Ready to start selling on eBay?

By now you probably know more than one person who swears they make a ton of money selling on eBay.  Have you considered looking into it, but feel overwhelmed? Surely there must be more to it than just listing something and watching the dollars roll in.  How, exactly, do I start? If this is brand new to you, be sure to start slowly, and most importantly – learn the rules before jumping in the deep end to make sure you stay within the law (state, federal AND eBay).  eBay doesn’t subscribe to the  “I didn’t know better” philosophy as an excuse when their rules are violated.

What are you planning to sell?  

Junk around your house will only take you so far, but is a great way to start and see which items sell better than others. (Also a great way to de-clutter your house!)

Start going through your home room-by-room and looking up items on existing eBay listings. You might be very surprised at the items that sell.  Some examples of items that have value on eBay but don’t seem like they would sell for much include:

  • kitchen items, dishwear, pots and pans, lids, etc.
  • empty glass bottles 
  • craft supplies 
  • jewelry and watches (even broken – people buy them for parts)
  • Anything new in a package, including toiletries, socks, etc.
  • Empty printer cartridges
  • School supplies
  • Clothing items

As a new buyer or seller, start with low ticket, smaller items.  You’re less likely to be scammed, and the learning curve for shipping is less expensive.  Avoid buying or selling high ticket items that could be easy to counterfeit – designer clothing, bags, autographed memorabilia and electronics.  Selling any counterfeit item can get you banned immediately. 

Take clear photos of each item prior to listing, using a plain white background. Make sure NOT to use other peoples photos or stock photos without written permission from the owners.  You may be banned if you violate copyright infringement laws.

Pricing for profit

Research before pricing.  eBay has its own obscure rules, and  things sell for what people are willing to pay vs. pricing something what you “think” it’s worth based on what you paid for it.  Research what eBay buyers have already paid for items similar to yours, then price items to sell, keeping in mind your time and shipping costs (and how badly you want to get rid of it!)

Start with a fixed price while you get the hang of things. Once you have established yourself in the marketplace, you might want to consider trying the Auction method.  It is riskier, but might be a quicker turn – this is why really knowing your market is so very important.

Decide up front if shipping is included: free shipping is a sales hook for some and not for others. Regardless, the cost of shipping is either included in the price or in addition to the sales price. Weigh each item and calculate those costs prior to listing.

Make your return policy fair and easy – because no doubt it will be tested. eBay wants buyers to feel confident purchasing on the site, so they guarantee that if an item isn’t as described or doesn’t arrive, the buyer will get a refund.  If you don’t subscribe to this theory, people won’t return to your site. Require that items be returned unused in the same packaging, and you can resell it!

Understand your Limits

eBay places selling limits on all new sellers, until you can establish a positive selling history, and limit your fraud exposure.  You can request higher selling limits once you have proven yourself.

Feedback Scores are a real thing

Your trading experience both as a buyer and seller determines your “score”. The higher your score, the more trusted and authentic you appear. It’s critical as you establish a positive history so that your feedback score is as high as possible in order to increase your sales.  A good way to do this in the beginning is by making multiple small purchase transactions – then rate your seller and ask for their feedback as well.

Making money on eBay  is a long term commitment, not a get rich quick scheme.  Building a name and reputation within the eBay community takes time.  But the most important aspect is learning the rules, and following them.  Ethics is priority #1.

There is SO MUCH MORE to the process, this is just a quick overview.  But history and a quick glance at the site tells us that eBay is alive and well – just figure out what works best for you!

Need some extra cash? Here’s some ideas…

Bulletin board extra cash

No matter where you are in life; a teenager, newlywed, new parent or set in a career, sometimes you just need some extra cash.  There are many ways to make a few bucks on the side, most of which you can do from home or on your own schedule, that take no specialized training.

Before we get too deep into what legitimate jobs you can try, know this: when searching the internet for your side gig, watch out for scams.  Anything that requires you to pay money up front should be suspect.

The past few years have absolutely exploded with people working in home based, remote, and time flexible side jobs.  Bloggers, Social Media Managers and Web Designers are 3 of the most popular.  But there are other ways that get much less press that we want to share here.

