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How to, tools for ebay, trade secrets / 20.05.2019

What is COGs? Cost of Goods Sold is exactly what it sounds like. It's the cost of your inventory that has sold.  You need to know this so you can figure out your net profit, and for tax reasons. When I first started reselling I would manually keep track of what I bought each item for, how long it took to sell, how much it sold for and how much it cost to ship. I liked to know my exact profit and total expenses for each item sold- that's why I would...

psychology/ mindset, tools for ebay / 10.05.2019

Freedom Money is freedom. My dream is to make enough money from my internet businesses to buy some land, build a house and start a small homestead/ farm. But this requires a lot of money. I'm a 25 year old single male. I often don't get as much done during the day as I would like. Most days, it feels like I don't have enough time. (I can't imagine having children to deal with as well). Ore maybe I actually have too much time. Sometimes, the busier I am the more I...

tools for ebay, trade secrets / 10.05.2019

Shipping Q's Shipping can be confusing to a lot of new ebay sellers. People usually have a lot of questions like- How should I package my items? Which option to use? Where can I get boxes? Do I need to buy insurance for the packages? How do I buy labels? Though the shipping process can be overwhelming at first, eBay does a good job at simplifying it. You can buy and print the labels directly from ebay, and you will also get a small discount from the USPS (United...

tools for ebay / 07.10.2018

Automatic Business Accounting for Resellers For the first few years that I sold on ebay I manually kept track of my all of my expenses. When I bought things at Goodwill I would take them home, and record all of the prices in an Excel Spreadsheet. When they sold I would have to type in a few columns like the selling price (including shipping),  the shipping cost, and then another column for final profit! Entering this financial data into my computer took me hours each week. I didn’t know...

tools for ebay / 07.10.2018

Within a year of dropping out of college I was able to move out of my parents house and get my own apartment because of the money I was making on ebay. Here are two shots of what my room looked like at my parents house while my business was growing: This is what my bedroom looks like now in my new apartment: The comparisons are night and day. Before I moved felt like I was in an episode of Hoarders when I was in my bedroom, but now I feel...