Hi Skint pals,
With baby skint almost here, I’ve been thinking of ways to start getting rid of maternity clothes whilst making a bit of cash at the same time. Frankly, I could happily build a bonfire in the garden and burn the lot, but I figure I might as well get something in return for the trauma of wearing elasticated waist garments for months now, so I’m going to sell sell sell and make some money on eBay at the same time!
eBay seems like the obvious place. I know I’ve really undersold stuff on eBay in the past though, so over the last few weeks I’ve been doing a bit of research into how I can make more cash from the stuff I sell there. I’ve come across a few really good tips for how to make money on eBay that I wanted to share with you:
Don’t sell bundles, sell separately – Often maternity clothes (or indeed any clothes) are sold in bundles on eBay for around £30. This would typically include about twelve items that sellers list together because they don’t want the hassle of selling lots of items individually. I understand completely – sometimes we just want the damned things out of our homes. But selling items in bundles is selling ourselves short. Maternity jeans can typically sell individually for £15, so taking an extra hour to list items individually can easily snag at least £100 more than selling clothes in a bundle.
Buy ‘lots’, then split them for resale – Related to the tip above, if you’ve bought a bundle of clothes from eBay – or indeed any other collection such as 80s chart singles, back copies of Vogue or whatever floats your boat – try reselling them as separate items. There’s an easy profit to be made in buying bundles and reselling the items separately.
Create an eBay store – If you’re planning on selling quite regularly, this is worth doing as it lets people easily find all your items for sale in the one place. Chances are if someone likes your taste in blouses they might want to snag a couple while they’re online – setting up your own eBay store makes this much easier for them to do.
Buy and re-list items – Often items are listed poorly on eBay, either without photos, or with inadequate descriptions. By buying these items, and relisting with photos and better sales blurb it’s easy to make an extra 20-30% on top of the price you originally paid.
Time the end of your listings to suit your market – The end time for listings is crucial. The last 30 minutes of selling often sees the sale price rocket as all those watching the item start to bid. Make sure you capitalise on this by timing the end of your listing to suit the schedules of your target market. Weekday evenings around 9pm are ideal for most folks – they’re at home and still awake. If you’ve got a high-fashion item that’s going to appeal to young women steer clear of finishing auctions on Friday and Saturday evenings when they’ll be out strutting their stuff in gorgeous clothes rather than bidding for new ones.
What about you folks? What are your experiences of selling on eBay? Is it an easy way to make money or frankly not worth the hassle? Do you always mean to do it, but never quite get round to selling the stuff that’s sitting in your cupboard? Share your comments with your Skint pals!
And if you liked this post you might like this one on how to make money from all the gubbins you’ve already got lying around at home.
If you want to get more tips like this delivered straight to your inbox? Just fill in your email here and I’ll make sure you get them all, as soon as I write them, for free!
Photo credit: The Guardian