This series is brought to you by Kimberly from Homemaking Expert. Kimberly is a stay-at-home mom who uses eBay to supplement her family’s income while her husband finishes college. She writes at Homemaking Expert about cleaning, cooking, budgeting and all other things related to making a house a home.
Buying and reselling items or selling n0 longer used items around your home is a great way to bring in a little (or a lot) of extra cash. I’ve been selling on eBay for over a year and have learned lots of tricks along the way that I am excited to be sharing with you!
Let me first answer the question that I’m sure many are wondering – How much can I make? It completely depends on how much work you are willing to put in. I devote two full days per week to listing and shipping and then another afternoon each week to go thrift store and garage sale hunting for inventory. (Though this doesn’t feel like work, cause it’s so fun!) I average $800 – $1,000 per month! Of course you can work more or less and make more or less, it’s totally up to you! But suffice it to say – eBay is a GREAT way to make extra money!
In this post I am going to cover some basic getting started information. If you have sold on eBay before, this will all be stuff you already know. But for the new sellers reading, here’s where to begin:
- Set up an eBay account: There really is no magic to this. Just go to eBay’s website and set up an account, they will walk you through the process.
- Set up a Paypal account: This will be your primary and perhaps only form of receiving payment (it is the only way that I receive payments). It is important to make sure all of your information is correct and complete on Paypal. Having things inaccurate could cause a delay in payment.
- Link your Paypal account to your Bank account: If you are leery of doing this, you could open a separate checking account just for Paypal, which is what I chose to do. This is also helpful if you plan to run your eBay store like a business for tax purposes, etc.
- Gather needed supplies: See the list at the bottom of this post for supplies that I recommend you have.
- Start listing! These few steps are really all that is required to get started. Tomorrow’s post will be all about what types of items successfully sell. I’d bet you have a few laying around your house that you’d be willing to part with!
Seller Supplies List
- Postage Scale: I personally use the Weighmax scale which is about $20 on Amazon, and I’m very happy with it.
- Shipping Supplies: boxes, newspaper, bubble wrap, brown paper — I pay very little if anything for these supplies. About once a month I go on a run to gather boxes and packaging materials that various stores are going to toss out. The only shipping materials that I pay for are brown paper, bubble envelopes, manila envelopes and tape – all of which I purchase at the Dollar Tree.
- Camera: for taking photos of your inventory. I use the camera on my iPhone and a basic point and shoot works fine as well. We’ll cover photos in more detail later, but a digital camera is a must.
- Printer: I highly recommend printing your own shipping labels. There are lots of reasons which I will cover in the shipping post of this series.
- Cleaning Materials: Even if items I’m selling are in great condition, I give them a once over before shipping. Cleaning items that I keep in stock are baby wipes, Goo gone (for removing price labels), a lint brush, scissors and a small sewing kit.
Upcoming Posts in This Series
What to Sell
Listing Your Items – Part 1
Listing Your Items – Part 2
Customer Service Tips
Tips for Success
My eBay Successes & Stumbles