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RPS #113 – How Much Money Can You Really Make On Ebay?

How Much Money Can You Really Make on eBay?

The other day, I had someone ask me, “How much money can I make on eBay? Can I make $10,000 a month?” I get this question so often. And my answer is always that when it comes to selling on eBay, you get what you put in.

The more items that you pick up, the better you are going to do. It could be from thrift stores, garage sales, retail store, or wholesale websites online. The more you list high- quality products—products that are in demand, that have a market—the more you’re going to sell. So the more effort you put in by listing items and putting items out there for the market to buy, the more items you can sell.

Possible But Not Easy
Now there are a lot of factors. Maybe you already have a full-time job. Maybe you’ve got a family. Maybe you want to make $10,000 a month on eBay. Is it possible? Yes. Is it easy? No.

Are there are a lot of people making $10,000 a month on eBay? I have a good friend who has been doing well over $10,000 a month on eBay for quite a long time—but it wasn’t easy. He built his way up to it. Three years ago, he was doing $1,000 a month. And then he slowly built it up to where he is today.

That took time. It was a huge learning curve figuring out what to buy, what to sell, and how to create efficiencies in his business.

Gross Vs. Profit
It’s so easy for people to say that they made $5,000 or $10,000 or even $15,000 on eBay. What they don’t say is that this was not all profit. It was gross sales.

There is the cost of goods. There are listing fees, selling fees, and PayPal fees. There are fees for supplies. There are cash flow issues. What do I mean by that? Well, when you invest in an item, your money is pretty much sitting there until it sells. So you’ve got to continually sell items to bring money in to continue buying.

It takes time. How much money can you make on eBay? That’s up to you. There was this one woman who was a lawyer for many years. She ended up going into eBay full time doing consigning. People would send in an item. She would sell it for them and give them a cut. She got to where she was grossing more than one to two million dollars a year.

The Possibilities Are Endless
It’s up to you. How creative are you? How many items can you get? What’s your demographic?

Say you want to focus on clothing. What are the opportunities for you at clothing stores? Here in Connecticut, I’m blessed. There’s a ton of thrift stores. Clothing is abundant, and I can get it cheap.

But where you live, that might not be the opportunity for you. Maybe your area is good for electronics. Maybe you live in an area that you don’t have any thrift stores. You don’t have any garage sales. Maybe you’re in Antarctica; it’s freezing all the time, and you can’t get a hold of inventory sourcing locally. Maybe you have to look to white label or private label or wholesaling or drop shipping. There are so many opportunities.

Think Outside the Box
How much money can you make on eBay? It’s up to the individual. It’s up to the creativity. It’s up to the hard work. How much you put in is how much you get out.

People think that eBay is easy. People think that you can just make $10,000 a month with no effort. The opportunities and the possibilities are endless on eBay. But it’s not easy; it’s hard work. You get what you put in. But it’s an opportunity. It’s an opportunity for someone out there who doesn’t want to work a nine to five, who wants to create freedom, who wants to be their own boss.

If someone has that mindset and those characteristics of an entrepreneur, they can make it happen. You can make $5,000 a month, $10,000 a month, $20,000 a month. I’m not saying it’s all profit. It’s going to depend on your business model. But it’s possible.

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