By: Nell Taliercio
If you have been looking for a way to make some money from home, you have probably come across the idea of selling things on eBay. You can start an eBay business to make a little extra money to finance the family vacation, or you can turn it into a full-time business that pays all your bills, and more.
Getting started with making money on eBay is pretty simple.
To start with you will need to create an eBay account as well as a Paypal account to make and more importantly receive payments.
Ebay uses a feedback rating system that allows buyers and sellers to indicate and comment on how the transaction went. One of your first tasks of your new eBay business should be to get your first few ratings in. Since the rating applies to both buyers and sellers, you can start by purchasing small everyday items that you would have bought anyway through eBay to get your rating up.
Make sure you pay promptly and when you are ready to start selling make sure your customer service is excellent and your products are what your buyer is expecting from the description or better. You should have a great feedback score in no time, which will go a long way when it come to earning the trust of potential buyers.
The first few items that you put up for sale can simply be things you have laying around the house. Dig through your closet, your bookshelves and that stack of old CDs and DVDs that’s collecting dust. Before you know it you will have a great stack of things to get your eBay business off the ground without spending any money. From here you can start visiting yard sales, or look through the sales racks of stores such as GAP.
Your next step will be to do a little research on eBay to get a feel for how you should set up the auction and how much you can expect each item to fetch. EBay will let you look at recent completed auctions. Take advantage of this great free learning tool. Click on the advanced search link and check the box that says “Completed Listings Only”. You can then enter the search term, what category to look for, what country the item should be listed in etc.
Hit search and you will see all the completed auctions of this item in the last few weeks. Pay attention to which auctions made the most. When where they listed, for how long. What title did they use, what description, what picture. Can you see anything else that distinguishes this auction from the ones that did not do so well? Study the listings and you will quickly pick up on things you can do to make the most of your auctions.
Now it’s time to get your feet wet with your first few auctions. Just jump in there. EBay’s step by step listing system makes it easy and fast. Repeat what’s working for you and continue to keep an eye out for those completed auctions that did well. You’ll be off to a great start.
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