Monday, November 29, 2010

How to supplement your income with Ebay


Ebay.com the worlds most famous online auction website has benefited a great number of people. Many people have found "treasures" for mere dollars on Ebay and saved money, and tons of them have sold many items and earned extra cash. Ebay can help supplement your income and allow you to earn a little bit of extra cash or it can grow into a full time job or a private business.Out of the many ways you can go about earning extra cash below are few examples.
If you are going to go into this you should be comfortable providing your personal and banking information to Ebay. So create an Ebay account, as well as a Paypal account and fill out all of the needed information and do all of the verifications and checks so you are ready to go.
Both Ebay sellers and buyers get reviews, comments and rating scores, often times if you are a new seller people might feel worried to buy from you because they don't know if you are honest, if you will keep up your end of the deal. To help offset that you should create a good profile, provide the sellers with information about you and your products, give them certain rules and an ability to contact you without much hassle. If you have a returns policy, or any guarantees post them there clearly, anything about shipping as well. People will react more positively to a seller that seems serious and with ample information than to a blank profile with no reviews.
Once you are done setting up your accounts you should set a budget. Yes, you DO need to spend money to make money. Ebay charges small fees to sell your items. While this is no big deal if you are starting out with just a few items, if you are doing large quantities you might want to keep it all in check. Maybe account for the fee in the price of your item.
Now would be a time to figure out what to sell. If you look through Ebay you can find anything from a rock to high tech gadgets, and the weirdest thing sell. It is suggested that you go through your house and see what you don't need, think of it as prepping for a garage sale. There might be some tools in the garage, like that nail gun from last summers roof project, which you have bought but honestly wont use again. Sell them, it will help someone out, get you some cash and free up your space. If you are into arts and crafts of any kind chances are you can either make pieces or already have them lying around, these would be great items to sell on Ebay to supplement your income.
When listing the item you will have various options. You should think about your auction price, which starts small, and your "Buy now" price which should be your ideal price. You should have quality pictures that will show off the item adequately as well as a good description, and once again any rules of sale.
Once your items are up for sale you shouldn't just leave it up to Ebay and the Gods of Chance, you should promote your items online as well as off, it will pay off for you big time in the long run.

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