Not too long ago I was just another broke as a joke personal trainer who was barely scraping by living paycheck to paycheck.
I was constantly stressing about bills and basic living costs but I knew that for the time being it was completely necessary if I wanted to achieve my ideal lifestyle of making a living 100% online.
Working at a stressful corporate job for 8 hours a day was no longer an option for me because it simply drained all my creative ideas and energy right out of me.
For those of you that don’t know, energy and creative ideas are the lifeblood of any online venture and you need a steady stream of both to become successful.
Previously, I had spent 10 hours a day writing research articles on content mill websites about random businessmen and medical doctors which was mind-numbingly boring and only paid me a whopping $3.50 per article.
Sure I was making money online but obviously, that wasn’t going to cut it.
I needed something better that would pay me much more in exchange for my valuable time while allowing me to save my creative energy for other things such as Success & Strength.
Easy money was what I was searching for and one day I finally found it!
The Key to Making Easy Money
There are two ways to make money in this world.
The easy way (doing a small amount of work that will give you a large payoff in the near future) and the hard way (trading your life away for $15 an hour at some random dead-end job).
I don’t know about you but I prefer to make my money the easy way which is why I became obsessed with this whole online lifestyle in the first place.
You must understand that your time is precious and each minute that goes by in your life is much more valuable than the few pennies you are making working a normal 9-5 gig.
Using eBay to Make Your First Easy Money Online
Since the beginning of time, the most basic way of making easy money was to simply sell an object of value to another person for some form of currency.
The present day is no different and by doing this you can go from making $12 an hour to $12 a minute instantly.
You won’t really understand this until you do it for the first time. After that, you will realize how much time you were wasting working the conventional way for an hourly wage and curse out loud.
When I first started selling items online I used local apps such as OfferUp to sell to anyone who lived within 20 miles of me.
This worked well at first and helped me make over $200 cash in a single day which only required about 5 minutes of work.
However, it wasn’t long before I realized that meeting other people in person and depending on their word wasn’t a very solid foundation to build an online business on.
Most people would agree to meet up with me at specific times and locations only to never show up and never contact me again.
After this happened to me for the third time in one day I knew that it was time for a change.
Most of the goods I had to sell were used items and a quick google search let me know that eBay was the biggest and best platform to sell used goods worldwide.
I had already heard of eBay before but the one thing that had kept me away was the fact that I would have to physically ship items to customers myself.
I had never sent anything in the mail before and I was literally terrified of shipping things.
All I could think about was screwing up and getting poor feedback from customers.
Of course, I figured all of that out quickly and have maintained a 100% positive feedback rating on eBay after selling and shipping many items.
What Should I Sell First?
I have said it before and I will say it again…
Almost everyone in the United States has anywhere from $500 to $5000 worth of stuff that they no longer use and can sell on eBay.
Even when I was at my lowest point I still had enough junk to get me started with over 90 listings which ended up making me $1,318.90 in a little over a month.
With that said, get off your ass now and start sorting through your unwanted items so that you have a nice organized stockpile to choose from.
If for some reason you don’t have anything to sell, ask relatives and friends for any unwanted stuff that they have and cherry pick from them.
At this beginning stage of the game, you should only be looking to sell items that you can get for free so that you can make 100% profit margins.
PS – You can also check out the craigslist free section in your area as well.
Sign Up For Your eBay Account
Signing up for your eBay account is really straightforward and you can get started with the process by clicking here.
I recommend starting out as an individual seller with a free account so you can save money and make sure that you like this whole online selling game before you dig your heels in too deep.
Once you complete your account setup you will be able to list your first 50 items for free which is awesome.
Setting Up Payment Through Paypal
Once you have a nice stockpile of items that you can sell and your eBay account is set up, it is time to configure your payment system so that you can collect that easy money.
Simply move your cursor over your name in the top left-hand corner of the eBay page and go to account settings.
Halfway down the page you will see your Paypal settings and have the option to link your Paypal account to your eBay account with a few simple clicks.
If you don’t have a Paypal account yet click here and set one up.
Understanding eBay Fees
Since eBay provides free traffic to your store every day they have to have some way of being compensated.
Sellers who don’t use established platforms that already have traffic built in (Shopify) end up spending thousands of dollars on paid advertising each month to get potential buyers to their site.
Considering this fact, selling on eBay is incredibly cheap and valuable for people who don’t have lots of startup capital and want to make their first $1000 online fast.
Here is a breakdown of the fees that you can expect to incur when you make a basic gross sale for a $20 item in your store.
eBay Sale Example
Logitech USB Computer Controller Game Pad Sold for $20.
Paypal takes $.30 for processing your transaction and then another $.88 for a final value fee of your item.
Next eBay will also take their final value fee from your sale which will be 10% of the sale or $2.
After eBay and PayPal fees you also need to spend money on shipping the item.
Let’s say that the controller costs you $3.50 to ship and the small box you send it in cost you $.65 at the store.
After all the Paypal, eBay, and shipping fees you are left with a profit of $12.97 for your 20$ sale.
Not bad for 10 minutes of work that involved taking pictures of the item, listing it, and shipping it.
At that rate, you would be making $77.82 per hour selling on eBay.
You can use this eBay fee calculator to quickly find out what your profits will be after selling an item.
Creating eBay Listings That Sell
Alright, now it’s time to get to the good stuff.
