How to Make Money on E-Bay

Back in my day, students weren’t all trust fund babies. Hell, we were so poor, we thought homeless people were overpaid. Some of us only survived by sprouting leaves and photosynthesising. Fortunately, I found my way ahead of the pack by using E-Bay. For four months, E-Bay paid my rent. And whilst it’s no longer the profit machine it used to be, there’s still ways to make money on E-Bay:

 

Eyes on computer screen

E-Bay: Like having complete strangers browse through your stuff

 

What is E-Bay

Yeah, stop sniggering. I have to explain this, because there are people who don’t spend half their lives online like a comatose slug.

E-Bay began as a website for people to auction their stuff. It’s free to set up an account, and other users can start bids on stuff you want to sell. There’s feedback reports on different sellers, so you can decide who to trust. Over the past few years, E-Bay has become more businesslike. There are now whole companies that work by buying and selling on E-Bay.

But there’s still room for you to make a buck! So sign up for an account, and follow these steps:

 

1. No Matter How Nonsensical It Is, Sell It

No matter how trivial, bizarre, or utterly useless it is, someone will probably want it. I kid you not. I have seen empty toy boxes sell for over $15. E-Bay is the ultimate way to clear out your cupboards. It pays better than the Karang Guni man, and accepts a wider range of junk valuable antiques.

 

Map of North Korea

I'm waiting for 2030, when China puts North Korea up on E-Bay

 

You can even sell non-existent items, like figments of your imagination. Although that takes a lot of creativity and a very thick skin. Whatever the case, you get the idea: if you’re going to dump something or give it away, try to sell it on E-Bay first.

 

2. Convert Discounts to Profits

If you see something on steep discount, you can sometimes convert it to real profit. Good examples are electronics, nostalgia items (like toys or old Atari sets), or clothes. It’s pretty easy to run across local discounts on these. Check their prices on E-Bay, and if the going rate is higher, buy the discounted item and auction it.

You can set the starting bid on E-Bay, so set the bid close to the discounted price.

 

3. Use Geography to Your Advantage

I made the most cash by E-Baying exotic items. At least, exotic to people living in Europe and the States. Things like Century Eggs (about 50 cents locally) sometimes sold for as much as $10 each. In fact, anything from a Chinese medical hall (from dried seahorses to herbs of questionable legality) can potentially fetch two or three times the cost price.

 

Century Eggs

Ancient Chinese manhood booster. Just looking at them will make her pregnant.

 

Just make sure that the amount you’re making covers the shipping. Also, you need to be detailed in your description; explain what it is you’re selling.

 

4. Sell Your Art Online

If you do any creative work (like painting, origami, model kits, etc.) then E-Bay is a godsend. Because it’s a free service, E-Bay is fast becoming the preferred point-of-sales for the lone artist. Even bands have gotten in on the act, promoting themselves on Youtube and selling their own albums on E-Bay.

 

Killer Robot Sketch

My art is a depiction of my inner soul.

 

Even if you’re just a hobbyist, consider putting yourself up for sale. It’s a good way to gain some publicity. Besides, it’s better off in someone’s display case than in your desk drawer.

 

5. Sell Your Services

You can use E-Bay as a service listing as well, if you’re selling a course or tuition or something. It’s got a wider outreach than most forums or physical bulletin boards. I used to sell product reviews and ghost writing services, which raked in a fair amount of dough.

So if you’re strapped for cash right now, browse around on E-Bay. Or even if you’re not looking to sell anything, you might find a bargain or two.

Image Credits:

s2art
Gilmorec
Skinnylawyer
FotoosVanRobin
Tomas Quinones

Got questions about E-Bay? Comment and let us know!

Get more Personal Finance tips and tricks on www.MoneySmart.sg

Click to Compare Singapore Home Loans, Car Insurance and Credit Cards on our other sites.



More From MoneySmart
Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Catholics organize to promote pope's climate change message

    NEW YORK (AP) — There will be prayer vigils and pilgrimages, policy briefings and seminars, and sermons in parishes from the U.S. to the Philippines. …

  • Forgotten for decades, fallen NY soldier finally honored
    Forgotten for decades, fallen NY soldier finally honored

    ALBANY, N.Y. (AP) — Carroll Heath didn't have it easy growing up in the Great Depression. His father wasn't around, his mother was a patient in a mental hospital and he kept largely to himself. Soon after graduating high school, he enlisted in the Army and wound up in the Philippines, where he's believed to have died sometime in 1942. …

  • APEC ministers to endorse Boracay Action Agenda
    APEC ministers to endorse Boracay Action Agenda

    Trade ministers at the Asia-Pacific Economic Cooperation (APEC) meeting in Boracay, Aklan agreed yesterday to endorse the proposed Boracay Action Agenda to the member countries’ leaders, presenting opportunities for global trade for micro, small and medium enterprises (MSMEs). In a press conference following the conclusion of the APEC Ministers Responsible for Trade Meeting, Trade Secretary Gregory Domingo, who also served as chairman, said ministers agreed to recommend the adoption of the …

  • Talks with China over sea row urged
    Talks with China over sea row urged

    The Philippines should engage China in bilateral talks in its efforts to maintain peace and order at the disputed West Philippine Sea, Sen. Francis Escudero said yesterday. Escudero supports the government’s move to bring the issue before international arbitration but also stressed the need for the Philippines to pursue talks with China. Escudero made the statement after UN Secretary General Ban Ki-moon on Friday called for a peaceful solution to territorial disputes in the South China Sea. …

  • House panel tackles bill on regular disaster drills
    House panel tackles bill on regular disaster drills

    The House committee on national defense is deliberating on a measure mandating the regular conduct of disaster risk reduction drills in educational institutions nationwide. Authored by Camarines Sur Rep. Rolando Andaya Jr., the bill mandates that risk reduction drills be held annually in all educational institutions throughout the country in coordination with the schools’ respective local government units. “The Philippines’ location along the Pacific Ring of Fire and close to the equator …

  • PCSO running out of funds
    PCSO running out of funds

    Philippine Charity Sweepstakes Office (PCSO) chairman Ireneo Maliksi has admitted that the revenue-generating agency is running out of funds as it continues with its mandate to provide financial assistance to indigent Filipinos. Aside from providing financial help to individual recipients, Maliksi cited at least 13 laws that mandates the PCSO to provide mandatory contribution to different government agencies. Just last week, PCSO released P100 million to the Commission on Higher Education as …

  • Cops receive mid-year bonus
    Cops receive mid-year bonus

    Active duty uniformed and non-uniformed personnel of the Philippine National Police (PNP)have received their mid-year bonuses. The PNP has released P1.9 billion for the mid-year bonus of the 155,000 active duty uniformed and non-uniformed personnel. The Directorate for Comptrollership released P1,933,664,893.50 through the Finance Service and subsequently credited to the individual ATM payroll accounts of active duty uniformed and non-uniformed personnel. …

  • APEC trade chiefs vow to speed up work in WTO

    MANILA, Philippines (AP) — Trade ministers from 21 Asia-Pacific countries on Sunday issued strong support to the World Trade Organization's efforts to boost global trade amid a flurry of regional free trade agreements. …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options