Tuesday, March 10, 2009

How to Sell Your Stuff on eBay - Part 2

The drudgery of this economy is getting to me. Even I don't feel like consuming...it's as if the entire world is just holing up their cash under their mattresses! There aren't any sales with the major retail chains as of late. Big chains can withold inventory (which is what they are doing) while smaller boutiques are suffering and going out of business. One of these days, I'll take a tour of boutiques in NYC and see how the sales are there.

Onto eBay! After you've taken a picture of the item you want to sell, you'll need to start on the following list:
1) Register for eBay here. Registration is easy! After you register, you will need to create a Seller Account to start selling items. Easy to follow instructons are here.
2) Register for a Paypal account here. It's an easy way to send and receive money without exposing your bank account or private information. Almost all eBayers prefer to receive or send payments using this method. You will pay a small fee to receive payments, but it is free to transfer that money from your Paypal account into your bank account.
3) Search for your item on Google, Amazon, etc. to see what the current value of your item is. I always search for my item (in a similar condition) on eBay. I bookmark a couple of these auctions and return later to see what price they ended at.
4) Decide on a category for your item. Searching also allows me to decide how to categorize my item. At the top of every auction, you can see what category the item is in. On the bottom of the auction, there is a link under "Other Options" that says "Sell one like this". This will bring you to a blank template to create your listing with the category already filled in.

Now, you are ready to start an auction on eBay. Next entry we'll go into setting your starting bid and shipping fees.

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