Experimental flipping goods. Worth it??

[FlorinCollector]

Hi so just wanted to share my attempt at buying something and trying to flip it for profit. 

So this was my first attempt and it started well but ended in a loss sadly.

The product I tried was Frylight garlic oil. This was because through scanning some items I seen that I could buy frylight for £1.50 and it was selling for £5 on ebay. Thought this could be a good product to use continuously. 

Within 2 days the product actually sold and here is a breakdown:

Sold for: £5.00

pruchase price: £1.50

paypal fee: £0.37

ebay fee: £0.50

delivery fee: £2.90 for 2nd class

in total making a loss of: -£0.27

luckily i bought 2 and manage to sell one to my mum for £2 which is not sustainable ? so that meant i just turned profit. 

(I would not sell to my mum on a regular i am not a scumbag, this was a one off and i joked and she gave me the money.- just incase you thought that.)

so yeh have you guys got any experience trying this sort of thing as I don’t think i will continue as you need to add up all the costs beforehand to even attempt to break even. 

[ilovesilverireallydo]

I do this on several sterling silver stuff I buy from auctions or scrap dealers. I average buying prices of £0.65 per gram and sell for around £1-1.20 

Helps me turn sterling silver into Britannias

Sometimes you get really lucky - I bought some silver ingot charms around 6-8 grams and then sold them for £1.50 a gram. 

[shawy2510]

I always work out - Ebay fees before buying anything if I know I am going to flip so that I know I am making something even if it is only small. Another thing is to always charge postage on top.

[austack]

I know people who do 'drop shipping' can make a profit if you have Amazon Prime and get deals etc...

[FlorinCollector]

25 minutes ago, austack said:

I know people who do 'drop shipping' can make a profit if you have Amazon Prime and get deals etc...

I did think about drop shipping and the idea seems like it could work well. I have seen a lot of ads for people doing it which made me think it would be quite saturated.

always worth a go  

45 minutes ago, shawy2510 said:

I always work out - Ebay fees before buying anything if I know I am going to flip so that I know I am making something even if it is only small. Another thing is to always charge postage on top.

In future i will 100% do this. I just didnt realise the shipping would have been so dear for 2nd class small package :/

[FlorinCollector]

And of course once i have sold a few items i now recieve a message from ebay with £1 sellers fees ?? great luck

[metallica73]

Drop shipping can kill your ebay ratings if it goes wrong because you're relying on a third party to ship.

For me at least its far more worthwhile flipping silver or even numismatic coins on ebay.

[ilovesilverireallydo]

19 minutes ago, metallica73 said:

Drop shipping can kill your ebay ratings if it goes wrong because you're relying on a third party to ship.

For me at least its far more worthwhile flipping silver or even numismatic coins on ebay.

yeah me too. And gold when the £1 deal is on

 

[CarlosSilver]

I used to make good money buying football programmes in bulk and selling the good ones individually on eBay. Then I would sell the worthless ones in bulk.

Best individual profit was about £80 for a programme that cost 10p but I would regularly double my money from the bulk buys.

The time and effort it took meant I sacked it off in the end.

[FlorinCollector]

51 minutes ago, MrGeorge said:

Good money in selling trainers nowadays have a mate who makes a pretty good living doing it. Trainers like adidas yeezy retail for under 200 and sell from 400-1000 

I dont know a lot about shoes but I have tried to buy and sell yeezys a few times and everytime i have sat and i think the bots have won all the shoes before i refresh the page :/ 

[Cacc]

Seems the only way with your numbers to turn a profit is to make the listing for multiple pieces. Delivery fee is the killer as that is more than half of what could be profit, but if you sell in a lot of two then you are in the black by a few squiggly L's. Get someone to buy 10 in one go and you are laughing.

[Elements]

3 hours ago, MrGeorge said:

Good money in selling trainers nowadays have a mate who makes a pretty good living doing it. Trainers like adidas yeezy retail for under 200 and sell from 400-1000 

Who buys these?! That’s like upto a gold ounce! ?

