disneysteve
DIS meet junkie
- Joined
- Sep 29, 2002
- Messages
- 16,200
You love vintage stuff so there's probably stuff you know the value of. It's always best to start with what you know. Look for those items at yard sales, estate sales, and thrift shops. Find them cheap and flip them for a profit.This is a cool idea! I am a lover of vintage stuff and love thrifting so this really appeals to me. Do you have any good resources for how to identify what sells the best? Or should I buy what speaks to me?
The best resource for identifying what sells is ebay itself. You can search for an item and see how many are currently listed. Then you can filter the search to see ones that have sold. That tells you how much they're selling for but also lets you see the sell-through rate. Ideally, you want to see a good number sold relative to the number listed. If there are 100 listed and only 5 sold, that's not so great. If there are 40 listed and 30 sold, that's much better. The ebay search goes back 90 days. If you have an ebay account, you can also use the Terapeak research tool which goes back 2 years.
Also you can find things people are giving away for free online. Download the Freebie Alert app and you can get a notification every time somebody lists something for free on Marketplace, Offer Up, NextDoor, etc. You've got to be quick, though, as things often get claimed really fast. I've gotten many things that way that I have resold. Obviously, it's all profit when your cost is zero.
I ship over 95% with USPS as they generally have the best rates. I use UPS now and then for larger items as they're usually cheaper for that stuff. Buyer pays shipping so it has no impact on my profit other than the final value fee ebay takes on the total sale price including shipping and tax but when I buy something for $5 and sell it for $50, I really don't care that ebay takes about $7.50 of that. I still come out way ahead.Who do you use for shipping? I feel like shipping costs take away any profit and I'm afraid of things arriving broken. I have vintage Disney posters that I would like to sell but I can't figure out how to ship them (they have a flat cardboard backing, not rolled).
Are those posters mounted on the cardboard or could you remove them and ship them rolled? That would be the best option if you can. If not, you'd have to sandwich them between stiff cardboard and mail them that way but the oversize fee could raise the cost. Whether or not it's worth it depends on the value of the items.
@Princesca just to give you some legit idea, my worst month so far this year, January, I had sales of $1,075 and profit of $610. My best month I had sales of $1,416 and profit of $1,033. I set a personal goal at the start of 2022 to make a monthly profit of at least $500. I've only failed to hit that once in September 2022 and that was because we were away on vacation for part of the month. Other than that, my worst month I did $585 profit. My best month by far, June 2022, my profit was $3,710.64 (huge estate sale score). My average monthly profit for 2023 so far is $771.
I constantly recommend ebay as the best option for people who need extra income but don't have time for a traditional job or second job. There are some great Facebook groups like "ebay sellers helping each other" (I'm a group expert for that one), and "ebay the right way" which also has a podcast by the same name. If you want to hear more of my story, I was a guest on that show last year (episode #87, November 22, available on YouTube or any podcast app).
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