Want to Open an EBAY Business? DON'T Buy Anything Without Watching This First!

Рет қаралды 3,380

26 күн бұрын

How much is this going to cost? In this video we look at three different approaches to starting an eBay business. Which one is right for you?
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Пікірлер: 79

@theresakralik1820 21 күн бұрын

25 years ago (1998) I started my Ebay business with $20 which is what I could afford to lose. I practiced on selling a few household items from my junk drawer. I scavenged recycled bubblewrap from the Hobby Lobby frame department and boxes from Target. I used a Intel 386 computer with an AOL dialup online connection. I was making $1500 a week after 6 weeks. My husband joined me in the business in 2010 after losing his job. We peeked out at over $1,000,000 in sales a few years ago and are approaching our 70's. We aren't performing at peak performance any longer ......but we don't need to be. Ebay has been very good to us.

@TheChaChingKing 21 күн бұрын

Now this is a success story! Not just because of the money. It's a success because it seemingly put you in control for the better part of your married lives. In the end, I think that's what a lot of us are chasing.

@woodyhayes7402 5 күн бұрын

Greetings…what items do you resell?

@theresakralik1820 5 күн бұрын

@TheChaChingKing Crystal, china, flatware, kitchen pots pans, collectibles, Art, decor. Very little clothing unless very very good. I sell jewelry. I learned/ learn what to buy by going to the most expensive stores and looking at the most expensive items.

@woodyhayes7402 5 күн бұрын

@@theresakralik1820 - Thank you, for sharing

@coppercat8383 24 күн бұрын

I started with $23. Sold things from my home. Used library printer to print out my labels. Used boxes. Before i listed, i would "pack" several items. Take to post office self serve and weigh them. Then I'd go home with numbers and list. Already had some tape and little bubble wrap. Old newspapers for void fill. After i had $100 in my account, i bought scale. Banked a little more money and bought a light box. Was blessed by winning a Polona lable printer from The Old Paths. Have not spent any personal money, save the $23. My Ebay sales supports itself. Now able to buy my boxes, bubble, cleaning & office supplies from the account. Every 2 or 3 weeks i make a quick run to thrifts, but rarely buy. I try to keep 40 to 50 items in my store. Everything i make, i leave in the business. I'm retired and doing this as a busines, but i do not have to rely on it for income. At my 1st year anniversary, i plan on withdrawing my initial $23. I plan on taking a small quarterly draw about the 1.5 year mark. Im not making a lot but i haven't spent hardly anything. Very pleased so far. Im a hard goods anything seller. I owe my success to your videos. I started watching all kinds utube vids before starting and yours showd me everyone i needed to know about all aspects. Easy to understand and straightforward without a lot of hype. Thank you for your help.❤

@TheChaChingKing 24 күн бұрын

You 100% owe your success to your work! That said, I genuinely appreciate the encouragement. I absolutely love how you've been building this. I love it.

@beachwalker2245 24 күн бұрын

"Slicker than butter on a bald monkey" -I have to use this 🤣🤣🤣🤣🤣

@TheChaChingKing 24 күн бұрын

😂

@lionheart830 24 күн бұрын

Your channel is excellent! You get to the point immediately where many others are egomaniacs and need to tell how wonderful their sales are. Haven't sold yet but have started my listings, not published. My worry is postage and shipping. I do think the main thing needed is enthusiasm to get going and keep going. Thanks!

@TheChaChingKing 24 күн бұрын

You will learn more from listing, selling and shipping an item than you will a hundred of my videos. And, you'll have much more specific questions when you do watch a video. You can do this. You can.

@lionheart830 24 күн бұрын

@@TheChaChingKing Thank you!

@kellysearer9643 23 күн бұрын

Hey Cha-Ching! I just started selling on EBay this week! I just received my first sale! Sooo...excited! You inspired me to go for it, THANKS! Big Fan! 😁👍

@TheChaChingKing 23 күн бұрын

LOOK AT YOU GO! You've got this! Soon enough, you can teach the class. :-)

@LoveMyRottweiler1 24 күн бұрын

Hey Scot another great video: Like you I have 20+ years selling on eBay, I think you hit most of the items needed to get started. I'm at the highest level I want to be with the space I have. With listing inventory around 500 active, with sells around 2 - 4 per day. My biggest improvement over the years was a label printer, must have in my book at any level. My main printer is the Zebra 450, with a backup Dymo 4XL that I picked up used at a yard sale, best part is that I get all my labels FREE from UPS (must have a UPS account) big time savings. Shipping supplies, I live next door to a Hospital I get tons of free boxes clean from their recycle bin, last thing, there is a business about 2 miles away I can get all their used clean bubble wrap I can ever use for free.