Virtual Assistants:

This year’s hot job is a Virtual Assistant.  This job is a great way to put your administrative and organizational skills to work for bloggers, Entrepreneurs, and other businesses in a virtual atmosphere.  All it takes is a computer, an internet connection and a drive to succeed. Duties could include follow up phone calls, emails, bookkeeping, customer service, websites, and social media. 

A VA can often find work at  job boards like Upwork or Fiverr.

Proofreader:

If you have a computer, an internet connection, a good command of the English language, and an eye for detail, you can work as a Proofreader. Proofreaders are hired to search through documents, books, and blog posts for errors. 

Proofreaders that can  specialize in certain areas – such as proofreading transcripts for court reporters. 

Transcriptionist:

Businesses and bloggers using podcasts and video to reach their audiences often need a transcriptionist to turn their work into written content for marketing or training materials.

Medical, Legal and Governmental transcriptionists are more qualified, requiring additional specialized training.

Transcribe Anywhere is a great course for aspiring transcription professionals.

These jobs can be done freelance with a computer and internet connection.

Online Tutor:

With the right set of skills, becoming an online tutor can be a great way to make some extra cash. Online tutors are needed for many different subjects. Make sure to do your research for reputable companies when applying for online tutoring jobs.  For general tutoring jobs, try sites like Tutor.com and Varsity Tutors . Online tutoring jobs may require a degree or professional certificate. However, some jobs only require some sort of prior tutoring or coaching experience.

Selling Online:

Selling items on eBay,  Shopify or other online storefronts is a great way to make some cash quickly, if you are willing to spend some time scavenging for treasure.

Buy designer clothes, coins, collectibles and other unique items at thrift stores and yard sales, and resell them online

Sell Your Photos:

A free app called Foap is a platform to turn your photos into cash just by downloading the app and creating an account.

Then, upload your photos to the app’s marketplace.

Users that like your photo may buy the license to it for $10. You make $5 For each sale.

Taking Online Surveys:

Surveys can be a decent way to make small amount of extra pocket change without much effort.

Companies like Survey Junkie, Vindale Research and EarningStation pay in cash or gift cards.

Watching Movies:

InboxDollars will pay you to watch movie previews, celebrity videos and the latest news. Playlists may run from just a few minutes to an hour, and you must watch the entire list to get paid. The availability is subject to change, but it’s possible to earn up to a couple hundred dollars a month.

Food Delivery Driver:

Try delivering groceries, takeout and even retail purchases with Postmates. You’ll take home 100% of your earnings when you make a delivery –  no service, booking, or transaction fees like other apps.

Doordash.
As a “Dasher,” you can work as much or little as you want, earning a $6 fee for each delivery, plus 100% of your tips. All you need is an insured vehicle, bicycle and a smartphone.

As you can see, there are many great ways to make side cash, from just a few bucks to potentially creating a Side Hustle that replaces you primary income.  Use your imagination, there are many more ways not listed here.  Share with us your awesome ideas!

Residual Income – Why you Should Earn it

In this post, you’ll learn why earning residual income could be the best financial security you can get for you and your family.

But before we get into the nitty-gritty, I have a very important question for you…

If something bad happens to you and as a result, you can no longer work, would you be financially buoyant enough to take care of yourself and your family?

If your answer is no, then you really need to take a good look at your financial situation and make the necessary changes.

If you’re serious about securing your financial future, then I implore you to get hold of a notebook and a pen and take notes as what you’re going to learn here is very important.

What is Residual Income & Why is it So Important?

Active income is income that is earned as a direct result of your efforts.

It occurs when you work for a certain period of time and get paid a certain amount of money for the time you worked. This can be in the form of salaries, wages and self-employed service providers like doctors and lawyers.

The difference between active and residual income is that in the latter, your income isn’t limited to the hours you put in and different streams of income allow you to be more financially secure.

If you have a job that you enjoy and love, that’s cool but you really need to think about what protection you have in place to save yourself if for whatever reason you can no longer work.

