If you are struggling to make ends meet and you want to earn a bit of extra cash, selling things on eBay is a great option. You’d be surprised what people will pay for and you probably have plenty of things at home that you could sell to get yourself started. If you have never sold anything on eBay before, these tips will help you make your first few sales.
Once you get started, you will realize that there is potential to make a lot of money and you might decide that you want to take your eBay side hustle to the next level. There are a lot of people out there that make a living buying and selling things on eBay but there is a big difference between doing it to make a bit of extra cash on the side and doing it full time. If you think that it’s time to take your eBay side hustle to the next level, here are a few great tips to help you make it a success.
Create An Inventory
If you are just selling a couple of old items that you have at home, it’s easy to keep track of. But once you start taking it more seriously and you are buying and selling a lot of stuff, it’s easy to lose track and get mixed up, especially if you have more than one of the same item. If you start sending out the wrong product to buyers, you will get negative feedback on your account and that will seriously affect your business. That’s why it’s important to catalogue everything that you sell in an inventory. It doesn’t need to be anything too advanced, just make a simple spreadsheet and keep things organized. This will also help you to track how much you spend on items and how much you sell them for, so you can make sure that you are actually making a profit. You can also identify which items have the biggest margin so you can focus on those in future.
Consider A Storage Unit
You don’t want to fill your home with stuff that you are selling because it will quickly get on top of you. Once you start selling a lot of stuff on eBay, you need to look for the best storage locations in the surrounding area and get a storage unit. That way, you can keep your business separate from your home life. It also gives you more options because you can start buying and selling larger items, like furniture.
Do Your Research
There are some surprising items that are worth a lot of money on eBay, like old toys that are collector’s items, for example. However, there is a lot of stuff that is worthless, so you need to do your research. Searching around second hand stores is a great way to find hidden gems that are worth a lot of money, but you need to know what you are looking for so you know what is worth money and what isn’t. If you start buying things without doing research, you will end up with a storage unit filled with useless junk that you can’t sell.
If you start thinking about your eBay hustle as a full time business and follow these important tips, you should be able to make a full time living out of it eventually.
