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- With all the other new eCommerce platforms, is selling on eBay still worth the time and effort? Well, yes! eBay makes a great side hustle when done in the right way. But, at the same time, it also has drawbacks that are entirely avoidable - and we're going to show you how to side-step them with relative ease.
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With so many new online selling platforms, does eBay make good use of time and effort? The answer is yes! Selling on eBay can be a great side business if done correctly. However, there are also downsides that are easy to avoid, and we’ll show you how.
- What Products Should You Sell?
- How Do You Maximise The Sale Price?
- How Do You Minimise Fees?
- How Do You Save on Postage Costs?
- How Else Can You Maximise Your Profit?
New items account for 80% of products sold on eBay. However, Oberlo reports that used items have a higher success rate with 50% of listed items being sold. According to Good Housekeeping, these were the best items to sell in January, together with average selling prices: 1. Mobile phones: £163 2. Watches: £131 3. Women’s bags: £45 4. Video games co...
The eBay search function for completed listings is a great tool for researching sale prices. You can search by product name and filter by completed/sold items. eBay has two main selling options to choose from: 1. Fixed price or Buy it Now: you list the product at a set price (88% of eBay sales). 2. Auctions: you set the duration (from 1-10 days) an...
eBay charges two types of fees: 1. Listing fees: free for private sellers (up to 1,000 listings per month). 2. Final value fees: 12.8% of the total sale (including postage) plus a fixed charge of 30p per order. This can add up on small-value items. If you sell something for 99 pence plus postage of £1, then you’ll pay 55p in fees. eBay has regular ...
Postage costs can seriously erode your profits, particularly as you pay a 12.8% fee on your quoted postage costs too. Here are some ways to save: 1. Offer free postage on your orders (and incorporate the cost into your item price). You may attract more buyers and you’re automatically given the maximum feedback rating for ‘postage’. 2. Royal Mailis ...
Keywords help to make your title as detailed as possible, and it’s good to include a number of photos. Be honest in your description; if your coat has a hole in the sleeve, mentioned it in the ‘item condition’ section. This reduces the likelihood of the buyer raising a dispute that the item wasn’t as described. Sellers with a feedback score of over...
Jun 13, 2024 · One of the easiest methods to stock is via retail arbitrage, wherein you buy a product online or in-store and sell it on eBay at a higher rate. Another successful method of sourcing products is drop shipping, where a third-party supplier supplies and delivers the items directly to the customer.
Sep 19, 2024 · The answer is yes! When approached with the right strategies and knowledge, eBay can serve as an effective and profitable side hustle. There is a market for virtually everything on eBay, from collectibles to clothing, and finding the right buyers is the key to success.
Nov 27, 2023 · eBay allows sellers to leverage fixed-price, auction-style or "Buy It Now” listings. You can enable Best Offer to allow shoppers to negotiate discounted deals too. For local sellers, eBay facilitates local pick-up options as well. This flexibility helps small businesses customize selling strategies.
Jul 24, 2023 · eBay offers two main selling formats: Auction and Buy It Now. Each format has its own advantages and disadvantages, and it is important to choose the right one for your item to maximise your sales potential.
The earning potential is endless when selling on EBay and it is a great side hustle that doesn't take much work each month. In fact, I'd say I spend less than 5 minutes a month using the platform and I make an average of $500 every month for years now.