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Is 10K in Sales in the first month of an eBay Account a Record?

Discussion in 'Ebay' started by alcor805, Jul 31, 2012.

  1. alcor805

    alcor805 Newbie

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    I've been a long time fan of BHW and I'd always wanted to run a big time eBay store. So I thought I'd share my story.

    About two months ago I went through craigslist and found an ad for a $15/hr summer internship with a furniture manufacturer. I applied and was interviewed. The company was looking for someone to take care of changes on their Joomla based web site, set up and establish an eBay store to liquidate overstock, and create advertisements in InDesign. I have a certificate in web design from a local JC, an eBay account that was over 8 years old with over 100 seller rating(100%) and about ten years of html experience. I showed them proof of all three and got the job.

    I'm not going to lie to you, this job sucked at first. They asked for huge structural changes on the web site and didn't understand why I wanted FTP access to complete the change. I literally had to teach the company management how their web site was built to explain what I needed and what I could or couldn't do without FTP access. Everyday they gave me 20 hours of work to complete in an eight hour day - I was overwhelmed. With the semi-nightmare situation dealing with their web site, I focused my energy on the eBay store - almost an afterthought in the initial interview.

    I set up the eBay store as if it was a miniature company. I created templates in Auctiva for every product type (over 200) and set up various shipping scenarios. This was somewhat entertaining because we've all set up our own eBay account but I was doing it with someone else's money and mountains of expensive inventory. They provided an ebay pricing list that put everything 80% below retail. I wrote processes for the accounting department, the warehouse, and even for the person filling my job. I was setting this store up for volume.

    About this time eBay's regulations started to hinder my progress. I had to do everything in my power to prove to eBay that I was sitting at a multimillion dollar manufacturer and not a scam. Little by little they raised my selling limits. From 500 to 5000 after a week, then I called about 20 days in and had it raised to $25K ("Based on my item prices being in the hundreds"). Since other suppliers of the furniture were already established on eBay and we were liquidating below wholesale - people started to take the risk and my first couple buyers bought from me even though I had a 0 seller rating.

    To make a long story short, I hit 10K in sales yesterday. My seller rating hit 3 four days ago and I've seen a 50% increase in sales since then. I am sure I would not have persevered through the hundreds of hours of work necessary to establish this store had I not been paid for every hour. There seems to be a lot of hurdles to finding success on eBay. I've encountered Paypal 21 day holds that might have killed an individual seller. Selling limits that I mentioned before. Coordinating shipping processes - which will make you paranoid unless you check, recheck and check things again.

    My store currently looks like the leftovers of a black friday sale so I'm off to list more. Just thought I'd share my story and see if anyone has advice for promotion.
    Thanks
     
    • Thanks Thanks x 1
  2. flexpaydude

    flexpaydude Regular Member

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    I don't really have any advice for promotion, but I want to congratulate you on starting to see the fruits from your hard work.
     
  3. JerryFoster

    JerryFoster Newbie

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    That's a lot
     
  4. neobboy

    neobboy BANNED BANNED

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    When you are making money, you face lot of problems, even though from paypal as well. They start eating your money. Good luck in making profit.
     
  5. Sampler

    Sampler Senior Member

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    Find out their suppliers and then sell it yourself and keep the profit. Only do it on ebay and do it by yourself to reduce costs and increase profit.
     
  6. KINGCOS

    KINGCOS Junior Member

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    It's great you can learn on someone else's time and money, hopefully you get use the skills on your own systems
     
  7. guruslayer23

    guruslayer23 Junior Member

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    Try marketing your items with free shipment (of course, this ain't free at all. be sure to incorporate courier cost in your pricing). This method increased my sales.
     
  8. snorlax

    snorlax Newbie

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    Try and pre-empt any problems you might have and tell the company to expect them, that way they can't blame you for it. After a while (if they haven't done so already) PayPal will keep a floating % of your sales for 3 months in case of chargebacks. I would not want to be the one that would have to explain that to a finance director.

    I'm sure you're not actually asking for advice though...
     
  9. drax

    drax Junior Member

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    Congrats bro - thats an amazing start but its nothing in the great scale of eBay. I have a friend I did an eBay store for and he did $50k sales on the first day!! He did have a team listing and processing order of course but it shows the potential there.. Keep going and good luck
     
  10. zJolt

    zJolt Junior Member

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    Great job on your sales!
     
  11. ravio

    ravio Newbie

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    That is a tremendous amount, at least to me! great job on your success and for dealing with all the issues without giving up.
     
  12. jared530

    jared530 Newbie

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    What were you selling? Who was you supplier?
     
  13. alcor805

    alcor805 Newbie

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    Thanks Everyone for the positive messages.

    I work for the manufacturer and we're selling below wholesale so I can't really beat the prices.

    That's an interesting idea because the items are really low priced compared to retail value but the shipping tacks on $150 - I've had some success bundling the items together to create 'deals' for the customers - though I'm really just tweaking the shipping by weight calculation.

    This will be interesting because almost all of the items are paid and most of the funds will be available soon. Since we're a verified business with an EIN on file I'm not sure how the % will work.

    furniture
     
  14. theladygamer

    theladygamer Newbie

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    Congrats!

    Is the profit margin worth the effort you've had to put in?
     
  15. haoNhack44

    haoNhack44 Junior Member

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    Congrats dude. Are you going to stay with them or try to figure out how to scale up your personal account with the massive amount of experience you're gaining?
     
  16. alcor805

    alcor805 Newbie

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    I'm still trying to figure out if it's worth my time. What drew me to the project was the idea of building an unlimited, large eBay store from the ground up. The products were priced at the lowest possible price in an established market. I looked at it, and still do, as a rare opportunity to play with other people's money, products and resources to see the limit of what eBay can really do. After this job I could probably write a decent guide to running an eBay store and point to the success I've had as my main selling point.

    I've noticed some odd things about eBay searches and our products. eBay business accounts that are verified seem to rank very high in eBay search results. Before I even had a store set up there was a moderately large audience finding our products organically. I listed one item on a friend's established seller account and it was far less successful at drawing an audience - even though it was linked to my other items in the body of the listing.
     
  17. weruncompanies

    weruncompanies Power Member

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    Nice get on commission + hourly fast! Tell them every product sold you want $5 from eBay sales, make more $$.
     
  18. tamzor

    tamzor Newbie

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    Nice work, must be getting paid nicely
     
  19. phatzilla

    phatzilla Supreme Member

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    so you're doing all this for 15$/hour?
     
  20. KINGCOS

    KINGCOS Junior Member

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    I'd do it for free if I could learn their system and twist it