How To Make Big $$ On eBay Without Having Big $$

Are you like quite a few resellers who just do not have the money to build an ebay business? In this video, I show you how to take $5 and flip that into money you can use to build up an ebay store with like items. This is the method I have used for the last year and a half to make a full time income on eBay and how I make it work. This video contains an easy to follow illustration why it is so important to focus on quick sales for less than you initially expected or wanted versus waiting to get full asking price on an item. This video goes into how you can make more money in the long run using this strategy than any strategy I have seen before and why I believe this is the most powerful strategy for an everything seller. It requires no big initial investment and over time allows you to build capital to grow your business. Let me know your thoughts down below.
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[@bas5143]

What you say only makes sense for everything-sellers with extremely limited funds and extremely limited space. If you take your example and assume that 5 bucks and space isn't limiting you, you can do both let that one item sit for that few months (a few months really isn't bad at all btw to get 200 out of 5) in the meanwhile you still can buy those other items. It really depends on your concept and the means you have available. If you're a niche seller, by example go to a sizable record store and you can be sure that most of that inventory there isn't selling within the next week, that would be insane. Running such a record store (or vintage clothing store, stamp collectors store, antique store or any sort of niche or collectors store) means you need a large inventory that you sell a healthy amount from. Personally in the last few days I sold actually quite a lot of items that I had over a year or longer. So long comment short, its not a hard truth that the seller 1 in your example is doing it wrong. I'm probably that seller 1, but with space available and more than 5 USD in my account.

[@FlippinAintEasy]

The concept works the same for pretty much anyone, except the niche seller may have a hard time coming across enough inventory to churn but it is certainly possible. This can work for anyone regardless of your funds. I have plenty of funds in reserve (thanks to this process). Every day your item sits in a bin or on a shelf waiting for your price, you could have flipped that initial investment multiple times. It is a simple math game that will increase your revenue. I think people get lost in the idea that on some items (not all) you will take less than what you were initially hoping for but surprisingly you end up with much more earned in sales. This is 100% my experience and I truly believe it is scalable. I am only offering ideas but at the end of the day, do what works for you.

[@bas5143]

@@FlippinAintEasy I totally hear you and you're offering good ideas here for (aspiring) resellers, so kudos for that! But then again it's one of many models. Whatever you do, a day has only 24 hours. Imagine the seller from your example 1 has his/her hands full all day long on shipping out those items that sold for (as good as) full price that sat for a while, plus restocking some other potentially slow items to keep that going on the long term, then the outcome of your final sum would be quite different. And very potentially seller 1 ends up making more money. People who produce whiskey work on a product that they have to let sit for three years or longer, you then simply make sure that every other day or so one of those 3 years periods ends for a batch and you have a great business model.

[@Dino-63]

I agree with this I bought a box lot at an auction in 2008 for $5 and started selling on eBay that box generated about $250 after fees I did again and again now I am retired from my job selling 70K part time on eBay with a years worth of inventory in a shed in my back yard and it only cost me $5 to start anybody can do this if they put in the effort Great video

[@silverhairstacker8664]

Your scenario is well received. I understand it. However, it does not apply well to me. Here's why - I have a large enough bankroll to be able to buy 10,000 five dollar items or more. So I have the ability to hold out for top money and still make more inventory purchases. So basically my only hindrances are 1. Storage ( I can always rent a storage unit) 2. Time to get everything listed. 3. It is tough here to find 10,000 five dollar items here that would sell for $100 each. My business looks like this - 1430 items listed. Listings range from 1 day to 6 years and everywhere in between. All items are stored at my home. During the same 90 days you showed I sold $20,638. Around 58% of yours. I work on reselling about 20 hours a week by myself. Thanks for the thought provoking video!

[@FlippinAintEasy]

I am willing to bet Todd that if you were more agressive those numbers overall would go up as the same principles would apply in your case as the example. It really isnt about if you have capital to buy new items to sell. It is the thought that every day that your items sits essentially it is losing money because it is not being sold. This is not to say you take every low offer that comes your way, but knowing this I will easily take a $70 on a $100 item if I am into it for $10 knowing that money will simply get flipped over and over again by the time I get the "market" price. I will always say this one thing, if you are happy with where your sales are at, then change nothing. Stay the course.

[@happyreality244]

Thank you

[@chaicharin]

Man u sell some wierd items in that store and you are killing it. Kudos bro and nice job. Awesome sell thru and it is all items people can actually use and appear to be seasonal as well. Very interesting and I agree with the mindset.

