How to Make Money with Ebay – Tips and Secrets to Ebay Selling

Posted on 22 May 2011

How to Make Money Online with Ebay – Expert Tips and Secrets to Ebay Selling: There is no question that Ebay has become a worldwide enterprise. What started as an auction-style site for people to get rid of their old and unwanted items has become a global marketplace. In fact, the site has become so popular that it has become a verb. If you need something, you can Ebay it. Needless to say, the sites constant expansion has created several money-making opportunities for those willing and able to take advantage of them.

At its most basic form, you can make money with Ebay simply by selling items that you already own. There is little overhead with this method, and you only have to pay for the small posting fee as well as the shipping costs. However, the latter should be eliminated by including the probable cost to ship in your listing price. Basically, round up all the items you don’t want or are willing to get rid of and post them on Ebay. The profits with this method probably aren’t going to let your retire, but if you are getting something for items that would just sit around or be thrown out otherwise, you have nothing to lose.

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If you want to run a more large scale operation with Ebay, you have two options. You can go out to yard sales and flea markets to search for items that you think you can sell for more on Ebay and attempt to do this. Obviously, this method is speculative in nature, and you could end up losing money.

An alternative option is to focus on selling a particular type of product that you can either manufacture yourself or purchase from someone and then sell for more on Ebay. Since you are selling the same thing multiple times, it is easy to know what to charge to make a profit and whether or not it is worth it. However, demand for an item can change at any given moment, and you could get stuck with too much of a product that suddenly becomes unwanted or oversaturated.

With either method, there are some tips that can help you boost your profits. For starters, pay attention to the title of your listing. Make sure to include the product’s brand name as well as any model numbers. After all, people often go to Ebay to search for very specific items that they can’t find in large retail stores. The easiest way to search for such a random item is by any identifying number. Make sure any other details are all facts about the product. You don’t need to waste space with superfluous adjectives.

In addition, you should pay the small fee to have a picture of your product placed on the site by your listing. You can write the best product description in the world, but there is no substitute for seeing something with your own eyes. Buyers are going to be more likely to make a purchase when they can see what they will be getting. It is a little extra insurance that the product is actually what they have been searching for.

Last but not least, there is an option to make an item “featured” on Ebay. This comes with a higher price tag, but it is often the best option for hot-ticket items. If you know you have a product that is in high demand, you want as many people to see it as possible. By making it a “featured” item, you ensure that your product will be one of the first returned when users go searching on Ebay.

The final piece to the puzzle is determining whether or not to include a buy it now price on your listing. In addition to the standard auction format, the buy-it-now feature allows users to purchase the product instantly without having to wait for the auction period to end. The downside is that your item could end up selling for less than it would have in an auction. However, with this method, you get the convenience of selling products instantly at a set price. If you are running a large scale operation, this is probably the way to go because you can create somewhat of a budget rather than receiving random returns through auctions.

Everyone wants to be the person that sells some piece of junk for thousands of dollars on Ebay, but those stories are few and far between. That being said, making money with Ebay is actually easy to do. Almost everything is already prepared, including the millions of users that traffic the site. All you have to do is make sure your posting is attractive and that your price point is appropriate, and you will start selling items and making money.

Please leave a comment below as we are always interested in hearing feedback on our articles or even other tips and advice we forgot to mention that you have used to earn money online with Ebay.

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