Without too much introduction I wanted to share a story that will hopefully inspire or encourage you or simply help you realize there are many different opportunities online to earn extra income. More and more ordinary people are replacing, even doubling their payslip working part time at home using the internet and some are quitting their day jobs, just like I did back in 2009.
In each post I would like to share some of my online money making experiences so this will be my first official blog as I carry on adding parts over time and hopefully get a chance to interact with some of you during the process. 🙂
How it started:
A business always starts with an idea and mine was very simple, I wanted to learn how to make money online. Had no experience, did not know about the scams, “get rich quick” schemes or anything like that. I entered the game with 0% knowledge but 100% determination! Never expected anything worthwhile to be easy and I never had an attitude of instant gratification. Otherwise I would not be here 7 years later 🙂
In 2009 I opened a selling account called Addictive Bricks on BidorBuy (online marketplace) here in South Africa. BidorBuy is like a African Ebay. My initial capital investment was about R100 ($7 +-), this was a once off administration fee BOB charged to set up a seller account, cheap right? Welcome to SA. They do take 5% commission when you sell something through their platform but compared to international sites like Ebay that takes 10%, this is very fair.
It took a while to get started, get the hang of things, to learn the interface and the basics. Eventually with a old phone I took some terrible pictures of some spare things we had in the house that we would never use again, some were second hand some were new items and I listed them on BOB. After 2 weeks or so nothing was happening! I had no sales, no ratings so no credibility and little hope this would work in any way but in the 3rd week I sold a printer cable for R60 ($4.30)! That first sale always feels so great because of all the anticipation and HARD WORK you had to put in just to get it!
Not too long after that, the next sale came along and another one and the next and so on. Today (2016) this one stream of income generates about R250 000 ($18 000 +-) per year. Of which only about 35% is profit, now I know this may seem like very little money to a lot of individuals out there but please consider this was started by an amateur (me) from scratch and this is just one of my income pillars.
Honestly the BidorBuy business turnover is closer to the $35 000 p/y mark but the difference is generated from a private customer base that has been acquired through BOB for the last 7 years and the only proof I have are excel sheets and emails which there is no point in sharing here as these figures can potentially be manipulated however I want to share my BOB profile stats to show you that in fact these figures are possible to achieve for ordinary guys like me.
This page below (snip-shot) can only be accessed by me (the seller) but if you click on this snip-shot it will take you to my profile from a buyers side interface and you will be able to view my sales for the last month. If we do the math for the last 30 days sales turnover, add the auction sales and ‘buy now’ sales we get a total of R24 734.00 ($1765.80).
How I did this:
After a year of struggling and hobbling along, making little money selling things like computer parts, PC games, DVD’s, coins and other random items, notice most of these are ‘high competition’ categories, I was down, unmotivated and wanted to throw in the towel!
I decided to give it another shot but this time had to choose something I loved and it wasn’t going to be a saturated market. I started digging through the cupboards at home to find my stamp collection but found my wife’s old Lego box instead, took it out, opened it and immediately that lovely, peaceful childhood memory came over me when I use to spend HOURS playing with my Lego sets in my youth! Ah, found a niche… those cute little minifigure guys and the accessories!
AFOL (Adult fan of Lego) alert! 😀
If you thinking, “why is this guy sharing his childhood memories and interests?” Well, it turns out there are millions of people out there just like me, who LOVE Lego blocks. I’m no Lego guru but I spent hundreds if not thousands of hours playing with it, know how to use it, who it’s for, where it originates from, heard from many people what a great quality brand it is! Would I manage this niche?
That’s what YOU need to find, something you love and know a bit about.
If you doing something or working hard at something you don’t love the chances of success are slim at best.
At the time I started selling loose Lego parts and minifigures on BOB there was no one else doing it, sure there were people selling Lego sets (brand new) or their second hand bundles but not individually listed parts and minifigs. By now a lot of sellers have jumped onto the brick wagon once they noticed it worked so I have more and more competition as the bigger guys can buy bulk and ‘price me out’. Not to worry, BOB has a FANTASTIC affiliate program as well! If there are so many keen guys to sell Lego, why not sign them up on a platform that will accommodate their selling needs? I will share this great opportunity in Part 2.
On this note I will finish up and hope that this post helped you in some way or another. In the next part (2) I will continue to discuss the BOB story and hopefully share the next income pillar which is Ebay.
Stay in touch to find out how I applied my experience from BOB and managed to make over $1200 in 30 days on Ebay selling comic books. Even wrote an e-book about it (my first digital product). I’m currently giving this e-book away for free to all trusted WA members, if you want to support me thank you kindly then please follow the link above. If you would like a free copy please pm me your email address with a short note, will send it asap.
Please feel free to leave a comment or questions below.