There are million eBay buyers worldwide. There are a few different types of eBay sellers. PowerSellers are professional sellers who spend a lot of time purchasing items, packaging products, shipping and receiving goods, and managing auctions. To make extra cash, she turns to her closet and sells her gently used designer threads under a fixed-price listing. He scours the internet for comic book collectibles and video game action figures to resell. Make money using ebay start a business categories that sell particularly well on eBay are:. While some eBay sellers focus on a niche product, others follow the trends to sell what ebaay popular at the moment.
Opportunities for starting a business on eBay
I wouldn’t let anything, even a divorce stand in my way. My solution was eBay. I could make a killing on eBay, good profits, ship when I wanted to, and still be there for every second of my children’s lives. It was the best of both worlds. Although I’ve been selling on eBay for 15 years, I created a very successful, stable income for myself and my kids in a year and a half. There was no teacher telling me what I should do or not do. It was all trial and error. After all, the best secrets of how to make a living on eBay are a secret right? When you’re first starting out on eBay, you just want to sell whatever you have lying around the house. You’d be surprised at what goes for good money on eBay, especially if you break parts up. Let’s say your vacuum just broke and you replaced it with a new one. Totally not kidding! Someone else may not have the money to go out and buy a new vacuum, so they buy the parts off eBay and it saves them money. They are happy. You are happy because collectively for a few parts, they just bought you a new vacuum! Shipping costs these days can ruin a business. If you want to have a successful business on eBay, you need a store. There’s no going around it. There are so many perks to having a store, one is that eBay promotes your store on search engines, so you’re getting a lot more traffic than you will not having one. Another perk is that it automatically gives you credibility. Do you know how many cases are opened with eBay by fly-by-the-night scammers? People want to order from someone who has great feedback and has a store. Customers know you take this seriously and you have a reputation to protect. This means that if anything goes wrong, you’ll stand by them. If you don’t have a lot of money to work with, again, look at the Freebie section in Craigslist or on local Facebook groups. You can easily get yard sale leftovers, curb alerts and free stuff all the time on there and sell what’s worth money, and give away or throw away what’s not. Think it’s not worth it? This is how I made my living the entire first 6 months after I started eBay. What really went well for me was clothes.
How to make money on eBay in 37 minutes
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. Spend time on ebay browsing outside your normal categories. Find out what’s hot at www. Become a trading assistant and sell other people’s items for a commission. As a Trading Assistant, you won’t have the expense of building inventory, and you can build your business on eBay very quickly without having to spend a lot of capital. Take some calculated risks. Being too careful can cost you. Do a little research on eBay, and trust your gut when you find potentially salable items. If you’re not familiar with the product you’re trying to sell, educate yourself before you write the description. If you describe the item incorrectly, buyers may be leery of bidding. Even worse, buyers could decide not to bid on any of your future items if they’re under the impression that you don’t know what you’re selling. The more correct information you have and use, the more credible you’ll become in the buyers’ eyes.
Steps to Getting Started and Growing an eBay Business
With more than million active users in , Ebay remains one of the top online platforms for buying and selling products. It currently sits at the number 3 spot behind Amazon and Walmart in terms of visitor numbers, with an impressive million visits per month. Ebay lets sellers create an auction easily and cash in within a week. As of February of , the app has an audience reach of People dipping their toes into Ebay for the first time are usually looking to sell pre-used items. These Ebay users pop up only when they have stuff to sell, usually items they have around the house. This group of Ebay sellers trade during their free time and usually scales up when the business shows true potential to expand. Refers to established businesses with a large customer base and significant product turnover. They typically work full-time on their Ebay business. Knowing who to source your products from and building a strong relationship with suppliers is one of the most important pieces of the puzzle if you want to have a successful dropshipping business on Ebay. Most beginner dropshippers will probably fire up Google and try to look for a product to sell and where to source it. And while you may want to give them a shot, your Scam-O-Meter tells you otherwise. The truth is, these products have so much competition that only the top sellers with thousands to spend on marketing and massive orders are getting the bulk of the sales. You can see examples of good items to sell in our blog. Try using a listing analytics tool such as the SaleHoo Market Research Lab to narrow your focus to what’s actually selling on eBay. Once you’ve chosen the type of items you want to sell , it’s time to move on to the next step. To make money on eBay through dropshipping there are two things you have to know like the back of your hand: the eBay platform and your dropshipping suppliers. Price is important, of course, but there are other factors that come into play. As a dropshipper, you know that your lifeblood is in the fulfilment packaging and shipping your goods. Take the time to thoroughly investigate your potential suppliers. If possible, visit their place of business to see how it’s run.
