Increase Your eBay Sales With This Common Item

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I surprised myself when I found the Panasonic Electronic Pencil Sharpener niche.  I was just strolling through a thrift store when I saw an item that was not out of the ordinary.  I have passed over it many times before.  For some reason this time was different.  I had a nagging voice in my head that said: “If you check it, money will come.”  I made that last part up, but I still felt the urge to check the eBay completed listings.  When I did, I was surprised to find out that these were in high demand!  All the listings were sold, and they sold for a decent amount of money.  I thought back to all of the electronic pencil sharpeners I have passed up and wondered how many were Panasonic.

In case you were unfamiliar with the pencil sharpener industry, let me fill you in.  Panasonic is the top of the line brand when it comes to these things.  The leading businesses who need electronic pencil sharpeners only look for Panasonic because of the perfect sharpness of the pencil that it can produce.  They say that Panasonic takes sharpening to another level (not kidding).  Panasonic uses thick plastic which makes them stronger and more durable throughout the years.  Many sketch artists say that they will only use this brand because of the sharp stainless steel blade.

So how much are these worth?  Since I now know how popular these are, I have found quite a few.  You can usually get them for $1 – $4, and they can sell for as much as $60!  Here are some completed listings:

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Make sure you don’t overlook the old Panasonic Pencil Sharpeners because they can go for even more money than the new one’s today!  You should be able to find these at thrift stores, garage sales, or even marked down to clearance at some office supply stores!  The lesson I have learned from this is never to assume that an item is worthless.  If you have a feeling, look it up!

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Traditional Job VS eBay Entrepreneur

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The dream of working from home rings true in many eBayers. Just think of how easy it would be to prioritize your day according to what’s relevant to your life, or even work when you wanted to. For most, this is just a dream, but does it have to be? The average person may say “YES,” but have you really done a deep dive into how much you are actually making at your current job? According to USA Today, the average person makes around $25,000. On the surface, it seems that you are contributing all $25,000 to your household, but I want to take you through a closer look at what it actually costs you to work at a traditional job vs. eBay!

My husband and I had to take a look at this same scenario when we had our first child. Since we had just moved to a new city (and just had a baby), we both were not working. We had a long talk about me going back to work full time, but when we ran the numbers, it didn’t make sense. Let’s take a look at how it compares.

Let’s just use the average American Salary of $25,000 in our example:

Daycare – For us, one of the biggest expenses would have been Daycare. This can actually fluctuate depending on your city and state, but where we live the average Daycare would have cost us around $400 a month for one child. On the flip side, I was able to stay at home with our son Jack and work when he is sleeping. I can surf the web from our couch, and find great eBay inventory online. If I do take Jack to a Goodwill or another store, I can make it fun by having Jack help pick out an item to sell on eBay.

Clothing and Dry Cleaning: Previously, I had worked in the Paralegal field before we moved, and I was expected to dress up each day. I didn’t necessarily have to wear a business suit, but I had to dress professionally. It seemed as if I had to buy new clothes all the time, and that really added up. Not only that, some of the clothes that I bought had to be dry cleaned. This averaged out to be around $80 a month as an added expense. We still buy clothing, but it’s nothing compared to the cost of the Professional Dress Code I had to abide by.

Lunches: Eating out can really add up, and with my old job, everyone would ask me to eat out each day. A couple times a week I would take them up on that offer and end up spending about $40 (weekly) on snacks and take out food. I now have time to plan out my meals.

Transportation: Here in Indianapolis, driving to work can be a long commute, and when you add in the parking costs, it can blow out your budget for the month! Driving 600 miles per month or more for your commute can equate to around $200 a month in gas! Not to mention normal wear and maintenance on your car. You may be thinking that as an eBay entrepreneur, you may need to drive quite a bit, and yes, this is true. The good thing about having an office at home is that you can write it off on taxes (I’m not a tax expert, so please talk to your tax adviser).

