Welcome to my Third Side Hustle eBay Income Report
Late last year I decided to try and work out how to earn a little extra income online. My first adventure in this whole side hustle movement was to try my hand at selling a product on eBay. My hopes for my adventures in side hustling would be to earn an extra $1000+ a month that I could use to invest in shares or save for that all elusive house deposit.
Since I already work so many hours in my "Real Job" business I didn't want to use up too much of my precious down time. I really wanted something I could do in the down times at work or spend an hour or so after hours to make it work. Luckily I had just the product and there's a market ready for it. Yay.
Why Am I Publishing My Tiny Side Hustle Income Reports?
I want to share this experience with you and maybe my experiences will help you in deciding whether or not you would like to pursue an online side hustle. So far my experiences have been happy ones and I am glad that I have tried it.
Already I am looking into increasing my side hustle adventure into different avenues. I would like to start another side hustle / product and sell on Etsy and this site. I am still working out the details of these other ideas. But I am hopeful soon to share something new on this blog and on Etsy.
- Achieve $400 in sales Complete!
- Schedule 3 weeks of listings Failed
- Run a FB competition to get more likes and shares on my Page. Failed
- Organize my inventory, sales and COGs spreadsheets and keep them updated. Failed
- Use Pinterest to try and drive sales Failed
- Add an about the seller paragraph in the listings and see if that helps encourage sales. Failed
Things I learned last month
1 Scheduling listings really helps sales when you can’t make the effort to promote your business. I managed to achieve 35 sales this month, which is incredible since I put very little time or effort into my eBay hustle this month. I started out the month with good intentions to really hit my goals. But with all of the personal life stuff this month I just couldn’t find the energy to put in the time and effort I wanted.
2 I need to find a simple way to list and schedule all my items so I am not listing all the same 5 listings and missing the other 50 different listings.
3 My net profit is approx. 48% of the sale price. Approx. 20% of the sale goes to fees and 30-32% goes to materials, packaging and postage costs.
March - Sales
FB Page $14.50
Total Sales $539
January – Sales
Total Sales $200
February – Sales
FB Page $14.50
Total Sales $323.00
1 Achieve $600 in sales
2 Schedule 50 listings
3 Take time to think about my side hustle project and what I want to do with it.
If you are interested in starting a handmade side hustle a good place to start would be opening an Etsy shop. While I encourage people to get their own site, Etsy is a great place to start and test the waters with your products.
When you are ready to really build your handmade business I recommend getting your own site. Buy your domain as early as possible to secure your brand name.
However if you are serious about creating your handmade business you should read my post about starting your blog + Biz with shopify. I highly encourage you to establish your own website and build up your brand as early as possible.
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