Low Price Doesn’t Always Mean Big Profit on eBay

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Low Price Doesn’t Always Mean Big Profit on eBay

February 1, 2007 by Ty Tribble | 1 Comment

One of the biggest mistakes that we made when we first started on eBay was to establish a thriving business that was based on low-cost products. We thought we were going to amake money on eBay with these low-cost products. Yet along with low-cost came low-profit from each sale. Yes, there was a profit. Even with high volume, that profit just wasn’t enough.

Since we have two households to support, we need a fairly high monthly income. To achieve that level of sales, we had to sell MANY, MANY, MANY of these items! Talk about hard work for low income! Yes, you can amake money on eBay with low-cost products, but the amount of work required is tremendous.

We soon found options that allowed us to continue with our current regular customers and our chosen market niche. These new strategies included bundling the products that we sold. We also added higher-cost products to our offerings. Finally, we expanded the higher-ticket offerings in our eBay store.