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RPS #066 – How To Get Started Selling on Ebay With Very Little Money

How to Get Started Selling on eBay with Very Little Money

Let me guess. You want to start making money online, but there’s just one problem. You don’t have the funds to invest a bunch in a business endeavor. Well, this is one problem you only think you have.

I get asked about this all the time. And to be honest, I would say eBay is probably one of the best ways to start making some quick cash with very little financial outlay. Gradually after you get started, you can save up and then invest into other ways. There are a million different ways to make money online, whether it’s Amazon, some other online platform, or building your own brand. But we are getting ahead of ourselves. Let’s start nice and cheap and simple—eBay.

Selling on eBay is a great option if you don’t have a lot of money. So how can you get started making money on eBay if you’ve only got maybe $100 or $50 or even zero dollars to spend? I have five hands-on strategies for you to get started making money.

#1: Start with Your Own Closet
Seriously, look around your house. The average person probably has a couple thousand dollars’ worth of resale value in products they have around the house. If you start listing this stuff on eBay, you could start making some quick cash. Take a look in your basement, in your attic, and around your bedroom. There’s money just lying around. You’re probably thinking to yourself, “Who would want that crappy old bicycle seat? Who would want that outdated iPod?” Believe or not, there’s that saying: There’s an ass for every seat. It’s so true.

Even if you don’t think something you have has value, I guarantee you that someone else will. Start looking around your house, and then just pull out your phone, download the eBay app, and start looking at the sold listings to see what these items are selling for.

#2: Sell on Consignment
What do I mean by consignment? OK, maybe you don’t have any items around your house. Maybe you truly are dead broke. The second option is to add value to other people. If you don’t have items around the house, you can bet your bottom dollar that your friends, your family, or the people you work with have things in their homes they would like to get cash for. But maybe they are too busy or just don’t want to go through the steps of selling their items themselves. So you offer to sell the items for them.

Start asking around. Start putting out the word that you will help others sell their stuff. What do you charge them? You can work that out with the individuals, but a 50/50 or a 60 (them)/40 (you) deal usually works well.

#3: Hit the Garage Sales
If you don’t have much money, you can go to a string of garage sales with five or ten bucks in your pocket and usually find a lot of items. Many items you can find for a dime, a quarter, a dollar, or a couple of bucks and turn that into $40, $60, or $100.

#4: Get to Know Your Local Thrift Stores
Going to thrift stores is a great way to get your hands on really profitable products, whether it’s clothing, electronics, books, or really just about anything else you can think of. People donate items all the time that are worth so much money.

And make sure to find out when the items at a particular thrift store are going on sale. Many thrift stores will have half-off days or days when a certain tag color is a huge percentage off. Some stores have bag sales where you get to fill an entire bag with stuff for a flat fee. Think about how much great stuff you could get for so little money!

#5: Check Out Craigslist
I can’t tell you how many times I’ve made money on Craigslist. You have a couple options on this site. You can regularly peruse the free section for some potentially profitable items. You can also just look over the for-sale section.

So many people are just trying to get rid of their items. Maybe they are moving. Maybe they are having a baby and need to free up more space in their homes. Maybe their kid just stopped playing some sport and they want to get rid of the equipment. Whatever the reason they want to unload their items, it’ll be like you are doing them a favor!

No Excuses!
Now you know that you have no excuse not to get started making money selling on eBay. Even if you’re broke, you do actually have options.

Money is out there for the taking. And eBay is a great way for you to build up some capital so you can start investing in other things that are a little more scalable. Really, the opportunities are endless. So go out there and crush it.

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