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5 Ways to Make Money on eBay

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Learning how to make money on eBay was one of my top priorities, when I first started my online income generation journey. At that time, eBay was still new to so many people and it was a hot money making system.

I had heard of many people who were already making a living selling things on eBay, but I was clueless. I had no idea how the whole thing worked. Clearly, I had a long way ahead of me.

I started reading and learning and in a matter of 11-12 months, I went from gathering junks that were laying around my house and listing them on eBay to make a buck to actually buying wholesale and selling individually on eBay for a profit. It took a while to make any decent profit, but it was all worth it.

Making Money On eBay
I learned a lot of things from my experience as a somewhat successful eBay vendor. I think the most important lesson I learned is that to successfully sell on eBay, you have to do your homework and you have to do it right, especially if you are actually investing in bulk or even individual purchases. And consequently, the amount of money you can make depends heavily on how much you know about the items you are trying to sell.

Although, lots of big and small eBay merchants still are auctioning stuff off successfully, in the past few years however, eBay has changed dramatically. But, it still is a great option, you can still sell on eBay and make money. Thousands of people are still making a great income with eBay and so can you.

I guess the best part about becoming an eBay seller is that you can sell anything from electronics, gadgets and tools to cloths, jewelery, collectibles and even services such as link building, content writing and everything in between.

Getting started on eBay is fairly simple and easy. All you need to do is find out what products or services are on demand, buy or create those products or services as cheap as you can and sell them for a profit.

If you are a beginner to the online auction seen, here are a few ways I have personally used to make money with eBay that I am sure you can easily replicate.

 

5 Ways To Make Money With eBay

 

1- Sell Your Unwanted Items On eBay
If you don’t yet know where to find items to sell on eBay, start with your own house! Everyone has things that they don’t need and/or use anymore. Most people start their eBay carrier this way; they gather their unused junk and put them up for sale.

Start looking around your house, in your attic, garage, closet or wherever else you stash things that you are going to “use one day”. Clean them up, take a few pictures of them, put a reasonable price on them and let them bring you cash!

2- Offer Your Services On eBay
You don’t necessarily have to be an experienced web designer or a fortune teller to make money on eBay. Look deeper, there must be something, a talent, or some kind of knowledge that you possess that many people might be willing to pay you for.

A simple example would be an eBay selling service where you offer to sell other people’s stuff on eBay for a profit. here are so many people out there who either don’t have the time to do it themselves or simply don;t know how to list things on eBay. You can help them get rid of their junk while getting yourself some nice commission.

3- Buy In Bulk And Sell individually
This is by far the most widely used eBay money making business. There are wholesalers in almost any category you can imagine. You can buy a product that usually costs $10, for $2 if you buy in bulk.

The most important thing to remember is to know what to sell on eBay. Choose a product that is hot, find a wholesaler and buy from him in bulk for cheap, turn around and sell them individually for a profit.

Most beginners who are trying to learn how to make money on eBay, make a big mistake by jumping into this method without prior research. Make sure you do your research before spending money buying a truck load of items!

4- Use Drop Shipping
Drop shipping is probably one of the easiest yet most controversial business models. It’s not that easy to find legitimate drop shipping companies, but when you do, it is worth the effort!

You don’t have to deal with anything like handling, shipping, processing, returns and etc. You simply list the items on eBay and drive potential buyers to your listing When they buy a product, you get your commission. Simple as that!

5- Buy Stuff From Classified Sites And Sell On eBay
If you already know how to make money on Craigslist, then this method is going to be easy for you. Take advantage of the “want it now” feature on eBay to find out what items are hot and on demand. Then go to a classified site like Craigslist and look for those items.

Many times you can buy those items for very cheap. And sometimes, you may even get lucky and get those items for free on Craigslist “FREE” section. Craigslist can be a gold mine if you know what you are looking for.

 

eBay is still one of the best ways to make money online. There might be other ways to profit more from eBay as well, but I would think most of them would come down to the above mentioned methods, and frankly the whole eBay business is just like any other business model; Find whats on demand and supply it to those who are demanding it. That is how you can make money on eBay.

22 Comments So Far...

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  1. CJ says:

    Man it sucks that you’ve got all these spam comments here,
    either way, this is a great post. Another great way to make money on Ebay is by using craigslist to find things to sell. It absolutely rocks!!

    CJ

    • satrap says:

      Hey CJ, Thanks for your comments. It really does suck having the spammers spamming the blog nonstop. I even have the Akismet plug-in that catches a lot of these scams, but some get through any way, which I usually delete as soon as I see them But, the problem specially with the older posts is that you kind of forget about them and dont see them much often, so the spams stay there. But, thank to the comments of people like you, I get informed and can delete these spams. I just wish people would take the time to read and leave a relevant comment, that way we all could benefit. I get a good comment on the post, you as a reader might learn something from the comment, and the commenter can get a backlink that will stay there forever. But, sadly many people think there is a short cut and they dont care if the step all over other people to get to where they want to get to. Thanks CJ.

