Beginners guide on Buying and Flipping Items on eBay - Make $$

[NotTyler]

Not familiar with antiques but probably going to hit this up tomorrow.
http://secure.adpay.com/JournalInter...0-c4f29bc5543c

Antiques always seemed like a sketchy thing to me, hard to tell whats real and what has worth. Harder to research then stuff like cell phones.

I'm getting back into flipping now. I took a break since I started my full time job and didn't need to do this to pay rent anymore, but I'm missing the extra $1000 a month.

[ohsnapzach]

Not familiar with antiques but probably going to hit this up tomorrow.
http://secure.adpay.com/JournalInter...0-c4f29bc5543c

My mom buys and resells old antiques/glass and she does pretty well.

I live in an eBay house lol.

[BradInPhx]

My mom buys and resells old antiques/glass and she does pretty well.

I live in an eBay house lol.

Pics of mom?

[AnguloLD]

Here's some shoe porn for Jordan Brah:

Picked these up at a garage sale for 50 cents. I guess they are Nike Air Jordan 1's, one of the very first Jordans to come out. They are going in this condition on ebay for about $150-400. Wondering if I should restore them to their former glory. Here's an example of a pair of Allen Edmonds that I purchased for $2.00 at a thrift store. Probably would fetch at least $50.00 on eBay. I restored them, and kept them for myself. They look like they are in top notch condition (I only wear shoes with a high shine).

[problemz]

Decent weekend.

Picked up two gift cards for Wilsons leather. Total $175 Cost $45 bought off Ebay. Going to hit a Wilsons outlet this week with a coupon for 25% off. Might pick up hats and gloves and re sell.
Iphone 4s Brand new in Box for $175
Picked up two Samsung phones from Target(metropcs?). Retail $200 bought both for $35 they sell on Ebay for $110
Thrift store- Over 30 t shirts ranging from $1-$4 All different brand names ranging from Nautica,Polo,Hollister etc
Same goodwill had a brand new Batman and Robin in the box from 1984. Bought for $10 listed for $75 BIN (range was from 65-80 on sold listings)
Bought four bar signs off craigslist for $25 piece. Sold them for 75 each later that day.
2001 Accord from auction for $890. Clean under 100k miles. For sale locally before I eBay it.
Was out drinking and this chick dropped her Samsung Note 2 off the balcony. I walked down with her. We chilled rest of the night and hooked up and ended up getting the phone for free the next morning a. Havn't looked into fixing it. Might sell it as is.
Bought a Xbox 360 Gears of War edition with three games and two controllers for $125 off a broke college student. Meet at Five guys and he wants to meet me tommorow to sell his Ipad for $250



Keep hustlin cuz

[BradInPhx]

I just made a post about using a website called www.IFTTT.com to make custom alerts that SMS you when a new craigslist ad is posted based on your set search.

Check it out

http://buyandflip.net/forum/showthread.php?tid=6

[MinisterOfLust]

Pics of mom?

My mom buys and resells old antiques/glass and she does pretty well.

I live in an eBay house lol.

I am single again.

[Basketball716]

I hate insertions fees and avoid them at all cost...anyone use a few different ebay accounts to give you more free insertions?

Anyone have any tips to avoid them?

[ferak]

Ebay fees in general are garbage. If you buy a shirt from goodwill for $5 and sell it for $20 you get hit with 15-20% ebay,paypal,shipping fees. If you try and make a business out of it and push out 20+ shirts a week and hit that 20k mark you have to file it on your taxes but only 8-9k was actual income that you payed no taxes on.

[Beastman09]

Ebay fees in general are garbage. If you buy a shirt from goodwill for $5 and sell it for $20 you get hit with 15-20% ebay,paypal,shipping fees. If you try and make a business out of it and push out 20+ shirts a week and hit that 20k mark you have to file it on your taxes but only 8-9k was actual income that you payed no taxes on.

Nobody is forcing you to use eBay brah.

[ferak]

Nobody is forcing you to use eBay brah.

Herp derp I'll just go resell everything on the street.

I thrifted and resold on ebay when I was in college and managed to make some easy money but now that I have a FT gig I've been trying to start a side job with my savings. Throwing 20k on top of a 50k salary while only pocketing less than half of the 20k completely ****s up my taxes. I'm hoping to find something good on alibaba eventually but I can't find anything that has the volume I'm looking for.

