May 3, 2016 by Andrew Minalto - 376 Comments

How to Start a Profitable eBay Business With £50!

start-ebay-business

Can you really start a profitable eBay business with less than £50? Yes, you can and in today’s blog post I’ll guide you through the exact system you can use to create a real business on eBay with a tiny starting budget!

Quite often I get emails from people who want to start selling on eBay but they’re out of cash. Literally. People who have lost their jobs or students who are simply students! I almost always recommend that they start with the Used Goods concept as that’s the only business model on eBay where you can turn a decent profit WITHOUT investing huge amounts of money buying wholesale stock.

If your budget is at least £500, I recommend you check out these two concepts instead:

But if your budget is smaller than that, stick with me as in this guide you’ll learn exactly how to start selling on eBay and more importantly – make profit from day one!

We’ll get into more detail on how this concept works in a minute, but for now let’s just get clear on what you’ll need to run this system:

  1. An eBay account
  2. A PayPal account (if you haven’t done so already, you need to upgrade to a Premier account)
  3. £50 (you can start with less, but £50-£100 is ideal)
  4. 1-2 hours a day to spend on this project (or more if you like!)

Basically that’s all you need to make this work!

If you’re totally new to eBay and your account has no feedback, I recommend you get some feedback before you start selling anything. People are very wary of buying anything from an account with 0 feedback! It’s really not worth it to start selling with 0 feedbacks when you can easily get 5-10 feedbacks in a few hours’ time.

The easiest way to get this done is by buying some cheap stuff on eBay in the first place. I’m talking about £0.99 items with free shipping. Just make 5-10 purchases and get your first 5-10 feedbacks.

You can purchase some presents, household goods OR even stuff you’ll need for your business. For example: paper, shipping labels, envelopes or jiffy bags – all in small quantities just to get you going. I’d say 5 feedbacks is the minimum to start selling but if you can stretch it to 10, that would be much better.

Many sellers will leave automated feedback when you make payment OR when you leave positive feedback for the seller. So what you want to do is simply buy the item, make payment and leave positive feedback straight away. In the vast majority of cases you’ll get positive feedback automatically.

On the rare occasions that this doesn’t happen, simply contact the seller and ask them to leave feedback for you. Here is a sample message that you can use for this:

“Hi XYZ,

I recently purchased this item from you and have left you positive feedback. I would be most grateful if you could do the same for me.

Thank you,
Andrew Minalto”

You don’t need anything more complicated than that!

Sell off unwanted items from your house!

Once you have 5-10 feedbacks from buying cheap items from other sellers, you’re ready to start selling yourself! You’ll have to upgrade your eBay account to a Seller’s account (free) if you haven’t done so already. eBay will simply ask you to verify your identity, ask how you’ll pay your eBay fees and what payment methods you’ll accept. This process will take just a few minutes in total.

When you’re done, it’s time to start listing your first items! But before you do, there’s one more task you need to take care of – you have to learn how to create listings that sell! Don’t be put off by how daunting this sounds – there’s no magic involved here and listing creation is something that anyone can do. I have actually put together a complete guide to walk you through the process, which you’ll find here: Anatomy of a Perfect eBay Listing.

Listing creation skills will be crucial to your success with this system, so don’t skip this step! Learn how to create good looking listings – it won’t take you more than an hour or so. Once you create your first listing, then you can simply duplicate that listing for all the other items you sell.

If you take decent product pictures, use eBay listing template from Spicy Auction Templates & format it following my guide, you simply can’t go wrong here. It’s a simple copy and paste process.

Speaking of product images – don’t be too concerned here about image quality. Sure, it goes without saying that you want GREAT images BUT you don’t need professional equipment to make it happen. Even a decent, modern smartphone with a good camera is okay to use. Product photography is very important for all eBay sellers, especially if you’re selling used goods (people are less sure about the condition) so I’ve written an extensive guide on every aspect of product photography which you can find here: Product Photography Guides

But remember, you’re selling USED products in this system, so no one expects PRO quality images! Most importantly – I DO NOT recommend using any stock images (images from Google etc.) with this system! You want your customers to see the EXACT item that’s for sale. Not some fancy stock images!

Okay, so once you have mastered the art of creating listings that sell, you can actually start selling! To get some practice, start with unwanted items you can find around your house. Stuff like:

stuff-to-sell-on-ebay

Anything that is gathering dust on your shelves will be perfect for this task! The main idea here is to get you some experience before you move onto selling money making items.

PLEASE NOTE! If you’re already selling on eBay or have done it before, there’s no need to execute this step. You can start off directly with money making items.

The main goal for this step is to:

  • Improve your listing creation skills;
  • Earn more feedbacks.

But if you already have an established account with at least 30-50 feedbacks AND know how to take good pictures and create listings, you can skip this step completely and move onto…

The System

The idea behind the Used Goods Concept is very simple – you buy undervalued used items on eBay and sell them back on eBay for a healthy profit.

First, you have to understand what an undervalued item is.

eBay is a massive marketplace where millions of people buy and sell on a daily basis. A large number of the sellers are professionals (like you and me), but most of them are actually “normal people” who use eBay to get rid of their old stuff – unwanted games or a movie they only watched once. They’re the people and listings we’ll target in this eBay business concept.

To make this more visual, let’s take a real life example and go through the steps you need to take to make this system work. Let’s imagine you have £50 you can invest in this business. For that money, these are the kind of items you’re looking for:

  • Video Games
  • Blu-rays, DVDs
  • Toys
  • Clothing
  • Mobile Phones
  • Tablets
  • Handbags, accessories
  • Sports Equipment
  • Other similar items

In a word – you’re looking for used items that can be purchased for less than £50. If you’re good at or have knowledge about a specific category of goods, choose that! It’s always easier to work with items you know a lot about, and it will make the buying/selling experience much easier. But even if you don’t have “expert status” in any of these categories, you can still make this work with simple goods such as video games, movies or toys.

For our example, let’s pick video games – one of the most suitable category of goods for this system. First of all, this market is massive. Secondly, new games/versions come out on a regular basis and many people just put their used games up for sale on eBay.

What you do is simply check Amazon or any other large online video game shop and pick one popular game to start your research. It can be any console and any game, not just the latest releases.

I picked Grand Theft Auto 5 for PS4 for this example.

Now, my task is to determine the TRUE market value for this used game. The first step in this process is to get some invaluable data for our item using…

Terapeak

What is Terapeak you may ask? It’s the world’s most popular and feature-rich eBay research tool. With the help of Terapeak you can easily check a product’s price, competition, total sales, best listing format and much more!

terapeak

If you’re serious about starting an eBay business, even if it’s just a hobby for you, I strongly recommend you get a Terapeak subscription as without it, you’ll simply be wild-guessing about the potential of ANY product and this basically means gambling with your money on products you have no real idea about at all.

So if you haven’t done so already, sign-up for Terapeak (a 7 day free trial is available) and check out some of my tutorials so that you can use it to its full capabilities.

Okay, now back to our system:

Login in to your Terapeak account and do a search for the game you’re interested in, in this example: Grand Theft Auto 5 for PS4.

In Terapeak, make sure you have:

  • Enabled the USED filter (so that results are displayed only for used games)
  • Narrowed down results to the most suitable category (in this case Video Games & Consoles > Games)

product-research

product-category

Click the magic GO button and wait for the results!

terapeak-results

What we’re looking for here are:

  • Average Price (in my example it shows £25.96)
  • Sell-Through Rate (in my example it shows 91.30%)
  • Total Sales (in my example it shows £5605)

IF the sell-through rate is below 50%-60%, drop this item and look for a different one as it’s quite difficult to sell an item with a sell-through rate of less than 50%. Ideally this number should be in 60%-80%+ range.

The sell-through rate is VERY IMPORTANT as it tells us how much demand there is for this item on eBay. A 90% sell-through rate means that 9 out of 10 listings for this item end in a sale. You really need products with a high sell-through rate to make this work.

Average price shows the average price that this kind of used game is being sold for on eBay and, in most cases, that’s the price you can EXCEED IF you create good looking listings and use proper listing techniques.

Total Sales – this shows the market size for that particular item or to put it simply, how much money was made in sales for this item over the last 30 days. This number should be at least £1000 in most cases but sometimes it can be lower, if you’re researching rarer items with small demand (they can still be very profitable, but more on that later).

get-terapeak

While Terapeak does give very accurate numbers for total sales, the amount of competition and the sell through-rate, we want to manually check the REAL target price we can expect to achieve selling this item.

Why?

Because the average price in Terapeak is exactly that – an AVERAGE! It takes into account ALL listings for that item, bad & good, and gives you an average price. With this system we want to sell items at an above average price so it’s essential to proceed to:

eBay’s ADVANCED Search

Many people are not aware of this handy eBay feature! To access this tool, simply click on the ADVANCED button, located next to the main search box.

ebay-advanced-search

Then enter the product’s name – in my case: Grand Theft Auto 5 for PS4

And make sure to:

  • Check the Used Only box
  • Check the Completed Listings box

advanced-search

Then you can quickly browse through the latest listings for this item that have already ended. You don’t have to make any specific calculations here – just observe the numbers and figure out what the average price is. Go through the first 3 pages to make sure you’re getting this number right:

average-ebay-price

In our example, eBay’s advanced search results show that we can easily achieve £28 – £30 for this game as there are many recent listings that sold for £28 and even £30.

But to keep things simple and realistic, let’s use £29 as our guide price.

Just to remind you, Terapeak gave us an average price of £25.96. This is why it’s important to do a manual check on eBay too as usually your real target price will be higher than the average price Terapeak gives – which makes sense when you think about it.

Setting Your Profit

Next step is to determine your profit goal. Now you know that the game will sell for £29, that’s your starting point. You’ll want to list it with FREE shipping to get higher in search results, so that’s roughly £2.50 (1st class tracked + packaging) off that number, leaving you with £26.50. Then there will be the eBay Listing Fee, Final Value Fee and the PayPal fee.

