A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Update on how eBay is going for me!


Posted: Jun 5, 2014

Hi everyone.  I haven't been back to MTStars in many months.  I see so many who are depressed and broke (and understandably so).

Back last year, I wrote several posts about how I had started selling on eBay.  I got the idea from here, the Gab board, after seeing a woman post that she sold $800 on eBay in her first month.  EBay is continuing for me, and now I've added selling books on Amazon too.  After a lot of trying different things and making a lot of mistakes, I do believe I now have things distilled down to a science.

I wanted to post my sales since the beginning of the month to show you that, even very part-time, it's possible to accomplish financial goals such as paying your rent/mortgage and utilities for the month.

Through June 4th, my gross sales:

eBay:  $94.96

Amazon:  $24.99

I didn't have any sales yesterday on either platform, and so far none today.

Keep in mind I do work 40 hours a week at a hospital, plus commute time, and try to keep a clean house and exercise and sort of have a bit of a life; I am doing the e-commerce thing very part-time.

After testing the waters and trying all sorts of different things to sell, I do believe the best are plush ("stuffed animals") and clothing and shoes -- men and women's in particular, not really children -- and as high end as your area will allow you to find.  I am getting these things at garage sales, thrift stores, and estate sales.

You don't need fancy equipment or money to get started.  You can take your photos outside, in lieu of special photography lighting.  (The pictures come out better anyway.)  I still just use my phone's camera.  You can start by selling your family's clothes and things around your house -- no need to go out and start spending money to buy some.  You will need a postal scale ($20), but I just used my Weight Watchers scale in the beginning, and it worked just fine.

It's A LOT of hard work, but selling on both eBay and Amazon is a viable way to make extra money.  There is A LOT of free help on both YouTube and Facebook. 

The hardest part was learning the shipping, but once you've got it, you've got it.  Another reason to narrow the focus down to clothing, rather than selling all sorts of junk: it simplifies shipping.

I dilly-dallied about and tried my hand in a lot of areas I really had no business trying to resell in, but there is a nurse in my Facebook reseller's group who started around the same time I did and stuck with selling used designer clothing and shoes and didn't waver.  She has now built her business up over time so that she had $5000 in gross sales for May.  Fees are 13.5% off of that, and her costs of goods sold need to be deducted as well.  And taxes.  But keep in mind, she works full-time as a nurse and is doing this on the side.

Thanks to Epic, my job will be going away next year.  At that time, I will begin reselling on eBay, Amazon, Etsy, CraigsList, and Facebook full-time.  Until then, I continue to hone my craft and build my base.  It's quite prudently realistic to believe I'll be making more money than I was at the hospital.

I am sharing all this in hopes that it will give some of you hope and a way out of the death spiral that is MT.

;

Entrapreneur Opportunities with Reselling - Cindy

[ In Reply To ..]
Oh, you are so right! I am doing something similar. I work as an MT, and like everyone else have seen the opportunities become less attractive over the years. However, I still have several clients who are very good (many who are older docs who will retire soon though). I also work for a company as an IC making an embarrassingly low wage. However, I can work as little or as much as I would like. I resell on eBay (Levi s are my best seller). I also make hats (custom millinery) and sell my handmade items on Etsy. Like you, I'm making a slow start of it because I'm still working full-time. But, I too am confident that I'll be able to transition into this other line and will ultimately be happier doing something that is more creative. I hope one day I'll consider the transcription boom of he 1990s as golden handcuffs. I truly believe when one door closes another one opens (and many times it is an improvement!). Love your optimism!

Age, weight, gender, race, education = no barriers on eBay! - In-House Lead

[ In Reply To ..]
Yes, all sorts of denim (jeans, bib overalls, jackets, skirts, Daisy Dukes) are all excellent sellers! These are what I call "bread and butter" items.

I am pleased -- but not surprised at all -- that things are going well for you too, Cindy. :o)

I think it's a great idea for us to get the kinks worked out while we still have income coming in from other sources, as there's definitely a learning curve.

The opportunities in reselling online are abundant! The more I learn, the more I am made aware this.

Another note on selling opportunities - L&L

[ In Reply To ..]
Besides garage sales, etc., I have noticed a site called liquidation.com where you can buy items in lots for resale. Also, if you live near any kind of factory, particular food, or bakery, you can usually pick up seconds to resell on ebay. I've gotten high-end chocolates through eBay as seconds.

You can use USPS for nearly everything, and use their standard shipping boxes. You can also print the postage labels at home.

Don't forget all the cool things buyers find on that storage locker show.

Good luck to everybody. I think E commerce is the way of the future. I have gone to my local mall only once in the last few years, only because I needed to have a certain polo shirt to wear the next day.

Today's (06/11) sales thus far: - In-House Lead

[ In Reply To ..]
Having a great day on eBay today. Today's gross sales as of 5 p.m. are:

$90.17

Subtract costs of:
$5.70 shipping
$6.00 cost of goods sold
$11.27 eBay + PayPal fees


No sales on Amazon so far today. But one of my favorite things about doing this is making money while I sleep. We'll see what happens overnight...


ADDENDUM at 6:15 p.m.:
Another eBay sale for $34.39 just came through!

eBay & Amazon have changed the way I shop! - Keypounder - sm

[ In Reply To ..]
No more traipsing all over town from store to store in order to find an item when I know exactly what I want, but can't find it.

No more settling for something I really didn't want, or paying too much for the item at a brick-and-mortar store in this pricey town.

More choices, and the ability to compare items side-by-side.

I like one-of-a-kind and/or vintage clothing, which is a lot easier to shop for online than by driving around.

No salespeople breathing down my neck as I'm comparing and doing mental imaging, etc. while making a decision. Their mere presence tends to make me make a hasty (and usually the wrong) decision, just to get out of there. Or not buy anything at all.

For me, it's been the best way to shop for, compare, and buy electronics, especially if you want computers without Windows 8 on them!

And then there's Etsy - for really beautiful and unique clothes & jewelry. It's also where I turn when I want to do an artsy project, but need some inspiration, especially when it comes to color.

I especially like that little thrill of anticipation waiting for my purchase to arrive in the mail. It's like a tiny little Merry Christmas or Happy Birthday every so often!

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