Make Money On Ebay

Steps to having successful and profitable auctions on eBay.

Ebay is known by some as the online garage sale. Items listed for sale range from old clothes to high dollar antiques and automobiles. Many celebrities use eBay auctions to raise money for charitable causes. If you are looking for a bargain, the first place to look is eBay. Some people are so successful with selling on eBay that they have given up their regular job and work full-time buying and reselling items on eBay.

After you have purchased a few items, the next logical step is to begin selling. Everyone has items around their home they no longer need or want. Ebay provides a perfect solution for getting rid of those items, allowing you to recoup some or all of the price you paid originally.

To begin selling on eBay, you will need to register and create a seller account. This requires that you provide full contact information and a credit card. If you are uncomfortable giving away your credit card information, eBay provides an alternative called ID Verify. This process is to assure that you are who you say you are, reducing the chance of identity theft, and that eBay will have a source for claiming listing and final value fees after your auctions have ended.

Ebay does charge fees to list your item. These fees are very reasonable but should be kept in mind as you are pricing your items for sale. A few steps you can do will help make all of your auctions successful and profitable.

1. Determine how much your item is worth. Many times, you can search for similar items on eBay to make that determination. Price your item in the same general range as those that are similar and have sold before. One of the best ways to find this information is to use eBay's search engine and have it look in completed items.

One of the best rules to follow is to determine what the lowest amount of money you are willing to sell the item for and start your opening bid at that price. Avoid reserve auctions, as most buyers prefer to know in advance, what the lowest selling bid will be. Many buyers will not bother with bidding on a reserve auction at all.

2. Think of an attention grabbing title for your item. Ebay only allows up to fifty-five characters, so make sure to use effective keywords that tell exactly what your item is.

3. Select the right category to sell your item. Many people choose the wrong category to list their items and lose out on bids. Buyers generally look for items in the proper category, sometimes having new listings sent to them by email. If you item will fit in more than one category, spend the extra money to have it listed in both.

4. Take great pictures of your item. The more pictures you place in your listing, the more buyers will feel they know about the item. Be sure to tell buyers if more pictures are available and if so, that you will send them on request. If you are listing in an 'item specific' category that fills in the information for you, such as books or DVD's, be sure your item matches the picture furnished.

5. Describe the item to the best of your ability. While photographs are an absolute necessity, they don't always tell the whole picture. Be sure to mention any possible flaws that the camera may not pick up. A good listing always details the good along with the bad. As with pictures, if the item specific details do not match what you have, be sure to mention that also.

6. Charge reasonable shipping for your item. Nothing turns a buyer off faster than outrageous shipping charges. No one minds if you recoup your eBay and/or PayPal fees, but charging excessive shipping for any item will turn away prospective buyers.

7. Offer several payment options such as PayPal, BidBay, money orders and/or personal checks. Many buyers do not have online accounts and money orders may be their only form of payment available. Taking personal checks can be risky, as the check may bounce, but many buyers will not consider the auction without that option. If you do choose to accept personal checks, you should not ship the item until the check has cleared your bank which can take anywhere from three to ten days.

8. Contact your buyer after the auction has ended. While many buyers will pay within minutes of the auction close, especially if you offer PayPal payments, others will wait until they have heard from you verifying the total cost. Communication is important to most buyers, so it doesn't hurt to send a note after the auction and again after payment has been received saying when the item will ship.

9. Ship promptly once the payment has cleared, no matter what method the buyer uses. Most buyers expect to have their item quickly and will leave neutral or negative feedback if they feel the shipping was slow.

10. Always leave feedback after the sale and you have received payment. Feedback is the backbone of the eBay community and the only way prospective buyers know your reputation. Many buyers will not leave feedback until the seller has left feedback for them.

Selling on eBay can be very profitable. Items you thought were not very valuable can sometimes bring much more than they are worth. There are some items you are prohibited from selling on eBay, such as guns, hate material and body parts. For a full listing, be sure to read the material on the eBay website.

If the item you list doesn't sell, eBay does allow you to relist it. Before relisting, be sure to look again at the opening price, which means sometimes lowering the asking price a bit, check the category to make sure you have it listed in the best place possible and relook at your title to make sure every one knows exactly what you are selling.

Making money on eBay can not only be a successful part time adventure, it can also become a full time career.

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