I like to keep things SIMPLE! I just take roughly 15% to cover eBay and PayPal fees. In most cases this will be fairly accurate plus it’s not like you need to get this right down to the last penny.

You want to subtract that 15% from the selling price (in our example £29).

What you do is calculate 15% of 29 and then take it away. Example:

15% x £29 = £4.35
£29 – £4.35 = £24.65

Then you need to take shipping and packaging costs away from this number:

£24.65 – £2.50 = £22.15

So, roughly £22. That’s our BREAK EVEN point. If we buy a used game for 22 quid and resell it on eBay for £29, we will not make any profit or loss. If you can buy this game for less than £22, you’ll start making a profit.

I have put together a special EXCEL spreadsheet for people who hate doing maths like this. You can download it by clicking on the image below:

spreadsheet

To run this spreadsheet you’ll need Excel or Open Office (FREE) software installed on your PC.

How much profit to aim for?

It depends on the niche, the item and your ability to create the best listings possible. In this example, I’d say £2 – £3 profit per item would be a good deal! This means you would buy an item for £19 to make £3 pounds NET profit. That’s a roughly 15% ROI, which is very good for such small, cheap, one-off items and for people who are starting on eBay with a very limited budget.

With bundles, which we’ll cover later on, you can easily achieve a much higher ROI – even 100%-200% is not unusual. But for now let’s just stick with individual items.

What we’ve done so far:

1) We picked an item suitable for this business model (a used video game – Grand Theft Auto 5 for PS4)
2) We researched the average selling price (MARKET VALUE) for this game – £29
3) We made calculations to get our BREAK EVEN point – £22
4) We decided that we want to make £3 NET profit on this transaction
5) By doing this, we got our target buying price – £19 or less

So far so good, right? Excellent.

The next step is actually the most important one in this whole system. Why?

Because the money is actually made at the time you purchase the item, not when you sell it.

IF you buy an item at the wrong price, you won’t be able to make your desired profit. If you buy an item in bad condition, again, you won’t be able to sell it back on eBay for the calculated selling price.

Buying Your First Item

You may now be wondering – how can this even work at all? If Grand Theft Auto 5 for PS4 games are being sold for an average price of £25 (Terapeak number), how can I get it for £19?

You can, because that’s the average price.

There will be listings that sell the same item for £30, and there will be £0.99 listings that end with no bids whatsoever!

endedn-no-bids

ended

The thing is – eBay is full of both professional and amateur sellers. Used goods in general attract more amateur selling – ordinary people who use eBay just to get rid of old stuff. And with this business model you can take advantage of them! As they:

1) Don’t know how to list an item properly (poor pictures, no descriptions, awkward listing end times, etc.).

2) Don’t know the true value of their item, that’s why most are being listed as £0.99 auctions (MANY without a reserve!!!).

3) Don’t care much about the final selling price as long as it sells. It’s not their business! They’re happy for any extra money they can bring in this way.

These 3 points make these sellers vulnerable and an easy target for business minded people like you and me.

Okay, so now you have to start looking on eBay for a used item that meets your set criteria (maximum purchasing price). You can do this in various ways:

1) Manually browsing eBay directly.

Simply go to eBay and search for the item you’re interested in. Use filters wisely! Apply the used items filter and sort all results by lowest price first. See whether there are any listings that meet your buying criteria. Look for low price BIN and Best Offer listings first. If the BIN price is below your target price, purchase the item.

If there is a Best Offer option, offer your target buying price as the offer. You’ll be amazed how often people are happy to make a quick sale, even if the price you offer is below the market’s average value. The Best Offer strategy works best with newly created listings, so for this, sort all listings by creation date to see which were added most recently.

The majority of listings will be auctions. Just put your maximum bid in (that will be your target buying price) and let eBay manage the bid for you. It will increase your bid up to your maximum setting each time someone else bids on that item.

The manual eBay method takes more time but doesn’t cost you a thing. Plus this way you can get a better feeling for what’s going on in your particular niche.

2) Using Auction Snipers.

This is THE BEST and basically ONLY way to make this system work properly.

What is an Auction Sniper?

It’s an online service/website where you register and set automatic bids on any specific listings. An automatic bid means that the auction sniper will place bids for you, in an automated and rather smart way – by placing your bids at the very end of the auction, before it ends, so that no one can out-bid you.

This is the most efficient way of getting the best prices possible on auctions, period.

You can read more about how this works in my Auction Sniper reviews guide:

best-ebay-sniper

3) Using Stuff Alert.

Another great and FREE tool you can use when working with this eBay business model. Stuff Alert will send you daily emails based on search criteria you have specified.

For our example, Grand Theft Auto 5 for PS4, you can set up an alert in Stuff Alert so that it sends you an email when new listings are posted. This way you can set up hundreds of alerts based on your search criteria and you don’t have to do a manual search on eBay every day to find listings that are of interest to you.

IMPORTANT! As we’re dealing with used goods here, always make sure to read the listing description properly! Look for any signs of faults/damage, etc. Ideally, stick with items that are described as new or slightly used. I wouldn’t purchase any faulty or defective items, even if the price is extremely low, as it will be very difficult for you to sell the item on.

When you combine manual eBay browsing with the Auction Sniper + Stuff Alert service, you create an AUTOMATED system which will allow you to set-up dozens, if not hundreds, of bidding/buying requests in a relatively short period of time. This is CRUCIAL to make this system work as you want to automate as many tasks as possible.

Introducing Bundles

The pot of gold with this concept actually lies not in single items, but BUNDLES! Yes, you can make a phenomenal profit by applying the same system to bundles.

Take a look at this bundle listing:

blu-ray-bundle

30 Blu-ray movies sold for less than 25 quid. That’s less than £1 per Blu-ray movie. Most of these movies can be sold back on eBay for £3-£7 each. And this is not even the best example – search eBay for the phrase “Blu ray bundle” and you’ll find auctions with 20, 30 and 50 movies, all selling for an average price of 1-3 quid per movie.

All you do is purchase such a bundle and list each item separately to get the maximum market value.

Most of the time people who list bundles simply don’t have time to list each item individually and they don’t know exactly how much the whole bundle is worth.

So if you see Best Offer on such listings, don’t be afraid to offer half the money that’s being asked for on BIN. If it gets refused, increase your bid a little and make another Best Offer. Do this until you have reached your maximum buying price.

Here’s another great example:

toys-bundle

A HUGE bundle of genuine toys sold for just £80! There are more than 100 items in this bundle, some of which are selling for 10 quid alone on eBay. There’s no way you couldn’t make money with this bundle as your cost price per item would be less than 80p.

Toys, Blu-rays, DVDs, video games, clothing – these are all perfect items for bundle hunting and there are thousands of these listings available on eBay, each and every day!

IMPORTANT! When you deal with bundles, ALWAYS make sure the seller has listed each and every item in the listing so that you can calculate each item’s average market value. Don’t gamble, don’t just hope that this bundle looks great and you’ll make tons of money! Quite often a bundle looks great, but when you actually calculate the average market price for each item, the total value is actually not that high.

Additional Buying Channels

When looking for items to sell on eBay, you don’t have to limit your product sourcing channels to eBay alone, not at all! In fact, using the methods listed below you can get even better deals:

Gumtree – this is a superb source for getting cheap stuff locally to resell on eBay. Who posts on Gumtree? People who are too lazy to put a listing together for eBay. Or people who simply don’t know how to use eBay. Or people who hate eBay.

Whatever! The good news is that when buying locally, via ads on Gumtree, you can always negotiate the price down to ridiculously low amounts. Especially if you buy bundles of bulky items or heavily-used items.

Also use this opportunity to source more goods – for example, you pick an ad for 3 used Blu-rays. You go and meet the seller to buy these films. On the spot you ask whether the person has any other used items for sale (like video games). In most cases the answer will be – “yes, sure!” When this happens, you’re in charge! You give your offer price and most people will be happy to get some extra cash, right on the spot.

Charity Shops – another great way to find bargains for resale on eBay.

Friends – yes, why not? Ask your friends, work colleagues or neighbours whether they have any unwanted items they would love to get rid of. MOST people will be happy for the opportunity to make some ready cash for basically nothing.

Local Ads – check your local newspaper for the classified ads section. An even better way of doing this is by putting up your own ad, something along these lines: “We Pay CASH for your JUNK! Call John on 01 7777 6666”, along with some descriptive text about what exactly you’re offering.

This method alone can be a real goldmine! You can put an ad in the local newspaper, create a Facebook page or get some business cards done so you can leave them with your customers. Even a promotional flyer in the local community can work brilliantly for this concept. You can target your Facebook ads down to street level – the opportunities are endless here!

When making any purchases away from home, always be sure to check what the average selling price is for that particular item on eBay. For this, you’ll need a laptop, iPad or a smartphone, so you can check the prices on eBay on the spot. You can even use Terapeak in this way.

Last Step – Selling

Once you have purchased your first item or a bundle, you have to sell it back on eBay, that’s the main idea here, right? Yes, exactly! And for you to be able to reach your target selling price, you have to create perfect eBay listings that really sell your item!

You have to master these 3 things:

1) Product pictures
2) Descriptions
3) Listing creation/formatting

As for the product pictures – this is really easy. As you’re working with used goods here, no one expects stock quality images. Even more – people want to see REAL images of the item, taken by you!

NEVER use stock pictures when selling a used item! Nowadays, it’s even against eBay’s rules.

Take your own pictures, several of them. Ideally 3-4 images per listing. If there are any defects or scratches make sure you take photos so that these defects can be seen. Otherwise you’ll end up with dissatisfied customers and bad feedback.

Next – descriptions. Again, this one is very easy with used goods. All you have to do is say what the item is AND perfectly describe its condition. Be honest here, don’t try to make it look better than it is, people will notice anyway and in the long run it won’t do any good for your business.

Product Pictures + Description + Nicely Formatted Listings

These are the keys to success with this system!

