Tuesday, April 25, 2023
HomeDebt FreeSide Hustles Explored: Selling Items on Amazon and eBay

Side Hustles Explored: Selling Items on Amazon and eBay


Today I wanted to talk about how to get started with eBay vs Amazon selling. This is something that could earn you quite a bit of extra income depending on how you go about it.

The best thing about selling items online is that you don’t have to have any face-to-face interaction with the customer. Nor do you have to ‘push’ or persuade them to buy.

Simply list your items with a great description and forget about them until you’re notified about getting a sale. If you want to become successful at this, you’ll need to focus on earning a great profit and limiting your out-of-pocket costs and that’s the baseline of what I’ll discuss today.

This post will be what I call a ‘twofer’. I’ll discuss how to make a profit by selling items with eBay vs Amazon selling. Let’s get started.

Deciding What Items You’ll Sell

First and foremost, it’s important that you pinpoint what specific types of items you plan to sell. Do you have old CDs, DVDs, clothes, or other items around your house that you are no longer using? Or do you plan to resell items you purchase for cheap at garage sales and thrift stores?

Both options have the potential to earn you a decent income. But you should definitely pinpoint the types of items you’d like to sell by committing to a specific category or niche so you have some consistency. Some people make a lot of profit selling gently used clothing and shoes or vintage sports apparel.

Whichever items you choose, you should make sure the item category is popular (meaning it will sell well / the item is rare in stores/lots of people are searching for the item) so you can earn a substantial amount of profit after the sale and after shipping expenses and seller fees are deducted.

Some popular categories that sell well on Amazon and eBay include (but are not limited to):

  • Clothes and shoes
  • College Textbooks
  • Electronics
  • Movies
  • Video Games
  • Toys
  • Household Supplies
  • Art and Home Decorations

eBay vs Amazon Selling: Choose Your Platform

Amazon and eBay are both very popular online retailers. I’m sure you could make a decent profit by using either. But some sellers often insist on using one or the other. So I thought it would be helpful to highlight the main comparisons.

Amazon

The fees associated with selling an item are similar among both websites (around 0.99 per listing). With Amazon, you will most likely need to upgrade to a seller’s account if you wish to list more than 40 items each month.

That membership costs about $40/per month. They also have a really cool service called Fulfillment By Amazon where they will package and ship your item for you once it’s sold.

eBay

For eBay, you can start listing items for free and you can even obtain all your shipping materials from eBay. Once you make a sale and package your item, they even give you the option to schedule an at-home pickup to avoid going to the post office and shipping the item yourself. In addition, eBay takes a commission from each sale based on its fees list. And don’t forget about PayPal fees after you get paid.

While eBay is known for its auction system, they are encouraging more and more users to utilize the fixed price system just like Amazon. If you are planning on selling older items or antiques, the auction system on eBay may work for you. But to try to keep your earnings as stable as you can, I’d recommend listing your items at a fixed price.

When it comes to creating your listing and adding photos, eBay allows you to upload up to 12 free pictures for each item. Amazon, on the other hand, has a process that allows you to look up the item and use one of their professional generic photos. For example, let’s say you’re selling a Galaxy Smartphone.

While creating your listing, you can look up the specific model of the phone and use one of Amazon’s photos to advertise it instead of your own photo.

If you’re interested in learning more about how to become a seller on Amazon or eBay, the photos above link to helpful instructions that can help you get started.

eBay vs Amazon Selling

So, to sum everything up quickly, who should you start selling with first? Here’s a quick pros and cons list!

  • ✅ Amazon Pro: Amazon is more trustworthy than eBay, with almost 70% of customers trusting the site.
  • ⛔ Amazon Con: Amazon can cost a bit more than eBay to start up at first, especially if you pay the monthly fee for fulfillment.
  • ✅ eBay Pro: You can sell at least 100 items before needing to upgrade to a specific seller account.
  • ⛔ eBay Con: eBay charges a lot of “little” fees, like shipping and PayPal, which get more expensive the more you sell.
  • ✅ Amazon Pro: Amazon has an easy-to-use product management system for new sellers.
  • ⛔ Amazon Con: There are many sellers on Amazon that have bigger budgets, so it’s a bigger competition pool.
  • ✅ eBay Pro: You get paid the second someone buys your item, unlike Amazon where you have to wait until the person receives the item.
  • ⛔ eBay Con: It’s not as easy to sell items across multiple categories as with Amazon. Many people go on eBay for used goods, and newer goods can’t be marked up as much as with Amazon.

eBay vs Amazon Selling: Startup Costs to Consider

If you intend to sell unwanted items from your home, you may have hardly any start-up costs to worry about. But the only downside will be when you run out of items to list online.

