Weekly Update 23rd - 30th April 2012

Monday

£0.45

Tuesday

£0.00

Wednesday

£0.30

Thursday

£0.05

Friday

£0.00

Saturday

£0.00

Sunday

£0.00

Not much happening this week, poor eBay sales but I sold my chinos today which will be included in next weeks update.

  

Funds Added:£0.80

Total Fund: £77.46 (Need to do a count up again)

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eBay items

Hey guys, I've got two items currently on eBay which are...

H&M Grey Chinos 30R-32R  this is a fantastic deal, there in great condition.

Wickes Victorian Scroll Style Polished Door Handles not even opened them.

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eBay: The Basics

eBay has been around for years and i'm sure practically everybody reading this will have heard of it, For those who haven't heard of it I shall explain, eBay is an auction site where users buy and sell items across the interwebs.

Now the question is how do I start well firstly you create your eBay ID, this allows you to buy and sell items. The second step is to setup a PayPal account this is the most common way to pay for products on eBay, It is a secure website where you can link your credit/debit card too or deposit funds into your PayPal account.

Buying on eBay - to buy on eBay you have to bid on items (unless the buy it now option is available)  each item has a time until the auction finishes e.g. a week. If you really want an item just click add to watch list (this will watch the item until the auction runs out) and wait for the time to near its end, this is the best way to buy because bidding early on items raises the price if there are more than one interested eBayers. All searches on eBay can be refined using the left hand side toolbar where you can change the maximum price of the product displayed etc.

Selling on eBay - this is what most people are interested in, making money. You have to make sure that you have a good quality item you're willing to sell, whether this be found in your house or bought from a garage sale (car boot sale for UK’ers) you need to make sure that the item is wanted.

How do I know if item will sell?
This is the most commonly asked question, to find out search the product you're going to sell. e.g. dog chew toy and select the completed listings option located on the left hand side toolbar, this will show you the recently ended listings, if the price is coloured red then the item hasn't sold if its green than it has. Now there may be a lot of unsold listings don't worry about this can be due too a lot of different factors for example postage costs, too expensive, damage etc. Always check the listing for any of these signs that put buyers off.

Selling Rules:

1. List items professionally - no spelling mistakes or bad pictures.
2. ALWAYS include a picture, people don't tend to buy things they can't see.
3. Start the bidding low - if you're selling an iPad and list it at £0.99/$0.99 it's going to catch peoples eyes.

P.S I will do future eBay tips and tricks (just the basics for the moment)


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Weekly Roundup 16th - 22nd April 2012

Monday

£0.40

Tuesday

£0.80

Wednesday

£0.00

Thursday

£0.00

Friday

£0.50

Saturday

£0.10

Sunday

£21.00

This week has been good to me, with spare change being thrown in over the week and then on sunday my eBay item (Xbox 360 Steering Wheel) sold for £21.00 when I bought it for £12.00 thus giving me a profit of £9.00. I also had £4.81 left over in my PayPal account so I will contribute that to the fund.

Total: £14.41

P.S I will change the fund picture on the right hand side monthly :D

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Door Handles

I have now got some victorian style door handles on eBay check them out here Victorian Door Handles

P.S the xbox 360 steering wheel ends tommorow :)

WorkFlowy

This is a fantastic tool for organising things, so simple and clear.

I found it out from Mo' Money Mo' Houses article

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Bet & eBay

I finally had my winnings come through all of £3.25 so that puts my losses at £6.75, I've added £1.20 so that puts the stake at £44.70 due too the purchase of the steering wheel which cost £12.00.

The Xbox steering wheel is on eBay here: Official MicroCon Xbox 360 Steering Wheel with Pedals

Profits:

£3.25 (bet)

£1.20 (change)

Losses:

£6.75 (bet)

£12.00 (Investment Item)

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Xbox 360 Steering Wheel

Its upon eBay please check it out :)

eBay Link

Investment

I have taken a bit of time to try and earn some more money off of the money I already have collected. I 'invested' £10 into the Grand National which for those who aren't familiar with it is a very popular horse race held at Aintree. 

I bet on 5 Horses (all each way):

• Seabass
• Becauseicouldntsee
• Shakalakboomboom
• Midnight Haze
• Swing Bill

I put a £1 on each horse and with the bet being each way it doubled it too £2 a horse.

I should get some return because Seabass finished in 3rd place but other than that no winners :(

I also went to a car boot sale today and bought an Xbox MicroCon Steering Wheel for £12 heres a picture...

This will be going on eBay soon so heres a link to my eBay account and if your interested check in the next couple of days.

Ebay

Lil' Contribution

Firstly I apologize for the blog title sounding a bit like an American rapper, anyways I have added £1.45 to the fund from change I found around the house.

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Annoying Traffic

I have realised how hard it is to have people browse at your blog, I have tried to boost traffic by making a twitter account which, so far has been a disaster because of my lack of followers. Traffic is more like a marathon than a sprint and I hope to get gradual increase in visitors and followers soon.

There are 3 ways to improve traffic:

• SEO (Search Engine Optimization) this is a way of optimizing your position when searched for on a search engine, a blogger can improve this by writing more content, back-linking etc.

• Social Networking this is very good at spreading the word and the best social networks have to be Facebook, Twitter and YouTube.

• Word of Mouth, probably the most simple technique is just to tell everybody about it. 

Money, Money, Money

I have been saving silvers (5p,10p,50p) and a few pound coins for a few months beforehand. I counted it all the other day and it amounted to £60.80 which is brilliant for a first installment. 

Total: £60.80

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The Start

Hello, I am Jack Cooper a run of the mill 16 year old from Worcester, England. I figured that everybody seems to have a blog these days, so i'm gonna figure out the hype around them. My aim for this blog is to MAKE MONEY not £1 million in 5 minutes, no I am going to be saving money through anyway I can and hopefully earning some along the way. Soo it begins....

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