Having started in 1995, eBay has grown to be one of the world’s most popular online shopping platforms.
The likelihood that you’re looking for tips on how to make money on eBay isn’t surprising.
It’s no secret that eBay is one of the largest internet marketplaces. It’s one of the finest places to make money online, with millions of active users and almost two billion daily transactions.
All kinds of businesses can take advantage of eBay shipping. With eBay, starting a side hustle, earning extra cash, or building a company that you can scale is easy. It’s a lot like having online garage sales open at any time.
Save this article if you want to learn how to make money on eBay. If you’re going to get the most out of your time, keep this review close at hand.
Let’s get started!
eBay isn’t too different from most eCommerce courses.
Sure, their marketing makes some great promise you haven’t heard from the other eCommerce gurus, but at the end of the day, no magic bullet overcomes the massive pitfalls of this business model.
Let’s get something clear:
There is NOTHING passive about eCommerce, no matter how well most course creators sell the dream.
If you want that travel-the-world-making-money-while-you-sleep-laptop-lifestyle, eCommerce isn’t for you.
To run a successful eCommerce business, you need to be constantly on the lookout for new products.
Scouring the internet for hot trends and trying to find the next fidget spinner will take hours out of your day.
Not to mention, it’s not enough to just have the hot new product…
You also need to get the customers.
That means ads…
Lots and lots of ads…
Testing, tweaking, targeting, spending thousands if not tens of thousands of dollars before breaking even.
Not to mention, Facebook hates eCommerce, meaning one of your top traffic sources could shut you down at any time.
All of this leads to a very stressful life, not a lot of money, and a lot of time wasted.
Time that could be better spent so you can actually live the life you want.
Now, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Physical Products
- Low Margins
- Long Wait Times
- Angry Customers
- Thousands of dollars testing different ad campaigns
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day running ads, researching products, and trying not to get banned by whatever platforms you’re using?
If that sounds like something you’d be interested in, check out Digital Leasing.
This is nothing like eCommerce, and that’s probably a good thing.
However, if you’d still like to know more about eBay, keep reading.
How Much Does The Typical eBay Seller Make?
The typical eBay seller earns around $35,000 per year. Some of the highest earners earn up to $70,000 a year, while many earn just a few thousand.
It all depends on how much inventory you can sell, how much you charge for your items, and any additional charges, such as shipping materials. Educating yourself on other eBay statistics will help you navigate the site more effectively.
Is It Really Possible To Make Money On EBay?
eBay was launched on September 3, 1995. eBay has now become a household brand, with 183 million users worldwide.
People sell on eBay because it is straightforward to start and complete a transaction. You can have your eBay store up and running in minutes if you follow this advice.
Buyers visit eBay because it is a trusted site with an easy-to-use purchasing experience and low-market value products.
So yes, indeed! You can make a lot of money with eBay.
Why Sell On eBay?
Whether you’re a casual seller or a professional business, eBay can suit your demands. Here are some of the benefits of selling on eBay:
Millions of eBay Users: As previously indicated, around 183 million eBay users exist. Rather than beginning from scratch, you may join eBay and interact with buyers worldwide.
Auction Listings: One element that separates eBay from other markets is the auction-style listing. Bidding provides a one-of-a-kind and often entertaining buying experience.
You need to set a reserve price for eBay buyers when holding auctions. Having a low starting price can be beneficial too.
Extra Cash: Are you strapped for cash? You may increase your income by selling a few items on eBay. As a matter of fact, one lady even sold her bridal gown to pay for the bills.
How Can You Make Money On eBay In 2024?
eBay can be a fantastic business tool for building your internet presence when utilized correctly. Here’s how to start making money on eBay.
Step 1: Determine What You Want To Sell
Some individuals sell their unwanted items and manage their companies from the comfort of their own homes.
Some people are starting a little side hustle to make $500 each week on eBay. Furthermore, some suppliers are large-scale businesses with employees and a warehouse.
