One of our links of the day yesterday was 10 Tips n’ Tricks to Raise Funds and Bootstrap Your Biz from MindPetals in which eBay was suggested as a source of financing for your business.
Today I was sent a press release from eBay Canada about a new contest they are having offering over $10,000 in prizes. A new category is the eBay Young Entrepreneur of the Year for eBay sellers aged 18-24.
According to their PR, there are over 32,000 Canadian entrepreneurs running successful small businesses on eBay either full time or part time. With over 222 million registered eBay users around the world it’s becoming a great way to reach new markets and promote your product.
I’ve used eBay as a buyer but never as a seller. This is partly because in my business I do not have a product to sell.
What have your experiences been selling with eBay? Have you found it to be a profitable channel worth exploring for young entrepreneurs?
I think the margins on ebay are simply too small to make it particularly profitable. You’d have to really find a bargain somewhere, bulk buy and then try to auction it. Timing is important too like sunday evenings are best for ebay.
Maybe someone enterprising might want to try selling on discounted items from bargain websites like
http://www.nimisis.com/halfpricebargains/
then put them on ebay?
Great blog, well done.
I Love ebay.
Nice post! I�d like to wait for you next post.