Hello,
I don’t claim to be an expert in every aspect of selling on ebay. In fact, I’ve only been selling on ebay for about a month. But it’s “paying the bills” for me right now. That’s why I have to tell you about it. It’s so easy!
I have been a member of ebay for a couple of years but all I ever did was buy stuff. Actually, my first experience on ebay was probably back in the late ’90s. I paid for a PhotoShop 4 book and never got it. I had to go through a long dispute process and I never really found out what if anything happened to the guy who didn’t send the book to me. I paid for it with a credit card and the credit card company gave me my money back and that’s all I really cared about. I did report it to the “powers that be” at ebay but that was the end of it for me. That experience left a bad taste in my mouth and I didn’t go back to ebay again until a couple of years ago. But that was back in the old days.
I love ebay now. You can find almost anything there and it’s really a pretty safe place to buy stuff now. I just make sure that the seller has a good reputation. Everytime you buy or sell something on ebay now, you get to rate the buyer or seller (depending on which one you are). It might be hard for someone who just wants to open an account on ebay and start selling stuff immediately because everyone who looks at your listings will see that you just joined yesterday and that you have never sold anything to anyone yet.
For example, I currently have a rating of 67 and a 100% positive feedback. It also says that I’ve been a member since November 25, 2005. Most of those 67 transactions are purchases but people won’t know that unless they go into my feedback profile. Before you start selling on ebay you might think about buying a few cheap items just to get a little bit of positive feedback for your reputation. I usually don’t read a seller’s feedback profile unless I see that they have some bad feedback.
Anyway, this blog is about paying the bills. If you have a bunch of junk sitting around the house…in the basement…attic…or whatever, chances are you can bring in some extra money by selling it on ebay. Here’s what you do.
Go to ebay.com and register. It’s easy and it’s free. Then go to paypal.com and register. This is also free but maybe not quite so easy. You need to either put some money in your Paypal account or link it to a credit card or a bank account or both. I did both. Paypal is almost essential if you want to have a successful experience with ebay.
Paypal is great! People trust it and paypal makes it so easy to purchase stuff on ebay. You don’t have to give people your credit card number every time you want to buy something. Also, when you start selling stuff, paypal will keep track of all your transactions automatically when people use paypal to purchase your merchandise. Paypal makes it simple to send invoices and you can even pay for postage and print out your shipping labels from your own computer. I couldn’t believe how easy it was.
Anyway, once you have an ebay account and a paypal account, you are ready to go. Next thing you need is something to sell. Start out with something small so you don’t have a lot of shipping cost. Do some research on ebay. Look and see what others are getting for the item you are selling and price it likewise.
You can list your item for 1, 3, 5, 7 or 10 days. Seven days is the standard and it costs extra to list for 10 days. As a rule the longer you list, the more people will see your item and the better you’re chances of selling at the highest price. You can set a starting bid for your item from .99 and up. I’ve found that most people wait until the last day to bid. They will put your item in their “Watch” list and try to sneak in a low bid at the last minute. However, you can see how many people are watching you item and sometimes it can really get interesting in the final hour. I had one item with a starting bid of $25 and it stayed at that price until the last hour. It ended up selling for over $90. I also had another item that 5 people were watching and I ended up only getting 1 bid and it sold at my opening bid price of $15. You just never know. But that’s what makes it fun and exciting even if it is frustrating sometimes.
You can also put a “Buy it now” price which allows someone to purchase and item without waiting till the end of the auction if they are willing to pay your price. But once someone places a bid on the item, the “Buy it now” price option goes away. Sometimes that’s a good thing. The item I had that sold for over $90 originally had a “Buy it now” price of $50 and at first I was disappointed when someone put a bid in for $25 instead of purchasing it for the “Buy it now” price of $50. But it was worth waiting till the end of the action for the $90.
Listing your item is really pretty much self explanitory. Just log in and click on the sell tab at the top of the page on the right and follow along and read all of the instructions on each page. It might seem just a little confusing the first time but just have fun with it. Start out with something cheap so if you make a mistake it won’t matter too much. Wait until you feel like you know a little bit about what you’re doing before you list your wife’s antique china.
Very soon, you’ll be listing stuff like it was nothing.
Oh but I have to warn you…it is very addictive.
Like I said in my previous posts…I don’t know what I’m going to do when I run out of junk to sell. Yard sales…here I come…
Hey thanks for visiting and please leave a comment for me.
Thanks and God bless.
Barry
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