For those of you who don’t know, I got my start on the Internet by selling my kid’s gently used clothes on eBay. An online garage sale if you will. It quickly evolved into me scavenging the house to see what else I could find that we didn’t need or use that I could sell on eBay to pull back in extra money. It wasn’t long before I was a Power Seller on eBay and our house was de-cluttered of all the junk, I mean, precious gems that we treasured!
So what are the secrets of making the most money when selling on eBay. There are some general guidelines I like to follow, that took me a while to nail down and unfortunately for me, practically giving away a few valuable items that would have gotten more if I knew more earlier. I bet those buyers are still talking about the fabulous deal they got from me – LOL!
Here are 5 Tips For Selling on Ebay:
- Research: Before you list something on eBay, make sure that you do your homework. There’s nothing worse than putting time in trying to get the perfect listing and then it doesn’t sell because no one is looking for the item you ar e listing.You want to check for similar items, and in some cases, exact items to see if they are (a). Listed (b). Selling (c). Selling for a price you are happy with. Look for similar items, sort auctions by “Completed Listings” and then sort again by “Highest Listing First”. You are looking for Completed listings with dollar amounts in green, which indicates that the item sold.
- Pictures: You can never have too many pictures, a picture is worth a thousand words. Remember, the buyers can’t touch your item or see it live so they are going by your description on your pictures. Make sure the pictures are clear and show the item you are selling in the best light possible. Make sure you show any flaws, scratches etc. so there are no surprises.
- Description: Make sure to enter your listing as accurately as possible to describe what you are selling. Again, do your research and consider what a Buyer would search for if he were looking for your item – use that in your title. Use completed listings to help give you an idea what to write and remember, the more details, i.e. brand names, original packaging, manuals, new with tags are all great in helping the buyer get a better idea of what you are selling.
- Shipping: There are many options for shipping, keep in mind that buyers are usually looking for seller’s who charge reasonable shipping and handling charges. I have found that by being as accurate as possible with the shipping, the happier the buyer is. It is a good idea to add insurance into the price of your shipping and handling. It used to be optional, but now eBay makes the seller decide whether or not to include it in the shipping cost. Keep in mind that if a buyer reports something arrived damaged, it is the seller who will be responsible so I recommend adding this to your S&H cost. (Thanks Karen).
- Auction Start Time, Starting Bid, # of Days: There are varying opinions on when to start and end an auction, keep in mind the other time zones when setting your times. You would hate to miss out on bidders because they are not awake. Same goes with starting bid and length of time. Many times auctions that start out at a lower bid will attract more buyers as opposed to an auction with a high opening bid that has to be met. Although most bidding comes in the final minutes, you will still want to be careful.
It’s easy to get started, just clean out those closets and get rid of clothes that don’t fit, toys that don’t get played with and things you bought that you really thought you needed. You will find that you can turn these unwanted items into extra cash that can be used for new clothes, or something you’ve been saving for like a new washer or even better a vacation! Good Luck!!