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I agree though, eBay is not as cool as in the past. The novelty has worn off for most people.
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A friend of mine that lives in the same apartment complex does eBay full-time. He's paid 10% of profits and works for his other friend (who's 25 years old). I've seen their numbers and they're revenue is about $200,000
per month (not a typo) with a before-tax margin of ~30% (that's
after my friend gets his 10%). They have about 1300 auctions running
all the time and ship about 400 packages a day out of the founder's house. DHL has a regular route with them obviously. They're growing at an extremely fast rate and have found a niche in eBay that is very profitable for them. I believe there is still money to be made on eBay.
Edit: I forgot to mention that they are four people. My friend who runs the logistics of eBay, the founder who strategizes, a shipper, and an email correspondent - the shipper and emailer both work 8-10 hours per day. They stay busy.