Thursday, March 16, 2017

How to Make Money on eBay

eBay is a wonderful thing. It's my go-to for hard to find pieces and the vehicle I prefer to sell items and make some extra cash.

Some people use Facebook Groups to sell items but being in metro ATL, I'm not comfortable with that. Selling on eBay gives me anonymity with my customers. I'm available if they have questions about an item but not within arms reach and for sure not available via Facebook; that gives me the creeps just thinking about it.

I frequent the area thrift shops weekly in search of things to resell but in particular, high-end children's clothing and bedding. Recently, I've started looking for vintage Pyrex but that's a hard item to score.  Here are some tips and picture examples for listing your items on eBay and being successful. These tips have worked for me time-after-time. Before opening your "store" on eBay you will need to sign up for an account which does require a debit/credit card. I also signed up for a PayPal account so my transactions can happen easily without using paper and are simple to trace.

1.  First things first- ask yourself will the item sell and what would you pay for it. I scour the kids clothing area of every thrift store I go in. Southern Mommy's are always looking for the perfect dress or outfit for their little ones and I've had a lot of success from selling primarily kids clothing.

2.   Only buy items in excellent condition. It's OK if items are not brand new but go over the garment/item with a fine tooth comb and make sure you are getting a good deal on a great item. The goal is to make money, not lose money on a bad purchase.

3.  Take clear pictures that show the entire item in one shot. Take at least five to six pictures and pick the best three or four. Also use a white backdrop unless the item you are selling is white.

Here are some numbers for you to crunch: 

Item: Auburn Tigers Dress- Size 24 months
Amount paid for dress: $2.62
Buy-It Now price on eBay- $16.00
eBay fee to list item: $0.00
eBay final value fee: $0.26
PayPal fee: $0.13
Shipping fee to be paid by seller- $2.00
Cost to ship item (always use an envelope and avoid using boxes) $3.15
Total profit: $9.97

$10 may not seem like a lot to profit but I usually have about 15-20 items listed on my eBay account. Those little numbers add up!



4. Tell a story of how the buyer will use the item or how it will make life a little easier for them. Everyone is busy right? We are all looking for shortcuts and ways to save money.

Here is a description for a dress I sold yesterday....


I listed the  size, condition and ways to use the dress in the first line. In the second line I stated how easy it would be to make this an outfit. Lastly, I listed the fine print in normal size font. The last thing you want is a bad review. 

Here is another dress that I posted and sold this week. 

Item: Kelley's Kids Monogrammed Dress- Size 4
Amount paid for dress: $1.50
Buy-It Now price on eBay- $12.00
eBay fee to list item: $0.00
eBay final value fee: $0.26
Paypal fee: $0.16
Shipping fee to be paid by seller- $3.00
Cost to ship item (always use an envelope and avoid using boxes) $3.15
Total profit: $10.40



And this is the description that I wrote:



I always explain how the person can use the item and how it will make his/her life easier.

5. Once you sell the item, ship it immediately and pack it well. After you receive payment for the item, take it to the post office ASAP. Buyers have an opportunity to rate the experience of shopping with you and you want great reviews! PS. you will also have a chance to rate the buyer (fast payment, good communication, etc.).

At first, I thought I would make a few extra dollars here and there by selling on eBay. I was so surprised when I looked at my total for the past six months.. This is the same kind of money I would make working a part-time job and all I had to do is shop! :)


Have you ever tried to sell on eBay? Have more tips to share?Tell me about your experience... 

With warmth and love,


Wendy
CEO- The House of Q’s
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