4 Ways To Make Money Online With Ebay

In the past few years, eBay has changed dramatically, so has making money on eBay! But, eBay still is a great option, you can still sell on eBay and earn money online. Thousands of people are making a great income selling things online.

You can sell anything from electronics to reports about making money online and anything 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, and buy or create those products or services for a low price and sell them on for a profit.

If you are new to making money online with eBay, here are a few ideas you can use to get going and start  selling on eBay: 

 

Sell your unwanted things on eBay

Everyone has things to sell on eBay! Most people start making money online with eBay by gathering their unused items and selling them. All of us have these kinds of items laying around the house, garage or in the attic. A lot of those items are not going to be used any way and probably will be thrown away any way. So, why not sell them on eBay and make a little extra money no matter how small.

Offer your services on eBay

You don’t necessarily have to be an experienced web designer or a fortune teller to make money online with 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 offering people who have a lot of stuff to sell on eBay, but don’t have the time to do it themselves, or don’t know how to do it, to sell their stuff on eBay for a commission. These people could be your friends, family, neighbours or anyone else for that matter who wants to make extra cash online.

Buy from wholesalers and sell for a profit

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 and find a wholesaler. Buy in bulk for cheap and turn around and sell them on eBay for a profit.

Most beginners who are trying to learn how to make money online with 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!

Use drop shipping

Drop shipping is probably one of the easiest yet most controversial ways of making money online by selling stuff on eBay. Its not that easy to find legitimate drop shipping companies, but when you do, it is so easy to make money with it. 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!

I hope this helps you out. If you have any questions, please feel free to leave a comment.

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How much does it actually Cost to use Ebay?

A very common question that people ask is "How much does it Cost to use Ebay?" and when you give them the answer very often they ask, "Why does eBay cost so much?" When you first look at those two questions they look very different, but once you start to answer them, they are almost the same.

Before we go into the first question, let us look at the second question...

"Why does eBay cost so much?" 

The answer is for what you get the charges are very small. Where else can you list an item and within minutes of it being listed it is on view to millions of people all around the world. eBay drives massive amounts of traffic to the platform every second of the day. They use many different streams to bring viewers and buyers to the site. On top of this you have the payment process, emails, security and the brand name eBay. This all costs money, and when you look at the bigger picture, you are paying very little.

Also when eBay put up their charges there is always an outcry from people this will ruin my business, how can they do this. Ladies and gentlemen, eBay is a business and they have a business to run and at the end of the year they need to show a profit; please grow up and get over the charges, it is all part of business. And if this tiny increases are enough to harm the profits of the products you sell, either up your prices or find another product, it is that simple.

What it costs to use eBay?

This is a question that cannot really be answered in just short article and it also depends on where you live in the world as each eBay country has different charges and different ways of applying these charges to your eBay listings. But we can look at the question from another angle that should help you make a profit on eBay. To start with there are charges and you need to look at these and build the listing fees, final fees, any extra fees and PayPal fees into your business plan.

But there are other fees that people sometimes forget and can mean the difference between a profit and a loss.

Your Time: 

You need to factor the time it takes you to list an item, make up the parcel and get the item ready for the post office

Delivery Charges: 

Spend some time and research the best way to send the item that allows the item to get there on time and at a cost that is good you the seller and also the buyer

Package Items: 

You also need to allow the costs for items such as boxes, bubble wrap and labels

Internet: 

Also you need to work out the costs of being online

All these little extra's may be pennies or a bit more over time if you have got them wrong you could be selling at a loss. This is why it is so important to check your numbers on a regular basis and also keep accounts up to date. By doing this you can see at a glance where the losses are and where the profits are.

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ebay Newbies: 5 Things you need to remember

One of the very first places people go to start an online retail business is ebay. But there are a number of issues that most ebay newbies neglect to think about or forget to consider before jumping in. This post covers just a few of these important factors.

What is the cost of your listing?

In other words have you factored in the Ebay listing fee plus the final value fee? Many times they have not actually calculated the full cost. They have not added the gallery fee, or the final value fee.

Have you ever read your eBay invoice?

The answer is usually, 'well I got an email and I haven't actually opened the invoice and gone through it'. So I ask you all, how many times have you gone into a shop and paid for a service without checking the bill or actually adding up the tab? So why do so many business people just not even go through their eBay invoice?

The answer is, eBay deliberately make the bill hidden. It is just there, and it is confusing, long, complicated and takes hours to reconcile. But, you must go through it. eBay are not without mistakes and they happen. If you don't find them you simply pay more.

Where is your money sitting that you have earned from the sales?

A lot of newbies have their money sitting in PayPal. This is another problem. Like any business, your PayPal account needs to be reconciled.

You need to set a particular time every day or every week when you transfer your money from your PayPal account to your business account. Then you need to reconcile this with the sales that have taken place. This is no different to reconciling your cash register in a store. It must be done for accounting and tax purposes.

What end margin after the fees and the time are you making with the eBay sales.

Some business that I work with work on very small margins. They may only be making a 25% margin on a product. Be careful, once your eBay fees come out, and the PayPal fees, this can gobble up more than 12% of your margin. In some cases I have actually seen new e-tailers only making 2% margin which then does not even cover their cost of labour, packing and rent.

Hidden extras.

Like all businesses the eBay model likes to upsell you. Be careful if your margins are small. Adding a sub-heading may help you product sell, but what is the point if you don't make any money. Then there is the fee for your eBay store each month, fees to schedule your item, template fees, extra photos. All of these eat into your costs. eBay recently sent out to new sellers an 'improve your performance or else' email.

This was a fear mongering email that eBay sends out to start you thinking that you need to add more of these on your listing. Beware is it a clever marketing trick to make you buy these hidden extras. One of my clients actually had a 100% perfect feedback score and got an email from eBay telling them that they had to improve their performance. If you get this please realise that eBay is in the business of making money.

In all eBay has an excellent place in the online retail arena, but it is not the place to only sell your products. Remember don't put all your eggs in one basket and certainly remember that eBay can easily pull the plug on your business without your consent. So please spread your product around and be aware of your costs.

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