How to Make Money Selling on eBay - Elizabeth Stapleton
Elizabeth Stapleton
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How to Make Money Selling on eBay

  Hi friends, today I’m super excited to have Jason Butler from The Butler Journal drop some knowledge about selling on eBay. I had the pleasure of virtually meeting Jason when he agreed to participate in my Student Loan Conqueror series, and then I got to meet him IRL at FinCon, turns out he is just as awesome in person. One of the many things Jason does really well is making extra money by selling things on eBay.

Jason’s an Experienced eBay Seller

So I asked if I could interview him to get some inside knowledge from an experienced eBay Seller. Over at The Butler Journal, he recently did a Thrifting Challenge. Having never had success selling on eBay, I signed up, and I got to say, I learned a lot. You can still participate in the Thrifting Challenge, by signing up here. Now let’s get on to learning about what it’s like and how to make money selling on eBay.

What made you decide to start selling on eBay?

I’ve been selling on and off with eBay since 2008. I started getting serious about it when I started to pay off my debt which was in 2015.

How does one get started selling on eBay?

It’s very easy to get started with eBay. It’s free to sign up for. You can have your account up and active within 30 minutes.

How did you figure out what to sell – was it a trial and error process?

I had read that a lot of sellers were having success with selling old Jordan sneakers and Jerseys. Those were the first items that I started selling. Some of the others were trial and error. Now, I research when I’m debating on selling something new for the first time. Here is a list of 100 things to sell on eBay.

What is the process of selling on eBay?

The process is pretty simple. I take good pictures and price them accordingly. I list the majority of my items for 30 days. Then I sell them with the Buy it Now feature. I’m not a big fan of auctions anymore. They take too long.

My shipping time for my items is 2 business days. I have to give myself some time in case I’m busy with other things. I usually give my buyers 48 hours to pay. Once they pay, I can let the money stay in PayPal account, or I can transfer it to my bank account.

How much do you earn per sale (percentage)?

I earn anywhere from 80% – 90% for each sale. eBay takes out 10% for its final value fees. Depending on the amount of items you’re selling, you could get charge other small fees. You also have to consider shipping. If you offer free shipping, that will come out of your profit. I charge shipping with the majority of my items.

How much have you earned selling on eBay and over what period?

I didn’t keep the best records in 2015, but I can say that I’ve made approximately $2500 on eBay since January 2015. Some months, I went harder than others. I also only thrifted once or twice a month in 2015. Now, I look for items weekly.

What is the best part of selling on eBay?

The best part of eBay is when items sell for higher than what you thought they would. I also like hearing the kaching sound when I get a sale as well lol.

Any downsides to selling on eBay?

The only downside is getting that buyer that doesn’t pay. It happens from time to time.

Any other things wannabe eBay sellers should know?

If they are considering selling things on eBay, do it. It is safer than Craigslist or Offer Up.

Wrapping it Up with a Bow on Top

If you are looking to get started selling on eBay then, Jason and his Thrifting Challenge are great resources. I learned a lot from the thrifting challenge myself and I look forward to implementing it soon, keep an eye out for an update on how I do with my first thrifting foray.

Hustle tools & resources i recommend

GRAMMARLY (BE A BETTER WRITER) I use Grammarly as a second pair of eyes to help me clean up and proofread my writing/typing. The best part is that it is free to use. You can install an extension on your web browser and it will check any writing you do online. While there is a paid premium version, you can get by with the free version for a long time. I only recently upgraded. If you want to know more about Grammarly, you can read my review.

30 Days or Less to Freelance Writing Success (to start freelance writing) Personally, I found the course, 30 Days or Less to Freelance Writing Success extremely helpful to get me started with freelance writing. It breaks down everything you need to do, step by step, so that by the time you get to pitching for jobs, you are prepared and successful. For me, the course paid for itself when I got my first freelance writing job. I now earn between $2,000 - $4,000 per month (check out my income reports) with freelance writing.

Lyft (to make money driving) Driving with Lyft is a great way to earn some extra cash. I love how easy it is to just turn on an app when I feel like driving and make some money. I wrote an entire post about driving for Lyft. It includes what you can expect during the application process, what it's like to actually drive and the many perks of driving with Lyft.  Get started driving for Lyft.

BookScouter (to make money selling your books) BookScouter allows you to enter your book's ISBN number and it compares the prices it would get from various sellers, making sure you fetch the most money possible for selling that book.

Contena (for Finding Freelance Writing Jobs) I used Contena when I was working my 9-5 and getting started freelance writing. It made it easy to find freelance writing jobs to pitch. While it's not a cheap Contena is definitely worth it if you don't have a ton of time to spend looking for freelance writing jobs to pitch. Contena pulls together pretty much all of the available freelance writing jobs out there into one place and will  notify you via email of ones in your niche. 

Rover (make money hanging with dogs) Rover is a website that connects pet sitters with pet owners. I did a video tutorial on how to use the site as pet sitter and the accompanying post goes over what makes Rover a great side hustle. Read and watch the post or get started petsitting.

Quickbooks Self-Employed (for managing Hustle Money) I use the QuickBooks Self Employed (BTW you'll get 50% off with my link) app to calculate my quarterly taxes so I know how much to set aside. Though keep in mind it only keeps up with federal taxes and you will need to set aside an additional amount for your state taxes. 

About the Author Elizabeth Stapleton

Elizabeth Stapleton is the founder and voice behind Less Debt More Wine and ElizabethStapleton.com. She is a Pinterest marketer, online entrepreneur, and recovering attorney whose writing has been featured on Entrepreneur.com, The Huffington Post, The Penny Hoarder, Budgets Are Sexy, Credit Sesame, and Magnify Money. Additionally, she has been quoted in articles on Business Insider, Student Loan Hero, and Nerd Wallet.

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