How to resell on ebay and make money

I created an in-depth, step-by-step guide on how to make money off of eBay in just 37 minutes. So get some extra space in your home, make someone happy and even get some extra bucks! Having a store provides many advantages over regular eBay selling including a custom online store, increased free listings, lower final value fees, marketing tools and more. Kevin OutOfYourRut. It’s fast. Spend less than you earn AND Earn more money. Mohammed on 16 Jul Hi I would like to know more about this drop shipping program Reply.

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. To 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.

Types of Ebay Sellers

Selling stuff online is a good way to make extra cash. If you like that kind of profit margin, you might want to consider selling stuff on eBay or similar sites as a legitimate side hustle. You can make some serious money if you do it right. The key to success is doing it right. You can sell items on eBay successfully. You just need to know how to do it. Here are some tips for making money selling on eBay.

How this man flips brand name merchandise for a profit

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. To 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 customers and bring in more money. For tips on taking great photos and creating strong listings, read on! This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness.

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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 can operate under the 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 to 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, how to resell on ebay and make money 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 that 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 your 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. Choose 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 hoped 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 of 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 to 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 eBay 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 variety 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 Make $2,000 PROFIT Each Month Selling on Ebay and Amazon! Let’s Talk Real Numbers

Give and ask for feedback. Then I round down and use that as my shipping cost. Avoid problems by making sure your supplier provides proof of postage for every sale you make. It felt incredible to make a little extra money on the side for stuff I would have most likely donated instead of moved. Selling on eBay is not the same as being successful on eBay. Will probably be back to gt. People that want to get rich with greedy intent are a dime a thousand. Would someone purchase this item in its current condition? And while you may want to give them a shot, your Scam-O-Meter tells you. In fact Ramit Sethi outlines how to go from zero to sale in less than 37 minutes in this guide right. Knowing how your platform works will give eay an advantage over less dedicated sellers. Take it away, Susan. I think ebay is becoming a desert. Before you decide what products to sell on eBay, ask yourself, is there a market for this item? I decided that I would give eBay a try. That postage proof could save evay store if you ever need to challenge a dispute.