How do I make money selling on eBay - How to make money by selling on eBay?

If you want to start making money from home quickly, with little to no investment, selling on eBay is a viable option. Starting an eBay business has many benefits, including:

• It's quick. You can create an auction today and get paid for your item within a week.
• It doesn't cost much. You can start for free if you sell items you already own. Your expenses come after you make a sale and get paid.
• There is a ready stream of buyers. There are more than 182 million active users on eBay, according to Statista. Plus, now that eBay has a mobile app, it's easier than ever to buy and sell on eBay.

But even with these benefits, it takes more than posting a few auctions to generate a steady income on eBay. Like any business, you need to research, plan, then implement and evaluate your plan.

Here are nine steps to getting started and making a living on eBay.

How do I make money selling on eBay?

How do I make money selling on eBay?

If you've never bought or sold something on eBay before, now is the time. Taking an eBay test drive will not only help you get familiar with the system but also determine if it's something you want to turn into a home-based business.

1/ Sign up for a free account. If you know you want to start a business, use the eBay business account sign-up option. If you're not sure you want to engage in a business and want to test eBay instead, use the regular eBay registration.

2/ Buy something. The best way to get a feel for selling on eBay is to first complete a transaction as a buyer. Pay attention to ads that appeal to you, such as the photo, title, and price. Many are organized as auctions, where you bid by stating a price you are willing to pay. You can set a maximum price and eBay will submit your bids in increments until you reach the maximum price. Some sales are fixed prices, where buyers can buy now. These do not require an auction and the item can be purchased immediately instead of waiting for the auction to end.

How do I make money selling on eBay?

3/ Sell some items. Before you start an eBay business, test eBay by selling a few items. This will give you an idea of ​​how the platform works, time to evaluate your offers, and start developing a listing, packaging, and shipping system.

• Start by finding things around your house that you don't want and listing them.
• Take quality photos and write detailed descriptions.
• Set an opening price to attract bidders.
• Decide if you will offer a warranty and the option for the buyer to return the item if they are not satisfied.
• Describe your shipping policy, such as how it will ship, who pays, and how much it will cost. eBay offers a shipping calculator to help you.
• Check out other listings of a similar product to see how other sellers set up their listings.

4/ Send an invoice to the winning buyer through the eBay interface. Some buyers will pay before you even invoice. Otherwise, you can send an invoice from your eBay account. After payment is cleared, pack the item and ship it as soon as possible.

How do I make money selling on eBay?

5/ Give and ask for feedback. Feedback is essential to eBay's success. If your buyer pays promptly, leave positive feedback through eBay's feedback system. Don't forget to ask your buyer for feedback after they receive the item. Make sure your item was delivered as described and arrives promptly to ensure a safe return from your buyer.

After making a few sales, you should be able to decide if you want to start a full-fledged eBay business. If so, here's how you can take your eBay sales to the next level.

How to make money by selling on eBay?

If your test drive goes well and you decide to start a home business on eBay, you need to find a source of items to sell and officially start your business. Here's how:

How do I make money selling on eBay?

6/ Choose a niche. Eventually, you'll run out of items in your house, so you'll need to find a new source of inventory. There are several ways to do this. Depending on what has sold well in your home, you may find more sources of these items. Places to look are garage sales and thrift stores. Or sometimes people sell items in bulk, which you can buy, break, and sell by the piece. 

Another option is to find products through a drop-shipper or wholesaler. These companies sell products at discounted prices which you can then sell for a profit. Drop-shipping companies will take care of the ordering and shipping, adding your business label for a fee.

Much eBayers focus on a specific product or type of product. Others follow trends and sell what's popular, which requires a bit of research. Be careful not to be swayed by get-rich-quick deals on eBay. It's always best to focus on the things you know.

How do I make money selling on eBay?

7/ Create your business. If you plan to generate regular and stable income on eBay, you need to create an official home business, including obtaining a business name, obtaining a license required by your city or county, and developing a business plan.

8/ Run your eBay business like a business. Along with a steady stream of quality products, you need to provide excellent customer service, package items well and ship them quickly, manage your inventory, and keep track of your business finances.

9/ Open an eBay store. If you're doing well, you might want to take advantage of the eBay store option. Having a store offers many advantages over regular selling on eBay, including a personalized online store, increased free listings, lower final value fees, marketing tools, and more.

How do I make money selling on eBay?

There are many places where you can sell items online without having to create your e-commerce site. While many of them are great options, eBay was the first and remains a popular go-to site for buyers and sellers.