Sunday, May 27, 2007

Making Money on Ebay

I am constantly surprised by the amount of people that do not use eBay. I find that it is fantastic way to make extra money, both by selling things that I buy, hoping that i can make more money for them and by selling things that I own when I decide to have a clearout. A lot of people seem to be rather afraid of selling things on eBay so I thought it might be useful to share a few tips.

Before selling anything take a look on ebay to see if there are any for sale already. It is also very useful to look at sales that have completed in the last 30 days (you have to register with ebay to do this). This will give you an idea of how much the item is likely to sell for, bearing in mind that a new seller will possibly not make quite so much to start with. Assuming that the item will sell and for a price that you are happy for you ned to prepare it. make it is clean. If it is a book rub out any writing in it if you can (but be careful not to rip the pages). If it is clothing wash and iron it. You will then nee dto photograph it so choose a clean and uncluttered surface and arrange the item to show off its best features. When you list the item, make sure that you include as much detail as possible especially of any damage. I have noticed that damaged items with detailed descriptions can sell more than less damaged items but with less description. I think that it shows that you are honest. Make sure that the decription is clear with as few typos as possible.

List the item for as long as possible as more people will see it. Start the price at something which will cover your costs. deciding whether to price high or low can be quite a dilemma. If you start high it shows the item is valuable but will put off all of the bargain hunters (which most ebay buyers are). If you start to low you risk getting just a few bids and not getting much money. I always price at the amount that I would be happy to sell for, therefore if the item just gets one bid in the auction, I will not be disappointed. Make sure that your postage price is fair. I always weight the items and calculate the exact postage price and then add on the cost of my packaging materials. If you overprice here you will not only put off buyers but you will be breaking ebay's rules.

Happy selling!

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