Can you make a few extra dollars on eBay?
The simple answer is yes. Yes, but you will need to put in the work.
For most of us, the only reason why we would go to eBay is to buy something sometimes for a lot less than your Walmarts and everyday retailers. But did you know, you could actually make money from it. Whether you are looking for a way to de clutter your house or flip garage sales like Gary Vaynerchuck who has an entire youtube channel dedicated to flipping garage sales . eBay is a great place to list.
Setting up and listing products on eBay is easy and straightforward. Below are four steps to get you started.
- Set up a seller account.
Like any other business, it is important to remember to do your research and find out as much as you can about the products you are selling. So, before you list anything on eBay, go around and look at how other people are listing similar products. Once you are ready, simply go over to the seller account set up a page, and fill it out with your name, phone number, payment details, etc.
2- List your Item.
Listing an item on eBay is easy and should you need help, eBay will walk you through the process. Before you list an item however, it is important to do your research by looking at similar items that have already been listed. Look at the description, price, etc and try and figure out how to make people buy your item and not the competitors. Learn the difference between Auction and Buy now listings and work out which option is best for you. Make sure to take great photos of the items and calculate your posting costs. Buyers often like to see the whole price including delivery costs instead of being surprised with additional costs at the checkout so include the delivery cost to the overall cost of the item.
3. Manage the listing
Once you have an item listed, keep an eye on how well it is performing by going to the sell section under the my eBay tab. Here you can see if anyone is watching the item, placed an order/bid and how many bids have been placed if you listed it as an auction. You can also revise/modify the listing here and answer any questions you have been asked.
hings to remember.
Selling on eBay does cost a fee and those fees do change from time to time, so for a more accurate analysis/information about eBay seller fees, go over to ‘Seller Centre’.
• Auction vs Buy Now.
Auction: Allows you to list the item and set a starting point where the Buyers then bid on the item within the set timeframe. The highest bid at the end of the auction buys the item.
Buy now: The ‘Buy Now’ or fixed price allows buyers to purchase the item exactly for how much it is listed thus no bidding on the item is permitted.
EBay has been around for quite some time now and almost everybody is familiar with how it works or how to find a great deal. It is a great way to make extra money and is very easy to use. You have to remember though, eBay isn’t going to make you a millionaire and I personally wouldn’t recommend it as a long-term business investment. It is great way for someone to sell a few things or raise a few hundred dollars to invest in other businesses but I don’t see someone making a living out of selling on eBay. With that said, go and give it a go by all means and who knows maybe you might actually become rich selling on eBay.