Ebay can be a fast way to make cash as a side gig.
I have been making money selling on eBay for years as a side gig, about 15 years to be exact. Some years I make a lot of money. Other years, I only make a little. Last year I made over $23,000. The amount I make is directly related to the amount of time I put into eBay.
Last year, I did eBay primarily as a side gig. devoting about 10-15 hours per week to taking photos and listing inventory, processing payments, finally packaging and shipping items to the buyer. There are a variety of places to get inventory such as garage sales, close out sales at local retailers, or even from your own closet or home.
We used to own a business repairing powersports vehicles such as jet skis, ATVs, UTVs and snowmobiles. Because we no longer operate that business, we have lots of new and used parts that are in demand. Because we’ve had a lot of this inventory for years, we have the luxury of being flexible on our selling prices.
Many people dropship on eBay meaning they never have to deal with inventory or shipping. They don’t purchase the item until the buyer pays, then contact the wholesaler, purchase the item at cost, and have it shipped from the vendor directly to the buyer. The good news is you don’t have to deal with storing items or shipping supplies. The bad news is you have zero control of when the item actually gets shipped or how it is packaged.
If you would like to pursue eBay, here are a few tips to save you money:
- The US Post Office will provide Priority Mail boxes for free. You can order them on their website at www.usps.com
- Free boxes can be found behind a variety of clothing stores. I often get mine from behind Ross, TJ Maxx and other stores like that.
- If you need a really large or sturdy box, try the nearest bicycle or appliance store. They will often give them to you for free.
- Buy packing tape in bulk. To use the type of tape I use, click here to order from Amazon.
- Save every piece, large and small of bubble wrap and air pillows you get in packages. It will save you a ton and doesn’t add weight to your package.
- Buy a decent scale. I have one that weighs very heavy items up to 300 lbs and a second small one for envelopes and small boxes from one ounce to ten pounds.
Here’s what I made last year as a side gig.
eBay can be a great side gig. The best part is it costs zero to get started. You only pay eBay fees once per month. They charge 10% of what you sell. And most months, except for certain specific items like vehicles, the listing fees are either 30 cents or zero, but you don’t pay those until the end of the month either.
If you’re looking for a way to make some extra cash by selling items around your house or in your closet, or turn it into a regular side gig, eBay has a very low entry point. Do a little research on what items like yours sell for, then decide what you’re going to charge and sell it.
Now go make some money.