If you want to tk making money at home wbay, with little ooen no investment, selling on eBay is a viable option. There are many advantages to starting an eBay business including:. Like any business, you need to research, plan and then implement and evaluate your plan. If you’ve never bought or sold something on eBay before, now is the time to do it. Taking a test drive on eBay will not only help get familiar with the system but also, determine if it’s something you want to turn into a home business. Sign up for a free account. If you know you want to build a business, use the eBay business account sign-up option. Sign up for a PayPal accountwhich will make it easy for buyers to pay you as soon as the item sells. Buy .
When is the right time to open an eBay store
Ebay is an online shopping and auction venue that allows people to buy and sell used or new products, either as a business or as a way to clear out clutter and make a bit of extra cash. While the site is free to use, eBay does charge some seller fees. As you work through the process of deciding what to sell, remember to keep things like shipping and storage costs in mind. Mailing a USB drive is a whole lot easier than a billiards table. Ebay does have a list of things you cannot sell, or that have restrictions. Do you have a hobby? We suggest picking something you know because an important part of selling on eBay is knowing what the market for these items looks like. Tip: If you love doing market research, Terapeak is worth a try. You can use Terapeak to get access to inside information on how shoppers are behaving, and how products are performing on eBay, Amazon, and Alibaba. You can try it free for 30 days. Electronics, fashion, and collectibles are consistently listed among the most popular categories. Figure out how the site works before you have to deal with complaints and returns, regarding faulty monitors, keyboards, or hard drives. Normally, when you list items on eBay, you are doing so as a member of the general public and you do not need to commit to any monthly fees. With an eBay store, however, you are required to pay a monthly fee. You can decide on a package that best suits your needs and keeps costs relatively low. People may want to browse and see what else you have. Use this free downloadable business startup checklist to help you stay organized as you get closer to launching your eBay store. In fact, as soon as you start selling a lot on eBay, or turning a regular profit, the IRS will classify you as a business, and you will need to meet all the requirements a normal business has to meet. It costs very little and will keep you in the clear. Broadly speaking, there are four legal structures or business formats. For some people, picking a form of business is straightforward; for others, a consultation with a lawyer is necessary. A sole proprietorship is the preferred type of business for many individuals running either a part-time or full-time business on their own. You can run a sole proprietorship from your personal checking account and can deduct many of the expenses related to the running from your state and federal taxes. The risk associated with a sole proprietorship is that all business liabilities are linked to you personally. If you default on loans or have outstanding debts, you could lose your personal assets. Forming an eBay partnership with one or more people can be a very productive way of making money on this platform. It may start out with an oral agreement, but a formal written agreement should always be created; consider all duties, possible disputes, restrictions, and provision for worst-case scenarios—i.
Where Should I Begin?
Whether you’re about to start a business on eBay or are ready to take your existing business to the next level, we’ve put together 51 tips for successful selling on eBay from a panel of experts:. Set aside a day to browse the entire ebay site. Use the eBay Navigation Bar as your anchor—it’s located on the top of every eBay page. Make a note of the pages you’ll need in the future, such as the «Services» page, which contains a treasure trove of tools and services. Get step-by-step guidance. Visit www. It teaches everything you need to know to sell on eBay and offers interactive audio tours that show you exactly how to create a listing. Sell what you know first. If you’re into fashion, sell that; if you’re into golf, sell golf equipment, and so on. Be observant. Watch for opportunities to obtain items in quantity if possible at a low price for resale. Often, they’re right under your nose, such as merchandise your local retailer would liquidate. Make an offer to clear out the re-tailer’s old or damaged stock. Don’t start out with just one product or product line. An effective way to build a customer base on eBay is to offer at least two separate types of items, between which you can cross promote and drive customers from one to the other.
Steps to Getting Started and Growing an eBay Business
If you want to build a profitable ecommerce business that stands the test of time, you need to register your own domain and start your own web site. If you are interested in starting an ecommerce business, I put together a comprehensive package of resources that will help you launch your own online store from complete scratch. Be sure to grab it before you leave! Click Here To Download. Ebay, like most publicly traded companies, is primarily concerned with their own growth and stock price. What this means is that you are always at their mercy. They can switch up the rules whenever they want and drastically affect your sales. They can also ban your sellers account at any time. Over the years, Ebay has made dramatic changes that have put many sellers out of business. As a slave to their platform, you can never be complacent and they continue to raise prices to appease Wall Street. In addition to the final value fees listed above, Ebay also likes to nickel and dime you with listing fees as shown in the table below. In addition to this, you also have to pay a monthly store membership fee for the privilege of creating a web presence on a platform that you do not control. Note: The difference in plans comes down to how many listings you plan on having in your shop and whether you need dedicated customer support. Ebay shops also get a slight discount on the final value fees. A below standard seller is a vendor who…. Because Ebay is so competitive, there have been reports of unscrupulous sellers who purposely sabotage other sellers by making false purchases and leaving negative feedback. Every time a buyer successfully wins an auction for an item you sell, Ebay charges you a final value fee. When this happens, Ebay still charges you a final value fee unless you manually request a refund using their unpaid item process. If you sell many items through Ebay, this can be a very tedious process. While Ebay has introduced an unpaid item assistant to help with this issue, not all sellers have access to this tool.