[@FlippinAintEasy]

Thank you, but sssshhhhh, dont tell anybody. lol

[@timhalcomb4041]

Thank you both for sharing you have a blessed day in the name of Jesus Christ.

[@FlippinAintEasy]

Same to you Tim! We feel blessed every day.

[@Lifeisshort5]

Great job recognizing a change needed to be done. Although my business model is different as I mainly sell smalls with more needed volume, we are both capturing buyers at a good profit margin.

[@FlippinAintEasy]

Find what works for you and double down on it! Good luck going forward.

[@cerial0411]

This makes sense. But starting out listing several low margin items will avoid issues. I bought like 300 County CD's a while back for $1. After shipping and fees I will only make $2 per CD. But this lets me list a few hundred bread and butter items. Before listing the high dollar items. I can make the mistakes with the cheap items that I sit on and when it comes to the high dollar ones I can permote and take offers on I will be established. Once your established then yes this makes sense. But starting out you need to build that trust to the seller through bread and butter items.

[@vynilrob9719]

Any advice for one-time sellers like me? I'm not looking to resell once my books are gone. Great vid, sire!

[@blaaa22awwwf]

Seems like my last post bugged out? Anyway! My advice, if you are alone - is to find a good niche (well easier said than done, but what I mean don't EVEN TRY in over-saturated categories like clothes or high risk items that might look lucrative at first, like smartphones) - a good example from me personally to do is retro games/retro consoles, sealed consoles etc! Hardly any problem buyers there either, collectors are the most peaceful people on the platform! But avoid stuff that is too hard to sell, a too difficult niche, like old paintings, not really things that fly off the shelves... Only source hot items that are flippable (again easier said than done) but just grind, you will learn and just improve and improve the more you do it. After a year or so you should have about say 150 good items, with about 3-5 sales a day. And fom there just keep sourcing and listing good stuff. If you are alone, again - about 300 items is the sweet spot to keep yourself optimized (make sure your price is always the best, make sure you dont loose the comptetitors who love to lower an item by 0.1 cent only to make it cheaper than yours, etc). A good spot to earn a good living and should even be able to afford some luxury. Jon seems to be at that point with his main store atm =)

[@FlippinAintEasy]

@Vinylrob9719 Thank you.

[@FlippinAintEasy]

@blaaa22awwwf I can say I am happy but never satisfied. Always room for improvement.

[@robsomething4435]

Nice example. The only real feedback I have is that its rare to reinvest 100% of your net sale. I think an example using a % of that net amount would be more in-line with real world behaviours. But I'm nitpicking. The velocity in which you can turn over your initial investment is key if you are serious about griwing your business. I would much rather turn that initial $5 over 3-4x in two months over 1x because I'm trying to squeeze every last penny out of it. I just made a $950 sale on a car part today after sending a $200 off offer. Sure I could have held out for more, but why? I have $11 into and still have 4 more (2 others have already sold as well). I'd much rather have some of the money all of the time than all the money some of the time.

[@FlippinAintEasy]

I agree with you 100%. In my example it was geared more towards someone trying to build up a store with very little money. Assuming they are covering their noob selling related expenses another way to build up initial inventory before pulling profit out. You can see even if you pulled half of the gains aside for personal use, if you buy the right items you can really make this work.

[@fisherflips]

And i guarantee seller #1 doesn’t accept returns either where as seller #2 does

[@willowsoul3]

Where do you cross post.?

[@FlippinAintEasy]

On our second ebay store, we cross list over to Poshmark and Mercari.

[@peaceandlove18]

Need more sales? Undercut the market. Got it! Lets all make less money while fees constantly rise. :) The joys of living hand to mouth.

[@FlippinAintEasy]

Let me get this straight. I’m supposed to sit in my items at a higher price point waiting for that one off buyer and make less money? Let me know how that’s working for you.

[@FlippinAintEasy]

As an FYI, the market for an item is almost never static. The market for your item is what someone is willing to pay at any given moment. If you truly are interested in making money in this business it is about churning your capital instead of having it sit on a shelf or in a bin for months on end.

[@robsomething4435]

I believe Seller #1 has been identified.

[@peaceandlove18]

@@FlippinAintEasy I have best offer, send offers constantly, and lower my price constantly. I am number two without taking 50% offers.. You might as well set your price to 50% of market from jump to get that sale fast if you are looking to up your churn rate that bad. My point is it is always a race to the bottom. Just like doordash they kept lowering the pay because there is always some thirsty idiot out there willing to do for less. Now every trip is less for everyone. This mindset is why we can't have nice things.