As for the best listing time and format. I would definitely recommend using BIN listings when you list your item for the first time (first 7 days). With BIN listings, you can target your profit precisely and if you set your BIN price based on the market’s average value, with your great looking listings there shouldn’t be any problems closing the deal and making that sale.

Best listing end times – they vary from item to item and you would need to use Terapeak to find out the best selling time for your particular item. BUT in general a good guideline is to end your listings on weekdays, between 7-11PM. That’s when most people are back from work and spending time online.

There will be exceptions, of course – for example, baby toys. These you would probably list to end during the day as most mothers will be staying home to take care of their babies and maybe they only have a spare minute to check eBay at 11AM. Again, Terapeak is a great help in finding the best listing times.

REMEMBER! If you sign up for Selling Manager Pro (5 quid a month), you won’t have to pay any listing scheduling fees and you get access to all other SMP features, such as automated feedback and emails.

If 7 days pass without the item selling, simply re-list it at a slightly lower price. If the same thing happens for a second week in a row (very unlikely) you should just reduce the price to your break-even point and re-list it for a third time. At this point you just want to get rid of the item without losing money and without wasting any more time.

Please make sure you learn from every such situation. What did you do wrong? Was your pricing correct? Maybe you should stay out of this particular niche/product group?

Shipping

Always try to dispatch goods within 24 hours of purchase, Monday – Friday.

If possible, use free shipping (add the shipping cost to your final selling price) as this gets your listings featured higher in search results.

Always pack items in suitable packaging materials – cardboard boxes, mailing bags, jiffy envelopes. You can get all of these materials cheaply right on eBay itself. If you’re just starting out you can buy packaging materials to build up your feedback to 10 or so.

And basically, that’s it!

BUY > SELL > DISPATCH

Rinse and Repeat!

The good thing about this system is that IF you follow my guidelines, do your research properly AND set the right buying price point, it’s actually very difficult to lose any money at all. As I said, in the worst case scenario you’ll simply get your investment back but you won’t lose any money.

Final Tips

While I have used a PS4 game as an example throughout this post, video games actually do not represent the best ROI for this system. Why? Because they’re too popular, with too many listings, and too many interested buyers and sellers involved.

In a lively marketplace like this the final selling price is usually not as flexible as with other products. You see – a video game is a video game – there are no variations for it, no different makes/models etc. Everyone knows that a new game sells for X amount on Amazon and then there’s the average selling price on eBay for that game. There’s not much room for variation.

For this reason, I highly recommend that you look into OTHER products! Products that are not as obvious as video games or Blu-rays. Just to give you a few good examples:

  • Sports equipment
  • Hobby equipment/supplies
  • Home decor
  • High end hand-bags
  • Dresses
  • Baby products/equipment
  • Fishing
  • Watches
  • Musical instruments
  • Etc.

With items like these, you’ll see a much HIGHER difference in prices on eBay, which gives you the opportunity to buy for LESS and sell for MORE.

Sports equipment is a very good niche to research. We all know that person who gets really into a new sport and buys all the equipment, just to get bored after a few weeks and list it all on eBay.

This is a perfect opportunity for people like you – to become an expert in that niche/product category and start dealing with such used sports equipment. You can even create a full time business in a niche as popular as this.

Hobby type products are perfect for this too. Just like with sports equipment, many people get excited about new hobbies and purchase all kinds of tools, materials and equipment just to realise few weeks later that this is not for them. Again, a typical situation and opportunity for business savvy people.

The more expensive the items are, the more people look for second-hand versions. Take for example the PRINTING industry. There are dozens of companies in the UK who deal with used guillotines, presses, printers, digital printers etc. As not everyone can afford to buy brand new equipment, these companies act as middle men and make thousands in a single sale.

Obviously, this system is all about starting an eBay business on a budget so you won’t be able to deal with high ticket items. Still – there are plenty of opportunities, you just have to look for them.

For tech savvy people I can even recommend taking this one step further – if you’re good with repairs, you can actually buy items on eBay that are faulty, fix them and sell them as fully working for a great profit! You can buy broken/faulty items very cheaply as no one really wants to deal with them. If you go down this route, you can also check out clearance companies who sell pallet loads of broken items (mostly catalogue returns etc.) for very good prices.

So be creative and don’t just pick the quickest/easiest route here. If you put some time & energy into researching a specific niche (product category), you’ll quickly become an expert on those products and will easily locate the best deals, write great product descriptions and achieve good profit margins.

Conclusion

There are really no excuses anymore! Anyone can follow this system and make money on eBay without investing huge amounts of money in wholesale stock. Yes, this system is time consuming (the buying part) but the pay-off is not too bad either. Also, when you get experience and become good at this, you’ll see that you can spot deals in a few minutes, just like that.

To make your life easier, use all the automated tools available to you:

If you automate the process from A-Z, it won’t take you more than an hour each day to process 2-3 items, maybe even more. If you can dedicate more time to this, you can actually achieve a full-time income using this business model. Why not?

Remember, this is all about VOLUME! You can’t just find one item, put one bid and expect to get the item at your desired price.

You want to research as many items as you can and then bid on multiple listings using Auction Snipers! It’s a numbers game! You will win only a small percentage of auctions but when you do, profit is almost guaranteed.

If you plan to do this on a serious level, ideally you will need two eBay accounts – one for buying and one for selling. Just so that buyers can’t see from your feedback where you bought these items from and most importantly, how much for!

Of course, this is not a sustainable business; it’s more like a part-time job – but one that pays well and allows you to stay at home or earn extra money while you have a full-time job.

The main purpose of this system is to give you the ability to start with limited funds (20-50 quid is all you need) and build it up from there! By reinvesting the money you make from this business, you will have at least £1K in your bank account within a few short months. And then you can start looking for the best products to sell on eBay by importing them from China!

With that being said, even this used goods business model can be turned into a full-time venture, with an office, warehouse and staff to do the hard work for you. There will always be used stuff people want to get rid of and there will always be buyers on the other side who are happy to get a real bargain.

This will never end.

So if you really put some hard work and energy into this, scale the business, get repeat customers (buy locally, advertise), I can’t see any reason why you couldn’t make a full-time income based on this model alone.

Sure, you’ll face problems from time to time – like buying broken items or buying items that can’t be resold but show me any business which is stress and problem free. There are NONE! Make sure you have a quality control system in place AND make customer support your priority; this is crucial when you sell used items on eBay. You should have a no questions asked returns policy to minimise the risk of getting bad feedback based on the condition of goods.

Obviously, I could go on for hours and hours about this topic, the best selling practices and so on, but I hope the quick overview I gave you in this post is good enough for you to get started.

If you need more help with:

  • Product sourcing
  • Listing creation
  • Product pictures
  • Selling tactics/formats
  • Marketing
  • Shipping
  • Etc.

Then I recommend you check out my Easy Auction Business video course. It will teach you how to take this concept to the next level and in more than 15 hours of videos you’ll learn all aspects of starting a profitable eBay business.

easy-auction-business

ALSO you will get FREE access (for life!) to my SpicyAuctionTemplates.com – where you can get hundreds of pre-made eBay listing templates and apply them to your listings to make them look really professional.

sat

Lastly, you’ll also get access to our EAB members-only forum and a 1 hour chat session with me! Yes, you’ll get ONE HOUR to chat with me personally where we can discuss your situation and business plan in more detail and create a solid action plan for you to follow, and yes, this is 100% FREE!

If you have any further questions, feel free to leave them below this post in the comments block & I’ll personally reply to all of them within 24 hours, Monday-Friday.

Thanks,
Andrew

376 Comments
Click Here to Leave a Comment

  1. Hi Andrew, love the site.
    Just a quick question, I’m completely new to this so would need to start selling household objects first ect. Would you advise setting up a personal account first or straight to a business account?

    Thank you

    Kind regards

    1. Andrew Minalto

      Hi Leigh,

      Start with the personal account, yes, as then you get free listings plus you can have more flexible returns policy compared to Business sellers.

      Andrew

  2. Andrew, you are a legend! Thanks for sharing this information online. You have helped me understand and made me alot more confident in buying and selling used goods. You did an excellent job at explaining and going through everything, step by step. I will use this knowledge to make some good money. Again, Thank you 😃

    1. Andrew Minalto

      Great to hear that Asim! 🙂

      Andrew

  3. Hi Andrew,

    I am new to ebay and am considering taking your EAB course…..

    I will be based in the republic of Ireland and am wondering if your business model is still viable here? also will the business model be adversely affected by the different shipping rates in the ROI versus the UK?

    Thanks in advance

    Simon

    1. Andrew Minalto

      Hi Simon,

      Thanks for your comment.

      Good to hear from you – I used to live in Ireland, for 4 years many moons ago! 🙂 (Newbridge, Co. Kildare)

      EAB course works in Ireland too, yes. I have many customers there and you can either sell on eBay.ie (which is obviously not as busy as the eBay UK marketplace) or you can sell on eBay UK. If you sell in the UK, you should pick more valuable items so that shipping costs does not make that much of a difference OR very small products which you can send in a normal letter OR simply use a FFH in the UK which opens doors to many opportunities. Amazon FBA is also perfect for people based outside the UK.

      Thanks,
      Andrew

  4. Hi,
    I have had below average seller performance due to saying 6 items were out of stock back in December. Is there any point in continuing this method since I am so low on search results?

    1. Andrew Minalto

      You should get your account in better shape as with Below Average account it will be very difficult to get items ranked well…

  5. Hi

    I am selling blank media products on ebay and recently made the listings templates HTML and responsive as I read that 30% of ebay users search and buy using their mobile and sales have picked up since but is there any tips you can give for me to increase sales. I have my very own e-commerce website but ebay is best for traffic as I don’t know much about SEO so relying on Ebay.

    Look forward to receiving any comments or tips

    Thank you in advance

    1. Andrew Minalto

      Hi Ian,

      Start by reading my blog! 🙂 There are hundreds of posts available, many of them will help you with marketing, increasing sales etc.