Here are some of the best eBay products to sell and make money off:
- Collectibles
- Clothing and footwear
- Baby products
- Mugs
- Autoparts
- Cosmetics
- Exercise equipment
- Games and toys
You can save money when you get your inventory also from yard sales.
Step 2: Create An EBay Account
When you’ve selected what you’ll sell, it’s time to open an eBay account. Fortunately, the technique is simple and takes just a few minutes to complete.
Sign up for an account at eBay.com. You will be asked for your name, email address, and password throughout the registration process.
A business account would be more suitable if you want to sell in significant numbers. When you sign up for a business account, you will be asked for your legal business name and phone number.
Step 3: Select A Subscription
Do you intend to grow your eBay business? You should consider the subscription choices they provide.
eBay presently offers five membership levels:
- Starter ($4.95 monthly)
- Basic ($21.95 monthly)
- Premium ($59.9 monthly)
- Anchor ($299.95 monthly)
- Enterprise ($2,999.95 monthly)
Take note that there are also other expenses like shipping and eBay fees.
Step 4: Create A Listing
It is easy to learn how to create an eBay listing.
At the top of every eBay page, click the “Sell” button.
This will urge you to enter details about your item, such as brand, style, selling price, color, and size.
Many listings from various merchants will display depending on the keywords you enter. Choose the item that best matches what you’re selling.
Click the List button on your eBay store.
Indicate the condition of your item (new with box, new without box, new with defects, or pre-owned).
Following that, you must submit your contact information, which includes your address and phone number.
After you’ve double-checked that the information you’ve provided is correct, click List your item.
Step 5: Adhere To EBay’s Best Practices
When you complete your eBay sale, ship your orders within the time limit stated.
Your ad will include your shipping costs, an anticipated delivery cost, and the processing time. eBay Sellers must ship the products within 30 days after receiving approved payment.
After receiving cleared payment, you should send the order within one own business day. You may also offer free shipping.
Another key aspect of your organization is to reply to consumer issues as soon as possible. You compete with other eBay merchants in this manner.
The following are the two most prevalent reasons why a customer would file a claim against you:
- The item does not correspond to the seller’s description.
- Item was not received.
Is eBay A Scam?
So, is eBay a scam? Not technically. You can make money with this program, but it’s definitely not as easy as eBay makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – you need to do a ton of volume to make any real money.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months, $3-5k in the hole on ads (because that whole “get started with $5 a day” thing is total BS) and then your reward is 15% profit on a $12 product (which comes out to $1.80), it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Leasing.
And, unlike eCommerce, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.
Are There Alternatives To eBay?
Yes, there are plenty of eCommerce programs and resources to choose from if you want to pursue this business model. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2024?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Leasing is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.
Why?
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With eCommerce, you don’t really own anything. You have no control over the quality of products. You don’t even own the products because they go straight from the supplier to the customer.
Yes, if you’ve got a Shopify store, you technically own that. But if every ad platform suits you down, you’ve got a store with no customers. Which is literally worthless.
With Digital Leasing, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Ok, so technically you don’t have to worry about inventory since you’re not filling up your garage or a warehouse with products. But, you still have all the headaches of a physical products business.
Since most dropshipped products come from China, you already have a 2-3 week wait time from when a customer places an order.
But right now, with global supply chain issues, your customers would be lucky to get anything in less than a month.
Imagine finally landing your first customer after months of experimenting, and then getting hit with a refund request or chargeback because they had to wait 6 weeks to get their order.
With Digital Leasing, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with eCommerce, you’d have to double your inventory, your profit margins, OR your average order value. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. 99.9% of the time, eCommerce provides no value to anyone but the seller.
In a lot of cases, it has a negative impact on the customer because of poor product quality and an overall bad experience (i.e. waiting 6 weeks to get your order).
And that makes it pretty hard to sleep at night.
But with Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like eBay which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.
reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.