  2. Emm Jay says:

    I’ll probably try drop shipping and integrate that to my other marketing plans…
    I believe you have good knowledge on drop shipping how-tos, can you please point me to some links where I could further research drop shipping methods?

    Thanks and good luck in keeping the spammers off.

    • satrap says:

      Emm,
      Thanks for your kind words. There are many places where you can find good up to date information about drop shipping. Online fourms, how to sites like ehow and other. One of my favorite site to get such information is the practicalecommerce.com
      Please be careful with drop shipping, there are a lot of scams in drop shipping industry.

  3. Chris says:

    I was thinking about selling some of my old stuff on ebay but then I couldn’t be bothered with the fuss. Essentially, it’s running your own business and I’m definitely not cut out for that. Actually, I’d imagine that’s why a lot of people fail on ebay; because they don’t treat it as a real business but it is. Just because it’s online, doesn’t mean you don’t have to take it seriously. You have to have a business model, you have to find a good wholesale supplier, you have to maintain good customer serviced and that’s just scratching the surface.

  4. I’ve made decent money buying items from flea markets and thrift stores and reselling them on Ebay. Purchase designer brand clothing at super low prices and sell it for a profit on Ebay. The other item I’ve made decent profit on is used books.

  5. Wanita says:

    hi,
    thank for sharing your knowledge of selling on ebay. it is really useful for me.

    cheers,
    Wanita

  6. alex johnson says:

    Freecycle is another great way to find stuff to sell. If you keep your eyes peeled it is amazing what you can get for free that has a good sales value. People often just want to get rid of stuff but can’t be bothered to sell it.

    • satrap says:

      Alex,
      Good point, I often see a lot of cool stuff on craigslist and other classified sits being offered for free.

  7. Jase says:

    Wow, this one of the best money making post I’ve ever read.

  8. Harmony Rose says:

    I agree with CJ. One way to make money on ebay is to utilize craigslist where people are requesting services or wanting to buy specific items. Using these two together will help you get more customers paying you.

  9. I’ve had my eBay account for about 2 years, before I sold my first item about a week or so ago. I was scared to “figure out” how it worked, and it seemed a lot more complicated than it is. I was worried about the shipping, and how I would get the product to the customer. I was also worried about them claiming the never got the product when in fact they did.

    Now that I’ve realized how EASY it is to sell something on eBay, I’m hooked. I sold my first item, a $25 giftcard, and delivered the code via email. The buyer was legit and I got email confirmation from them that they did in fact receive the code.

    Now I’m taking a step further and cleaning out my house for things I never used or don’t need anymore. I’m determined to turn it into cash on eBay!

    I think everyone should do this. We all have unwanted things lying around our house.

  10. Kristi S. says:

    This makes me want to get up in my attic and clean it out and sell, sell, sell!!!

  11. Mike says:

    Very informative, I am going to check out your other articles. Thanks for sharing!

  12. Averil says:

    You don’t explain to people the task of setting up an account with the bank to sell online, no one gives their private bank details. Nor do you mention costs with placing photos, you make it all seem so easy, but it’s not!

    • satrap says:

      Hi Averil,
      Honestly, I think if someone doesn’t know how to set up their eBay account yet, they shouldn’t even be thinking about selling on eBay in the first place.
      Of course, eBay charges a fee for making it easy for you and I to sell things there. Every body knows that. Do you think most people thin eBay is spending hundreds of thousands of dollars just to let us use their site for free to make money for ourselves?…

  13. Faisal says:

    Really very cool information you provided on ebay. I really want my own store on ebay, but setting up store on ebay requires PayPal account which unfortunately doesn’t work in my country.

    • satrap says:

      Yeah, that is the bad part of it. I am sure this problem will be resolved pretty soon though. Thanks for commenting Faisal.

  14. Eric says:

    Hey folks, don’t forget consignment shops. In cases like sofas, tables and other large items, often you can simply pick up a free item and deliver to the consignment shop. Typically you get half the sale price… no storage issues or sales effort required… just pick up and drop off. Just another idea for those short on space to warehouse items for sale.

    • satrap says:

      Great idea Eric. Thanks for taking time to share it with us.

  15. Lee says:

    Hi thought I would come back to this post and say what happened to me on ebay I was making a reasonable profit and then out of the blue ebay suspended me for no reason for selling high risk items in there opinion that is. I had 100 percent feed back made sure I dispatched items quickly . Just a bit of advice really be weary ebay are a law on to themselves.

    Just one other point I meant to mention when selling on ebay. Watch out for the goods didn’t arrive people. They say they didn’t receive the goods put in a dispute with ebay and half the time ebay gives them there money back and they keep the goods even though you provide e bay with a tracking number just be vigilan

    Lee

    • Satrap says:

      Hi Lee,
      Yeah, things like that happens unfortunately. I am sorry for your experience. Sadly, my girlfriend who used to sell shoes on eBay, had to deal with people like that once in a while as well. And you are right, many times eBay takes the side of the buyer no matter what. That and the rising fees have lead my girlfriend to stop selling on eBay for a while.
      Thanks for sharing your expericne Lee, and good luck.