Updated Jan Profit + Sales + BOLO

Totally knew this was going to happen….the second after I hit post on my January profit post – I sold another item!  That makes my January profit over $1000!  My goal in February is to list on average 5 items a day.  This goal may seem small to some, but this is my “side hustle” and I still would like to have some time for myself!

Now, we are only less than 3 days into February and I haven’t listed a single item yet (which means I’m going to have to catch up and list 10 today and 10 another day instead of the goal of 5) but I still have made a $90 profit.

 

I wanted to talk about something that I have only recently found to be true.  The quality of your listing < the quantity of your listings.  Now this is only to a certain extant.  I used to spend upwards of 15 minutes on a listing, but now that this is my side business, I try to spend the least amount of time possible (averaging about 6-7 minutes per listing).  I used to use a light set-up, white background, and a Canon Rebel.  I now use my ceiling fan light, hardwood floors, and cell phone.  And you know what?  My sell through rate remains at about 50-60%.  If anything, I now price my items higher because I’m not worried about them selling all that fast and I have went from a 1 day handling time to a 2 day handling time.

I really cannot believe that I spend half as much time on my listings and selling just as much (in proportion to how much I list).  I wish I had known this all along, but if someone told me that, I probably would not have believed them.

Here’s something I sold today (note the crappy cell phone picture):

gap.jpg

GAP Jeans

Paid: $6.67

Sold: $29.99 +$6.35 S&H

Check back for a weekly profit update!

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Updated Jan Profit + Sales + BOLO

End of January Profit Report

T-2 Hours until February 2016!  The first month of the year flew right by!  I accomplished a lot of personal goals (joined the gym, lost 5 lbs, purged my closet) and had an awesome month reselling.  This month, I’ll be honest – I didn’t list much….at all.  I estimate less than 50 items the whole month.  Regardless of my lack of listing, I still made out!  Mind you, eBay is now my “side hustle” so I’m not solely relying on income generated from eBay.  I will tell you that my eBay income is the only money I use for food, gas, and entertainment.  So if I’m not making money reselling – I’ll be starving and riding a bike everywhere….

Without further adieu – here is my January profit (which could increase in the next 2 hours since its only 10pm!)

Jan Profit

$995.24…So close to $1000!  Also, this is before taxes, so I set aside about $300 to pay taxes down the road.

And if you are wondering about this nifty program I use it’s called easy auctions tracker.  It is the best program I have found so far – it links everything with eBay so you don’t have to do any importing or flipping from excel to eBay.  You can buy it here (this is an affiliate link, I do get $5 if you purchase through this link, but if you don’t wish for me to receive any bonus, I still recommend you buy the program, it’s awesome!  And if you do purchase through this link – thank you!)

Purchase easyauctionstracker -> here

Check back this week for recent sales!  Happy thrifting!

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End of January Profit Report