Playing The eBay Game

Money Making Challenge!I thought I was going to wait until the first to start in on the Money Making Challenge full steam, but good old eBay sent out their notice that tomorrow (2/28) is a $0.10 fixed price day. Although I don’t like it as it usually disrupts my plans, when these sales come around I usually jump full into listing as many items as I can. I shooting for a minimum of 50 by midnight March 1.

These listing sales make sense and can save you a lot of money if you know the price something should sell for. This is especially true if you are selling expensive items where you may pay several dollars just to list them. My basic strategy has been mapped out over many previous times – this is what I&

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7 Responses to Playing The eBay Game

  1. samerwriter says:

    With a lower listing price, wouldn’t you expect there to be a lot more items listed in competition with yours, thus potentially driving down the sales price?

    I’m curious if you’ve tracked this in the past; obviously it’s tough to get an exact figure, but does it seem like you come out ahead?

  2. pfadvice says:

    This promotion is a fixed price promotion – so there is no actual auction (although it shows up in the auction listings) and the reason you need to have a good idea of what things sell for.

    I deal mainly in Japanese antiques and other collectibles so there isn’t a lot of competition — so even when they are auction promotions, it has little effect on the items I sell.

  3. Hi, How do you get informed on these $0.10 deals? I looked at the eBay webpage and could not find any news on the same.
    Thanks.

  4. Jonathan says:

    I’m sure you don’t want to share what you sell, but it is a commodity (like 100 of the same item), or do you buy separate items cheap somewhere and then sell them back on eBay?

    Am I also correct is assuming you would rather work on the website because they are more of a passive income? Since it seems like you could do very well just doing eBay all the time. (I’m sure you have more passion for the sites too.)

  5. pfadvice says:

    I’m sure you don’t want to share what you sell, but it is a commodity (like 100 of the same item), or do you buy separate items cheap somewhere and then sell them back on eBay?

    Am I also correct is assuming you would rather work on the website because they are more of a passive income? Since it seems like you could do very well just doing eBay all the time. (I’m sure you have more passion for the sites too.)

    No problem at all sharing the things I sell (which I will be doing), but mainly because even if I share, it would be difficult for anyone to copy (or compete against me) unless they were living in Japan. If I were still doing this full time, I may feel a bit differently, but since now it’s basically a part time activity, it’s not a big deal.

    Correct on the passive income. I was making quite a bit more doing eBay, but it’s a job where if you stop putting things on, your income also stops plus there is no value created in the business when you’re finished – I could sell the remaining inventory, but since most people would not be able to continue to obtain the items I sell, there really isn’t a business to sell (except maybe a bit for my customer lists).

    The websites will eventually let me be able to take a 2 week vacation and still bring in daily income. It was a tough decision to make considering the money I have given up, but I think will pay off well in the end (at least hoping)

  6. Is it better to start the bid low on ebay or to set a mid priced starting fee. I also see many items on there now that are fixed price. Will just have to give a try. Trial and error as they say.

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