eBay Update: This is not going to make me rich!

At the rate I'm going, this could be a process I don't stick with long, though I am committed to working the eBay angle for awhile.

Here's what happened with my first bunch of CDs.

1.  I submitted a set of 4 Blogging CDs as well as each one as a separate item.

2.  The 4 pack sold for $5.50, well below my cost to produce them, but I guess $5 is better than $0 and having them sit in my closet.  Additionally, I am including marketing material in the package so there is potential for attracting the buyer to be a longer term client.

3. Since I have a lot of these 4 packs, I made a "second chance" offer to the other other person who bid on the CDs.  In the meantime, she had bid on one of the single CDs and won it for $1.  We have communicated back and forth and I'm sending her both the 4 pack and 1 extra CD that wasn't offered for a total of $6.

4.  I have relisted all the CDs, both the 4 pack and the 4 singles.  Time will tell if I'll do better with this batch.  Right now there is a $1 bid on the 4 pack so these are a steal.

The time I'm spending on this for a minuscule return concerns me.  However, I am learning some valuable stuff and I want to look into some of the tips for making more sales on eBay.

Comments

[John Trosko]

Hi Denise,

It's great to hear about your eBay adventures. One thing to note: It's the "Holidays." Folks may not be interested in business blogs right now, people are focusing in on juggling their gifts and family (not to say they wouldn't buy the CD's as gifts... a friend of mine just made out big time waiting until this month to sell her heirloom china. It was perfect timing and she made a killing. But keep trying, the right time for you may be approaching in January.

[Shirley George Frazier]

I buy the old editions of my books from my publisher each time a new edition is published. I could do the same as you've tried - sell the remainder books through Ebay - but I'll get the same low rate of return.

Instead, I make my books part of a one-night adult school class curriculum and make a 500 percent return on each book. After two hours, I walk out with an average $400 in cash. Perhaps creating an adult school class on a topic that relates to the CDs is a better option for you.