PAGE 1: Introduction to Selling on eBay & Fees

PAGE 2: The Planning Stage & What to Sell

PAGE 3: Research, Prepare & Where to Find Products

PAGE 4: Start Small and Grow Big

PAGE 5: Important Links and Starting Information

I have had many people here at WA and some outside who have asked me about selling and making money on eBay. I have been planning to do this training for several months now but was debating on whether it should be one long tutorial or break it up into two or three parts.

As you can see from the title of this tutorial, it will be at least two parts. There is just way too much I want to share from my 15+ years of selling on eBay. To fit it all into one tutorial is just not a viable option because there are too many selling options available to you.

CAN EBAY BE A FULL-TIME BUSINESS?

The simple answer to that question is yes, but only if you sell a lot of items every week, mainly few items every day. When you get to the early stages of this mass selling you will be known as a PowerSeller. There are a few stages of PowerSellers, all tied to how much you list and make per month.

In order to become a PowerSeller you must consistently sell at a specific level for a full 12 months straight and then maintain or sell more than the minimum requirement. Just like with any kind of online business it will take time and hard work to achieve your financial goals.

When beginning your selling on eBay you must first realize that your profits are going to be small and in some cases nonexistent in the beginning. This is because in order to sell on eBay, you have to pay them. Then in order to get your money you have to pay PayPal.

The minimum you will pay eBay to list an item is 30 cents. When an item is sold, eBay will take 10 percent of the total. Example: If you sold something for $90 + $10 shipping, the total the customer pays you is $100. eBay will then take $10, which is 10 percent of $100.

Now PayPal will take a minimum of 2.9 percent + $0.30 or $3.20 ($2.90 + $0.30). So after all of the fees are taken and shipping is paid for you will get $76.50. The breakdown is below.

Sold Price =========== $90.00

Shipping ============ $10.00

Total Received ======= $100.00 (Minus the Following)

SHIPPING

Cost for Shipping ---------- $10.00

FEES

eBay Listing Fee ----------- $0.30

eBay Final Value Fee ----- $10.00

PayPal Payment Fee ----- $2.90

PayPal Transaction Fee - $0.30

BALANCE DUE YOU == $76.50

NEXT UP = Planning what and how you will sell on eBay


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Dinh Premium
Great training on how to sell on ebay. Looking forward to the next part. :)
Someone was warning me of DS Dominiation and I'm glad you mentioned it.
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boomergp08 Premium
Thank you. I'm happy you liked it. I mentioned DS Domination because what they advocate is not real drop shipping and does not turn a real profit like drop shipping with a wholesalers does.

Because of DSD there are some online claiming that Drop Shipping doesn't work, when in actuality it does work. Only the DSD version doesn't work too well.
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carolb0701 Premium
Brilliant info (as usual!). Thank you. I'm looking forward to the next installment :)
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boomergp08 Premium
You are welcome and thank you. I hope to have Part 2 available in another week.
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RobertCO Premium
This is awesome, thank you!
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boomergp08 Premium
You are welcome. It was my pleasure in putting this together for the community.
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subra Premium
Thanks for Part 1 (How to Sell & Make Money on eBay Part 1).
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boomergp08 Premium
You are welcome. I hope it was informative enough.
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tomtitty006 Premium
I must tune into this next one,I do sell on Ebay but just the items I have.
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boomergp08 Premium
You should look into some of the wholesalers and drop shippers located at the 2nd link on the last page. It could give you an idea of what kind of other items are available, until I get the other training together.
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katzee Premium
I am very interested, too, Robert. I was contemplating finding items to sell at a market stall, but getting out there at 4 am in winter to secure a site and then compete with all the other sellers does not really appeal. Also, we had a bricks and mortar store, and it was always a real challenge to make a profit after the lease rent, wages, insurance and all the other overheads. It was only when we paid more attention to how, what and where we bought our stock that we increased our bottom line - that was our best bet - the same would apply to ebay, I imagine. I am keen to give it a try. Another great training course!
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tomtitty006 Premium
Thank you so much.
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boomergp08 Premium
It is always important to get your products from a source with the cheapest prices and for new items that is either a wholesaler or a manufacturer of goods. Buying products from places that sell close to retail prices is not a smart option.

This is why I made mention of DS Domination. They tell their members to copy Amazon's and other online retailers info, paste it in eBay, set a higher price, then when sold, purchase it from Amazon, have Amazon ship it to your customer and you pocket the difference.

But what they don't tell you is that you still have to subtract eBay and PayPal fees along with the monthly fee they are charging you. It is very important to buy new products at wholesale prices or as cheap as possible if you want to make a profit.
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Susieq57 Premium
Thank you. Tried DS Domination, couple of years ago, did not work! A part of their training dictates only free shipping, which on Amazon, is over 35.00. So you are taking maybe a $50 item, putting it up for sale on EBAY, free shipping, yet no one buys because there are 15 people selling that same item cheaper.
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boomergp08 Premium
That is one of the reasons why DSD doesn't work well. Finding products on Amazon does not provide enough of a profit margin because you are not purchasing at wholesale costs.
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