@TheChaChingKing 24 күн бұрын

Both of those are really solid printers! And you've got the hook-up on shipping supplies. You're completely set up. I have NO desire have employees and be the boss again. We just want to earn enough to be able to stay at home, travel and spend time with family. Life is short and we don't want it consumed by chasing dollars we don't necessarily need.

@LoveMyRottweiler1 24 күн бұрын

@@TheChaChingKing Same here...doing eBay mostly for the thrill of the hunt and customers fulfillment and positive reviews.😀

@cloisterene 15 күн бұрын

I'm a minimalist, yay!

@TheChaChingKing 14 күн бұрын

When starting eBay, it really is the way to go. Keep those costs DOWN so that you can see some actually dollars coming in.

@M322233 24 күн бұрын

Dear Scot, you are my online eBay Godfather, your videos showed me that it is easy to list, pack, and ship on eBay. Another reason was to clean up my home from the items I bought and was not going to use, many people would be delighted to make a room in their homes and make some money by selling the stuff they don't need. I found a few valuables in my pile and sold some for good money. I am cheap, and I already had a few shipping supplies at home when I started selling on eBay. I bought a basic scale a few years ago (to weigh yarn), and of course, I had packing tape at home (who does not?). Ask your wife, mom, grandma, or a senior neighbor lady if they have a scale they can give away or sell. Most women have kitchen scales, maybe they have more than one. I have a computer and an inkjet printer, and I've been buying labels for inkjet printers. They work well for a small number of sales, and I have not noticed that my printer ink is used up fast. I also had white gift paper I am using to wrap some of my items. I don't need boxes for most of my items, but I keep several free ones (Craigslist free stuff, my Amazon orders, free ones from supermarkets). I bought a box reducer resizer, and I highly recommend it if you need medium to large boxes with different dimensions. Our local supermarkets (and Walmart) sell single boxes, I bought one and resized it when I needed a new sturdy box. Many if not all phone cameras have a "pro" (professional) option where you can adjust the white balance and make sure the colors in photos match the real-life colors. The Pro option also allows you to make your pics lighter or darker. If you don't know much about photography, take your item and change the options in the Pro mode to see how they change your pics. I think you still need the decent lights though.

@TheChaChingKing 24 күн бұрын

I love your whole approach to this. The secret to doing this successfully is as much about how much you are spending as it is how much is coming in. Being mindful of the difference between WANTS and NEEDS is crucial. You've given a lot of terrific examples and advice.

@M322233 24 күн бұрын

@@TheChaChingKing Thank you!

@ltac8194 24 күн бұрын

You are a wealth of knowledge and I truly appreciate all your tips and videos. I'm a part time /beginner level and I have yet to purchase a thermal printer or a store. I've been using a kitchen scale and precariously balancing a clear box to measure bulky items also been using QR codes at the post office. I am nervous to purchase that next level item but I feel like it's time. Thanks again for the affiliate links. I might just use one.

@TheChaChingKing 24 күн бұрын

It sounds like you've started without pouring a bunch of new money into this. I truly think that's the way to start.

@M322233 24 күн бұрын

We probably use the same technique to weigh bulky items. I put an empty small plastic container (about 10" x 8" x 5") on my scale and my item on the top of the container. Small cardboard box should work too.

@TheChaChingKing 23 күн бұрын

@@M322233 Great tip

@bajuracan 22 күн бұрын

I have 956 items active on eBay right now, I don’t want to upgrade the store to the $60/month yet.

@latinohero2012 24 күн бұрын

Thank you so much for this and all your content.

@linneysalas1937 24 күн бұрын

I love your videos! They are educational and encouraging. Thank you!

@TheChaChingKing 24 күн бұрын

Thank you!

@gracejackson7069 22 күн бұрын

Your the best, your a blessing to us ❤

@TheChaChingKing 21 күн бұрын

Thank you so much.

@CarolAnn11 23 күн бұрын

Great advise thank you..

@terisacarter4704 24 күн бұрын

How do you store your inventory? In a climate controlled environment or could I use an outdoor metal shed? Getting close to pulling the trigger as a basic seller.🎉

@TheChaChingKing 24 күн бұрын

I have mine in my house. It really depends on what you sell and where you live. Some items wouldn't need climate control...some will. If I do have a metal building on my property, too. But, mine is insulated because I live in central Texas. It would be too hot and humid for a lot of the items I sell if it were completely uncontrolled.

@trishaaustin8826 24 күн бұрын

Great video

@homesweethome910realtygroup 24 күн бұрын

Thank you!!

@bajuracan 22 күн бұрын

I still use my kitchen scale

@TheChaChingKing 21 күн бұрын

If it's working, that's all you need, IMO.

