Selling On eBay – How To Get Started and What You Need

In: Business

15 Jun 2009

Many people are starting to see the benefits of selling items on eBay to make extra money. Each seller on eBay might have a different goal. Some people sell on eBay to make a few extra dollars each month. Others have a specific goal to cover a certain household expenses or to pay for a car. Others still are learning how to sell on eBay in order to cover all of their bills and living expenses. While this might sound too good to be true, thousands of people are doing it right now.

Before you start selling on eBay, you need to have some sort of goal. By having a goal, you will have the direction you need in order to make the best use of your time on eBay. Often people set a “goal” of “making extra money.” This isn’t really a goal however, because it isn’t specific enough. How much money are you thinking about making? When you know how much money you want to have you can begin to create a plan to get you there. A good business person always has a plan of action. Without a plan of action you are you are not going to reach your goal.

Besides having a game plan, you will also need some important tools. A computer, a printer, a paypal account, a high quality digital camera, items to sell, an ebay sellers account, a scale for postal fees, and packaging materials. While most of these items are common sense to a lot of people who sell products on ebay, many are unaware of the importance of a scale.

When learning how to sell on eBay you will quickly learn that buyers do not like paying more for shipping then it actually costs to ship an item to them. Also, it is against eBay policy to inflate the shipping costs and pocket the extra money. It is also unfair to you as the seller to undercharge for the shipping expenses and have to pay for a portion of the shipping costs out of your own pocket.

Once your item is completely packaged, you can place it on the postal scale and see what the exact weight is. Knowing the weight will allow you to determine the exact cost to mail the item. Just refer to the post office for the shipping rates. Also, make sure you are taking additional shipping fees into consideration. For example, delivery confirmation, and insurance.

Some people who sell products on ebay will cover that cost out of their pocket for high-ticket items as sort of a “bonus” for the buyer. This is often considered to be good customer service. Whether you pay for the insurance coverage or you have the buyer cover it, you need to have it for high priced items. You can never be too safe.

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