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Vintage Adidas athletic wear from the s. Hummel figurines collecting dust in your curio cabinet. Baby clothes and accessories left over from your children who may or may not be in college. What do all of these things have in common? All of these items can be sold for good money on eBay! Find out how to sell on eBay and get maximum profits. This post may contain affiliate links for your convenience. That means opdn if you make a purchase, I will receive a small commission at no extra cost to you.
Read more. I started cashing in on my unwanted junk after a good old-fashioned decluttering session after looking around and wondering what the heck I was going to do with all my unwanted crap. When I shifted my career focus to blogging, I realized my blog was the perfect platform to help others — even beginners — start making money on eBay. To sell on eBay you will first need to set up an monney if you already have a buyers account with eBay, you should still read this part to make sure that your account is set up properly for selling on eBay.
Time to make like Bob Barker. Pricing eBay items correctly is a key step that trips up many new sellers. You want to receive top dollar for your items — but guess what? Buyers generally want to pay bottom dollar and they have lots of options and sellers to choose from unless what you are selling is extremely rare. I could list a worn-out matchless left shoe anf dog poop stuck on the bottom for one million dollars if I wanted! How do you know what other people are charging? You used the eBay advanced search function, which we will discuss in the next tip.
Buyers find comfort in those numbers and may be willing to pay you a bit. Here is how to use the eBay advanced search to check sale prices; I mmoney going to use Max Mara vintage camel coats as an example if you happen to have one of those, you are one lucky duck — they sell for hundreds or even thousands of dollars! Once you identify a target price remember, the sale price in green or price range, you can move on to the next step; listing your item on eBay. Check out this list of 49 eco-friendly ways to get rid of stuffrather than throwing it in the trash!
Now, other moneey may tell you that if you want to make money on eBay you need to open an eBay store — and Too agree with that to a point.
If you have a pre-existing account and have built up some positive reviews, even as a buyer, you may want to go ahead and open an eBay store.
However, if you are just getting started on eBay with a brand new account I maake recommend waiting to open a store until you get a few sales and reviews under your belt.
Buyers on eBay have a lot of choices. Think again! If you own it, you can almost guarantee someone else wants it — for the right price. Start with your own neighborhood. Trash days are scheduled like ane for a certain day of the week — on these days you mmake often find crazy amazing stuff just laying outside ready to be picked up by the garbage men!
Even broken or non-functional items can be sold on eBay, as long as you are open and honest about the condition.
People buy used and non-functional iPhones all the time to fix up or flip themselves. In fact, you can often make more money selling an item as parts versus the whole shebang. Take sbay cleaners for example; they are eebay, bulky, and the shipping monsy alone would eay up tons of your profit. You can sell parts like the motor, cleaning attachments, hoses, filters, etc — often for the same price as a buyer a new vacuum cleaner yourself! Pretend you want to buy the exact item you are listing ztore how would you search for it?
What words would you use? Even after your listing goes live you can pretend you are a regular buyer looking for something like your item and run a search, then see how close to the top of the results your hpw displays. I have gotten listings to jump from the fifth page all the way to page one just by adjusting the keywords in the title. If you do a good job, your maie will not only appear high in eBay search rankings but also has the chance to appear in Google shopping search rankings!
For the mlney description, you are going to go into even more detail regarding the item you are selling. Restate all the information from your title in more. If you are selling clothing make sure to put in measurements, such as armpit-to-sleeve and inseam length. Feel free to check other similar listings to see what kinds mooney details they put into their description if you need a starting point.
This will reduce the possibility of a return as well as negative reviews on your account. This used organic Ergo baby carrier with infant insert still sold for a pretty penny, despite some black marks on the insert which were indicated by pointing with a pen in the listing image.
Pro-tip: a closed pen or pencil makes a great accessory to point ebat flaws or imperfections with precision in your eBay listing! Get in touch with your inner photographer and try and make the pictures of your items beautiful.
Aand, think like a customer — what do you look for when buying a product? In general, you want the image to be clean, bright, focused, and clear of clutter, with a pleasing background usually a light, neutral color like white to help the item stand.
Now is not the time to have your cat hair floating in the background or to have your lingerie hanging on a rack behind the item. If possible, display the item in many different ways and give the buyer an idea of the sizingif necessary. If you provide many images from every angle the buyer will know exactly what they are getting and you reduce the chances of returns or other issues. While eBay has an entire FAQ section dedicated to seller feesoften the tl way to estimate the total amount of eBay fees you will pay is to use an eBay fee calculator like this one.
