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Friday, April 3, 2015

eBay Selling Update: Two Months In

Hello all and Happy Good Friday! I have the day off work today, so I will be headed to town this afternoon to run a couple of errands. For now, though, I'm back with another monthly update about selling things online (See my first one here). Warning - It's about to get a little technical and financial up in here, 'cause I'm sharing all the juicy details.

I started at the beginning of February, so have been selling my old, unwanted stuff online for about 2 whole months now. I posted my old, gently used clothes, wallets, shoes, etc. on both Threadflip and eBay. To date, I have not sold a single thing on Threadflip. On the other end of the spectrum, I am selling things almost daily on eBay, and it's been really successful for me so far.

During the months of February and March, I've netted about $360.00, but that doesn't mean I profited that much. There are also Selling fees that eBay charges and invoices you once a month - this could be .40 or so every time you list an item for sale. Then there are shipping fees and supply costs to factor in, too. I've paid about $30 in seller fees, and about $200 to ship my packages out. So with those expenses, I've estimated that in the past two months, I've profited about $120.00. Not too bad, right?

I'm definitely going to continue selling things on eBay as long as I have things I want to get rid of. It feels good to clean out my closet and get rid of clutter that's just sitting around taking up space. That $120.00 was just sitting in my closet! Here are just a few items I've been able to sell and make some cash on so far:

What's really helped is that I've been keeping a spreadsheet to keep track of expenses, and eBay also keeps track of sales for you, too. Here's what it says I've sold over the last 30 days:

I know it's only been a couple of months, and it was hard to get going at first just learning all this stuff, but during the month of March I really got into the swing of things. By now, I pretty much feel like a professional. ;) In February, just starting out, I sold about 10 items. In March, I sold 30 items. My goal is to continue selling this spring, then in early summer, have a yard sale with what's left. After that, we'll probably take most of it to Goodwill.

Selling my unwanted stuff not only clears up space, but it gives us a little extra cash for the honeymoon, and to do extra things, which is always nice. I've profited about $3 per item, where I would have made maybe .25-.50 per item at a yard sale. Plus...I got a gold star. :) Check it out:
That's due to my customer feedback ratings, which are 100% positive. And, I couldn't have done it without Trent, who's been taking every package to the post office to be shipped, since I'm not able to because of work. I'm trying to figure out a method where I can do it all online, but since I don't have my own scale, it would be almost impossible to figure out accurate shipping costs. I may have to invest in a scale if I want to do it longterm! I'm hoping I'll only be selling seriously for another month or so, though.

On the bright side, I'm helping out the local town post office, which I know the post master appreciates. I met her at the gas station the other day, and she thanked me for my business! Always good to support the local post office. :)

I'm sure I'll be back with another eBay update sooner or later....Have a great Friday everyone!

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