I need to make some money

Page may contain affiliate links. Please see terms for details.

e-rider

Banned member
Location
South West
I'm seriously skint!

I have some time to invest, perhaps 5 hours per week.

How can I make some decent cash?

One idea I had was getting down to the local £1 shop; eyeing up some potential bargains and listing them on ebay for say £3-£4 a pop (without actually buying them first) as they sell (if they sell) get down the £1 shop and buy the required amount - sound any good?

If I sold 15 items per day that would be about £35 per day profit.
 

walker

New Member
Location
Bromley, Kent
not a bad idea, think I might try that myself
 

ChrisKH

Guru
Location
Essex
How about a thorough clear out at home and sell what you don't want individually on e-bay. I keep promising myself I will do the same.

Anyone want to buy an unused decent set of golf clubs? ;)
 

ianrauk

Tattooed Beat Messiah
Location
Rides Ti2
I once sold a very rare CD on ebay. Didn't know it was rare (it was never actually issued) put it up for a quid. Sold it in the end for £360 odd quid.
 
OP
OP
e-rider

e-rider

Banned member
Location
South West
How about a thorough clear out at home and sell what you don't want individually on e-bay. I keep promising myself I will do the same.

Anyone want to buy an unused decent set of golf clubs? ;)

Already done that and apart from the bikes I have nothing left!
 

darkstar

New Member
Play poker. Read poker books. Watch poker on TV. You will soon learn about the game (5 months) and will be able to earn $1k a month pretty easily, more if you invest the time. GLGL.
 

Howard

Senior Member
One idea I had was getting down to the local £1 shop; eyeing up some potential bargains and listing them on ebay for say £3-£4 a pop (without actually buying them first) as they sell (if they sell) get down the £1 shop and buy the required amount - sound any good?

If I sold 15 items per day that would be about £35 per day profit.


Given the prices people will pay on Ebay I think you are on to a winner here :smile:

The other day I was bidding on a used camera - a Panasonic LX3. These retail for around £280. Less now that the LX5 has just been announced. Some chump paid £240 for it, used!
 

benb

Evidence based cyclist
Location
Epsom
Just be a bit careful that the items you clock in the pound shop don't sell out between then and the end of the auction.
Other than that, sounds like a great idea. Good luck.
 
OP
OP
e-rider

e-rider

Banned member
Location
South West
Just be a bit careful that the items you clock in the pound shop don't sell out between then and the end of the auction.
Other than that, sounds like a great idea. Good luck.

Yes, I had considered that problem - auctions take too long for making just a couple of quid per sale. You can list a 100 items for buy-it-now for a one-off fee of just 40p for 30 days. That's just 0.004p per item if I sold all 100 in 30 days - ie. essentially free listing!
 

ChrisBD

New Member
I'm seriously skint!

I have some time to invest, perhaps 5 hours per week.

How can I make some decent cash?

One idea I had was getting down to the local £1 shop; eyeing up some potential bargains and listing them on ebay for say £3-£4 a pop (without actually buying them first) as they sell (if they sell) get down the £1 shop and buy the required amount - sound any good?

If I sold 15 items per day that would be about £35 per day profit.

If making money was that easy the World would be doing it.

I'd be careful; it may sound good and indead simple but there will be q's you need to answer first.

Ebay fees?
Paypal fees?
Postage and packaging fees?
Availability of stock at the £ Shop - once you've advertised and sold a specific item, there is no guarante it will still be in stock
There is also the ethical dilema of selling something you do not own
Selling in bulk qtys is one option; but what about stock, even more risky?
Number of "live" auctions needed to generate a daily hit / sale rate of 15 items?
TAX???

Oh; and why would anyone buy an item off you via Ebay for a 200% inflated cost to what they can buy it for on the High Street?

Maybe take your idea and re-mould it slightly.

Think of reasons why people buy things (in bulk or as sets) and maybe try and source component items cheaply via £ Shop or similar and sell them on Ebay as a mad-up set. Multiple items, set, etc = higher price.

Think of ideas like children going back to school; haloween, 5th November, childrens parties etc etc

Or alternativly look at the bulk stock clearence sales on Ebay and consider this route; buy cheaply in bulk, sell individually at a higher unit price - either on Ebay or car boot sales etc

I think you need to be prepared to "invest" a few £ into stock otherwise you are leaving yourself wide open to fail - not that buying stock is a guarante either.

A simpler option may be to look for an evenings bar work at your local
Write a few articles for a local rag or magazine
etc etc
 
Top Bottom