So we have been seriously selling on ebay for just over a year now and we have developed a pretty good reputation. All of our items are buy it now and they are the buy it, list it, store it and wait months for it to sell, kind.
Me and my wife both have full time jobs and this may sound silly to some but we each get an allowance from our budget each week. Money that is ours to do with whatever we want. Its not huge, only like 50 bucks a week each.
We also have an ebay budget that controls how much we spend on new inventory each week based on store sales. Anyway we were out the other day and had already spent our inventory money on new product when it occurred to me there might be a way to double my allowance.
I told my wife, hey I'm going to buy some things with my own money and try to double my allowance by putting them on an ebay listing. She thought it was a pretty cool idea and decided to invest some of her allowance as well.
The deal was these things would all be on a 7 day auction and would be priced low so they would sell faster and only try to double the invested cost instead of the normal 10 times cost ratio we normally do. So if we paid 3 bucks we listed it for 6 bucks on auction instead of the normal pay 3 dollars, charge 30 dollars ratio.
To make sure this did not interfere with our normal ebay store I created a new ebay ID specifically for this experiment. I finished setting up the new account and listed 10 items (selling limit) and will now see what happens. If it works I will probably continue to do this to increase my own allowance each week. Muahaha
I will post an update at the end of the first experiment. This new user ID also has no feedback so it will be interesting to see how important feedback is over cost per item.
Mad Scientist Tony