If you have ever read an article about eBay, you will have seen the kinds of incomes people are making. It honestly isn't unusual to hear of people making thousands per month by selling on eBay.
You may have heard of PowerSellers. Next time you're on eBay, have a look at how many there are. Now consider that every single one of them must be earning minimum 750 per month as that is eBay's requirement for becoming a PowerSeller.
Silver PowerSellers minimum 1,500 each month
Gold PowerSellers more than 6,000 per month
Platinum PowerSellers more than 15,000 per month
Titanium PowerSellers make at least an amazing 95,000 in sales every month.
The fact that these people exist gives you some idea of the income possibilities here. Most of them started by simply selling things they had at the back of their cupboards or in the loft. There are plenty of people whose full-time job is selling on eBay and many of them have been doing it for years now.
Here are a few things that you really need to know before you go and throw yourself into the deep end
What to Sell
Firstly, you need to decide what you are going to sell. Think about what is your specialty. You'll do far better on eBay if you become a great source for certain kind of products rather than selling random rubbish. The most important point to consider is to try to sell what you know. This way you can write a better description and sell your product for a good price.
Next think about what things you could get a good price for to resell and how suitable it would be for posting. Don't worry if you think the thing you're selling is too obscure. There is a market for almost anything on eBay and remember you will probably do even better by filling in a niche than selling something that is common.
Prepare yourself
There are going to be ups and downs when you sell on eBay but don't give up if something goes wrong in your first few sells. The sellers who are successful are the ones who enjoy it and never give up.
If you decide it's not for you then the start-up costs are so low that you won't really have lost anything.
If you are ready to start selling, then you need to know what different types of auctions there are and decide which one you will use.
Posting your very first auction
Step 1: Open an eBay seller's account
If you have bought things on eBay then you already have an account just log in and click the sell' tab in the toolbar at the top of the page, the click create a seller's account'. If you've never used eBay before then you need to register as a new user on the home page then click sell' and create a seller's account'. The eBay site will guide you though the process and this may involve giving card details for security purposes.
Step 2: Decide what to sell
For your first little experiment, it doesn't really matter what you sell. Take a look around the room you're in I'm sure there is something that you're not all that attracted to and can put in the post. Small books and Cd's are ideal.
Step 3: Submit your item
Click sell' and you're on your way to listing your first item.
The first thing you need to do is choose a category. It is best to type in what you are selling and let eBay choose for you. Next, write a title and description. Include keywords you think people will search for in the title box and all the information you have in the description box.
Now set a starting price. 0.01p is the best starting price as it draws people into bidding. The next thing is to set duration of the auction. Remember longer sales will usually get more bids but will also seem to drag on forever.
If you have a picture, add it now. Items with pictures will always sell for more.
Finally tick the payment methods you will accept (Paypal is the ideal method) and where you will post to. Try to limit to your own country to begin with.
Submit and you're done!
Step 4: Wait for it to sell
Sit back and let eBay do all the work for you. Buyers will find your item and leave bids on it. Some may email you with questions and you should do your best to answer them as quickly as you can.
Step 5: Collect payment and post it
EBay will send your buyer emails to guide them to make the payment. Always post your item once cleared payment has been received. Ensure the item is carefully wrapped and write the address clearly on the parcel. Put some stamps on it and post.
Step 6: Feedback
Once your buyer has received the item, they will normally leave some feedback for you. Positive feedback is a necessity on eBay as it gives buyers confidence in buying a product from you. If you have not received a feedback you can send a reminder to your buyer. Remember to always give a feedback to your buyer.