Many make a living selling on eBay
Anyone with a computer is bombarded daily with messages like these: Work from home. Be your own boss. Quit your day job. Make a fortune on eBay.
But can you really make eBay pay?
There are billions of dollars to be made. Nearly 95 million eBayers sold about $7.5 billion worth of goods last year and racked up $2.17 billion in revenues for the auction site.
And a growing number of people are making a living exclusively, or nearly exclusively, by selling on eBay.
Bill Haefer is one. Haefer had a shop called Decades on Capitol Hill when he started selling on eBay about four years ago. He's since shed the shop, finding that it's more profitable to sell his antiques and collectibles full time on eBay.
"No antique dealer makes a great living. It's a hobby industry. But I'm making a living, like $35,000 a year. I work seven days a week, probably six to seven hours a day."
He first tried eBay to market certain kinds of pottery he knew were more popular on the East Coast than here, after hearing about the strategy from other antique dealers. "I had a few pieces worth a couple hundred dollars that sat for months here. I put them up on eBay, hundreds saw them in a couple days and I started getting bids."
Nowadays he sells to people all over the world.
He still rents a space in the Pacific Gallery Antique Mall in Sodo, where he sells mostly "affordable '50s furniture," because "you can't sell a $250 dresser on eBay; the shipping is too much." But his overhead still is much less than when he had the shop.
One of the keys to successful selling, he said, is "having key words in the title so people can find the darn thing; 'pretty blue vase'" is not going to do it.
Kathleen McClanaghan-Gruhl is a former stockbroker who has found in eBay an outlet for her passion for bargain shopping — and a steady income.
"I love it. I can shop as much as I want and my husband doesn't mind," she said. "I think I am making a lot of money. ... It goes straight into my PayPal account and then into my checking account."
McClanaghan-Gruhl had retired young but wasn't ready to stop working entirely. She began dabbling on eBay after the Sept. 11 terrorist attacks put commerce on hold for a time and left her in her office wondering how to pass the time. She turned to her computer and logged on to the global auction site.
She was hooked.
McClanaghan-Gruhl also has bought wholesale lots on eBay, reselling them with some success. Less than a year ago, she purchased 750 pairs of flamboyant flip-flops. They've sold steadily and she now has only about 20 pairs left.
Other than an eye for a bargain, a sense of style and a way with words, her only other requirements are a computer with Internet access — preferably high speed — and a digital camera to photograph her wares.
So what should you sell on eBay?
Fred and Becky Hussong have settled on mostly software products; some they write themselves and others they buy from eBay wholesalers and liquidators.
"We haven't found the miracle that would make us millionaires overnight," Fred Hussong said, but they are eBay "power sellers" with sales hovering around $10,000 a month. Last month, they did $12,000.
They're going to an eBay gathering of wholesalers and liquidators in Las Vegas in June in hopes of making more contacts.
As with any business, there are pitfalls. Not everyone is enamored with eBay.
"Not only did I have to spend time creating the auction, I had to worry about figuring out shipping for the winner and that wasn't so simple," said Laurie Christy, 33. "It turned out to be more time than I wanted to invest."
But the beauty of eBay, said Hussong, is the sheer volume of potential buyers.
"If you have a garage sale, you might get 20 people," he said. "On eBay you have the potential for 20 million."
Information from The Seattle Times staff is included in this report.
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