If you want this side hustle to be a consistent source of extra income, you’ll need to go out and purchase or obtain most of the items you wish to sell or spend money on the materials you’ll need to create them.

  • Determine how much you want to invest in your side hustle by limiting the amount you spend on start-up costs and applying the money you spend to your side business strategically.
  • It’s important to think of selling items online as a money-making side business and not just a hobby.
  • Make your choices based on numbers and the amount of time you would need to dedicate, not emotions.
  • This mindset will help guide you and keep you from investing a ton of time and money and seeing a small return.

I once came across an eBay seller who created homemade iPhone and iPod cases. They looked amazing and I actually considered trying it out myself and selling my creations online. Luckily I weighed the costs and time needed to sell something like that beforehand and decided it wasn’t for me.

Doing Your Research For Pricing

That brings us to pricing. You want to make sure you are accurately pricing the items you list based on their market value and your income goals. Always consider the seller fees when you list an item because a $25 item will not really get you $25 in profit if the item sells.

It’s easy to Google specific items to see how much retailers are selling the item for and you can even search Amazon or eBay to see how other sellers are pricing items.

You should get into the habit of learning your products inside out so you’re aware of all their features, the quality, and condition along with the reputation of the brand as they will all apply to how you should price each item.

Taking High-Quality Photos

If you choose to sell on eBay, you’ll need to take high-quality photos of your items. This helps potential buyers see the product as much as possible and be persuaded to make a purchase. People are very visual, especially with online sales (obviously), so your photos need to be crisp and look professional.

If you have a really nice or professional camera this would be the perfect time to utilize it. If you don’t, don’t feel like you need to rush out and buy one. Any camera that takes clear photos or a smartphone camera is great. You should never attempt to completely omit a photo in your listing. If that’s even possible on the platform you use, you definitely won’t get sales that way.

Here are a few tips to help you take stunning, quality photos:

  • Make sure you have plenty of lighting. Try to utilize natural light and avoid taking photos in dimly lit rooms.
  • Choose a neutral background. Nothing is worse than distracting buyers with other clutter going on in the background of your photo. Try to clear the space and use a nice-looking wall in your home as a background.
  • Aim for the best angle. Try to capture the item head-on first. Then focus on areas and angles that you would prefer to see if you were shopping online. To get ideas, you can always go to any e-commerce site. Look at the various different angles used that help advertise their products.
  • Zoom in if you can. As long as the image doesn’t look extremely magnified or pixelated, try to zoom in a bit and focus on the brand of the item or another unique feature.

For more tips on how to take high-quality product photos, check out this article. After you finish taking photos, upload them to your computer at add them to your listing.

eBay vs Amazon selling mydebtepiphany

Get Organized and Shipping Fast

If you are gathering, listing, and shipping several items each month, the key to maintaining your sanity is organization. Creating a spreadsheet to organize all of your items. You should at least record the date they are listed and sold. But determine a system that works best for you.

You should also actively check your email at least 2-3 times per day to make sure you aren’t missing any sale notifications. When you make a sale, you’ll want to ship your item(s) quickly to ensure customer satisfaction.

Shipping the item within 1-2 business days and communicating with the buyer as needed is the best way to go. The more you make buyers happy with their purchase and timely delivery, the more likely they’ll be willing to give you positive feedback.

Positive reviews and feedback are like gold in this industry. They improve your chances of getting noticed by other sellers. If you have a good rating on Amazon or eBay, your seller profile will rank higher. Then, more people will be willing to buy from you as your reviews will help establish trust and legitimacy.

eBay vs Amazon selling

Your Income is Abundant. Ready For Side Hustle Success?

There is lots of extra money to be made. Sign up for the free Side Hustle Success online workshop so you can learn how to find the right profitable side hustle for you.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments