It’s more than likely that you’ll have something lying around at home that you want to get rid of. What better way to get rid of stuff than selling it on eBay for a good price. In just a few minutes, you can sign up for an account and have your product listed for sale. It’s very important to take high quality pictures of the items you want to sell so the customer can get a really good look at what they’re buying. Well written product descriptions are helpful too when it comes to enticing customers so have fun with some wordplay.
Who Is It For?
Anyone can sell on eBay, you just need products you can sell and enough time to set up your listing and respond to any queries about the items from potential customers. You can do this during your spare time so selling on eBay as a side hustle won’t interrupt your regular job.
Who Is It Not For?
As a seller, good customer service is important. If you don’t have time to interact with potential customers, this may not be for you.
How It Works?
Having a little familiarity with how buying and selling on eBay works is an advantage if you decided to pursue selling on eBay as a side hustle. You can use regular eBay registration to try out selling and see how it goes before committing to a business. If you’re ready for the commitment, you can go ahead and sign up for the eBay business account. Once you’re all set up, you can sell a few items to test out the platform, then improve from there.
You can start by picking out stuff around your home that you don’t want any more then list those by taking quality pictures and writing detailed descriptions. You’ll set your price which you can even put in auction form and have customers bid for the items. For some tips or a general guideline to making a listing, you can check the other listings of a similar product.
Once the bidding ends, you can send an invoice to the winning buyer through the eBay interface. Since eBay is connected to PayPal, you can send a PayPal invoice right from within your eBay account. After the payment is made, you’ll need to pack the item and ship it right away. Give feedback and ask your customers to do the same once they receive the item. Positive reviews can go a long way in giving you credibility on the platform, hence attracting more customers.
If the test drive goes well, you can sign up for a business account, pick a niche, set up your business, run your eBay business like a business, and you can even open an eBay store with great features like increased free listings and customize features.
What We Like?
It’s fast, Cost efficient, and there’s a ready stream of buyers in the form of over 152 million active users on eBay, plus the site helps sellers reach buyers.
What We Don’t Like?
Business accounts come with more paperwork as you have to keep detailed records of every transaction to prepare for tax season, plus you’ll have to do more work on taxes, time consuming, and eBay selling fees can be costly.
How Much Can You Make?
Your earnings depend on the products you sell and how many of them you sell. A quick search on the internet shows some eBay sellers making a $1000 in 37 minutes or even making sales of £1 million in 12 months.
Pros:
Flexible hours
You set your own prices
eBay is connected to PayPal so you can send an invoice to a customer directly from your eBay account
Cons:
High competition from other eBay sellers
Getting customers can be difficult
You need to invest time in preparing a product listing and interacting with customers
Conclusion:
Owning your own little shop is easy with eBay. All you need is an account and some products to sell. You can check out the links we have below for more information on the pros and cons of selling from an eBay business account.