Earning via a Single Stream of Income is Very Risky

Making a living on a single stream of income is as unwise as travelling interstate in your car without a spare tyre. You don’t need anyone to tell you that that’s unnecessarily very risky.

One excuse a lot of people give for not creating more than one stream of income is the risk involved. But the truth is the biggest risk you can take is not to take risks at all.

Take some time to think about it; If for some reason you can longer work and your job is your only source of income, how will you take care of yourself and your family?

That’s a very risky situation to be in and you owe yourself and your family a responsibility to not put them in that kind of position.

Will Residual Income Alone Suffice?

The story of the author Hal Elfrod is useful here. During a difficult time in his life when he was battling aggressive cancer, he couldn’t work or take care of himself. However, he was so grateful because when he was younger, he discovered network marketing and learned how to create multiple streams of income.

If not for the fact that he had more than one stream of income, he would not have been able to take care of himself, let alone his family and the situation would have been a lot worse than it already was.

 

Whatever You’re Thinking – Think Bigger

A lot of people have small minds. People are generally more concerned about today alone and usually, don’t take the time to plan for their future.

If you’re living paycheck to paycheck and you’re mentally and physically capable, imagine if something goes wrong and you’re suddenly unable to work.

Concentrate Your Energy In the Right Areas of Your Life

If you currently have a job you need to keep to make ends meet even though you’d rather be someplace else, then admittedly, your situation is a bit more challenging but trust me when I say it can be done.

Here’s the thing; you don’t need to put in too much into building your business to see positive results. All you need is to put an hour or two daily and over time, you’ll reap the fruits of your labor.

Once you can practice and master this, you’ll be happier and less stressed because you’re doing something you don’t only love but rewards you more.

You Are Fully Responsible for Your Financial Future

The most important thing to learn here is that no one but you is responsible for your financial future – not the economy and definitely not your employer; you are completely responsible for how your financial future will look like.

Below are some great resources that will help you even more

How to Deal with the ‘Until Syndrome’ – Download

Why People Fail in Network Marketing – Download

Getting your Customers to Market your Brand – Download

How to Get your Prospects Interested in your Product or Business – Download

Network Marketing Tips that will Guarantee your Success – Download

Did you get value from this training?

I really hope you did because I put in a lot of work weekly to ensure that you get great network marketing strategies that will positively impact your business and ultimately, your life.

Feel like sharing? Use the social media buttons below so that others can benefit from these training as well

How to Deal with the ‘Until Syndrome’

In this post, I’ll show you how to handle a sales objection that most, if not all of us face at one point or the other in our business lives and that’s the ‘Until Syndrome.’

The most worrisome problem is that most people have it without knowing.

The question is what are the symptoms and how will you know if you have the ‘Until Syndrome?’

Here’s the most obvious symptom:

You know you have a problem in your life. The solution comes knocking, but instead of opening the door — you peek at the solution and decide that you’re going to wait until you…

  • have the time
  • have the money
  • have more leads
  • have the energy
  • become successful

I’m quite sure the above scenarios sound familiar. It’s either you’ve done it yourself or a prospect has said those things when you’re prospecting them.

Now without further ado let’s sink our teeth in it;

What got you to where you are now won’t get you to where you want to be

When an opportunity to move forward comes knocking, what is the fundamental cause of your decision to either act on it or ignore it?

It’s very likely that the thought process you’ve adopted is what’s responsible for the unwanted situation you find yourself in right now and also what’s preventing you from getting yourself out of that situation.

You shouldn’t wait for your situation to change before you take action.

Take the necessary action now and change your situation. Stop being a victim of the ‘Until Syndrome.’

For things to change you have to change

I’m going to be really blunt with you here and give you some tough love as well 😉

If you think that you can’t make a $500 investment on a life changing opportunity until you get paid, you need to change that way of thinking ASAP!

It may sound cliche but there’s no disputing the fact that time waits for no one.

A day becomes a week, a week becomes a month and a month becomes a year whether or not you like. It won’t wait for you to get paid.

