Today, tips on how i’ve earned $3,000 over the last two months from selling things on eBay. Plus, i surveyed readers who make more than $1,000/month using eBay (including one who earned $50,000 over the last year), and I spoke to a senior executive at eBay to get insider tips.
one reader gave us a good tip for timing your listing: use the 10 day listing starting on a thursday, that gives you two full weekends of eyeballs. Weekends typically have the highest traffic.
this same seller told us even more about reserve pricing: “99.999% of the time i never use a reserve price. My goal is to make as much money as i can, so I reduce the amount of upfront money I have to pay. I also do this by using a low starting price of $0.99. This keeps me competitive with everyone. I would rather get little for it than have it sit on my shelf and have it COSTING me money.”
i purchased the ebay magic program which is a how to program to setting up a home business on ebay sold on mass by Matt and Amanda Clarkson, I got their VERY EXPENSIVE program expecting something amazing, and boy what rubbish… common sense would have served me. and went through it and I feel like i just throw my money down the toilet. very, very dissapointed.
what pisses me off is that their marketing is really pushy and they really push you to buy, only the product is not up to it when you consider what you pay. disgusted!
i asked Matt about the seminar which he proposed, not the one yhe did in Novemeber so unless its dramatically changed he said it was one of the best seminars he had ever attended.
I didn’t want to make the mistake of setting an arbitrary price based on emotions, or not knowing what the hot keywords are for describing these shoes.
Here’s how I researched:
1. Searched for the product name with Google Product Search [ Seychelles Share the Wealth ]
2. Looked at the top 5 ecommerce sites selling the product. This gave me the price AND, more important, lots of details about the shoe and the brand to put in the description to make it look super professional.
3. Saw the item I have has one major distinction – a hard-to-find color. I’ll highlight this in the description.
When I asked Griff for any secrets on getting inventory to sell on eBay, he told me, “think local.”
Instead of thinking only about how to sell YOUR stuff on eBay (like your old stereo, computer, designer jeans), think about how to make a micro business selling OTHER stuff on eBay, that you obtain locally, such as….
1. Stuff that’s on major sale at retail discount stores (TJ Maxx, etc, may be selling stuff for really cheap that’s actually going for full price in other marketplaces, like eBay. Griff has a great, real-life example of this.)
2. Undervalued things you find at garage sales, swap meets, thrift stores
3. Brand name stuff or items with a certain following that are being discontinued
4. Items already listed on eBay that are undervalued (either badly marketed and not using any of the tactics discussed above, or just priced wrong). Ok this one is not local, but it’s a similar idea.