Many people start with eBay by selling an unwanted
item or two. Soon, they are scouring the
local thrift stores, second hand shops, and yard sales searching for items to
sell on eBay. There are countless books
available on how to sell on eBay.
We
are sure you have heard all the success stories of people paying a dollar or
two at a yard sale and then selling the same item on eBay for considerably
more.
Sellers
pay a small fee for each item listed. The
seller sets the minimum bid. The seller
sets how long they want the auction to run. Bidders bid just like in a regular
auction. The highest bid gets it.
Sellers can also set a buy now price for the item. A person who does not want to lose a
particular item to a higher bidder can then choose to pay the asking price for
the item and the auction ends.
When
it sells, if it sells, the seller will also pay a small commission on the sale.
Once
you receive payment for the item you sold, you must ship it to the buyer right
away. Remember to charge enough for
shipping so that you cover your total shipping cost.
Some
people make a good living using eBay and/or selling local using Craigslist and
other similar services. Be careful with
meeting anyone face-to-face or giving anyone on the internet your address. It works well for some.
This information is based upon our last experiences with eBay
both buying and attempting to sell. The
service may have changed since that time so this information may not be
accurate or up to date.
Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life. The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.
Always consult a professional before you act on any of the information you find in this course.
Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.
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