And so each day you’re presented with an opportunity, you have two choices: Take action and give yourself an opportunity to succeed or continue to be a victim of the until syndrome and guarantee yourself failure.

So are you going to wait until ‘one day’ or are you going to take action TODAY?

The choice is yours.

The only time you have to make a change is now

 I’ve worked with a lot of people in my business and if there’s one thing that I believe holds people back it’s confidence.
A lot of people don’t have the confidence to understand that if they can decide to take that bold step they’ll very likely become very successful in their business.

Conclusion

Here’s one question I want to ask you; what’s going to change if you don’t do things differently from the way you’re doing them now? The answer is probably ‘nothing’ right?

Life wait’s for no one guys.

The best time to plant a tree was 20 years ago. The second best time is now.

Albert Einstein once said insanity is doing the same over and over again and expecting different results so if you’ve been spinning your wheels yearly, RIGHT NOW is the time to change all that. Not later, not tomorrow, not next week, not until you get your pay cheque. But RIGHT NOW! 

Now is the best time to rid yourself of the ‘Until Syndrome.’ Make sure you make it happen!

Below are some great resources that will help you even more

Getting your Customers to Market your Brand – Download

How to Get your Prospects Interested about your Product or Business – Download

Network Marketing Tips that will Guarantee your Success – Download

 Question of the week:

What’s that big decision that you’ve made in your business that resulted in a very good outcome? Please share it in the comments below. I’d love to be a part of your successes!

Did you get value from this training?

I really hope you did because I put in a lot of work weekly to ensure that you get great network marketing strategies that will positively impact your business and ultimately, your life.

Feel like sharing? Use the social media buttons below so that others can benefit from these training as well

Why People Fail in Network Marketing

In this post, I’ll show some reasons people fail in network marketing and what you can do to avoid such a fate in your business.

I’m sure you’ve at some point wondered if networking marketing is as viable as people make it seem and whether or not it’ll work for you. Or maybe it’s not you; it could be a friend, family member or prospect that has asked you this question.

Whatever the case, I’m going to offer some insights and take an in-depth look into some of the reasons why people fail in network marketing and the steps you can take to avoid such failures in your business.

This post will show you the most important things to do when you begin taking those baby steps in your business and ensure that you get the best bang for your bucks.

Network marketing is an awesome business that has transformed the lives of many in amazing ways

However, it’s not immune from criticism from those who due to mistakes and/or ignorance on their part have experienced failure and instead of looking at how their actions or inactions led to their failure, have resorted to blaming the industry.

So before we look into today’s training, it is important to note that like most things in life, network marketing is an industry that requires work in order for it to work for you.

Now let’s begin and look at some reasons why people fail in network marketing:

False Expectations

The expectations people have are sometimes falsely represented when people initially begin their network marketing journey.

If in a bid to win over a prospect, you exaggerate the benefits that they stand to gain by joining your business, such people may feel that they have failed if/when they don’t meet up with the expectations that they have been given.

On the flip side, if you tell someone exactly how things work and give them a realistic and honest idea of how much they stand to gain, the chances of them not meeting their expectations will be slim or even non-existent.

Unbelief

If you don’t believe in yourself, if you don’t believe that you can make it big in anything, not just network marketing, then it’s never going to happen. How are you going to get prospects to believe in you or in what you’re selling to them if you don’t believe it yourself first?

This is why it is crucial that you absolutely believe in what you’re doing in order to make sales and build your team.

And it’s not just enough to have belief but your belief and confidence in yourself must be over and above the disbelief of others. You must have an overwhelming amount of confidence in yourself even if the people around you do not.

Lack of Ambition and Dedication

With every great achievement in life comes an even greater level of work expended in order to reap rewards. Ask anyone who has made it big and they’ll tell you that a lot of work will be required in the beginning stages of your business before you taste the fruits of your consistent labor.

You can’t have a million dollar dream with a minimum wage work ethic

So it’s important that your passion, drive and work ethic match whatever dreams you have for your business.

Lack of Adequate Training

There are a  plethora of network marketing companies out there and while some have very good training programs, unfortunately, some don’t.

