HOW TO MAKE MONEY SELLING ON EBAY

How to make money selling on eBay. How I make money selling decluttering the house
Selling on eBay isn’t as easy as it used to be, but there is still definitely money to be made, you just have to do your research first.
I like to declutter often, especially the boys clothes as they grow out of them so quickly. Brandon is a teenager so loves his designer labels, and for Archie I love to buy clothes from Next so as soon as they outgrow their clothes it’s time to resell to make make money to buy more.

GETTING SET UP ON EBAY

Most people I know have an eBay account for buying even if they’ve never sold anything. But if you don’t have an account then you need to sign up. It’s easy enough to get started, just follow the instructions via eBay, and if you haven’t got a PayPal account then you’ll also need to sign up to PayPal too in order to receive your funds and to pay your seller fees.

WHERE SHOULD I START?

Before I start any listing, whether I’m selling used clothes or new unwanted items, I’ll search eBay first to get a feel for similar listings so I know how to position mine. I’ll have a look at the listings, see how they’ve photographed their items, what category they are in and the description of the item. This just gives you an idea of the key selling points you should cover in your listing but under no circumstances should you copy another listing.

SHOULD MY ITEM BE SOLD VIA AUCTION OR A BUY IT NOW PRICE?

Normally for second hand items such as the kids clothing, I’ll list as an auction. The best thing as a seller is if buyers get into a bit of a bidding war which can bump the selling price much higher than you anticipated. I usually start my listings as 99p to draw attention to them but you have to be aware that if only one person bids then it will sell for 99p.

You can always add a reserve price if it’s quite a high value item, although the minimum reserve is £50 and you will be charged an additional fee based on the starting price. I recently sold our Mamas and Papas Sola City. There was no way I wanted to accept less than £50 so I made sure it had a reserve.

In order to decide on the starting price and reserve price I took at look at both the active listings and the sold listings. This gave me an idea of what others actually sold for. They sold for quite varying prices, from £35 up to about £80 so I decided my best option was an auction listing to try and maximise the price and a reserve of £50. Even though I would have accepted £50 I was hoping for more so didn’t want to limit myself with a Buy It Now price.

To reach the most potential customers I offered a postage option via courier or collection from my address. The buggy ended up selling for almost £75 so I was happy with the amount I received as a few buyers put in last minute bids to try and outbid the previous person.

If I’m selling a brand new item, such as an unwanted gift that can’t be returned then I’ll normally list this as a Buy It Now item. Again I check both the live listings and the sold listings to decide how much to list it for. If it’s something I want to sell quickly then I might price match other listings or go slightly under their price. If I’m not after a fast sell then I’ll usually look at an average price based on other sellers and go for a price I’m happy with.

How to make money selling on eBay. How I make money selling decluttering the house

HOW DO YOU DECIDE ON A TITLE AND DESCRIPTION?

The title needs to be straight to the point with key information. If the item is branded or designer make sure you include that, so if I was selling some of Archie’s Next clothing I would ensure I include the key words of ‘Next boys blue skinny jeans aged 4 years’ for example.

Make sure you are honest in the description too. You want to present the item as best you can but don’t over elaborate. A lot of people are very savvy so if the item isn’t like new then don’t describe it that way as the customer will be disappointed and could leave negative feedback or request a refund.

Try and include as much relevant information in the description. If it’s an electrical item then include the product description. If it’s clothing then include the RRP, size, length etc.

WHAT PHOTOS SHOULD I USE?

This depends on what you are selling. If it’s brand new then I’ll include both my own photo and the manufacturers photo. I sometimes do this with clothing too, depending on how old the clothing is and if it’s still available in the shops.

As you can include up to twelve photos it’s worth taking photos from different angles. Close ups of any key features are great too. I recently sold some of Archie’s winter coats from last year so I included an over all sot of the coat plus close up’s of the hood, pockets, label etc to show the features and that all areas were still in great condition,

If you are selling items as a bundle, which I’ll do with Archie’s t-shirts or jeans then make sure you have a ‘bundle’ photo then individual photos of the items so people can see what they are buying.

Make sure your photos are nice and bright and really show off your item. Good lighting is a must and don’t forget the basics like ironing clothing before taking you photos. Some clothing might look better folded or spread out in display, others might look better on a hanger.

Make sure there’s no clutter or undesirable items in the background. The last thing you want is to take a nice photo of the dress you’re selling only for a messy bedroom to be in the background.

DON’T FORGET

Don’t forget about your seller fees. When you sell items you’ll be charged a fee, this varies based on the final selling price. During the listing process you’ll be told how much the listing fee is before you actually list. If you start the price at 99p then there’s no initial feel, only the final valuation fee. You’ll be invoiced monthly via your PayPal account. PayPal also take a small fee too but this will be taken as soon as you receive the payment from the buyer.

Don’t forget to post the item promptly. In the listing you can specify how long it will take to post, eg within two days. Try to keep to your postage timeframes so you don’t disappoint the buyer and they know when to expect their item other wise they could leave you negative feedback.

Don’t forget to leave feedback for your buyers. This is your chance to describe them as a buyer, this doesn’t need to be too detailed, most people will just say something along the lines of great eBayer, prompt payer etc.

Selling on eBay can be a great way to make some cash but if you need some extra money quickly for an emergency but only for a short term basis then you might want to consider a payday loan, but make sure it’s the best option for you and that you can afford the repayments.




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