Current Balance = £3001.04

Little reward for my efforts on eBay

Whilst some might be raking in the cash for their unwanted goods, all my efforts on eBay this month seemed about as successful as selling a random selection of goods under the brand Woolworths!

Having spent the best part of a day listing over 50 items, painstakingly photographing them and writing the descriptions I was hoping for a good return.

However only 9 sold for a total of £45.14 and after eBay fees, PayPal fees and postage left me with a profit of just £24.30. Which is disappointing to say the least.

I don’t think there was anything wrong with the items, and with starting prices of just 99p they were not overpriced so I think this might be another symptom of the current recession. I don’t think it’s demand that’s dropping, but rather a case of over-supply.

Everywhere I look there is another how-to guide screaming for attention with titles like “How-to beat the Credit Crunch”, “Recession Busting Tips” or my personal favourite “Happy credit-crunch Christmas”. And just about everyone of these imaginatively suggests making some extra cash by selling your unwanted goods on eBay.

So lesson learnt. The ‘herd’ are now on eBay so I’ll wait for the recession to end and the ‘herd’ to move on to the next frenzied bubble.

No Comments Leave your comment »

RSS feed for comments on this post. TrackBack URL

Leave a comment

Required

Will not be published

Optional


Fatal error: Call to undefined function show_subscription_checkbox() in /home/million/public_html/wp-content/themes/MillionaireAdventure2009/comments.php on line 107