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.

  • US ambassador recovers from knife attack praised by N. Korea
    US ambassador recovers from knife attack praised by N. Korea

    The US ambassador to South Korea, Mark Lippert, was recovering from surgery Thursday after having his face and arm slashed by a knife-wielding activist in an attack applauded by North Korean state media. The United States condemned the "act of violence" which saw the ambassador rushed to hospital where his condition was described as stable after two-and-a-half hours of surgery that included 80 stitches to a deep gash on his right cheek. In a brief despatch, North Korea's official KCNA news …

  • Sy moves up, Villar enters Forbes list of billionaires
    Sy moves up, Villar enters Forbes list of billionaires

    Eleven Filipinos are included in Forbes’ 2015 list of richest people in the world. Filipino-Chinese tycoon Henry Sy Sr. continues to be the wealthiest man in the Philippines. The 90-year-old SM supermalls, banking and property tycoon ranked 73rd among the world’s richest with an increased net worth of $14.2 billion from $11.4 billion last year. Sy’s net worth was attributed to the continued growth of his SM Investments Corp. and his more recent venture, the City of Dreams Manila resort and …

  • US billionaire says WWII Japanese ship found in Philippines
    US billionaire says WWII Japanese ship found in Philippines

    Microsoft co-founder Paul Allen said Wednesday he had found one of Japan's biggest and most famous battleships on a Philippine seabed, some 70 years after American forces sank it during World War II. Excited historians likened the discovery, if verified, to finding the Titanic, as they hailed the American billionaire for his high-tech mission that apparently succeeded after so many failed search attempts by others. Allen posted photos and video online of parts of what he said was the …

  • New Moro rebel group emerges
    New Moro rebel group emerges

    A radical Muslim cleric trained in the Middle East and considered one of the leaders of the Bangsamoro Islamic Freedom Fighters (BIFF) has broken away from the terror group to form his own band of jihadists who are now reportedly providing sanctuary to bomb expert Basit Usman and at least five foreign militants, the military said yesterday. Armed Forces of the Philippines (AFP) spokesman Col. Restituto Padilla, citing reports from the field, said the Justice for Islamic Movement (JIM) was …

  • World's oldest person wonders about secret to longevity too
    World's oldest person wonders about secret to longevity too

    TOKYO (AP) — The world's oldest person says 117 years doesn't seem like such a long time. …

  • Pacquiao big hit so far in Vegas sports books vs Mayweather

    LAS VEGAS (AP) — Manny Pacquiao has always believed he can do what 47 other fighters before him have failed to do — beat Floyd Mayweather Jr. in the ring. …

  • Australian drug smugglers being taken to Indonesian island for execution - media
    Australian drug smugglers being taken to Indonesian island for execution - media

    By Jane Wardell and Beawiharta SYDNEY/DENPASAR, Indonesia (Reuters) - Two convicted Australian drug smugglers were removed from a prison in Bali on Wednesday to be taken to an Indonesian island where they will be shot by firing squad, Australian media reported. The planned executions of Myuran Sukumaran, 33, and Andrew Chan, 31, have ratcheted up diplomatic tensions amid repeated pleas of mercy for the pair from Australia and thrown a spotlight on Indonesia's increasing use of the death …

  • Jolo apologizes to Bong in visit
    Jolo apologizes to Bong in visit

    Cavite Vice Gov. Jolo Revilla wept and embraced his father as he apologized for the “accidental” shooting incident in their Ayala Alabang residence, the family’s spokesman said yesterday. Lawyer Raymund Fortun came out of the private room at the Asian Hospital and Medical Center in Muntinlupa City to speak to reporters, who were barred from entering the hospital compound during the visit of Sen. Ramon “Bong” Revilla Jr. …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options