      Check out posts archive here:

      https://andrewminalto.com/start-ebay-business/

      Thanks,
      Andrew

      1. Hi Andrew

        Thank you will have a look. I have made some changes like responsive listings, adding contact info as well as a link on each ebay listing to the whole list of the items I am selling on Ebay as well as I have created a Facebook page and pinned the link to the items I am selling and will also post individual products on the Facebook page and see if can get some likes and shares

        1. Andrew Minalto

          Good stuff! 🙂

  6. Hello Andrew,

    I’ve stumbled across your site and think it is so informative.

    I’m just starting out and would like to sell on Ebay and Amazon the products that have been supplied from ASIA, but the EAN numbers are so confusing and complicated for me.

    I have read your section on EAN numbers but I am still not clear how these are generated? Do I just go to the supplier and say here are 13 random numbers can you code these according to the products which are scarves. There are 4 different colours of the same product but intend to order 300 (75 of each) and if this is the case what information will need to come up once scanned.

    I am just starting out…. I have just created an online shop/website?

    I am totally stuck so any help you provide will be appreciated.
    Kind Regards

    1. Andrew Minalto

      Hi Usha,

      No, you can’t just “generate” EAN numbers. You need to register with GS1 to get them.

      Check out this guide for more info:

      https://andrewminalto.com/ean-codes-for-ebay-amazon/

      Thanks,
      Andrew

  7. Hi, Andrew I must say you sir are a Goldmine with so much info and it shows you certainly have grasped firmly this Ebay business.

    I am humbled by all this knowledge and glad I found this site…. Now it’s time to learn on we Go!

    1. Andrew Minalto

      Good to hear that Geo! 🙂

  8. If I become an Ebay millionaire because of your advise then I will be sending your share!

    Great advise and can’t wait to put into practice.

    TS

    1. Andrew Minalto

      Thanks Tony! 🙂

  9. Hi Andrew

    I’m very interested an have a good few thousand pounds to play with. I have a feeling that if I can find the right products to sell then I could easily sell them on eBay. I have previously sold cars on eBay, gumtree, auto trader and motors to make a living along side running my Italian restaurant. I’ve posted multiple car ads per day, valuing the vehicles and taking pictures of them so this should be no problem and not too much different. Wouldn’t mind if you could advise me if this is worth me putting time and money into and where I go from here?

    I’ll look forward to speaking to you when you have time.

    Warmest regards

    Joe

    1. Andrew Minalto

      Hi Joe,

      Thanks for your comment.

      It really comes down to you – IF this, having an eCommerce business, is what you really want, you should go for it! 🙂 Your previous experience will definitely help you!

      So just get started and work through it step by step – you can find lots of valuable guides/articles on my blog here or just get the EAB course for complete training material:

      http://www.easyauctionbusiness.com/secret/

      Thanks,
      Andrew

  10. Andrew! Many thanks for putting this advice out there, explained everything brilliantly!

    1. Andrew Minalto

      You’re welcome Imran! 🙂

  11. Hi There,

    When sourcing your products on eBay using the ebay search engine advanced filter / technique why do you click “completed items” instead of “sold items”. Does that mean that you are taking an average of items that have not sold? does this not distort the result as some items have not generated cash? Also, do you include the postage costs when taking an average of the completed sales on the first three pages.

    1. Andrew Minalto

      You can do it both ways but “completed items” will show ALL listings so you can see approximately what’s the sell through rate is.

      Postage costs should be taken into account, yes, but in most cases it will be free shipping for most items so it does not affect numbers that much, especially for small/cheap items.

      Andrew

  12. Holy sheeet! this is one of the best websites i’ve ever encountered. I mean, what an excellent teacher and so many well written articles, wow.
    THX so much Andrew for helping all of us noobs, really appreciate it! 😀

    1. Andrew Minalto

      You’re welcome Kobe! 🙂

  13. Bradley Ackling

    Hi Andrew,

    I am currently using you excellent! excel spreadsheet to work out how much i need to spend on an item in order to make any money. however how to i repeat the formula past 10 columns??
    i have tried to pull down the little tab in the first row for example D15 ,but once i extend this past row 10 the formula just does not work, i have search over google and all the information i can find is basically what i have been doing. any help would be very much appriciated

    1. Andrew Minalto

      Hi Bradley,

      You should be able to expand it that way…

      But if that doesn’t work, you can simply duplicate it in 2nd tab (3rd, 4th etc.) and make as many sheets as you want.

      Andrew

  14. Thanks Andrew.

    Feel like I am taking a risk going self employed vs employed full time but I long for the day when I could be my own boss so what the heck – here I go.

    Just a quick question regarding products, if the stock is stuff you have bought a while back and not from Ebay, do you still need to include this into the sales and purchase ledger? I.e. from the date you formed the business, (not stock which you have recently brought from ebay to re-sell on?)

    Thanks.

    1. Andrew Minalto

      Yes, you would still have to include it in your books.

      Andrew

  15. Andrei Choclu

    Thank you Andrew for such informative post
    I have a question regarding the delivery (packing ):
    – Once I have an item I have to send to customer do i need to pack it by myself and send it through the local post office (by myself )?
    Or maybe exist other way

    1. Andrew Minalto

      Hi Andrei,

      You’re welcome! 🙂

      Yes, you would pack goods and send out via mail or courier.

      Alternatively, there are fulfilment houses that can do this task for you:

      https://andrewminalto.com/fulfilment-houses/
      https://andrewminalto.com/fulfilment-house-reviews/

      Thanks,
      Andrew

  16. Firstly i would like to thank you very much for making this easy and understandable. I really found it very helpful. I am thinking of starting a small business by selling on eBay getting products/items from wholeseller’s around me and once again you made it clear so that I can go a few steps forward and I would appreciate if you help me in case of difficulties. Thank You!

    1. Andrew Minalto

      You’re welcome Abel!

  17. Hi Andrew,

    As far as buying from China or America like you suggest and buying in bullk, what are products you suggest to sell that have a decent profit margin for somebody who has a decent start up capital?

    Thanks

    1. Andrew Minalto

      Hi Frank,

      Please check out this guide:

      https://andrewminalto.com/best-products-to-sell-on-ebay/

      Thanks,
      Andrew

  18. Hi, this was a great read! I just tried using the Advanced search feature on ebay following your instructions – but I’m not clear, when the results come up, is it showing only items that finished with a purchase? Or is it showing completed listings because perhaps the seller gave up and ended the auction? I see some items with their price in green, some with prices in green with a green line through, and others in black and it says no bids. I am assuming therefore that not all the listings it shows actually sold? And what does a green line through the price mean?

    Many thanks!

    1. Andrew Minalto

      Hi Sam,

      Thanks for your comment.

      You can change this in settings – on the Advanced search page.

      You can set it so that it shows ONLY listings that ended with a sale OR all listings – ones that ended with a sale are in green.

      Thanks,
      Andrew

  19. Hi Andrew,

    Thanks for this article. I’ve been thinking of selling things in general and this really helped. I do have a fairly decent budget to start with and I was looking at buying games consoles (PS4/Xboxone) in bulk from alibaba either from the states or china but have no idea what it will cost me to get it over here as I don’t want any surprises. What’s the best way of doing this and also do you think this is a good road to go down as far as making a profit? If this is something that I can make happen I will definitely look into getting your system and having a chat with you to help me set i t up.

    Thanks

    1. Andrew Minalto

      Hi Frank,

      It is definitely NOT a good idea!

      In general – there’s no profit to be made with game consoles. Secondly – you def. can’t get them from China! You’ll get scammed in no time.

      I would recommend you check out my EAB course first – to learn how to start selling on eBay properly:

      http://www.easyauctionbusiness.com/secret/

      In the course you’ll learn how to find best products to sell on eBay, how and where to source them from plus many, many more related topics.

      Thanks,
      Andrew

  20. Thank you
    Very good topic
    Regards

    1. Andrew Minalto

      You’re welcome!

  21. Hello,

    Really enjoyed this!
    I was just thinking, are there any legal aspects to buying like this and selling it on straight away?

    Thanks!

    1. Andrew Minalto

      What you mean exactly by “legal aspects”?

      It is perfectly legal. There are no laws that prohibit you from doing this.

      Andrew

  22. Great article Andrew, very helpful.

    Quick question: I’m portuguese and currently living in Portugal. Do you think the shipping costs might be way to big for a profitable business? Since my country is basically on the west-edge of europe….

    (I’m assuming I should start in europe only)

    Thanks!

    1. Andrew Minalto

      Depends on what kind of shipping costs for International Airmail you can get from local post office.

      You could start by selling to local customers in Portugal maybe?

      Andrew

  23. Thanks for that article Andrew

    Can some of what you have said above apply to private sellers – i.e. I am just clearing stuff out at the moment rather than starting up a Business – although if I make enough then I may well be looking into your eBay Business product – it looks good 🙂

    Should I make the listings look nice – i.e. with HTML – but perhaps not get a logo as I’m only private. Hope that makes sense.

    All help appreciated, would like to make some money on this stuff rather than being one of those many people that sells low 🙂
    Cheers!

    1. Andrew Minalto

      Hi Wayne,

      Sure, you can do that! And it will help to get more sales, higher prices.

      You don’t need a logo obviously. Get some free templates from SAT and follow formatting principles to create good looking listings:

      http://spicyauctiontemplates.com/free-templates/

      Thanks,
      Andrew

  24. Thanks for the extremely informative post. I was just on the verge of selling my collection of PS3 games as a bundle for a rock bottom price (25 PS3 games for £30!) mainly due to laziness :’D

    I shall do a bit more research and put in a bit more effort in selling these games to maximise the amount of profit I make.

    1. Andrew Minalto

      Absolutely! 🙂

      Selling 25 games for £30 is insane!

      You will get many times that value when selling each game separately.

      Andrew

      1. UPDATE

        Hey Andrew!

