Making Money Online With Ebay

eBay.com, arguably one of the best known ecommerce site in the entire world, has always been a breeding ground for internet entrepreneurs, marketing geniuses, and other like-minded individuals. With the potential to make endless amounts of money and start your own business without ever stepping out of your house, it’s easy to see why eBay is such a popular subject in the growing arena of entrepreneurs. Still going strong after roughly twelve years of operation, eBay.com is a great place for rookies and veterans of the selling game to try their hands at making extra cash. Below are three ways that average people make money on eBay: 

1. Dropshipping. Although dropshipping on isn’t as popular as it was a few years ago due to fraudulent companies and scammers, dropshipping is still widely used and for established sellers, is a great way to make extra income. Basically, dropshipping is a method of selling an item where an individual retailer will advertise the product on eBay, sell, and collect the money for it, then contact a larger merchant or warehouse where the item is actually stored and have them ship the item to the consumer for a percentage of the profit. The consumer usually does not know that the larger merchant is involved in the process, and most of the time the dropshipper will let you include your own business name on the packaging, invoices, and receipts. To successfully dropship on eBay, one must do plenty of market research to see what is selling, and how much it’s selling for. There is usually tons of competition for the same product, so try to find something unique and trendy, and never get too greedy with price, as someone will always try to undercut you. 

2. Wholesale lots. Another method of making money on eBay is buying many pieces of one product at a time for wholesale price, and reselling the product individually. For example, a wholesale purchaser may buy 100 Ipod Nanos at $75.00 each, and successfully resell them at $125.00 each – essentially making somewhere in the neighborhood of $5000.00. That was just an example, but many people are having great success doing this on a daily basis. There are plenty of opportunities to buy wholesale products or lots off of eBay or other suppliers, if you’re willing to shell out the initial money. Keep in mind, you need to charge appropriate shipping costs, as you’ll be shipping out everything yourself. Shipping costs on top of listing fees and other related fees can eat your profit margin down to the point where it’s not worth it, so make sure you do the research and find a product that sells very well with less competition. With the holidays right around the corner, many opportunities are out there, you just have to find them. 

3. Buy low, sell high. A favorite method of average sellers, there are many different items that you can buy cheap from other sources and resell for a much higher price on eBay. Most of the types of items that fit this category are consumer electronics such as iPhones, iPods, laptop computers, car audio, and things of that nature. One of the best places to find this stuff for cheap is Craigslist.com. Craigslist, especially if you live in or near a major city, can be a real treasure trove of people unloading new and used electronics for dirt cheap. If you’re willing to spend the money up front, with careful research, you can find deals that will possibly makes hundreds of dollars of profit. This is a relatively unused method, but is arguably the easiest way to make money online for the average person with a little bit of investment cash. 

There are many more methods to making money with eBay, but the three above are probably the most popular, and easiest to get started with. I hope they help you on your journey to make money online.