Selling Your Junk To Pay Off Debt
No one can say no to a little (or a lot) of extra money, especially when it may only cost you about ten minutes and a trip to your local post office. Let's face it, most of us have debt. And some of us aren't seeing the end of our bank books any time soon. I recently read an article about a guy who paid off a $15,000.00 debt by using Ebay in 9 months. It inspired me to start using Ebay as a means to making bigger payments each month and it is paying off.
Step 1- Look for junk
Step 2- Do Your Research
Do some research on Ebay and see if it's worth selling at the price people are willing to buy it for. Remember odd and vintage items sale. Please keep that in mind. It's normal to be excited when you find an item you value at nothing to be worth $100.00 or more! Personally, I went through some family valuables that were worth nothing, then stumbled on a small item that sold for over $100.00 bucks. If you aren't having any luck, I would advise spending a few hours on Ebay doing research to see what does sell.
Step 3- Setting Up Ebay and Paypal Accounts
Once you know what will sell see if you have any of those items in your home. I would almost guarantee that everyone has something in their home that someone else is looking for. The next step in making a profit off your items is selling them. You will need to set up an Ebay and Paypal account if you haven't done so. Here are some links to help you set those accounts up if necessary.
Once you've set up your accounts you need to clearly read the user agreements. Ebay does take a small percentage of your sale. They often offer deals such as the first picture you post on Ebay is free. Paypal also takes a small amount of your sale for using their services. This information is needed when calculating a base price to sell your junk.
Step 4-List Your Items
Once you've got Ebay and Paypal set up you can go ahead and list your items. There are quite a few tips for getting the most for your items. Some of those include:
- Setting up auctions that end on Sunday between 7 p.m. and 10 p.m.
- Set the auction at the smallest price you're willing to sale an item for.
- "Buy It Now" options are good to use, but I find I have greater success when using the auction format.
- Make sure your shipping costs are affordable. Shipping is probably the most frustrating step when selling items on Ebay. I would advise you to collect boxes of all shapes and sizes before you post items for sale. The United States Post Office offers priority mail boxes at no cost, however the shipping can be expensive if the item is oddly shaped.
- Check out Media Mail. If you're sending books, cd's, dvd's, vinyl records, or photos Media Mail is a great choice. For items less than 1 pound it's around $3.00 to ship. Make sure you have your own box.
- If you are going to the post office to look for a box make sure you have your own tape.
- Always check your messages a few times a day (on your Ebay account) to see if any buyer has questions. If so answer as quick as possible.
Step 5- Find More Junk
Just when you think you've exhausted all your junk, think again. I was browsing the antique section on Ebay and found several items that were in my home. I will eventually hit up some yard sales and flea markets to get more stuff to sale, but only when I've gotten rid of as much stuff as possible. I hope this information helps and if you have any questions please feel free to ask in the comments area! Happy Selling!
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