Learn How To Make Money On Ebay

Work From Home and Make Money on Ebay

Did you know you can earn money on eBay without any financial outlay? That’s right you can sell on eBay for free.

No this isn’t a get rich quick scheme and it isn’t some sort of scam. It is in fact a little known benefit of being an eBay member.

As an eBay member, each month you can sell up to 100 items on eBay without having to pay an insertion fee providing your item is listed in a general auction and the starting price is less than £0.99.

EBay Free Insertion Fees

Your first 100 single-quantity auction-style listings in a calendar month won’t be charged an insertion fee if:

• You are a private seller.
• You are using auction-style listings.
• There is no reserve.
• The item is listed in an eligible category.
• Your starting price is between £0.01 and £0.99.
• You are not a PowerSeller on any eBay site.

If your listing is eligible for a £0.00 insertion fee, your insertion fee will appear as ‘Free’ in the listing form. If you’re re-listing an item, the re-list is eligible for £0.00 insertion fees under the same guidelines as a new listing. All listings (including re-listed and cancelled listings) count toward the 100 listings limit.

Home Clearout Sale on EBay , It’s a Lot Easier than You Think

This guide will show you how to make money on eBay by unlocking hidden goldmines in your home. It’s a lot easier than you might think.

The advantage of selling on eBay as against having a garage or car-boot sale are ones of convenience. Selling on eBay means:

• You don’t have to create flyers and post them all around the neighbourhood to publicise your home clearout sale.
• You don’t have hordes of people poking around your sale event.
• You don’t have to display your goods and hope it doesn’t rain.
• You don’t have to pack unsold item away at the end of the day.
• Your total monetary investment is zero.
• It’s not just a clearout sale, it’s an auction.
• More people will come to your eBay home clearout auction.
• Your items will be sold to the highest bidder rather than the thrifty shopper that haggled you about the price.

How to Set Up a Home Clearout Sale on EBay

Here’s a step by step description of how to set up a “home clearout sale ” on eBay :

• Find all the items you want to sell from around your house. Don’t forget the loft, wardrobe, shed and all those boxes you packed away when the kid were young. The more items the better.
• Move all of your home clearout items into one place. A garage or clean, dry shed is ideal. Stack them neatly, so you can access them easily.
• Make a list of the items and examine each item carefully to determine the items value and condition (broken, used, new).
• Do a little market research. Search eBay for similar items to yours using the ‘Show only completed listings’ search criteria (left-hand column).
  • What are they selling for?
  • This will give you an indication of the price you can expect.
  • Make a note of the items eBay category.
• Take a photograph of each item. The better your photographs the better the auction bid price. With the advent of cheap digital cameras this should be quite easy.
• Write a brief but complete description of each item you intend to auction. Be sure to include all the relevant technical specifications and dimensions.
  • Include everything you can that relates to the item. It is always a good idea to be honest in your descriptions too, if your item has a little scratch or is damaged, say so. If eBay thinks you have been dishonest they may penalise or even ban you.
  • Tip: If you item has a small scratch you could say something like, “it has a superficial scratch on the cover but this does not affect the performance of the item in any way.”
• Choose a date to hold the sale. Currently eBay allows you to list your items for up to 10 days.
  • Don’t expect bids immediately an item is listed, most smart bidders wait until the very last minute. For this reason you auction should end on a day and at a time where people are most likely to be at their computers.
  • Don’t end bidding on bank holidays or during rush hour.
• Start selling on eBay by clicking the, “Sell” button at the top of the page. Just answer the questions and don’t forget to include your description and photograph. Post each item in the appropriate eBay category.
  • If you want a free listing give a starting price of between £0.01 and £0.99.
• Sit back and relax and let buyers visit your eBay home clearout sale. Keep an eye on your email in case you receive questions from prospective buyers. Answer questions as quickly as possible.
• When a buyer wins an item, an eBay notification will be sent to your email address and you can move forward and complete the transaction.
• At the end of the sale, see what you’ve sold and count your earnings.
  • Don’t forget you still have eBay and PayPal fees to be taken from your profits (see below).
• If you didn’t sell all your items the first time round, re-list them. There is still a chance you’ll find a buyer the next time round.

EBay and PayPal Fees

From 4 September 2013, final value fees of 10 percent will be charged based on the combined value of the item listed plus postage.

• Total cost of selling item on eBay = Insertion fee + Final value fee + Feature fees + PayPal fee.

Example 1: If an item sells for £50 with postage cost of £20, the final value fee of 10 percent will be charged based on the combined value of £70. Giving an eBay charge of £7.

• The PayPal fee is 3.4 percent plus 20p of the transaction. This charge would be £2.82 on the previous example.
• A total charge of £9.82 on a £50 sale.
• Total cost of selling item on eBay = 20 percent (approx).

Example 2: If an item sells for £50 with postage cost of £0, the final value fee of 10 percent will be charged based on the combined value of £50. Giving an eBay charge of £5.

• The PayPal fee is 3.4 percent plus 20p of the transaction. This charge would be £2.07.
• A total charge of £7.07 on a £50 sale.
• Total cost of selling item on eBay = 14 percent (approx).