Do You Make Money Selling On eBay?
It seems like everybody has been talking for years about how to make money selling eBay. No doubt, you probably have a friend or relative who claims they happily work away on their eBay auctions and pull in a very good yearly salary — all from the comfort of their own homes. A few tactical facts about making money selling on eBay can be found below so keep reading.
Is it true? Can you really make a good living selling on eBay? Well, the short answer is yes, but the long answer is that you have to go about it the right way. In other words, you have to have a good strategy. Hi, I’m Rick Bell, and today we’ll be covering this very topic of making money on eBay. We’ll go over some solid and proven strategies for making the most of your eBay experience. So, let’s get to it.
How Do You Sell eBay?
Tactic #1 — Before you do anything, you have to know what it is you want to sell. Is it antiques, new items, sports memorabilia or something to do with a hobby interest? You need to define your goals as it relates to what you to sell and what specific business goals you want to achieve.
If you aren’t sure of how you want to build your business or what products to sell, simply go to the eBay homepage and click on “Daily Deals.” Here you will see lots of categories across home and garden, technology, sporting goods, collectibles and other areas that will help give you ideas on what you want to sell.
Tactic #2 — You’ve got to know where to find the items you want to sell. Once you have decided on what items you want to promote and sell, you’ll need to find a reliable source for them. Depending on the size and/or cost of the items, you can either stock them yourself or have them drop-shipped from the supplier.
Tactic #3 — How will you get your products to your customers — the question of shipping. Generally speaking, you will want to ship your larger/bulkier items through a private shipper like UPS and your smaller items through the U.S. Postal Service. If you are shipping via the postal service, all of the shipping boxes, envelopes and labels are free.
Tactic #4 — Sell different types of products. Just like an investment portfolio, you should diversify the merchandise you sell on eBay. I sell some new items, which I store in my house and I also sell some items on commissions of up to 40 percent for other people who don’t want to deal with learning the system or selling them on their own.
It’s a really good markup but you have to keep in mind the significant fees charged by eBay and PayPal. Finally, check out the garage and yard sales in your area. They can be a treasure trove of items. Many times people don’t really know the value of what they have.
Tactic #5 — Write high-quality content. We all know that there is nothing more boring than reading lifeless copy when we’re trying to decide on a purchase. That’s why companies spend in the billions each year on advertising and copy writing. If you are trying to sell hamburgers or the latest swimwear, you have to use language that makes the customer want to purchase.
The same goes for your eBay listing. Make it well-written, interesting and personal, if it applies. As an example, I recently sold a guitar on eBay that belonged to my great uncle, who was a minor recording star in the 1950’s and played with Elvis a few times. Although the guitar itself was highly collectible, it was the personal information that sold it for me at full asking price to a collector.
Some Bonus Thoughts For eBay Selling
I’ve been selling on eBay for several years now, and of all the items and categories I’ve seen, there are some that just seem to sell no matter what. If you’re still wondering or have no idea of what you want to sell, here is a list of perennially popular items:
- New whole sets of baseball cards
- Video games, brand new and still in the wrapper
- Game consoles — this goes for new ones and vintage consoles
- Vintage signs, posters and memorabilia from iconic brands like Coca Cola, Texaco and Quaker State
- New elctronics, including cell phones and tablets
- Digital SLR cameras
Final Thoughts On How To Make Money on eBay
It is very possible to make good money selling on eBay. But, if you are new to the idea, you’ll have to understand that eBay is its own ecosystem. It is well established, a bit complex and goes back to the earliest days of online selling.
However, there is lots of good information out there and I hope this article has given you a primer for delving deeper into their program. I of course make money there myself every day!
I also personally use the community at The Wealthy Affiliate as a great resource for online and affiliate marketing in general. And I find the community’s advices extremely helpful with my own eBay store. Again, I hope this information is helpful. I’ll be writing more on eBay in the near future.
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Unlike eBay, affiliate marketing allows you to sell over peoples products without handling them. Similar to drop shipping, but with less troubles. And Risks! Check out my review on Wealthy Affiliate if you are interested in making a bundle!
If you want to leave a question or need help in anything at all…you can reach me below. I’m here helping others each day and will be happy to help you.