Help And Advice On How Selling On eBay Can Make You Money
Help And Advice On How Selling On eBay Can Make You Money
There is a great deal of talk at the moment about buying on
eBay but in my experience I've found there is substantially
less information related to the actual subject of selling
online. Having recently been dragged around several car
boot sales it's come to my attention that there are people
literally giving away potentially valuable items at these
sales which they could shift faster, easier and for a
greater price online. There is no greater way of
highlighting this fact than when you consider there are now
people starting businesses literally buying items from car
boot sales and selling them online. This week I'm going to
explain how to cut out the middle man to obtain the most
money for your unwanted items.
I've found the best way to get in to eBay is to start off
slowly; due to a ratings system you'll find people
unwilling to deal with you if you haven't been signed up as
a seller for long or have little positive feedback. Whilst
new users may find that their items still sell it may be at
a much lower value than similar items listed by more trusted
sellers so start by listing just one or two items a week to
build up the trust between you and the eBay community. Of
course, feedback also works in your favour as you can easily
identify less reliable buyers - many sellers even specify
that you can't bid on an auction unless your feedback is
above a certain level. Listing your site is easy, just
sign up for a free eBay account and then simply click on
the 'sell item' link, enter the details of your listing
including postage details, a reserve price (if appropriate)
then upload a picture and click submit. Your item will then
instantly become live on eBay for any one of the millions of
active members will be able to find it.
The cost of listing an item is relatively cheap; you simply
pay a basic listing fee (typically 15p or so) plus any fees
for upgrading your listing and a percentage of the items
final sale price. The usual time for an auction to last is
7 days but this can be adjusted at the sellers discretion
and additionally you can choose to allow a buyer to
instantly end the auction if he agrees to meet a 'buy it
now' price that you set initially.
As a seller you will probably want to set up a PayPal
account as this allows your buyers to immediately pay you
by credit/debit card rather than having to worry about
writing out cheques, sending cash or doing a bank transfer.
PayPal takes a small percentage of the transaction value and
you are then free to withdraw the money straight in to your
nominated bank account. Another tip is not to limit your
online sales to low priced items; eBay can be used as a
viable method for selling many mid and high priced items
which would usually be sold at an auction house as well as
luxuries such as your car which would usually have to be
advertised by a more expensive, conventional method.
You'd be surprised how much more you can get for items once
you start selling them on eBay - due to the worldwide appeal
of the site you have a much higher audience than simply
selling your items at the local car boot. So check out
www.ebay.co.uk and get yourself signed up but just don't
get distracted and start looking up items that you recently
gave away or sold for pennies - I made this mistake some
years back and found an old computer similar to one I'd
simply thrown out which went on to sell for several hundred
pounds online!
eBay 101: Selling on eBay For Part-time or Full-time Income, Beginner to PowerSeller in 90 Days
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