*If you follow this guide step-by-step I guarantee that you will make extra money in the next 24 hours or less.
I strongly believe that if you have never made money or sold anything on the internet before you should get your feet wet by selling on eBay. Plus, once you make your first dollar online you’ll be hooked. Being able to prove to yourself that you can make extra money online is huge and should not be overlooked.
Even if you sell your first item for $10, the simple fact that you now know that you can offer something for sale online and make money means that you have successfully cleared a hurdle that a lot of people never get pasted.
Before you dismiss eBay as being “old hat”, “so 2001” and not the best way to make money these days please let me tell you about how I generated over $35,000 in profits (and racked up a ton of airlines points from buying merchandise with my travel rewards credit card – but I’ll save this story for another day) in about 12 months time. Yes, this was a side income for me… not a full time gig by any means.
Selling on eBay is quite simply the easier way to start generating additional income online because eBay is the world’s largest online marketplace with over 94 million active users. You don’t need to go out and find a buyer… they come looking for you!
Back to 2003 I registered my first eBay account and since then I have been involved in over 1,500 transactions and have generated a lot of additional income. I do remember how daunting it was to sell my very first item so I wanted to assure you that it is very simple.
It only takes 5 easy steps and you can list your very first item for sale today! If you follow these steps exactly, I guarantee* that you will make money in the next 24 hours:
Step #1: Sign Up
The first step is fairly obvious, you’ll need to sign up for an eBay account
Step #2: Set Yourself Up To Receive Payments
The next step involves getting paid (the best part!) sign up for a PayPal account. Make sure to sign up for the “Premier” or “Business” account so you can send and receive payments. The “Personal” account is for people who only shop online.
Step #3: Find An Item To Sell (hint hint: iPhone, iPad, iPod or Smartphone)
The next step is finding an item to sell. I would recommend starting with items that you have around your home that you no longer want or need rather.
Some of the obvious choices are things like iPods, iPhones/smartphones, iPads/tablets, cameras, shoes, event tickets, art, sports equipment, books, etc.
Since I want you to experience the feeling of making extra money online in the next 24 hours I want you to pick one of the following (if you have one that you want to sell):
- Other smartphone or tablet
I highly suggest you find an item that has value, like the ones listed above, as you want your first eBay auction to result in a successful sale. Keep in mind that the smartphone or tablet do not need to be the most recent model nor do they even need to be in working condition. I once sold a broken iPhone for over $100.
Step #4: Know The Value of Your Item
The second last step is to know the value of your item. You will want to conduct a search on eBay to see what your competitors are selling the same item for.
The best way to do this is to log into your eBay account (you’ve signed up right?) then click “Advanced” beside the search bar. In the advanced search options you will check the box beside “Completed listings” in the “Search including” section, enter your item you’re hoping to sell and then search.
Searching for completed listings will show you what items sold for (or didn’t sell for) which will give you a better idea of what your item is worth.
This is the most important step and the only way I can guarantee you’re going to sell your item and make money in 24 hours: Set your starting price at $0.01 with no reserve.
If you are selling an in demand smartphone, tablet or iPod I guarantee your item will sell in 24 hours and you will make money.
A quick note about $0.01 starting price: I have tested many different ways to price items on eBay. Fixed price, $0.01, 80% of what I hoped the item would sell for, etc. I have never had an auction for an in demand item that I started at $0.01 sell for significantly less than it was worth. Sometimes starting an auction at a penny can actually work in your favor since, typically, the more bidders that get involved the higher they drive up the price of your item.
Step #5: List Your Item
Next you will need to list your item for sale. In this short video I will walk you through how to list your first item on eBay. You can also read the detailed steps with screen shots below. (Screenshots showing each step are below the video).
[VIDEO coming soon]
[SCREENSHOTS coming soon]
Step #6: Get Paid a.k.a. “The Best Step”
If this is the first time you have ever sold anything online you should feel satisfied and you should be very proud of what you have done. I know that selling something on eBay isn’t the hardest thing to do, but this sale represent more than the PayPal balance represents. Making your first sale online can be the start of your journey to create a second, third, fourth or even fifth stream of income. One day you might look back this one measly eBay sale and say “that was the sale that started it all…”
Step #7: Ship Your Item
Now that your item has sold and you have been paid (make sure to double check PayPal to make sure the payment cleared and it says “okay to ship”. Once you have confirmed this, you will need to package up your item and ship it to the buyer.
Shipping Tip: If you are going to send is United States Postal Service (or equivalent wherever you live) I highly recommend that you add, at minimum, the “delivery confirmation” option to the shipment. That way you will be able to enter a tracking number into eBay and PayPal and you will know that your item was successfully delivered to your buyer.
CONGRATULATIONS! You have just taken the first step to generating additional income online!
Step #8: Rinse & Repeat
Now that you are familiar with the process of listing items on eBay go for another walk around your house and try to find more items that you want to sell. Look for items like designer clothing, purses, shoes, sporting equipment, concert and/or event tickets, antiques, collectibles, electronics, etc.
Once you have sold everything out of your house that you want to sell, check out local garage sales or craigslist for items that you think you can buy and resell on eBay for a higher price.
*My Guarantee: If you list an iPhone with a starting bid of $0.01 with no reserve on a 24 hour auction on eBay and you correctly describe the item and include pictures I guarantee that you will sell your item and make money in 24 hours or less. If your iPhone does not sell and you followed each and every step exactly the way I describe I will personally relist your item on my eBay account with a staring bid of $0.01 USD with no reserve and guarantee that it will sell.
Disclaimer: By starting your auction at $0.01 USD with no reserve you understand and acknowledge that you might sell your item for $0.01 USD. You agree to indemnify and hold harmless the author of this post, VOSA, the owner(s), agent(s), family(ies), and anyone associated (directly or indirectly) to this site and guide.