If you feel your company isn’t training you well enough, then you need to look for network marketing gurus that you can learn from

And don’t think that because you’ve done well in brick and mortar businesses, you’ve got nothing else to learn to be successful in network marketing. Network marketing is a whole different ball game from most traditional business out there so you definitely need very good training.

Conclusion

Network marketing isn’t rocket science and if you apply the steps above, you’ll definitely find yourself on the path to cracking the network marketing code and get it to really work for you.

Below are some great resources that will help you even more

Getting your Customers to Market your Brand – Download

How to Get your Prospects Interested about your Product or Business – Download

Network Marketing Tips that will Guarantee your Success – Download

Question of the week: What do you think about why people fail in network marketing?

I’d love to read your thoughts in the comment section below!

Did you get value from this training?

I really hope you did because I put in a lot of work weekly to ensure that you get great network marketing strategies that will positively impact your business and ultimately, your life.

Feel like sharing? Use the social media buttons below so that others can benefit from these training as well

Social Media Marketing: Building a Strong Connection with Subscribers

It is no longer news that social media marketing is the most effective form of digital marketing right now. We see brands take advantage of this ‘Goldmine’ every day, some more than others.

Consumers are overwhelmed with an enormous amount of information every day and this initiates a filtration process where consumers attempt to make things less complicated by sticking to a few trusted or ‘preferred’ brands for content (just as we have few friends in real life).

In establishing your brand on social media, you’ll need to create a strong connection with your subscribers. The aim is to be the ‘go-to guy’ they call when they need ‘assistance’; it’s called branding.

Follow these guidelines to make your brand an authority in your niche by connecting with subscribers on a deep level.

Make them a part of the process

The primary objective of social media marketing is to keep your subscribers actively engaged. What better way to achieve this than making them a part of the content generation process. This way, you reduce your workload by ‘outsourcing’ some part of your content generation and more importantly, you give your fans a sense of purpose and partnership.

Also, by making customers a part of the process, you’ll be forced to listen to them. This will let you know how they think and what their needs are.

Come off as Professional   

As much as you want to connect with subscribers, you must remember that you are a brand first so you must first earn their trust by posting genuine and unique content (Something they can’t get elsewhere). When people perceive your brand as the ‘real deal’ your social value increases in their eyes and they want to associate with you.

Being professional begins with: your profile description, the quality of your images, and the quality of content you post. Everyone wants to identify with something mind-blowing, so, you must make your brand mind-blowing if you want to connect with people.

Be genuine in your interests

The need to connect with your fans must be genuine or else they’ll spot you from a mile away and any chance of earning their trust is lost.

You want to put a face on that brand because no one likes to deal with a robot, they’re boring. So ensure that you can relate with your subscribers on a personal level. Use terms they are familiar with and don’t just tell them about your products, show them! That’s why videos are so awesome ass people can see what you’re talking about.

Reward your customers

Nothing wins a friend faster than a gift. It’s basic psychology. A simple gift will go a long way in keeping your customers loyal. It doesn’t even have to be monetary, sometimes acknowledgement is all you need to make someone feel special, appreciated and committed to your brand.

Conclusion

It’s not rocket science to connect with customers. In social media marketing, being social will take you a long way with your subscribers. The sooner you realize that the people interacting with your brand have human needs like a sense of connection and purpose, the more effective your social media marketing will be.

Selling on eBay: The Perfect Side Hustle

Selling on eBay is the perfect side hustle.  I think so anyway.  It’s something anyone can do.  You can do it part-time and it doesn’t require much start-up capital.  There is a short learning curve and it’s quite perhaps the fastest way to make money online that I know of.

What I want to do in the paragraphs below is give you some tips to selling on eBay, so you can start right.  This is based upon my 14+ years of selling on eBay.

