Selling things on eBay is a great way to get rid of the things you don’t need anymore, and acquire the things you do. Setting up an eBay seller’s account is simple and quick. The eBay website is generally user-friendly.
The way eBay connects with the USPS makes it easy to ship sold items. All eBay sellers get USPS commercial-base pricing when using eBay to pay for postage and print shipping labels, plus free delivery notification ( as well as tracking on the packages). The convenience is amazing! It is a misconception that eBay sellers spend all of their time running to the post office.
When I sell an item, I receive a notification on my cell phone (I love technology, even though I still text with one finger) that the item has sold. My notifications are set so that my phone makes a cha-ching sound when we sell something on eBay. By that point, as long as the buyer has paid, the money has already been transferred by eBay into my Paypal account. Next I can simply go to the sold item on my eBay account and click “print shipping label.” Last of all I print the label, tape it to the box, walk it out to the mailbox, and put the flag up. I am usually still wearing my pajama pants at this point, which is a terrific way to conduct business from home.
The getting-paid-part is the best. When you set up your eBay account, you can link it to a PayPal account with the click of a button. If you don’t have a PayPal account, this would be a great opportunity to create one. I also have a PayPal Debit MasterCard, so that my money is instantly accessible when items are sold. After I mail my package, (and take a shower) I can get in my car and go to the grocery store and get groceries or cash, or maybe both.
For the uninformed, it is a common practice for women to get money at the grocery store, instead of the bank/ATM. If I want more than $100, which is the cash limit, I just go through the line another time and buy a pack of gum. The Paypal debit makes it convenient for the domestic-minded to do one-stop grocery shopping and banking. Most men would not understand the logic of this behavior, but that’s ok, I don’t understand the things they do either.
I sell things based on my interests, for the benefit of myself, and my family. For example, I love bedding. If I buy a Pottery Barn comforter at a good price, I can usually sell it on eBay, after I have used it for awhile, for almost the same price I paid originally. This allows me to have amazing textiles without the high cost. Anything that allows me to “feather my nest for less” is a good thing. It makes me feel like the Proverbs 31 woman.
She is not afraid of the snow for her household,
For all her household are clothed with scarlet. Proverbs 31:21
I do allow my children to sell things using my account. My son will frequently buy a video game for $60, complete the game, then sell it for $45. He is basically paying around $15 for each game he buys. We also sell our homeschooling and college books on eBay. As far as the college books are concerned, you recoup more of the original cost than selling them back to the school bookstore.
There are numerous ways to find things to sell on eBay. Items can be bought at garage sales or thrift stores for resale, or you might offer to sell your family members’ unwanted things for a percentage of the profit, like my nephew does. I don’t sell things for others, because I like to focus my efforts on the people in my own house.
Also, according to TurboTax, if you buy an item for $10 and sell it for $20, you must claim the $10 profit as income. eBay does not send out 1099s to their customers, or report money earned from sales to the IRS. They simply provide a marketplace for buying and selling. On a positive note, if an eBay hobby becomes a full-blown business, eBayers can claim business expenses like shipping materials, home office supplies and etc.
Sellers get maximum money for items sold on eBay because they are being marketed to everyone on the world-wide web. Think of it as an enormous, international consignment store. Maybe you’re just a domestic gal like me that wants more money to buy clothes, comforters, and rugs. At any rate, eBay is a fun, practically painless way to fill your home with beautiful things.