[iwant2beswole]

Ebay fees in general are garbage. If you buy a shirt from goodwill for $5 and sell it for $20 you get hit with 15-20% ebay,paypal,shipping fees. If you try and make a business out of it and push out 20+ shirts a week and hit that 20k mark you have to file it on your taxes but only 8-9k was actual income that you payed no taxes on.

You don't file on 20k income. 20k revenue, 9k in profit. You can deduct lots of expenses like internet/printer/comp, driving post office /gas, and make it seem like you made a lot less. Or just never hit 20k in sales and not report it.

[iwant2beswole]

Good ****..

No hate, but 2.5k profit for putting up 11.5k? If you had that much capital on hand. there are way less risky and high profit margin investments. Even in cell phones.

2.5k for that much capital is really good, I don't know what you're talking about. You make it seem like its so easy to just dump capital into something and make money.

[ferak]

You don't file on 20k income. 20k revenue, 9k in profit. You can deduct lots of expenses like internet/printer/comp, driving post office /gas, and make it seem like you made a lot less. Or just never hit 20k in sales and not report it.

Don't you have to be a registered business for that.

[PowersellerBrah]

I think I just lost the market on my niche because my supplier gave me a fake ****ing tracking # for something that should of been shipped on Tuesday but instead shipped on Thursday. So, now it's at the border and I gotta wait a day on that. (If he shipped it on time instead of giving fake tracking #'s it would of been out for delivery tomorrow)
So, Wednesday - someone decided to start selling the same item as me (I can go lower) but he's sold over 200 in just 3 days.
This seller supplies some good quality stuff but I don't think it's fair to do this to his buyers. I've invested over $1000 into these products and I've yet to get anything because he keeps giving me fake ****ing tracking # & he shipped $500 worth of merchandise in one package claiming it @ $50 which means I'm gonna probably get flagged now because of this ******* & a $100 fine.


**** YOU ALIBABA!!!!!
Ok, my rant is over

[iwant2beswole]

Don't you have to be a registered business for that.

Ah yeah brah, I think you do for those deductions. It might be worth it to register for a sole proprietorship . I actually never reported my ebay income (which was a lot btw), but a friend that goes big time ($100k revenue) registered as a sp and was claiming those expenses. But either way you still claim tax on profit not revenue

[Gsxr25]

^^ you really expected it to be a breeze purchasing from alibaba? lulzzzzzzz

[ferak]

I think I just lost the market on my niche because my supplier gave me a fake ****ing tracking # for something that should of been shipped on Tuesday but instead shipped on Thursday. So, now it's at the border and I gotta wait a day on that. (If he shipped it on time instead of giving fake tracking #'s it would of been out for delivery tomorrow)
So, Wednesday - someone decided to start selling the same item as me (I can go lower) but he's sold over 200 in just 3 days.
This seller supplies some good quality stuff but I don't think it's fair to do this to his buyers. I've invested over $1000 into these products and I've yet to get anything because he keeps giving me fake ****ing tracking # & he shipped $500 worth of merchandise in one package claiming it @ $50 which means I'm gonna probably get flagged now because of this ******* & a $100 fine.


**** YOU ALIBABA!!!!!
Ok, my rant is over

Every post you make screams of a lack of maturity and business sense. Didn't you order like $300 worth of product and now you upped it to $1000 before your first order arrived? And if you had got it in time you still would have had a new entrant come in Wednesday since that guy probably ordered his product a month ago. You will get competition even if you're the first to a niche.

[CCAurora]

I went out this week and dropped about $250 between buys and gas $$$... walked away with 100+ articles of clothing from Abercrombie, Hollister, and American Eagle... t-shirt lots, thermals, hoodies, etc... expecting to double my money this week and then REALLY start buying some inventory!

[iwant2beswole]

^Good luck with that niche, I tried it and barely made money back after fees/shipping. but 100+ articles for 250 (if they are what you said) is pretty good

[PowersellerBrah]

Every post you make screams of a lack of maturity and business sense. Didn't you order like $300 worth of product and now you upped it to $1000 before your first order arrived? And if you had got it in time you still would have had a new entrant come in Wednesday since that guy probably ordered his product a month ago. You will get competition even if you're the first to a niche.

