Please note: Revenue totals and Sales online include those items from The Reseller Challenge and do not include sales from my other eBay/Auction/Marketplace accounts, do not include domain name parking revenues, domain name sales, website sales, website product and service sales or advertising and referral monthly revenues accrued by ByteCash Media LTD during this 30 day time period.
I am sorry that this challenge was not more “challenging” and I did not have a chance or the need to post status updates as it was a very quick $10k+. I will be documenting, describing and giving a step-by-step overview of how to make a quick $10k in a month in the members’ video section of the main www.ereselling.com website. I have been advised that I have been giving away too much information free of charge. Membership is only $50 for 3 months and $20 for each additional 3 months so if you can’t afford that I recommend you make some lifestyle changes because it is just sad as I can teach you how to make as much money as you need a month if you’ll let me.
Anyway, not to get off topic but I just can’t help those who don’t help themselves and when you have to pay for information and education you will pay attention, follow through and take it seriously.
I completed the first reseller challenge which was to earn $10k profit in one month buying and reselling inventory throughout online marketplaces and venues. I really did not need to use many sources as I said in my last update that I had hit a homerun with the uncut trading card sheets which accounted for $7200 alone. After I made that sale I really kind of felt bad because I made this all look to easy but the point is, if you apply yourself and take calculated risk and get off the couch good things will happen. In the past I have had monthly profits of $53,400 – $38,291 – $31,229 – $27,478 to name a few of my record months and that was mostly due to putting myself in the right places at the right times. For instance, I had acquired on consignment a lot of about 5,000 original National Geographic Canvas Map prints (many duplicates) from the very beginning of National Geographic with the negatives used to create them and had one individual collector pay $33k and another $7k for some bulk purchases and made over $1k a day selling the rest online at 50% commission per sale.
One of the problems I had with this specific challenge was that the eBay account that I setup to use for this site and for general ereselling education/teaching/experimenting was created last year and has a limit of $10k a month in total sales and items for sale. I do have a main eBay account but was not going to use it as deciphering drop ship sales and other merchandise from this challenge would have been a nightmare. I did however use a backup account that I have to complete one sale for $750. Below are screenshots for the challenge to show what I am talking about and what held back a lot of potential income. I currently am still holding onto about $10k in inventory that I have not yet tried to liquidate anywhere from the challenge.
Restricted by new eBay Account: (This is a shot from halfway through November, 2011 and I was already limited – lol)
CHALLENGE TOTALS BELOW (not accounted for fees/shipping yet):
Direct Buyer of 24 Uncut Trading Card Sheets: $7200
Total Items Listed on Amazon : 254
Total Gross Sales on Amazon : $1190
Total eBay items listed: 239
Total eBay Sales: $6582
Other backup eBay Account used to sell a few items at the end:
For what I sold and how to sell elsewhere both online/offline I have reserved videos, stats, items and howto’s for those involved in the bet and for people purchasing my book and ereselling.com members only!
Bolky.com Direct Website Sales: $711
Bolky.com Mailing List / Personal Collectors Mailing List: $1427
Facebook Marketplace: $700 (One bulk purchase from one buyer – see members Video)
Gunbroker.com : $224
Sports Trading Card Shop: $550
Antique Dealer Shops: $575
Music Store: $75
Estate Auction Sales: $127
TOTAL 30 DAY GROSS RESELLER SALES: $19,671.00
TOTAL 30 DAY SPENDING: $3107 (SLIGHTLY OVER BUDGET)
TOTAL 30 DAY TIME SPENT: 64 HOURS (Buying, Listing/Promoting, Shipping/Dropping off)
TOTAL 30 DAY GROSS HOURLY EARNINGS: $282/HOUR
My typical hourly rate from reselling is usually between $75-$100/hour so these results are not typical – just a great month where I applied myself and had some luck!
These are just GROSS SALES results as of now, I will pay my accountant to crunch the fees and other numbers – no way I’m wasting my time on that!
If your serious about making money online and ready to put up the same types of sales numbers I’ve written you a book, made you online video tutorials and created an entire directory for success all layed out for you!
In fact i’ll even let you try out my site for 60 DAYS and if it doesn’t change your life I’ll give your money back no questions asked!
Try it out now and sign-up