It also helps you to keep your home decluttered! Fbay two small children in the house, we certainly have a steady churn of abandoned toys and baby gadgets…. Going back several years, eBay has long played a part in my ability to make money from home. Is it easy? No, not really. But I get really quite irritated when people turn their noses up at eBay. How worthwhile selling on eBay is depends a lot on what you have to sell. Some people make a full-time living from eBay sales. My wife and I have a good system going for eBay. I todag to do the listing, picking todsy photographing, and she does the customer service and the posting. At times, we only have a few items listed at a time, and use it for pocket money. The photo below below shows an example selection of the kind of things we typically have waiting to list. The actual pile is far bigger!
More Money Hacks
Check it out. Here’s how. Plus, insider tips on how to make money on eBay from eBay senior exec Jim Griffith. Ramit Sethi. We also interviewed a senior executive at eBay to get insider tips on how to make money selling stuff on eBay. Want more money? Susan and I are both fans of Big Wins. That means aggressively cutting costs, optimizing our spending, and earning more.
Types of Ebay Sellers
I wouldn’t let anything, even a divorce stand in my way. My solution was eBay. I could make a killing on eBay, good profits, ship when I wanted to, and still be there for every second of my children’s lives. It was the best of both worlds. Although I’ve been selling on eBay for 15 years, I created a very successful, stable income for myself and my kids in a year and a half. There was no teacher telling me what I should do or not do. It was all trial and error. After all, the best secrets of how to make a living on eBay are a secret right? When you’re first starting out on eBay, you just want to sell whatever you have lying around the house. You’d be surprised at what goes for good money on eBay, especially if you break parts up. Let’s say your vacuum just broke and you replaced it with a new one. Totally not kidding! Someone else may not have the money to go out and buy a new vacuum, so they buy the parts off eBay and it saves them money. They are happy. You are happy because collectively for a few parts, they just bought you a new vacuum! Shipping costs these days can ruin a business. If you want to have a successful business on eBay, you need a store. There’s no going around it. There are so many perks to having a store, one is that eBay promotes your store on search engines, so you’re getting a lot more traffic than you will not having one. Another perk is that it automatically gives you credibility. Do you know how many cases are opened with eBay by fly-by-the-night scammers? People want to order from someone who has great feedback and has a store. Customers know you take this seriously and you have a reputation to protect. This means that if anything goes wrong, you’ll stand by them. If you don’t have a lot of money to work with, again, look at the Freebie section in Craigslist or on local Facebook groups. You can easily get yard sale leftovers, curb alerts and free stuff all the time on there and sell what’s worth money, and give away or throw away what’s not. Think it’s not worth it? This is how I made my living the entire first 6 months after I started eBay.
About the author
Whether you’re looking to set up an online business or you just have a pile of clothes you’re hoping to turn for a profit, learning how to sell your stuff online can be a valuable and lucrative skill. Using eBay, one of the world’s largest e-commerce platforms, you can sell just about anything, with a few notable exceptions. Business Insider spoke to experts and online sellers about some of the best tricks for selling items on eBay. When photographing the items you’ll sell, take shots from multiple angles. It’s incredibly important to make sure shoppers have as much information about your product as possible and high-quality photos are one of the best ways to differentiate your item’s listing from similar ones. For example, photograph clothing on a hanger, dress form, or mannequin. For shoes, photograph them from the top, sides, and bottom of soles,» Sam Bright , vice president of merchandising at eBay North America, told Business Insider. If the item is pre-owned, include photos of any flaws or scuffs that you have described in the listing. Editing photos to brighten them or remove shadows is okay, but make sure the finished images that you post are accurate representations of the item you are selling. Determining the best way to list an item will help you to increase your chances of making the most money from a sale. Bright said you should sell your items at a fixed price using the «Buy It Now» feature when you know the market value of your item. This can be an efficient way to make a sale because m any shoppers won’t track an auction for something they can instantly buy from another vendor. However, he said rare or special items without a defined market value are good candidates for auction-style listings where demand can drive up the price. Users can also utilize eBay’s pricing recommendation feature to better figure out how to list their item and what to sell it for. You might make more profits during certain days of the week. Stuart C. If you’re selling items using an auction-style listing, timing is crucial. You want to maximize the number of eyes on your products by running auctions during peak traffic times. Take full advantage of this traffic by setting up seven-day listings that begin and end on a Sunday night,» Alison Garrison , senior director of creative and marketing services at e-commerce platform Volusion, told Business Insider. Be sure to monitor your auctions to see if your experience differs. For example, if you find that your market is more active in the middle of the week, time your auctions accordingly. You can better understand how much your item is worth by looking at how much it has sold for on eBay in the past. You can search for active listings on the site and filter the results by «sold items» to see what your item or similar items are selling for across the platform. According to Bright, handbags are popular on eBay. With around million shoppers on eBay worldwide , the platform sees buyers with all sorts of interests, but there are certain types of items that shoppers almost always demand. Bright said some items that sell often include sports trading cards, watches, smartphones, video games, and handbags. If you’re struggling to generate a profit on eBay, it might be worth selling items that fall under categories that almost always have an audience.
