eBay has been a pioneer in the online auction and shopping marketplace since its inception in 1995.
It’s hardly surprising that you want to know how to maximize your eBay earnings. When it comes to the world of electronic marketplaces, eBay is undoubtedly the biggest player. With millions of regular customers and nearly two billion daily transactions, it’s one of the top places to make money online.
Furthermore, eBay caters to all types of enterprises. Whether you’re looking to make more money, start a side hustle, or establish a scalable company, eBay can help.
Save this post if you want to learn how to make money buying and eBay selling. There’s a lot to cover, and you’ll want to have this guide handy as you go.
Let’s get started!
Alright, so eBay doesn’t exactly fit into a nice category.
At the end of the day, eCommerce is a… unique way to think about making money.
It’s certainly possible to make money with off-the-wall businesses like this, but unless you’re interested in taking years out of your life to experiment with an unproven business model, I would look elsewhere.
My #1 personal recommendation if we’re talking about starting a fully-online business has got to be the Lead Generation & Ad Agency business models.
There are a handful of programs that teach you the ropes, but my #1 choice that combines both of those business models into one is the Digital Landlords program
But, if you’re hard pressed to jump head-first into an off-the-wall business model, let’s continue on to my full breakdown of eBay.
How Much Does The Typical eBay Seller Make?
Selling items on eBay often generates an annual income of around $35,000. While the highest earners might pull in as much as $70,000 annually, most workers bring in far less.
It all depends on how much inventory you can sell, your product prices, and other costs, such as shipping materials. Educating yourself on other eBay stats can assist you in navigating the site with more information.
Is It Really Possible To Make Money On eBay?
eBay was created on September 3rd, 1995. In the time since, eBay has become a household brand, used by 183 million people all over the globe.
It’s easy to start a sale on eBay, so many people use the platform to move their merchandise. Your eBay store will be ready for business after reading this in just a few minutes. eBay attracts shoppers since it’s an established marketplace that provides a pleasurable shopping experience for its customers.
So yes, indeed! You can make money with eBay.
Why Sell On eBay?
Whether you’re a hobbyist or a large corporation, you’ll find everything you need on eBay. Among the many benefits of selling on eBay are the following:
The number of people that use eBay is staggering; as was previously said, the site has over 183 million active users. If you’re not up to scratch the surface, you may join eBay and start connecting with buyers worldwide.
Auction Listings: One element that separates eBay from other markets is the auction-style listing. Bidding provides a one-of-a-kind and often entertaining buying experience. You need to set a reserve price for eBay buyers when holding auctions. Having a low starting price can be beneficial too.
Extra Cash: Are you strapped for cash? You may augment your income by selling items on eBay. One lady even sold her bridal gown to pay for the bills.
How Can You Make Money On eBay In 2022?
eBay is a great tool to grow your internet company if you know how to utilize it. Listed below are the first steps you should take to begin making money on eBay:
Step 1: Determine What You Want To Sell
Some people start companies out of their houses, mostly by selling their used goods. Some people are working on developing a side company so they can make an extra $500 each week on eBay. Some suppliers are also sizable businesses that maintain staff and a storage facility.
Here are some of the greatest eBay items to sell to generate money:
- Exercise equipment
- Games and toys
- Clothing and footwear
- Baby products
You can save money when you get your inventory also from yard sales or garage sales.
Step 2: Create An eBay Account
When you decide on what you will sell, it’s time to create an eBay account. The process takes a few minutes to finish, thanks to its simplicity.
Go to eBay.com and sign up for an account. Your name, email address, and password will be required throughout the registration process.
A business account would be more suitable if you want to sell in significant numbers. When you sign up for a business account, you will be asked for your legal business name and phone number.
Step 3: Select A Subscription
Do you plan on really growing your eBay company? Consider their available subscription packages.
eBay currently provides five subscription tiers:
- Starter ($4.95 monthly)
- Basic ($21.95 monthly)
- Premium ($59.9 monthly)
- Anchor ($299.95 monthly)
- Enterprise ($2,999.95 monthly)
Take note that there are other expenses like eBay shipping and fees.
Step 4: Create A Listing
You can learn the process of creating an eBay listing quickly.
Go to the top of any eBay page and hit the “Sell” button.
This will prompt you to type in terms of your items, such as brand, style, selling price, color, and size.
Depending on the keywords you input, several listings of things from different vendors will appear. Choose the item that best corresponds to what you’re offering.
Click the List button on your eBay store.
Indicate the condition of your item (new with box, new without box, new with defects, or pre-owned).
Following that, you must submit your contact information, which includes your address and phone number.
After double-checking that the information you’ve provided is correct, click ‘List your item.’
If you’re unsure about using eBay, you may test the waters by listing a few items at a fixed price. After a few sales, you’ll know whether you want to make eBay a full-fledged company.
Step 5: Adhere To eBay’s Best Practices
Ship your orders within the time frame specified when you fulfill your eBay sale.
Your ad will specify your shipping costs, estimated shipping, and processing time. Sellers are required to send the goods within 30 days after receiving cleared payment. You should dispatch the order within one business day after receiving cleared payment. You can also offer free shipping.
Promptly responding to customer concerns is another important thing to do in your own business. This is how you compete with other eBay sellers.
The following are the two most common reasons why a customer would file a claim against you:
- The item does not correspond to the seller’s description.
- The item was not received.
Are There Alternatives To eBay?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
Is eBay A Scam?
Time for the $1,000,000 question: is eBay actually a scam?
I wouldn’t technically call it a scam, though others might.
It’s technically possible to make money with this business model, so in that sense, it isn’t a scam.
No one is riding off into the sunset with your money, leaving you empty-handed… technically speaking.
But the second, more important question is: is eBay actually worth the investment?
My honest answer is that for most people out there, probably not.
There are countless other business models that are proven & easily scalable, so why risk it for… not an incredibly huge payoff?
I’d rather have a program with thousands of successful students & plenty of room for others to join.
If you’ve followed my blog for long, you know I recommend a few different programs depending on your skills & goals.
My current top choice is becoming a Digital Landlord, because you have a proven, systematic path to 6-figures, and you can do it from anywhere you want.
I’ve got friends in there posting deals from the middle of the woods in a camper-van with their pet pig… which is kinda cool.
What Is My Top Recommendation For Making Money Online In 2022?
Alright, time for me to get real with my lovely readers for a moment:
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
THAT BEING SAID: I would at least recommend you implement something that is tried and true, because I’ve seen TOO MANY people (including friends and family) get burned by stuff like eBay.
They come out of left field with some random idea, make it seem attractive, and then make themselves a quick buck by luring in unsuspecting people.
I’m not saying eBay itself is a piece of trash; I’m just saying you need to be very, very careful.
This is a big reason why I only recommend proven, tried and true business models, like Lead Generation & Ad Agencies.
There are a bunch of programs out there that teach you those skills, but my top choice is the Digital Landlords program.
Why? It has proven leaders with their own 7-figure businesses implementing exactly what they teach you.
I’ve also got over a dozen personal friends in there, so I feel comfortable telling you it works.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, their program works.
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring (for the most part).
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2)Big Margins: With most businesses, you’re often going to have really slim margins. That means you need to hit a serious scale to make serious money.
Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on “auto-pilot.”
3)It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with eCommerce, you would need to exert time and effort. And I can guarantee you that’s a lot harder than a few clicks & a phone call.
4)You’re Helping REAL People: My biggest gripe with eCommerce is that you’re basically only helping yourself.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other off-the-wall business models like eCommerce and maybe hit it big one day.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.