5 Easy Ways To Make Money On eBay

 

5 Easy Ways To Make Money On eBay

Every day, I get a large number of e-mails from subscribers to the UK Auction line Newsletter that I moderate. The most often asked question is, Please teach me a simple technique to earn money on eBay.î If you ask me, I think the answer to this issue is highly dependent on how you interpret the word "easy."

Selling products on eBay, in my opinion, is the simplest method to earn money on the internet. I have sold stuff on eBay for more than a decade. What could be more straightforward than a straightforward 5-step procedure?

Prepare something to sell in the first place.

2. Take a photo of it and write a description of it.

3. Submit your listing to eBay for review.

4. Collect your money from the bank.

5. Ship the item out of the building.

What could be more straightforward than that?

However, I believe that the actual question is: how can I get items to sell quickly and efficiently? According to my observations, this is something that both novices and some veteran eBayers find challenging. So, with this piece, I'd want to highlight 5 really easy methods for obtaining things to sell without ever having to leave your desk or computer. This, I think, will be simple enough for everyone to understand.

1. What, there's no picture?

In my opinion, there isn't a single item sold on eBay or any of the other online auction sites that wouldn't benefit from having a picture or image included in the description. In fact, most products that are advertised without an image and ultimately sell tend to sell for 20 percent less than those that are offered with a photograph. Some categories have considerably greater percentages than others. For example, apparel products supplied without an image often sell for 78 percent less than those given with one. Consequently, it would seem to be rather simple to surf eBay in search of these picture less goods, purchase them, and then relist them with a photograph. Really, it's just money for old rope.

2. Locating the item that was incorrectly listed.

There are a variety of reasons why a listing fails to generate any meaningful bids from potential buyers. Bad title, brief or inadequate description, incorrect category, incorrect spelling, and so on. You may locate them by searching through the auction site, but I would recommend a more straightforward approach.

Choose the categories that you are interested in and scroll down the search tool to see products that will be completed within the next hour. For the reasons we have explained, here is where you will locate the deals that have failed to draw any interest from bidders.

3. Unsociable working hours

In every book on eBay, you will discover advice on when the optimal time is for auctions to close off successfully. Sunday afternoons and evenings, as well as Wednesday nights, are the most recommended periods for the majority of things. Experts have said that for business-related matters, Monday or Tuesday during office hours are the ideal days to deal with them. If you agree that there will be periods when your products will get greater bids, you must also understand that there will be occasions when your items will not perform as well if your auction finishes. You'd think that if you have an auction that ends between 5 and 8 a.m. on a Monday morning, there won't be too many individuals waiting to submit last-minute bids in order to drive the price up. Buying and relisting again with your auction timed to end at a more convivial time can allow you to quickly earn a 20 percent or more profit with no effort.

4. Purchase Collections

One of the quickest and most straightforward methods to earn money on eBay is to take advantage of other people's laziness. If someone owns, for example, a collection of ten ceramic dogs, it is a proven truth that if they sell all ten together as a collection, they will get less money than if they sold each item individually. However, it is remarkable how many merchants are unwilling or unable to do so. In the past, I've purchased a collection like this and ended up making more money from one of the things than I had spent for the collection in its whole.

5. Other online auctions that may be of interest.

eBay accounts for more than 95 percent of all online auction sales. They have the greatest number of registered customers as well as the greatest quantity of products placed for sale. As a result, products placed for sale on eBay get the highest possible pricing. So why not look about at some of the smaller online auction houses, since in many instances, the things listed with them will not fetch as high a price as those found on auction websites such as eBay. Everything after that is as simple as purchasing from them and relisting them on eBay.

So there are five simple suggestions for you to think about. Why not give some of them a go, or maybe all of them?