5 expert tips for selling on eBay
Show less If you’re looking to bring in some extra cash or maybe start a new career, selling on eBay could be the answer you’re looking. There’s money to noney made makee becoming part of the eBay seller community. Put in a little time reading the steps below, and that investment could pay tovay for you in a big way.
To make money on eBay, decide what you want to sell, take high-quality photos of your items, and create listings that are todxy and detailed. Be sure to price your items competitively by checking what similar items have sold for in the past! Once you figure out what sells well, look for more of it so you can continue selling that item. As your sales and feedback rating climb, you will begin to gain more customers and bring in more money. For tips on taking great photos and creating strong listings, read on!
This article was co-authored by our trained team of editors and researchers who validated moeny for accuracy and comprehensiveness. Together, they cited information from 6 references.
Heidegger Metayer. Log in Facebook Loading Google Loading Civic Loading No account yet? Create an account. Edit this Article. We use monwy to make wikiHow great. By using our site, you agree to our cookie policy. Home Categories Hobbies and Crafts Collecting. Article Edit. Learn why people trust wikiHow. It also received 15 testimonials from readers, earning it our reader-approved status. Learn more Method 1. Create an mlney account. If you don’t already have one, you’ll need to go online and create an account on eBay.
The account is free and allows you to operate as a seller or a buyer. Once you have an todau, you can log in to My eBay and track your auctions, view bids and send and receive emails. Tovay some thought into the name you choose for your eBay user ID. This is how you’ll be known in the eBay community. Pick something that’s memorable but not weird, inoffensive and positive. Look into fees. When you sell on eBay, you can operate under the standard fee arrangement or choose to become a subscriber.
Among the differences are the number of free listing you get per month and the add-on fees you’ll pay. As someone who’s new to beay on eBay, you’ll probably want to operate mak the standard fee agreement. There are three paid subscription accounts available on eBay. Open a PayPal Account.
PayPal allows your buyers to use a credit card or a checking account to pay for the items they buy from you. It also ebaay you to sell internationally. Buyers initiate the payment transaction with PayPal, and PayPal, in turn, transfers the money to your account.
It’s not required that you have a PayPal account in order to sell on eBay, but it can be difficult to succeed without one. Decide what to sell. It’s best to start by selling things that you already have around your home. Go room by room and look for things you no longer need or wear or perhaps have never even used. Mobey offers an online tool called «Selling Inspiration House.
It’s also a good idea to look around on eBay to see what other people are selling and at what price. Check to see how many «bids» an item has to try to gauge its popularity. Sell what you know. Not only will you need to write a detailed description of your item, but potential buyers may contact you with questions.
It can be difficult to thoroughly explain the benefits of a product and answer detailed inquiries if you’re not all that familiar with the item. Determine what sells well and look for more of it.
Local garage or estate sales can be a good way to buy things inexpensively that might sell for more on eBay. Start small. While your ultimate goal may be to become an eBay Power Seller, you want to take things one step at a time. Starting with just a few items to sell gives you the chance to learn the ropes and establish yourself as a reputable seller.
Like any new enterprise, selling on eBay may present you with some unexpected challenges, and you’re bound to make a few mistakes—everybody does. Begin by selling just a few items so you can familiarize yourself with the responsibilities that come with being a seller. To become a truly successful seller, you need to have lots of positive feedback.
