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How I plan to start a good viable eBay business with 2 bucks

Discussion in 'Ebay' started by mart21har, Dec 3, 2010.

  1. mart21har

    mart21har Newbie

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    Just sent a request in to withdraw 2 bucks from my bank account, because thats all i can take out without hitting massive fees.... So anyway, here we go
    1. Select a digital product- Let's say twItter accounts. Offer to make them custom and add 100 followers... this is easy with services like tw1ends and h1tfollow etc.
    2. Take advantage of free listing fees and list as many auctions as possible..
    3. Use the profits made from this along with the 2 bucks withdrawn..
    4. Find a cheap item on DhGate- no replicas.. just maybe like a power converter for 79c...
    5. Use the profits along with the two bucks and make an order for as many inexpensive pieces as possible
    6. List the products and use the profits to buy more expensive items... say flash drives
    7. Repeat and use profits to buy higher item...
    8. Once you have the reputation, go ahead and use the further profits to get into replicas or even higher priced products if you want...

    Hope this helps!
     
  2. eloquenceeee

    eloquenceeee Regular Member

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    This is going to be a lot harder than you think, but good luck. Keep hustling.
     
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  3. masteraffmarket

    masteraffmarket Jr. VIP Jr. VIP Premium Member

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    sooo. do u want a cookie?
     
  4. dryheat360

    dryheat360 Regular Member

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    Come on... be a litter nicer than that. He wants feedback, and he's also sharing in a way.

    good job and good luck OP :) let us know how things go.
     
  5. GreyWolf

    GreyWolf Executive VIP Jr. VIP

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    kudos for being ready to take action, but...

    I hate these "I have a plan" or "watch me as I try this" threads. If you have a plan just do it and then come make a thread letting us know if you were successful or not.

    "I tried this and it worked out great" or "I tried this and it didn't work, can anyone help me figure out why?" Those kind of threads are way more useful than, "I'm gonna try this".

    If it's successful then you can give people actual information they can use themselves, if your unsuccessful then you'll have some information others can check out and help you figure out why it didn't work.

    The information you gave is too vague for anyone to even give you any good advice before you start. It might work if your lucky but there's a lot of variables in the plan that you're just skimming over.

    edit-
    If he's looking for feedback then he didn't really give a lot of info to critique. His plan is just a basic idea that might work if he hits the right niches. But based on what he said in his post, it doesn't seem like he's real clear on that part.

    His idea seems to be
    1. sell some kind of service so there won't be a cost of goods to worry about.
    2. then with the money he makes buy some cheap products and sell them.
    3. then with the money from that buy some high ticket item to sell for even more profit.

    1. selling the service might be harder than he thinks to do on ebay.
    2. finding a source for the cheap products might be harder than he thinks since he won't have much money to make bulk purchases. He'll most likely find other sellers selling for less than he can buy for a lot of those products.
    3. same problem as for #2 goes for the higher ticket items. And since he's talking possibility of trying replicas, it might be harder than he thinks to do that on ebay as well.

    Definately the plan can work, depending on a lot of factors. Like I said he just needs to give it a try and see what happens.

    There really isn't any good reason to start a thread like this one before even giving his idea a try.
     
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    Last edited: Dec 3, 2010
  6. djfobbz

    djfobbz Newbie

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    i doubt this is going to work but good luck mate!
     
  7. mart21har

    mart21har Newbie

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    Update!! I posted making a twitter account with 100 followers on fiverr... got an order the next day
     
  8. MarketingMagician

    MarketingMagician Newbie

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    how much did you get for that listing?

    auction or buy it now?
     
  9. rockyonfire

    rockyonfire Regular Member

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    He is talking about fiverr.com
     
  10. MarketingMagician

    MarketingMagician Newbie

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    Aahh right.

    I was gonna say, I didn't know things like that can be sold on ebay.
     
  11. boozie

    boozie Power Member

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    if you're going to sell digital products, get an account with Plimus. Gaypal sucks ass and they limit your account for everything! this will force you to put your listings on hold and lose out on revenue. I hate them. If P doesn't do it for you, try G00gle checkout, it will still give your listings and products credibility.
     
  12. NikSixx

    NikSixx Newbie

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    Thanks for the tips. Good luck and keep us posted.
     
  13. anatho

    anatho Elite Member

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    eBay accepts plimus?!
     
  14. cgab_i

    cgab_i Registered Member

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    Thanks for the tips. ;)
     
  15. christineexox

    christineexox Newbie

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    i hope you know that as a new seller , paypal holds your funds for 21 days the first items you sell , or until the buyers leave positive feedback . You wont have the money from the listing right away , youll need to purchase the stuff from dhgate first and then you will get your money once the guy confirms the items arrived to his place. thats also considering hes not an asshole and makes u wait the 21 days..
     
  16. flipstyle

    flipstyle Junior Member

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    lol I like your determination and spirit...BUT you're not taking into consideration ebay final value fees and paypal. They will eat you alive, especially for smaller priced items. It's going to take you months to build up any sort of revenue with less than a 10 dollar starting budget. Just being honest. You probably want to start out with at least a few hundred dollars to purchase items that will make your profits worthwhile to continue selling on ebay. Because, like almost every seller nowadays, the competition and fees are making them look elsewhere.
     
  17. emdubl

    emdubl Newbie

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    yea.. your fiverr profit will be about $3 and some change after fiverr takes a buck and paypal takes it's fees... you're sometime better off taking your $4 on fiverr and investing in a service from some else.
     
  18. NysFinest

    NysFinest Newbie

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    Good Luck With This,
     
  19. vxr12

    vxr12 Junior Member

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    it can be done my friend. i started 4days ago on ebay. i started with no money. basically, i listed an item on ebay which i had found on a supplier for. when the item sold, i used the money to buy the item and send it to my customer. 4 days in i have... £350 profit :). ebay does work sometimes! good luck.
     
  20. DKA2727

    DKA2727 Newbie

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    just kidding
     
    Last edited: Dec 9, 2010