Ebay Business starting with £100
Ebay Business starting with £100
Author
Discussion

nick heppinstall

Original Poster:

9,106 posts

311 months

Tuesday 3rd December 2013
quotequote all
Something I've always fancied doing.

Is it possible to start a business with £100 using eBay or Amazon and make enough to live on ?

How would I go about it ?


BoRED S2upid

21,130 posts

271 months

Tuesday 3rd December 2013
quotequote all
Of course it's possible but it's going to take a while to get from £100 to an income you can live on. You need to find something with a decent mark up to buy / sell.

Hugo a Gogo

23,438 posts

264 months

Tuesday 3rd December 2013
quotequote all
send me 100 quid and I'll tell you

nick heppinstall

Original Poster:

9,106 posts

311 months

Tuesday 3rd December 2013
quotequote all
:-) I'm looking. Finding a product isn't easy !

supertouring

2,228 posts

264 months

Tuesday 3rd December 2013
quotequote all
Start a business - yes, make a living - no


LordHaveMurci

12,338 posts

200 months

Tuesday 3rd December 2013
quotequote all
Well, you say a business, more of a hobby really in most cases.

And it's hard to find a product as there are tens of thousands of people just like you out there wink

IanV12

11,938 posts

189 months

Tuesday 3rd December 2013
quotequote all
if you knew what you were doing, you could spend £100 at car boot sales and charity shops on stuff to sell on ebay- to aim to double your money at least and then do the same again. or better still start to sell stuff you already own as a means of getting some money to buy stuff.
For example named clothing (Fred Perry, Paul Smith etc..)
Lego
broken tv's
Dyson vacuum cleaners
for the last 2, go to your local rubbish dump and see what they have for sale. Someone on here did that and repaired Dyson to sell.

making enough to make a living will be hard, making some extra cash is easier. You need to have expert knowledge in something to be able to buy it secondhand and know that you make a profit or sell lots of things for a small profit.

Tampon

4,637 posts

256 months

Tuesday 3rd December 2013
quotequote all
There is the £100 challenge in this forum. I joined that and started selling Lawnmowers, I bought them broken for around £20 each and fixed and serviced them, wiped a oily rag over the paint work and sold them for around £100. This built up over summer to a point where I was selling 5-6 a week and not having to buy them in as I offer PX on broken ones to buyers and getting more expensive ones in. The most expensive one was a £50 Hayter that I sold for £350 and took another Hayter as part exchange in the deal which I sold for £200. I think I turned over around £6k and made around 4.5k in a couple of months. All from ebay listings.

You probably aren't going to do it just selling something on, everybody is at it. Even if you do you will find someone else sees your success and copies it and then you are in a zero sum game and someone will always sell it cheaper than you. Try and find something you can make or add value to. When I was younger I sold imported car auction details in a ebook for £4 on ebay. Sold a few hundred quids worth. The info was available freely if they googled I just spent 4 hrs putting it together and making it look nice, with explanations on what to do at auctions and how they worked and how to SVA test the cars once bought.

Try and think of something new, put some effort in and you should be able to make a living. Like life really those with a bit of spar and work ethic normally do alright, those who expect it to just work don't.

Loads of things you could do, fire wood sells for around £50-80 a builders bag chopped and dry at the moment, kindling can be made out of old pallets available free every where, that sells for about £4 a bucket. There are loads of things you could do to make money and use eBay as the window.


Hugo a Gogo

23,438 posts

264 months

Tuesday 3rd December 2013
quotequote all
IanV12 said:
if you knew what you were doing, you could spend £100 at car boot sales and charity shops on stuff to sell on ebay- to aim to double your money at least and then do the same again. or better still start to sell stuff you already own as a means of getting some money to buy stuff.
For example named clothing (Fred Perry, Paul Smith etc..)
Lego
broken tv's
Dyson vacuum cleaners
for the last 2, go to your local rubbish dump and see what they have for sale. Someone on here did that and repaired Dyson to sell.

making enough to make a living will be hard, making some extra cash is easier. You need to have expert knowledge in something to be able to buy it secondhand and know that you make a profit or sell lots of things for a small profit.
playmobil stuff is good too, buy a bag of it at a car boot sale, divvy it all up and sell individual parts

DSLiverpool

16,577 posts

233 months

Tuesday 3rd December 2013
quotequote all
OP Modify an existing thing or make something or corner the market in something - that's your only real way to do it eg if a popular car always breaks a mounting plate or bracket sell a better one, or sell bush kits for stuff with instructions - add value make money.

Frimley111R

19,421 posts

265 months

joewilliams

2,004 posts

232 months

Tuesday 3rd December 2013
quotequote all
Tampon said:
There is the £100 challenge in this forum. I joined that and started selling Lawnmowers, I bought them broken for around £20 each and fixed and serviced them, wiped a oily rag over the paint work and sold them for around £100. This built up over summer to a point where I was selling 5-6 a week and not having to buy them in as I offer PX on broken ones to buyers and getting more expensive ones in. The most expensive one was a £50 Hayter that I sold for £350 and took another Hayter as part exchange in the deal which I sold for £200. I think I turned over around £6k and made around 4.5k in a couple of months. All from ebay listings.

