Sorry for the cheesy quick buck scheme of a headline, but it’s true, I did in fact make a 1,067% profit in a week…and you can too!!! (Here’s where you have to imagine a shiny glint of a starburst on my recently bleached teeth.)
The reason for this post is to show that with a little bit of knowledge and some luck, you can, in fact, make a profit on eBay, despite it’s obnoxious fees.
I recently wrote a post about some items I picked up at a yard sale. These were some vintage Fisher Price playsets. I was able to get all of these items for $20.00.
I went home, cleaned them up, and took some photos of each set from all different angles, and then posted them on eBay.
One week later, the auctions ended with a combined total selling price of $183.07. Not a bad return on my initial $20 investment.
Another item I picked up at a yard sale that morning was this:
It is a first edition copy of the popular book, Wicked, by Gregory Maguire. I have collected modern first editions for a long time, so I know what to look for and how to identify a true first edition. This book ended up selling for $30.52, which was actually lower than I expected, but there were some minor condition issues. I can’t feel too bad about the final bid price though because the seller just wanted to unload all his books, and it only cost me a penny! I have bought and sold plenty of first edition books on eBay and there is money to be made there if you know what to look for, and how to identify a true first edition.
Of course you need to factor in taxes and the ever-increasing eBay fees, but it’s always nice to make a little money. My wife and I have a deal, where I can buy all the “crap” I want for my collection, as long as she doesn’t see any money come out of our bank account. Making money by selling items on eBay has allowed me to fund my collecting habit so I can continue to buy and share true treasures such as this:
So, what was the best ROI you have made on an eBay sale?