How to Make $20K in 2017 Selling on eBay #2017FlipChallenge

How to Make $20K in 2017 Selling on eBay

You’ve found products you want to flip but how much will you have to #hustle to profit (not earn) $20,170?

We’ll keep the math simple. First, let’s round down to $20K. Now, let’s assume you sell each item for $10, that’s 2000 items you need to sell just to get $20K in sales. You need to sell (not list) about 168 items a month at $10 each just to get to $20,170 in sales.

PayPal is going to take 3% of your sales and eBay is going to take 8%-11% in fees. These are conservative estimates. Let’s take the lower eBay estimate and say a total of 11% in sales goes to fees. So, if we factor in the fees, you need to get $22,663 is sales now.


If you have buyers pay for shipping on all items, that’s pretty much it (there’s cost of shipping supplies but that can be easily mitigated—more in a later post). But, if you want offer free shipping (on small items under 6 oz. you should) you need to calculate the cost of shipping into your sales. Assuming $3.50 an item for shipping and packaging you need an extra $7000 bringing your total to $29,663 dollars. Let’s call it $30K.

So, if you want to profit, not just earn $20,170 this year, you need to sell $30K on eBay. At $10 an item that’s 3000 items in a year or 250 items for $2500 a month. Assume that 1/3 of your sales will go to fees and shipping.

I know there are a lot of assumptions here. You could sell some big-ticket items and there are ways save on shipping but I’m willing to bet that on average, if you want to profit $20K this year you’ll need to #hustle more than you think.

Here’s something else to consider: if you only earn $20,170 from flipping products you’ll keep about $15K after you’ve paid fees and shipping. It’s still not a bad little bit of pocket money.

Looking for an easy way to ship items? Try ShipStation today.

John

Husband, Dad, Podcaster, Blogger, Writer, and Speaker struggling every day to follow Jesus.

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