Selling on eBay can be a difficult thing when you’re trying to make a profit. More often than not, you can list something on eBay, set it up for an auction or bid style, hope you get your money back or make a profit on it, but end up disappointed because your auction came up short. Not only that, but you get even less profit because you have to pay a Final Value Fee on both the sale price of the item and the shipping cost. That might discourage you from selling things on eBay, but know that it’s not all bad — there’s lots of people that make large profits on eBay, and it’s usually do carefully planning and watching market trends.
If you follow along below, we’ll show you how you can successfully sell items on eBay to start making some good revenue and profits. Here’s how you can do just that.
How Do You Sell On eBay?
First, at the most basic level, putting items up for sale on eBay are really easy. The first step is to make an eBay account, and then during that process, you might need to follow some steps for verification. After that, you can begin selling on eBay. To sell an item, you’ll need to navigate to www.ebay.com. And then, at the top right navigation bar, press the Sell button. Once you press the Sell button, you can enter some keywords on what your item is, or enter a UPC to pull up an exact match.
Next, you might need to fill out some other specific information on what your item is. and after that, you can start listing it. You’ll need to add photos, information on the condition, a description of the item, and then to choose whether to Auction it or Buy it Now. After that, set a shipping price, how long you want your item to be listed on eBay for, and then confirm your listing.
Congratulations, you just successfully listed an item on eBay! You’ll get a confirmation of your listing in your email.
How To Make a Profit On eBay
Whenever you list something on eBay, you really do want to make a profit on it. If you’re simply selling household items, you’re probably going to have a difficult time making some good money on something, especially if these household items you have are used.
If you want to make a profit on items on eBay, then you need to make sure that you’re being intentional on what you’re selling on eBay. For example, you might want to consider selling electronics — these sell really well on eBay. For a fitness band, you could expect to net around $150 – $200 per band. Depending on how low you can buy these fitness watches for, you can make quite a profit on them.
Another way that you can make some decent money on eBay is by looking for items that sell high on eBay, and then purchase them lower at stores around you. For example, you might come across movies at Target that you can buy for $5 each, but they’re selling for $15 a pop on eBay. You can tripe your money a couple times doing that!
Another way that people make good money on eBay is through selling items in bulk. If you can get a great deal on a bunch of home products or electronics in bulk (such as headphones), you can sell them for a few dollars more than what you bought them for. In bulk, if you’re doing this with hundreds of items, you can make a really good profit online.
Expenses to take into account
When you’re selling on eBay, you need to make sure that you’re getting paid well, especially if you’re investing a lot of time into it. You need to make sure that you’re not only properly compensated for your time, but that you’re also covering typical expenses that come with selling on eBay — this can include shipping fees, packaging, packaging materials, eBay’s Final Value Fees, and sometimes, even sales tax.
Even after you take that all into account, you can still make really good money on eBay, especially if you’re selling electronics or selling in bulk. Selling on eBay can be difficult, especially if you’re trying to turn a decent profit, such as for a living wage. But, after you get into it and start selling regularly on eBay, you might come to find out that you’re a natural at it!