- Business and Employment
How to Make Money on Ebay- Simple Steps
Selling on Ebay
Knowing how to sell on Ebay can be a very powerful money making tool. Through the past 2 years in my life, I have learned how to master Ebay, and maximize my profit. The first step to selling on Ebay is, of course, a Ebay account which must be linked to a Paypal account. Th next step is to go around your house and find any item that you want to sell or get rid of. This item can vary from an electronic item, games, jackets, books, clothes, and anything else of that sort. The next thing you do is take the item (we will use an Ipad 3 16gb Wi-fi only as our example. So you take the Ipad 3 and recognize that it is a 16 gb and wi-fi only model. You wan to then type that exact thing into the Ebay search button on Ebay.com and here's the results you will get:
This section will teach you how to use the knowledge gathered in part 1, to sell your item for maximum profit. As you can see in the picture, the first result came up with the exact same Ipad we have, and is going for 360$ with 2 hours left, 20 bids, and free shipping. The first thing we will look at is that the Ipad has 20 bids on it. That means that this Ipad is slightly under priced, and with 2 hours left will most likely sell for around 400$. Now, when you are searching Ebay for your item, you must look and analyze much more then 1 listing. The key is to finding the listing with the highest listing that still has around 1-5 bids on it. For example, if you find an Ipad that is ending in 2 hours and priced at 450$, yet there is 0 bids on it, then that means it is priced to high.
The next step in this process is to create a listing. The listing should provide as much information as possible. If I was selling the Ipad 3, I would list it at 395$ and free shipping. In terms of shipping, when selling an item under say 70$, always charge shipping. And ALWAYS SHIP WITH TRACKING INFORMATION!! That last part is crucial. Unless you want to get ripped off, you must always ship with tracking info. Once you have your listing up, just sit back, relax, and watch the bids come in.