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How to Maximize Profits on eBay

Contributor
By eHow Contributing Writer
(4 Ratings)

The online auctions website eBay offers one of the easiest ways to start a home business. With work, anyone can start selling on eBay to earn extra money, or even for a full-time income. It is crucial to research the market before beginning an eBay auction to maximize your profits.

Difficulty: Challenging
Instructions

Things You'll Need:

  • Internet connection
  • Computer
  • Items to sell
  1. Step 1

    Research past auctions to see what sells well. Choose a few items, and search through their completed auctions to see which ones sold and for how much. Remember the prices, so that you don't pay too much for inventory items.

  2. Step 2

    Locate the items that will sell the best based on your research. Buy items for the lowest possible price to maximize your profits. Offer to buy in bulk to get lower prices for your eBay auction inventory. Refer back to your research, and do not pay too much for your product.

  3. Step 3

    List your items with an eye to what time the auction will end. Listing in the middle of the night will limit how many people will see the auction when it is ending. List auctions at a time when more customers are likely to see the auction.

  4. Step 4

    Use description search words as your title. Many eBay buyers search on specific words that best describe the item, so you can attract more buyers by creating a search word title instead of using more common or typical words. Look at similar items to see what words the sellers have chosen for the same product.

  5. Step 5

    Start the bidding as low as you can for the item. Selling the item for the minimum should still bring in a profit, though. Selling for more than that price will simply increase the profit.

  6. Step 6

    Take good quality pictures of items you are selling. If you are taking photos of items, and not using a photo from elsewhere, make sure the photograph does the item justice. Use proper lighting, use a background that contrasts with the item, keep clutter out of the background of the picture, and take photos at different angles.

  7. Step 7

    Set the shipping price for an amount close to the actual shipping. Inflating the shipping price too much will drive away buyers, while not charging enough will eat into your profit.

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