One of the things my wife and I do to make some extra money is selling our old stuff on eBay. How do we find stuff to sell? Every 6 months or so, my wife and I take a day to purge ourselves of stuff we no longer use. While most of the stuff is crap and will go to the garbage, every once in a while we will find some great items that can fetch a pretty penny on eBay. Here’s our general method of how we do do our eBay “purge and profit.”
Set aside a day for the purge. A thorough purging will take a good part of the day. Set aside weekend where you can devote your self completely to decluttering your house.
Create your declutter attack plan. Plan the order of the rooms you want to declutter. Start off with some easy rooms to get you in the “declutter zone.” If the room has closets, start of with those before you move the rest of the room. If the room has cabinets, purge those first.
Create a “trash” bag an”eBay” bag, and “donate” bag. Have separate bags or boxes for garbage and eBay and sort as you go. Some items, like clothing, are better to donate than sell on eBay simply because they don’t do that well on eBay. Make sure to have bags for donations as well.
Ask the “one year question.” If you’re not sure whether you should get rid of something, ask yourself “Have I used this item in the last year?” If you haven’t it goes; if you have, keep it.
Finish a room before going on the next one. Stay focused on one room at a time. If you try to purge more than one room at a time, you’ll overwhelm yourself and end up quiting before the job is done.
Chunk it or donate it. Take the trash bag and put out with the garbage. Drop the donate bags to Goodwill. Ahhh… doesn’t that feel good?
Now it’s time to sell your stuff on eBay. Here’s what has helped my wife and I get maximum profits on our eBay sales.
Research what similar items have sold for. Find out what the eBay market is valuing your item at. If you set too high a price, you won’t get any bids. Just get on eBay’s advanced search to see what items like yours have sold for and how much they are auctioning for now. Take into account the item’s condition when researching as well. If it has some dings and flaws, you should look to start the bid out lower than other items.
Set your starting bid low. Low starting bids attract more bidders. Of course you should base your bids on the demand for the item. If it’s a high demand product, starting low shouldn’t hurt you because more people will be competing for it. If your product is in low demand and you think you won’t get many bids, set the starting price closer to what you actually want to get for the item. This is why researching is so important.
Be descriptive in your description. The more detail you put in your item description the more likely it will sell. Tell how old the item is, how often it has been used, and any flaws it might have. Even if your item has a few dings in it, people will buy IF you’re upfront about it in the description. It shows the buyer you’re an honest eBayer and in the eBay game your reputation is your most important commodity.
Edit your description. Make sure to run a spell check and grammar check on your eBay listing. It just makes you look more legit and boosts that all important eBay reputation.
Create a stellar title. The first thing people will see when searching for eBay items is the title. The key for a good title is description. Try to tell everything you can about the item in the space eBay give your for the title. List things like brand, color, condition, designers, and size. If it’s a book or CD, include the artist. That way if someone searches for the author, but not the title of your book, your item will still come up. Don’t use all caps or punctuations. That just annoys people and shows you have no idea what you’re doing.
Include a picture of the item. Don’t just include one, include several from different angles. Make sure you show any flaws or dings the item might have. Again, if the flaw is minor, it shouldn’t hurt you. The picture of the flaw only shows you’re an honest seller.
Run a 10 day listing. If you start the bid on Thursday and run a 10 day bid, your bid will end on the Sunday of the following week. That means your item will be up for two weekends. More people surf and make purchases on eBay on the weekends, so having exposure on two weekends will definitely help increase the bids.
Be prompt in answering questions. If you get a question from a bidder, answer it quickly. It shows you’re serious about selling your item and only increases your reputation. Plus, it’s just plain courteous.
Be upfront with shipping and handling. Make it clear who’s paying for shipping and handling. One of the biggest scams people run on eBay is selling an item for super cheap, but then charging $15 for shipping. You’ll encourage bids if you’re clear about how much shipping will be.
Don’t use eBay add-ons . I haven’t found these to be very helpful. If you follow these tips, you shouldn’t have to use them.
Ship fast. As soon as the auction is over, head down to the post office and send the package off. Buyers will get to vote on you and how you handle shipping will be taken into consideration. Ship fast to earn a high score!
What are your tips for the eBay “purge and profit?” Drop a line in the comment box!