The following is a guest post.
Many people talk about making money on eBay, but others remain skeptical about how useful this marketplace-style site really is. The truth is, you really can make money on eBay, but only if you know how. Here’s a few top tips for how to use this site to generate a profit…
First, think about what you have to sell, and how much is might be worth. Don’t worry if you don’t have any antiques or collectables – even old clothes can be sold on eBay, as long as they are still in a good condition. The great thing about eBay is that it is surprisingly simple to use. You don’t have to have had experience in trading commodities at sites like BullionVault’s gold price chart to be able to buy and sell goods on eBay, and you’ll find a step by step guide on how to list each item. If you are selling clothes, as many people do, then look out for anything which has a designer’s name attached, as these tend to be the best sellers.
You should also think about how much you list each item for. Of course, the higher you set the starting bid for, higher the price which you are guaranteed, as long as your item sells. However, if the high starting price puts people off and no one bids, then you stand to loose out on the insertion fee – which is also based on the starting price. However it can be more beneficial to choose a low staring price, which may even mean that your listing is entirely free!
If you want to make sure that you are making money by using eBay, then it can be advisable to avoid browsing the items for sale. Although buying products from eBay can be less expensive than buying them new in stores, you may find that you end up purchasing items which you don’t really need. If you want to make sure that you generate a profit, then it might be wise to simply stick to selling.