Selling on eBay: 7 Simple Steps to Get Started

Step # 1: Educate Yourself

The first step to selling on eBay is simply to educate yourself.  You’re not trying to earn a PhD on day one.  You don’t want information overload either.  Instead, I suggest you make it a point to watch five to ten YouTube videos, or simply spend a few hours on YouTube watching videos about the basics of selling on eBay.  This will answer most of your initial questions and teach you the ropes.  Of course, you’ll learn even more by actually applying what you learn. Once again, you’re just trying to get the basics.  Don’t make the mistake of trying to know every little detail or having analysis by paralysis.

Step # 2: Set Up Your Accounts

The next step to selling on eBay is to set up your eBay and PayPal accounts, assuming you don’t already have them.  Just go to eBay.com and register your account.  The sign-up process is very simple.  In addition, go to PayPal.com and create your account there as well.  PayPal is how you will get paid.  If you need help doing this, there are plenty of tutorials on YouTube providing step-by-step instructions.

Step # 3: Get Your Office Equipment

At a minimum, you will want to have a digital scale, a printer, a computer, and a digital camera.  You may also want to invest in some packing supplies, such as packing tape and boxes.  You can get lots of boxes for free from your local Post Office.  They have Flat Rate Priority Mail boxes, which are great for heavier or bulky items.  You can get bubble envelopes, additional boxes, and packing tape right on eBay.  That is what I do.  I also suggest you set up a designated spot in your home to run your little eBay business.

Step # 4: Pick 20 Items from Your Home

The next step is to walk through your house or apartment and find 20 unwanted items.  Look for things you haven’t used in a long time that you aren’t attached to.  Just go through each room and consolidate everything you don’t want into one box.  These first 20 items will give you some experience at taking photos and listing items.  You’re bound to make a few mistakes in the beginning, so it’s best to start with inexpensive items, so if you do make a mistake it’s not a big deal.  By the time you’ve listed and sold 20 items, you should have a great understanding about how eBay works.

Step # 5: Pick a Niche

Once you’ve gone through your first 20 items, the best thing to do is pick a niche you want to focus on.  Ideally, it’s much better to specialize and sell one type of item. On the other hand, you can also be a generalist and sell a little bit of everything, like I do.  If I had to start over on eBay again, I would specialize in one or two things, such as clothing, electronics, watches, belt buckles or jewelry. If you don’t know what to specialize in, consider making a list of potential types of products that interest you and are in demand.  Spend some time viewing the completed listings and look for trends.  Ideally, you want to find a product you can make a fixed percentage on, or at least $10 to $20 profit per item, after all of your selling expenses.

Step # 6: Source Inventory

The next step is to source your inventory.  Depending on your niche, you will have different places to source your inventory.  Rachel and I simply visit local thrift stores, flea markets, auctions and yard sales to find inventory.  On the other hand, if you intend on selling new merchandise, you’ll probably want to find a wholesaler or drop shipper, so you can buy in bulk and get discounts.  If you decide to buy in bulk, start really small and slowly scale your way up.  Finally, be sure to check out the “wholesale lots” on eBay.  Lots of people source their inventory right on eBay and then resell it on eBay.

Step # 7: Start Selling

At this point, you are ready to start selling.  Depending on how much time you’re willing to invest, and how much money you want to make, will determine what you do with your business.  I suggest you determine how much profit you realistically want to make each month and then calculate how many items you will need to sell (on average) to reach that goal.  Once you know that number, add another 25 percent to it to help offset returns and fees.  In addition, remember that you aren’t locked into your chosen niche forever.  You can change it at any time or even add in other niches when you find a good deal.

Final Thoughts

There you have it folks.  These are some of my best tips for selling on eBay.  The real key to success is just to get started.  Realize ahead of time you will make some mistakes along the way.  Simply learn from each mistake, make the necessary adjustments as needed, and keep pressing on, and there is no doubt in my mind you can build a great little part-time income in no time.  It took me a year or two to really master eBay.  Even if it takes you that long, it’s still a great deal.

About the Author

Chuck Holmes has been selling on eBay for approximately 14 years.  He is a Power Seller and he normally sells about 300 to 500 items per month.  He specializes in belt buckles, used clothing, jewelry, and paper items.  You can visit his eBay store here.  Chuck is also a successful author and blogger.