The last few weeks I’ve received some questions about selling stuff on eBay. I’ve decided to compile those answers into one post. In today’s post, I will discuss some beginner’s tips for people that are interested in selling on eBay.
If you’re interested in selling on eBay the first thing that you need to do is sign up for an account. Signing up for an eBay account is free. To start out, you just need to include your name, email address, and password.
The 2nd thing that I would do is sign up for a PayPal account. A PayPal account is an online service that allows you to send and transfer money electronically. It is the best way to get paid using eBay. PayPal is also free to register with. Make sure you add a checking account or credit card to your PayPal account so that it gets verified. The sooner you do that, the sooner you will be able to make money and transfer it to your account on file. It usually takes 3-4 days for your money to transfer to your checking account once you’ve withdrawn it.
Quick tip: If you’re new to PayPal I wouldn’t add my regular checking account to my account. I would open a separate one.
There are a few fees with eBay and PayPal. I will discuss the basic fees. The 1st 20-40 listings are free on eBay depending on the category. After those free listings, the price goes to $0.30 per listing. There is also a final value fee. That fee is 10% of the total amount of the sale. PayPal’s fee is 2.9% and $0.30 per transaction.
Next, you have to decide what you want to sell. There are thousands of things that you can sell. People are making money on all types of crazy items. Below is a list of a few things that I’ve sold.
- Sports Items
- Coffee Mugs
Quick Tip: If you are having a problem finding inventory check out this post –> 7 Places to Get Inventory for eBay
Before you settle on items, make sure you do your research. The main way I research an item is by searching for it on the eBay website. You want to make sure that it’s an item worth selling. I’ve made a mistake thinking that some items would sell, but they didn’t. Taking an “L” isn’t fun. My eBay flops as I call them can be viewed here.
The next thing that you should do is take good pictures. Your pictures should be clear and have plenty of lighting. You can also add up to 12 photos for free on eBay. That should be more than enough pictures for a perspective buyer to know if they want to buy your item or not.
The next step is to decide how to sell your item. Do you want to list it as an auction or do you want to sell it for a fixed price? If you list your item as an auction people get the chance to bid on it. The highest bidder wins the item. With a fixed price listing you choose the price. The person can then buy it without bidding. With both of those options, you can choose how long you want them to be listed for.
Before you set a price for your listings, make sure you check the sold listings to see what your items are currently selling for. Below are a few pictures that can show you how to do that. The example that I used was Air Jordan IV sneakers.
When it comes to shipping, you have two options. You either can charge a flat shipping rate, or you can calculate the shipping. Make sure you research this especially if you have a large or heavy item. I’ve charged too little for shipping a few times and came out in the negative with a few items. That is not a good feeling. If you have to, you can even buy a mini scale and weigh items before you take them to the post office.
Shipping boxes can be hard to come by if you don’t know where to look. I wrote a post a few months ago titled “3 Simple Ways to Get Shipping Boxes“. It details three different ways for you to get boxes for your shipping needs.
I hope this beginner’s guide to selling one eBay answers some of your questions. If you need some specific help feel free to email me or contact me via twitter.