Best Tips on How to Use eBay to Make Money Online
eBay is the world’s largest multinational internet consumer-to-consumer auction company. eBay manages items which people and businesses buy and sell and covers a broad variety of goods and services worldwide. If you have a cluttered attic or garage, eBay is probably the best solution to turning those items into cold, hard cash. eBay acts as the middleman since they provide a safe way to sell your items. Once your item sells, they handle collecting money from the buyer and get the proceeds to you. eBay charges a listing fee to offset the cost of putting your item on their website and then they charge a commission once your item sells. When using eBay to make money, you have to be realistic. As with any other real business, to be successful requires an amount of real work.
First, you need have to have a product to sell. This means you need to locate a product source. The easiest place is to rediscover lost items of value is by looking in your attic, basement, garage, or closets. Some people buy products wholesale and resell them for a profit. Others sell things from around their house that they no longer want. Some people go to yard sales, auctions, and estate sales and find things of value to sell on eBay. Another good strategy is to watch for 50% to 75% off sales at local retail stores and buy merchandise to resell. This is a good strategy because items that are overstocked in one part of the country can fulfill a need in another part of the country. Some people sell items that they manufacture like gift baskets or picture frames. You need to consider doing all of the activities mentioned earlier. Understanding a buyer’s market requires research. The more research you do, the better chances you will have making money selling on eBay. Understanding the market also keeps you from buying items that may stay in your inventory too long which ties up precious space and money.
Second, whatever you have purchased or found needs to be cleaned up and made ready for sale. This is especially true for clothing. People buy gently used clothing, but it needs to be clean and free of stains and odors. Name brand and unique clothing items are the easiest to sell. Processing each item is time-consuming, but it will pay dividends in the end.
Next, the items you want to sell need to be photographed. It is a lot easier to sell something from a consumer perspective online if you have a good picture of it to show on the website. A digital camera is necessary because it is easier and cheaper to upload and edit the pictures on your computer. So, learning how to use your camera is a must. Once your pictures are ready, it is time to list the item on eBay’s website. eBay has a listing form that you can fill out and put in all the pertinent details such as item title, description, pictures, price, shipping costs, etc. You must be very honest in your description and mention any flaws in the item since this can affect your feedback. Here is the place to really up-sell your products good qualities.
You will also be charged listing fees for your item. It costs about 35 cents to list an item and another 35 cents to put in a gallery picture that will show up in eBay’s search list. There are other listing upgrades that you can select but they cost you more money. Once your item sells, there is also a Final Value Fee that you pay which is a commission you pay eBay for letting them host your item to sell.
Let’s get paid! Most eBayers use an online account called PayPal. It is an easy and safe way to do online transactions. PayPal will process credit cards and e-checks for you, but they do charge a small fee for their services. You can also use and accept money orders and cashier’s checks for purchases and services on eBay.
As you now know, it takes money to make money. You will not run a successful online business without making some investment. You need to put some cash into the game. You need to keep track of how much your items cost you, how much you sell it for, and how much it costs you when you sell it. That’s how you determine whether or not you made a profit.
Once your item is sold, you will need to package it and mail it out promptly. Believe it or not, you can order free shipping containers and boxes from the Post Office at USPS.com. You will also need tape, bubble wrap, packing peanuts, etc. You can then deliver your package to the Post Office for mailing. As an alternative, you can print your own shipping labels online and request free carrier pick-up from the Post Office. As you can see, getting your packages shipped also involves quite a bit of work.
So, there you have it: research and obtain your items, processing, photography, listing, and shipping. You will not make money by doing nothing. You can, however make money through eBay if you are willing to put a little elbow grease and work at it. These tips and others can be found at http://www.allgoodsdepot.com