Almost Lost $99,990 in Profit

As I mentioned in a previous post, I sell things on eBay for extra income. In the early years, I remember listing a couple of empty beer cans as a half-serious experiment to see what people would be willing to buy. When the beer cans sold, I began checking the completed listings on eBay to see if anything destined for my trash can ever sold, before I threw it out. Suffice to say, I have built up quite an “inventory”.

Here is an article of one lady who did not do her research when listing an extremely rare baseball card for just $10. The estimated value is in the low six figures. Luckily a friend intervened and she ended the auction before it sold. eBay auctions are contractually bound transactions, so do your due diligence. It could save you a lot of money.

Do you want more tips on researching/selling on eBay? I may do a regular eBay tip Tuesday if there’s enough interest.