The easiest place to start is to have a look around your home and see what things you have lying around or stashed away that you no longer need or want. Perhaps some CDs that you haven't listened to in years, or some clothing that you will never wear again. You can have a tidy-up at home and convert your old belongings into cash!
If you haven't sold anything on eBay before, then this is where you can perfect your technique - experiment with different starting prices and listing lengths and have a look at all the listing features and options that you can set.
One thing to keep in mind is that you will most likely want to post your eBay items, so smaller and lighter items will keep postage down and more people will be likely to bid on your items
Garage sales and auctions
Once you have sold all your old stuff then you will need to find a source of things to sell. One very effective way of doing this is to visit garage sales and auctions in order to source cheap items that you can sell for a large profit on eBay. I would suggest arriving to garage sales later in the day when people just want to get rid of everything and aren't that fussed about what they get for it. Without being too rude, offer them a low price to take the lot - you will be surprised how often this works!
Over time you will develop an incredible sense for how much certain items are likely to sell for on eBay and will be able to buy (or not buy) accordingly.
New Products
New products can be very difficult to source at a price that will allow you to sell for a decent profit. Generally you would need to buy in bulk in order to negotiate an acceptable purchase price. I keep an eye on various sales and specials, especially internationally, and buy a large number of items to reduce the per-item shipping cost. It is very important when investing in stock in this way to ensure that you do sufficient research on whether the item is likely to sell on eBay, and what price you are likely to get. This can be done by selecting the "Completed Listings" option in search results (on the left of that page, near the bottom).
Item ideas
Here is a list of ideas for items that you may be able to source or make to sell on eBay:
- Books (fiction and non-fiction)
- CDs
- DVDs
- Jewellery
- Toys
- Clothing
- Computer Software
- Models
- Collectibles
I would suggest finding an area in which you have a personal interest, or specific knowledge and concentrating on one niche area and doing it well.
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