@amart4382 23 күн бұрын

i am super beginner planning to get my first listing up friday. this video was super helpful as shipping was my main concern . so i will prob go the QR code route for now and let the post office help. i am starting with things from my house but i cant wait to do some real sourcing & hit the stores as i see deals all the time , i just have to learn to decipher which ones are actually profitable. thanks for all the tips !!!

@TheChaChingKing 22 күн бұрын

You got this!

@skydmark 24 күн бұрын

Always great content. I'm in the mid level tier right now, I'm still sourcing from my own home but I'm also starting to pick up some inventory. Have myself a label printer, and a mix of recycled and new packaging. I still work a full time job but hopefully I can break free eventually.

@TheChaChingKing 24 күн бұрын

I was able to retire from my profession. So, I have a floor to my income and that made this possible for me. I could make enough to live without my retirement doing this. But, I'm glad that it is just supplemental for me. Still, this is such a great opportunity for so many people. I feel truly fortunate. And thank you so much for the encouragement.

@beachwalker2245 24 күн бұрын

by the way-your videos are so helpful and thorough!!

@TheChaChingKing 24 күн бұрын

Thank you

@kimberlydrake8654 22 күн бұрын

Hi we are empty nesters ….We live on a small non-working farm fortunate to have second home on property that I planned to open my own little store because I had a booth and fees were crazy..worked hard but made no money! I did plenty of sourcing for 3+ yrs for that booth, and then future store…that hasn’t happened for a multitude of reasons…I have loads of boxes and bubble wrap, printer, tape, IPad, IPhone ….I’ve watched loads of videos and want to start with items from my home …my kids kept everything because we had storage….thought I would start with that stuff as it seems to be desirable items from watching these videos. I am stuck…frozen…shipping of course seems scary to most. I do not want to list a bunch of stuff and get overwhelmed….I know I can be good to customers…guess my main question is…how important is shipping times for ratings? If you are just starting out for fun…minimal…If you include in your listing say 3-5 days before will ship out …is that a non starter? If it goes well I have lots of inventory…just scared to mess up out of the gate! Thank you for sharing your experience and knowledge!

@TheChaChingKing 22 күн бұрын

I don't think I'd put 5 days. I think people would pass you over. I'd put three, though. You could always follow up a sale and let them know that you have three day shipping. Here's something really, really important to remember. You never talk to anyone with experience shipping that is afraid of it. So, the fear you are feeling is curable with a little experience. Start with inexpensive items that are easy to ship. You can do this!

@katesthename 15 күн бұрын

@@TheChaChingKing This is so helpful to read! It seems like shipping is the biggest fear we all have starting out, and hearing that it's both normal and easy to overcome is so so helpful! Love your videos and they have helped me feel more confident in starting this business. Thank you!

@sandrapeterson2691 24 күн бұрын

I am a senior who is dwnszg, I am just getting started with my own things , and few I have picked up. Going to try qr code at first, that makes me nervous, is there a number on code that u can put on package so don't get them mixed up?😮 Thanks for your help❤

@TheChaChingKing 24 күн бұрын

I would write down the name of the buyer and what is in the package right on the package. Then, cover that up with the label when it gets printed out. That should keep things in order. You've got this!

@ProvoloneCapone 24 күн бұрын

Question about shipping. Assuming I’ll be using usps and working full time (eBay on the side)- do you have tips on when to ship out packages? Most of the post offices close at 5 around me. Are there drop off spots for after hours? I worry about bad reviews if I have to wait until Saturday to ship something bought on a Monday. Great video as always!

@TheChaChingKing 24 күн бұрын

My post office closes at 11:00 am M-F and at 9:00 am on Saturdays. The joys of living rural. :-) So, I have 2 day shipping and drop things off in the morning. I live way too far from any place that might have a big enough drop box. Thanks for the kind words!

@M322233 24 күн бұрын

Our UPS office takes USPS packages, and USPS picks them up at the UPS location. I brought a few USPS packages to UPS and they accepted them with no issues, but one day they took the package but gave me a weird look. I don't know if it is OK to take many USPS packages to UPS, or our UPS will kick me out. The tracking and delivery of the UPS-dropped USPS items went fine.

@silverfoxfinance 24 күн бұрын

First!!!! Have you ever done the usps QR code shipping label in bulk? Could definitely see the packages being mixed up or the postal worker putting the wrong label on the wrong package.

@TheChaChingKing 24 күн бұрын

I don't do the bulk printing for that very reason. If I have to take the time to write on each package who it's going to, I'll just print mine one at a time. We rarely ship out more than 10 a day, so we don't really need the bulk printing.

