As I mentioned last week, I had never sold on eBay, although for years I had every intention of selling a beautiful, but heavy, handbag and never got around to it.

Why was I reluctant to sell on eBay?

I had a think about why I had avoided selling on eBay, and reached out to friends for their thoughts and experiences. Here’s our top concerns about selling on eBay:

  • Time consuming
  • A hassle
  • Not worth it financially
  • Items don’t sell, or sell too low

WHAT FUN, all the words you don’t want to hear as you embark on something new. Now I remember why I hadn’t bothered with eBay, it sounded too hard.

What’s a wealthy chick to do? There are more than a million sellers on eBay, are they all having a bad experience? Surely not, so I decided to make this work.

eBay – “ We can do this, yes we can” (sing to Bob the Builder theme, just because)

Spoiler alert – I found selling on eBay easy and definitely worth it financially as compared to the time invested. Like AirBNB,  the eBay site is easy to use and provides intuitive assistance.

First – what to sell?

I focused on quality clothes and handbags, although what you sell is unique to you. Why clothes and handbags? As a female, and it pains me to admit, I had too many of both!

I reviewed my wardrobe and if I hadn’t worn an item in 2 years it went on eBay or to a charity bin. In the end, more items went to charity than eBay, which is a nice bonus.

clothing-image

The items I sold on eBay were in excellent condition, from well known brands, and still fashionable.

Second – How to sell?

First you need to register as a seller on eBay, which was simple, especially if you already have Paypal. My advice, get a Paypal account, it’s useful on so many platforms

I decided to auction my items with a low reserve rather than listing a set price. This decision was based on the fact I purchased the items with the intention of wearing them, so any sale above $1 was a profit.

To avoid disappointment and stress, treat this as a financial transaction and limit your expectations of the final price. For those who complain that items sell for less than they are worth, let it go! The item is worth nil in the wardrobe, plus eBay is one of the largest markets in the world, and the market decides the value, not the seller.

Third – Comprehensive ad

My first step is to quickly review ads for items that are the same/similar, solely for tips.

Take lots of photos, front, back, label, packaging (if any), and write a detailed description. Pretend you are the buyer, what would you want to know? Mention the material, length, height, width, size, brand etc. The photos and detailed description help with both the sale and to minimise queries.

I listed 14 items and I only had 1 query, asking if the item was genuine, which is a reasonable query and I was not offended. This feedback is what led me to post photos of labels and packaging, plus a reason why the item had not been used.

Queries are great, it means someone is interested and your positive response may lead to a bid, plus you can use the feedback to improve the ad.

By the third item I could take photos, write and post the ad in less than 5 minutes, easy.

Four – Post the ad

I post ads for a week, and this is VERY IMPORTANT,

NO LOOKING until you receive an email from eBay with the results

stop

By following this tip you avoid a truckload of angst, wondering:

  • has anyone viewed the item
  • will anyone bid
  • does everyone hate my stuff
  • do I have bad taste
  • why are the bids so low!

Get over it, most of the action happens on the last day so let go of your curiosity, reduce your stress and let eBay do its work.

At the end of the auction period eBay advises if the item has sold, or not.If the item hasn’t sold it will relist, for free. If it never sells, so be it, it hasn’t cost you anything.

Five – send the item & get paid

It’s that simple and payment happens within 21 days, quicker as you build a profile.

Thanks to a “can do” attitude, and a rough plan, I sold 13 items for a very healthy profit. It wasn’t hard, and I am now an eBay convert for both selling and buying.

If you like what you’ve read and would like targeted coaching on becoming a wealthy chick (or dude), visit my new website www.wealthychicks.com.au (its in the final stages of construction) and sign up for a coaching package. I’d love to help you understand and remove the barriers holding you back from being happy, healthy and wealthy.

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