There is no doubt that you want to make money on the side, especially with harsh economic times during and after the corona pandemic. eBay presents a perfect opportunity where you can creatively make some extra money and improve your income.
Buying and Selling on eBay
Ultimately, there are high chances are that you have heard about eBay. Or maybe you have even sold or bought an item on the site. You can make a fortune here by buying and relisting items. Do your homework well and find a product that is in high demand, then post the product on a different page with a better price to make a profit. Also, you can be creative and buy products from other sites, such as Amazon and Alibaba, then sell them here or vice versa.
Set Up a Business Account
You need to create and set up an account with eBay before you can use it for any type of trading. And it is advised that you provide your actual information when doing this. With that said, you will also be asked to create and link your PayPal account, which is basically the primary mode of payment. After setting up the two accounts with eBay, you will go through verification to prove that you are a real person and neither a robot nor scammer.
Define Your Niche
With that said, you will need to define your niche. What do you want to buy or sell? The market on the eBay shop fluctuates now and then, so you will have to constantly adjust your niche and prices to suit the market demands. It is worth noting that the trick lies in the presentation of your product. A good presentation can increase your final action price by almost 20 per cent.
Now that everything is in place, hunt for the best deals on and off the eBay platform so that you can resell them for a profit.