McMillan Memorial Library
Wisconsin Rapids, WI

Connect @ McMillan
Buying and Selling on eBay

BEFORE You Buy on eBay

How to Buy on eBay

  1.  eBay Learning Center - It's free, it's comprehensive, it's from a reliable source.

  2. Get an account. Once you register, you can bid and sell. Otherwise, you can only window shop.

  3. Find what you want. Most often, you will run a keyword search, but use the directories to your advantage.

  4. Badly listed items sells for less (if you can find them) as do badly described items.

  5. My eBay. Keeps track of purchases, sales, bids, watched items.

  6. Evaluate. 

  7.  Different ways to buy or bid.

  8. Paying for it.

How to sell on eBay

  1. Know what you are selling. What model number? How old? What condition? Warranty? Return policy?

  2. Auction or set price? Reserve? Display options.

  3. Enter details

    • Everything that will help the buyer.

    • Copy from manufacturer's site or have eBay fill it out for you.

    • Photo (one free). Note if it is a stock photo.

    • Payment options, such as Paypal, money order, check.

    • Shipping and handling. Insurance as an option.

    • Shipping restrictions.

    • Set a start / end time.

    • Every option costs you but may make the sale.

  4. Set a reasonable price. Check completed sales. Relisting takes time=money.

  5. Preview listing and fee.

  6. Be prepared to answer questions.

  7. eBay not the only site that lets you sell - Amazon, Etsy and others.

Sales income and expenses

Sale of a used DVD
Listed and sold  =  $.99
Shipping = $3.00 (the maximum for a DVD)
total revenue = $3.99

Shipping (USPS) = $1.72
Cost of mailing bag = $.40 (bought in bulk)
Paypal fee = $.42 (2.9% of $3.99+ $.30)
eBay fees
 Insertion fee = $.10 (no extras)
 Final Value fee = $.09 (8.75% of $.99)
Total expenses = $2.73

Net = $1.26
 

 

Located at http://www.mcmillanlibrary.org/programs/ebay.html

Last updated 01/21/2010