There are many reasons people turn to eBay as a source of income. While some dabble in selling just to get rid of clutter or to make a little extra cash, others may actively pursue eBay as a primary source of income.
Circumstances and motivations differ greatly from individual to individual. If you’ve lost your job or been hit with unforeseen expenses, your motivation and strategy will be much different than that of an upcoming entrepreneur.
Overall, there are 2 main motivations and circumstances for selling on eBay:
- You may be interested in only pursuing eBay as a hobby and are content to make a few bucks here and there or as a means to supplement your income part-time while remaining in a full-time career that you love.
- Or maybe your entrepreneurial spirit is calling you to break free of the 9-5 scene of working for someone else. Perhaps you are fortunate enough to be able to sell on eBay full-time but not sure what step to take next.
In any case, eBay affords you the opportunity to realize your dreams –– just how far you take your dream is up to you.
Whether you want to clean out your closet and sell your designer clothing online, or develop a high-volume online store, want to make some extra cash, clear out some unwanted items from around the house, or even start a business, it’s easy to start selling on eBay.
To start with, I have gathered a guide below to help you get started. Selling and provide details on selling basics such as pricing your items, choosing your postage options and setting up how you’ll get paid after a sale, eBay is the great place to go. Let’s begin:
Set up your seller account
Before you start selling, you’ll need an eBay account. If you don’t already have one, you’ll need to register. You can choose between a personal or business account to start with.
If you plan to sell casually, like selling items you no longer need or want, a personal account is the best option. Pick a business account if you want to sell large quantities, or have items that you’ve made or bought to resell from overseas i.e. Alibaba or JD.com etc.
To create an eBay account:
- Go to the Registration – opens in new window or tab page.
- Select Personal account or Business account.
- Enter the required details and then select Register.
Once you’ve registered, now you are ready to start selling by further:
- Select Sell at the top of any eBay page or go to Sell your item – opens in new window or tab
- Create a listing for the item you’d like to sell.
- Confirm your details and add an automatic payment method for any eBay fees.
You may also be asked to verify your identity to keep your account secure – this could be through providing a credit card or telephone number.
Visit the Seller Centre for more help with selling for the first time – opens in new window or tab.
New seller basics
Get off to a good start by reading the eBay guides on creating effective listings, setting up your postage options, and choosing how to get paid after you’ve sold your item.
Creating a listing is the first step in getting your item in front of buyers. To help you make sure your listings stand out, eBay covers range of features to help make sure your listings stand out.
Listing your items at the right price will help them sell. Learn how best to price your item in auction-style or Buy It Now listings.
When you create a seller account, you’ll need to add a payment method to pay for any eBay selling fees, eBay Money Back Guarantee reimbursements, subscriptions and other supplemental service fees. You can choose PayPal, direct debit or credit card as your payment method.
Learn about the range of delivery options that you can offer your buyers.
Image can make or break a sale. A blurry, dark photo won’ t help you win any sales. eBay allows you to upload up to 12 pictures for free. Include at least 2-4 where your product’s visible from different angles. Edit your photos with free editors like Canva or PicMonkey to make them irresistibly attractive. Lifehacker offers more tips how you can shoot better photos for things you sell online.
Run a quick price research
Type your product keyword to eBay’s search and choose Completed Listings only. Sort the results by “Price + Shipping: Highest First.” And analyze the prices for sold items (marked green) and unsold (red ones). Selling a branded product? Check out the prices on top 5 e-commerce sites selling the same product. You can also grab more information about the item from there to put it into your description and make it look more professional.
Calculate the total price
Don’t forget to include eBay seller’s fees and shipping costs to the total price. Alternatively, you can offer free shipping to selected regions only and add extra shipping fees for sellers based outside your area.
Choose your price model
Here are the two main ways how you can sell something on eBay:
• Fixed Price Model: set your price and wait till the buyer makes the purchase. First to come – first to get.
• Product Auction: determine the minimal starting price for your product, set the action time, and invite buyers to bid. The last bidder offering the highest price gets the product.
Auctions, if tackled correctly, can potentially bring you more income than selling an item for a flat rate. In a moment you will get to know the exact hacks about selling items via auction.
Fixed price model works best when you are selling the same multiple items or would like to dispatch the product the soonest possible.
Clearly outline your terms and conditions, shipping policy, warranty and guaranty
EBay success is based on user reviews. To avoid misunderstandings and negative feedbacks at the first place, clearly list all your policies. You can use existing templates and make sure you break Terms and Conditions into sections and include bulletin points to highlight the most essential information for readers.
Find out how you get paid for items you’ve sold on eBay.
eBay is committed to provide a secure and fair marketplace. As such, they’ve put in place rules and policies that govern their expectations of buyers and sellers, the actions eBay takes to keep you safe, and how eBay protects you if something goes wrong.
There are bunch of YouTube videos on: how to get started online, purchase items on eBay and resale, Delivery instructions – First time payment and order- How to search for product you like (Key Word Research) – How to deal with online wholesalers and retailers – Checking out for items if it is to be shipped to your address or country – Product warranty – refund or return – Trusted wholesalers and manufacturers, retailers and the list goes on. These are only the basics for you to know before getting started online so don’t you worry. With eBay, its a great place to buy and sell to generate revenue so start registering to make your first sell now.
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