[@peaceandlove18]

@@FlippinAintEasy I agree but I am not taking a $125 offer on a $200 item in my store. Ill counter for a reasonable amount while I stick to my price reductions with time. You are throwing away equity in favor of immediate cash accepting those types of offers. I also have money to source so I can still buy anything I come across without sacrifice. I am not that thirsty.

[@susanphelps9674]

Do you ever go on ebay's suggested price? I dont but what are your thoughts?

[@FlippinAintEasy]

No because it doesn’t take all listings into account and many times the information is wrong.

[@susanphelps9674]

@@FlippinAintEasy When I see the median sold price I am like that ain't going to happen.

[@Whagz_BuHu]

Thanks for the content! Question if you don't mind sharing. Do you block buyers, and if so approximately how many do you have on your list! I think you could probably make a video about blocking buyers, how often, what did they do that made you decide to do it etc or have it part of one if you haven't already! I sometimes think I might block buyers too easy, I have about 31 on my list with roughly 2 years on ebay and 6.4k sales But thanks again!

[@FlippinAintEasy]

I have around 250 blocked buyers I have accumulated since 2019. I block for many reasons, bad returns, buyers who fish for partial refunds, buyers who after checking have abused sellers through the feedback system. Rude buyers who no matter how much you try to de-escalate the situation, want to be nasty. I am sure there is one or more other reasons but those are the main reasons.

[@katepickrum6976]

Great video, thx

[@Whagz_BuHu]

@@FlippinAintEasy Thanks so much for the reply! Awesome I block for similar reasons but am in a niche market where there aren't as many bad apples compared to the rest of the population (or at least has been my experience) I sell in kinda nerdy products.

[@blaaa22awwwf]

31, thats like what I block in like a week lol. Block everyone asking for stupid discounts, people who ask questions that are answered in the listing or you can google on, etc etc. Will just be trouble later. Red flag buyers turn out to cause problems more often than they don't.

[@Tribetime73]

I dont think your comparison is good at all. Clearly the item has a decent sell through rate. Why race to the bottom? Your statement you can reivenst into 20 more items quicker is true but if you had waited since it is a good sell through you could invest into 36 more items after fees. 16 more items using your same example of $200 per. You do this more and more and next thing you know you are not sitting at a 200 item store averaging 5 to 6 sales you have a 800 items store averaging 20+ sales per month. Your logic only works for those items that are low sell through and if that is the case that is just a bad buy and 100% on the reseller.

[@FlippinAintEasy]

Do as you wish with the information. I promise you that your theory doesnt hold water. I am sitting at $15k last 31 days with a 200 item store and closing in on almost 500 sales in that same timeframe. This has been my formula for the last 18 months, yet my store has not grown and my sales have only increased. My logic is working for me and this video was simply sharing this with you.

[@Tribetime73]

Which is why you are a 200 store. I agree it works but your logic on good sell through items is off. No need to race to bottom if the sell through rate is high.

[@FlippinAintEasy]

@@Tribetime73 I’m not racing to the bottom. I take offers that are reasonable and I am a bit more aggressive when the item has been sitting for awhile. Let me ask you, what is better? Having a 200 item store making $15k in 30 days or having a 1000+ item store not able to even generate half of that revenue? (many fall into that category). The more sales you accept in a day relative to the size of your eBay store dictates your stores sale through rate. I have found through trial and error that the higher sell-through you have in your store the better you are off for it. If you are sitting on your items waiting for the unicorn buyer it hurts your store’s overall conversion rate.

[@Tribetime73]

@FlippinAintEasy now you are changing the narrative. I was responding to the example you used in the video, which clearly had an above average sell through rate. Comparing a store with over 1000 items and not making 15k month is irrelevant to the conversation. My point is if the items have good sell through, there is no point racing to the bottom. I think if you go back to my original statement you will see my point.

[@FlippinAintEasy]

@@Tribetime73 I understand your point but don’t see how in that original point I am destined to end up with an 800 item store selling only a few items. Forget the store size for a moment. Would you not agree that being a little more aggressive with offers, coupons and markdown sales will move items faster than the same seller selling the same items who does not? The first seller will have a better sell through rate in the eyes of eBay which makes a difference. What you may not realize is I am still selling 60-70% of my items without offers of any kind. As sellers we can guess all we want (and I have done my share of guessing over the years when it comes to this issue). The validation comes from the results. After having my best month in years I would be foolish to change what’s working. This may not work for you but I would never try to talk someone out of what works for them.