How to Make Money on eBay
How to make money on eBay was one of the first things I wanted to know about when I first started learning how to make money online. eBay was new and hot! If you would ask how to make money fast, eBay was one of the first things everyone would point to.
I had heard of many people who were already making a living selling things on eBay. But, I had no idea what to sell on eBay. I was clueless. I had no idea what things to sell on eBay. Clearly, I had a long way ahead of me.
So, I started reading and learning and went from selling unused stuff to buying wholesale and selling on eBay for a profit. It took a while to make any decent amount of money, but it was all worth it. I learned a lot of things from my experience in trying to learn how to make money on eBay. The most important lesson I learned with eBay selling is that the amount of money you can make on eBay, depends heavily on researching and finding the right items to sell on eBay.
In the past few years, eBay has changed dramatically, so did selling on eBay! But, eBay still is a great option, you can still sell on eBay and make money. Thousands of people are still making a great income selling things on eBay. You can sell anything from electronics to reports about making money online and anything in between. Getting started on eBay is fairly simple and easy. All you need to do is find out what products or services are on demand, and buy or create those products or services for a low price and sell them on eBay for a profit.
If you want to learn how to make money on eBay, here are a few ways that I have personally found to be the best ways for making money selling on eBay:
Sell your unwanted things on eBay
Everyone has things to sell on eBay! Most people start making money on eBay by gathering their unused items and selling them on eBay. All of us have these kinds of items laying around the house, garage or in the attic. A lot of those items are not going to be used any way and probably will be thrown away any way. So, why not sell them on eBay and make a little extra money no matter how small.
Offer your services on eBay
You don’t necessarily have to be an experienced web designer or a fortune teller to make money on eBay. Look deeper, there must be something, a talent, or some kind of knowledge that you possess that many people might be willing to pay you for. A simple example would be offering people who have a lot of stuff to sell on eBay, but don’t have the time to do it themselves, or don’t know how to do it, to sell their stuff on eBay for a commission. These people could be your friends, family, neighbors or anyone else for that matter.
Buy from wholesalers and sell for a profit
There are whole seller in almost any category you can imagine. You can buy a product that usually costs $10, for $2 if you buy in bulk. The most important thing to remember is to know what to sell on eBay. Choose a product that is hot and find a wholesaler. Buy in bulk for cheap and turn around and sell them on eBay for a profit.
Most beginners who are trying to learn how to make money on eBay, make a big mistake by jumping into this method without prior research. Make sure you do your research before spending money buying a truck load of items!
Use drop shipping
Drop shipping is probably one of the easiest yet most controversial ways of making money by selling stuff on eBay. Its not that easy to find legitimate drop shipping companies, but when you do, it is so easy to make money with it. You don’t have to deal with anything like handling, shipping, processing, returns and etc. You simply list the items on eBay and drive potential buyers to your listing When they buy a product, you get your commission. Simple as that!
Buy stuff from classified ads sites and sell on eBay
If you already know how to make money on craigslist, then this method is going to be easy for you. Take advantage of the “want it now” feature on eBay to find out what items are hot and on demand. Then go to a classified site like craigslist and look for those items. Many times you can buy those items for very cheap. And sometimes you may even get lucky and get those items for free on craiglists “FREE” section. Craigslist can be a gold mine if you know what you are looking for.
Making money on eBay is still one of the best ways to make money online. There might be other ways to make money on eBay as well, but, most of them will come down to the above mentioned methods, and all of above methods basically come down to supply and demand. Find whats on demand and supply it to those who are demanding it. Now you know how to make money on eBay!
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February 27th, 2012 at 11:37 am
Really very cool information you provided on ebay. I really want my own store on ebay, but setting up store on ebay requires PayPal account which unfortunately doesn’t work in my country.
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satrap Reply:
February 28th, 2012 at 7:02 pm
Yeah, that is the bad part of it. I am sure this problem will be resolved pretty soon though. Thanks for commenting Faisal.
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January 2nd, 2012 at 10:23 pm
You don’t explain to people the task of setting up an account with the bank to sell online, no one gives their private bank details. Nor do you mention costs with placing photos, you make it all seem so easy, but it’s not!
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satrap Reply:
January 3rd, 2012 at 10:02 pm
Hi Averil,
Honestly, I think if someone doesn’t know how to set up their eBay account yet, they shouldn’t even be thinking about selling on eBay in the first place.
