6 Steps To Making Extra Money on ebay, craigs list, KSL

Setting up and making money with your website can take some time. If you’re looking for a quicker way to make some money consider selling products either you or someone else has on eBay, Amazon, Craigslist, etc. You can look around your own home or ask friends, neighbors, visit yard sales, and other suppliers. Many times people are surprised about how much stuff they can sell and the great cash flow can come in. It’s not uncommon to generated $1,000 to $3,000 in a matter of week or two!

Action Steps: Follow these steps to set up the right accounts and discover HOW and WHAT to sell on eBay:

1. Register with http://ebay.com  When you register create a user ID and password. Your ID will identify you to other eBay users as you conduct business. I recommend customizing your user ID to be relevant to your product niche. For example if you’re selling car parts then your ID could be something like “I love car parts” or if you’re selling hand bags your ID could be “amazing hand bags”. When you’re done document your eBay username and password in a safe place!
   1. Register to sell. Click on the “Sell” on the eBay homepage and you’ll be guided through the steps. You have to be registered with eBay and have an ID and password before you can register to sell.
2. Set up your free Business Premium http://paypal.com merchant account. This is the primary method of accepting payment from your customers through eBay.
3. Before you start selling DO YOU RESEARCH and determine if your product has a high probability to selling! Here are some research tools to utilize before you start selling on eBay:
   1. Observing the “Completed Listings” section inside eBay. To access the “completed listings” on eBay login to your account first and then click on “Advanced Search”. Enter in the product you are interested in selling in the box provided and check the “completed listings only “ box. You need to be a registered user to to access the “completed listings” section which will help you answer questions such as:
      1. Do these items sell and are people bidding on them? You’ll know whether the items sell by the numbers of bids next to the auctions. If there’s a dash (-) next to the item, the item did not have any bids.
      2. What are the starting and closing prices for these items? This will help you determine the starting price to begin auctioning your item on eBay.
      3. What’s hot? Search the sold listing data directly on eBay.
4. Tutorials and Electives to watch:
   1. Selling basics on eBay: http://pages.ebay.com/sellerinformation/howtosell/sellingbasics.html
5. Confirm up to 10 items you’d like to sell on eBay based upon the steps you took above and list them out here. Additionally, make note of the average retail price, the cost you have to pay to sell the product and what your estimated profit could be:
6. Take picture of each item you plan on selling and organize those images on your computer in a folder where you can find them.

The listing process is very similar and can be done on any of these sites as well:

1. CraigsList: on this site there is no fee to list or sell your items!
2. Amazon
3. Local listing sites similar to Ksl.com