LDeville Posted September 25, 2011 Share Posted September 25, 2011 Hi Just go an Email from one of our nieces and they have asked us a question as they feel that we are clever and have an answer for everything:hihi: We do hold an account on a major net auction site, but rarely used, used to sell a car or two every year and buy odd stuff, other than that, no real skill. She wants to know if she make a clear profit of about 150 to 200 quid a month, buying and selling.this is in order for her to go on hols, and on the whole have a a bit more cash to help her out as she is on a low wage, ie works in a supermarket and studying. thanks in advance PS - We won't tell her we asked for help here:hihi: Link to comment Share on other sites More sharing options...
Mr Bojangles Posted September 25, 2011 Share Posted September 25, 2011 You can make plenty of money on ebay, but key to it is either having something that nobody else has available for sale, or a product that you can buy cheaper elsewhere and sell, profitably, at a lower price than other ebay sellers. Without one of those advantages you're just another little fish in a very large and very competitive pond. Link to comment Share on other sites More sharing options...
Twiglet Posted September 25, 2011 Share Posted September 25, 2011 If she's 'buying and selling' i.e. trading as opposed to selling unwanted possessions she'll have to inform HMRC and complete a tax return; she'll need to decide if it's 'worth' the extra admin and hassle! Link to comment Share on other sites More sharing options...
mushypeas193 Posted September 25, 2011 Share Posted September 25, 2011 Just a thought, She might be better buying off Ebay and selling outside Ebay. Link to comment Share on other sites More sharing options...
Karis Posted September 25, 2011 Share Posted September 25, 2011 Translated: we've just spent our giro and we're desperate to make a few quid! Oh, it's all such fun! Link to comment Share on other sites More sharing options...
Sierra Posted September 25, 2011 Share Posted September 25, 2011 When my daughter was in high school, she worked for a well known clothing store. She frequently got close outs and end of season stuff practically free. A lot of it was stuff that was in high demand and available only in the US, sometimes only in California. Anyway, I helped her set up an ebay account. I'd say the results were so so. She did make money, but the resulting trouble with buyers who didn't read carefully, who changed their minds after purchasing something, and sometimes dealing with a language barrier just wasn't worth it. She ended up selling most of it locally. Bear in mind anytime you're dealing with the public, there just is no pleasing some people. Link to comment Share on other sites More sharing options...
Karis Posted September 25, 2011 Share Posted September 25, 2011 Bear in mind anytime you're dealing with the public, there just is no pleasing some people. So very true. I have a retail store and some customers can be abusive even if they've not read the information! /sigh Link to comment Share on other sites More sharing options...
the_rudeboy Posted September 25, 2011 Share Posted September 25, 2011 A bloke Mrs Rude used to work with, just about made a living selling toys on auction sites (mainly Lego and train sets). He'd go to car boot sales every weekend to buy stock then sell it during the week. He made enough money seling toys to only need to do a couple of shifts a week at work. Link to comment Share on other sites More sharing options...
muddycoffee Posted September 25, 2011 Share Posted September 25, 2011 I've know a couple of people who have relied on selling on E-bay to make a few quid. The main problem is that you regularly get buyers who mess things up because they complain because something does not arrive quickly or they have read the discription wrongly and the item is not what they wanted, or they wish to disagree about the shipping fee or something. What can happen is your account or your paypal account gets suspended and you loose other sales or cannot collect other money. This is a significant problem and you have to mess about to get it up an running again. The safest way to do it is to have more than one ebay account on the go using close relatives accounts and their permission of course. This way you can use alternate accounts to spread the risk, especially if you start to get expensive sales. Link to comment Share on other sites More sharing options...
LDeville Posted September 25, 2011 Author Share Posted September 25, 2011 Hi Thank you all, very helpful Will send link to our niece - she will still think of us as very clever but even clever people need help, fact Thanks again to all that have helped Link to comment Share on other sites More sharing options...
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