It Takes Money to Make Money

Sometimes, when I’m out shopping for eBay inventory items, I think to myself, do I really want to pay $6.99 for that?

The answer depends on how much I think I’m going to be able to sell it for.

I’ll pay more for an item like Dansko boots because I know that I can sell them for at least $100.  I recently paid $24.99 for a pair of Dansko shoes, and it was totally worth it because I’m keeping them for myself and then when I’m done wearing them, I’ll still be able to sell them. :)

It’s great to be able to find items for .99c or $1.99 or even .50c, but how often do you find a .50c item at a yardsale or thrift store that you can resell for $100?

I’m finding out more often that it really pays in the long run to spend a little bit more money on items up front to get a larger profit.

When you think about it, would you rather buy 5 items that are .99c, clean them up, take pictures, write descriptions, and ship out 5 items to make $75 in sales, or would you rather spend $4.99 on ONE item, clean up one item, take a picture of one item and ship out one item to make $75 in sales?

Which one is more cost effective?

In my experience, in order to make enough money on eBay to meet my living expenses, I need to be able to make more money per item and increase my profits so I can reach my sales goals.

Rachel

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