Easy Money on Ebay?

Ebay was only two years old when I discovered it.

A friend I worked with was also starting to sell on Ebay at about the same time, and we exchanged ideas and experiences constantly. Since we were already working together on our Ebay ventures, we decided to combine our resources into one company and grow it while we were still both working our regular job. We found our niche selling technical books and manuals as our little company began to grow and prosper. Our co-workers at the company we worked at during the day came to consider us the "Ebay Experts". We were answering questions about online auctions on a daily basis, but one coworker had the same comment every day.

"Hey, show me how to make easy money on Ebay!" he would ask. It became a standing joke between My partner and I that usually came up around two or three in the morning during a marathon packing or email answering session. One of us would look at the other and mutter in a disgusted tone "Yea, Easy money on Ebay.."

In January of 2002, we had more sales, and more auctions running than ever before. We were looking at 100 to 150 auctions a day closing, and enjoying a sell-through rate of close to 75%. Our shelves were piled high with books and manuals, the shipping area was well stocked with supplies, and we were ready for long hours of fulfilling our orders.

Then, as if fate stepped in to see just what we were made of, a huge ice storm hit our part of Oklahoma taking out large sections the electrical grid. It doesn't take a rocket scientist to figure out that online businesses can do without many things, but electricity is NOT on that list! On the third day of the blackout, we were able to learn from the radio (battery powered) that it wasn't just our area, but over HALF the state of Oklahoma. Worse yet, the damage was so extensive it was going to be at least TWO WEEKS before power was restored! A quick calculation and we almost panicked. We would have over two THOUSAND AUCTIONS END, and no way to contact the bidders! If we didn't keep up with the sales, payments, and shipping on a daily basis, we were in deep trouble... We couldn't imagine what a mess it would be in TWO WEEKS!

The fourth day into the blackout, I made an executive decision. I grabbed the company checkbook, and headed for our closest Lowe's Home Improvement center (about 70 miles away..). The little roadtrip turned into quite the adventure. Strange thing about a massive blackout is gas stations can't pump gas without electricity, and you are burning gas while you are driving around looking for a gas station that was open for business. I was running on luck and fumes before I finally found a station and filled up. With a full tank of gas, I made it to Lowe's and purchased a generator. We assembled the generator in record time, put oil in the engine and then realized... Uh Oh, we need gas for the generator. No local gas stations were open for business, and we didn't want to risk another road trip. Using an old trick I hadn't used since I was growing up on a farm, we were able to get enough gas out of my pickup truck to fuel up the generator.

The little generator fired up on the first pull, and with the help of a few extension cords and power strips, we had a computer network up and running at My partners house. It was then we made another interesting discovery. Cable internet connections do not work without electricity. I had a DSL internet connection at my house, so off we go with a partially charged battery in my laptop to test my internet connection. SUCCESS! DSL works off the phone line power so it was still functional. We made a quick drive back to My partners house to tear down the computer network and load the generator, then back to my house to set it all up again. At 4:30 the next morning We had the network online and a couple of lamps for light. We were self-contained, and open for business. Now we could get to work, and so we did, for the next straight 48 hours. We had a pickup truck load of packages ready for the post office when it hit us, "Is the post office open?". A quick phone call ( by the way, cell phones and cordless phones are useless during a blackout. The simplest plug-it-in-the-wall phones work great.) found us with another problem. Our local post office was closed (no electricity there either.) They did tell us the regional USPS hub had power, and was open 24/7. The bad news is, the regional hub was 75 miles away in Oklahoma City!

Meanwhile, back at the fuel issue... We were relieved to discover that two local gas stations had rented generators and were open for business. We gassed up and headed for Oklahoma City. With the load of packages on the way to customers and most of the other urgent tasks completed, we took a much needed break. We shut down the network and use the generator to power an electric griddle and make a hot meal. The little generator wouldn't power both at the same time without throwing it's breaker.

For the next two weeks, that poor little generator ran constantly keeping the computers running and the shipments going out, the questions answered, and our customers happy. Every other day I would make the 150 mile round trip to the USPS hub in Oklahoma City, stopping on the way back to fill the gas containers for the generator, and fuel up the truck for the next trip.

One evening we took a short break, and stepped outside for a breath of fresh air. We noticed something different.... THE STREET LIGHTS WERE ON! I ran inside and tried the lights... ELECTRICITY!

I went next door and asked my neighbor how long the power had been back on. "Oh, about four or five hours..". We had been so wrapped up working in our self-contained office, we hadn't realized the power had come back on! With our ordeal behind us, we couldn't resist the temptation to elebrate with a cold beer and a toast...

"Here's to "easy money" on Ebay!"

KL Bohn is an Industrial Engineer with a passion for technology and especially Ebay.

Ebay was only two years old when I discovered it quite by accident. 7 1/2 years, and over 85,000 transactions later I'm still hooked on Ebay as a seller, buyer, and shareholder.

In The News:


ABC News (blog)

SEAL Auctions Bin Laden Raid Knife for Fallen Friend
ABC News (blog)
A member of the elite team that killed Osama bin Laden donated a knife he carried on the historic raid to a charity auction recently, raising $35,400 for the family of another Navy SEAL who perished in a training accident in March. Mark Owen, the ...

and more »

Telegraph.co.uk

Rare Beatles guitar sells for $408000 at Julien's Auctions Music Icons Event ...
Art Daily
Martin Nolan, Executive Director of Julien's Auction's, holds a rare Vox guitar, played by Beatles John Lennon and George Harrison, built by Mike Bennett and Dickey Denney which was gifted to “Magic Alex” Mardas by Lennon in 1967, during a press call ...
Beatles' guitar auctioned to the tune of $408000Yahoo! Movies (blog)
John Lennon's guitar sells for $408000BBC News
Beatles guitar fetches $US400K in auctionDeccan Chronicle
Irish Examiner
all 12 news articles »

Treasury Auctions Set for This Week
New York Times
The Treasury's schedule of financing this week includes Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. At the close of the New York cash market on Friday, the rate on the outstanding ...


