Saturday, February 26, 2011

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!!!

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