[Scuzzle]

About 10 years ago now I made insane money on Ebay selling mobile phones, Nokia N95's mainly.  I would buy 2x faulty N95s, one with a broken screen and one with any other fault but a decent screen.  I would make one fully working phone out of the two and sell it back on Ebay usually making a profit of £80. If I could get a phone that looked in really good condition I would also buy the box and accessories off Ebay for £5 just to make it look the part, this could add anything from another £20 - £60 on the price.  After a while I had enough spare phones to fix just about any problem.  On my worst week I sold 2 and on my best week 18 but usally 8-10 a week was normal.  Then phones went all sleek and complicated and I had to chuck it which made some difference to my disposable income.

[mrbritish1976]

Used to run an online gun shop and also a site selling fancy tea and coffee beans

Made a good living.

Find the right product at the right price

wholesale and it can be well worth the efforts

[Roy]

I've got some Adidas Cheezys I could do for a monkey if any interest

Don't do eBay 'cos I is banned like

[JunkBond]

9 minutes ago, Roy said:

Don't do eBay 'cos I is banned like, innit

[oliversw5]

You can buy and sell any product. Master the product knowledge and you are onto a winner.

Don't ever be too reliant on one supplier mind you.

[vand]

I think the word used to describe people who buy and sell stuff is, which is... TRADER.

Like it or not that's what you are.

Just like any venture, there is a skill to it. You have traders who are successful and manage to turn a profit, and many who are not successful and don't make any money from it.

[FlorinCollector]

2 hours ago, MrGeorge said:

This is the next sneaker release you want to get https://sneakernews.com/2018/02/19/sean-wotherspoon-nike-air-max-97-1-release-info/

 

they are selling the now on resale for around $1000 so if your lucky enough to get a pair next month on release its easy money 

Ill keep an eye out for these then and give it a try

[austack]

How are people already selling these? the release date is late March so not sure how unless they are out early in the US?

Edit: Not sure these will be good to flip, they are selling at retail on eBay sold listings...

[austack]

I will post some links here;

https://www.ebay.co.uk/itm/Air-max-97-1-sean-wotherspoon-Size-uk-9/112779337021?hash=item1a422c1d3d:g:o6kAAOSwXMZabIq0

https://www.ebay.co.uk/itm/Nike-Air-Max-1-97-Sean-Wotherspoon-Uk-7/162905641468?hash=item25edeed1fc:g:yoUAAOSwceNah023

https://www.ebay.co.uk/itm/Nike-Air-Max-1-97-Sean-Wotherspoon-Uk-7/152918516242?hash=item239aa76212:g:yoUAAOSwceNah023

https://www.ebay.co.uk/itm/Nike-Air-Max-1-97-Sean-Wotherspoon/282853941292?hash=item41db68a02c:g:OV8AAOSw2H5ahWZY

The last link they sold for £31 so I am not sure if they are a good buy.

There's more links but you get the idea.

Edit: After reading the descriptions they all say something along the lines of they were a gift so not sure of authenticity so to me they are fakes... plus I have seen some bad feedback from the sales, they may be a good buy after all.

[FlorinCollector]

27 minutes ago, MrGeorge said:

Come on man are you serious there clearly all fakes lol and people who buy expensive sneakers tend to stay away from ebay they go to well established re sellers or use apps like goat and stock X and there still selling regularly for $1000 so  i stand by my original post there a great buy to sell on for at least x2 x3 your money.

That goat app is great. Sometimes enjoy just scrolling through.

[austack]

Any interest on the THE TEN: AIR JORDAN I off whites? they are coming out on the 3rd of next month and have even better resale value.

[FlorinCollector]

3 hours ago, austack said:

Any interest on the THE TEN: AIR JORDAN I off whites? they are coming out on the 3rd of next month and have even better resale value.

Ive never managed to buy anything off white but i love the brand and almost everything virgil does sells out. So i think that would be one to watch. 

[austack]

Yeah I have put my name forward and entered in to the raffle for them on 6 different websites and so has my girlfriend so fingers crossed.. I think they will be £400+ on resale, been doing a bit of research and now I am wanting to buy myself a new pair of shoes...

These ones... lol http://www.consortium.co.uk/adidas-originals-nmd-cs1-gtx-primeknit-core-white-core-white-core-black.html

Waterproof is cool for the weather we have plus easy cleaning.