Any time a mom tells me they want to make a little extra money each month, I always point them in the direction of eBay. EBay is one of the easiest and quickest way to make money, without any experience needed. Here are my top tips to get started making money this weekend.
Start By Selling Stuff You Own
Before you dive into opening an eBay stores and building up inventory, just sell stuff around the house. This will help you to declutter your house and will break you into the ways of eBay without investing any money. Simply download the eBay app on your phone and sign up for an account if you don’t already have one. If you have an account already from purchases, use that one. Buyers prefer to buy from established accounts that have some feedback, rather than zero feedback.
Some of the easiest things to sell our name brand clothing. Look through your closet for gently used name brand clothing items you don’t wear anymore. I also have great success selling name brand children’s clothing. Some other ideas include:
- Small, valuable kid toys (think Calico Critters, Disney princess figurines, Thomas the Train trains, etc).
- Popular books (I read the new Harry Potter book/play in two days and listed it on eBay right after)
- Unused tech or phones (Don’t let your old iPhones and iPods sit around gathering dust)
Set Your Prices Right
I think the number one reason why people don’t have success on eBay is because they have unrealistic ideas of what the prices should be. I have had so many people ask me to sell their vintage doll collection or plate collection. They said it should be worth a lot of money because they paid good money for it decades ago. The problem is that if no one wants to buy your items at a high price, then they are not going to sell for a high price.
For example, if you spent $500 on a doll collection in the 1980s but no one collects those dolls anymore, then essentially those dolls are not worth $500. It’s a hard pill for many to swallow, but an important one if you plan to make money off your stuff.
To find out how much your items are selling for, click the “Advanced” link next to the eBay search bar or go here. Type in your item. Be more specific to find the exact selling price of the item you have, and make sure you check “Sold Items” before clicking “Search.” This will pull up all of the items that sold on eBay in the last 30 days. This is what I base my prices off of to make sure my items sell.
Make Money on eBay with the Right Listings
I usually look up the item I am selling and then pick the sold listing that looks the best and click, “Sell on Like This.” This will automatically allow me to create a new listing with the title, item details, and category. I will then change the title to fit my item’s description, upload my pictures, and update the description box.
Auction or buy it now? That is the million-dollar question. Many selling experts have raved about starting their listings at $0.99. That is just not my style. I usually set a buy it now price and leave on the option for offers. If I don’t do this, I will start the auction price at the lowest price I will take and then set my buy it now price as a “would be nice” price.
Don’t forget to set the shipping prices accurately to allow yourself enough funds to ship the item. I try to stick to items that are less than a pound. If an item weighs less than 15 ounces, it is usually $2.50-3.50 to ship it first class through eBay.
Are you excited to get started selling on eBay? Just walk around your house with a box and declutter each room and closet. Then sit down with your box and sort into items you want to donate and items you want to list on eBay. It never hurts to list something!