plus any tips also on selling on ebay and how to get the best profit?
your eggs, the ones you get rid of within a period, one a month, thats alot of dosh.
How do I make a profit selling on ebay? I have plenty of stuff to sell. And please don’t tell me to read those books.
To do this, you should take good, clear pictures, and learn to write nice descriptions with all the important details.
If i see two people on ebay selling the same thing, i will almost always bid higher for the item that has the best, clearest pictures and a good description that’s not full of crap or disinformation or lies or fluff.
You probably should NOT sell your best items until you get practice on selling, and get some feedback built up.
Many years ago, i tried to sell an engagement ring and i only had 2 feedbacks. People would email me and demand that i use Escrow, and some even told me that they would bid if i had higher feedback score, etc. I ended up selling it for a lot less than I should have, because i was inexperienced.
SO, sell a few books and trinkets first to get the hang of eBAy. In the mean time,learn what the value of your better items is.
The best tool is to use eBay itself. Look under the completed listings section (Advanced Search) and see what similar items actually sold for.
Don’t outright copy people’s listings, because that’s illegal. But it’s perfectly ok to learn from them.
Now, if you want to truly make profits – that is.. buy things cheap and sell them for more than you paid for them.. the key is your BUYING skills. Buying and sourcing really has nothing to do with eBay. Ebay just gives you the platform from which to sell your stuff. The buying part is up to you. After you sell all your stuff from your home, the next step is to learn how to source products. And make sure you only sell things you’re knowledgeable about.
Sourcing ideas are garage sales, auctions, even retail stores if the item is marked down significantly. Selling things to foreigners is a good way to increase profits. There is more risk in shipping stuff to ENgland or Sweden or Germany, but these Europeans like American stuff and sometimes pay a lot for it. But sell things Domestically first, to get the hang of it. Then move worldwide.
Also, sometimes you can use eBay to buy stuff to resell on eBay. But usually you can’t do this profitably until you have lots of experience, and you are buying from someone who is not experienced.
Finally, you should learn what eBay’s fees are. They definitely eat into your profits, and are approximately 9 to 15% all together, including PayPal fees.
So, if you sell something for 50 dollars, eBay and PayPal will probably take up to 7 dollars right off the top 🙁
So, if you paid 43 dollars for that item and sold it for 50, you didn’t make ANY profit. Ebay took it all 🙁
Finally (again) – eventually you will need to get your business and tax paperwork filed. If you sell one or two things a year, no one will care. But if you sell hundreds of items a year, you will be owing taxes. And of course that eats into profits too, for Uncle Sam and your State.
“Finally!!! …Multi-Millionaire Entrepreneur Reveal His Secrets and Strategies, on How YOU Can Earn £375K+ in the next 12 months From a Proven System”
“How An Amazingly Simple, Yet
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It may sound too good to be true – but it is true and . . .
I’LL PROVE IT TO YOU
Dear friend,
If you have ever dreamed of living a rich person’s lifestyle . . . waking up when you want. Putting In a few hours of very easy work from the comfort and security of your own home. . .
And then taking the day off, and doing whatever you want for the rest of the day . . . all while potentially making more money for those few hours of easy work than most people make all week, or even all month, then… this could be the most important message you have ever read.
Here why. . .
In the next few moments, you are going to discover an amazingly simple, yet virtually unknown business that
can make you more money quicker and easier than anything you’ve ever seen before. Please read every word of this letter because will change your life and the life of the people you love.
My Story
I used to own a retail store, working 60+ hours a week barely make a living. By using the techniques I’ve learned, I have personally sold over £20 Million on eBay in less than 4 years. I just published a book that became an instant best seller – reaching top 10 statuses on both Amazon.com and Barnesnoble.com. I travel the word teaching people to use eBay speaking to 1000’s of people every month. Just think what it would mean to you and your family if you grabbed that same kind of success.
And yes I know those sales numbers sound beyond the realm of believability. In my book “How to Buy, Sell & Profit on eBay” I say that “the greatest eBay stories have yet to be written.” To be honest, it doesn’t matter how much I’ve sold – it matters how successful my students have become using my system.