        Thought I’d let you know that I just sold 4 of my PS3 games on ebay for almost £25!! 🙂 It’s amazing how much people will pay for used products provided that they’re in good condition regardless of their age.

        1. Andrew Minalto

          Good stuff! 🙂

  25. Thanks for the post Andrew, found this really interesting.

    I’ve taken a look through all your linked posts here (best snipers etc..) and going to give your method a try.

    I’ll let you know how i get on!

    Sam

    1. Andrew Minalto

      You’re welcome Sam! 🙂

  26. Hi
    I have some question that are really private.
    How to become EAB member so that I can chat with you.
    Btw your article was so meaningful and encouraging.
    Thanks,

    1. Andrew Minalto

      Hi Islam,

      Thanks for your comment and interest in my EAB course.

      You can sign up for the program and get instant access to all materials here:

      http://www.easyauctionbusiness.com/secret/

      Hope this helps & let me know if you have any further questions.

      Andrew

  27. Hi Andrew
    What would your advice be to someone who had £500 to start up on eBay?
    Regards
    Andrew

    1. Andrew Minalto

      Hi Andrew,

      Thanks for your comment.

      This concept can be used with £500 too. Alternatively, you can check out these concepts too:

      https://andrewminalto.com/how-to-start-ebay-business-on-budget/
      https://andrewminalto.com/manufacturer/
      https://andrewminalto.com/how-to-sell-clearance-stock-on-ebay/

      Thanks,
      Andrew

  28. Thank you for this informative article its answered all my questions in opening an eBay shop, not seen any sites explain this well.

    I do have a question though, are there any legal implications in selling used goods and even new goods to resell for profit? As in is there any tax implications in selling goods online and do I need to declare to HMRC? I’m a bit of a dummy to understanding tax etc!

    1. Andrew Minalto

      Hi Raj,

      Yes, you have to as it is classed as business anyway.

      Please read this guide for more info:

      https://andrewminalto.com/ebay-tax-registration/

      Thanks,
      Andrew

  29. Hi, I’m 15 nearly 16 years old so I cant get my own eBay account, do you think its still possible to do this system?

    1. Andrew Minalto

      Without an eBay account, you can’t.

      But you can use someone else’s account (family member) with their permission:

      http://pages.ebay.com/help/policies/identity-underage-users.html

      Thanks,
      Andrew

  30. Hi Andrew,

    I’m looking at making some extra money, and have a decent/good knowledge in a number of fields, including technology/gaming/sports. I am however not a regular ebay user, I have made 1 or two transactions on it within the past 5 years! I do however have a fairly decent budget to start with, so my question is, where would you recommend I start?

    Regards,
    Rob

    1. Andrew Minalto

      Hi Rob,

      You can definitely start with this concept, gain some experience on listing creation, photos, general selling etc. and once you have made 20-30 sales, you can look into other business models, like Importing from China and others.

      Take a look @ my video course which covers various concepts in great detail:

      http://www.easyauctionbusiness.com/secret/

      Thanks,
      Andrew

  31. I’ve recently opened my Ebay shop. I’ve listed many things from Macbook cases to to Clothes but what I found sells the best are the older games I got from a misspelled bundle. I think tapping into the nostalgia of buyers is a a good tactic, I often see N64 cartage collections going for or close to the price of one game, for example 007 Goldeneye for the N64 will sell for £10 (condition depending), and many bundles of 10 games I’ve seen sell for £30 or less.

    1. Andrew Minalto

      Yes, retro/old video games niche is VERY suitable for this strategy, especially if you go for bundles.

      Lots of good bundles of older video game consoles/games, for very cheap prices can be bought via classified ads sites too, so make sure to check them out.

      Thanks,
      Andrew

  32. Carley Collis

    Hi Andrew. Thankyou so much. I’ve been looking at something I can get my teeth into after my baby is born as an extra earner. I never thought of bundle buying and separating that bundle for profit.
    I’ve sold items before and never really researched properly. Again thank you

    1. Andrew Minalto

      You’re welcome Carley!

  33. Anna Kinson

    I am a single mum of 4 and keen to get started. I list on eBay everyday in my job but am looking forward to starting my own business. Would love to import from China but do you think it’s possible to keep it simple by buying and selling in the the U.K. and earn a decent wage such as £1000 a month

    1. Andrew Minalto

      Hi Anna,

      What you mean by “keeping simple”?

      Let me know.
      Andrew

  34. Hi, when you highly recommend that i sell the following for better results;

    or this reason, I highly recommend that you look into OTHER products! Products that are not as obvious as video games or Blu-rays. Just to give you a few good examples:

    Sports equipment
    Hobby equipment/supplies
    Home decor
    High end hand-bags
    Dresses
    Baby products/equipment
    Fishing
    Watches
    Musical instruments

    How do i know what to sell in these categories i have no clue where to start! i tried bluray but i have no clue what film to sell.

    Many thanks!

    1. Andrew Minalto

      Hi Markuss,

      You’ll basically just start with an eBay search for items like these to see WHICH types/models/styles are most popular. Then you look for used versions and run them through Terapeak.

      Another way to get popular items in any niche is to take biggest sellers in that category on eBay and do Terapeak competitor research which will show you clearly which items are sold most:

      https://andrewminalto.com/spy-on-ebay-competition/

      Lastly, you can always check Amazon best seller lists in any product category to find even more idea on what products are popular in that niche.

      Thanks,
      Andrew

      1. I have been adding at least 100 bidding snipers on 5 different games over 3 days and haven’t won a single game because the bids beat my profit offer. I don’t think its possible to do this strategy on ebay buying low selling higher for profit!

        1. Andrew Minalto

          Hi Markuss,

          As I explain in the guide, games is actually not the best example of this. At least not single, brand new game releases as margins are very smalll on them. If you want to deal with video games, you have to look for older games and most importantly – BUNDLES! Consoles + games and game bundles. That’s how you can make money with used video games.

          Alternatively, look into other products which are not as competitive.

          Andrew

  35. Oscar Davison

    Hi Andrew,

    I am a 17 year old student and struggling at school mainly due to my lack of motivation, anyway not important, but reading this article has really excited me to think this is possible and I could potentially do this alongside my studies and make this a hobby to motivate me and get stuck into.

    I currently buy PS4 games on eBay on release day and play them, complete them, then about two weeks later I sell them on, losing a bit of money but I still get to play the games on release. Until one time where I actually made a profit, and I was actually really happy, the thought that I had bought something and sold it for more almost gave me a thrill, and thought maybe I could take this further and learn more.

    So I currently have 30 feedback all positive and really enjoy selling, and I know the games market pretty well I would say.

    I guess I am writing this reply to ask is it worth a student getting involved with this method, as you said there isn’t much risk is there? And I have a little experience in selling and customer service and I understand its importance. Also my dad always tell me to sell internationally as it increases the size of the target market, but with this method is that advisable? Is it common to find games that have good ROI, or is it fairly rare. Should I be looking for new releases or older games, are new releases more lucrative, or are both as good as each other?

    I understand this is a long response and if you have read this far I greatly appreciate it! It’s midnight and I have a politics exam at 8:30am in the morning but now all I can think about is this!

    Thanks and any response would be appreciated.

    Oscar

    1. Andrew Minalto

      Hi Oscar,

      Thanks for your comment.

      Yes, of course – this is perfect for students, people who want a small part-time business to make some extra cash.

      If you want to concentrate on video games market, I recommend you stick with older titles, yes and even retro games (even for older PS consoles). ROI wise older games will generate you much better profits, especially if you buy them as bundles.

      Thanks,
      Andrew

  36. HI ANDREW

    i have an ebay basic shop do i need to register on ebay as a business account OR NOT

    1. Andrew Minalto

      No, you don’t need business account to have Basic Shop on eBay UK.

      Andrew

  37. Anthony Leahy

    Hi Andrew,

    This is the best straight talking site I’ve seen for a beginner to Ebay, well done!!

    Quick question:

    If I am based in Ireland will your model still work or should I register with Ebay(UK) and how may this impact on shipping etc.

    Your advises is highly valued.

    Many thanks in advance

    Anthony

    1. Andrew Minalto

      Hi Anthony,

      Thanks for your comment.

      Yes, this system works on ANY regional eBay site too.

      But you can also buy/sell on eBay UK too, which is more popular – with your existing eBay.ie login details. You don’t have to open new account.

      Thanks,
      Andrew

  38. Hi Andrew,
    What a great article I have been buying off eBay for many years and always thought about one day selling I have bought numerous books etc on the subject but never got around to actually selling anything, it all seemed to long winded and complicated however after reading your article everything seems much clearer and simpler indeed your article cuts through the gobbledygook and gets straight to the important stuff, I shall follow your blog with interest .

    Thanks again for a great article

    Howard

    1. Andrew Minalto

      Thanks for your comment Howard & good luck with selling!

      Andrew

  39. […] Firstly I want to say thank you for this wonderful resource you’ve created. I’ve always been interested in creating an eBay business and thanks to your blog finally took action earlier this year buying and selling used items on eBay. […]

  40. Hi Andrew
    What a great blog!
    I have just started a little ebay business selling silicone moulds and baking cutters. Buy from aliexpress and sell on ebay.
    The packages are only small but already selling very well. Please can you help me with info on what legalities I should have as I am unsure that I have all the right things in place.
    Many Thanks

    1. Andrew Minalto

      Hi Lorna,

      Please take a look at this guide for business registration/tax procedures for eBay sellers.

      Thanks,
      Andrew

  41. Hi
    Im already selling on ebay (regret havent read ur article ealier, as Ive made some mistakes). Anyway Im thinking about starting business and registering as self employed. What bothers me is tax return…What should I do if i buy stuff on car boot (no recipt) or sell them on shpock with collection (customer paying by cash). How can i keep a track of them? what do u do. thank you

    1. Andrew Minalto

      Hi Anna,

      Sole traders can be quite flexible with this – in cases like these, you can create self-serve invoices that documents the sale. You need to speak with an accountant to learn how to properly create such invoices.

