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5 Easy Ways To Make Money On eBay

As the editor of the UK Auctionline Newsletter I receive a great number of e-mails from subscribers. Frequently the question they ask is, “Please tell me an easy way to make money on eBay.” I suppose the answer to this question really revolves around how you define the term easy.

It is my belief that there is no easier way to make money on the Internet than by selling items through eBay. What could be simpler, a straight forward 5 step process.

1. Get something to sell.
2. Photograph it, and write a description.
3. Upload your listing to eBay.
4. Collect your money.
5. Dispatch the item.

What could be simpler than that?

But I suspect what people are really asking is how can I easily get products to sell. From my experience this is what both newcomers and some experienced eBayers find difficult. So in this article I just want to highlight 5 very simple ways that you can get products to sell without even leaving your computer. This I hope that will be easy enough for everyone.

1. What, no photograph?
It is my belief that there is hardly an item listed on eBay or any of the other online auctions that does not benefit from having a photograph or image included in the listing. In fact most items that are listed without a photograph that actually sell tend to fetch 20% less than those with. In some categories the figures are even higher. For instance clothing items offered without a photograph average a 78% lower selling price than those with. So it would seem to be pretty easy to browse eBay looking for these “photo less” items, buying them and then relisting with a photograph. Money for old rope really.

2. Finding the poorly listed item.
There are many reasons why someone’s listing fails to attract any worthwhile bids. Bad title, short or poor description, wrong category, poor spelling and so on. You can find these by browsing around the auction site, but I would suggest an easier method.

Select the categories that you are interested in and look down the search feature for items finishing within the next hour. Here is where you will find the bargains that have failed to attract any bids for the reasons we have mentioned.

3. Unsocial hours
In any book about eBay you will find tips on when is the best time for auctions to finish. The most suggested times for most items are Sunday afternoon and evenings and Wednesday evenings. Some experts suggest that for business related items Monday or Tuesday during office hours are best. If you accept that there are times when you will get increased bids for your items there must also be times when if your auction ends you will not do so well. I would think if you have an auction that finishes between say 5 am and 8 am on a Monday morning you will not have too many people lurking to place last minute bids to push the price up. Again buy and relist with your auction set to finish at a more sociable time and you could easily make a 20% or more profit for very little effort.

4. Buy Collections
One of the easiest ways to make money on eBay is to cash in on other peoples laziness. If someone has say a collection of 10 china dogs, it is a fact that if they put all ten in one listing as a collection they will get less than if they had listed each item separately. But it is amazing how many sellers cannot be bothered to do this. I have in the past bought such a collection and actually made more from one of the items than I had paid for the whole collection.

5. Other online auctions.
Over 95% of all online auction sales are on eBay. They have the largest number of registered buyers and items listed for sale. For this reason items offered for sale on eBay get the best prices. So why not search around some of the smaller online auctions, because in many cases items listed with them will not attract such a good prices as could be achieved on eBay. Then all you have to do is buy from them and relist on eBay.

So there are 5 easy ideas for you to consider. Why not give some or all of them a try.


 

As the editor of the UK Auctionline Newsletter I receive a great number of e-mails from subscribers. Frequently the question they ask is, “Please tell me an easy way to make money on eBay.” I suppose the answer to this question really revolves around how you define the term easy.

It is my belief that there is no easier way to make money on the Internet than by selling items through eBay. What could be simpler, a straight forward 5 step process.

1. Get something to sell.
2. Photograph it, and write a description.
3. Upload your listing to eBay.
4. Collect your money.
5. Dispatch the item.

What could be simpler than that?

But I suspect what people are really asking is how can I easily get products to sell. From my experience this is what both newcomers and some experienced eBayers find difficult. So in this article I just want to highlight 5 very simple ways that you can get products to sell without even leaving your computer. This I hope that will be easy enough for everyone.

1. What, no photograph?
It is my belief that there is hardly an item listed on eBay or any of the other online auctions that does not benefit from having a photograph or image included in the listing. In fact most items that are listed without a photograph that actually sell tend to fetch 20% less than those with. In some categories the figures are even higher. For instance clothing items offered without a photograph average a 78% lower selling price than those with. So it would seem to be pretty easy to browse eBay looking for these “photo less” items, buying them and then relisting with a photograph. Money for old rope really.

2. Finding the poorly listed item.
There are many reasons why someone’s listing fails to attract any worthwhile bids. Bad title, short or poor description, wrong category, poor spelling and so on. You can find these by browsing around the auction site, but I would suggest an easier method.

Select the categories that you are interested in and look down the search feature for items finishing within the next hour. Here is where you will find the bargains that have failed to attract any bids for the reasons we have mentioned.

3. Unsocial hours
In any book about eBay you will find tips on when is the best time for auctions to finish. The most suggested times for most items are Sunday afternoon and evenings and Wednesday evenings. Some experts suggest that for business related items Monday or Tuesday during office hours are best. If you accept that there are times when you will get increased bids for your items there must also be times when if your auction ends you will not do so well. I would think if you have an auction that finishes between say 5 am and 8 am on a Monday morning you will not have too many people lurking to place last minute bids to push the price up. Again buy and relist with your auction set to finish at a more sociable time and you could easily make a 20% or more profit for very little effort.

