2024 Ebay Sales Summary

 Although it is not quite the end of the year, I decided to post my Ebay sales summary for 2024. The good news is that total sales increased by 128.5% from the previous year. Net sales increased by 158.2% and the average sales price per item increased by 36% to $27.15. The number of items sold increased by 68%. This was mainly due to the 21 Xbox controllers that I sold in 2024. 

Now the bad news. The cost of selling (which includes Ebay fees and shipping) was 37.6% of total sales. And the cost of goods was 29.5% of total sales. Add sales tax to that and my profit was only 27% of total sales or about $305. That was still a 48.4% improvement over last year's profit. Total items sold was 42, so my goal for 2025 is to sell an average of one item per week. I should be able to achieve that if I can find reasonably priced controllers to refurbish. It feels like a few individuals have been trying to dominate the used game controller market. The average price of a used controller that needs repair on Ebay does not leave any room for profit for resellers. You can get a new Xbox One black model S wireless controller for $49.95. I usually charge $32 for a refurbished controller with free shipping. That means I can only pay $12 per controller.

The last item that sold was a Marine Corps military utility cap. I got it in a bulk package of 35 assorted hats and caps. This was only the third cap that sold so far but that was enough to pay for all 35. The buyer was located in California and is the production company for the NCIS television series which stars Mark Harmon. NCIS stands for Naval Criminal Investigative Service, so they buy a lot of military uniforms and gear for the show, which has been in production since 2003. I thought it was interesting to know that an item I sold might end up in a TV series. I'll have to keep my eyes open for more military items to resell. All of the other hats I have are pro and college sports team related which may take longer to sell.