      Andrew

  42. Hi Andrew,

    Thanks for the article, I have found it very useful.

    My questions are:
    What is the best way to deal with tax?
    Will I have to declare my earnings with HMRC
    Will I have to register as a sole trader?
    Is it best to get a business bank account?

    Thanks
    Dale

    1. Andrew Minalto

      Hi Dale,

      Please check out these guides on tax/accounting issues:

      * eBay Tax registration

      * Accounting for eBay

      Thanks,
      Andrew

  43. Hi Andrew
    Would you say it’s better to use the auction or BIN option for used goods. If the auction, what sort of price would you start at?
    Thanks
    Michelle

    1. Andrew Minalto

      Hi Michelle,

      Depends on the item really BUT if you buy used goods to re-sell for guaranteed profit, then you should use BIN listings only – so you know exactly how much money you make once item sells.

      Thanks,
      Andrew

  44. Dear Andrew,

    I am located in Hungary. Do you think it would be reasonable to start selling globally from here?

    Best,
    Eustace

    1. Andrew Minalto

      Hi Eustace,

      It mostly depends on how cheap & reliable your postal system is? What prices you can get on EU Airmail shipments?

      If they’re reasonably low, you could sell small, light weight items to EU, why not!

      Andrew

  45. Hi Andrew,

    My name is Guillermo. I’m from Spain. I’m a student. I have some savings and I would like to start something to get some extra money. I have read your blog and it looks really interesting! I would like to know if the advices that you offer in “Easy Auction Business” are working for ebay.es and if “Terapeak” works in ebay.es? Also I would like to ask you, if you know some cheap european post delivery? So i could send item from Spai to the rest of europe.

    Thanks very much!

    Regards

    1. Andrew Minalto

      Hi Guillemo,

      Thanks for your comment.

      Yes, my EAB course will also work for eBay.es

      No, unfortunately Terapeak does not support eBay.es at this time.

      For European Shipping – Airmail (via your national post) is the cheapest shipping method for anything up to 2kg.

      Thanks,
      Andrew

  46. Paul Bollands

    Hi Andrew,

    I have found your site this very interesting thank.

    I have started an ebay shop, i am based in uk, i’d like get wholesale products, Could you tell me what license i need, for an online toy collectible shop, and were to purchase the license from.

    Paul

    1. Andrew Minalto

      Hi Paul,

      What exactly you mean by a “licence”? License for what?

      You don’t need any special licenses to run an online shop/eBay business.

      Thanks,
      Andrew

  47. Hi Andrew I have been following this method for some time and would like to take the next step and become a business seller I’m a little confused as how if I did this would I get receipts for tax purposes from people I have bought second hand ie gumtree carboot sales also would I need an accountant ?
    Regards Kerry

    1. Andrew Minalto

      Hi Kerry,

      You can do this by creating/writing invoices/receipts for these purchases. For details on how to best format these, you should get a consultation with an accountant.

      But it is totally doable.

      Andrew

  48. Hi Andrew,
    Thanks for your Kind Support. I have to say the Information in this Website is really fantastic. I am a registered Business seller. Sometimes i find good deals from other ebay sellers and they also allow me to buy in bulk (not outside ebay, in ebay deals only).

    As per the ebay policy, is the reselling activity allowed, i.e buying in ebay and selling it again in the ebay?

    1. Andrew Minalto

      It’s perfectly allowed on eBay, sure!

      There are no rules that are against it.

      Thanks,
      Andrew

  49. I think you are misleading people. For example you state that the average selling price for Fifa 15 on the PS 4 is £34-35 which in fact is around £10 or less. You could use the defence that this was posted a while a go but this article was updated within the last 2 days. On Wednesday you were talking about Fifa 13!

    The bargains that you mention are a lot harder to come by than what you lead people to believe.

    1. Andrew Minalto

      Hi Chris,

      Thanks for your comment.

      No, I haven’t updated this article in a while, many months in fact. Why you say it was updated 2 days ago?

      At the time of writing this article, the price was what it was, obviously, now it’s changed. It’s just an example.

      Andrew

  50. Ho Andrew, I would like to say thank you for writing this post as it has inspired me when I am having a difficult time financially.

    I’m have being selling some used items using the auction process, however they are selling prices are not reaching my target.

    So I followed your advice and switched to a But It Now Listings instead. However these but it now listings always end up with zero to just a few views.

    Do you have any suggestions on how to get more views with BIN Listings?

    1. Andrew Minalto

      If you’re selling un-wanted/used items from your house, you should use Auctions, not BIN listings.

      If they’re not reaching your target price, maybe your expectations are too high? Or maybe your listings, titles, product images need to be improved?

      There are so many reasons why this could happen…

      Andrew

  51. Alex Taylor-Grout

    Hi Andrew,

    I can’t find the sell through value for an item I’m interested in. Please help! Is this accessed through Terapeak? If so i have signed up for the free trial and cannot find where this is.

    Alex

    1. Andrew Minalto

      Hi Alex,

      Yes, it is via Terapeak – In-Depth research > eBay Research.

      This is only available to professional/paid accounts.

      Thanks,
      Andrew

  52. Matthew Alcock

    Just finished reading this article, I’m new to eBay and with your advice I’m sure I will be earning amounts of money in no time, I haven’t got a business but as I’m not busy I’m going to grind this process out for the next 2 weeks and I will post again informing you whether it was a success, again thankyou for making this post, I’m sure it’ll help me out greatly. Also may I ask how old you are as you seemed to base this round video games so I was just wondering whether that had a link to your age.

    1. Andrew Minalto

      You’re welcome Matthew!

      No, not at all, lol! I don’t even play video games.

      It’s just good sample product for this strategy, nothing personal! 🙂

      Andrew

  53. Hello Andrew,

    I have to say you are the man! Invaluable information here and thanks for taking so much time to help others. I am just starting out on the road to reselling but find it really difficult. It seems everything that I research or see that I think is a good bargain, when I search for how much it sold on ebay it is around the same price!

    I am starting to feel quite despondent because I really want to make this work. Any tips for me?

    1. Andrew Minalto

      Hi Stefan,

      STOP thinking about the PRICE alone! You can’t compete with lowest price on eBay in 99% cases.

      Spend your time and energy on improved selling tactics, branding, higher product quality, better service, unique features etc. etc. etc. so you don’t and forget about the lowest price! Someone will always be selling your item cheaper than you do, don’t worry about that!

      Andrew

  54. Hey, Andrew I bought your EAB course some days ago and I have started with this Used Goods concept, I was just wondering if you still need to use a template for used goods

    Thanks, James.

    1. Andrew Minalto

      Hi James,

      Thanks for your purchase!

      Yes, you should use a template from SAT directory (you got for free with your EAB purchase) when selling used goods.

      Not only this will make your listings look better, it will also teach you how to create and format proper looking listings for future, when you may want to start selling brand new goods.

      Thanks,
      Andrew

  55. Hi, impeccable website and very nice tips you gave us around here :). I’m looking forward to this business, but…

    Now, I have this old used phone and some other electronics (RAMs, and CPUs) i want to sell on ebay.
    Regarding the phone, i’m concerned with alfandegary or custom taxes i may have to pay. The package comes with a phone, it’s charger and usb cable. (40x30x15 cm, and 1kg.) If lets say I find a seller from uk. How much money I have to consider with this taxes, to make the math?

    Math: [My Price] – [ebay/PayPal fees] – [shipment/packaging] – [custom taxes] right?

    and given this, what shippers you recommend? FedEx, PostOffice, DHL (that seems to be very expensive), Chronopost, etc.

    Cheers

    1. Andrew Minalto

      Where are you based?

      If you’re UK based and buy/sell within European Union, you don’t have to worry about any taxes at all.

      Andrew

      1. I’m based in Spain and afraid to sell only within European Union because of the taxes.

        Cheers

        1. Andrew Minalto

          There are no import duty and VAT to be paid with EU (like it is when someone sells from China or USA) so as long as you sell to EU countries only OR buy from EU countries, you don’t have to worry about taxes at all.

          Thanks,
          Andrew

          1. Anonym.PT

            For items really cheap like less than one pound from China or these asian countries do you think i’ll pay any import duties or the like? I’m Planing to buy some stuff just to increase feedback

            Thanks

          2. Andrew Minalto

            Depends on quantity you import.

            Individual product cost/price doesn’t matter here as all values are calculated per ORDER value.

            So if you import say 200 items each worth £1, that’s total order value of £200 which of course is taxable.

            Andrew

  56. Hi !
    I am just now starting on ebay.. I sold 6 used items but today .. profit is 30 pounds.. I put them on auction. But I dont know how to reserve the price on auction? Or maybe I cant do that? lets say I am selling Top shop ladies high heels and I put and auction from 0.99£ but I want it to be sold at least for 5 pounds. Can I reserve the price on auction?

    Thank you

    Samara 🙂

    1. Andrew Minalto

      Hi Samara,

      Yes, of course – you can set a reserve price for auction listings you run. Here’s more info on how to do this.

      Only thing is that reserve price must be at least £50 or more so it won’t work for cheap items – as you can’t set it to say £10 or £20.

      Thanks,
      Andrew

  57. Well I THINK im glad i stumbled across this website, your advise seems genuine and you have inspired me to start a small store on ebay to sell stuff I have a Paypal account 2x ebay accounts selling and a buying one I think thats what you need to get started yes?

    In your opinion what would you start selling on a limited start up say £250 to invest Im pretty Games/Phones minded so that would be a starting point but maybe you have better ideas?

    I hope you dont mind me asking and great site!

    1. Andrew Minalto

      Hi Darren,

      Yes, it’s all you need to get started (you can actually use even one eBay account for buying/selling but 2 accounts work better, yes as then your customers won’t be able to see where these items are coming from).

