Do you want to know how to make money selling on eBay? read on…

eBay is one of the many online marketplaces that enable trade on a local, national and international level. Millions of items are traded each day through auction-style listings. Other options are the buy it now, fixed price or eBay store listings.

Before you open an account, you need to know the several ways that you can utilize eBay.

 

Different ways of selling on eBay


 

What can you sell on eBay?

Virtually everything can be listed for sale on eBay.

If you are a total newbie, the best place to start is to list some used items that you don’t need anymore. It will help give you an idea of how things work on eBay. It’s also a good way to raise some extra cash.

But that is not to say that you can’t start off by selling other people’s products. More on this below.

The items could be a pair of shoes that you no longer wear, clothes that don’t fit you anymore, a piece of electronic that you don’t have the use for. Anything goes.

 

 

Turning to your hobbies and interests

Instead of following the masses and listing what the crowd is listing, you could instead choose to start with something that you are knowledgeable about. Could be an art or a collectible, or a collection of books from a favorite author. You will have an upper hand selling something that you understand better. It’s easier to create a following when you know your stuff.

There is an insatiable market for vintage items on eBay.

 

Drop shipping

This is where you, known as the reseller, lists items directly from a wholesaler. When an order is placed, you forward the shipping information to the wholesaler who then forwards the product to the buyers’ address.

It is a good way of starting out selling on eBay if you have no idea where to begin. The only drawback of drop shipping is that your ratings are at the mercy of the manufacturer. You will, therefore, need to identify reputable wholesalers that you can work with.

 

Selling items in bulk

Another way is to purchase large quantities of the hot selling items from other marketplaces at cheaper prices, especially the Chinese ones like Alibaba.com, and sell them to other eBay members who are looking to purchase for resale. This technique does require some little bit of know-how.

 

 

Getting started on eBay


 

  • Step 1 – Sign up for an eBay account

It’s quite easy it requires no explanation. Click here and create an account.

 

  • Step 2 – Find something to sell

Am sure you can’t miss something lying around in your house that you can list on eBay. Remember that the beauty of eBay is that you can sell almost anything – even used items that you think are too old for anyone else to want them. Someone out there is looking for what you have.

An old torn couch can be refurbished into with vintage fabric. Someone out there knows how to repair that broken down electronic that you think cannot be salvaged.

 

  • Step 3 – Research about your product

Don’t just guess the price, it’s always a good idea research the price range of similar products so you can come up with a suitable price for your listing.

Also, do not just research on eBay alone, use Google or other search engines and see what comes up. A buyer will most likely do the same thing before they purchase something. You want to at least have a competitive price.

This does not mean that you price it at the lowest, the condition of your item and the price have to be reasonable.

Researching on your product may also uncover upper hand advantages that may allow you to list a higher price from that of your competitors. You could be having an item in a color that is no longer available in the market.

 

How to make your first listing on eBay


 

Sign in to your eBay account and click on the sell link on the top left

 

Fill in the title for your listing

 

Select a category e.g Are you selling an HP Laptop or its components? Also, take notice of the tip at the bottom for selecting more than one category then hit continue button.

 

eBay can even help you with the product description using similar listings. You don’t have to get stuck wondering how to write one.

When you click on the search button, a catalog of related products will come up as shown below. Click on ‘see details’ and a window will pop-up with the product description. Select a product with a description that matches your own item.

 

 

Note: Not all products are available in the catalog so you may still have to write your own product description. If the catalog pop-up window returns an error, it may be that the product is no longer available so try clicking on a different but similar product.

If you do choose to do your own listing, click on the ‘sell yours‘ button, the page prompts are pretty much easy to follow. No rocket science involved. Fill in ALL the details about your item as requested. Do not leave anything out that should be filled in.

 

Important points to note


  • Write a good complete description of your product

Do not hastily put it together – give ALL the information about your product and fill in ALL the details about your item as requested. That is what a potential buyer will be looking for. Put yourself in the buyer’s shoes; if you ar going to spend your cash on something, wouldn’t you want to know EVERYTHING about what you are about to buy?

