How does magpie make money

Since those days I have amassed a collection of probably around or more DVDs. Some have been seen only once then put away and then others have been watched countless times. There are even a few that are still in the wrappers. This is becoming more common with the popularity of streaming services such as Netflix. There is however a couple of problems with owning hundreds of DVDs. The problem is mainly, they take up lots of room. I have a lovely expensive oak unit which is absolutely full of DVDs.

It could be used for so many other things. This is where Music magpie selling comes in. Now before you all get too excited, you are not going to become rich by doing this. The reason I did was that Music Magpie selling offers a simple easy way to do it and earn a little cash. I could ha ve chosen a car boot sale or an online auction site like eBay.

However, these two are time-consuming and mean I need to make price stickers and take photos, etc as well as consuming lots of my time. Generally, it is pence per DVD, although some, especially any kind of Disney ones can earn you a pound or more. So like I said Music Magpie selling is not going to make you a millionaire, however, the ease of doing it this way far outweighs the poor monetary output.

Of course, the choice is always yours. This razor-thin stock margin is maintained by an algorithm that sets prices by analysing the rate at which an item is sold, its cost and what it sells for on other platforms. The result? Big profits. Making a good margin on the classics is critical, since musicMagpie accepts everything sellers send.

Sellers make a fraction of what they could earn from selling directly on Amazon or eBay, but they benefit from the convenience of getting rid of everything in one go. Since musicMagpie then sells these items en masse, it can squeeze out more profit per item by securing discounts on postage and automating parts of the packing process.

The company also has a deal with the UK budget retailer Poundland, through which it sells , refurbished discs. At the time of writing, selling the CD to musicMagpie would net you just 11 pence. But the market is waning, so Oliver is looking beyond physical media. A small team of phone technicians refurbish every device they receive, replacing the battery and screen if necessary, before reboxing and reselling it in the UK and abroad. In early , the company launched a similar service in the US, now called decluttr, that is already a third as large as the UK business.

Until then, it separated its buying and selling brands, calling itself Zoverstocks on Amazon and eStocks on eBay. The platforms bring musicMagpie a huge audience, but in exchange they take a cut of each sale — and, just as importantly, retain all the brand recognition. Search Events Jobs Consulting. Before that, he was a technology journalist at New Scientist magazine.