Making Money with eBay
Posted on Thursday, July 28th, 2011 at 6:12 am
There is a considerable amount of money to be made by selling on eBay. You can make money with eBay, whether you want to clean out your garage or start a small business on the side. Whether you’re thinking about selling on eBay for the first time or you’re thinking about expanding your business on eBay, you might be asking yourself a few questions.
Where do I Start?
Selling on eBay is really simple once you get going. Just follow these step-by-step directions to get started selling and making money with eBay:
- Register as a seller on eBay.
- Create a PayPal account (if you don’t have one already).
- Decide what to sell. If it’s your first time selling on eBay, you might want to do a practice run with something you don’t mind parting with or making money on – just to get the hang of it.
- Research similar items to determine your pricing.
- Take photos and write a description of your item.
- List your item using the step-by-step help on eBay.
- Decide how you want to ship your item and how you want to collect payment.
- When you receive a payment notification, your ready to ship your item! Ship promptly and maintain good relations with your buyers to earn a good seller rating.
What Should I Sell?
Signing up is the easy part. Deciding what you’re going to sell can be a little more difficult. You can sell pretty much anything on eBay, but you will want to choose profitable items. You can use the “research” tool on eBay to learn more about what is selling and for how much. This can help you determine what the demand is, and thus what to sell. Once you’ve decided what to sell, you can look up similar items listed on eBay to evaluate what your price will be. Choose a reasonable and competitive price based on your research.
Where do I Get My Stock?
This can be another tough one. Depending on how large-scale you want your eBay business to be, and how much time you have to invest in it, will determine where you get your stock. If your selling just for fun and some extra spending money, you might search thrift stores and garage sales for cheap quality items that you can in turn sell for more on eBay. If your goal is to create a business empire on eBay, you might choose to order your stock from either a wholesaler or a dropshipper. If you order your stock from a wholesaler, you will need space to store your loot and the money to pay for it upfront. If you order from a dropshipper, they will hold the stock for you until it sales. The pro: you don’t pay for the item until you sell it and receive payment from your customer. The con: most dropshippers require a fee to join.
All-in-all, learning to make money with eBay might take some trial and error. But once you get the hang of things, do your research, and learn what sells the best you will be well on your way to making easy money!