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.
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.
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.
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