 

  • Be honest about the condition of your item

You must be very honest and thorough about the condition of your item. No cheating. It will dent your ratings and no one will buy from you. You are building a business just like any other. Honesty will always remain the best policy. let the customer decide for themselves if they want your item as it is.

 

  • Upload quality images

And lots of them if you can. They don’t have to be perfect, they just have to be clear – not blurry, and they have to look real.

Take note of the background that’s against your image. Would you buy an item from someone whose house looks really messy behind the scenes? no. You feel more at ease knowing that the item will not offer some roaches a free ride to your home.

 

  • Time your listing

Make smart use of the 10-day listing beginning on a Thurs. It will give you two full weekends worth views. Traffic is highest during weekends.

You can also make use of, but not necessarily, the reserve pricing – the lowest buying price that you are willing to accept for your item. But if your aim is to make as much money you can skip that one.

 

  • Fulfill your orders

If this is not the most important aspect of your eBay business, I don’t know what else is. It is the key to the success of your online business. Fulfilling your orders means that you are a reliability seller. It will give you good ratings which are invaluable.

 

Conclusion


Starting out on by listing your personal items will allow you to see how to make money selling on eBay. It will give you the necessary hands-on experience. But that is not all you can sell like I mentioned, there are many other places you can find items to sell.

e.g retail stores may be having a sale and you could sell the same items on eBay at full price. Not everyone lives a drive-distance away from every sale that happens. You just need to choose your items wisely.

Wealthy Affiliate has a step by step course on how you can start an eCommerce business using marketplaces like eBay, Amazon etc. Check out the review here

 


Do you have any questions or comments? please leave them in the comment box below and I will get back to them.


 

  1. Thanks for this information! I think I will try and post some old items right away to get a feel for selling on ebay and start looking into drop shipping.

    Is there a way to automate the forwarding of information from the buyer to the wholesaler?

    Should I be worried about the time it takes for my wholesaler to fulfill an order and what the shipping costs might be?

    • Hello, Samuel. Please go right ahead and list some old items. It’s the best way to get to learn how eBay works.

      There are some paid apps that can automate the drop shipping process. I will be writing about them soon. In the meantime, have a look at Inventory Source. Do not hesitate to contact me should you need any guidance. Wish you success!

  2. Great article Ami!

    I have heard a lot of people say they want get started with selling on line, but don’t have any money to start. Just use Ebay to sell some old things or items that you don’t use that often.
    I did this to get started and made $500 on Ebay with some stuff I had, but wasn’t using. You can sell anything on Ebay and believe me, there is always something that another person need to purchase.
    Once you build capital, you can start buying bulk and moving on to bigger sales.

    I haven’t use Alibaba much. Do they use PayPal or have another method for secure payments?

    • Hello, Vince. Way to go! selling stuff we don’t need anymore is a good way to raise some capital cash. Alibaba does have the Paypal option but merchants do not like using it because Paypal can sometimes freeze funds for no reason. The other options are Alipay, Moneybookers, Wire transfers. Thank you for reading.

  3. Great Information. I normally sell my used stuff on eBay. Drop shipping looks interesting. It seems like I don’t need to stock up the inventory and get started quickly. I heard that Amazon is a great place to sell new items as well. Do you know which is better to get started?

    • Hello, Jay. It all boils down to preference. They are both good in their own right though. Although, eBay may be beginner friendly while Amazon may require some amount of elbow grease to see some results. Thank you for reading.

  4. Thank you for this insightful article. I do not have an ebay account but am considering getting one. I sell majority of my items through kijiji. What are your thoughts on kijiji vs. ebay? I find that I can sell fine through kijiji but maybe ebay has some perks I am unaware of?

    • Hello, Rob. The difference is that Kijiji uses the classified Ad model, like you see on sites like Craiglist. If Kijiji is working out for you, well and good. Variation is not limitation. Thank you for reading.

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