Selling on eBay – How to find your niche

Lately, my friends have been discussing ways to save money and build up retirement accounts or pay off bills. Some have chosen to sell goods on Ebay which can be a great way to earn extra money. Whether you want to save or pay bills, you, too, can learn how to make a profit on Ebay just by trying these simple ideas.

The first thing you need is something to sell. This is where it can get fun! Take a morning and weed out your spare bedroom, garage, or basement. Look through closets, under beds, and in cabinets or drawers. The first rule to remember is that your junk could be someone else’s treasure, so don’t overlook anything with the attitude that no one will want it. Some of the hotter markets are in vintage cameras, old computers, hi-fi equipment and computer software.

When possible, it’s best to sell in bulk. For instance, if you are at a garage sale and have opportunity to purchase a box of video tapes or CDs or clothing for a reasonably cheap price, do so and then resell it in bulk on Ebay. You’ll make more money than breaking them down one by one. Collectibles sell well on Ebay. Rare books, antiques and art do well too.

Once you figure out what you are going to sell, you want run a search on Ebay of the similar merchandise and compare prices and condition. This will give you a ballpark figure of how to price your item. Of course, you’ll have to adjust the price according to the unique traits or quality of the product. Your next step should be spending a fair amount of time becoming familiar with the Ebay website. They offer very informative pages that will guide you through their selling and buying service. It’s certainly worth taking the time out to do this. You’ll increase your sales potential and be ready for your next step which will be posting your item on the site for sale. Whether you make a little pocket change or a living from your sales, selling on Ebay is a great way to pad your wallet.