In the past years since I’ve been teaching people the success principles to succeed on eBay, some decide to sell on eBay part time and make themselves “Lifestyle Money” – an extra £300-£500 a month…and heck. Others have reached high levels of PowerSeller – selling over £25,000 a month on eBay alone (not counting their other online businesses.
For more free info go to www.newebaywealth.com
Simon Fusco
“Finally!!! …Multi-Millionaire Entrepreneur Reveal His Secrets and Strategies, on How YOU Can Earn £375K+ in the next 12 months From a Proven System”
“How An Amazingly Simple, Yet
Virtually Unknown Business Can
Potentially Make You RICH“
This System has never been release before, so read every word of this letter and you can be on your way to earn £375K in the next 12 months.
It may sound too good to be true – but it is true and . . .
I’LL PROVE IT TO YOU
Dear friend,
If you have ever dreamed of living a rich person’s lifestyle . . . waking up when you want. Putting In a few hours of very easy work from the comfort and security of your own home. . .
And then taking the day off, and doing whatever you want for the rest of the day . . . all while potentially making more money for those few hours of easy work than most people make all week, or even all month, then… this could be the most important message you have ever read.
Here why. . .
In the next few moments, you are going to discover an amazingly simple, yet virtually unknown business that
can make you more money quicker and easier than anything you’ve ever seen before. Please read every word of this letter because will change your life and the life of the people you love.
My Story
I used to own a retail store, working 60+ hours a week barely make a living. By using the techniques I’ve learned, I have personally sold over £20 Million on eBay in less than 4 years. I just published a book that became an instant best seller – reaching top 10 statuses on both Amazon.com and Barnesnoble.com. I travel the word teaching people to use eBay speaking to 1000’s of people every month. Just think what it would mean to you and your family if you grabbed that same kind of success.
And yes I know those sales numbers sound beyond the realm of believability. In my book “How to Buy, Sell & Profit on eBay” I say that “the greatest eBay stories have yet to be written.” To be honest, it doesn’t matter how much I’ve sold – it matters how successful my students have become using my system.
In the past years since I’ve been teaching people the success principles to succeed on eBay, some decide to sell on eBay part time and make themselves “Lifestyle Money” – an extra £300-£500 a month…and heck. Others have reached high levels of PowerSeller – selling over £25,000 a month on eBay alone (not counting their other online businesses.
For more free info go to www.newebaywealth.com
Simon Fusco
I would like to know how to start selling on eBay and if I need to pay any fees how do I get started can some one help me please? Thank you.
Boy, did you ask the right person! I sell on ebay all the time! First you set up an account. You have to give them either a secured email or a credit card to set it up for identification purposes. (they do not charge your card) Once you set up an ebay account you will have to set up a paypal account at paypal.com in order to accept paypal payments. Paypal payments are preferred by most ebayers since they can pay instantly and so there for get their item faster. Once you have a paypal account going and your ebay account set up all you do is click on sell an item at ebay. You can sell items without a paypal account but they will not go for as much and it will take time for the money to get to you by mail which is a drag. Also keep in mind that it does not cost anything to set up a paypal account either. Another note…when auctioning off items it is best to have them end at around 6.00 or 7.00 at night…they go for more during these hours. If you like my answer please vote for it. thanks
I have to have my topic picked by tomorrow, and I am not sure which one of these to pursue. I am very interested in both of them, but I can only pick one. I already play the piano, but I think learning to play the guitar would be cool too. On the other hand, selling on Ebay has been interesting, and I would like to incorporate that for my project, as it relates to business. Thanks for any and all answers!
I would go for the guitar. It’s a skill you can retain your entire life. And you can have fun with it. My niece learned to play and was invited to parties all of the time.
Trying to learn how to start selling on Ebay – I have a paypal buyer account – will it work for selling? Do they charge you any fees?
