The trend for de-cluttering has hit us by storm, especially us Millennials (yes you’re still one up to 34!) who would apparently rather spend money on experience than material goods. So whether you’ve just finished Marie Kondo’s new book and tidying is your newfound hobby, or you just want a bit of extra cash for you holiday lets head to eBay turn that crap into cash.
I used to think it was such a faff to put things on eBay and how could anyone be bothered? Then I made £70 on an old skirt that didn’t fit and I was hooked, I could finance my new wardrobe with my old one!
So once you’ve done the wardrobe clear out and you’ve got your pile of old clothes ready to find a new home. Make yourself a cup of tea (or big glass of wine) and open the laptop.
- Research what you want to sell – Look up the item on eBay. What kind of price has it actually sold for, not just what other people are listing it for. What is realistic to list yours for? Look at how successful sales have described the item and labeled it. What title did they use to encourage people to take a look? If you find out you have a hidden gem you can start the auction a bit higher, added a buy it now or put a reserve price on it (just bear in mind eBay’s minimum reserve price is £50) it may take longer to sell but then you wont end up short changed.
- Add as much detail as possible to your listing – Take good photos in good light so people can clearly see the item. A white de-cluttered background is best. I see so many crumpled up items laid out on the floor on eBay and that just doesn’t show it’s potential and it’s going to persuade people to pay good cash for it. Add in promo photos from where it was originally sold or outfit ideas.
- Help buyers find your listing – What would you need to search for to find your listing and include that in the title? Is there a fashion trend it’s a great example of you can mention? “beautiful Boho layered dress’. Does the product have a specific brand name or product title that people will be keeping an eye out for?
- Sell your item – Don’t focus on why you’re getting rid of it, what’s great about this item? Why would someone else enjoy it and get a whole new lease of life from it? Include the details from the original listening on the brands website. This will undoubtedly show it in the best light. How much did it sell for new? Show how much of a bargain they are getting. Suggestions of what kind of event to wear it to, what clothing it goes with. What body shape does it flatter?
- Be completely honest – This goes without saying but you need to be honest and include all the details in your listing. Not just because your selling an item and are responsible for it, but people will return or complain if it’s not as described affecting you reputation on eBay.
- Likewise make sure you’re covered – Take photos of any defects and make sure they are clearly listed in the description. Point out any repairs or faults that would impact the value of the item. If the item is worth a lot of money make sure you send it signed for and get proof of postage and use insurance if its an electrical item.
- Think about the auction time – Schedule to finish in the evening, the weekend is better. No one is going to be watching an eBay auction at 10am on a Monday, so you won’t get as good a price!
- Price it right – Looking at how other similar items have sold should give you a good idea of what to sell for and whether to auction or ‘Buy it Now’. But eBay will also advise you what similar items sold for. If you’re doing an auction start on the minimum price you’re will to let it go for because you may just get the one bid. If you’re doing a ‘Buy it Now’ go a little higher than it usually sells for as most buyers will get in touch with your to ‘Make an Offer’ and then you’re more likely to get a price you were expecting.
- Post as quickly as possible – Once you’ve received payment aim to post within a couple of days. You are offering a service that people feedback on! Be ware of what constitutes as large letter, small package.etc as you don’t want to get stung with a huge postage bill for something you sold for 99p! And, don’t forget to include the price of packaging in your postage as you’re going to need to get an envelope to put it in as well, or recycle an old one. Keep the planet green!
- Customer service – You want to get good reviews, this is an invaluable currency on eBay that enables you to sell more items but also is an important proof point when people are deciding to buy from you. You’re ranked on whether the product was as described, good communication and efficient postage. So don’t package in a crappy plastic bag if you’ve charged for postage. Make sure the item is clean and ironed if possible. Respond so any questions in a reasonable amount of time. Likewise leave feedback on buyers so you get feedback in return.
Finally don’t forget eBay takes a cut so budget for that coming out your Paypal account at the end of the month and keep an eye out for offers. eBay often does ‘don’t pay unless you sell’ or money off listings, so take advantage of these for your second eBay haul.
Anything I’ve missed? What are your top tips for being a savvy seller on eBay?
Originally posted on Mouthy Money.