Make Money Online using eBay
We all know, eBay is the best way to get rid of the stuff you don’t need and make some extra cash. But did you know that there are people making millions using eBay? I do not guarantee that you could make millions right away from eBay, but I am just saying that it is possible to make a decent amount off eBay.
When you start on eBay, it would be better if you start selling things that you don’t need. This way you would also gain some experience and get rid off the things you don’t need anymore. Once you have a good hand over the platform and you are confident enough, you could start off with selling some products.
A friend of mine and I had planned to start an online ‘Geek Store’ (Geekstore.in) and sell products online. However it didn’t work out due to lack of time from both ends. The plan was simple, to list products on eBay as well as on the website and then ship them to the users. We also researched the market and got a list of amazing products for unbelievable prices! I wouldn’t talk more about this start up as this is yet on hold. We might start it sometime in the future if possible. (We’re still looking for people to contribute to this project, contact me through the contact page, Mumbai only)
Making Money on eBay is so much easier than in real life. List the products and get buyers to contact you directly. For example, the hottest product in the Indian gadget market right now is a ‘Spy Pen’. The small gadget can store up to 16 GB of video recording (aprox 5 hours) in good quality. Can you guess the price? $300? No. $250? No. $150? No! The price I found out in the local market was Rs 1,000 (about $22) for a 16 GB model (without any bargain, I believe the shop keeper would come down to Rs 750 if I bargained). When I checked on eBay, the price for a 8 GB model was Rs 1500 ($33). I mean, wow! this is amazing…A 8 GB one costs $33 on eBay, how much could you sell the 16 GB one for? No lesser than $40? Now, even if you’re getting the 16 GB one for Rs 750 ($16) and selling it for $40 (Rs 1978), you are still making a profit of Rs 1228 ($24) per sale. That’s sweet.
If you can find a good way that works for you on eBay, then go for it! The harder you work at it the more money you make.
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13 Comments Add yours
January 31, 2010
2:34 pm
Another quick way of gettin rich!
February 1, 2010
4:55 am
Really enjoyed your article – well written and shows that good things can – and do –
February 1, 2010
6:42 pm
Ebay certainly is a good way to make money, if you know what you are doing and plan ahead. Sometimes people can tend to forget there are a lot of fees associated with selling things on eBay now, even a Paypal fee. I sold 300 of my CD’s for $800, so if you know what you are doing, you can really make a killing. Just plan ahead!
February 2, 2010
2:12 am
I have used eBay before to sell some of my personal items, and made some money doing it. I’ve sold 300 of my CD’s, DVD’s that I didn’t watch anymore, old VHS tapes, etc. You just have to make sure to plan ahead for any fees you might incur with eBay, and possibly Paypal too. Have a good plan and unique items and you can definitely make some money!
February 2, 2010
5:32 pm
Selling ebooks on ebay is another easy way to make money. There are a lot of open source type ebooks that allow you to resell.
February 5, 2010
6:00 am
Great post actually I need some form of work which I can do online where I could get an extra paycheck every month. I tried E bay, it was a failure….so please help me…
February 9, 2010
5:37 am
Very enjoyable article I appreciate it a lot…good post
February 10, 2010
6:11 pm
I like to buy things in bulk and then sell them on eBay, especially like preordering iPhones and selling them on launch day for a premium.
February 16, 2010
4:55 am
Ebay is a good way to make money, if you know what you are doing and plan ahead.
February 17, 2010
10:02 pm
I do buy and sell at ebay. I also do the dropshipping method.
February 26, 2010
10:44 am
So your plan is to find things saleable on eBay. Compare the price with a local store. If it’s lower, buy it and then sell it off of eBay. Did I get it right? Looks like a great idea to me. On top of that you have to consider shipping cost. What is the usual terms for this on eBay. Is it the buyer that pays for shipment?
March 6, 2010
1:34 am
Its a great way to test your business before you build something yourself. If you get the feedback you wanted then its time to start expanding your business.
March 9, 2010
11:27 am
hi. just wanted to come by and check out your blog. found you on YOUNGEST BLOGGERS an thought i’d take a look.