Wondering how to make money on eBay?
I made $5,000 in sales in my first 3 months on eBay.
By finding items that people wanted to buy and that I could sell for profit…
But it’s not that easy. You have to know where to find what you are going to sell. More importantly, you need to know what type of products you can sell for a profit.
I’m going to tell you about 3 tools I use for finding profitable items to sell on eBay.
They are all super effective if you put in the time and effort. In fact, there are people that make a full time living selling on eBay.
It is 100% possible if you use the right tools and stick with it.
Even if your goal isn’t to replace you full time job, selling on eBay can be a great means of generating extra income.
Plus, you can do it year around and start and stop as you please.
Do you have an eBay account yet?
You need to make sure you open your account immediately.
Doesn’t matter if you know how to make money on eBay if you haven’t even opened an account yet.
If you have never sold anything on eBay before, you need to start selling stuff ASAP.
This “builds” up your credibility with eBay.
This is critical: it shows eBay you are a trusted seller.
The faster you do this, the faster eBay will increase the number of items you are allowed to list!
eBay puts all new accounts through a “probationary period” to make sure new sellers are legit, will ship on time, and are selling quality products.
It takes about 90 days for eBay to fully vet new sellers.
But if you do things right, you should see your listing limits begin to increase in about 30 days.
Here’s a tip for selling things quick:
Find 10-20 cheap, small toys at your local retailer and list them.
Don’t worry about making a profit.
Your concern is making quick sales and getting positive feedback quick!
Toys sell quick and often. This will generate you sales and positive feedback.
Once you have eBay account up and running, these are the tools you will use to supercharge your sales:
The best part time job in your area is buying other people’s “old stuff” for cheap and reselling it online.
This is called “arbitrage”: essentially taking advantage of price differences in the market.
And it’s one of the best ways to start a side hustle.
You buy an item for $1 and sell it for $20.
Seriously, it’s that simple.
You just have to know where to look and what to buy.
One of the amazing things about the “global” economy is that there is almost always someone out there willing to pay a higher price for an item if they can’t find it themselves. Why?
Because some items simply aren’t available in all areas. Many times the hottest items are sold out locally at retail stores.
So consumers are forced to purchase online.
This works even better for more unique items such as collectibles.
Know the best place to find collectible items that someone else is just giving away?
Garage and yard sales!
Everyone has driven by hundreds of these over the years. But you could be driving right past profit.
Garagesalefinder.com is a great source to find local garage and yard sales in your area.
There are thousands of sales every week. They also have some great features.
Most sellers list the type of items they will be offering for sale (i.e. tools, collectibles, furniture).
This will give you a decent idea of whether it may be worth the trip. Also, you can create a “route” if there are multiple sales in your area and you want to hit them all!
Once you find the sales, though, you will need to know what to look for…
Terapeak is an exclusive research tool for eBay.
Want to discover how to make money on eBay?
Use their own research tool to uncover what’s selling, for how much money, and when.
This really is an amazing tool and it’s available to you as an eBay seller.
It provides you a real time insider’s look at eBay’s entire marketplace on demand.
It’s included in your account if you have at least a “Basic Store” ($21.95/month with an annual subscription).
Otherwise you can subscribe to it as an add-on for $19.00/month.
But if you are serious about selling on eBay, you should subscribe to at least a Basic store.
Why is this tool so effective? Here’s what you can with it directly from eBay itself:
Let’s take it for a test ride.
Let’s say we want to sell something super popular during the holidays…
Specifically, Lego toys are a huge seller.
As you see, there were over 150,000 Lego sets sold on eBay in the past 365 days.
But more importantly, sales spike beginning in November.
The lesson? You should start listing these items in October or early November.
You can use this tool for any type of item.
Even if you have an item you want to sell but don’t know the best brands to focus on.
Go to “Sourcing Guidance” and type in the item (in this case “dress shirts for men”)
You can check out the seasonal trends and what the top selling brands are:
If you don’t know what to sell on eBay, use this feature and you can literally find millions of items you can potentially make a profit with!
Sometimes you won’t have time to dive into the research.
Maybe you don’t want to do the research yourself.
That’s fine. Because there are experienced sellers that will do it for you.
And they will share all of their expertise with you.
Everyone wants to start a side hustle for different reasons. Some are looking to supplement their income long term. Others need money quicker than that.
The one thing about flipping on eBay is that you can make significant money quick.
But most sellers don’t know how to make money on eBay because they don’t know what to sell.
They also end up missing out on hot selling profitable items because they learn about them too late.
Being able to take advantage of what the market is buying at any particular time is crucial to making serious money on eBay.
But how can you possibly know what the hottest items are before everyone else?
That’s where reselling groups come in.
I personally joined Products for Profit at its inception in March 2020.
I had never been a part of a group like this and it has far exceeded my expectations.
So what is it exactly?
If you want to know how to make money on eBay or on any other platform, for that matter, joining a reselling group is a great way to accelerate your success.
With over 1,500 members as of this writing, Products for Profit is growing everyday.
It’s a group of like-minded individuals building their own side hustle by reselling on eBay, Facebook Marketplace, OfferUp, and Craigslist.
Many of the members are serious resellers who make full-time incomes buy selling online.
The main feature is weekly webinars that feature the latest hot selling items which you can find at different local retailers like Wal-Mart and Target. The best part is these are items that you can sell for profit…that’s the goal!
You can pick from short term “flips” (items you can sell quick for profit), long term “flips” (items you hold for a period of time until the market value increases), or a combination of both.
Because the market is constantly changing, you have to take advantage of seasonal and societal trends.
There are extensive Discord and Telegram chats where members share new items they find along with the recent “Sold” prices of the same items on eBay; members answer questions about how to ship items; and you have a constant stream of opportunities to find items that you can source locally and sell for profit.
Joining a premium group isn’t for everyone.
In fact, while I would suggest that everyone gives it a shot for at least 30 days, some won’t be able to commit the time to it.
As with everything, the group provides all the resources you really need but you still have to do the research in order to take advantage.
Some of the downsides to being part of a group is the sheer amount of information available to you.
It can be overwhelming especially if you are new to reselling.
Again, this is also an advantage to joining a group: you will learn from other experienced resellers if you dedicate the time to it.
There are other reseller groups out there but I prefer Products for Profit because of the sheer number of items the group identifies.
With the number of experienced resellers who are a part of the group, it makes selling on eBay much more efficient.
Many members have generated thousands of dollars in sales since the group’s inception and there’s no end in sight.
You can check it out and join today by clicking here.
Want how to make money on eBay?
These 3 tools will find your profitable items to get you started.