When I was new to eBay, I used to buy products I needed, like any other person does. Eventually, I learned that I could sell my personal items as well as buy and sell any other interesting item. Its funny if I tell you like this now, but this in fact happened in early 2001. That was the time I explored on eBay and started selling items.
Some of you may be still new to eBay, so are excited to know what eBay is and its services are. eBay is the world’s largest online market place, where you can sell/buy items. This is one line answer about eBay but there is lot more to know if you want to find out. When I said, its largest online market place, it does not mean eBay owns and sells the products, but what it means is, eBay provides an interface between buyers and sellers so that buyers can search, bid, and buy products thru eBay. Both buyers and sellers are benefited by eBay because of its popularity and more visibility to the market.
How to Earn money online with eBay
Nothing can be more exciting and satisfying than earning money through few clicks of the mouse. eBay offers you one such option. You don’t need a college degree to know how to sell stuffs online. All you need to do is register, get yourself verified and start selling. It is that easy!
When you can buy things with few keystrokes and clicks, who would bother to go all the way to a store? While shopping online, buyers have the huge advantage of searching for alternate options and getting comparative rates. So you can buy the same stuff for cheap from the guy 200 miles away through eBay, rather than paying more at your local store.
Do I need to put in money?
Well, yes. You pay a nominal insertion fee to list your item on eBay. It is like paying money for inserting your advertisement in a newspaper or magazine. If you manage to sell your item successfully, you need to pay a nominal final value fee before you can complete the deal.
Who can sell on eBay?
Even your grandmother! Anybody with a valid email id and bank account can sell on eBay. You just need to register and create a seller’s account, all free and verify your credit card or bank account for transactions.
How to sell on eBay?
Got any junk item at home lying around for a long time now? Are you even looking?! You have no idea, but there are people who are interested in stuffs you think are junk. Those are the stuffs you need to start with. Make sure it is in a reasonably good condition. And no, you cannot sell rat bitten winter coats or broken but fixed vases! Search the internet for the right price for your item. Put up for sale through auction or fixed price.
Listing your item for sales
You can sell just about anything online. It can be used, new, or vintage. The only exceptions are alcohol and tobacco, for health reasons, you know. Know what your item is worth and rate it accordingly. If you overprice your item overcome with greed, it may never sell! So curb that greed and be honest to yourself while pricing your items.
List your item in the correct category with proper photos. Avoid spelling mistakes in the title and description. If the buyer is looking for ‘keychains’ and you have a listing with ‘kyecahins’, buyer may never find your item ever. Listings have expiring dates ranging from 1 day to 30 days.
Auction… and sold!
eBay can be one exciting place. You can put up your item for auction and watch people bid on it like it happens in a real auction. Never thought anybody would be ‘bidding’ on your keychain collection, did you?!
What happens if somebody bids at a price much lower than the actual worth of your item? You can have a ‘reserve price’, which would be the minimum price you need for the item. This price is confidential. If nobody happens to be bidding more than that, you can ask the bidders to shoo off and not sell you item.
For example, if your item is worth $30, you can set the starting bid at $1. If nobody has bid anywhere near $30, you need not sell the item.
You can give your bidders a second chance to buy your item by lowering your reserve price. It can be hard, but you need to establish yourself as a seller before you can demand higher prices, buddy.
Fixed price listing
This one is like the dollar store, where everything has a fixed rate and cannot be bargained. If you feel your item is worth nothing less than $20, fixed price is the place to go for. Buyers can buy the item right away without any bidding.
The listing lasts up to 30 days and keeps on renewing until the item sells. Insertion fee is deducted for every renewal. So you better price it properly so that it sells quickly. Don’t want to pay an insertion fee that is more that the actual value of your item! If that happens, selling isn’t your ball game.
How do I get paid?!
You can give the buyer options like PayPal, check, direct money transfer, etc. Once somebody buys it, send your items to the buyer ASAP. You would have earned cash right there sitting in front of your computer!
Your lucky stars are smiling on you and your sales are booming beyond your imagination. Time to become a PowerSeller! You get 20% discount on your fees and a trust badge that is synonymous with trust and credibility. (More info…)
Expanding horizons – More ways to earn with eBay
You can reach 10 times more buyers by registering in all eBay’s affiliated sites and earn even more. You can use eBay’s ‘seller’s tools’ for free to help you get organized. (More info…)
Earning without selling anything?
Yes. If you can divert some of the users coming to your website to eBay, you get paid! You just need relevant advertisements of eBay listings on your website. eBay pays you depending upon the quality of traffic that eBay and its affiliate site get. And best part is your investment is absolutely nothing and you get paid! (More info…)
Allen Brigham got his spark of business by selling old video games on eBay, which he had fetched from his friend’s son who told Allen how much they could be worth. Indeed, he got quite a profit out of it and there was no stopping him from there. He now sells under the name AB Restaurant supply with his old friend as the supplier. Read his story here!
After being laid off from her job, Wanda Silva started her venture into eBay in 2002. After she ran out of things to sell at home, she began buying stuff from local clearance sales and selling them on eBay. She opened up her Silver Toe shop and is now a PowerSeller on eBay. Read her story here!
Here is another success story of a couple who started this sports shop with mere $800 and now owns a store worth 3.3 million! Watch them here.
Taking in the inspiration, turn to your calling now and earn money right from your home though eBay!