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How to Make Money Selling on Ebay - Full Time or in Your Spare Time - Power Selling Tools

February 1st 2006

How to Make Money Selling on Ebay - Full Time or in Your Spare Time - Power Selling Tools

eBay Sellers

Gas prices are on the rise and many people are looking for new sources of income.  EBay may be a great way to add to your income and possibly a method of becoming self employed. This year Google has been called the fastest growing company in the history of the world, but back in 2004, eBay had that honor. 

At that time, the Auction Sellers Resource said that there were 430,000 people who earned most or all of their income selling on eBay.  If you were to consider these sellers employees, eBay would be the second largest employer behind Wal-Mart.

So how can you get started selling on eBay?  First you might want to start selling stuff around the house that you don’t want anymore.  Your ad presentation is very important.  Place your item on a white-board and background before taking the picture (or just scan it).  This will give you the professional look and get you more money for whatever you are selling.

 

Try to make your ads professional looking.  Believe it or not, most buyers prefer to buy from a company, not just “some guy”.  Never use words like “I” or “mine”.  Use words like “us”, “we” and “our”.  Never use outlandish font colors or sizes.  Keep it conservative.  Don’t keep all of your text centered; it will make your ad look amateurish and you will not get the full potential out of your sale. 

Describe your product well.  Check with the competition and see what they are doing.  It will give you an idea of what you can make from your sale and how much you should charge for shipping.  Always try to make your ad better than the competition. 

One good thing about eBay is that you can see what previous items sold for.  After you join and log-in, there is a checkbox in the left column that will allow you to see “completed items”.  Check it and see what similar items have sold for. 

 

After you have sold some of your stuff around the house, you may want to think about investing in merchandise. Trade magazines and trade shows are great for finding sources.  Drop shippers will usually charge more, and the competition will be fierce.  Hopefully you can find distributors and importers local to you.  It will save you an freight and shipping expenses. 

There are many online websites that will assist you in your eBay business.  Marketworks, Channel Advisor, and Andale are just a few.  We preferred Marketworks when we sold on eBay because they offered a full service program.  We were able to set up a storefront and sell via other channels. 

It is important that you investigate your business partners before you decide.  Andale and Channel Advisor have great programs also, but you will want to determine who will work best for you.    

 
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By Dan Wilson
Best Syndication Staff Writer

How to sell on Ebay Books at Amazon

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Copyright 2005 Best Syndication                                     Last Updated Saturday, July 10, 2010 09:48 PM