Using EBay To Turn $40 Into $1,000

Using EBay To Turn $40 Into $1,000

It is no secret that I love finding things for a good deal! Getting something at a reduced cost gets me energized. What even gets me more excited is when I can turn that good deal into a profit. Sometimes I love buying things at a good deal and keep them for my family as you can see in this past blog post, but much of the time I enjoy buying things and reselling them at a profit.  It's a win win for every party because I am buying the item from someone who is trying to get rid of it and I am connecting the item with someone who needs it. The person who wants it is getting it at a reduced cost while at the same time I am making money. A growing trend for me is buying items on Offer Up and using eBay to get a great ROI on them.

using eBay

 

One of my most recent flips was a really great return on my investment! I found a stairclimber being sold on offer up for $75, so I went to check it out.  I was able to negotiate the price to $40 before I even arrived. (I like to see what I can offer through the app before I get there in person) I was thinking that my wife would want to use it in her gym for her clients (she is a personal trainer), so I held on to it for a couple months.

She decided that she really didn't have the room for it so she told me to sell it. Using eBay would be the best platform to sell it (it reaches so many more people than local selling sites.) Most of our sales are through eBay (90%), even when we cross-post items.

I was able to sell it within a week of listing it.  It sold for $999.00 using eBay! That is a 2,500% return on my investment!  You can't find these kind of ROI's in many other types of investments except for in this industry.  Of course not all items are like this, but my goal is no less than 300-500% return on my investments.  Even doubling my money isn't enough for me to usually make the purchase.

I get several of these items a year that are really high profit, and they have helped our family out a lot financially. Over the years I have developed my eye to spot them when they are a good deal. (It's not that hard). I can't wait to find the next great deal!

I would love to give you a PDF download of the 4 tools that I used to do this flip! Check it out HERE! (This will also subscribe you to our e-mail list of flea market flips and eBay tips. You can unsubscribe anytime.)

Related Posts:

How I made $2,100 on a $50 Offer Up Purchase

How I made $5,229 in One Month of Flipping Flea Market Items

Does Buying and Reselling Take Advantage of People? 

Talk to Me!

Have you had a good return on an item that you were reselling? Was it using eBay? Tell us about some of your flips below!

ebay to $1,000

 

READ LATER - DOWNLOAD THIS POST AS PDF >> CLICK HERE <<
Robert Stephenson
wmobile22@yahoo.com

I grew up in Central Florida and have lived here my whole life. I first got into buying and selling items when I was 16 years old, and have been hooked ever since. It has mostly been a hobby that makes some extra cash, but sometimes it serves as my main income as well. I don't plan on stopping any time soon. I find too many fun toys for my family (or myself), and just love the whole process.

9 Comments
  • brittany
    Posted at 21:01h, 10 November Reply

    that is a very cool and inspirational story i wish i could find a stairclimber
    brittany recently posted…10 lessons I’ve learned into my second year bloggingMy Profile

  • Jason Butler
    Posted at 10:01h, 09 November Reply

    That’s a heck of a flip right there. I haven’t had anything that good…..yet.

    • Robert Stephenson
      Posted at 22:20h, 10 November Reply

      I am sure you will! I have drifted more toward the larger items the past few years. I don’t mind shipping them and the ROI is totally worth my time.

  • Financial Panther
    Posted at 11:10h, 07 November Reply

    So you’re the one that’s buying all the trash I find! I find a lot of trash on the side of the road and typically flip it for a low price, since my goal is to just get the trash moving out of my garage.

    Shipping that thing on eBay must’ve been a beast!

    • Robert Stephenson
      Posted at 20:23h, 07 November Reply

      Haha! Probably. 🙂 I love finding things in the trash too though. Some people throw some great things away! Shipping this wasn’t too bad compared to some of the other stuff I ship. I tend to gravitate to the large items.

  • Jamie slay
    Posted at 23:16h, 08 December Reply

    I found an antique turquoise sewing machine for $20 that I sold for $150.

    • Robert Stephenson
      Posted at 04:45h, 11 December Reply

      That’s awesome Jamie! Do you do picks and flips often?

  • John
    Posted at 08:26h, 28 September Reply

    Thank you

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