Turning $20 into $480

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I’m sure that we all sell on eBay to make a profit, right?  We may shop thrift stores every day, order our inventory from a wholesaler, or even make our own products, but did you know that you may have eBay inventory handed to you every single day without you knowing.  Turning $20 into $480 may sound too good to be true, but it really isn’t, and eBayers are doing this every single day because they know one simple tip that you may have been missing.

Did you know that some coins that were minted in 1964 or before, are 90% silver?  That means that they are worth their weight, and much more than their face value.  Take a look at a current chart that represents the actual worth of each coin found on Currency DeBasement (found HERE):

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As you can see, some common currency that we are using every day is actually worth a lot more.  I’m not suggesting that you melt your own coins, I’m not sure if that is even legal; however, I am suggesting that you sell them on eBay!  There are a lot of sellers who do this for a living, and the return on investment is HUGE!  Let’s take a look at a couple of completed listings:

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These sellers turned $20 into $485.95, $1.50 into $37, and $3 into $70!  Now you may be thinking, “Where do I get these coins?”  Well, they are still circulating in your everyday life so you will want to check your coins.  My mother has been a waitress for over 25 years, and she collects her coins throughout the whole year to pay for her Christmas presents.  I don’t take the coins from my mom, but I do help her identify which ones are valuable and which ones are not.  Then I can sell them for her.

So with this knowledge, you now can become successful at flipping $20 into $480!  Finding these coins can be quite fun, and with a little bit of creativity, they can be easy to locate!

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

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How To Be Successful On eBay​

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Let’s be honest, when it comes to running a successful eBay business, many people fail. This might be a hard fact to believe, but it’s true. eBay is fun, fast, and exciting, but when it comes to success, it takes work. Just like with any business – it takes dedication, hard work, organization, and time management. So how do you become successful as an eBay entrepreneur? Well, you treat it like a job.

The word “job” might sound a bit ugly at first, after all, you may want to become an eBay entrepreneur to get away from your “job.” When you treat your eBay business as a job, you create structure, and this can take you from a hobby to a full eBay entrepreneur overnight! Let’s take a look at a couple of ways this technique may help you:

  • Time management – If you had a regular job, you would probably need to clock in and out of work every day. You would do this so your employer would know how much you’ve worked and how much to pay you. Additionally, your typical work day usually consists of 8 hours plus lunch. When looking at your eBay business as a job, it’s important to use the same structure. If we are our boss, then it may be easy to sleep in those few extra hours or procrastinate instead of shipping out sold items on time. That’s why creating a clock in and out schedule can keep you on track. You obviously have some flexibility here, but this keeps you accountable to your work! So set your alarm and get ready to take your business to the next level!
  • Organization – Staying organized is a huge time and mind saver. As with a regular “job,” you will want to keep your work area clean and organized. This will help you with all aspects of your eBay business (e.g., Printing labels, listing your items, or even customer service). The same thing goes for your inventory. You need to make sure that you can find your things quickly and efficiently. Lastly, you need to be organized when it comes to finding stock. Have a game plan for each store you visit, and yes this includes your online stores.

These two tips alone will help you become a successful eBay entrepreneur. Sometimes it takes structure to make your life easier, and by looking at your eBay business like a job just might be the key. Lastly, it’s still important to have FUN, so take some time off every once and awhile, buy yourself something nice, and don’t take life too seriously. Besides, why work so hard on your business if you never take time to enjoy life.

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

Want an easy sale? List some Hair Curlers!

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I’ll never forget the first time I was shopping at Goodwill and found a pair of the blue Remington Tight Curl Curlers. If it wasn’t for the TalkBoy sitting right next to these money makers, I probably would have walked right past them.  At the time, selling items from Goodwill was completely new to me.  In order to find out whether or not I could make money – I had to check the completed listings on the eBay mobile app.  My mouth almost dropped when I saw that those same curlers were selling for over $50 used. Goodwill was selling them for only $2, so I knew it was a home run.  But why?

