Create An Income Stream Using Ebay

April 21, 2009 by  
Filed under Earn Extra Money

Most people have or know someone that has purchased something on eBay. You can find almost anything on eBay whether it is a rare stamp or a movie from your childhood that you cannot find in the shops or elsewhere on the internet.

The reason for this is that more and more people are using eBay as a small (or large) business from home with varying successes, supplying any item you can think of. If you are needing to earn a little extra cash and would love to get rid of your junk, why not give eBay a go?

If you have never used eBay before, visit the site and register an account. The site is very user-friendly and even the most non-technical person can navigate their way round. Have a look at what is selling to give you ideas of your own.

There are many online tutorials, audio files and books to help you learn about selling on eBay, some of which are free. It is best to have a good knowledge foundation prior to selling to help get the most for your items.

However, you can start up straight away if you just want to sell a few items to get the feel of it. Then you can begin to implement selling skills. You will experience some ups and downs but this is part and parcel of the learning process, success takes time, so stay with it.

Before you decide on products to sell do a little research to see what is “hot “ and what will most likely be a failure. eBay provides quite a few resources to help you research, giving you information such as how many products have sold and how much for. Researching your market can really cut out wasted time and effort.

To make yourself a more trustworthy seller, you must build a good profile with only feedback which is positive. Once a sale has been completed, both the buyer and seller have an opportunity to leave feedback. Before you start selling, buy a few items and make sure your payment is prompt. This will give you a good feedback base for your business.

Once you have a good idea of what is selling start with unwanted items in the home. Perhaps you have an old stamp collection that you had completely forgot about but can fetch a good price. It doesn’t matter if your items are not new or even in very good condition, just be honest about the state of the item and you will still find an audience if you have done your market research correctly.

Using a digital camera, take a clear picture of the item which you will use to sell it. Make sure the visibility is good so there is no guessing, people want to see what they are going to buy.

The best and safest method of payment is by using Paypal, which is currently the most common choice in conjunction with eBay. This method also allows the sale to take place instantly with the payment going through straight away. There are of course, other methods of payment such as checks. You can choose to enter your item into a bidding situation or an option to “buy now” for a set price.

There is an opportunity for those that have many items for sale to set up your own eBay store. Many are already doing this and creating a sizeable income.

If you are ready to venture into the world of eBay, prepare for a bumpy ride that will provide an exciting new chapter to your life – not to mention extra money in your pocket.