A question I often get is “how to make is £50.00 a day on eBay?” Now while I will be talking about eBay the same process will also work on Amazon as well. And why £50.00 a day? Well it can be any figure that you like it could be £10.00 a day or any number you like to make your life better and to give you some spare cash to pay off those bills and buy a few treats.
So for those of you that are quick at months will have worked out that £50.00 a day is an income of £1500.00 a month which is very nice, and would make a very nice welcome to any person or family. And put a nice smile on anyone’s face.
So once you have come up with a figure that will get you the extra money, you now need to start work. This style of business will take work and will also take time but the rewards are well worth it.
Next you will need to make a list of places you will be visiting on a regular basis. Some good examples we have here in the UK are :
- B&M Stores
- Pound Stretchers
- TK Max (In States this is called TJ Max)
- Asda Walmart
Now you next task is to go visit all these places and do some research. The quickest way is to use a scanner on your phone using either the eBay App or TeraPeak or if you are selling on Amazon an App such as profit Bandit or ScanPower.
What you are looking for are products where you can double the cost of the item you are buying or even better triple or more. For example let us say you see a product that costs you £5.00 you would want to see it selling for either £10.00 £15.00 or even more. Of course the higher the selling price on ebay and Amazon is good news for you.
Now let’s say you find a product and the profit after all costs is £5.00, you know you need to sell 10 items a day. Now this can be from one product or you could have 5 products and you would only need to sell 2 of each.
Yes it is this simple and you can either ramp up the number of items you sell or slow down on the numbers the choice is yours. So why not give it a go? Start small and then over time build it up. Keep re-investing the profits you make and soon you will have a large and profitable eBay / Amazon business.