4. Buy Collections
One of the easiest ways to make money on eBay is to cash in on other peoples laziness. If someone has say a collection of 10 china dogs, it is a fact that if they put all ten in one listing as a collection they will get less than if they had listed each item separately. But it is amazing how many sellers cannot be bothered to do this. I have in the past bought such a collection and actually made more from one of the items than I had paid for the whole collection.

5. Other online auctions.
Over 95% of all online auction sales are on eBay. They have the largest number of registered buyers and items listed for sale. For this reason items offered for sale on eBay get the best prices. So why not search around some of the smaller online auctions, because in many cases items listed with them will not attract such a good prices as could be achieved on eBay. Then all you have to do is buy from them and relist on eBay.

So there are 5 easy ideas for you to consider. Why not give some or all of them a try.


 

4 Things You Never Knew About Ebay Auctions

This article is for every seller who hates the idea of their item selling for a lower price than they intend. Not everyone fully understands the many features on eBay. Here are the four different types of auctions you can use to sell your items.

1) Normal Auctions

These are by far the most popular on eBay. Almost everyone who has sold on eBay recognizes this format. You post an item, set up a bid for it, and wait for the customers to come to you.

2) Reserve Auctions

Reserve auctions are for sellers who do not want their items to sell for less than a certain price. They work just like normal auctions on eBay, except that the buyer will be told if their bid does not meet the reserve price previously set. If no one is willing to meet your price, then the auction is canceled, and you keep the item without any further charge.

3) Fixed Price Auctions

These auctions are only used when you want to sell an item for one fixed price only. You just simply add a Buy it now button to a normal auction. This shows that buyers can choose either to bid normally or to simply pay the asking price and avoid the whole bidding process. Some sellers just cut out the auction process altogether and simply list all their items at fixed price. This lets you avoid all the complications of the auction format and simply list your items for how much you want them to sell for.

Keep in mind that sometimes this will turn many buyers away. They will feel discouraged due to the fact that they cannot bid lower than the fixed price. In many instances the fixed price are much higher than they can afford.

Just recently eBay added a twist to fixed price auctions known as the best offer. This means that buyers can contact you in order to negotiate a price. The only downside to reserve and fixed price auctions is that you pay an extra small fee to use these formats.

4) Dutch Auctions

These are auctions where you can sell more than one of a certain item. Dutch auctions can be done by bidding. Potential buyers bid a price and say how many items they want. Afterwards, everyone pays the lowest price that was bid by one of the winning bidders. These auctions happen to be very rare due to the complications involved.

The more common issue is when a seller has a lot of one item and lists them using a combination of two auction types. These include Dutch and fixed price auction formats combines. You can just say how many of the items you have, and offer them at a fixed price per unit. Buyers can enter how many they want and click buy it now button to get them.

The eBay auction site has been a highly successful website in comparison to others. Just remember to pick the most appropriate auction format for your items.


 

This article is for every seller who hates the idea of their item selling for a lower price than they intend. Not everyone fully understands the many features on eBay. Here are the four different types of auctions you can use to sell your items.

1) Normal Auctions

These are by far the most popular on eBay. Almost everyone who has sold on eBay recognizes this format. You post an item, set up a bid for it, and wait for the customers to come to you.

2) Reserve Auctions

Reserve auctions are for sellers who do not want their items to sell for less than a certain price. They work just like normal auctions on eBay, except that the buyer will be told if their bid does not meet the reserve price previously set. If no one is willing to meet your price, then the auction is canceled, and you keep the item without any further charge.

3) Fixed Price Auctions

These auctions are only used when you want to sell an item for one fixed price only. You just simply add a Buy it now button to a normal auction. This shows that buyers can choose either to bid normally or to simply pay the asking price and avoid the whole bidding process. Some sellers just cut out the auction process altogether and simply list all their items at fixed price. This lets you avoid all the complications of the auction format and simply list your items for how much you want them to sell for.

Keep in mind that sometimes this will turn many buyers away. They will feel discouraged due to the fact that they cannot bid lower than the fixed price. In many instances the fixed price are much higher than they can afford.

Just recently eBay added a twist to fixed price auctions known as the best offer. This means that buyers can contact you in order to negotiate a price. The only downside to reserve and fixed price auctions is that you pay an extra small fee to use these formats.

4) Dutch Auctions

These are auctions where you can sell more than one of a certain item. Dutch auctions can be done by bidding. Potential buyers bid a price and say how many items they want. Afterwards, everyone pays the lowest price that was bid by one of the winning bidders. These auctions happen to be very rare due to the complications involved.

The more common issue is when a seller has a lot of one item and lists them using a combination of two auction types. These include Dutch and fixed price auction formats combines. You can just say how many of the items you have, and offer them at a fixed price per unit. Buyers can enter how many they want and click buy it now button to get them.

The eBay auction site has been a highly successful website in comparison to others. Just remember to pick the most appropriate auction format for your items.


 
 
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