Do you have a house full of items you are not using but just don’t want to throw away? Donating new and “gently used” items is always a great idea (not to mention being a tax write-off), but what about making a little money back? There are many places you can do that, EBay is one of them.
Here are a few tips to help you sell things (and actually make money doing it) on EBay!
First off, do your research! Do not list an item for sale until you have looked it up to see if the item would in fact sell! Do a search for the item you are thinking of selling and see if anyone else is bidding on it. If there are no bids for that item it would be a waste of time to list it.
Start your bidding low so that it will entice people to bid but not too low that you are practically giving it away.
EBay charges fees to list the item and then a final value fee once the item sells. So if you start your listing off low you will pay less. If you are worried about the item selling for too low you can always put a reserve price on it. A reserve price is the price a bidder has to reach in order for the item to sell. If you use this feature be prepared for people to write asking what your reserve price is!
Be honest about the condition of your item, if there is a scratch on the DVD or a stain on the pants say so! Honesty will earn you more customers and they will come back if they trust you! Be sure to describe the item as best as you can. Tell people what the auction includes, what sizes and colors, whether or not the items are new with tags on or used.
Take a picture of the item you are selling and upload it onto the listing. Try to capture it in the best lighting so that people can actually see what it is.
Decide how long you want the auction to go on, you can choose from as little as a day to ten days or more. Also, the time you start the auction is the time it is going to end so you may want to start your auction at night as more people tend to shop on the Internet at that time. Also, decide if you want to put a buy it now price in, this should be a price you are hoping to get for the item (keep in mind though that most people will hope to pay less and will just bid in hopes of getting it for a cheaper price).
Decide on a shipping price if the item is small enough to be shipped. This will depend on the size and weight of the box or you can choose to charge the same amount for all customers but be careful, the further out it ships the more likely it will be more expensive and you will lose money.
The last thing is to figure out how you would accept payment. Pay-pal is always the easiet way but you will need to set up an account if you don’t already have one. The good thing about this is that the money can be transferred straight into your bank account within a few days of a customer paying. You can also accept personal checks but you will have to wait for them to mail it to you and for it to clear in your bank before shipping the item out. The last option is money orders, they are good everywhere but again, you have to wait for them to mail it out to you.
Once all those things are decided and the item is listed make sure to print up a copy of the item listing and keep it in a folder. When the listing ends and the customer has paid you can write their name and address on the listing you printed up and how much it sold for. If you want to get really fancy you can keep a log in Microsoft Word so you can keep track of the auctions that sold and what they went for.
To ship the item, make sure it is in a sturdy box and wrap it so nothing breaks, use packing peanuts, newspaper or even empty plastic bags to make it so the items inside will not move. If there is anything Fragile in that box make sure to tell the post office. A tracking confirmation number is a good thing to get when shipping items out as you can keep an eye on it through the post office web site. Once the item ships you can send the customer an email with the tracking number.
Selling on EBay is not going to get you rich but it is a good way to make a few extra dollars or at least get some money back for things you may never have been able to use. Good luck and happy selling!
Read more: http://computersight.com/software/what-and-how-to-sell-on-ebay/#ixzz1S0RCyQbU