When you’re first starting out, you won’t have any. Build your business slowly and give great customer service so that you can earn positive feedback. That way, you’ll earn the trust of buyers, who will be more likely to do business with you once they see you’re moneg established and honest seller. Method 2. Choose how you want to sell. Consider how quickly you want to makw your item, whether or not you’d be willing to let it ebag at lower price than you’d hoped for and how much effort you want to put into the whole selling process.
Traditional auction. If you list your item auction-style, you establish an opening bid and then monet a set number of days for buyers to ebwy their own bids for your item. Whatever the highest bid is at mqke end of the auction period, that is the final selling price of your item.
The hope, of course, is that interest will be high and the price will rise over the auction period so that you come out a winner. You can set an auction to last 3, 5, 7 or 10 days. Sellers with a feedback rating of 10, will also be given the option of a 1-day auction. Many buyers watch items for a while and think about them before placing a bid, so a longer auction could be to your advantage. While it may bring a bit of unwanted drama to your life, using the traditional auction method could pay off.
If you want to ensure that an item you list for auction doesn’t mone for a price you can’t live with, you can set a Reserve on the item. A Reserve is the minimum bid you must receive in order to sell your item. If you set a Reserve, be aware that interested buyers may be in touch to find out your Reserve amount, so you may be spending some additional time answering questions. The BIN feature lets you set the price you want for an todwy right from the get-go.
Buyers who look at your listing will immediately know the price, and they can purchase straight. BIN gives you the opportunity to perhaps sell your item quickly for the price you want and be done with it or move on to your next listing. You can add a BIN option to an item you have listed for auction.
Best Offer. That way, interested buyers can submit to you a price they’d be willing to pay for your moneg. You do not have to accept any Best Offer bids that come in unless you want to. You can hold out to see noney anyone will purchase your item wbay the BIN price.
Decide on your price. The best way to price an item is to see what similar mske have sold for on eBay. Log in to your eBay account and choose «Advanced Search» and check the box marked «Completed Listings» to see what items have sold for across multiple categories. Look at how the items were sold auction, BIN, Best Offer or Reserve and pay particular attention to those that used the selling method you’ve decided to use for your own item. It’s important to look for items that are similar to yours in as many ways as possible.
That means condition, age, color and a variety of variables should be taken into account when comparing your item to those that have recently sold. You makee see information about items that have sold within the last 90 days and for items that didn’t maek within the last 30 days. When moneyy how much to charge for your item, use an eBay profit calculator. It’s important to do this so that you will factor in all the costs involved such as fees, shipping, packaging, cost of the item.
An item may sell at a loss if calculations are not completed prior to setting a price. Take photos. It tlday be enough to simply talk about your item, you have to show buyers what you’re offering. In fact, as of July 31, eBay requires at least one photo for each listing. Photos must be border-less, without seller-added text or artwork and be at least pixels on the longest .
How to Make $2,000 PROFIT Each Month Selling on Ebay and Amazon! Let’s Talk Real Numbers
With more than million active users inEbay remains one of the top mwke platforms for buying and selling products. It currently sits at the number 3 spot behind Amazon and Walmart in terms of visitor numbers, with an impressive million visits per ttoday. Ebay lets sellers create an auction easily and cash in within a week. Moneh of February ofthe app has an audience reach of People dipping their toes into Ebay for the first time are usually looking to sell pre-used items. These Ebay users pop up only when they have todag to sell, usually items they have around the house. This mlney of Ebay sellers trade during their free time and usually scales up when the business shows true potential to expand. Refers to tkday businesses with a large customer base and significant product turnover. They typically work full-time on their Ebay business. Knowing who to source your products from and building a strong relationship with suppliers is one of the most important pieces of the puzzle if you want to have a successful dropshipping business on Ebay. Most kake dropshippers will probably fire up Google and try to look for a product to sell and where to source it. And while you may want to give them a shot, your Scam-O-Meter tells you. The truth is, these products have so much competition that only the top sellers with thousands to spend on marketing and massive make money today ebay are getting the bulk of the sales. You can see examples of good items to sell in our blog. Try using a listing analytics tool such as the SaleHoo Market Research Lab to narrow your focus to what’s actually selling on eBay. Once you’ve chosen the type of items you want to sellit’s time to move on to the next step. To make money on eBay through dropshipping there are two things you have to know like the back of your hand: the eBay platform and your dropshipping suppliers.
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