There are some tips to make money from eBay selling tips are you looking to make tidy money (earnings) as an eBay seller? Here’s we will tell you how to sell on eBay and make the most money from listings.
Whether you’re looking to set up your own online business or just want to use some old stuff selling on eBay can be the best way to make a bit of some handsome cash.
But, whatever your aims, it’s best to learn the things on how to sell on eBay before getting started so you have some knowledge about eBay and can be sure you’re not missing any tricks.
We’ve packed as much practical information as we can into this guide, so by the time you’re done reading it, you’ll have all the advice you need to start gathering in the big bucks.
How to make money from eBay selling
Here we have summarized the top 10 easy ways to maximize your money from eBay selling:
1. Decide item to sell
Are you confused about this? Just think whether it’s some old textbooks or your Pokémon card collection, before selling something on eBay it’s very essential that you take a bit of time to think first then decide whether what you’re selling is in the right condition and is it acceptable for others.
You might be strong to start making money on whatever you can get your hands on. But, if you make a single little mistake of selling items that aren’t in good condition or are missing some vital parts, you could get bad reviews which makes it harder to sell any other things on eBay so this is a very deep and strong part.
If you’re confused about what to sell, you can use the marketplace research tool “terapeak” on eBay to find out what the top-selling items are. Also, check out what the most-watched items are, as well as both ones tend to have the most bids on them. This will also give you knowledge of what products sell.
Try thinking occasionally, too – you’re not expected to get many bids on a pair of sunglasses in the middle of winter, so put them somewhere safe and wait for the right time. Chances are you’ll get more profit on them if you can wait until they’re in more user demand.
2. Buy low and sell at a higher price
If you are selling items that you no longer use on eBay, it also has value looking for low-priced things to sell on at higher prices.
Be it at your local shop, a car boot sale, or even on eBay itself, there are many other places to find the best deals on products.
There’s a possibility you could lose money doing this if you’re unfamiliar with how much a specific product sells for on eBay, so we’d positively recommend doing some deep research first.
In another case, if you’re self-confident that a seller has underestimated an item’s value, it’s a worthy opportunity to buy it, sell it for the price you think it’s worth, and (confidently!) earn a good profit from it.
Take some motivation from people who picked up items at a car boot sale and sold them on eBay for five times what she bought them for.
3. Improve rank your eBay profile
Before started as a seller on eBay the best way is to become a buyer first. In this way, other users can see you have an eBay account and recognize that you’re reliable. Even though if you just buying a couple of small items for a few quid each, paying for the items punctually and winning the time to give feedback (positive if possible!) can surely grow your eBay account and get you a good buyer rating which is very important for trust build.
Another very good approach is choosing your username. Remember that whatever you choose they will positively be the name of your small business, so mygoodshops11 probably won’t instill a vast amount of confidence in potential buyers.
We’d highly recommend either profitable for something simple and professional, like a variant of your name, or a name that’s most relevant to the kind of things you want to be selling (this may be easier to find in eBay searches too).
4. Research the costs of being an eBay seller
Research is very important before you start making money on eBay, you first need to work out accurately how much an item is an amount and how much it’s going to cost you to sell it. Clearly, everybody wants to make a handsome profit, but when selling on eBay you need to be aware of some additional costs applied.
Ecal is a smart tool that well works out how much you’ll pay for each sale, this based on what you list it for and how much it ultimately sells for. Try to use this tool and your item through this to see what sort of profit you’ll make.
eBay selling costs to consider
- There are some limitations of items its 1000 items per month free of charges if exceeded they will charge some bit of the amount
- There are some charges for add-ons like listing in two categories or using big pictures to promote your item
- Bit of charges if the sale’s made through PayPal (based on what you sell, how you list items, and whether you subscribe to a shop)
- 10% of the first £2,500 of the total transaction (including postage) goes to eBay
- You might need to pay tax it depends on how much you sell on eBay and your country’s tax policy.
5. Charge the best price for your item
When you’ve decided on an item to sell, you have to use the eBay advanced search tool to discover how many similar items are available at the eBay store. You can also search for whatsoever you want to sell and check the ‘completed listings’ box to see tons of similar items and their prices they sold for.
For some multimedia items like CDs and DVDs, you can find out how much they’re worth by getting quotations from other second-hand selling websites like AliExpress
6. Start low bit to catch the attention of buyers
It might be appealing to give your item listings a high initial price, but starting your bids at 99p (or similar) should actually get you the best sale in the long term.
A small amount of starting bid will catch the attention of more potential customers and inspire a reasonable bidding war as the item reaches its last day of bidding.
But, please note that this tip doesn’t apply to really niche products – if it’s something that only a keen saver would be searching for, don’t set the startup bid too low as you’re less likely to get a lot of bids on these items.
You can constantly add the lowest price (the reserve) if you’re worried about getting a rough deal, which means the item won’t be sold unless it reaches this minimum required amount.
7. High-quality pictures of the items you’re selling
eBay user is much more expected to continue bidding if they are assured they can see an accurate representation o whats an offer so if you want maximum reliability you need the best quality pictures
If there are extra components to the item you’re listing, must include them in the photo – we’re talking boxes, item details and manuals, batteries, and whatever else you’ve mentioned in the description.
You don’t need an expensive camera to do a good job of this, but do make close-up shots and neat and clean high resolution.
Natural daylight is a key factor in getting clear and high-quality photos. But, if you’re in a dimly-lit room, adding a little extra lighting (like a desk lamp) can make a huge difference. Just make sure you avoid any shadows.
Also, remember that a free account has some limitations you can upload 12 photos to your account for free at one time.
8. Auctions during eBay’s peak times
Before you jump in the item your listing, take some time to think about when you should open the bidding.
In general, the money-making time to end any auction is on a Sunday evening. This has been recognized to be the time when most unintentional customers go for a browse, so it’s the time that auctions really start to heat up.
So, if you’re planning for the maximum 7-days auction (which is the best option to increases the chances of getting more bids all the time).
As declared earlier, if you’re selling a seasonal product, think about what time of the year would be best for it to going live on eBay.
Let’s an example the start of October would be the best time to start listing any fancy dress items you have as people start searching for their Halloween party outfits online.
9. Promote PayPal for payments
We’d highly recommend taking payments via PayPal because it’s secure and reliable.
Although PayPal charges eBay sellers a fee per sale and most people on eBay use it to pay for their purchases.
There’s also an extra layer of security so people can’t scam you for your product.
10. Maintain contact with buyers on eBay
Once your sale is successful, be sure to send a confirmation email to your buyer as soon as possible and invoice them for the full amount, including the postage charge.
After that, you should send them another email once you’ve received their payment and when you’ve shipped the item.
Make sure you also ship the item as sharp as possible and be careful not to be too ambitious with your ‘handling time’ statement. If your estimation they will take two days to dispatch the item but end up missing that self-imposed deadline, you could receive bad feedback and the buyer may ask eBay for a refund.
When your customer’s received your product, do remember to give them some lovely appreciation.
For more concepts on how to start earning online or without any investment, head over to our make money online.