Ebay money earning
Once upon a time, I decided it was high time I sell some of my stuff on eBay to make some extra cash.
Since it was just after the holidays, I decided to get the ball rolling with a new shirt I had just received for Christmas. Even though it was cute, the shirt fit a little small for my taste. And even worse, the store it was purchased from was out of state, which meant no returns. So, after taking some pictures and crafting a snazzy description, onto eBay it went.
How to establish your own side hustle.
Unfortunately, the buyer later wrote to say the shirt had a hole in it and demanded a refund. I promptly refunded her money, which meant she kept the shirt and the cash. And after that, I wrote off eBay as a potential source for side income altogether.
That being said, I am still pretty intrigued by those who claim to make money flipping items on the popular auction site. Is it really possible to make extra money with eBay? And if so, is there a trick to it? Chris, an eBay resale enthusiast and blogger who writes at FlippingaDollar. Since launching his side business in , Chris claims to have earned a steady side income that has increased annually. Still, there are a few months left in the year. When I told Chris about my unfortunate clothing resale situation, he shrugged it off as the price you pay to play this game.
In his eyes, you have to be willing to lose a little money at first while you learn what will and will not sell, plus how to avoid losses.
And Chris says that learning is part of the process. In fact, as he waded through his eBay resale hobby, he created rules to follow that he believes makes the whole scheme more profitable over time. According to Chris, the best place to find items to resell on eBay is in your own home. Doing so, says Chris, puts you in the position where you have the money you need to seek out additional items to sell without pulling from your own pocket. How to build a business from scratch.
Using your initial profits is a great way to start your side gig with no money down and almost no risk. Beyond the unwanted items you find around your home, you should stick to what you know — and what you ultimately find that sells the best. And even though clothing tends to move slowly, he mentioned that the nicest items have some really nice margins.
Meanwhile, his wife picks up eye-catching crafts at garage sales and thrift stores and focuses on them. If you have a hobby or interest, for example, and you know what the high end and sought-after stuff is, look for that.
If you are a collector yourself, that might mean looking for more items you know and understand for resale. Once you decide what to sell, you can scour garage sales, sites like craiglist. And remember, you can usually find your seed money by starting with items from your own home.
While Chris admits that people have different strategies when it comes to reselling items on eBay, his own strategy has firmed up over the years. For starters, Chris no longer sells low-dollar items like, you know, the shirt I sold that supposedly had a hole in it.
In addition, Chris has learned which items to steer clear from, which for him, is high-end electronics. Chris says the only time anyone has tried to scam him for money was when he was reselling their old smartphones, so he has stayed clear of that category ever since.
earn money from home | eBay
As Chris mentioned before, however, the type of items you choose to focus on are up to you and your personal interests and goals. While reselling items on eBay lost favor with me long ago, it is obviously going fairly well for many others.
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4 Ways to Make Money on eBay - wikiHow
The secret to making extra money with eBay Holly Johnson, GetRichSlowly. How to establish your own side hustle Off to a good start, until… Unfortunately, the buyer later wrote to say the shirt had a hole in it and demanded a refund. How much extra money? The learning curve When I told Chris about my unfortunate clothing resale situation, he shrugged it off as the price you pay to play this game. Minimize start-up expenses According to Chris, the best place to find items to resell on eBay is in your own home.
Finding items to sell Beyond the unwanted items you find around your home, you should stick to what you know — and what you ultimately find that sells the best. You get out what you put in. As Chris says, your earnings are often proportional to the effort you put in.
The secret to making extra money with eBay | Clark Howard
With an eBay resale side hustle, you can put in as little or as much time as you want. It can be fun. For Chris, eBay flipping is filling a void left after he quit playing video games. Instead of putting money down, you can get your seed money by selling old Christmas presents, clothes that no longer fit, unwanted electronics, and whatever else you can find.
The bottom line While reselling items on eBay lost favor with me long ago, it is obviously going fairly well for many others. EDIT AND UNCOMMENT THE SECTION BELOW TO INSERT DYNAMIC VALUES FROM YOUR PLATFORM OR CMS. Follow Clark RSS Feeds Ask Team Clark. Clark Media Podcasts Appearances Videos Books. Learn about careers at Cox Media Group Privacy Policy Ad Disclosure Site by DynamiX.