The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Ebay store with erratic profit, any advice as to why?

Accelerate wealth. Build a business that pays freedom. Join more than 70,000 entrepreneurs and register for the Fastlane Entrepreneur forum. Remove ads? Join the INSIDERS.

prudencenanou

New Contributor
Read Fastlane!
Mar 7, 2018
5
4
16
27
Calgary,Canada
Hello everyone,

My name is Prudence, I am 24 years old and living in Canada. I have an ebay account that I started in high school originally to sell my own clothes but after seeing how high the return was on second hand fairly high end clothing I started to visit local second hand shops/ consignment stores to find similar garments and resell on ebay. This is the first year I have decided to totally focus on my ebay because for so long it was just a side hobby. Sometimes it generates fairly good amount and I can gross several thousands a month but other months are straight zero. I really want to take my ebay business to the next level but the insanely erratic revenue scares me. I dont ever make drastic changes to what I choose to sell and yet at times my store will be so dry it would seem like I have suddenly started selling totally unattractive product. I love fashion and I enjoy searching for the garments I sell hence why I wish to grow this business and would like some advice. I've made over 250 sales on my ebay since it launched in 2013 and have a 100% feedback which I know are strong favorable points for my account and I would like tips from people who are familiar with ebay or have used other e commerce sites in regards to maintaining steady sales, perhaps even leaving ebay for another ecommerce platform and their opinion as to why my sales are so inconsistent.

Thank you !Sorry it was so darn long lol
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

The EL Maven

No longer life's passenger
Read Unscripted!
Speedway Pass
Dec 3, 2015
83
258
170
Are you selling the same item(s) every single month, or does your inventory change over time? If what you sell is not consistent, the results will hardly be consistent either.
 

MJ DeMarco

Administrator
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 23, 2007
32,916
126,075
3,751
Alpine, UT
Thread moved...

Can your business be automated and scaled? If not, you're creating yourself a job.
 

prudencenanou

New Contributor
Read Fastlane!
Mar 7, 2018
5
4
16
27
Calgary,Canada
Are you selling the same item(s) every single month, or does your inventory change over time? If what you sell is not consistent, the results will hardly be consistent either.
I have been selling the same type of items from the get go ( either preowned high end clothing or brand new ) the only changes are that I added menswear a couple years ago which most times sells faster than women's so it was a great addition. At one point I included active wear as well which did pretty well but I have now removed it completely because I believe it is best to have one focus.
 

prudencenanou

New Contributor
Read Fastlane!
Mar 7, 2018
5
4
16
27
Calgary,Canada
Thread moved...

Can your business be automated and scaled? If not, you're creating yourself a job.
I know, I think about this all the time. I would say its fairly automated because it does not require my attention all the time. I do not need to be constantly present in order to make money. I have one day a week where I put up listings and one day a week when I ship out everything. Now in terms of scale, I cant honestly say it can be at least not to a significant level. However I do not wish to give up on my store, I think there is so much potential and a lot more money to be made.
 

Sponsored Offers

  • Sticky
MARKETPLACE  NEW: The Best School for Going Fastlane (50% Off Deal Now On)
Hey, @Fox! Kudos on your course and all the free content that you have released on your YouTube...
  • Sticky
MARKETPLACE  You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
What I got was completely unexpected; @LightHouse generously talked with me for 2 straight hours...
  • Sticky
MARKETPLACE  Freelance University: Solve Every Freelance Problem (Especially on Upwork)
FU. 4 DAYS. 50% OFF BLACK FRIDAY SALE! If you're an Upwork freelancer, you'd be a fool not to...
  • Sticky
MARKETPLACE  For Sale: Food Brand with 4 Years of Happy Customers in a Fast-Growing Niche
So to get certified, it cost a fortune? How much exactly? That sucks that these "health...
MARKETPLACE  Fox Web School "Legend" Group Coaching Program 2021
Fox's Web School helps you learn a specialized skill which you can use to get to Fastlane. It's...
MARKETPLACE  Not sure how to start? This free book will teach you how to build a successful web design business
Hi Fox. Starting the book and got through the introduction. Had a conversation with Andy Black...


Don't like ads? Remove them while supporting the forum. Subscribe.

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom