Alright so after reading The Master Selling eBay Guide and the post before on how to get set up on eBay, you should be a novice and have already started selling/buying on eBay. But how serious are you? Do you want this just as something to do when you have extra stuff lying around? Or do you actually want to make some real cash?
The latter obviously is a loaded question, of course everyone wants to make more cash, but don't be fooled. It will take a lot more time to make money. And if you just want to make some side cash by selling the items you don't want anymore, that's completely fine! There's nothing wrong with not wanting to work that hard and just get some extra cash on the side for some splurging!
But, if you are the one who wants to actually start this as a semi-part-time job, let's get to work on answering those questions you have. Yes I realize semi-part-time isn't real, but hey, if you are in college or busy, making a part time job on eBay is REALLY hard and takes a lot of time and learning.
One of your first questions is probably: "When is the best time to sell?"
- Well let me give you the answer. If you sell consistently year round, remember Sunday afternoon-night is the best time to end your auctions. But there are certain spots of the year you want to hit eBay hard like a mad seller!
- You need to do what retailers do. Don't you notice? When are the shelves empty? When is EVERYONE in the stores? Easy answer. Christmas.
- Right before Christmas people go on a mad spree to get what they need to make their little child, teen, lover, or friend, happy.
- People are generally lazy. That's a fact. They will wait until the last second until they realize that they need this item and will pay for it as long as they get it.
- Stocking up before Christmas is sometimes a good idea. Things are on short supply during Christmas sales and when the retailers run out, you are there to provide for those who want ;)
- Black Friday is right before Christmas so go out and get a bunch of deals then! Save em' up for Christmas and sell, sell, SELL!
- Other great times of the year to sell are during the summer, lots of kids get summer jobs and want to use that extra money for something! So maybe focusing on teenage-young adult groups is a good way to make more money on eBay in the summer. Also, back to school shopping? Yea, people go nuts for that. Right before the school year starts give some people what they need.....for a price.
- Again, back to Black Friday. HIT UP THE DEALS! Get those deals at 3 A.M. for cheap and sell it to those who wanted to sleep in but lose $75 to you who got up on time!
- Keep your eyes peeled. If you see something that's a great deal or that you have a suspicion mannyyy people will want for the holidays, grab it.
- One of the best techniques you could use to get money for Christmas is to look up and find out what will be on short supply and high demand in the Christmas season. Two years ago, it was the Wii. So many people wanted it yet there wasn't enough. Some people went out and bought 10-20 consoles 2 months before and made $125 per console when they sold them on eBay.
- Look for what people want. That's the only way you are going to sell anything. People have to want it and want to compete for it for you to get the profit you want.
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Nice blog I had to spend a few minutes looking for the comment box lol. Great ideas I have sold on ebay before and there is money out there!
ReplyDeleteThank you :) Ill be updating again soon! And sorry it is so hard to find
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