Miscellaneous: There are other small amounts of money that a traditional job may cost you. What about you having to pitch in money for someone’s birthday (that you might not even like) or other odd things that come up every month? They do add up in the long run.
Taxes: Everyone pay’s taxes. This even includes an eBay Entrepreneur.
So let us add it up and see what it costs you to work at a traditional job:

  • $25,000
  • Per month: $2,083
  • Take out average taxes of 19% – Take home pay is now: $1687
  • Take out Daycare costs – Take home pay is now $1287
  • Take out Clothing expenses – Take home pay is now $1207
  • Take out Lunch expenses – Take home pay is now $1187
  • Take out Transportation expenses – Take home pay is now $987
  • Take out Miscellaneous: Take home pay is now $947

That means that you are now working a traditional job for only $947 a month. Can you make $947 a month on eBay? Absolutely!! You can make way more than that! When we did this exercise, it was really eye-opening, and we made a game plan on how I can make more than my traditional job on eBay and still be a stay at home mom. This is something that was crucial to us, and has definitely paid off! This scenario may be different for you. However, the concept is the same. If you want to work from home as an eBay Entrepreneur, then add up what it actually costs you to stay at your job; that way you will know how much you need to make to replace your income.

Also, if you are new to eBay, I recommend that you start slow and get familiar with how to make money on eBay. I know it can be really exciting to see how you can work from home, but gaining the confidence and knowledge to sell on eBay does take a little time, so pace yourself, and test it out for yourself before you quit your traditional job. You want to be 100% sure that you can replace your income.

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How to make $100 a day on eBay.

 

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The number one eBay related question I get is, “Where do I find eBay inventory?” Over the past couple of years I have outlined many places you can go to find eBay inventory, but for most, this can be overwhelming. It can take time to find inventory, and if you’re like me, you probably don’t have all day to search for new items to sell. So, how do you make $100 a day on eBay? There are several ways to accomplish this – below I’ve outlined a simple and easy to follow formula:

The key to this program has a consistent inventory stream. This may sound hard, but in reality, it’s not. Ebay inventory is all around you. It is a numbers game, and this is how to play.

1. Look at the stores that are around you e.g. Target, Grocery Store, K-Mart, Dollar Stores, Malls, Shoe Stores, Thrift Stores, Costco.

2. Pick three or four stores, and walk through them with a notepad in hand. You will be looking for items that are SMALL and unique enough that a buyer might not even know that they are there e.g. Fake Lottery Ticket, Stickers, Lip gloss, Toy handcuffs, Party Supplies, shoe laces.

3. Out of all the stores you visit, you want to come up with a list of 100 – 150 items and their prices (each store has thousands of SKU’s so this may take time, but it shouldn’t be hard to do)

4. Take your list home, and visit this eBay profit calculator HERE. You need to figure out how much you would have to sell each item for if you wanted to profit $.50 – $5. (That’s right, $.50 – $5).

5. Compare each item with the completed eBay listings. See if any items are selling in this price range.

6. List your items using a fixed format.

It’s important to remember that you have free listings every month (unless you have an eBay store). This process takes some time to get up and going, but once you set up your listings, you can set it and forget it. There are two key goals we want to accomplish here. First, we want the items to be small enough that we can send them in an envelope. The reason behind this is that filling out an envelope is quick and it doesn’t take up much space. Secondly, we want to find items that are consistently available in the store (see number 2 for ideas). If you can locate and sell the same item, then you only have to set up the listing once.

If you are making $.50 – $5 per item, then you usually need to sell 50 items per day. If you are selling items that fit into an envelope, then it should only take you a few hours to gather your products and send them out. For me, I like to have my 3 or 4 stores close together (within a mile).

This technique should be used in conjunction with selling the more profitable items. I mentioned earlier that this is a numbers game. Since I have an eBay store, I know that I’m allowed tons of free listings per month. In most cases, I am using them all, so I don’t lose money if my products don’t sell. With newer sellers, you may be restricted to the number of items you are allowed to sell, but you can request the limit to be raised at any time.

The hardest part is making sure that your stores keep the item in stock. You do run the risk of your item being sold out when you go to buy it, so pay close attention to what you are listing. If this happens, make sure you quickly let the buyer know and refund their money.