      As for which products to start with – you’ll have to do research on this on your own, I won’t be giving you best products on plate just like that 🙂

      Thanks,
      Andrew

      1. TY very much do you think there is a market for things like E Cigs etc or has that ship sailed also Terepak how much is that per month assuming there are different packages which do you suggest a small start up invests in?

        1. Andrew Minalto

          You would want to get professional Terapeak account to get access to all features and it costs $15-$30 per month, depending on what payment plan you choose.

  58. hello andrew, is it possible to access sell through from a free trial on terapeak, or is that feautre only availble for a full subscription?

    1. Andrew Minalto

      you’ll need full subscription for In-Depth product research.

  59. Hi Andrew,

    What a great system this is!

    Just a quick question…

    I want to get into buying blu ray and game bundles and I have seen some good deals in eBay, however most of them as a single item have a poor sale-through, is it still worth buying them because I am struggling to find a good deal? Does it matter if the through is around 20-30 %? Will they sell? The average selling prices are good though.

    Kelvin

    1. Andrew Minalto

      Hi Kelvin,

      I would stay away from low sell through rate items as that usually means theres no demand for these titles.

      Sell through for individual items should be at least 50% and even more, when filter results to used auctions only.

      Thanks,
      Andrew

      1. Thank you ever so much Andrew.

        Any tips for finding great game and blu ray bundle deals on ebay to resell individually? Ones with a good sell through.

        Many thanks again

        Kelvin

        1. Andrew Minalto

          It’s your home work Kelvin 🙂

          Just use Terapeak and search, search, search!

  60. Hi Andrew
    How can I avoid high start bidding price and in other hand make sure my item wouldn’t sold for example by starting bid p0.99

    1. Andrew Minalto

      You can’t….

      you either go one way or another.

      But if it’s a proven seller on eBay, listing looks good, keywords are used in title properly, listing end time is not 3AM in the morning, chances of such item going for £0.99 if it’s real value is much higher are very, very slim…

  61. Hi Andrew,

    Have you ever used Discount – Wholesale as a website to source goods as a starting point rather than importing in bulk. I’m wondering if there’s money in doing this as long as we follow all other steps to do with listing creation, shipping etc.

    Many thanks, and really enjoying your blog.
    Ben

    1. Andrew Minalto

      Hi Ben,

      No, I haven’t used that website….

      If the price is good and you see you can make profit on eBay, of course you can use UK based wholesalers instead of importing from China. Usually though local wholesaler pricing simply isn’t competitive to make profit on eBay. But it obviously depends on each item individually.

      Thanks,
      Andrew

      1. Hi Andrew,

        Thank you for that. What you’ve said is what I’ve found in most cases that their prices simply aren’t competitive enough for what’s been sold on eBay. I guess I’ve just been reluctant taking the importing plunge.

        Thank you for your advice. Have a good day.
        Ben

        1. Andrew Minalto

          no worries, you’re welcome Ben! 🙂

  62. […] Launch at the level you can and build up from there. If you really don’t have enough to invest a decent amount to start your business, then use the ever popular Used Goods Concept that I revealed here: How to Start a Profitable eBay Business with £50. […]

  63. Hi Andrew,

    THANK YOU for your wonderful website and advice.

    I’m looking to start slow, buying and selling preloved items with a small start up, with the intention to go bigger in the future so this guide was ideal.

    I’m finding it a nightmare to locate any games for a good enough price to resell. Would you suggest that this market is now oversaturated on eBay, or am I just looking at the wrong games? If it is now oversaturated, I’d be incredibly grateful if you could offer me some other ideas to start off with? I’m struggling to find my niche….

    Thanks again for your time and energy. I do so appreciate it your site.

    1. Andrew Minalto

      Hi Jayne,

      Please read though the comments on this page – I don’t want to repeat what’s already been said. Yes, video games are oversaturated now as so many people are using this strategy. You’ll get much better profit if dealing with other items, niches which are not that popular, like:

      * Sporting equipment
      * Baby/kids toys, equipment
      * Fitness machines/equipment
      * etc.

      You just have to look for any products that people usually use for some time and then don’t need anymore. These are niches with most activity on eBay, in used goods segment.

      Thanks,
      Andrew

      1. Sorry Andrew, I did read through some of the comments but I guess I overlooked the ones asking the same. Sorry for adding to your workload!

        Thank you so much for your invaluable advice. 🙂

        1. Andrew Minalto

          No worries Jayne 🙂

  64. […] just a few hundred pounds and turned that into a full-time income in 7 months, working with the used goods model. He only managed this because he was highly motivated and spent every free minute he had on his […]

  65. one big thing missed out here is the fact that you need to register with HMRC as a business , so the tax man gets his cut.

    any comments on this as I am new to it all

    thanks
    mark

    1. Andrew Minalto

      Hi Mark,

      I have a separate post on business registration & tax for eBay sellers.

      Thanks,
      Andrew

  66. Hello Andrew!
    I’m from Slovenia and I was wondering what business do you recommend over the internet for me? eBay is a great option, but Britain is a big market, including postage in Britain is cheap, from Slovenia, the post office is much more expensive so its not so profitable I guess? What can you recommend? My budget is approx. 2000 GBP.
    Have a nice day,
    Luka

    1. Andrew Minalto

      Hi Luka,

      First thing that comes to my mind is an eCommerce Shop! While you don’t have eBay in Slovenia, I’m sure online shops are very popular there. You just have to pick a niche and create an online shop you can market online.

      Thanks,
      Andrew

  67. […] proper research on iPhones, iPads and other mobile devices. This can be very helpful for people who work with used goods as it allows you to get proper research data on the go – while at a wholesaler or buying a job […]

  68. Andrew,

    Happy new year, you are a eBay legend. I must thank you for all this information and plus answering all the questions. I will start my research straight away cause I have resources, time and energy.

    1. Andrew Minalto

      Thanks very much James, Happy New Year to you too!

      Good luck with the research.

      Andrew

  69. As a beginner in online business. Please advise me how and what to start with in Ghana with a $5000 capital. Please advise.
    Regards.
    PAM

    1. Andrew Minalto

      Hi Pam,

      Don’t know the online shopping trends in Ghana so it’s hard to give me any advice…

      But if people do shop online there, probably your best bet would be to start an eCommerce shop, selling in-demand items?

      Andrew

  70. […] 4. Starting an eBay Business with just £50! […]

  71. All sounds great but I’d think a start up capital of £50 is nowhere near sufficient.. Paypal take 30 days to transfer money to your account if I buy only 2 items and make a profit of (to use your example) of £5 per item then my total monthly profit for 30 days is £10 if you work that out on an hourly basis say 10hrs (and that’s being very conservative) to locate, purchase and re-advertise items, not to mention walks to post offices etc means that effectively you will earn less than a £1 per hour! If you add in the cost of any possible returns you would be seriously out of pocket. Far better to walk someones dog or deliver pizza ..

    Of course if your start-up capital was much higher; about £250-300 then it might become a viable proposition but given that people considering your method are probably on a fixed/low budget it would be very unlikely that they could invest those sorts of sums.

    Regards

    1. Andrew Minalto

      Hi Mike,

      Thanks for your comment.

      Why does it take 30 days for you to make transfers from PayPal? Even more, you don’t have to take money out of PayPal – you leave it there as you’ll be purchasing goods from same eBay, where PayPal is default payment method.

      Obviously, it’s recommended to start with a higher budget BUT I used £50 just to show that this concept can be doable even with such low investment (and it can).

      Thanks,
      Andrew

      1. Hi Andrew

        Thanks for the reply.

        It is not a personal decision to wait 30 days before taking money out of Paypal. Rather that, for new sellers, Paypal insist on retaining your money in moratorium for the duration of that period. Further, you cannot spend or transfer this balance in any way.

        Whilst you or I may consider this practice underhand and/or immoral, Paypal can and do make a great deal of money from your money, hence their understandable reluctance to part with it. All, “New” and by “New” they mean any seller who has has not met their “Trusted” criteria are subject to this rule.

        Both Paypal and Ebay are very non-specific as to how one earns “Trusted” status, but I gather from other forums that you may have to sell around 100 items with zero complaints and/or negative feedback before they will reduce the moratorium from 30 days to 7 days.

        As I said in my earlier post whilst your methods are faultless, and I appreciate the fact that they hold true regardless of the amount of start-up capital, it concerns me that people on a very low budget or in receipt of welfare benefits, (I note from some of the above posts that this seems to be the demographic) would be tempted to try this, perhaps not fully realising that with just one returned item they will lose any profit they had anticipated as well as in all probability a significant amount of their own money.

        In summary, given the current status of Paypal withholding funds for a period of 30 days and the financial risks involved with a very small amount of start-up capital I would implore people to consider other lines of work be it baby sitting dog walking delivering newspapers whatever until such times as you’ve raised sufficient funds to allow for a 30 day rollover and are in a position to absorb loss.

        Kind regards

        1. Andrew Minalto

          hmm, I have recently opened 2 new PayPal accounts and didn’t have any such limits in place.

          Those very business accounts though, fully verified – maybe that sets it apart.

          Have you fully verified yourself with PayPal, including ID, credit card, bank account and address?

          1. Sorry for the delay in replying Andrew I was a little busy.

            Business accounts are subject to the same parameters as private sellers in terms of the length of time they withhold your payments. All I can say is I have been with ebay two years have a score of 425 and am an above average seller and my account has been verified with Paypal inc. ID credit card and bank account.. However, when I was selling something yesterday I was warned about this paypal business again here’s their link to the page.

            It clearly states that unless you meet pretty rigorous criteria your payments will be subject to a 21 day moratorium. Yes it says 21 days, but in effect it is 30 days minimum ! As on or about the 22nd day your payment will be displayed as completed but it will still take a further 5/6 days before it shows up in your bank account. Remember these are working days so if your money is marked as completed on say a Monday it will be the following Monday before the cash is in your account.

            In these days of Faster Payment Systems it should be a matter of hours but as I said earlier Paypal are a business and the longer they can keep your money the happier they are..

