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Starting An Ebay Business

Updated on October 22, 2013

Getting Started With An Ebay Business

Selling items on Ebay can be very lucrative if done correctly. There are a number of items you can sale on Ebay. You can actually get started selling items from within your home, that you no longer need or want anymore. You can sale old baseball cards, old cookbooks, clothes that no longer fit , You can sale almost anything on Ebay and make a huge profit. It is basically having a yard sale online. You start the item out at a fair price and hope the bidders bid the item up to a Huge profit. I remember how I got started out on Ebay. I bought a huge box of cookbooks from a yard sale at a steal. Then I went home and started scanning the covers with my scanner. I put a listing on Ebay, starting the cookbooks out at $1.00 a piece with a $2.00 shipping charge via media mail. In a matter of a week, I sold the whole box of cookbooks that I paid a measly $5.00 for. I made a profit of $150.00 on a $5.00 investment. Needless to say I have been hooked ever since. Yard sales are a great place to find items to resale on Ebay. Always try to chew them down on price at yard sales. Most of the time they will give on the price a lot just to get rid of the item.

Facts You Might Want To Know About Ebay

1. Ebay was originally called Auction Web

2. The first item listed on Ebay was a broken laser pointer.

3. The fix priced portion on Ebay trumps the auction format.

4.The most expensive purchase ever on Ebay was a jet.


Clothing Never Fails On Ebay
Clothing Never Fails On Ebay

Items That Are Fast Mover On The Ebay site.

Cookbooks are great to sale on Ebay.
Cookbooks are great to sale on Ebay.

Get Registered With Ebay

The first thing you need to do is register with Ebay. Once registered you need to open a sellers account. Creating a seller's account is easy all you need to do is confirm your name, address, and phone number. You will need to set up an automatic payment method to pay your Ebay seller fees and reimbursements for claims under the eBay Buyer Protection Policy. You will also need to get set up with Paypal and get Paypal verified to accept payments from your customers. Be sure to link your Paypal account with your checking account so you can electronically transfer all of your profits from Ebay to your checking account. This service is free from Paypal and usually takes 2-3 business days. If you want Paypal to cut you a check and mail it to you. Then you are going to pay a fee and wait a couple of weeks for your money. Always pay your seller fees on time to avoid suspension. It is just a big hassle if your account is suspended for a late payment, so lets make an effort to avoid that.

You can also open an Ebay store and use the Buy It Now feature. This works really well for selling a large number of items. It also allows you to manage your online business a little easier. I prefer to sale on Ebay via an online store. It just makes sense to me. You have a store front, an item listing page, and a checkout with an online store. With Ebay everything is very secure and virtually hack proof. So why not open an Ebay online store today.

Create Your Listing

Once you have registered and created a seller's account and are ready to sale something, Ebay will help you create a successful listing. Start by describing the item you are selling. Create a title that will grab the buyers attention and make them want to click on your listing. Pick an appropriate category and choose realistic price points. It doesn't hurt to do some research to make sure your not starting to low or high of a price for the item. Ebay listing fees apply so be sure your fully aware of this before getting started.

Manage Your Listing

Once your listing is up an running. Be aware you can go to MY Ebay to see if anyone has bid on your items, to see if anyone is watching your item, and you are able to revise you listing if need be. Be sure if any potential buyers ask questions about the item you answer in a timely fashion. Establish trust with potential customers and become a stronger seller is the secret to being successful at Ebay.

Wrap It Up With The Buyer

The way you handle these steps with the buyer after a sale will go along way on Ebay.

1. Always communicate with the buyer in a timely fashion.

2. Be sure you receive your payment before you ship the item to them.

3. When payment is received ship the item safely and in a timely manner.

4. Always use a tracking number with shipments.

5. Always leave the buyer feedback.

Good Luck

Now that you have this useful information for starting your very own Ebay business, I wish you luck and below are some other money making links you might find useful. Good Luck !

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    • SidKemp profile image

      Sid Kemp 4 years ago from Boca Raton, Florida (near Miami and Palm Beach)

      This is a great introduction to starting on eBay. But I'm missing the link to an ongoing business that is highly profitable. Once you've sold the stuff around your house, how do you get more stuff to sell without either paying for it (reducing profit) or collecting it (which takes so much time that, as far as I know, you can't make a lot of money)?

    • Joelipoo profile image

      Joelipoo 4 years ago from Ohio

      I think everyone has stuff laying around their house that they no longer use. It would be great to get rid of some of that stuff and make money at the same time.