The Remington Tight Curl Curlers are not the only set that will bring you in the big bucks. Let’s take a look at a few that have recently sold, and pay attention to the titles of each of these completed listings. You will see a theme. Every listing makes reference to Pageants. These old and used hair curlers provide the perfect curl for the toddler and tiara type of shows. It doesn’t matter that they are used, if it helps win the competition, then the parents will fish out the dough.  Take a look at a few of the sold listings below:

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This is an excellent time to point out the value to checking every “eye-catching” item at thrift stores. You truly never know what an item is worth to someone else! Using this type of thinking has to lead me to some crazy finds in my day. Here is a list of my most interesting finds:

  1. A box of tampons: YepI bought for less than a dollar and made over $60.
  2. Three bottles of cleaner: It was to be used in a machine that was discontinued. (Bought for less than a dollar per bottle and make over $30 each.)
  3. Water damaged ink: I found several boxes of old ink that were heavily water damaged for less than $3 each. I sold most of them for $30 and some for over $50. It turns out that they were solid ink bars and the water did no damage.
  4. Old Coke rugby shirt: This shirt had several holes and looked like it was worn in an actual rugby game. Bought it for $4 and sold it for $150.
  5. Electronic Face Shocker: That’s not the real name, but it does a good job describing what it does. It’s called a face exerciser. I found it in a zip lock bag for .50 cents and sold it for $70.

I really could go on and on, but the point I’m trying to make is that you can’t judge a book by its cover. It may not look like much to you, but someone else may be willing to pay big bucks for it! What is your craziest find?  Share in the comments below.

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Sometimes holding on to a product is more profitable!

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When selling on eBay, my official motto is to “Flip an item as fast as possible,” but in some cases, it may pay to be patient.  You may have an item that is easy to find right now, but it could be seasonal.  When the supply dries out, the profit should go up, right?  That’s not true in all cases, but if you do your research, you could walk away with much more money!

5a97fece-b691-404e-a39d-2ebeb92e9601-2878-0000030833421e07_tmpLet us take a look at a recent purchase I made.  Not too long ago, I was walking through a store with my wife when I found a huge lot of FrankenBerry cereal on clearance for $1.  This typically is a Halloween item, but since the holiday was over, the store seemed to think that the demand would go down.  I pulled out my handy smartphone and checked the completed listings on eBay.  I wasn’t that thrilled with the results so I kept on walking.  Then it hit me – clearance items usually mean that the stock will be gone soon.  So, the true FrankenBerry fans will be out of luck, and with supply & demand, I’d more than likely be able to make a profit.  Instead of listening to my instinct, I pulled up one of my new favorite apps, Terapeak.  I was able to see that I was right; a few months after Halloween, each box spiked to between $5.50 – $9 a box. So, against my wife’s wishes, I bought all 120 boxes for $1 each (at Target)

It’s not like these are selling like crazy on eBay, so I had to develop a strategy to sell these before August 2017 (that’s when they expire). Here is what I found:

  • They are selling better in the United Kingdom than in the United States, so I decided to add UK visibility to my listing.
  • The current average sale price right now is $5.99 with $16.50 shipping to the UK, so I decided to sell them now for that amount. According to USPS, it will only cost $12.50 to ship the box there – that will leave me a profit of $5.37 per box.
  • According to Terapeak, this number will grow throughout the year, so even if I only make $5.37 per box, I will have made a $644 profit on FrankenBerry cereal.
  • I am using more sources than eBay to sell this product (Amazon).
  • If all else fails, I have a lot of FrankenBerry to eat.

Thanks to TeraPeak, in this case, I have the knowledge that my product will probably sell for more in a few months, but since I have so many boxes, I think I am going to start selling them now. If you have never used TeraPeak before, I suggest you at least check it out.

Have you ever had an item that you sat on for awhile to make more money later on? If so, what was it and was it worth it?  Lastly, please subscribe to this blog for more updates :).