Spotlight on a Successful College Seller

Name?

Josh Murphy

 

How did you get started selling on Ebay?

I started selling on Ebay in July of 2010. I initially wanted to do this to save for engagement ring, wedding ring, and honeymoon. It has gone very well and all of that has been paid off since January and I have been able to save towards other things as well!

  

What types of items do you list?

Jordan Basketball shoes and other similar styles. I sell Hyperdunks, Air Force 1's and various types of Nike Casual Tennis Shoes!

 

How much money have you made?

Since starting in June I have made approximately $10,000 and in the month of February I have made about $1,600. I have become more aggresive this semester than I was last semester. The more I buy from Nike the more I will make. I typically will start my price points at double what I paid. My shipping cost is typically $10.99 for each pair, and I offer Buy it Now option on every listing.

  

How much profit do you usually make on each item?

I typically clear double om each item. For instance, if I spend $30 on a shoe I can sell it for $55-$65. Then include shipping fee of $10.99 as well!

 

What is the most profit you have made selling one item?

I sold a Jordan Retro DMP pair of shoes this month for $152.00. I only paid $50 for them!!! :) I wish they all were like that!

 

What advice would you give to other college guys interested in getting started selling on Ebay?

I would say to start as a freshmen. It only took me 6 months to start making $1000 or more a month! That is a great supplemental income!!! You really could pay for school or save a ton in the 4 years while at school. Also, start small and experiment. Learn what sells and how to sell it! Lastly, have fun! It is quite the adrenaline rush to buy alot and see it sell!!!

Nike Outlet: My Best Friend

I'm definitely a shoe guy.

Even before I started selling on Ebay I could spend a long time walking the aisles of a good discount shoe store. My weakness has always been cool basketball shoes, and I have my fair share of them.

The point is, shoes are something I know a lot about, and something I'm interested in. This is one of the most important aspects of selling products on Ebay.
Sell stuff you like.

If you like shoes, this post will help a lot. If not, I still have some good ideas to think about.
I find amost all of the shoes I sell from a Nike outlet 10 minutes from my college campus.
Here are some of the ways you can make money selling shoes from a similar outlet.

• Look for shoes with at least a 70% markdown from the original price.

This much of a discount almost always means you can resell the shoes for a good profit. Your goal is to always make 100% profit on the shoes you buy. In other words, if you buy shoes for $40, you want to sell them for $80.
Ideally, for you to sell shoes for $80, the original price needs to be at least $140 ($140 is roughly 70% more than $40). This doesn't always have to be the case though, which leads me to my next point.

• Look for rare, or sought after shoes.

The right pair of shoes can go for even higher than the original price. You just have to research the shoes you find to tell if they fall into this category. Luck has a lot to do with what you find at an outlet on a given day. Usually you won't find these types of shoes though so don't get your hopes up too much.

• Look for popular, cool shoes

You can almost never go wrong with Jordans, and Air Force Ones. The rest is up to your sense of what's cool.

• Coupons, coupons, coupons

Most outlets have coupons that you can sign up for via email. Remember, the more discounts you get, the more profit you can make.