5 Ways to Make Money on eBay
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.
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.