You probably aren't going to do it just selling something on, everybody is at it. Even if you do you will find someone else sees your success and copies it and then you are in a zero sum game and someone will always sell it cheaper than you. Try and find something you can make or add value to. When I was younger I sold imported car auction details in a ebook for £4 on ebay. Sold a few hundred quids worth. The info was available freely if they googled I just spent 4 hrs putting it together and making it look nice, with explanations on what to do at auctions and how they worked and how to SVA test the cars once bought.

Try and think of something new, put some effort in and you should be able to make a living. Like life really those with a bit of spar and work ethic normally do alright, those who expect it to just work don't.

Loads of things you could do, fire wood sells for around £50-80 a builders bag chopped and dry at the moment, kindling can be made out of old pallets available free every where, that sells for about £4 a bucket. There are loads of things you could do to make money and use eBay as the window.
^^excellent advice.

You need to add value somewhere. Find something that you already have indepth knowledge of or experience in. I made some decent pocket money doing laptop spares a few years ago - buying machines listed as broken for a pittance, breaking out the good parts and relisting them. It got better when I met a company that took in ex-lease laptops and would happily sell large boxes for a few hundred quid. That's an oversubscribed market now, but the principle applies.

Art0ir

9,423 posts

201 months

Tuesday 3rd December 2013
quotequote all
supertouring said:
Start a business - yes, make a living - no
I disagree.

I started selling on eBay at 18 with £60 worth of stock. When I wrapped it up I was making around £80 a day.

I knocked it on the head because it was a pain in the ass and I had other things to focus on, but I'm confident I could have expanded it further if I had been that way inclined.

Frimley111R

19,421 posts

265 months

Tuesday 3rd December 2013
quotequote all
Also, given that you are on here, why not buy and sell a car?

Anthony Micallef

1,128 posts

226 months

Tuesday 3rd December 2013
quotequote all
nick heppinstall said:
Something I've always fancied doing.

Is it possible to start a business with £100 using eBay or Amazon and make enough to live on ?

How would I go about it ?
http://www.easyauctionbusiness.com/

Simpo Two

93,075 posts

296 months

Tuesday 3rd December 2013
quotequote all
You might like to see 'Getting rich in the recession', Thursday 9.00pm C4.

Part of me thinks that for every £10 lost by someone, there is £10 to be gained by someone else.

Tampon

4,637 posts

256 months

Tuesday 3rd December 2013
quotequote all
Anthony Micallef said:
Won't work, that is what people who think it is easy to sell on ebay. He makes money selling you he video course and then you join the thousands of other trying to do the same with the same stockist.

Also his advise isn;t the greatest

"I never recommend borrowing money to buy stock. If at the moment you don't have spare cash to invest, maybe you can wait a few weeks while you save it. But if you have a credit card with a £3000 unused credit, sure you can use £500 to invest in stock."

Brilliant advise, don't go into debt but use your credit card?

Stick with what you know, or learn something new, you can definitely do it but you will have to be the one who does it. Keep it simple, loads of free advise on YouTube about how to make good listings. Don't fall for the "I made a million selling on eBay and can show you too" rubbish.

Bit of thinking, lot of work and you will end up with some cash in your hand at the end.

supertouring

2,228 posts

264 months

Tuesday 3rd December 2013
quotequote all
Art0ir said:
supertouring said:
Start a business - yes, make a living - no
I disagree.

I started selling on eBay at 18 with £60 worth of stock. When I wrapped it up I was making around £80 a day.

I knocked it on the head because it was a pain in the ass and I had other things to focus on, but I'm confident I could have expanded it further if I had been that way inclined.
OK, yes you can but it does not happen over night. Giving up a job to invest £100 and get a return to live off is not going to happen.

There are plenty of people doing well, selling all sort of niche products for good money, but finding that product is not easy. You obviously did well if it was Profit of £80 rather than sales of £80 a day. I got upto about £2k+ sales per month, but the profit was not enough to live off.






Frimley111R

19,421 posts

265 months

Wednesday 4th December 2013
quotequote all
Tampon said:
Stick with what you know,..
I'd advocate this. Its hard enough getting started without having to learn/understand a new product/service and its marketplace. Your experience and knowledge is worth more than anything else in most cases.

£100 could be enough to get going with a sideline which could turn into a f/t job if you'd like it too but £500 will get you there quicker!



Anthony Micallef

1,128 posts

226 months

Wednesday 4th December 2013
quotequote all
Tampon said:
Anthony Micallef said:
Won't work, that is what people who think it is easy to sell on ebay. He makes money selling you he video course and then you join the thousands of other trying to do the same with the same stockist.

Also his advise isn;t the greatest

"I never recommend borrowing money to buy stock. If at the moment you don't have spare cash to invest, maybe you can wait a few weeks while you save it. But if you have a credit card with a £3000 unused credit, sure you can use £500 to invest in stock."

Brilliant advise, don't go into debt but use your credit card?

Stick with what you know, or learn something new, you can definitely do it but you will have to be the one who does it. Keep it simple, loads of free advise on YouTube about how to make good listings. Don't fall for the "I made a million selling on eBay and can show you too" rubbish.

Bit of thinking, lot of work and you will end up with some cash in your hand at the end.
Sorry don't agree, he's a very successful eBay seller who's also a moderator on the wholesale forum website. He knows his stuff when it comes to eBay and running a successful business.