Like I mentioned before, this is just ONE of the ways that you can make $100 a day on eBay. Just to be clear, it’s not easy. It takes work, but when your business is set up correctly, you will reap the rewards. As always, it’s not guaranteed that you will make any money at all using this system. The amount of money you make depends on your dedication, skill level, and time/effort you put into it.

For more tips and tricks, check out “The Keys to a Successful eBay Business” HERE.

A Money Making Niche That’s Totally Rad.

 

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Feathered hair, side ponytails, beauty moles, neon, puff paint, and slap bracelets were all trends in the 80’s. Guess what, it’s 2017 and those same trends are back! There are even schools that are dedicated to having an 80’s theme parties. So it’s time to dig in your closet and drag out your old Swatch Protectors and sell them on eBay.

What if you didn’t see this trend coming (like me) and got rid of all your 80’s gear? Have no fear, Goodwill’s and other Thrift stores are loaded with old 80’s items that are ready to be sold. Let’s list a few items that are selling:

80’s prom dresses –

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80’s Accessories – Trapper Keepers and Jellies

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80’s Parachute Pants and Jammers –

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Those are just some of the 80’s awesomeness you can find in Thrift Stores or even around your house! When looking for 80’s items, try to keep your eye out for shirts that have rock bands on them or other 80’s stars. I have had some great success with matching up clothing items to look like an 80’s tv or movie star. For example, I found a reddish-orange Puffy Vest and was able to sell it as a Marty McFly costume from Back to the Future.

Think about the tv shows in the 80’s. What did they wear or use? Zack Morris from “Saved by the Bell” used a large cell phone. Now when I find one that looks like the one he used at a Goodwill store, I can sell it as a Zack Morris type of phone and get more money. Be careful, because pretty soon you will find yourself saying words like Dweeb, Gnarly, Rad, and Tubular. So what are some other 80’s trends that could be selling on eBay? Do you still have any of these items in your house today? Comment below and share your Tubular 80’s moments!

For more ideas on what to sell on eBay, check out “The Keys to a Successful eBay Business”, HERE

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Hey – That Would Be Great For….

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When eBay buyers go online to shop, do they know what they are looking for?  In most cases, I would say – yes, but it’s easy to get lost in all the active listings.  Lucky for them, you can help!

Steve Jobs is famous for doing zero market research at Apple.  He thought that customers had no clue to what they wanted.  This goes for the eBay shopper as well!  I’m not saying that us “sellers” need to invent a new life changing product like Steve did, but there is an easy way to open an eBayer’s eyes to your product.

With that said, there’s a small trick I use when repurposing a product on eBay.  This step opens up my item to a whole new group of eBay buyers that probably wouldn’t have seen my item.  So what’s the trick?  Well, the trick is to use the phrase, “Great For…”, and then suggest a use for a product.  For example, I found a Cast Iron “Mickey Mouse” Muffin Pan.  I tried to sell it as is, but no one was interested.  That was until I changed the description to “Cast Iron Mickey Mouse Muffin Pan – Great For Disney Birthday Parties.”  That opened up a whole new niche for me.  Not only was I selling to the collectors, but I now am selling to buyers looking for birthday ideas!  I got great feedback from the customer, and she thanked me for the suggestion.  I doubled the amount I thought I was going to get for it, so from there on, I was sold!

It’s fun to go to eBay and type in “Great For” in the search bar and see what results you get.  Some people have great ideas, and it helps me stay creative with my listings.  Before we take a look at a listing, you can check out the “Great For” search results HERE.

Okay, let’s take a look at how adding “Great For” helped a seller make more money.

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These are similar listings, but one has “Great For Bridal Showers, ” and one does not.  If an eBay buyer was looking for Bridal Shower ideas, then guess what listing popped up?  This technique will greatly enhance your chances of your item being bought!  Give it a shot and let us know how it worked!