You also have the option of adding a reserve price to your snd but I typically avoid doing that for two reseasons. First, buyers makke to know if they bid on something they actually have a chance of getting it. Second, adding a reserve price will additional fees to your final opne price and reduce overall profit. One of the best ways to reduce fees and increase profit when selling on eBay is to minimize shipping costs.
This is less intuitive than you might believe, but over time you definitely get a feel for estimating the size and weight of the item and how much it might cost you to ship anywhere in the country. Depending on where you live, shipping will cost you more or less depending on the shipping method you choose.
For example, if you wtore in New York and your buyer lives in California or Texas that is going to be more expensive than if you are shipping to neighboring New Jersey. Whenever possible, offer free shipping and roll the cost of the shipping into the total price of the item you stoe listing. If possible, try and keep your shipping and handling time as low as possible while still being able to fulfill the requirements, every time.
Some people want speedy delivery and others prioritize saving money! If you have a lot of books or tech to sell you might like to check out this comparison between eBay and the Decluttr app to decide which amke right for you. Even if you are just a casual seller working from home you will need at minimum the following items:. All of the items listed above are ones I personally use and recommend. Buy now! For selling tops and dresses choose a torso mannequin; if sotre plan to tk pants, you would choose a leg mannequin.
In my experience, clothing that is displayed upon a mannequin sells better than clothing monfy on hangers or laid upon the floor — however, often the best option is to take plenty of pictures and list using a combination of all three methods!
You have been warned. If you are considering selling clothes on eBay as a side hustle, you should consider getting an adjustable mannequin so that you can model all sizes of clothing. Eby have heard from thrift flipper friends that plus sizes in brand-name clothing sell very well on eBay because plus-sized people, women in ahd, often find it difficult to find stylish and affordable clothing locally in stores.
How do you know if this is the right choice for you ope what are the benefits of an eBay store? Your phone is the ppen powerful selling tool you have in your eBay arsenal. The eBay app makes it easy to research competitors, take pictures, list items, print shipping labels, and track your money all from one pocket-sized device.
If the lighting in your house is so-so or pictures come out less attractive than you would like, you can use an app like Snapseed to crop and adjust the image. As an eBay seller, you will need to deal with all sorts of stors and you should strive to stay calm and professional at all times. Besides general questions about items, here are some other issues you may encounter as an eBay seller:. Here are some other common eBay scams to watch out for as a seller or buyer.
The eBay global shipping program is a great way to open up a wider pool of buyers all over the world. If you mame the Global Shipping option, all you have to do is print the shipping label, as usual, attach it to your item, and send it to the forwarding center in Kentucky. If you have an item listed for free shipping under First Class Mail, not to fret. The free shipping covers the shipping to the shipping center and then the buyer will be responsible for all charges for international shipping.
I have sent belts to Italy, sweaters to Korea, pens to Turkey, pillows to Puerto Rico, and more and I have yet to encounter a single issue. I do recommend that if you notice a buyer is overseas to message beforehand and make sure that you answer any questions that they uow have especially if it is in regards to clothing or shoes, where fit can vary. I hope you found this eBay selling guide helpful.
If you have any questions drop them in the comment section below and I will get back to you. Sign up for our newsletter and get immediate to our Resource Library where you can download and print off your FREE eBay listing stoe Super helpful, as.
Your guides and tutorials are always precise and easy to follow. This ebay guide is amazing! This was an excellent article.
Thank you. For some reason I still am not sure of the author. What amke the last name? Also, I would love to know the name of your Ebay store. Thank you again for your informative article.
Step-by-step guide to setting up your eBay store
How to start an eBay business is something most aspiring ecommerce merchants have wondered. After all, eBay is one of the oldest and most recognizable ecommerce platforms. The site had million active buyers in the second quarter ofand averages 1. It takes skill, dedication, and more than a little insider knowledge to turn your online store how to open an ebay store and make money a respectable operation. The process of starting an eBay business is actually fairly fo. But before you dive in, we recommend doing a little pre-planning. A personal account is for casual selling, while a business account allows you to sell large quantities of products. Then, eBay will ask for your legally registered business address and phone number anr order to verify your credentials. The first thing you want to do when you log into your account is adjust your account preferences. From here you will be able to update shipping information, buyer requirements, communication preferences, and addresses associated with your account. The most important thing to update here is your payment method, as this will be how you pay for your selling fees. You can choose between PayPaldirect debit, or credit card. This card or account will be charged automatically based on your seller invoice. Now comes the fun part—adding products to your store. The quick listing tool expedites the process of adding products by allowing you to enter keywords to describe your item. The advanced listing tool allows you to go more in-depth with the information you provide. You can input a product title, product categories, photos, item description, selling details, and shipping information, among other criteria. With both the quick listing and advanced listing methods, eBay calculates your seller fees based on the product information you provided. The most important elements include your selling information auction vs. Instead, start small. Make sure you can handle the core functions of maintaining an ecommerce business filling orders, handling returns. Even if your eBay business is a side hustle, you need to dedicate time to it every day if you want to see go results.