I’ve received quite a few emails since I wrote the post Tallies from 2012: How Much Money Did My Blog Earn? A reader asked me what I sold on eBay and if I have any rules for selling. The answers to both of those questions are pretty simple.
While I sold a variety of items in online auctions I made the most revenue selling electronics. I sold a variety of items including speakers, iPhone accessories, routers, weather stations and unwanted video games and consoles. In most cases my husband updated an item and I sold the previous model we owned.
I only have one true rule for selling on eBay. I must make a minimum of $10. Before listing an auction I run calculations to factor in PayPal and eBay fees as well as all shipping costs. If my profit is less than $10 then I won’t list the item. Instead I’ll typically ask family members if they have any need for it or give it away.
I’ve seen people list all sorts of things and sell them for just a dollar or two. By the time they pay for postage they must make less than 10 or 15 cents in profit. While this may add up over time it is not something I’m willing to do.
I don’t want to waste time taking pictures, listing items, waiting to get paid, printing shipping labels and dragging items to the post office or UPS. If I don’t make a decent profit on selling something I’d much rather give it away.
I also find that the cheaper the auction the more difficult it is to get winning bidders to pay. You would think it would work the other way around, but strangely enough my most expensive items are often paid for the minute the auction ends. For smaller auctions it can take quite a few days to receive payment and on more than one occasion I had to file a dispute when the winning bidder failed to pay.
How about you? Do you sell items on eBay and if so do you have any rules for selling? Do you have a minimum profit threshold or are you willing to list anything on eBay?