Tuesday, March 15, 2005

eBay sold and won

In the last five weeks on eBay I have sold 41 items and won 74 items.

My profits are greater than my expenditure on eBay.

I may have won almost double the items than I sold but the money it cost me to buy them doesn't come anywhere near to the amount of money that I have made on eBay in the past 5 weeks.

Plus I have gotten really good deals on most of the things that I have bought - actually really good deals. The value of the goos most of the time out weighs by over half the actual amount of money I have spent on the item.

I do always try to get the items as cheap as I can and watch things to see how they are going and try at thr right time. I do get outbid sometimes and try to bid again in time before the auction finishes . It is easy to get caught up in bidding and pay more than you want to but luckily that hasn't happened too many times to me as there is always a similar item available that you can bid on if you don't win a auction.

I'm actually watching about 30 items at the moment and if they don't go too high and my money allows me then I will be bidding on them and hopefully winning them.

95% of the time I do big on brand new items as I want new items but depending on the item I will bid on used or nearly new items but I do tend to go for new all the time.

I do try to keep about 20% of my profits to buy new things and buy postal supplies when I need them so I am not dipping into my own money when I need them.

I am still on target for my 100 ratings by the end of April - six weeks to go and at this rate I should get them all that I need to get to 100 and my green star.
If I do get to 100 by the end of April then my goal/target then is to get to 200 by the end of the year. That is over 6 months so is do-able but anything can happen to prevent me from selling that much but we shall see what happens.

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