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Amount needed for an eBay startup?

Discussion in 'Start-ups & Business Advice' started by 1aleem, Oct 23, 2017.

  1. 1aleem

    1aleem

    Joined:
    Nov 23, 2015
    Messages:
    3
    Sorry if this question has already been asked a over an over.

    I wanted to ask how much what is a reasonable amount of money somebody would need to start with in order to make a full time income from an eBay business?

    I had a part-time ebay business some years back which flopped, due to lack of funds at the time , but I'm looking to start again.
  2. Cody

    Cody

    Joined:
    Feb 17, 2016
    Messages:
    1,220
    Hmmm very difficult to say. It all really depends I guess on what your budget is for the product/s you're purchasing in order to resell. Some stories I've heard of people starting with £50 and got a bunch of cheap but popular products and made a good markup of it to re-invest in more of the same.

    What would you like to look at selling, category wise?
  3. 1aleem

    1aleem

    Joined:
    Nov 23, 2015
    Messages:
    3
    Sports/hobbies and leisure is my previous niche but to be honest I'm open to anything really, as long its not too large and/or bulky. :)
  4. Erik

    Erik

    Joined:
    Sep 26, 2012
    Messages:
    2,588
    If that is the case, it would be best for you to start off with items that have a fast turnaround. Simple items that are frequently needed by people and could be bought in a regular basis. Look around the house, see some items that you think are frequently bought and used. Surely these small items do not need a huge capital to sell, and with fast turnarounds, you could end up saving a lot to purchase bigger items.

    I also remember before that a lot of teeth whitening pens have been sold out here in our marketplace. Things like those could be worth some time to look at.

    All the best!
  5. manishp100

    manishp100

    Joined:
    Nov 19, 2008
    Messages:
    287
    All depends on the cost of the items.

    If you buy golf balls and sell them indivdually you may only need £50/100 to start small and get you off the ground. Now if you sell kitchen tables and sofas.. then youre looking at thousands of pounds.. its all relative to the product costs and quantity of stock you want to test out.... and also how much you are willing to invest
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