I have been decluttering a lot lately and rather than just giving away items of value, I decided to see what I could get for them on Ebay. I am probably in the huge minority, but I have to admit that until this week I have never bought or sold anything on Ebay. I know, how very 20th century!
I have always been wary of Ebay. Everyone seems to use it with ease, but until recently I just wasn't motivated enough to learn what was involved and how to do it. I found the guide to Ebay selling on Money Saving Expert useful for a complete novice like myself.
If there is anyone out there (apart from me!) who has never used Ebay, basically all you need to sell something is a vague idea of how much your item is worth (check out completed listings on Ebay to see what has sold before and at what price!), a small amount of money upfront to list an item for more than 99p (although there are often free-listing weekends to encourage people to sell), and a digital camera to take photos of your item. You also have to register with Paypal to send and receive payments.
I decided to list some things that were not hugely valuable as a tester. A couple of coffee table books, some perfume I didn't like, that kind of thing.
The first thing I noticed was that you get a lot of “watchers”. These are people who are keeping an eye on the lot, but are not currently bidding. A quick Google search confirmed my assumption that they are usually either other sellers researching how much items are selling for or people who may decide to bid at the last minute (but often don't).
For an extra 6p you can add a “Buy It Now” option, to set a price for people to just buy the item for outright without bidding and waiting until the auction ends. I did this with one of my lots and it sold within three days. I based the price on what other people had sold the item for.
I'm quite excited to see how the rest of the lots pan out though. A couple have low bids on them already, but apparently the last couple of hours is where the real fun is to be had! I'm going to put any money I make into my Emergency Fund to try and beef it back up a bit!
Any experienced Ebayers out there with some tips for a newbie? :)