How To Make A Part-time Income From eBay

Making a part-time income from eBay

If you’re a regular reader of Magnet4Marketing you’ll notice that in my online income reports, I make a considerable amount of income from eBay. Some of you have kindly asked that I create a post on how to generate income from eBay, so I hope this post will help.

I’m not going to explain too much in detail on how to use eBay, or the technicalities involved in setting up an online store to sell products, but more about how to research and find products, or better still how to create a product of your own that you can sell on eBay. I’ll also include a link at the bottom of this post to an article I wrote some time ago, about promoting and increasing visibility and sales on eBay.

…eBay, the best selling platform… on the web…

I’m sure many of you know what eBay is and as far as I’m concerned it is still one of the most powerful platforms on the web for making money.

A lot of people complain about the selling fees and what have you, but let’s get straight to the point here, eBay is a very appealing platform because it’s huge, it get’s a lot of targeted traffic which means you don’t need to spend time and money marketing your own platform just to be able to sell your stuff, the hard work has been done for you. So the selling fees is nothing compared t what you’d have to spend building and promoting your own online store.

Make a part-time income from eBay

I have made as little as $300 a month and up to $2,000 a month on eBay, the amount of money you make depends greatly on how much time you’re willing to invest in making a real go with eBay, so let’s get started. I’ve titled this post how to make a part time income from eBay but realistically anyone can make a full time income from eBay.

Making an Income from eBay

Product Research and Creation

First of all you need something to sell… One of the easiest ways to make money on eBay is buying and reselling. Yes as you probably guessed you need to make an initial investment. There are plenty of places on the internet where you can buy items and sell them for profit on eBay, but you have to do your research carefully to find the best products that will sell well.

Research for the best selling products on eBay and then try and work out where you can get products to sell. Liquidation stock is a good place to start, just do a search on Google on where you can get hold of liquidation stock. You can also buy items on eBay and sell them back on eBay for more money, if you can spot a bargain of course.

The method that I use and would recommend is researching and creating your own products. This is much easier than trying to sell liquidation stock in my mind, but perhaps not as profitable. Here are some suggested ideas of products you might want to consider creating to sell on eBay (Without violating eBay terms) –

  1. Books and Guides (Printed Version)
  2. Information products on CD
  3. Software’s on CD
  4. Arts and Craft items
  5. Stickers and custom banners / decals
  6. Business cards / Custom stationary
  7. Royalty free Images on CD
  8. Royalty free music on CD
  9. Printed t-shirts and clothing
  10. WordPress themes and Plugins on CD

As you can see from the list you have quite a choice of the items you can create and sell to profit on eBay. If you’re wondering why I’ve placed digital products on CD, it’s because eBay does not permit the selling of digital goods for electronic delivery. OK, let’s get started.

Income from eBay: Research and Create your Product

This is not the fun bit but it needs to be done. First of all research and decide what you want to create to sell on eBay. If you want to put together a DVD containing 5,000 royalty free images that you’ve taken yourself, then do that. If you think you can create custom stickers and decals, then so be it. See what others are doing first; check out the completed listings to see how well these items sell for before going into production.

Income from eBay: Get an eBay and PayPal account

Get yourself an eBay seller account and PayPal account. If you don’t know what PayPal is then I’m shocked. Nevertheless here goes… PayPal is the most trusted and largest online payment service provider on the web. You can use it to accept payment for items not just sold on eBay, but your own website or blog too. You can find out more about PayPal here.

Income from eBay: List your items for selling

If you’re selling craft, stationary or artwork, ensure you create a fully detailed listing of each item. Highlight the features and benefits and select your price.  Here are some points to remember –

  • Use quality images
  • Use an attractive, and descriptive title
  • Create a well written description
  • Check for spelling, punctuation and type O’s.
  • List the product features and benefits
  • List the product in the correct category
  • Outline delivery costs and times clearly
  • State your return policy / money back guarantee clearly
  • Embed a video of your product to help enhance your listing further
  • Host your images elsewhere to keep selling costs down

I would recommend starting with ensuring that the cost of each item you sell is at the absolute minimum. You want to start making money first before spending too much on selling fees. Don’t over do it either, if you’re just starting out, list only a few items in your first month. If you have no success you won’t be left with a monster bill at the end of the month. And you can go back to the drawing board not being completely broke…

If you’re selling CD’s and printed goods such as your own guides and eBook, business cards, brochures and stickers, you can list a single item with a quantity available, i.e. 10 available. This will save you money by not having to sell each individual item separately.

Once you start making a decent income from eBay you can then begin to list a few more items and build your income up slowly.

