Selling items around your home is a great way to get started with making money on eBay. The next step is to start keeping your eyes open for items you know will sell and make you money. In order to do this you need to keep tabs on trends, both old and new items. There may be a niche item that is common to your geographic area, but not so common elsewhere. Many people buy items like this or in same cases make items and sell for a great profit. If you have a hobby such as playing an instrument, start learning the value of older models. I do this with guitars from time to time, I’ve purchased guitars at pawn shops and local swap and sell ads only to turn around and sell them for more than twice as much. I think of this as my hobby, I enjoy playing them, cleaning them up and turning them over for a profit. It’s important to know what you’ll be able to sell these items for before you buy! If you’re not sure, hold off, hit eBay and add some of the same items to your watch list. Be sure you’re comparing apple to apples when doing this.
Ok, assuming you’re ready to hit the big time you can start looking at becoming a drop shipper. You’ll need to figure out what you want to sell and find a wholesale supplier to purchase your product from. Be careful, watch to see how many people are selling the same item on eBay. If eBay is saturated with the items you are thinking about selling, think twice about it. Chances are you may not get pricing that will allow you to compete with more established drop shippers. A clue to this may be if everyone is selling the same item with only a small difference in price (pennies even). All of these people are competing and have a very small profit margin after considering shipping costs, PayPal and Ebay fees. Another concern of drop shippers is when they list items on eBay and their supplier sells out of the item. This will lead to poor feedback as buyers will expect reasonable ship times and the seller won’t be able to deliver. So, do your homework before signing up or coughing up your credit card or PayPal info. Check out some of the free drop ship suppliers listed in the ads on this page. There are several forums about this subject a quick search will reveal some real horror stories about wholesalers. Good luck, have fun and enjoy your new found wealth. Whether you’re looking for gas money or to make your mortgage payments it can be done with eBay.