How Much Money Can You Make on eBay?
If you are looking for options on how to make some money online, eBay could be the answer. Many people have been successful with eBay businesses and the opportunity is there for you too. Realistically, how much money can you make on eBay? The answer depends on what you sell and how earnest you are about the process.
How do I know what to sell on eBay?
Certain types of products are restricted, regulated against or are downright illegal or prohibited, and you may not sell them or may only sell them if you comply with special rules. An example of these might be guns, firearms, fireworks and the like. Other items may be sold but may have restrictions placed on how they are shipped, so you need to consider that aspect as well. eBay provides a list of restricted items on their website under Seller Resources. Become conversant with this list before choosing what to sell. If your items are not on that list, they are fair game.
Now, how much money can you get for the items you are trying to sell? That requires you to take a look at similar items for auction on eBay. A market saturated with antique dolls does not need you to sell one more. Besides, you could pay more in fees than you might possibly get for the doll.
There is something else to think about. eBay charges fees for selling your products. The fees are in line with the items you sell but you still have to pay them.
After the auction is done there are the costs for shipping. You add them to your listing so bidders can see what the total cost will be. Some people lower their auction reserve and compensate with higher shipping charges or vice versa.
On eBay you can list your items for auction or sell at a fixed price. Some items that are popular right now will sell better at auction. Others may get a better price or sell faster when sold outright instead of taking the time to set up an auction. Some products sell better in auctions than others.
How to increase your sale price.
One feature of your listing that can increase the bidding price is photographs. People are visual, especially when buying something that you cannot inspect for themselves. Upload pictures from all angles: front, back, above and below and both sides. Include shots with as much detail as possible. The more they can see, the higher they will bid.
Your product description can contribute to the hype around your product. Normally wars are not good things but in this case you want to have bidders fighting for your products – this is how supply and demand works. The key here is the type of language that you use. Tell your potential bidders things along these lines:
You will never find another set of sheets as soft as these. Quality Egyptian cotton bedding at 400 thread count is smooth as silk.
The wording makes each potential customer want to possess the item for themselves. In an effort to get it, they will drive the price up as they try to outbid each other. This is a positive war with you as the winner no matter what.
Use all of the resources available to sellers on eBay to maximize the number of sales you can make. It is up to you to determine how successful you will be. At the end of the day, it is your own drive and energy that will decide how much money you can make by selling on eBay.
Michael Nunn runs a number of online and offline training programs to help online marketers and eBay sellers. As an experienced online trader with many years running and promoting online auctions such as ebay and oher platforms, his expertise and advice is sought-after by thousands of traders around the world. Get involved with his eBay powerseller modular training program Auction Power Profits to take the fast track to becoming an eBay Powerseller.
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