How to Make Money Online by Selling Your Old Stuff on eBay
If you are looking to make $500 or more relatively fast, start by selling your old stuff! It costs almost nothing to list, so there are almost NO EXCUSES to stop you from making money online now!
What To Sell
Sell your used / unwanted stuff! Look for products that you would sell at a yard sale, like clothes, purses, video games, textbooks, etc.
How to Get the Products
Clean out your place! We all have bought something that we no longer use, so you could literally have hundreds of dollars sitting right under your nose!
How to Get Customers
Start by listing on eBay. Search for items like yours on eBay, check the COMPLETED listings to see if there are customers who want it and for what price
This is a cheap and easy way to start making money online, you already have the stuff to sell!
Eventually you will run out of your own stuff to sell, and move to retail arbitrage (“flipping”) or private labeling so you can have a steady stream of items to sell.
The biggest risk is that no one wants what you have to sell. Be sure to estimate your shipping costs and add it to the selling price. eBay will take ~10-15% of the sale price plus a few bucks to list the item. If you aren’t getting enough people to even see your listings, try to improve the title of the item, or invest in an eBay store to allow you to advertise your product listings.
Money Needed to Get Started
~ $10 for listing fees for a couple of products on eBay. Can’t get any cheaper than that!
Expected Profit (% of sale price)
~75%. It cost you nothing to find the products (it’s stuff you didn’t want). Just pay eBay fees and shipping or pass along the shipping cost to your customers.
Resources and Examples
Third-party links and resources. Commissioned links below.
This article is an excerpt from our eBook which is available on Amazon Kindle.
IMPORTANT NOTE ABOUT THE AUTHOR: Earnings and Legal Disclaimers: The author is a professional 20 year entrepreneur and his results are not typical. His experiences and those of his examples and students are not typical and not a guarantee you will make money. You may make more, less, or the same. There is risk of losing money in every new business. Individual results will always vary and yours will depend entirely on your individual capacity, work ethic, business skills and experience, level of motivation, diligence in applying information, the economy, the normal and unforeseen risks of doing business, and other factors. Additionally, the author is not a lawyer, CPA, or CFP and does NOT offer legal or financial advice. The author is not responsible for your actions. You are solely responsible for your own moves and decisions and the evaluation and use of information should be based on your own due diligence. Unless otherwise noted, all photos courtesy of Pexels attribution free license.