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<p>[QUOTE="ToughCOINS, post: 1771761, member: 20480"]I've been doing exactly that since 2006. Your figures are close, but off just enough to cast doubt about one's ability to make it on eBay. Take my fictional example, paying $1000, selling for $1200, paying eBay $72 (6%), PayPal $35.10 ($0.30 plus 2.9%), $5.60 shipping (USPS Priority Mail) and about $1.00 for shipping supplies. That leaves about $85 profit on a $1200 sale. To me, that is a pretty decent profit if it comes within a few months time (admittedly, 3 years is too long for a business to wait to make $85 on $1000 invested).</p><p> </p><p>Naturally, there is other overhead, spread over all sales, but the above example illustrates the viability of selling coins on eBay. </p><p> </p><p>Is it easy? No. Is it exhausting? Sometimes. Is it worthwhile? I think so.</p><p> </p><p>eBay is a way for unfamiliar collectors to experience an initial transaction with one's business. In my case, once we have dealt on eBay, I am then able to point them to my website and additional buying opportunities.</p><p> </p><p>By the way, I didn't start my business with $1 Million or $100K. I started with the American Express Card. Now, THAT'S what I call capitalism at its best![/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 1771761, member: 20480"]I've been doing exactly that since 2006. Your figures are close, but off just enough to cast doubt about one's ability to make it on eBay. Take my fictional example, paying $1000, selling for $1200, paying eBay $72 (6%), PayPal $35.10 ($0.30 plus 2.9%), $5.60 shipping (USPS Priority Mail) and about $1.00 for shipping supplies. That leaves about $85 profit on a $1200 sale. To me, that is a pretty decent profit if it comes within a few months time (admittedly, 3 years is too long for a business to wait to make $85 on $1000 invested). Naturally, there is other overhead, spread over all sales, but the above example illustrates the viability of selling coins on eBay. Is it easy? No. Is it exhausting? Sometimes. Is it worthwhile? I think so. eBay is a way for unfamiliar collectors to experience an initial transaction with one's business. In my case, once we have dealt on eBay, I am then able to point them to my website and additional buying opportunities. By the way, I didn't start my business with $1 Million or $100K. I started with the American Express Card. Now, THAT'S what I call capitalism at its best![/QUOTE]
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