The eBay Community
Show less Founded ineBay has grown to be the world’s largest online marketplace with over 90 million registered users.
By providing sellers access to prospective customers in many countries, and offering buyers international access to merchandise of their choosing, eBay has provided e-commerce opportunities for entrepreneurs large and small. To start a business on eBay, register as a seller and link your PayPal account to your eBay account so you can accept payments.
Next, decide if you want to sell new, used, vintage, or antique items through your business. When you’re ready to start selling, list your items with clear descriptions and pictures. File for a tax identification number to be recognized as a business and consider talking to an accountant if you have any questions about taxable income you get through eBay.
For tips on cost-effective shipping, read on! To create this article, volunteer authors worked to edit and improve it over time. Together, they cited 8 references. This article has also been viewed 15, times. Categories: Ebay Businesses. Log in Facebook Loading Google Loading Civic Loading No account yet? Create an account.
Article Edit. Learn why people trust wikiHow. Author Info Updated: May 24, Learn more Method 1. Open an account at PayPal if you do not already have one and do not have another means of accepting credit cards.
Electronic payment methods that meet eBay guidelines also include Paymate, ProPay, Moneybookers, or direct electronic credit card processing through your own merchant account. Apply for a credit card or open a bank account in your own name if you don’t already have one. EBay will require this information when you register as a seller. Method 2. Indicate that you want a seller’s account when registering. Provide the required banking information and follow any other instructions they give you in regards to verifying your accounts.
Start selling under an eBay user ID you developed as a buyer if you built good feedback. Although feedback as a buyer does not give you the same credibility you will build over time as a good eBay seller, it does show you are a responsible member of the community.
If your current user ID doesn’t meet the qualifications for selling, because you have not given eBay the extra information required on a seller’s account, the company will notify you of this when you try to list an item for sale.
Set your feedback to public so everyone can view it. Although users can buy on eBay with a private feedback profile, public feedback is required for all sellers.
Method 3. Browse the site and the merchandise if you are completely new to eBay. Read other sellers’ auctions in an assortment of eBay categories to see what they sell and how they sell it. Locate a few items that you already own that your search results show have an eBay market. Choose non-breakable items that are easy to ship while you are learning.
List those few items for sale using the eBay standard listing form. Provide clear and accurate descriptions and pictures so there is no confusion among your buyers as to what they are bidding on. After your listed items to sell and the buyers to pay for their purchases, carefully package and ship the merchandise.
Continue to practice selling with your own unwanted possessions or single items you pick up on clearance or at garage sales. Pay attention to see if there is a particular category or type of merchandise that you enjoy selling and that sells well for you.
Get a feel for what works best with your pricing, shipping charges and customer relations. Method 4. Decide if you want to sell new, used, vintage or antique merchandise on eBay. If you want to sell new merchandise you may need a steady wholesale supplier or drop shipper as your business grows.
Initially you may be able to obtain enough new merchandise locally by shopping on clearance and hunting down good buys; but as your business grows your make money using ebay start a business needs will increase. Choosing the used, vintage and antique merchandise market means scouting out area flea markets, secondhand or consignment shops, auction houses, and estate and garage sales to keep a steady supply of unique marketable merchandise on hand.
Consider shipping issues and costs when choosing what you want to sell. Your customers want to have their purchase in their hands at a reasonable price. Because they have to pay shipping fees, they consider their bid price and their shipping costs when deciding how much they are willing to pay for your product. Heavy items cost more to ship; consequently, they may sell for considerably less than lightweight items that make money using ebay start a business cheaper to ship.
Damage caused during shipping is the responsibility of the seller. Not only is damage greater with breakable items, but the amount of time you spend packaging them and the money you spend on packaging supplies and shipping insurance increases. Method 5. Speak to an accountant for advice on keeping your eBay business records.
Income you make from eBay sales must be reported on your taxes. File for a tax identification number and collect and submit sales tax as required by your state. Research and learn about your product line and sales trends in your marketplace so your business can continue to grow. Include your email address to get a message when this question is answered. Already answered Not a question Bad question Other. Related wikiHows. Article Summary X To start a business on eBay, register as a seller and link your PayPal account to your eBay account so you can accept payments.
How to make money on eBay: Selling tips
Check it. Here’s. Plus, insider tips on how to make money on eBay from eBay senior exec Jim Griffith. Ramit Sethi. We also interviewed a senior executive at eBay to get insider tips on how to make money selling stuff on eBay. Want more money? Susan and I are both fans of Big Wins. That means aggressively cutting costs, optimizing our spending, and earning. How much can you really make on the site anyway? Most importantly: Is it worth it … or am I just going to get screwed by selling all of my stuff way below market value.