Having a strong base knowledge in many areas of study is an integral part of becoming a successful eBayer. I’ve always found it amazing how sellers can become experts in certain fields – dinnerware, Depression glass, vintage dolls, costume jewelry, WWII military jackets. Many sellers have even taken to creating eBooks in order to share their extensive knowledge with others (take Lynn Dralle for example).
And all that is fantastic. But a lot of times it just comes down to luck.
Take the small dinnerware set you see below. This is a 12 piece set from Burgess & Leigh in the Blue Bird pattern. It has a floral theme with birds all over it. Blue and white is one of the most popular color schemes you can buy, so it was worth taking a chance on. Plus, they were in great shape – no chips, cracks, or crazing. They were stamped with the maker, too, which is always a plus. We had six dinner plates and six rimmed soup bowls.
We got the set for $37.50. That’s only a little more than $3 per piece. After consulting Terapeak, I decided to put it up at $69.98, including shipping. It wasn’t going to make us a huge profit, but I couldn’t find a whole lot of information about this set. Sometimes that’s a good thing – it means it’s rare and people don’t get a chance to get their hands on it all that often. Other times it can be a bad thing – meaning that most everyone else knows not to bother listing it.
In our case, it was a very, very good thing.
We sold this set for $152.50. That’s almost $13 per piece and we were able to quadruple what we originally put in this. The best part? The plates went to New Zealand (wow!) and they paid for Priority Mail International shipping, which totaled just about $100. I LOVE when the buyer pays for shipping and we don’t have to deduct that amount from the price we sold the item at.
The moral of this story is to try to wear as many hats as you can fit on your head, but be sure that you’re willing to take risks, too. Sometimes they really pay off!