How to Make Money with Internet Auctions
Years ago, when I first started to make money online, I started selling things on eBay. I started slow, selling things I had around the house. I heard from a friend of mine that a lady that lived in her hometown was an eBay seller who made enough money to buy herself a new Suburban. With her eBay money, she put down a hefty down payment, and was able to make the payments with eBay earnings. I was intrigued and hooked.
I’m sure there are countless ebooks out there that will promise to help you earn money on eBay… if you pay them for the information. I’ll just give you some free information here, in the form of a few steps. These steps helped me become a Power Seller (when I was an active eBay seller).
- If you are already have an eBay account that you use to buy things, register for an eBay account that you will use exclusively for selling. It just makes everything neater, more professional, and easier to handle when tax season rolls around.
- Use clear photos of your items. If you can, use a white sheet or a clean table top when you take photos of your things. You don’t want anything to distract from the item that is up for auction. So if you’re taking pictures of a pair of shoes, don’t take the photo of the shoes in front of a pile of other shoes.
- Be as clear and concise as possible in your title line. I can’t tell you how many times I’ve snagged items at ridiculously low prices because the seller put something like, “black sandals” in the subject line. Use all of the space that eBay gives you! If you want to get as many viewers as possible, write out, “Black strappy sandals w 2″ heel sz 7 NEW” in your title (or whatever is fitting for your item)
- Ship immediately after receiving payment. On eBay, your feedback is your reputation and it can make or break you. Shipping out fast will increase the chances of your buyer leaving good feedback.
- Keep your eBay income in two separate piles. You decide what percentage works best for you financial needs. With one of the piles, visit garage sales and Good Wills to buy more things to sell. To make money on eBay, you need a constant supply of things. Unless you plan to sell everything under your roof, you need to find outside sources to keep your supplies up.