Here at Home Money World we want to make things easy for you to get started and we believe that the easiest way to earn money from home without any investment is to sell your old stuff on eBay.
Why selling on eBay is one of the easiest ways to make money from home
eBay can help you tidy up your house. It’s probably a good idea to have a declutter every few months and clear out all those unused and unwanted items.
You can clear some space in your wardrobe, get rid of the old toys that the kids no longer play with or it might be your old exercise equipment that you have never got round to using.
Other items include –
- Mobile phones
- Electronic tablets
- DVD’s (Although these are worth very little nowadays)
- Electrical items
- Collectible coins
- Golf clubs
- Football boots
- Sports kit
The list of items you can sell to earn money from home without any investment really is endless as you can pretty much sell anything within eBay’s rules.
Obviously the more items you sell the more the money can add up. One man’s rubbish is another man’s treasure so you will be really surprised by how much some items can fetch.
You can also sell on Facebook market, Shpock or Gumtree but this article will focus on eBay as you are able to sell to a much larger audience. You can sell large items on all these platforms with a greater local response likely from Facebook.
I have tried listing a number of items on eBay, Shpock and Facebook for collection only and Facebook had much more interest and the items were sold fairly quickly.
However this was larger items that didn’t really suit posting and could be collected easily by somebody living locally.
Shpock in my opinion was the worst performer with very little interest. eBay however does allow you to reach a much greater audience across the UK but also internationally as you are able to sell to eBay’s other international sites.
It’s more complicated to work out the postage but provided you do your homework beforehand it’s straight forward once you have done it a few times.
Setting up an Account
As eBay themselves say “Whether you want to make some extra cash, clear out some unwanted items from around the house, or even start a business, it’s easy to start selling on eBay.”
Even if you haven’t used eBay before it’s really easy to set up an account and start selling your old unwanted stuff. If you want to know how to go about setting up an eBay account then click here.
You will need to have an email address and a Paypal account.
Probably the easiest way to get started is by using eBay’s mobile app. Once you have the app downloaded on your mobile it really does become a doddle to take a quick few photos of the item, brief description, set your buying price if Buy it Now or start an Auction.
Select the length of time and postage options then in a few minutes the listing is ready and you can view it before it goes live. Be sure to keep a check or change your app settings so that you can be alerted as soon as anyone has a question or places a bid or actually buys your item. This useful article gives helpful guidance on how to use the mobile app.
Pointers for selling on eBay
Build up feedback first
It’s a good idea to build up some feedback before you start using eBay as a way to earn money from home without any investment.
This gives buyers the confidence that they are buying from a trustworthy seller.
There are thousands upon thousands of cheap items you can buy on eBay from makeup to socks.
If you buy a few items and try to get up to 10 positive feedbacks this will really help to establish you as a trusted eBay user.
You will also gain a good idea of how the site works and is especially important if you want to try selling something more expensive like an iPhone.
There are certain items you can’t sell or are restricted on eBay: Restricted Items
You need to click the blue plus sign and this opens up the full list and includes – Alcohol, Food, Firearms Knives, Adults only. Click the underlined heading to see more information on the restrictions for that type of product.
eBay uses its own algorithm that brings up relevant items when somebody types in a word or phrase into it’s search bar. It’s a little like a Google search. In order to give your items, the best chance of being seen by people that are searching you need to use as many relevant keywords as possible.
You can use a keywords tool like Titlebuilder to help with this – TitleBuilder
Just type in two keywords to describe your item, select the relevant country and Titlebuilder will give you all the keywords most searched for on eBay.
You can also do a manual search using eBay’s own search box. Do the same again and eBay will come up with suggestions.
A Google search will also do the same thing but may be less relevant as these are general Google searches and not necessarily searches for eBay items.
Use nice clear images and plenty of them. People like to see details of what they are buying. Use a light background to make it stand out. eBay allows up to 12 pictures so use them and take pictures of as many angles as you can.
Take just a few extra minutes to give as full a description as you can. Again people like to have a full description of what they are buying and are less likely to want to return it if you have described it accurately.