Of course, eBay charges a fee for making it easy for you and I to sell things there. Every body knows that. Do you think most people thin eBay is spending hundreds of thousands of dollars just to let us use their site for free to make money for ourselves?…
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October 30th, 2011 at 5:28 pm
Very informative, I am going to check out your other articles. Thanks for sharing!
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September 4th, 2011 at 5:14 pm
This makes me want to get up in my attic and clean it out and sell, sell, sell!!!
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February 23rd, 2011 at 4:59 pm
I’ve had my eBay account for about 2 years, before I sold my first item about a week or so ago. I was scared to “figure out” how it worked, and it seemed a lot more complicated than it is. I was worried about the shipping, and how I would get the product to the customer. I was also worried about them claiming the never got the product when in fact they did.
Now that I’ve realized how EASY it is to sell something on eBay, I’m hooked. I sold my first item, a $25 giftcard, and delivered the code via email. The buyer was legit and I got email confirmation from them that they did in fact receive the code.
Now I’m taking a step further and cleaning out my house for things I never used or don’t need anymore. I’m determined to turn it into cash on eBay!
I think everyone should do this. We all have unwanted things lying around our house.
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November 29th, 2010 at 9:04 am
I agree with CJ. One way to make money on ebay is to utilize craigslist where people are requesting services or wanting to buy specific items. Using these two together will help you get more customers paying you.
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November 7th, 2010 at 12:57 am
Wow, this one of the best money making post I’ve ever read.
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November 4th, 2010 at 5:12 am
Freecycle is another great way to find stuff to sell. If you keep your eyes peeled it is amazing what you can get for free that has a good sales value. People often just want to get rid of stuff but can’t be bothered to sell it.
.-= alex johnson´s last blog ..set up ebay business =-.
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satrap Reply:
November 7th, 2010 at 12:36 am
Alex,
Good point, I often see a lot of cool stuff on craigslist and other classified sits being offered for free.
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October 23rd, 2010 at 11:09 pm
hi,
thank for sharing your knowledge of selling on ebay. it is really useful for me.
cheers,
Wanita
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October 23rd, 2010 at 12:23 am
I’ve made decent money buying items from flea markets and thrift stores and reselling them on Ebay. Purchase designer brand clothing at super low prices and sell it for a profit on Ebay. The other item I’ve made decent profit on is used books.
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September 14th, 2010 at 8:32 am
I was thinking about selling some of my old stuff on ebay but then I couldn’t be bothered with the fuss. Essentially, it’s running your own business and I’m definitely not cut out for that. Actually, I’d imagine that’s why a lot of people fail on ebay; because they don’t treat it as a real business but it is. Just because it’s online, doesn’t mean you don’t have to take it seriously. You have to have a business model, you have to find a good wholesale supplier, you have to maintain good customer serviced and that’s just scratching the surface.
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July 1st, 2010 at 1:59 pm
I’ll probably try drop shipping and integrate that to my other marketing plans…
I believe you have good knowledge on drop shipping how-tos, can you please point me to some links where I could further research drop shipping methods?
Thanks and good luck in keeping the spammers off.
.-= Emm Jay´s last blog ..How To Make A Free Living Online At Home On Your Free Time =-.
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satrap Reply:
July 1st, 2010 at 10:07 pm
Emm,
Thanks for your kind words. There are many places where you can find good up to date information about drop shipping. Online fourms, how to sites like ehow and other. One of my favorite site to get such information is the practicalecommerce.com
Please be careful with drop shipping, there are a lot of scams in drop shipping industry.
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June 15th, 2010 at 5:43 am
hey lovely post and great information, i have got some very good points.
thanks for sharing such very useful information
cheers
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June 13th, 2010 at 4:58 am
Man it sucks that you’ve got all these spam comments here,
either way, this is a great post. Another great way to make money on Ebay is by using craigslist to find things to sell. It absolutely rocks!!
CJ
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satrap Reply:
June 17th, 2010 at 1:03 am
Hey CJ, Thanks for your comments. It really does suck having the spammers spamming the blog nonstop. I even have the Akismet plug-in that catches a lot of these scams, but some get through any way, which I usually delete as soon as I see them But, the problem specially with the older posts is that you kind of forget about them and dont see them much often, so the spams stay there. But, thank to the comments of people like you, I get informed and can delete these spams. I just wish people would take the time to read and leave a relevant comment, that way we all could benefit. I get a good comment on the post, you as a reader might learn something from the comment, and the commenter can get a backlink that will stay there forever. But, sadly many people think there is a short cut and they dont care if the step all over other people to get to where they want to get to. Thanks CJ.
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