Thrift Shopping For eBay

Thursday, April 16, 2015

Every Sale Counts on eBay

I had a certain monetary goal I wanted to reach by this week from my eBay sales and from freelance writing. I really wanted to meet that goal yesterday but I didn't make it. But that's okay, I really have till Monday to reach it. I decided to list as much as I possibly could this week, said a prayer yesterday morning, and hoped for the best.

Within 2 hours, I had a sale. I have had this Hard Rock Cafe Jacket listed for two months. I got it for $2.00 and was optimistic it would sell right away. I tried it at all different price points as an auction starting at $19.99 all the way down to $9.99 at one point, considering similar jackets were going in that range. Finally I decided to list it as a "buy it now" or BIN as it called in eBay lingo, and hope it sold at some point. That was my sale yesterday, for $13.95. I certainly did not make a killing on it, but after I took out my initial cost, I still earned $12.00 toward my goal this week.

This morning I woke up and was checking my email and saw I had another sale. It was for this LL Bean jacket that I have also had listed as an auction for a few months. I just recently dropped it to a BIN status, and raised the price from $12.95 to $15.95 and it sold! Again taking the $2.00 off for the initial price I paid, and I still earned $14.00 for it.

In less than 24 hours, I earned $26.00 toward my goal. And actually I still have 148 items listed in eBay and since the best selling time is usually on the weekend, I have high hopes that I will hit my goal by Monday morning. Even small sales periodically all add up to making financial goals through eBay. If you have wanted to start selling on eBay, what are you waiting for? You too could have earned money in the last 24 hours!

6 comments:

  1. This was a wonderful tutorial in a short 'n' sweet, reader-friendly format.

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  2. Good for you! It seems that BIN status works well for you. I hope you reached your goal!

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    Replies
    1. Sheila,

      I think it's good to have a combination of BIN and Auction items because some people like to buy right away and some like to take their chances by bidding.

      Delete
    2. Sheila,

      I think it's good to have a combination of BIN and Auction items because some people like to buy right away and some like to take their chances by bidding.

      Delete
  3. Hawaiian Odysseus,

    Thanks so much. I try to keep things short and simple so people will understand better.

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  4. Hawaiian Odysseus,

    Thanks so much. I try to keep things short and simple so people will understand better.

    ReplyDelete