Ebay is one of my favourite places to sell items. These are often things that I don’t use or want anymore. When I first started, I was very nervous as I had heard of some of the horror stories from sellers or buyers on eBay. However, I have now been using eBay for over 3 years so I thought I would share my 5 tips to help you sell on eBay so you can get started too!
When listing an item, what ever it may be, be honest about it. Make sure if something is used, you put used and not new. Show any marks or faults with the item. For example, if you sold an iphone saying ‘Great condition, like new’ but in fact it has got a chip in the screen, the buyer will then receive this and will very likely not be happy. They can open up a case, you will have to refund and pay the postage for them to send it back to you. Also, they could leave a negative review. Overall, it will actually cost you money and feedback is so important on eBay. It is a lot harder to get a sale, if you have negative feedback. Make sure you have disclosed everything.
Also, this covers you as well, if the item gets to the buyer and they say it has damage when you know it didn’t, you have proof of all the photos you took before posting.
Now when selling on eBay they normally charge 10% of the final selling price as a fee. I will be explaining more about this below. However, quite often eBay will do a promotion of £1 selling fees. This means that you can then list and sell your items and as long as they sell in the first listing cycle then the maximum fee you’ll pay is £1. Therefore, if you sell an item for £100, this would normally equal £10 in eBay fees but with this promotion it is £1. When the promotion is running, it can save a lot of money.
Beware of fees
This is one of the downsides to selling on eBay. It is a 10% fee of the final selling price. This is also charged on the postage costs too. These are not the only fees either as any money you get from eBay then goes into your Paypal. Paypal then also charge a fee. This is £0.20 plus 3.4% of the selling price of the item. Make sure you take this into account when pricing your item.
I’ve found items sell a lot better when they have a decent description. You want to make sure that you put detail about it’s condition, the fabric, make, type of item so the buyer has enough information. I know that when I purchase off eBay, I look for a good description as it gives me a lot more information about the item.
When thinking about what to price your item at, search on eBay for similar products already on there. This will help you judge and get an idea of what your item is likely to sell for. Also, decide whether you want to charge postage or have it as free. I always add postage as a charge to cover the cost or that is coming out of the sale price.
If you are looking for other ways to make some actual money, I have a post here – Side Hustles that actually made me money.