How to Make Your First $1000 on eBay
The online shopping industry has grown incredibly fast in recent years. And with the coronavirus hitting the nation hard, people have become more reliant than ever on e-commerce sites such as Amazon and eBay to do most of their shopping.
With the click of a button, you can purchase everything you need without even stepping foot outside your house.
Thus, there is no better time than the present to start selling on eBay. If you are a skeptic like I was when I first joined eBay last summer, I’m here to tell you that you actually can make money selling on eBay.
However, there are some important steps to follow if you want to make any sales. Here they are.
Create a minimum of 10 listings
If you list three or four items, there is a very good chance you aren’t going to sell a single thing. The more items you list, the higher chance you have of making a sale.
Even if you don’t want to pay for a store or additional listings, you can list up to 50 items for free every month.
I started with the free account and eventually upgraded to a store once I started getting a few sales.
So, I suggest using all of your free listings. You have nothing to lose, because you aren’t investing any money in the listings themselves, and you are increasing your chances of making sales.
Start with items from your house
One of the best things about eBay is that you don’t have to go buy a bunch of brand new inventory to list. I started out by listing random items from around my house that I no longer used and wanted to get rid of. Although I took a loss on these items (I sold them for less money than I originally paid for them), they helped me get some of my first few sales.
The first item I ever sold on eBay was a pair of new Levi’s jeans that still had the tag on them.
I had never worn them, and I didn’t plan to, so they were the perfect item to list. Then, I simply waited for them to find their new home. It really was that easy. Best of all, I was able to get my business going without making a huge, risky investment.
Focus on popular items
It doesn’t matter how many items you have in your store if no one wants to buy them. So, while it is important to have a good number of listings, it is just as important to make sure the items you are selling are popular, high-quality items.
Why? Because the more popular the item is that you are selling, the more potential buyers it will attract, and the faster you will make the sale. The same applies to unique or vintage pieces.
If you have rarer items that everyone is on the lookout for, you will have less competition, and you’ll be more likely to make a sale.
I cannot stress this point enough. Do not price your items outrageously high. Know the worth of your items, and price them accordingly. Otherwise, you won’t be able to compete with other users, and buyers will be more likely to choose the less expensive option.
No one would pay $100 for something that they could just as easily get for $50.
So, research the item, figure out what it’s worth, and then list it at a reasonable price.
Alternatively, if you aren’t sure what an item is worth, you can list it auction-style. Just be aware that if you don’t put a reserve, your item could potentially sell for the starting bid price if only one person bids on it.
I have used this method to make sales, and I have come to like auction-style listings just as much as the fixed price ones.
Take good photos
Remember that your customers can’t physically see the items you are selling. Therefore, you need to take high-quality photos so that the buyer is not only attracted to your listing but also feels confident in what they are buying.
The worst thing you can do is provide poor photos and a bad description that lead to an unhappy customer. The buyer should know exactly what they are getting when they place their order.
I almost always use all 12 photo slots available for each listing, and I make sure that the photos are clear and well lit.
This alone will immensely increase your chances of making sales.
While competitive e-commerce sites like eBay may seem overwhelming at first, they are actually pretty easy to navigate once you get the hang of them. The best way to get started is by jumping in and learning as you go.
I am grateful to be able to get rid of items I no longer need and recoup some of the money I spent on them.
So, if you’re debating whether or not to sell on eBay, just make an account, create some solid listings, and see what happens. You never know where it may lead you.