Selling on eBay can be addictive and it’s great fun too. I’ve been selling on eBay since 2004 and have earned well over $50,000 since starting out. But remember; don’t run before you can walk. Take one step at a time and you’ll soon be making a comfortable addition second or even full time income from eBay, good luck.

Image courtesy of Flickr user: MPK

  • http://amazingbloggers.net/ Simmeon

    Hey Fab,

    Yeah I use ebay as well, but only really for selling bit’s and bobs that I no longer need. I remember when the iPad was released, you should have seen the massive surge in the amount of china tablets that were being sold at a fraction of the price of an iPad. A few weeks later the competition was rife and prices started to drop as more people cottoned on to the trend.

    Money can be made and what you earned is awesome, just it’s sometimes short lived, so having multiple “HOT” products to sell is a must.

    • http://www.magnet4marketing.net Fabrizio Van Marciano

      Hey Simmeon, I can imagine the tablet trend took off quite quickly, it’s the same with anything else that’s hot and new. As I mentioned to Peter below, when I began selling art on eBay back in 2004, it wasn’t as saturated as it is now, these days it seems populated with everyone selling art it’s unreal, and despite the competition, I’m still able to make a little bit of income from my passion for painting :)

  • http://www.coolstuffforbloggers.com Missy

    Hi, Fabrizio:

    Can you link to the “completed listings” page on eBay, please? I can’t find it anywhere. Thanks for the tips – what do you tend to sell the most of in your store? As far as type of product – is it digital items or physical stuff.

    Cheers,

    • http://www.magnet4marketing.net Fabrizio Van Marciano

      Hi Missy thanks for stopping by. When you search for an item on eBay you can view the completed listings you’ll find the link usually under ‘Show Under’ option. I’ve added the short link to the completed listings for the items that I sell on eBay as an example. http://goo.gl/2eHjQ. As you will see I sell original art on eBay as a self representing artist. I am putting together an blogging book (printed version) which I will hope to be able to sell on eBay later on in the year also.

  • Peter

    Fabrizio, thanks for sharing your tips on being successful on eBay. The only thing I’ve used eBay for is to sell junk from around the home. I may well start a business like you have selling my own products, if I can be as creative as you of course! Best wishes – Peter

    • http://www.magnet4marketing.net Fabrizio Van Marciano

      Thanks Peter, there are many things you can start selling on eBay even if you’re not as creative as me lol :) When I began selling art on eBay back in 2004 there wasn’t as much competition as there is now, and what I’m making now is nothing compared to what I use to. But still I enjoy the creativity and making money from my creativity.

  • http://www.trainapuppy101.com Lawrence

    I used eBay before, but sorry that I have to say I can’t make money.

    • http://www.magnet4marketing.net Fabrizio Van Marciano

      Hey Lawrence, how can you not make money on eBay, please do share your dilemma with us maybe we can help? :)

  • Patrick Tyler

    Thanks for writing this article it gave me a lot of ideas on how to make money on ebay. It’s really amazing how the internet affects the way businesses or making money are done nowadays. Great job!

    • http://www.magnet4marketing.net Fabrizio Van Marciano

      Absolutely Patrick, eBay is a underused platform I think amongst bloggers, it is there already marketed and available, all we need to do is create a sellable product and get it started.

  • http://www.buysellwp.com/ BuySellWordpress

    I’m sure that it’s quite possible to achieve good incomes with the help of this website

  • http://www.rancorinfotech.com Aditya

    Hi Fab,
    eBay has gained a lot of popularity when it comes to online shopping.its a great place to buy and sell thing and one of the best sites i had ever known.
    And the ways to make money online triggered my mind and i am guessing what i am doing till now.Will soon follow the tips you have shared and let you know whether i made money or not. :)

    • http://www.magnet4marketing.net Fabrizio Van Marciano

      Well Aditya, when I finish my eBook in the autumn, I will be using eBay to market, promote and sell a printed copy of it. So it will be interesting to see how well it does. Good luck with making money on eBay.

      • http://www.rancorinfotech.com Aditya

        Thanks Faby :) and i hope your book will do good in the market,can you let me know when will your eBook will be available…??

        • http://www.magnet4marketing.net Fabrizio Van Marciano

          Hey Aditya, Samantha will be publishing a post about the new eBook in the mid of next week, we’re not too sure on release day but should be around late September. The book is titled ‘Internet Marketing for Smart Bloggers’, you heard it here first :)

  • Bhushan

    Hi Fabz,
    Thanks for these tips,it’ll help me on ebay as I think.You’re giving us some great scoop on different topics.some of yours tips was very good for me.

  • http://www.100webhosting.com Jasmine

    I have not really tried selling anything on ebay yet. But it surely looks like a worth while e-commerce marketplace to start out if I ever get to create my own products to sell. Creating my own products it the hard part.