Selling goods on eBay can be an effective way to earn some extra money. You can sell items from your home on your own terms, whether those items are related to your hobbies and interests or things you need to get rid of. Depending on how much time you want to dedicate to making sales online, selling goods on eBay can be a good way to increase your side income or a full-time job if you find that you are really good at it.
Step One: Create an Account
Before you can list any goods, you need to have an eBay account to sell items. Consider whether you need a personal account or a business account. While the decision ultimately rests with you, you should consider operating with a business account if you are:
- Reselling items or dealing with wholesale listings.
- Creating the products you are listing on eBay and acting as a manufacturer.
- Managing large volumes of sales regularly. A business account can reduce your fees on sales and generate better business exposure.
- Selling items that are not for personal use. A business account can reduce tax liabilities.
- Selling goods on behalf of someone else. A business account often allows users greater flexibility in the number of listings.
If you are unsure whether you need a business account or a personal account, you can always switch after creating your account. Go to the “My eBay” tab then select “My Account” and then “Personal Information.” By clicking the “Edit” button, you will be able to change your account type and enter your business details when you are ready.
Step Two: Administrative Preparation
There are several additional administrative things to consider before listing your first item. When setting up your account, consider a suitable eBay username that suggests trustworthiness. Set up your PayPal account in advance to ensure you will receive payment quickly when you sell your first item. If you haven’t used eBay before, browse the site and identify a low-cost item and test the “Buy It Now” feature to see the customer experience.
If you plan to list your first item with the “Buy It Now” option, be prepared with shipping supplies beforehand. You won’t know how long it may take to sell your first item, and if it sells faster than you expect, your first customer might have to wait while you gather what you need to ship the item.
Step Three: Preparing to List the Item
It’s time to start selling! Gather items from your home that you no longer want to use. After collecting a box of items to sell, research the “selling” section on the site and click the blue “List an Item” button.
You will be prompted to fill in product details, upload photos, name the item price and shipping costs, and other information. Before setting up your listing, navigate to this part of the site to understand better the information required. After some time, you will become accustomed to what is needed; for your first listing, write out a list and gather information before proceeding.
Note: Books are a good item for beginner sellers to start with. Their size and straightforward shape make the shipping process simple, and their price can be easily determined by other listings.
Step Four: Setting the Right Price
Learning how to price your goods is an important part of being a successful seller on eBay. You can see how similar items have sold by searching for the item on eBay and adjusting your settings to view sold listings. You should not determine the current market value based on the sale price but based on how much sellers can get from the item’s price.
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Also, use other online selling platforms like Facebook Marketplace, OfferUp, Craigslist, Poshmark, and Nextdoor to determine the right price for your listing. This might be easy if your item is popular and standard (for example, a specific book). If your item is more specific or unique, create a list of similar items and how they are alike or different from your product and adjust the prices accordingly.
Spend some extra time researching how much money you should ask for more valuable items, like vintage furniture, art, or antiques. You’ll want to make sure you understand the value of the item before listing it so you don’t sell yourself short. Websites like WorthPoint.com can help you determine the right listing price.
Step Five: Optimize Your Listing
When creating your listing, your goal is to make it as appealing as possible to potential buyers. Pay attention to what other sellers are doing, especially those who are making sales. Whether it’s by offering free shipping or using specific keywords in their titles, there are always ways to gain an edge in your eBay listing.
Title
eBay product listings allow for up to 80 characters. Your goal is to easily communicate what you are selling and make the consumer
Source: https://www.thebalancemoney.com/how-to-make-money-on-ebay-5189929
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