Sunday, July 19, 2009

Make Money by Selling Online

Sorry for the lack of posts lately. I was busy filling up orders from eBay and my Etsy shop these last couple of days which brings me to the topic of making money by selling on-line.



eBay:

Sell your junk and declutter your house. If you have anything laying around your house just collecting dust that might be usable to others, why not list it on eBay and make a few bucks? I’ve sold a lot of things over the years through eBay. I’ve sold clothes, old scientific calculators, dog outfits and carriers, etc. pretty much stuff that we no longer need or use.

I’ve also sold coupons online. Technically, they’re not paying for the coupons as those are free but for your time and effort to collect, list, and mail these coupons to the buyers. Some of the coupons I’ve sold are Gymboree coupons, formula coupons, and home improvement store coupons. They cost me nothing and after the eBay and Paypal fees and the cost of a stamp, I’ve made a few bucks out of it.

By the way, there are tons of Gymboree coupons out this month on magazines such as Good Housekeeping, Oprah, and Parents. Luckily, I have GH and Parents subscription already. Other places I’ve gotten these coupons are from the doctor’s office (I also work in one) and the library. If you want to know the scoop on Gymbo coupons, check out http://Gymbofriends.com.

Buy and Sell: After I got some experience selling on eBay, I then started purposely buying stuff to sell on-line for a profit. Yes, there are men and women out there that actually make a living on eBay. The hardest part for me was deciding what product to focus on. Sure, I could randomly buy stuff and sell them on eBay but figuring out how to ship it and how much to charge is a huge headache. I once got diaper bags for dirt cheap but wasn’t able to sell them because the shipping alone was twice as much as the bags!

So, I focused on products that I’m actually familiar with and can be mailed easily and cheaply. One of my hobbies is making hair clippies for my daughter. I know how much clips, ribbons, and appliqu├ęs cost. With a little bit of research, I found out where I could get these supplies on wholesale prices. Best of all, these are small enough items that can easily fit in a padded envelope or a small box. I use the Automated Postal Centers at the Post Office to mail these and never had to get in line for the cashier. What a time saver!

Figuring how much to price an item to make a profit is a bit confusing as you have to factor in the cost of the product, eBay fee, Paypal fee, and shipping. Lucky for all of us, here’s a nifty little calculator that will all do the calculating for us. It’s called the eBay calc by Ryan Olbe at http://www.rolbe.com/ebay.htm

Also, you might to check out this article about making profits on eBay. It's free and you have nothing to lose as long as you REMEMBER TO CANCEL after the 14-day free trial period.

I'll post about Etsy next time. See you then!

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