@silverfoxfinance 24 күн бұрын

@@TheChaChingKing same, have only done it when the wifi or printer broke and its 1-3 packages. Good stuff! Keep it up

@cathrintoliver936 24 күн бұрын

I need to try that. Never has. Thanks for the information

@glenp8535 24 күн бұрын

Thinking about selling some of my overstocked collection to make room for new. Do you recommend a PO Box for privacy purposes?

@TheChaChingKing 24 күн бұрын

I used my home address for YEARS without a single issue. But I do like that extra layer of privacy that a PO Box provides.

@carreyn9808 22 күн бұрын

When you take your sold items to the post office, do you get a receipt to show it was shipped?

@TheChaChingKing 21 күн бұрын

I don't normally need to in the town where I live. They've never not scanned them and sent them off on time. If I have to drive in to Waco to drop them off, I make sure I get a receipt.

@annewerner1298 18 күн бұрын

I'm a complete novice to selling in general. I have a question related to using your home address. On the shipping label will my full address be visible to the buyer? I've heard some horror stories from friends on other platforms where the buyer came looking for the seller using their home address

@TheChaChingKing 18 күн бұрын

If you don't opt out of using it and have an alternative return address, yes. It will be on there.

@jeffmorgan1229 19 күн бұрын

Hello, i enjoy your videos. My question is, when you start selling stuff from home, let's call it inventory that you have had for ever. How do you price it when you don't remember what you paid for that item. Versus what you want to sell it for. Or is does it matter since I've owned them forever. I hope I'm making sense. I'm trying to figure out the taxable incom part of selling my stuff Versus selling new items that i know what i paid for it and selling it for a profit which will be the taxable incom part of it. I know i just repeated some words, but I'm trying to be clear about what im saying. Or since im just starting out, i shouldn't worry about what I bought the items for an just sell them for what it may sell for on ebay. Thank you. Your videos are helpful.

@TheChaChingKing 19 күн бұрын

It's hard to give you much tax advice since I'm truly not qualified. Items you've owned for a while and didn't originally purchase as inventory are handled differently than business purchases. And, I'm just not sure of all the rules. I can send you in the right direction, though. @notyourdadscpa is not only a reseller, he's also a CPA. He is truly, truly knowledgeable AND he's right here on KZfaq.

@jeffmorgan1229 19 күн бұрын

@TheChaChingKing thank you for the feedback, I'll have to look him up and do more research. Thanks again.

@TheChaChingKing 19 күн бұрын

@@jeffmorgan1229 I have really found him helpful.

@adessachui7777 24 күн бұрын

What is the difference between the Bluetooth and the rolo? Is the Bluetooth for printing from phone and the rolo from the computer? I don't own a computer and I don't know how to do spreadsheet without one besides by hand.

@TheChaChingKing 24 күн бұрын

The bluetooth just makes my Rollo printer wireless. So, I can print from my computer, my phone...really...anywhere in the house.

@adessachui7777 23 күн бұрын

@@TheChaChingKing Oh...Ok..got it. Thank You. I don't know much about computers anymore.

@bajuracan 22 күн бұрын

Do you use promote listings?

@TheChaChingKing 21 күн бұрын

I've been promoting at 2%. That said, I'm not convinced it helps. I am experimenting with it. but it certainly hasn't been a game-changer for us.

@carreyn9808 21 күн бұрын

Another question, do you need a business license to sell on Ebay and how to the item taxed for a sellers taxes with IRA

@TheChaChingKing 21 күн бұрын

You don't need those things for eBay. You may need them for your location. It truly varies from state to state and municipality to municipality. I can't give you a ton of direction on that other than to send you to @notyourdadscpa He has a KZfaq channel, is a reseller and a CPA. He can point you in the right direction.

@carreyn9808 21 күн бұрын

Thank you.

@vynilrob9719 17 күн бұрын

I think I've already asked: 250 items, 1-2 sales a week. I can't list any more until I get 250 free listings again. Should I max out the free listings or have less in the starter store (and how many)?

@TheChaChingKing 16 күн бұрын

I would max out the listings and just keep listing. Even if it were not possible to get more free listings, you can still make enough to cover the cost of listing an item. That said, if you are only selling 1-2 items a week with 250 listings, you're not selling as much as you should be. So, a store might help because you could run some sales. There's only a few reasons items don't sell. 1. It's not something people want because it's not a desirable item or the condition is poor. 2. The price + shipping is too high. 3. The listing is of poor quality (poor pictures and/or description). Obviously, those three things don't cover ever single scenario, but they cover a massive amount of ground. I'm all for listing more than 250, with or without a store. Listing more keeps your store active and eBay will push it out more. But you need to tackle why you aren't selling a bit more.

@vynilrob9719 16 күн бұрын

@@TheChaChingKing any way I can use my PayPal balance to pay for more insertion fees?