Someone once told me that socks sell great on ebay, I thought they were joking, but it is true there are some brands that sell very close to the suggested retail value. So I started researching socks, what I could buy them for and what they were selling for. My first purchase was 3 pairs of Elevated Under Armour mid crew cut socks. I bought them from Marshalls, an off priced retailer, for $6.35 including tax.
TIP: When listing an item I would suggest keeping it simple, personally I like to list facts and keep it simple, I use large font (24) and all caps so the ad is easy to read especially if the buyer is on their phone. When someone is reading a hundred listings I don’t want to confuse them with extra information they are not going to remember. I also usually include 3 to 5 pictures, I feel people get bored if they are reading something or looking at something for too long. I provide enough pictures to give the buyer a clear idea of what they are purchasing.
I decided to offer my item for 30 days at a buy it now price of $16.99 with free shipping. The socks sold in one day and had 2 page views. Wow, I could not believe they sold that quickly. However now I had to ship my socks and that is not the simplest task when there are so many choices out there.
TIP: I was told to print my own labels through ebay, you save money printing from your printer and you receive a discount from ebay. Also definitely get a mail scale, any digital kitchen scale will do, I did not use one for my first dozen items and I know I over paid for shipping. Most of my items are below 84 inches in combined length and weigh less than 16 ounces so I can ship them USPS first class which is very inexpensive, but I later learned there is a price difference between every couple of ounces, example 10 ounces is $.75 more than 8 ounces. Also if you are too far off on your weight the girls at the post office told me the post office will return the item back to you, which would be devastating. So by entering your exact weight you will pay the right postage and will not have to worry about the package getting returned.
TIP: If you take your item to the post office and want to ship it first class it must weigh 13 ounces or less. If you purchase your first class shipping label through ebay your item can weigh up to 16 ounces. I have so many packages that weigh 14-16 ounces, if I did not print my labels through ebay I would have to pay for parcel select through the post office which is much more than first class.
*Media mail is the cheapest, if you are shipping books, movies or any other media type item ship it media mail. Personal items like home movies and photo books do not qualify. I read somewhere that you cannot include an ebay packing slip because it is advertising for ebay and advertisements are not allowed, so if you are shipping media mail do not include an ebay packing slip. You ship exactly the same way as your other packages except when you purchase your shipping label through ebay you select media mail instead of USPS first class.
TIP: When you print your shipping label via ebay, they automatically upload the tracking number. This is great because it eliminates human error and it guarantees your information is uploaded within the one day handling time as long as you complete the label purchase within 1 day of the sale date. You want to print your label and drop your package off at the post office as soon as possible, the quicker you do this the quicker your customer will receive their package which will result in a positive feedback score. You can achieve a top rated status someday if you meet the requirements, this status gives you a discount on ebay fees and one of those requirements is a certain high percentage of your tracking numbers have to be uploaded on time.
So I ship most of my items in a poly non-bubble mailer,9 inches by 12 inches. I now order 100 at a time, at the beginning I ordered 10 at a time, but I quickly increased the quantity because I did not want to keep ordering every couple of days and it is cheaper to order a larger quantity. The link below will take you to the boxery on amazon, not only is it a great deal on poly mailers, $7.75 including free shipping for 100 mailers/.08 per mailer, but they ship fast and they are quality mailers.
*The above link is an affiliate link, if you purchase through the link I provide, I do receive a commission from the retailer, there is no extra cost to you, this is one of the ways that will allow me to keep writing, thanks for your support.
My fees to sell this item were:
$2.60 USPS first class shipping
$1.70 ebay fee (10% of the total sale)
$.51 Paypal fee (3% of the total sale)
$.08 poly mailer cost
Total selling and shipping fees-$4.89
I did not have an ebay insertion fee at this time because the first 30 listings each month are free to list, you still pay a fee if the item sells.
My item cost $6.35 including tax, plus $4.89 to sell it which equals $11.24 in total cost. I sold the item for $16.99 so I made $5.75. I thought it was so cool that I could go buy something from a store, sell it, and make money. $5.75 may not sound like a lot of money but to me it is ice cream cones for the kids. Plus this is just one item, of course I thought what else could I buy and sell, and so my obsession began. I absolutely love trying to figure out what people will buy, how much profit can be made, and most importantly what sells quickly. The quicker you can buy and sell the more money you will make. I experiment with products on a daily basis so there are many many more items to come.