Ask Me Anything About Ebay

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When are the worst times to have an auction end? outside of 4am of course. Basically whens the best value time for a buyer?

Whats the best time selling wise to end? Does it really matter doing 3 day or 7 day?

[Pretzel]

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So you, your wife, and a part time shipper profit 120k+ per month. You have almost no overhead to speak of.

Tell me three things you don't like about what you do.

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#1. I havent had a day off in more than 2 years
#2. I have two sets of customers to please the buyer and the consignee
#3. Shipping 500+ items a week can be hard with just the 3 of us

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This is more a question about you than your business. Given that you seem to make a lot of money, why do you choose to work yourself so hard instead of taking frequent vacations? Do you fear that you will lose longtime customers if your store is closed for 1-2 weeks a couple times a year? Or is it just personal preference that you like working and don't care for vacations?

[KKbluff]

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When are the worst times to have an auction end? outside of 4am of course. Basically whens the best value time for a buyer?

Whats the best time selling wise to end? Does it really matter doing 3 day or 7 day?

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Im sure cantbeatluck could answer this question better, but it sounds like you really havent read all of this thread. You should try reading (or renting from your library) Ebay for Dummies
I bought the book and it payed for itself.
Its not world-class info, but it will most definitely shoot you in the right direction if you want to make your hobby blossom.

[cantbeatluck]

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How do you make so much from shipping? Do you have a cut rate deal with UPS or FE? If not where do you get all the shipping boxes?

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Not that this is totally impossible for a business of the OPs size, but when I ran a smaller scale ebay biz I would just ask my local walmart to save some larger boxes for me. I could then tailor that cardboard to my needed demensions, tape it up, then ship it. It saves TONS on packaging. (it also helps knowing someone who works there, preferably mgmt.)

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Yes we did this as well in the beginning saves 1000s

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Im guessing you still do this now then (at least to some extent)?

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yes got hooked up with a cookie delivery man...gives me 100 boxes a day

[cantbeatluck]

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When are the worst times to have an auction end? outside of 4am of course. Basically whens the best value time for a buyer?

Whats the best time selling wise to end? Does it really matter doing 3 day or 7 day?

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All my research says 5 and 7 basically the same but big ticket items I always end on sat or sunday evening post 9pm

[cantbeatluck]

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So you, your wife, and a part time shipper profit 120k+ per month. You have almost no overhead to speak of.

Tell me three things you don't like about what you do.

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#1. I havent had a day off in more than 2 years
#2. I have two sets of customers to please the buyer and the consignee
#3. Shipping 500+ items a week can be hard with just the 3 of us

[/ QUOTE ]

This is more a question about you than your business. Given that you seem to make a lot of money, why do you choose to work yourself so hard instead of taking frequent vacations? Do you fear that you will lose longtime customers if your store is closed for 1-2 weeks a couple times a year? Or is it just personal preference that you like working and don't care for vacations?

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I have addiction issues, used to be drugs, then online poker, now its working at my business, I hope to retire at 40 and be able to live well on my money and travel at that point.

[Shoe]

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I own an Ebay Consignment shop that does millions in sales for a nice nut of the total sale. Ask me anything about selling, buying, owning a business etc.

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How big is your office space?

[lala]

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So you, your wife, and a part time shipper profit 120k+ per month. You have almost no overhead to speak of.

Tell me three things you don't like about what you do.

[/ QUOTE ]
#1. I havent had a day off in more than 2 years
#2. I have two sets of customers to please the buyer and the consignee
#3. Shipping 500+ items a week can be hard with just the 3 of us

[/ QUOTE ]

This is more a question about you than your business. Given that you seem to make a lot of money, why do you choose to work yourself so hard instead of taking frequent vacations? Do you fear that you will lose longtime customers if your store is closed for 1-2 weeks a couple times a year? Or is it just personal preference that you like working and don't care for vacations?

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I have addiction issues, used to be drugs, then online poker, now its working at my business, I hope to retire at 40 and be able to live well on my money and travel at that point.

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how old are you now?

[Paul B.]

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Additionally, if you had to start your business over, would there be anything you would do differently when you first started??

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I would have franchised it for 75k set up and 4% of each stores sales for life, I sold it guy did it and hes making millions for nothing.

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What would the 75k startup cost cover? I imagine most of the expense comes from the storefront rental space, no?

[cantbeatluck]

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I own an Ebay Consignment shop that does millions in sales for a nice nut of the total sale. Ask me anything about selling, buying, owning a business etc.

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How big is your office space?

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Counting offices, storage, and intake area roughly 15,000 sq feet