Friday, July 28, 2006
Caught UP!
We are caught up with the bills that are not all due until the 7th of next month. Both of our rents are covered. Ebay is working its magic on our finances. We are getting slightly ahead financially. This is a good feeling.
Do you listen to what I am saying and think about it in relation to your situation? Could you do the same as we are doing and earn extra income? This is the reason I am writing about all of our challenges and solutions. I want to let you know that it can be done. We do not have to be internet gurus to make money online. We just have to apply ourselves and work toward a goal.
Selling on Ebay is what is saving us and it is easy to do. Our strategy is to list items at higher prices and if they do not sell list them lower. I listed a microscope at $199.99 and it did not sell. I relisted it at $99.99 and it sold. It may have sold at $199 after being listed a couple more times, but you never know.
I have a number of things that we will now drop the price of. There is no sense in keeping relisting and relisting things that are not selling at the asking price. LOWER THE PRICE and move the merchandise. Stores do it all the time and call it a SALE.
All of what I have is old inventory and I can sell it an any price and make a profit. When it was purchase, we bought our inventory in lots. Each lot had a few pieces we really wanted and made our money on. Everything else was just gravy. We are now selling off that gravy. It is not as valuable as the things we really bought the lot for, but they are sure paying the bills.
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