Ensure that you point out any faults with the item as people can give you bad feedback for mis-selling or inaccurately describing the item.
Fill in as many of the filter options boxes as possible as people do filter down and the more selected the more searches your item is likely to show up for.
Pricing your item
Use eBay’s suggested pricing if you are unsure what price to set something. The app now gives you a trending price for most items. I would take this with a pinch of salt though unless it’s an auction listing.
I prefer to check previously sold items myself and use that as a gauge as eBay’s suggestion can sometimes be way out on what you could potentially charge. For example I sold some of my sons Xbox games, which checking on previously sold items looked to have made between £12 and £15. eBay suggested £6 or £7 but I put them on at £14.99 including postage and they sold the same day.
Length of listing
If you use Buy It Now you can list for 30 days so it doesn’t matter when the listing starts and ends. However with auctions it is better to have your listings finish at the busiest days or times of the week. Evenings and weekends in particular Sundays are the most popular times that people are shopping on eBay.
So for a 7-day auction start the item on a Saturday or Sunday so that it finishes the following Saturday or Sunday. You can also set it to 10 days and start on a Wednesday or Thursday. That way the item will go through two weekends of viewings before it finishes and attracts potentially more visitors.
Include Postage Costs
Look to include postage where you can especially if using Buy it Now. People tend to prefer to have postage included as they can be put off or disagree with the amount you may charge.
The exception to this is when you have an item that is better listed as an auction listing and you put a fair amount for postage and packaging to only cover your costs.
This doesn’t then affect the bidding and you aren’t out of pocket should the item only make a small amount.
Delivery and Postal Services
When it comes to postal and delivery services there are numerous service providers including MyHermes, Royal Mail, Collect + among others. eBay also has a partnership with Argos allowing you to send an item for the buyer to collect at a local Argos store.
MyHermes can be more useful than Royal Mail and cheaper as they have less restrictive dimensions and requirements and can give better insurance cover than Royal Mail or Parcelforce.
Also for a small fee MyHermes will come and collect the item(s) from you so you don’t even have to venture out of the house. Useful during this lockdown.
Click here to set up a MyHermes account.
Be careful as MyHermes won’t permit certain breakable items like glass, cameras, Christmas crackers and Jewellery for a full list see – Prohibited Items
Packaging your items
You do need to make sure the item is packaged well and will be safe during the journey. Use bubble wrap, jiffy bags/envelopes for smaller items, brown paper roll can be cost-effective for boxed items.
Anything delicate should be boxed and safely packed with bubble wrap or polystyrene. Make sure it’s packed tight as things do move about in transit. If you want to know where to buy cheap packaging then look no further than eBay itself. Buying your packaging from eBay will also help you to build up your feedback score.
Wait you say ! I thought this article was how to earn money from home without any investment.
Don’t forget that eBay do take a listing fee and a percentage of each sale but it’s called a final value fee and is therefore only taken once the item sells.
When the item sells eBay takes 10% including postage up to a maximum of £250. In my view this is only fair as you are getting access to a massive national and international market that you would have no chance of reaching with your own site.
To help you get started eBay gives you 20 listings with no insertion fees per month. There are a number of upgrade fees as well to be aware of so be sure to check the following page giving details of each particular charge – eBay Selling Fees.
If you think these fees are unfair or you want to keep more for yourself eBay runs a promotion every now again. It’s usually a £1 maximum final value fee and runs for a couple of days over a weekend.
These are not always open to all so keep an eye on your emails for when these come in as you’ll also likely have to opt-in by clicking a link. It’s best to get as many of your more expensive items listed with these offers to take full advantage.
You also need to be aware that PayPal take a small fee as well which is usually 2.9% of the final sale price plus 30p per transaction.
I hope you can agree that selling your old stuff on eBay is one of if not the easiest way to earn money from home without any investment.
Once you’ve mastered selling your old odds and sods you may get the bug and want to look for more ways of utilising eBay for making even more additional cash.
We’ll be doing a feature on Dropshipping as well as other methods of selling your unwanted items.
You may also want to start buying and selling items on eBay and again we will feature a post with more details on this topic so watch this space.