eBay has over 180 million active users. With that many users, there’s a good chance that you have an item that someone else would like to buy. College students trying to start their own side business will often turn to eBay as a good way to sell items that they’ve purchased for resale.
But you also have the option of selling items that you have and no longer want.
Some of the best clothing stores on eBay started with the seller selling their own clothes that they no longer wore. It’s a low overhead option for sellers, and you already have the inventory sitting in your closet.
If you’re a college student who wants to try making money on eBay, these tips can help:
1. Start by Selling Items That You Already Own
Businesses take on risk when they have to spend capital on their inventory. You have to sell items on eBay, but that doesn’t mean that you need to go out and purchase 100 items for your inventory.
Instead, start by selling items that you already own and no longer use.
A few examples are:
- Items on your desk
If you start selling items you own, you’ll be able to get a true feel of what it means to sell on eBay. You may find that you write great descriptions that sell items quickly, but you may find that with your college workload, you simply do not have time to sell on eBay, ship items and reply back to potential customers.
2. Find Your Niche and Go with It
There was an eBay user that went by the name “narro” who found his niche back in 2006. A college student that was pursing computer science, he found that he could purchase refurbished products from factories and sell them.
He started with DVD drives, but he eventually sold other hardware.
Back in 2006, he was projected to make $1.8 million to $2.3 million in sales. Sadly, it seems like he has abandoned his account, but at the time, he was bringing in more money than people make in 20 years.
Find a niche and stick to it so that you can start accumulating buyers, and also build your contacts and suppliers over time.
3. Buy and Resell from Yard Sales
Yard sales sound like the last place students want to be on Saturday or Sunday mornings, but there are items being sold for a fraction of their eBay sell price. When you go to yard sales, you’ll want to keep an eye out for any items that can resell for a higher price.
Toys, for example, are often sold for a dollar or two, but people resell them for $20 or more. You need to keep your eye out for these quality items being sold for pennies that can be resold quickly.
People even go to the local Goodwill, purchase some items, and resell them. You can sometimes find Adidas, Nike and Under Armour gear at the Goodwill that you can purchase for $3 or less and resell for $10 or more, depending on the item.
Start small with your store and learn how to sell items on eBay. Once you become a good seller, you can sell anything on the marketplace.