piece of cake to fix and I am currently seeking to get more storage space to aggrandize my business organisation.
Are there other people successful doing this?
I think in that location is ever the fright when y'all run into someone beingness successful at a particular matter that maybe it merely works for them. That tin can especially be the case when they are selling a course.
For me, I struggled spending the money on Flipper U because I thought it looked besides adept to be true and that perhaps information technology only worked for Rob and information technology wouldn't work for me.
I'm super happy I got over that. Investing in the course was a total game changer for my business and is the merely reason I am where I am today.
It was pretty elementary actually. I only watched and learned and copied everything Rob did and everything anybody else that was successful in our group. Only in doing that, I was able to bring those same results to my own business organization.
And I'm not the only 1. I have seen many, many people become through Rob'south form and become very successful doing information technology! Some have even quit their jobs that they didn't like and gone full-time flipping.
There are many of us who are doing well and I enjoy seeing all the success in our form members group.
How can someone go started with this?
A friend once told me, "Teaching is cheap compared to ignorance." For me, I struggled with getting the proper grooming. I thought to myself, "How difficult tin this be?" I can practise this without it costing me anything.
So I didn't purchase Flipper U because I idea I knew I could do it on my ain. But after a couple of months of trying and then hard and working and working, I knew it was fourth dimension for me to become the proper training if I wanted to be serious about flipping.
The first month I jumped into Flipper U, my income went from $750 a month to $1,500 and the adjacent month over $3,000 and so on. It merely continued to get better and amend from there.
So for me, information technology was all about finding an expert so coming aslope of them to watch and acquire and grow. It was the best investment I ever made for myself and is the #1 reason I accept been so successful with it (with the exception of God'southward approval on my life!)
Why do you recommend this side hustle/full-time task?
It'southward interesting. As I've watched people working at the hospital as nurses, I was always really taken dorsum at how long people worked. I would encounter people working well into their 70s.
I love nursing…but not that much! I saw people working and so hard and getting older and older where I could encounter them struggling to walk down to the hallway. It was very evident that nursing was becoming really hard on their body.
I ever asked myself, "Why do they do it?" It just baffled me. So later talking with people who were working well into their 70s as nurses, I found out it all came downward to finances. Either they had made poor fiscal decisions through the years or they simply hadn't saved any money.
That brought them to a place where they just didn't have a choice and had to stay in a task they didn't really enjoy.
That did two things. It made for unhappy people and unfulfilled lives. To me, both of those are tragic.
I think we should all exercise what we love. If you lot are in a job you love and yous want to work until yous are lxx, go for it. But if yous don't desire to piece of work that long and finances are holding yous back, I experience like flipping is an amazing way to create income to assistance y'all make your dreams come true. Information technology can help people brand the transition to a improve job or to retirement.
I as well think flipping is such an amazing job for people in retirement. I have several people in our flipping group who retired and started flipping equally a side hustle that has brought so much fulfillment to their retirement years.
Some retirees are using flipping to boost their nest eggs, accept vacations they didn't have in their budget, or give money to their kids and grandkids.
I remember flipping is an amazing side business for any age and I absolutely love doing it and program to do information technology well into retirement!
Just the divergence is I get to do what I dearest and I don't have to stay in a job just considering I have to.
If you're gear up for a change, sign up for the free workshop that will teach you most reselling and if this is the side hustle for you.
What tips do you accept for people who want to brand money flipping items?
I recommend people start boring. You can wait through some items that y'all have in your own business firm showtime before you lot outset to spend money sourcing.
Look nether your bed, in your closet, or in your basement. Believe me, you lot have a ton of stuff you haven't been using and it's worth hundreds of dollars!
The rule in my house is if I oasis't used it in over a twelvemonth, chances are I won't employ it. It doesn't do any adept to me to sit down effectually and take upward space in my house. So why not sell information technology?
It'southward a great mode to make coin to invest in sourcing items to flip.
I also would suggest if you desire to kickoff flipping, get a separate bank account. That style you know what money you take to work with and you can go on better tabs on the money that you are making.
I as well encourage people to become out of your condolement zone. Any fault can exist figured out. That's my rule. At that place'southward cipher that can't be worked out so I practise not allow myself to be and then scared that I won't get out there and do things that are uncomfortable.
When I commencement started flipping larger items, I was paralyzed with fearfulness. I had no thought what I was doing and I knew it. Merely I was willing to larn and watch. I had to force myself past my fear and take it one step at a time.
I made mistakes. I had struggles. But I never gave up. And the issue of that is I am doing something I love, traveling the earth with my family unit, funding my Roth IRA, saving for my daughters' higher, and enjoying our early on retirement!
There is no better side hustle on the planet in my opinion and I am so happy that I was able to move past my fears and tackle this business! I am living my best life because of it!
Free Workshop
Acquire how to plow your passion for visiting thrift stores, g sales, and flea markets into a profitable reselling business.
Become access to the completely costless, no obligation workshop here.
The gratuitous workshop shows you:
- five signs reselling could be the side hustle for yous
- How reselling can be your ticket to lifestyle liberty and financial security
- iii insider secrets that aid you grow your flipping profits
Sign up for the complimentary workshop here.
Final Thoughts
Have you been thinking about starting a reselling side hustle? Do you have any questions for Stacy?
Related articles:
- How I Make $10,000 A Month With These Side Hustles
- ten Side Hustles For People With Less Than 5 Hours A Week
Don't forget to sign up for the gratuitous resources library and get exclusive admission to free printables & planners related to saving and making money, repast planning, and more!
Like this postal service? Share it!
Gratis Printable Resources Library
Join x,000 others to become admission to twenty+ free printables related to achieving financial liberty, starting a side hustle, and other fun goodies!
Success! Now check your e-mail to confirm your subscription.
Source: https://www.fitnancials.com/how-i-make-8000-each-month-reselling-items-on-ebay/
Posted by: samonscancest.blogspot.com
0 Response to "How To Make Money On Ebay Even After The Fees"
Post a Comment