- 1 January 2020
- Posted by: gwhmedia
- Category: Personal Finance
Ebay selling tips
Selling the items you no longer want on eBay is a great way to make some extra money from home. However, it can look complicated and daunting to sell on the website if you’re new to it. Here are some tips to help you on your way to building your own eBay business!
Choose what to sell
Firstly, you need to choose what items you want to sell on eBay. You will be surprised at what you can sell! Some obvious choices are good quality clothes and electronics. But, items from cars to broken jewellery for parts are also popular with buyers! Take some time to browse eBay and see what others are selling to get some ideas.
Pricing- look at what’s already sold
It’s tempting to try and sell your items for close to what you paid for them. However, they’re unlikely to sell for this. Take a look at completed listings for similar items to see what they sold for. Then, price your item similar to this to increase your chances of selling it first time!
Try to avoid getting scammed!
As a new seller, it’s a good idea to take some precautions so you don’t get scammed by unscrupulous buyers! Try and avoid selling items that are of a high value, as these are the most likely target for scammers. So called ‘high risk’ items include designer goods, smartphones, laptops, and event tickets. Also, make sure that you never send an item until the buyer has paid through eBay and the money is in your account.
Get some feedback
Feedback is an important part of the eBay community. Both your buyers and those you’ve bought from can leave feedback on their experience with you. You’ll find it easier to sell if your feedback is positive! Firstly, build up some positive feedback by buying some small items so potential buyers have some to go on. Then, when you start selling, make sure you leave some for your buyers, and ask them to do the same for you.
Make sure you’re prepared
Be prepared for your sales by making sure you have packaging materials ready. The basics you will need is packaging of various sizes, strong tape, and bubble wrap for fragile items. You could even re use packaging to be more eco friendly! Being prepared means you’ll be able to ship out your items quickly, likely leading to more positive feedback!
Choose your listing type
The two main listing types are ‘Buy it now’ or Auction. Or, you can set your listing to Auction but invite buyers to make offers which you can either accept or decline. There are advantages to both listing types. Buy it now listings mean you can ask for a set price, but items may take longer to sell. Auction listings often mean quicker sales, but you might not get the price you wanted. Each listing type works best for different items, so take some time to read into them and their fees to decide which one works best for you.
Read up on policies and rules
eBay, like most selling websites, has various policies and rules in place, mainly to protect both sellers and buyers. The best place to read up on these is the eBay website. Make sure you know about them before you start selling, or you might be hit with some nasty surprises! Also, don’t forget that eBay takes a cut of both the item’s price and the shipping cost, so make sure you factor this into your prices!
Remember that selling on eBay often involves a lot of trial and error to find out what works best to sell your items! If something doesn’t sell first time, make sure that you relist it. The right buyer might just not have come along yet! Lots of people have great success with making extra money on eBay, and if you use these tips to help you, you could join them!