How to make money on eBay
Selling on eBay is just as great as selling on websites such as Kijiji or Craigslist. You can make some extra cash just by posting something on the internet. Fantastic!
There are two things you need to be aware of when it comes to posting on eBay.
You must pay to list your items on eBay. The insertion fee depends on how much your starting price is. You also have to pay a “final value fee”, which is based on the final sale price of the item. Finally, if you want to make any upgrades to your listing, such as adding a picture or subtitle, you have to pay fees for those as well.
With eBay, you have to package your item and then take it to the post office to be shipped. This can be an annoyance for some people, so keep it in mind if you decide to post on eBay.
You will need to make sure you charge the correct amount for shipping. Most sellers have their own scale that they use to weigh their package and charge accordingly.
Some items have a better chance of selling on eBay as opposed to Craigslist or Kijiji, such as collectible items.
If you decide to list something on eBay, here are some tips:
Research your item
Before you list your item for sale, it’s a good idea to check eBay and see if there is anyone else selling the same item and how much they are selling it for. This will give you a good idea of how much you should list your item for.
Make your listing end on a Sunday evening
Many people are in a “buying frame of mind” on Sundays. I don’t know why, they just are. The best time for an auction to end is Sunday evening between 6pm-12am. Between 6pm and 9pm is best.
Take a picture
A picture really is worth a thousand words, at least when you’re trying to sell something. It’s been proven that ads with photos have a much better chance of selling than an ad without photos. A description is not enough.
Make sure that your photo is of decent quality. A bad photo is just as bad as no photo at all.
Write a good headline
You want people to click on your ad. In order to encourage them do this, your headline has to draw them in.
Instead of saying “girls shirt for sale”, say something like “Tommy Hilfiger Girls T-Shirt, Size 5T, Like New”. Which ad would you click on? Exactly.
Write a good description
Your item description is just as important as your headline, so make sure you spend a bit of time on it as well. Sticking with the girls shirt example above, your description should look something like this:
Girls Tommy Hilfiger Tshirt
Like New Condition
Don’t forget if to mention if there is any flaws with the item, such as a small stain or missing button. It’s also a good idea to mention if your item has been in a smoke and/or pet-free environment.
Keep your shipping charges reasonable
There are a few people who will post on eBay and list an item for dirt cheap (think $1.99 for an iPad) and then rack up the shipping costs (think $199 for that same iPad). This is not a good idea. You will likely end up with a bad reputation – and reputation is everything on eBay.
If you plan on posting on eBay often, I suggest purchasing a a small kitchen scale to weigh your items before you list them. This makes it easy to calculate shipping costs and charge the correct amount.
eBay can be a great way for you to earn some extra cash. There are many people who actually make a living buying and selling on eBay.
Just remember to follow the steps above and you will be well on your way to your first sale.