I ordered the product in small quantities the first time - Sold out within 12 hrs. Made $200

I won't have enough quantity for the demand.
The demand for the niche is insane. This guy sold 200 in 3 day and is selling every minute.
I want to have at least $500+ units for this month. I'm expecting all of them to be gone by early Feb. with small x50 quantity shipments coming every week. (I have this all planned out with the current demand)
My full time job gave me a huge check so I invested another $200 + profits from the niche test run back into the products. (This latest $300 order is of different colors which just became available & only china is selling)

I've research the **** out of this market... This is just the beginning of my sales - I have over 20 people that I gotta meet with locally to sell x40 units
This is smart business as running out of stock is costing me money.

I'm shooting for $4-5k in profits this month off this niche. as everything is 500% profit

[The_Albatross]

Same goodwill had a brand new Batman and Robin in the box from 1984. Bought for $10 listed for $75 BIN (range was from 65-80 on sold listings)

what issue number is it?

[Beastman09]

I ordered the product in small quantities the first time - Sold out within 12 hrs. Made $200

I won't have enough quantity for the demand.
The demand for the niche is insane. This guy sold 200 in 3 day and is selling every minute.
I want to have at least $500+ units for this month. I'm expecting all of them to be gone by early Feb. with small x50 quantity shipments coming every week. (I have this all planned out with the current demand)
My full time job gave me a huge check so I invested another $200 + profits from the niche test run back into the products.

I've research the **** out of this market... This is just the beginning of my sales - I have over 20 people that I gotta meet with locally to sell x40 units
This is smart business as running out of stock is costing me money.

I'm shooting for $4-5k in profits this month off this niche. as everything is 500% profit

So you are worried about running out of stock before you even have sold your first peice?

[PowersellerBrah]

So you are worried about running out of stock before you even have sold your first peice?

"I ordered the product in small quantities the first time - Sold out within 12 hrs. Made $200"
Please read!

I researched this niche and as it became cheaper and cheaper - I took action before others but I'm out of the game currently
I'm gonna go after the different colours as only a UK & Chinese sellers r currently offering them nothing in North America which is why I have almost $1k tied up in these shipments.
I'll make it back within 1-2 weeks, easy! (North American users r buying from the UK at insane shipping prices)

[CCAurora]

^Good luck with that niche, I tried it and barely made money back after fees/shipping. but 100+ articles for 250 (if they are what you said) is pretty good

I've been selling on eBay since I was about 13 - one trick I picked up was always try and structure shipping and handling charges to also cover eBay fees. I bought an A&F sweater for $8 and sold it for $28 ($20 for the item, $8 for shipping). The actual shipping cost $5, listing cost $0.50 (fixed price sale), and total eBay fees cost $2.80 (10% total for clothing auctions)... it dipped in only 30 cents and I walked away with a nice $8 profit - not much, but it adds up when you move tens or hundreds!

It gets trickier with actual auctions and not fixed-priced Buy-It Now's, though... this works with stuff like clothing, but not with niches like sports cards where buyers know shipping should be $2-3 tops - anything higher scares off bidders.

[datniche]

O lawd. Bought an S3 to flip and I can't stop playing with it. Kind of want...

[anonymous]

O lawd. Bought an S3 to flip and I can't stop playing with it. Kind of want...

S2 user checking in, that feel when I bought a 4s to flip. Resisted and ended up flipping it lol.

[Kabananga]

Not familiar with antiques but probably going to hit this up tomorrow.
http://secure.adpay.com/JournalInter...0-c4f29bc5543c

Sweet baby Jesus, buy the rocking lion! Why? Cause it's a motherfuking rocking lion! How awesome is that?!?

[ohyoumadbrah]

Herp derp I'll just go resell everything on the street.

I thrifted and resold on ebay when I was in college and managed to make some easy money but now that I have a FT gig I've been trying to start a side job with my savings. Throwing 20k on top of a 50k salary while only pocketing less than half of the 20k completely ****s up my taxes. I'm hoping to find something good on alibaba eventually but I can't find anything that has the volume I'm looking for.

Please hire a CPA

[BradInPhx]

I just made a post about using a website called www.IFTTT.com to make custom alerts that SMS you when a new craigslist ad is posted based on your set search.

Check it out

http://buyandflip.net/forum/showthread.php?tid=6

Bumping this. Already getting texts with new craigslist ads.