subject: How Much Will I Make Selling on eBay? [print this page] If you are looking for a way to make some cash online, eBay could be the answer. Many people have been successful with eBay businesses and the opportunity is there for you too. Realistically, how much money can you make on eBay? The answer depends on what you sell and how earnest you are about the process.
How do I know what to sell on eBay?
Certain types of products are restricted, regulated against or are downright illegal or prohibited, and you may not sell them or may only sell them if you comply with special rules. An example of these might be guns, firearms, fireworks and the like. Other items may be sold but may have details regarding licenses involved, so you need to consider that aspect as well. eBay has a list of restricted items on their website under Seller Resources. Familiarize yourself with this list before you decide what to sell. If your items are not on that list, then you are good to go.
Now, how much will you get for the items you are selling? That requires you to compare your product with similar items for auction on eBay. A market niche that is saturated with antique dolls does not need you to sell one more. Besides, you could pay more in fees than you might possibly get for the doll.
There is something else to consider. eBay charges fees for listing and selling items. The fees are in line with the items you sell but you still have to pay them.
In addition to the sale price there are the costs for shipping. You add them to your listing so bidders can see what the total cost will be. Some people lower their price and compensate with higher shipping charges or vice versa.
On eBay you can list your items for auction or sell at a fixed price. Some items that are popular right now will sell better at auction. Others may sell faster when sold outright instead of taking the time to set up and run an auction. Some products sell better in auctions than others.
What can I do to get higher prices for my products?
One feature of your listing that can increase the sale price on your listings is photographs. People are visual, especially when considering something that they cannot physically inspect. Upload photos from all angles: front, back, aerial and both sides. Include shots with as much detail as possible. The more they can see, the higher they will bid.
Your product description can contribute to the hype around your product. Normally wars are not good things but in this case you want to have people competing to buy your products - this is how supply and demand works. The key here is the type of language that you use. Tell your customers things along these lines:
You will never find another set of sheets as soft as these. Quality Egyptian cotton bedding at 600 thread count is smooth as silk.
The wording makes each potential customer want to possess the item for themselves. In an effort to get it, they will drive the price up as they try to secure their purchase. This is an excellent strategy with you as the winner no matter what.
Use all the techniques you can think of on eBay to maximize the amount of money you can make. With determination and creativity, there is no limit to what you can achieve. At the end of the day, it is your own drive and energy that will decide how much money you can make by selling on eBay.