In order for everyone in the world to see what you have to offer, you must create listings for your items that contain basic information.
Below I have outlined the process that you will have to go through each time you list an item.
The first step is to take pictures of your item (at least 3) so that potential buyers can see exactly what you have to offer.
Anyone that has a modern-day smartphone will be able to easily take decent pictures of their items without any problem.
Once the pictures are taken you can then upload them to eBay directly by using the eBay mobile app for IOS and Android.
The more pictures you take the better so don’t half-ass this part of the process.
If you don’t take great pictures people are going to react in one of two ways.
- They won’t even think about buying the item.
- Once they receive the item and it wasn’t as described they will open a case against you through eBay and seek a return and full refund.
I only had to through the return process once so far but I can tell you that it absolutely sucks.
The bottom line is pictures are the most important part of your listing next to your title. If you don’t take good pictures your items won’t sell fast leaving you with no extra money.
Creating an Item Description
Item descriptions have become far less important than they use to be on eBay but they are still necessary if you want to have the best chance at selling your item.
I always use the description area to give additional details on the condition of my items as well as any other important information regarding the sale.
The key is to never oversell an item because you don’t want to falsely advertise what you are selling and then get a complaint and return request.
If anything, I prefer to undersell my items rather than oversell them.
eBay is not the place to try and be a persuasive copywriter.
Instead, be transparent and truthful about any defects or wear and tear that any of your new or used items contain.
Titles and Keywords
eBay ranks your offerings based on the keywords that you choose to put into the title of your item.
Without the right keywords in your title, nobody will see your items when they search for them.
You can create great titles for your items by using any one of the many eBay title keyword generators online but I prefer doing it the easy way by simply stealing other titles that have recently sold.
Sold/Completed Items Price Research
Stealing titles from sold listings is done by searching for the item you want to sell using eBay’s filter system to only show sold items.
Not only is this a valuable way to get good titles, but it is also a valuable tool that must be used for pricing your item.
I like to scroll down the page and find the average selling price of the given item first.
Then I take the sold filter off and see what people currently have the item listed for just in case the market for my item has since fluctuated.
Failure to also research the current listing prices without the sold filter on has caused some of my inventory to sit for months and cost me valuable time and money.
Don’t make the same mistake.
Shipping and Handling Time
When you set up your account and list items, eBay is going to have you decide what your shipping and handling times are for your store.
This is a big decision and will have a huge impact on how frequently your items sell.
Nowadays, people want their items ASAP and you have to remember that you are now competing with other platforms such as Amazon that offer next day shipping on most items.
This is why I recommend selecting a shipping and handling time of 1 business day.
Doing that will boost you greatly in search rankings and also give you the coveted fast and free badge on your listing.
Honestly, it shouldn’t be that hard for you to pack and ship something within 24 hours and if you are serious about making money online.
Making Your First Sale and Shipping Your Item (U.S. Only)
Eventually, one of your listed items will be sold and you are going to get that glorious email notification from eBay that has a dollar bill emoji.
When this happens celebrate briefly and then prepare to ship your item out as soon as possible.
I remember shipping my first item and how nervous I was about the whole process.
If you get weird anxiety about new processes as I do, consider doing a test run by having a family member purchase something from your store.
This will give you valuable practice and set your mind at ease once you see that the item has reached its destination with no problem.
Believe it or not, the shipping process is really simple and boils down to this.
1 – Find a package or envelope that fits your item snug.
2 – Wrap your item in bubble wrap if it is breakable.
3 – Measure the dimensions of the package and weigh it using a scale.
4 – Click on the print shipping label icon in the eBay seller dashboard next to your sold item.
5 – Select the cheapest shipping option possible after you enter your package weight and dimensions. eBay will automatically show you what options you can use after you enter in your package dimensions so you don’t have to guess.
6 – Purchase and print your shipping label with your regular home printer.
7 – Attach the label to your package and drop it off at the post office. All post offices have a parcel only drop off box inside the lobby where you can leave your prelabeled packages without having to wait in line. If you have small light items to ship like a t-shirt you can simply throw it in one of the blue collection bins outside without having to go into the lobby. Just make sure you don’t toss it in the metered mail box.
Tip – You can have some free priority mail shipping supplies sent to you if you live in the U.S. Just understand that priority mail is not always the best and cheapest way to send your packages.
Doing the Math
After you make your first 50 eBay sales you will know if online selling is something that you enjoy doing or not.
If you decide that you enjoy reselling you can definitely invest your profits in buying actual inventory from various locations (garage sales, thrift stores, factories) and replenish your store with more items.
Scaling your eBay business up is just a matter of doing some simple math and being patient.
eBay stores have an average sell-through rate of 15 items per every 100 items you have listed in your store per month.
If you want to sell 100 items a month for a $10 profit and make $1000 extra you will need to maintain a 700 item store.
More expensive higher end items will require fewer items and so on.
I think you get the picture.
Running your first business on eBay will teach you many valuable lessons about the basic principles of entrepreneurship.
I believe it is the best way for anyone to get their feet wet running their own online gig and it helped me out immensely when I was first getting started.
Trust me, there is no better feeling in the world than knowing you made an extra $1000 in one month purely off of your own hard work and dedication.
Working for yourself and writing your own paycheck is medicine for the soul and keeps men happy and sane in this crazy world.
From The Man Himself –