Selling on eBay: Learn How to Make Money With eBay

Are you probably wondering if selling on eBay is worth the hassle? Yes, it is. It is a fantastic way to make money whether you work from home with very little investment or you’re a reseller who sells huge amounts of goods.

Selling on eBay: Learn How to Make Money With eBay

eBay is one of the biggest and baddest online marketplaces out there with over 150 million users bidding, selling and buying each day.

It’s like a cave of wonders where you can set anything on sale: from clothes and books to vintage baseball gloves and film cameras.

There are a few different types of eBay sellers. You’ve got your newbies or amateur resellers, who sell a few items at a fixed price, and then you have PowerSellers.

PowerSellers are professional sellers who spend a lot of time purchasing items, packaging products, shipping and receiving goods, and managing auctions.

Whether you’re a newbie or a PowerSeller, you can flourish in this time of growth of the secondhand economy, getting your products in front of a global audience with eBay.

What Should You Sell On eBay?

Three categories that sell particularly well on eBay are:

  • Auto parts,
  • Closeouts, and
  • Used goods.

While some eBay sellers concentrate on a niche product, others follow trends to sell what is currently popular. On your side, this will take a bit of study.

Find out what’s trending

Finding outwhat is trending on eBay is one way to discover out what is new in the marketplace. You can use this eBay tool to see what customers are looking for.

Google Trends is another platform for studying seasonal trends and historical data. You can use it to calculate market demand and assess the best time for your product to be listed and sold.

Price your products

You will need to do your homework and market your products competitively once you have decided what you want to sell. To calculate the value or trending price of a particular item in a specific category, you can use the eBay appraisal tool.

How to Start Selling on eBay

Do Some Research First

You need to determine what you are trying to sell and understand whom you are selling those things to before you can sell them on eBay.

A significant first step to launching your eBay store is market research. Let us pretend that you intend on selling soaps.

Before you set up your store and start listing products , it is important to understand which price point customers are happy with and more likely to purchase soaps.

To decide the final price on goods similar to those you wish to sell, look at how many sold to understand their popularity, and study the names and explanations of popular items to get a sense of the sales language used by successful buyers, check out eBay’s active listings.

 Set Up an Account

For you to sell on eBay, the first step is to set up your account. To create your eBay account:

  1. Visit the eBay site you want to register with (these differ by country; eBay.com for US vs. eBay.ca for Canada, and so on).
  2. Go to the Registration page and determine whether you need a Personal or a Business account. Not sure which is right for you? If you plan to sell casually – just a few things here and there – a personal account is probably your best bet. But, if you have quantities to sell or if you have items you’ve made or bought to resell, a business account is the way to go. The remaining steps apply to Business Account set up.
  3. To register for a Business Account, select Create a Business Account. You’ll be prompted to enter your legal business name and email, create a password, and input a phone number. Once you’ve filled out this information, hit Register.

You will need to continue your account set up with relevant details once you have registered successfully, including:

  • Linking your PayPal account to your eBay account
  • Setting up to the “to” and “from” email addresses for your eBay messages
  • Setting up the email address where you’d like to receive your eBay invoice
  • Configuring listing and sold emails you’d like to be sent
  • Confirming your address and phone numbers are set up correctly
  • Setting up your primary return shipping address
  • Determining which payment option you prefer for eBay fees
  • Configuring the countries and regions you’ll ship to, how you’ll manage fulfillment, and your shipping rates for each, and setting up rules around combined payments and shipping discounts

Know the Rules

Like every successful eCommerce website, eBay is’ dedicated to providing buyers and sellers with a healthy and equal marketplace.’

This implies that they have rules and procedures in place that control both buyer and seller expectations, the steps they will take to keep both parties safe, and how you will be secured if anything goes wrong on either side of the transaction.

If you want to keep your business account in good order, it is imperative you familiarize yourself with and follow all of eBay’s policies.

However, some regulations reflect local legal requirements and others depend on the internal logic of eBay to protect its customers.

You can learn what can and cannot be sold on eBay, access guides to build and manage listings, and information on how to protect your personal details and company by checking the policies before you start selling.

Read: 7 Best Apps & Sites for Selling Stuff Online and Locally

eBay Best Practices 

We have put together some tips and tricks that will help you improve your sales, whether your eBay sales are down and you just need suggestions on how to boost them, or you are just looking for advice on how to build the perfect eBay listing from scratch.

Use high-quality product photos

High quality, professional-looking photos of the product will help you sell the truth more.

If you can view your items from different angles, while accurately transmitting the color and size of the object, you can not only sell more on eBay, but also increase customer loyalty and decrease negative feedback.

Detailed product descriptions

A clear and realistic description of the product not only helps encourage eBay buyers to buy from you, but it can also allow eBay to rank your products in specific searches accordingly.

Offer free postage

While providing free postage on your goods will not always be feasible, if you can, you should.

Display a clear returns policy

In fact, eBay encourages all of its sellers to provide a return policy that is customer-friendly, as this not only helps to attract more buyers, but also increases the chances of qualifying for eBay’s Top Rated Seller Status.

Price competitively

Although the price is not the only thing that persuades consumers to buy from you, it can definitely be an advantage if you operate in a highly competitive market.

Bottom Line

eBay is a perfect way from the comfort of your own home to make some extra cash. There are no hurdles to entry, it is open to everyone, and eBay is a household word.

Sell on eBay

Before jumping in, make sure you take the necessary steps to educate yourself about eBay policies and rules.

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