Making Money with Ebay - By: Chris Spencer
Ebay is a very popular forum for selling items that are no longer needed or items that are made by the seller. However, many people have found that there are a handful of people that will buy just about anything and have capitalized on this characteristic.
Making money online with Ebay is not very difficult, but the process of listing an item for sale can be intimidating. If potential sellers look at the laundry list of things that must be done in order to list an item, they usually decide that the money is not worth the effort an dturn the other way.
Howver, if potential sellers will remember that Rome was not built in a day, they may be able to take a step back, go through the selling process step by step, and start to realize that they, too, can have a share of Ebay money.
Making money online with Ebay all starts with having something to sell. When getting your feet wet with using Ebay as a money maker, do not quit your day job an dtry to list one thousand things to sell on the first day.
Perhaps even more importantly, do not go out an dbuy anything to sell. When first learning how to list items to sell on Ebay, search around your home environment for objects you no longer use or want.
For example, you may have your eye on a great new purse at the mall but cannot justify spending $80 on a purse when you have a perfectly good one. Well, why not try to sell that perfectly good one?
Are you going to get $80 for a used purse? Probably not, unless you happen to own a name brand purse taht sells for around $800 new.
However, if you can get, say $15 for your used purse, you may be able to justify spending some above and beyond that for that new purse that you had your eye on at the mall.
Another great item to start selling is books. There are many people who have a wealth of books sitting around in boxes. Rather than letting them go to waste an dtake up room in your attic or basement, why not sell them on Ebay?
They are already paid for, so any amount of money will be better than nothing. If you have two hundred paperback Romance novels somewhere in storage, you may not get more than $.25 a book for them after listing fees and shipping. If you look at the glass half full, though, that comes to $50 more than you had to begin with and a whole lot less clutter in storage.
Another reason to start with articles you already own is that you will initially have difficulty getting someone to buy from you. Until you have proven yourself with a successful track record of selling and delivering, people will be leery of you. If you have money tied up in an item, you may not be able to wait long enough to establish a positive rating.
So, once you find an item or two to sell, what is next? Well, first you need to do some research and decide what price to start bidding for your product.
A great way to determine a range for the item you want to sell is by looking bat the Completed Items category on the Ebay website.
If you indicate that you would like to order item like yours by the highest price, you will have a nice and quick idea of what they sold for, or if they even sold at all.
Take a look around Ebay and see what similar items are selling for. You do not want to start your bid too high or too low. So, it is worth the time to familiarize yourself with the current market.
It also bears that people who use Ebay are looking for a bargain. Half of the fun of Ebay is lookig for products you really want and the satisfaction of getting that item for far less than retail.
The other half of the fun is bragging to everyone you know about how much you paid for it!
So if you want to sell your item, you need to think about what people ( including yourself ) would consider to be a bargain. Start slightly below that price range and see how you do.
All of this bargain talk being said, if you do have an item of valuearound your house and you do not want it anymore, do not use this item as your test run or even your third or fourth item.
Rather , save any item of value until you feel very comfortable with the system and you feel you have a good handle on pricing. Then, once you know your way around Ebay, you can make a nice profit on a prized procession rather than giving it away at the beginning stages.
Once you have decided on a prize, you will need to actually get the item onto Ebay in order to make any money online.
Ebay has a wealth of information on the website and rich is an invaluable resource. Again, this instruction page does contain a lot of steps, but just take it one at a time an dyou won't be overwhelmed.
Remember that you are going to be selling something that is of little significance to you. There isn't any reason why the whole listing process has to be done in one day, or even one week for that matter. So, take your time and stop when you feel you've had enough for the day.
Part of the listing process is deciding how you want to be paid. Paypal, money orders, and personal checks can all be used. The safest and quickest route is Paypal. The sooner the transaction is completed and the sonner the customer receives the promised item, the higher your ratings will be.
Whenlisting the item, remember to include how you will ship it. You can use the US Postal Service, UPS, Fed Ex, or any carrier of your choice. Just remember to figure in shipping in your price or specify taht shipping is separate.
So, there is a lot of money to be made on Ebay. Select and price your items carefully, follow Ebay's directions and hope for high bids.
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