4 Tips For Selling Stuff On eBay

One of the first rules of getting and staying organized is to get rid of the things you do not need any more. That home ab cruncher you bought six years ago and swore you would use every day? Since you only used it twice, you might as well get it out of the closet and into the hands of someone who might actually use it. That vintage rock concert T-shirt that you love so much? If your wife will never let you wear it (even just to do household projects on occasion) it is better off in the hands of someone who will really make use of it.

If you are in a position to be able to do so, you could consider donating them to charity. If you are not in that position given that these are challenging economic times, you should be able to get some cash for the things you don’t need any more by selling them on Ebay.

If you are an experienced eBayer, you already know all the tips and tricks to maximize your selling effectiveness. Maybe you have even read one of the countless books on the subject  But if you are new to the eBay game and your seller feedback score numbers in the tens or hundreds, not the thousands, then you should benefit from these 4 tips:

1) pick what you sell: there are many factors that go into what you should spend your time trying to sell on eBay. Start by using common sense. If you have, for example, a hundred pound kettlebell that is only worth $5, then it is doubtful that anyone will want to buy that from you and pay the high cost to ship it. If you are not sure what something is worth or what people will pay for it, try doing a search for the item in eBay and look at the completed auctions – chances are someone else sold an item like yours, or something close enough to it to give you an idea of what it will fetch. Avoid convincing yourself that “no one will buy this”. Jay Leno has done a segment for years titled “Stuff We Found On Ebay” where they show things that most people would have thought would never sell, but they did sell.

2) put the item’s best foot forward: one of the biggest concerns of an eBay buyer is getting something different from what they thought they were getting. You can help prevent a potential buyer of your item from thinking this if you take good photos and write a comprehensive description of the item, including all its features, specifications, measurements, and (especially) condition. And make sure you choose words for your listing’s title and content that are meaningful and will attract users. Remember that people looking for something like what you are selling who are using search engines will come across your listing if you word things right.

3) determine if your listing should have a reserve price: eBay lets you put a reserve price on a listing — if no bid goes above that price, the item is not sold. If you are the kind of person that will really regret letting something go for less than you thought it was worth, then you should set a reasonable reserve price for the item. Beware that eBay does not display this reserve price to potential bidders; they only see that it has a reserve price. This can scare some bidders away, so you should not take the decision to set a reserve price lightly.

4) choose the day your listing ends carefully: the end of an auction is where the real action happens. It is where the most bids start getting entered as the battle between interested buyers heats up. Therefore, you want this time to be when the most people can participate. eBay lets you specify how long your auction will run. If the length of auction you choose ends at 8am eastern time, for example, that is 5am pacific time. Such an auction will likely miss out on a lot of west coast bidders. Most eBayers will tell you that the best time to end an auction is mid-afternoon to evening on a Sunday.

Given those tips a try and see if you can make some money from all that stuff collecting duct in your closet.

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