I started this Ebay store almost 6 months ago with no money
I listed a few products and didn't put in any effort for the first 2 months, I listed 3-5 products and I made a few sales & around $30 profit in the 2 months with no effort, HUGE SURPRISE
UK
Month 3
I figured I could maybe grow it into something real, my "end" goal was to pay for 12 months Wordpress and start something with facebook ads/dropshipping
Month 3:
Added new products in similar niche,
Added some print-on-demand products (low expectations)
I sold a few of the new products and 2 of the POD, (good confidence boost) as well as
My Profit for month 3 was just over $70 ($20 old items / $50 new)
Month 4
I am looking for similar items/niches, also do some self promotion (Facebook comments, Reddit ect)
Month 4:
Add additional options for my best selling item (bundle) - (again low expectations),
Add a few more items, (same niche)
: I had some issues with customer returns; I refunded customer and got refund for my suppler, no issue
: My supplier ran out of stock for a few of my items, lucky it only effected 1 order and customer was ok
By the end of Month 4,
Only 1 POD sale, bundle items selling good, so are original items
My best selling product changes (same niche but no good bundle options)
My Profit for month 4 was just over $155 (1 refund due to delivery time, small loss)
Month 5 (December)
+ I figure out who im selling to (may sound stupid with-out context)
- I realize my niche will die and this will kill my top 2-5 items...
: I wish I was more prepaired for Christmas
Month 5:
My original products are still selling good (bundles slow down),
My new #1 products starts to slow down but still #1
Made improvements to my "bookkeeping" Excel doc,
List more products (similar niche)
Found a new product (very confident in)
Added to Ebay Store, (sale on first day)
I am currently working with the supplier on new designs and have somehow managed to drop the costs of the new items by almost 80% ( im a wizard ) and If the product preforms well I will get the price even lower I hope.
I have also launched on new platform and have had 2 sales in my first week there, I will try to keep this thread mostly about the ebay progress unless anything exiting happens
I have a list of Niches I want to list products for as well as a few other ideas.
I have a few ideas with the new product but just testing the response so far
My Profit for HALF Month 5 (1st - 12th) (around $160)
I have not done bookkeeping since the 12th,
Christmas sales haven't been to crazy so I expect around $200-230 profit for December.
-----------------------------------------------------------------------------------------------
I have made enough profit to pay for wordpress and a little left over, but I don't know if this is the best way to go, or if I should work on growing my Ebay store.
I want to dropship the newest item I have found and think it would do really well with ADs
I don't think I would ever get that "winning product" on ebay but more of a steady income if the niches last a while - anyone have experience there?
If you have any free advice for selling on ebay, growing sales, any restrictions I might get in the future.
I welcome any advice,
Thanks for ready and I will try my best to keep this updated!
If you have any question for me I will try my best to answer
I started this store with nothing.. no budget, no ads, no wordpress, no paid courses, no ebooks
It is 100% possible
I listed a few products and didn't put in any effort for the first 2 months, I listed 3-5 products and I made a few sales & around $30 profit in the 2 months with no effort, HUGE SURPRISE
UK
Month 3
I figured I could maybe grow it into something real, my "end" goal was to pay for 12 months Wordpress and start something with facebook ads/dropshipping
Month 3:
Added new products in similar niche,
Added some print-on-demand products (low expectations)
I sold a few of the new products and 2 of the POD, (good confidence boost) as well as
My Profit for month 3 was just over $70 ($20 old items / $50 new)
Month 4
I am looking for similar items/niches, also do some self promotion (Facebook comments, Reddit ect)
Month 4:
Add additional options for my best selling item (bundle) - (again low expectations),
Add a few more items, (same niche)
: I had some issues with customer returns; I refunded customer and got refund for my suppler, no issue
: My supplier ran out of stock for a few of my items, lucky it only effected 1 order and customer was ok
By the end of Month 4,
Only 1 POD sale, bundle items selling good, so are original items
My best selling product changes (same niche but no good bundle options)
My Profit for month 4 was just over $155 (1 refund due to delivery time, small loss)
Month 5 (December)
+ I figure out who im selling to (may sound stupid with-out context)
- I realize my niche will die and this will kill my top 2-5 items...
: I wish I was more prepaired for Christmas
Month 5:
My original products are still selling good (bundles slow down),
My new #1 products starts to slow down but still #1
Made improvements to my "bookkeeping" Excel doc,
List more products (similar niche)
Found a new product (very confident in)
Added to Ebay Store, (sale on first day)
I am currently working with the supplier on new designs and have somehow managed to drop the costs of the new items by almost 80% ( im a wizard ) and If the product preforms well I will get the price even lower I hope.
I have also launched on new platform and have had 2 sales in my first week there, I will try to keep this thread mostly about the ebay progress unless anything exiting happens
I have a list of Niches I want to list products for as well as a few other ideas.
I have a few ideas with the new product but just testing the response so far
My Profit for HALF Month 5 (1st - 12th) (around $160)
I have not done bookkeeping since the 12th,
Christmas sales haven't been to crazy so I expect around $200-230 profit for December.
-----------------------------------------------------------------------------------------------
I have made enough profit to pay for wordpress and a little left over, but I don't know if this is the best way to go, or if I should work on growing my Ebay store.
I want to dropship the newest item I have found and think it would do really well with ADs
I don't think I would ever get that "winning product" on ebay but more of a steady income if the niches last a while - anyone have experience there?
If you have any free advice for selling on ebay, growing sales, any restrictions I might get in the future.
I welcome any advice,
Thanks for ready and I will try my best to keep this updated!
If you have any question for me I will try my best to answer
I started this store with nothing.. no budget, no ads, no wordpress, no paid courses, no ebooks
It is 100% possible