Yes it works both ways. You can also use it to request money with out selling on eBay and it has a great savings rate if you want to keep your profits in one place. The fee charged depends on the total dollar amount charged including your shipping charges. You are not charged when you use the account to purchase items on eBay. If for any reason you have to refund a buyer you get the fee returned. It also has a great link for shipping with the post office and UPS. You can pay your shipping right out of your Paypal balance. Best of all you can give your packages to your local carrier instead of running to the PO all the time. Good luck.
I was just wondering if it was possible to get scammed off eBay. Like you buy an item and never get it? I am clueless about eBay and don’t quite know how to system works. Can’t the seller just not ship the item over? Is there any protection against this? What can be done if such things happen? I’m under the impression that if the item is too cheap, PayPal would not bother about it.
Can anyone explain how it goes?
Absolutely! Here are some tips to avoid being scammed as a buyer:
Study the seller’s feedback page. To see this page, just click on the number in parenthesis beside the seller’s name.
Never, never, never buy from a seller with zero feedback. Although everyone has to start somewhere, a zero feedback rating is a huge red flag. Anyone selling on eBay should at least have some history even as a buyer. Find another seller offering the same item who at least has some history on eBay.
Look at how long the seller has been an eBay member. You will see a notation that says, "eBay member since XYZ." You will be safer to buy from a seller who has been on eBay for several months or years, as opposed to one who just started selling last week. Many scam artists sell legitimately on eBay for a short time to establish a history, then "pull the rug out from under" buyers after they have had a few sales. Look for established sellers with a long history on eBay – it is just the safest route.
Look at the seller’s feedback comments. Not only should you consider whether the comments are positive or negative, but actually read the comments. The comments themselves will provide valuable information about experiences of other buyers. You may see comments like, "Took a long time to arrive, poor communication, item was broken, seller won’t refund."
Look at the sellers DSR (Detailed Seller Rating). DSRs give in-depth ratings of the seller’s performance on shipping time, shipping costs, communication, and item description. For example, if the seller has a low rating on item descriptions, you will know that he is not being honest and forthright about what he is selling.
Read the item description completely. Understand the seller’s policies regarding returns, damages, and lost packages. Look for sellers who are willing to work out problems and accommodate customers. Avoid sellers who make statements like, "not my responsibility, we can’t, we won’t, all sales final." Those kinds of comments are a recipe for disaster.
Read the seller’s About Me page if they have one. The About Me page will give you more information about the seller and may help improve your comfort level in dealing with that person.
Ask questions. Always ask questions and wait for an answer before bidding or buying. If the seller doesn’t answer, don’t deal with him. If he isn’t going to acknowledge your email as a potential customer, he probably won’t follow up or help you later if needed.
Go with your gut. If something doesn’t seem right, trust your intuition. There are plenty of other sellers to buy from!
I’ve just started selling on eBay and have been using the paypal print labels option to print postage. I’ve been using paper and taping it to my packages but would like to use labels but not sure what type to buy etc and would appreciate some guidance. I think it’s four to a page but am not quite sure.
Pooky,
I understand where you are. When I got started on eBay I too used plain paper for labels and taped it to my boxes. I soon learned from fellow eBay sellers that I should be as professional as my wallet would allow.
That meant proper boxes to ship items in, instead of the dumpster diving I would do behind every Dollar store I could find or bothering the Fed-Ex Kinko’s people for extra boxes.
And of course proper labels. So to answer your question, I started using Avery labels and have ever since. Avery supplies printer paper for many different purposes, from business cards to name tags. They also provide an array of papers that customers can use to print out their own labels. Avery offers these labels in various sizes and types (such as peel and stick ones.) But to use these labels properly, you will want to go to the Avery website to get the template you need for the particular label you are using.
Hope this helps!
I want to sell on ebay- but the way I understand it you can only use the money you make as credits on paypal unless you transfer it to your bank account but I really dont want to give out my bank information and connect it to paypal – is there any other way to credit it to your credit card or something where I can use it other than just online?
Well, you can not use Paypal as an option for payment.
Use Money Orders instead.
I buy and sell on eBay, and have a PayPal account, and it is alot easier, and they are very secure. Buyers make a payment to your PayPal account and then you transfer to your bank account.
But like I said, you can always use Money Orders.
Good Luck.
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