So You Wanna Sell On eBay
About This Show
This podcast show is for anyone thinking about starting an eBay business or anyone that currently has an eBay business. We interview successful eBay sellers and entrepreneurs. Our goal is to help you get your eBay business to the top.Read more »
Most Recent Episode
147: 3 Types of Things To Sell On eBay - Jim Bennett
4 days ago
Jim is a father to 3 boys and husband to his beautiful wife Ashlee who also helps with the business. He works eBay full time and is most recently known as the Ordinary Seller on YouTube since he is the guy just trying to pay his bills. Interesting Notes Jim used to work at Horizon, a cable wireless corporation. He also worked as a salesman in a company that sold custom printed magnets and pens. But he decided that the two jobs were not for him. He felt he needed to do something on his own. He realized that he knew how to flip, to buy cheap items and sell it for more than what he pays for. It was his father who was a garbage man who introduced him into reselling. He was 12 years old when he started reselling. His father would pick trash and take it home. Once a month they would go to the flea market and sell the trash. And so Jim decided to go for reselling and never looked back. Jim and his wife, Ashlee, sell on eBay and Amazon. Jim manages eBay while Ashlee manages Amazon. Together, they do it full-time for five years. When Jim first started, he got into Facebook groups and watched YouTube videos. He noticed that there were more people asking questions than answering them. The desire to share his information and help people grew in his heart. So he created his own YouTube channel, the Ordinary Seller. He takes videos in thrift stores and yard sales. He also does sales update videos where he shows people what he is selling. He also does shipping videos where he shows people how he ships his products. He used to take videos using his smartphone. But he realized that he also needs his smartphone to do research while sourcing. So, he bought a Go Pro type camera and now takes videos using it. Jim is not one who plans his day. He would start every day fresh and go nuts with it. Each morning when he wakes up, he would ask himself what he needs to do. If he thinks he needs to go to a thrift store because he has not been there for three months, then he would go. He works in their garage. He would buy his stuff, take it home, and sort it out. The good stuff goes to his back table which is close to where he takes pictures. After taking the pictures, he would stock his stuff on the shelves. When something sells, he would pick it up from the shelf, pack it up and place it in the bin ready for pick up by the mailman. He works as efficiently as he can. His wife helps him handle his inventory. He makes sure that he has no death pile. Every year, Jim takes his family out of the country for a vacation. They would go for a cruise for 7 to 10 days. This year they will have their vacation in October. The beauty about doing eBay is you don't have to ask to go on a vacation. You just have to plan and prepare for it. Jim and Ashlee make sure that they have a good saleable inventory a few months before their vacation. They also save to take the time off. They would put their eBay store on vacation mode and extend their handling time. Jim's son who is 14 years old started doing eBay. Jim set up a store for him where his son can list with 10 items. eBay has a starter store program. A seller can have up to 100 listings for a minimal fee of $5 for an annual starter store or $8 for a monthly starter store. Jim seldom puts his items on auction. If he has an item that he knows would go nuts, then he might put it on auction. He starts his auction at the least price that he would like to get. A couple of months ago, he sold a vintage Hi-Fi stereo receiver on auction. He started the auction at $50 and it got to $85. He went back into his sold and the buy it now is selling for $175 to $225. He can accept $50 because he only paid $1 for the item. Jim gives free shipping. But for heavy and bigger items, he uses calculated shipping. The reason Jim goes full-time in reselling is that he wants to spend more time with his kids. He wants to make it to every soccer game. He wants to see every play and attend after school functions. And so for as long as he can walk, Jim will do eBay. He wants to change the way he does eBay, that is, less thrifting, going to auction and estate sales. He wants to buy bigger bulk to get his inventory up. Advice, Tips, and Tricks 3 Types of Things To Sell On eBay 1. Sell What You Have - Sell what is around your house that you are not using. 2. Sell What You Know - If you run out of stock to sell from your house, then sell what you know. It could be clothes, sports collectibles, etc... 3. Sell What You Research On - Depending on how comfortable you are in your research, try to sell other things and branch out of your comfort zone. When Jim started on eBay, he is allowed to list up to 500 listings. Now, with his son's store, he started with 10 listings. But 10 items are not enough to support a store. So Jim suggests that once you get your listings allowance up to that 200, 300, 500 thresholds, start looking into having a store. If you cannot find the historical data of the item you are looking for, search for the same brand or the same type. Try to build enough information around the unknown item. You can do research on your smartphone. Q & A: Question: How do you get to the point that you move from the corporate into the eBay world? Answer: No matter how prepared you are, you are never prepared enough. There is almost going to be a leap. Another thing to consider is money. How much money do you have? Are you able to pay your bills? Are you able to put food on your table? How much further do you need to push eBay to get things done? Whatever your answers are would determine your action plan. Quotes "I'm just a guy trying to pay his bills!" "It is not always home run, home run, home run. Sometimes, you make a bad buy." "We are not going to let our business interfere with our home." "The beauty about doing eBay is you don't have to ask to go on a vacation. You just have to prepare." "There's almost going to be a leap." "No matter how prepared you are, you are never prepared enough." Contact Information eBay Store: Super Happy Wonder Fun Emporium YouTube: Ordinary Seller Sponsors Solutions4Ecommerce Norila Digital MarketingRead more »
Rated 5 out of
Motivates me to sell on Ebay again.
I gave Ebay a shot and couldn’t hack it. But I didn’t have access to this information. Thanks for this valuable resource Ali and Ron.
Date published: 2014-09-27
Rated 5 out of
Great eBay Podcast!
Hey Ron, great step by step podcast on how to see in ebay.
Date published: 2014-09-19