I've been selling on eBay every day since 2003. I have helped thousands of sellers build an eBay business along the way. eBay is a big place with many moving parts. If you are just starting your eBay journey, here are a few tips to help you succeed faster.
Learn How to Price Items
You must know how to price an item for the eBay universe. An item is only worth what someone will pay for it, and you can figure that out by looking at eBay completed listings. Here is a video
on exactly how to figure out how to price items.
Start by Selling Things You Already Have
Most people think they have to go out and buy stuff to sell. Not true! The average American home has 300,000 items, and $7,000 or more worth of things that can be sold online. I have worked with clients over the years who have decades worth of accumulation in their homes and it could take a good 6-18 months to work through it all. Here are some things
you might not know even sell on eBay!
Don't Sell High Risk Items
Sellers often are enthusiastic when starting on eBay, and want to jump in by selling expensive items. Don't do it! You could be the victim of a scam. Start slow, small, and learn the ropes before offering high dollar items. Play it safe! Watch this video
about designer handbags - one of the types of items you should avoid until you have more experience.
Learn About Shipping
Shipping is undoubtedly the most confusing thing to learn when you are new to eBay. Here is a great video tutorial,
with a flow chart, to walk you through the process if figuring out what to charge for shipping. you don't want to overcharge the customer, and you don't want to short yourself either. Download the flow chart for free.
Buy Some Items to Get Feedback
If you are brand new to eBay and have just opened your account, you need to buy a few items to get some feedback. Your eBay feedback score is calculated from all of your transactions, not just your sales. So it is wise to be a buyer first, get some feedback, learn the ropes, and build your feedback score. Buy small inexpensive things you will actually use like cosmetics, office supplies, pet supplies, stickers for the kids or grandkids, or consumables. Then you won't look like a total newbie when you start to list your first items for sale. It is very, very difficult to sell anything with zero feedback, so get rid of that big obvious goose egg!
Get Help From an Expert
Getting guidance, advice, and support from an expert will move you along the learning curve faster than trying to figure out the pitfalls all by yourself. I can help! Check out my eBay Basics Course here
. If you have the basics down but still need help, my Premium Content Library
is perfect. You get unlimited email support, new videos every month, and much more. I am here for you!
This is a big seller controversy. Here is what REALLY goes on in thrift stores and why you should wash everything that comes out of a thrift store whether you keep it or sell it.Watch the video here.
Try not to get creeped out!
Unfortunately eBay research is limited - we can only look at completed listings for a limited time. And eBay does not provide much in the way of traffic reports, referring search word reports, referring domain reports - all the important things we want to know to improve our business.
We can all sell a lot more stuff if we knew what buyers WANT - what people are searching for, shopping for, and researching online using search engines.
When eBay took the Omiture reports away, it was quite a blow to those of us who used the reports to improve our businesses. As a blogger and writer who is trained in SEO (search engine optimization) for over 10 years, I figured out a way to use a keyword tool that writers use, for eBay research.
Now, keep in mind, that this tool is NOT provided by eBay. I had an "aha moment" and married this keyword writing tool with the need for better eBay research. I use this FREE tool frequently to discover what buyers want based on what searches are done on the internet.
For an in-depth explanation of this free research tool, that will help eBay SEO, check out my video here.
You REALLY can make $100 selling thrift store items on eBay, IF you learn to pick the right things.
For example, I recently spent 3 hours in a Goodwill store, and found 22 items that cost me $94. Based on my research of eBay sold items (comps), I will make a profit of just shy of $600
once these items sell. Here is the math:
Cost = what I paid, some were full price, some were half price.
Fees = I used an easy 15% for fees, since eBay fees are 10%, Paypal fees are 3%, and I added a little wiggle room.
Shipping = I do calculated shipping, so the shipping is always a wash, and paid for by the buyer.
I estimate another 3 hours to photograph and list these items. So the math is:
$619 profit / 6 hours of work = $103 hourly rate.
*Does not include drive time to the thrift store, which was 15 minutes each way, or shipping, which should be no more than 3 minutes per item.
Whether you believe it or not, pre-retirees, retirees, Baby Boomers, and Seniors are in the perfect position to start or grow an eBay business. Why? It is all about the STUFF!
You have the stuff - decades worth of stuff that you absolutely can sell on eBay.
Your kids don't want the stuff. They aren't trying to be disrespectful - it just isn't important to them the way it is to you. And they don't want to have to deal with it in 20-30 years like you are dealing with it now.
Your life is changing so you don't need the stuff.
You know all about the stuff. What decade it came from, what was going on in the world when it was popular, and what it is called.
You can use the money from the stuff.
You also have the skills and are technologically savvy enough to tackle the eBay site - which isn't really all that hard. (You are online reading this blog - so you can do eBay!)
You CAN be successful with eBay, and build a flexible business you LOVE, get rid of your stuff, make money when you feel like it, and HAVE FUN doing it from the comfort of home.
And take advantage of my Boomer special:
If you aren't satisfied with the consultation, no problem, I will refund your money and you can keep the course as my gift. No questions asked, no hassle.
Let's get going on eBay NOW so you can start downsizing and making money while you are doing it!
More Recent Articles