Financial tips I should know for buying and reddening on eBay?
I want to start making money (a little money) on eBay. Buying and resselling. What are some great financial techniques I coul use?
Well unless you’re 18 or older you can’t open an eBay and PayPal account legitimately. If you are under age and get caught out (which happens eventually) you’ll be permanently banned. You need to read up on all the rules for new sellers ie item numbers you can sell in a month and be aware that Paypal will hold your money for up to 21 days each sale so you’ll have to pay shipping costs out of your own pocket. Then there’s the fees eBay and PayPal charge, these total about 10% of the sale amount. So you need to make more than 10% mark up to have any profit! You have to find stuff to sell ie go to garage sales etc and buy stuff cheap to sell for more. But it’s hard work, you have to build up your business and earn buyers trust before you’ll start selling easily and eBay lets you sell more stuff each month and PayPal stops holding your money for 21 days. Good luck.
Well unless you’re 18 or older you can’t open an eBay and PayPal account legitimately. If you are under age and get caught out (which happens eventually) you’ll be permanently banned. You need to read up on all the rules for new sellers ie item numbers you can sell in a month and be aware that Paypal will hold your money for up to 21 days each sale so you’ll have to pay shipping costs out of your own pocket. Then there’s the fees eBay and PayPal charge, these total about 10% of the sale amount. So you need to make more than 10% mark up to have any profit! You have to find stuff to sell ie go to garage sales etc and buy stuff cheap to sell for more. But it’s hard work, you have to build up your business and earn buyers trust before you’ll start selling easily and eBay lets you sell more stuff each month and PayPal stops holding your money for 21 days. Good luck.
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