For more tips and tricks (plus a list of what to sell), check out, “The Keys to a Successful eBay Business” HERE

Easy to Find – Money Maker

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The Sony Walkman – this brings back good memories. Walking down the street, listening to the latest MC Hammer cassette tape. I thought I was cool! I remember when I bought my first Sony Walkman. It was the latest and greatest technology, and I could either listen to FM radio or whatever tape I could carry. When I was done listening to the first side I simply flipped it over to side B. Technology sure has advanced since then, but the Sony Walkman is still in high demand!

Sure there are “newer” digital versions of a Sony Walkman that allow you to play MP3’s, but those are not the ones that sell well on eBay. The vintage Sony Walkman (from the 80’s) is what’s HOT! There are a few reasons why people want these beautiful electronics again, and it may not be why you’d think. I have sold many of these on eBay before, and just out of curiosity, I asked the buyer why they wanted an old Sony Walkman. Here is what they said:

1. Battery Life: A couple of buyers stated that they only wanted it for the FM radio and that the Sony Walkman has the best battery life.

2. Collectors: I had some buyer tell me that they are just a fan of older technology, and they wanted to add it to their collection.

3. Party: One other buyer told me that they are going to an 80’s party and wanted it as an accessory.

I’m sure there are other reasons why people want these, but whatever the reason is, I am happy to sell it to them! Let us take a look at some completed listings:

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As you can see, the Vintage Sony Walkman is worth some real money! So where do you find these? The answer is, EVERYWHERE! A lot of people don’t understand the value of the Walkman, so they sell them for $1 at garage sales or $2 at thrift stores. Even some people on eBay will do a buy it now for under $5.

Make sure you are paying attention to the model of the Walkman, and utilize the Completed Listings feature. Not all Walkman’s are worth the same amount, and of course, the older, the better. Try to stay away from any cassette Walkman’s that have a digital display. Those are too new. Lastly, make sure it works. You may have to buy a cassette tape from Goodwill for $.50, but it will be worth it. The last thing you want is to have an angry buyer!

f you are wanting more tips and tricks, you can get my ebook, “The Keys to a Successful eBay Business” HERE

It’s time for your 2017 eBay resolutions!

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It’s 2017, and I’m expecting this year to be one the best years of my life!  Just like everyone else, I have made my new year resolutions, and more importantly, I’ve made a plan to achieve my goals.

So, how can your new year resolutions help you make money on eBay? Take a good look at your list. Your resolutions may fall under one of the top three: weight loss, get organized and pay off debt. With that said, there’s a good chance that your resolution is different – and that’s okay! It’s okay because the more unique your resolution is, the more you can utilize that to your advantage on eBay! Since most people lose interest in their resolutions after February, we need to find eBay inventory asap!

Let us look at the top three resolutions.

Weight Loss:

This – by far – is the top New Year resolution every year. People buy gym memberships, weight watchers, work out DVD’s, bikes, and more. Finding weight loss inventory is an easy one for us! Goodwill and other thrift stores are filled with everything from food scales to workout clothes. Some top items to look for maybe – Healthy Cookbooks, Exercise Clothes, Body Scales, Food Scales, Yoga Mats, and Work Out DVDs. Let’s
take a look at a few completed listings:

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Getting Organized:

This resolution is also easy to shop for. When I think of getting organized, I think of storage. People like to declutter their home this time of year, so we need to be there to help them. Things to look for at Goodwill or Thrift Stores are Any collapsable bins, Anything labeled as an organizer (e.g. Christmas paper organizer or Shoe organizer), or Wire Baskets. Let’s take a look at a couple completed listings.

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Pay off Debt:

The third most popular resolution is to pay off debt and save money. There are several inventory items we can look for to help others pay off debt. Look for – Unique Coupon Organizers, Popular ‘Pay off Debt’ Books, and others! This type of category is very broad and is the kind of item that you just see in the store, and you know it will be a good seller! Let’s take a look at a completed listing.

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This is just the tip of the iceberg. As you dive deeper into each niche, you will uncover different types of items to look for! Again, take a look at your new year resolutions and see what things can help you make money! I am honestly hoping that you all have the best 2017 possible! Lets all double our eBay profits this year!

If you are wanting more tips and tricks, you can get my ebook, “The Keys to a Successful eBay Business” HERE