Another Business Milestone Reached

3 Sep

So far Tom and I have strictly been selling on Amazon. It is easy and we don’t have to keep any inventory at home which is a big bonus. I am a member of a group on Facebook that is for eBay and Amazon sellers and hearing all of the eBay success stories got me excited to give it a try. I have been researching off and on for probably six months.

Some of the people were a bit discouraging. They said the most items they listed in one day on eBay was 10 or 20 and they acted like that was a huge feat. I can list 10 or 20 items on Amazon in less than half an hour. It made me nervous that eBay would be so much work. Don’t get me wrong, it is definitely more time consuming than Amazon. On eBay you have to take pictures and write the description/dimensions etc.

Well, Thursday we finally decided to take the plunge. In our thrift store/estate sale shopping over the past year we have gathered about 65 coffee mugs. I heard they were easy to list and ship and they are very cheap to buy. I would say we paid an average of a dollar per mug.

I was quite surprised that over a five hour time span we were able to get FIFTY mugs listed. I had this huge fear that it would be so much work that we would get one thing listed a day. I was wrong. Tom and I very quickly got into a groove of picture taking and listing creating. I was even more surprised when I saw that people were actually viewing our items and I was flabbergasted when I got an email saying something had SOLD within 12 hours of listing it.

I find it funny that the first item we sold on eBay was a coffee mug with Scottie dogs wearing workout clothes on it. Proof that anything sells. I am kind of happy that it is a random item that sold. It makes my first sale that much more memorable. I paid .49 cents for the mug and sold it for $17. I will take those profit margins any day!

We are excited to start dabbling in markets other than Amazon. It is never good to have all of your eggs in one basket when you own your own business.

As an update we have sold two mugs since Thursday. One was for $19.99 and one was for $24.95. Not too shabby for only having 50 items listed right now. I won’t retire on that money, but that is a step in the right direction.

The future is bright!

Later days blog world!

3 Responses to “Another Business Milestone Reached”

  1. entrepreneurapproach September 3, 2012 at 11:45 am #

    Awesome article! look forward to hearing more stories like this, will you be trying to expand your ebay business? as in buying more expensive things and selling them on?

    Regards,

    David Tuisaula

    • MyBeautifulOops September 3, 2012 at 12:47 pm #

      We definitely plan to expand the eBay business. The eventual goal is to be able to purchase a house and get all of our debt paid of from eBay profits and to live off Amazon profits. While a $20 sale certainly won’t afford a house, it is a step in the right direction. There will be more posts like this one in the future. Stay tuned!

      • entrepreneurapproach September 3, 2012 at 4:43 pm #

        Oh wow! love the idea, i definitely will stay tuned to take a couple of chapters out of your book. Such an innovative, new and fresh idea!

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