Treasury Auctions
Wall Street Journal
A version of this article appeared May 17, 2013, on page C4 in the U.S. edition of The Wall Street Journal, with the headline: Treasury Auctions. Copyright 2012 Dow Jones & Company, Inc. All Rights Reserved. This copy is for your personal, non ...

and more »

Elk Foundation waives fee for tag auctions; challenges other groups
The Spokesman Review (blog)
HUNTING – The Rocky Mountain Elk Foundation says it's waiving fees for auctioning state-sponsored big-game hunting tags and is challenging other groups to do the same to increase funding for wildlife conservation. The Missoula-based foundation ...

and more »

Venezuela to Revive Auctions of Dollars - NASDAQ.com
NASDAQ
The foreign exchange mechanism, known as Sicad, held its first and only auction in late March. Some 383 companies bid on $200 million and it is believed the dollars were sold at rates weaker than the government's official peg of 6.3 bolivars per dollar.

and more »

AME Info (press release)

RTA auctions distinctive plates on its 80th auction
AME Info (press release)
The Licensing Agency, Roads and Transport Authority (RTA) is holding its 80th Public Number Plates Auction on Saturday May, 25th in RTA's headquarters. Registration for the forthcoming auction that is offering around 100 plate numbers will be open on ...

and more »

Enigma Machines Fetch High Prices at Auctions
New York Times
On May 9 a rusty model missing the letters O and Z brought around $22,000 at Hermann Historica auction house in Munich. On May 25 Auction Team Breker in Cologne, Germany, will offer an Enigma that a Danish officer preserved. (The high estimate is ...


Raw Story

Un-elected emergency manager auctions off Flint City Hall Santa for $1330
Raw Story
The Santa and four reindeer was just one almost 400 items that Emergency Manager Ed Kurtz decided to auction off for bids starting at $5. Mabbitt's desire to save the beloved display kicked off a bidding war between about four people that ran the price ...
Cash-strapped Michigan city auctions off Santa and his reindeerWashington Times (blog)

all 18 news articles »

Photos: Iranian artifacts recovered in foreign auctions on display at Tehran ...
Payvand
A collection of ancient Iranian artifacts, which had been recovered in foreign auctions, was showcased on Thursday in an exhibition at the National Museum of Iran. The collection comprises 50 Achaemenid tablets, bronze artifacts from the Lorestan ...

Google News

Increase your eBay Profits the Easy Way

Sometimes the simplest things can boost the number of visitors... Read More

Four Reasons Why You Should NEVER Use Animations In Your eBay Auctions

Inexperienced auction sellers, or those lacking in confidence, often want... Read More

Rent A Coder & Other Service Auctions

You may be in the market for a new website.... Read More

Your eBay Username - What Does It Say About You?

Have you tried to register a decent eBay username and... Read More

How To Use A WYSIWYG HTML Editor To Make Stunning Ebay Auction Listings

What kind of browser are you using for online surfing?... Read More

Joint Venture For eBay Success Too!

Whether you're succeeding in your online auction attempts, just getting... Read More

Garage Sales, Flea Markets, and Special Events... Oh My!

The activity chart is an ingenious way to find, in... Read More

The Top Ten Antique Categories On eBay!

Knowledge is Power! And this statement could not be more... Read More

Taking Paypal on eBay

Accepting Paypal as a payment method might increase your selling... Read More

Six Steps Towards Successful Buying at eBay Auctions

Buying on eBay can be very rewarding, either in terms... Read More

Importing Products to Sell on eBay

The interesting thing about online buyers is they are extremely... Read More

Is The eBay Fee Increase Actually Good For Business?

Fee Increase Leaves Some Sellers Angry, Others ThrilledMuch of my... Read More

Boosting Your EBay Auction Profits: Just Add Audio

According to a recent report, adding audio to your eBay... Read More

How To Make Money Online : Sell On eBay

Selling on eBay can be very profitable, and is a... Read More

Dropship Your Way To Ebusiness Success

Q: I would like to start my own eBay business,... Read More

Drop Shipping Secrets and Sources Revealed

Unfortunately for those just breaking into the wholesaling business, drop-shipping... Read More

A New Definition of Buyer Beware

"Who's Suzie?"My wife Katrina had been acting strangely ever since... Read More

eBay Gold

Internet auctions are relatively new having been around since the... Read More

How To Sell On Ebay: The Money Is In The Back-End

Many people who sell on Ebay completely neglect the follow-up... Read More

eBay Consignments: The Giant Opportunity Hiding on eBay (Part I)

More and more, people are becoming aware that they have... Read More

Drop Shipping Is Your Perfect Home Based Business Solution

Drop Shipping Is Your Perfect Home Based Business SolutionDrop shipping... Read More

5 Sure-Fire Ways to Make More Money on EBay

Have you ever dealt with a salesperson or a waiter... Read More

Top Secret Ebay Powerseller Technique: Classifieds Produce Auction Power

I was browsing through all of the classified sections, and... Read More

5 Secrets To Make A Killing on EBay

Secret #1: Find a 'real' wholesale and drop ship companyDo... Read More

Smart Ways Your Business Can Benefit From Online Auctions

It seems as if everyone is talking about online auctions.... Read More