A younger man with a ardour for gross sales has turned flipping secondhand merchandise and barely used gadgets right into a full-time job – and claims anybody can do it to make some additional money. 

Matt Diedrich, from the Gold Coast, has been promoting gadgets on eBay for 2 years and began within the peak of the pandemic. 

The 32-year-old buys merchandise from Officeworks, Massive W, JB Hello-Fi, Goal, Costco, Kmart and even Woolworths and Aldi in try to make a revenue. 

The savvy moneyman advised FEMAIL the important thing to to success is researching the gadgets promoting on eBay first and make sure you obtain to 2 important apps – the eBay app and eProfit app. 

He additionally shares his insights on YouTube and TikTok, the place he is gained a mixed following of greater than 14,000 followers.

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Matt Diedrich, from the Gold Coast, (pictured) has been promoting gadgets on eBay for 2 years and began within the peak of the pandemic. The 32-year-old sources merchandise from Officeworks, Massive W, JB Hello-Fi, Goal, Costco, Kmart and even Woolworths and Aldi in try to make a revenue

On one event he visited Officeworks and acquired 5 telephone circumstances for $27 and expects to make $146.50 in revenue. He additionally was going to select up a USB port for $29 as a result of it was promoting on eBay for $81 (pictured proper)

Matt has dabbled into a spread of classes to promote however most of his stock is filled with DVDs, video video games and consoles, footwear, fashionable sporting hats, sports activities garments, plush toys, and board video games.

The most well-liked merchandise comes as a shock, with DVDs contributing to virtually half of all gross sales made.

‘Your guess is nearly as good as mine as to why these are common,’ Matt stated, including: ‘I feel DVDs have gotten a nostalgic factor to personal, very similar to information, with individuals wanting the exhausting copy of their favorite film or TV present.’

Matt says if clients proceed to purchase the product on eBay, he’ll proceed to supply them.

In a YouTube video he purchased $710.50 price of DVDs from Massive W for simply $150 and made $4,000. 

‘I feel that is the right aspect hustle for anybody working a 9-5 as a result of it is really easy to do. You may simply make just a few hundred {dollars} additional every week,’ he stated. 

Matt additionally operates the eBay enterprise from the consolation of his dwelling’s storage and tries to maintain the quantity of merchandise he buys ‘below management’.  

DVDs contribute to virtually half of all gross sales made. ‘Your guess is nearly as good as mine as to why these are common,’ Matt stated, including: ‘I feel DVDs have gotten a nostalgic factor to personal, very similar to information, with individuals wanting the exhausting copy of their favorite film or TV present.’

In a YouTube video he purchased $710.50 price of DVDs from Massive W for simply $150 and made $4000 (pictured) 

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Previous to getting into shops, Matt conducts ‘competitor analysis’ by looking via the eBay app to gauge how a lot merchandise are promoting for. 

In a collection of TikTok movies Matt demonstrates his thought course of when shopping the cabinets of shops to see if he could make a revenue on a number of completely different merchandise.

On one event he visited Officeworks and located Google Pixel display protectors for simply $1 whereas they had been promoting on eBay for $49.95.

He bought 5 gadgets for $27 and is anticipating to make $146.50 in revenue.

When selecting what to purchase it is essential to remember the charges eBay fees in addition to delivery prices.

When selecting what to purchase it is essential to remember the charges eBay fees in addition to delivery prices

During the last monetary 12 months he is made round $110,000 in revenue with a internet revenue of $93,500. Baring in thoughts he wanted to pay $17,000 in promoting charges in addition to delivery prices on high

Matt says he updates his eBay retailer with new listings each day, and on common sells 7 merchandise a day which generates round $300.

During the last monetary 12 months he is made round $110,000 in revenue with a internet revenue of $93,500. Baring in thoughts he wanted to pay $17,000 in promoting charges in addition to delivery prices on high. 

Matt stated delivery the merchandise is the ‘worst’ side of the job as a result of it is expensive.

If you need to comply with Matt, click on right here to view his YouTube channel.

The six ‘golden guidelines’ to promoting on eBay:

1. Listing merchandise day-after-day in case you can – eBay’s algorithm is constructed to reward those that keep lively. In the event you’re persistently offering new listings for eBay to promote, eBay will recognise this and proceed to ship out impressions to clients

2. Promote your listings – it will increase the quantity of visitors the listings will see every day and can hopefully promote the merchandise faster

3. Ship and settle for greatest provides – eBay permits patrons to barter a worth,  and everybody loves a discount so it is worthwhile. To do that allow the ‘greatest supply accessible’ possibility in your retailer 

Professional tip: catch your potential buyer whereas they’re scorching impulse buying is widespread on eBay

4. Sharpen your postage time – You possibly can generate constant gross sales in case you can develop a quick delivery and dealing with time

5. Keep away from unfavorable opinions

6. Activate coupon codes – supply a ten% low cost on the checkout

Supply: The Aussie Flipper