Once upon a time, I decided it was making extra money on ebay time I sell some of my stuff on eBay to make some extra cash. Since it was just after the holidays, I decided to get the ball rolling with a new shirt I had just received for Christmas. Even though it was cute, the shirt fit a little small for my taste. And even worse, the store it was purchased from was out of state, which mlney no returns. So, after taking some pictures and crafting a snazzy description, onto eBay it went. Read more: How to establish your own side hustle. Unfortunately, the buyer later wrote to say the shirt had a hole in it and demanded a refund.
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. How much can you really make on the site anyway? Most importantly: Is it worth it … or am I just going to get screwed by selling all of my stuff way below market value.
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Photos are going to be the very first thing people look at when they click on your product listing. So make sure they look as good as possible. To do this, photograph your product on a flat neutral-colored surface and background ideally white so your product will pop. I made an epic guide full of proven ways to make money. The buyer wants comfort. What are they struggling with? How does my product service those needs? Our suggestion: Go with the longer duration. More specifically, choose a day listing and optimize it for the most views.
Steps to Getting Started and Growing an eBay Business
With more than million active users in , Ebay remains one of the top online 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 month. Ebay lets sellers create an auction easily and cash in within a week. As of February of , the 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 stuff to sell, usually items they have around the house. This group of Ebay sellers trade during their free time and usually scales up when the business shows true potential to expand. Refers to established 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.
Still have questions? Get answers to your money questions delivered to your inbox daily! Set them up against a white or neutral background. Show less A Anonymous Jan 8, If you get into resale clothing, I suggest that you see if people are giving it away for free on Craigslist. If you fail to receive payment from a buyer, do your best to work it out between the two of you.
How to make money on eBay in 37 minutes
Create an account. This reduces koney from bidders and results in a very low winning bid. If you list your item auction-style, you establish an opening bid and then allow a set number of days for buyers to submit their own bids for your item. Take not only a straight-on shot of your item, but photos from multiple angles as. You may be asked o sign in. Method 3. Plan your spendings wisely says the female who additionally blew all her making extra money on ebay funds final days. JL Julie Lee Nov 20, Unless a transaction was particularly horrific, come up with something positive to say to your buyer. I promptly refunded her money, which meant she kept the shirt and the cash. 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. While exra may bring a bit of unwanted drama to your life, using the traditional auction method could pay off.
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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 be made by becoming part of the eBay seller community. Put in a little time reading the steps below, and that investment could pay off for you in a big way.
Evay make money on eBay, decide what you want to sell, take high-quality photos of your items, and create listings that are clear 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 extraa and bring in more money.
For tips on taking great photos and creating strong etra, read on! This article was co-authored by our trained team of editors and researchers who validated it 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 cookies to make wikiHow great. By using our site, ebau 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 eBay 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 account, you can log in to My eBay and track your auctions, view bids and send and receive emails.
Put 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 ebag operate under joney 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 maklng selling on eBay, you’ll probably want to operate under 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 allows 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 extrq 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. Ebay 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 extrx 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 an established and honest seller.
Method 2. Amking how you want to sell. Consider how quickly you want to sell your item, whether or not you’d be willing to let it go at lower price than you’d ebaay 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 allow a set number joney days for buyers to submit their own bids for your item. Whatever the highest bid is at the 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 go 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 item 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 moneu you a price they’d be willing to pay for your item. You do not have to accept any Best Offer bids that come in unless you want to. You can hold out to see if anyone will purchase your item at the BIN price.
Decide on your price. The best way to price an item is to see what similar items have sold for on eBay. Log in to your maing 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 monej of variables should be taken into account when comparing your item to those that have recently sold.
You can see information about items that have sold within the last 90 days and for items that didn’t sell within the last 30 days. When determining 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 won’t 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 Start Making Money On Ebay In 5 Minutes — $4,366.59 Listed Today
Those without a subscription can list up to 50 items per month for free. After that, each listing costs 30 cents. There are three levels of subscriptions: basic, premium and oon.
Types of Ebay Sellers
Before listing, research the current market for your items. That will help you set competitive prices and increase your chances of selling. EBay is known for its auctions, which can last from one to 10 days for most items. For example, if you use PayPal to process payments, it will cost 2. To create a listing, you need to provide at least one photo that has a minimum of pixels on the longest. Most listings let you post up to 12 photos free. Aim for high-resolution photos. Those should be moneh and 1, pixels on the longest. Good lighting will also help you stand out in a sea of so-so photos. Instead, try shooting in natural lighting, without the flash. You can always upgrade later. Customer service is the cornerstone of any online business.
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