Auction Power Guide

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.

Hi,
I have recently become interested in buying and selling on eBay, is there specific items that buy and sell and make a profit? I have sold a few items this week and posted them on monday, one was via 1st class and the other was via 2nd class, i still havent been given any feedback. Please help i am a new ebayer.

Mant thanks.

Sell anything you don’t need.
I myself sell like trading cards and all that stuff.

Keep in mind how big the item is for shipping.

But, if looking for just selling stuff around the house an ipod touch is perfect!
Those sell super fast

Since pretty much everyone knows that an ipod touch is sold for $200 used at $150-170
You would lose money(since you have to put it down as used), but if you have your own phone (especially an iPhone) it would be nice to just sell that for around 160 (include cord ALWAYS)

If you are actually looking to make profit buy stuff that people want but no-one really knows the price.
For example take trading cards. Pokemon like cards you won’t get gobs of money but are easy to get from a friend.

Baseball cards are where the money is really at when you where a kid you probably had some.

but now baseball cards aren’t bought as much, like they aren’t really much of a trend. (Although kids may not be buying them extreme collectors will buy)
That is your opportunity to sell yours but before you sell them look the card(s) up online some can get in $1000!
Hope this Helped!

Someone told me if i were to buy silver bullion and wanted to sell it back i would have to mark up the price and the buyer would buy at a discount but i dont quite understand this. can someone explain it to me?
im basically trying to find out how much money i would lose if i were selling silver back
and would i also get taxed if i ever sold my silver for a profit?

It depends upon where and with who you buy and sell from. Standard precious metal dealers will typically charge a bit of a premium on their bullion (a price above market rate), plus shipping and handling fees. If there is a metals auction in your area, you can buy at auction, though sales tax could apply there. You can also buy and sell silver bullion on eBay – but you will need to watch your bids as they can easily get well above market price, and shipping charges may apply.

If you sell your silver back to a dealer, they will want to buy it back from you at a discount to the market price – they are after all in the business to make money. You can attempt to sell it directly to investors at a local auction (though commission charges will apply) or through eBay (again, commission will apply). It really depends who you sell it to. Dealers and scrappers will want a discount from the spot rate, investors will pay closer to the actual spot rate.

Profit or loss will depend upon the spot rate at the time of purchase and sell. If silver has gone up enough to more than cover the premium, initial sales tax paid, shipping costs, then you will make a profit. If the spot rate has declined or not increased enough to cover your other costs, then you will have a loss.

Just like buying and selling any other product, you will have to pay taxes on your gains. Speak to your tax professional for the correct tax treatment of your gains from silver.

I’m looking mainly to sell on ebay through paypal, but I don’t fully understand it. Do I need a personal or a premier paypal account? Will it link directly to my bank account?
Any other tips/advice would also be appreciated.

If you plan to sell on eBay then you need more than a personal account. Otherwise PayPal will limit what you can do.

You can link your bank to it but any money you get from sales will go to your PayPal account and you will have to log in to transfer it to your bank.

ALWAYS get on line tracking, (Delivery Confirmation, etc.), to stay safe. If you don’t the buyer can claim they never got the item you sent and get their money back from you.

ALWAYS take good pictures and describe anything wrong with your item you are selling. Even a tiny scratch or stain. Bidders don’t like getting surprised. Communicate with your buyers quickly and fully when the auction ends. Pay attention to your buyers feedback they have left for others.

I strongly suggest you get a simple digital weight scale for shipping. This will save you a lot of time and trouble. eBay will soon be charging their final value fee based on both the price the auction ended at and the shipping charge so make sure shipping costs are accurate to save money.

I have already sold clothes on eBay, but am looking to make a bit more of a profit. I noticed that places like Marshall’s have True Religion and 7 for All Mankind jeans for $99.00. Could I make a profit by selling them on eBay NWT? What are other good things to buy and sell for profit?

People are buying those popular brands, but they’re paying with credit cards. Unless you are a full blown retail operation and can afford to buy in bulk to get wholesale prices, and pay the tab (3%) by using mastercard/or visa on your ebay sales, you should stay away from designer stuff that will go out of style in a matter of months. You want to keep your costs down, so why not consider secondhand merchandise. Not ratty tatty, but unique and rare items.

One of the best things about eBay is that if offers sellers the opportunity to immediately connect with millions of buyers. In the traditional marketplace, this was rarely possible. In the old days, customers went from store to store searching for specific items. Today, buyers can go online and search for anything they want, and find it without ever stepping out of their homes. They can go to eBay where there are millions of products for sale in every imaginable category. The sheer magnitude of eBay’s marketplace makes it a perfect place to both buy and sell goods.

There are many ways to profit on eBay, and the top sellers know their share of marketing secrets. They are able to capitalize on a few techniques which are unknown to most sellers. I will list a couple of these techniques so you can benefit from them.

For more information on ebay sales techniques click here