            They’re are tons of posts on the topic in Paypal forums and a quick Google search will reveal the extent of peoples anger.

            Of course Paypal are not bothered in the slightest what their customers want or deserve and, as they’re NOT a financially registered institution they can do whatever they like.

            As I said, some great ideas from you but buyers should be aware of this 30 day debacle.

            Kind Regards

          2. Andrew Minalto

            Yes, I know the 21 day rule etc.

            But what I’m saying is that:

            a) it only applies to new accounts;

            b) even not all new accounts get these limits.

            I don’t know why but they do not limit all new accounts. My accounts have never had any limits plus I have been working with many, many people in my 60DBP and I can’t really remember anyone with these delayed payments. Maybe one or two over last 5 years.

            Not sure what criteria they use but all accounts are not treated in same way.

            Thanks,
            Andrew

  72. Gary Morrall

    Hi Andrew, you want us tyo pay £67 for your advice but how do we know that your advice will help us??? for all we know you might be a scammer or it might be a load of of rubbish. the reason I think this – because when I do a search on google or in ebay I come across this kind of stuff so many times

    1. Andrew Minalto

      Hi Gary,

      Thanks for your email.

      This blog has hundreds upon hundreds of comments which all have been personally answered by me. If by reading my blog you still think I’m a scammer, well, then… I won’t try changing your mind.

      There are also testimonials of my products and services on every corner of this blog and product websites, from real, genuine people – even some video testimonials.

      Thanks,
      Andrew

  73. Great post Andrew which I have found very helpful and informative. I am planning to invest £100 to start buying/selling goods on ebay and wanted to know what you suggest with regards to setting up an ebay account. I currently have a personal one with 100% feedback but having done some research ebay suggests I register as a business seller as I will be purchasing goods to sell for a profit. Is this correct? Do I have start a new ebay account and build it up again? Also how do you register as being self employed? This will be a part time venture to try to make a bit extra . Thanks

    1. Andrew Minalto

      Yes, you need to upgrade your account to Business. No, you don’t need to open completely new account – you can simply upgrade your current personal eBay account to business.

      As for registering as self employed, please check out my eBay tax guide.

      Tanks,
      Andrew

  74. Hi Andrew. Enjoyed your article here. I’m just wondering how this model can be scaled – I know that there are profits to be made (even paying eBay 10% twice to buy then sell) but through years of an eBay education now believe that to make serious money like this requires a reliable source to exploit the momentum of early success. Any thought?

    1. Andrew Minalto

      Hi Charles,

      Yes, this model can be scaled and best way to do it would be to buy LOCALLY! Advertise your company in local community, newspaper, Facebook groups etc. so that you can buy used goods directly from people, paying cash on collect this way getting better prices and avoiding shipping/PayPal/eBay fees.

      Thanks,
      Andrew

  75. Hi, thanks for this site, I am trying out this technique but I find it very difficult to find the true market value of games and often cannot find any good deals for the games, is there any advice you could give me , I’m 14 by the way:)

    Thankyou 🙂

    1. Andrew Minalto

      Hi Reece,

      Thanks for your comment.

      Video games is just one product group – one that is very competitive as it has such a high liquidity.

      My advice would be to look into other niches/products, which are not as competitive and where price differences between buy/sell prices are higher.

      Thanks,
      Andrew

  76. […] have explained about buying used items at cheap prices and selling them for a profit. I am just trying to sell a few items to start with and need your advice on how to price an item […]

  77. Hey,
    I was wondering if this could work for me as I’m currently living in The Netherlands. It’s close to the UK but I just want to be sure.

    1. Andrew Minalto

      Hi Carlos,

      Thanks for your comment.

      You’re next to eBay.de which is a HUGE site, as well as eBay.be. I think it would be better for you to concentrate on these two regional sites, instead of .co.uk as shipping times/cost will be lower for you.

      Or you could buy from UK site (lower prices) and sell off on eBay.de and eBay.be

      Good luck!

      Thanks,
      Andrew

  78. FIFA 13,£26.99??? I haven’t seen it priced for more than 12 quid, to coin a phrase.

    1. Andrew Minalto

      Hi Rob,

      Thanks for your comment.

      This post was not published yesterday so obviously prices for my example items have changed since I wrote the post.

      Thanks,
      Andrew

  79. Hi Andrew

    Your post is most informative as are the many replies to the comments. I am hoping to help my son set up an e bay business in order to supplement his studies. In the process of our research I have come across the term drop shipping; I think I understand it, but is it legitimate and if so where is the best place to start? He is planning to source and sell golf equipment as he is a keen golfer and therefore has product knowledge.

    Look forward to your reply

    Liz

    1. Andrew Minalto

      Hi Liz,

      Thanks for your comment.

      Yes, dropshipping is completely legitimate business concept. Only thing – you have to know that there are thousands of SCAM drop shipping websites online so you have to be extremely careful with finding drop shippers.

      I would recommend you first checking out this guide.

      And then decide if you still want to follow this model.

      Thanks,
      Andrew

      1. Hi Andrew

        I don’t think dropshipping is for us!

        Do you think there is enough of a market to start selling used golf equipment on e bay?

        Best

        Liz

        1. Andrew Minalto

          Hi Liz,

          My guess is yes, as it’s a huge market!

          But to be 100% sure, do Terapeak research and use USED filter to get data only for second hand goods.

          Thanks,
          Andrew

  80. Hello Andrew,

    I noticed your products graphic design (like a box with a cd, feather pen, etc.), and there is a ticker in the corner of the box, that it is “Compatible with Windows 7”.

    Does that mean I cannot run it on Apple Mac OS?

    With regards,
    W

    1. Andrew Minalto

      Hi Wojciech,

      Thanks for your comment.

      That’s really a graphic and doesn’t mean anything 🙂

      All the videos work on PCs and MACs, including mobile phones & tablets.

      Thanks,
      Andrew

  81. Do I add the sellers postage fees to max buying price On the spreadsheet?

    1. Andrew Minalto

      yes, you do.

      1. thank you, much appreciated, as above.

        1. No hang on a moment, I add them to the maximum buying fee, example £13 becomes £15? Or should I subtract them, £13 becomes £11?

          Could I input them into the other costs so the spreadsheets formula works the calculation out?

          Regards,
          Mike.

          1. Andrew Minalto

            if you have to pay extra postage to buy an item, you have to include it in the maximum buying price.

            If your max buying price is £13 and shipping is 2 quid extra, it means you can buy item for max £11, so that with 2 pound shipping it is £13.

            Hope that clears it up!

            Andrew

  82. Hi Andrew, how do you work out you ROI on each product?

    1. Andrew Minalto

      Hi Mike,

      ROI – Return On Investment can be calculated using this simple formula:

      (Sale price – cost of goods/eBay/PayPal/Shipping fees) DIVIDED by cost price for that item and multiplied by 100 (to get %).

      For example:

      * Cost price – 10 pounds
      * Sale price – 20 pounds
      * Fees – 5 pounds

      ROI: (20-5)/10 * 100% = 150 %

      You invested 10 pounds, made a 5 pound profit which is 150% of what you initially invested.

      Hope this helps!

      Thanks,
      Andrew

  83. Hi and thank you for a very professional guide. Would you kindly tell us if you could provide a start-up guidance with £600-800 capital?

    1. Andrew Minalto

      Check out my Easy Auction Business course!

      Andrew

  84. Hi Andrew.
    I just want to write and say a very big Thank You to you.
    You have written this plan in good plain English, easy to understand, no jargon and above all with great professionalism.
    I now know where I have been going wrong on Ebay. Your help and advice has been ‘heaven sent’. Once again, Thank You.

    Regards,

    Carl

    1. Andrew Minalto

      Thanks Carl!

  85. Under the ‘Conclusion’
    you asked to create two ebay account; for this purpose
    “Just so that buyers can’t see in your feedback where these items are coming from and at what prices they have been purchased.”

    Can you explain further?
    Dont you think buyers will discover you’re reaping them off when they see you’re buying low to sell high?

    Kind regards

    1. Andrew Minalto

      Hi Chuks,

      Thanks for your comment.

      For that reason I DO recommend that you use 2 accounts – one for buying and one for selling. This way buyers won’t be able to see where you source goods by looking at your feedback.

      Thanks,
      Andrew

  86. Hie Andrew,your ideas really put an impact on my life,I’m in South Africa and would like to hear your thought,I’m thinking of starting off with buying second hand cellphones on Ebay and sell them here in SA..my worry is customs and guarantee from the people I will be dealing with..and would I be I allowed to receive items in bundle aswell in my country?would appreciate a lot for your reply

    1. Andrew Minalto

      Hi Kaja,

      Yes, I think this could work for you, why not? If the numbers add up that is.

      You could purchase phones in UK and get them delivered to a mailbox, such as:

      http://ukpostbox.com/

      When you have say 5 or 10 phones ordered, consolidate them into one shipment and get them delivered to SA.

      There won’t be any real guarantees so make sure you purchase only from reputable sellers, with good feedback. As for the customs – I don’t know how it works in SA so you’ll have to do some local research to find out what taxes and how much you’ll have to pay on these imports.

      Hope this helps Kaja!

      Andrew

  87. wayne seymour

    Hi Andrew,
    I have never bought or sold anything on E Bay before. I am currently out of work due to a massive stroke I had two years ago. I have no income except for a few computer repair or upgrade jobs I may happen to get now and then. I am not looking to make a million dollars or even try to become wealthy i would be dsatisfied just to be able to make $500.00 per month if possible to pay for my expenses. Is it possible for me to achieve that by selling on E Bay, and can I rely on you to give me a few pointers on thing . once i decide to start?

    I would really appreciate it.

    Best Regards,

    Wayne

    1. Andrew Minalto

      Hi Wayne,

      Making $500 on eBay per month is very realistic, even using this simple concept of buying and selling used goods.

      You’ll need some money to invest initially though.

      Thanks,
      Andrew

  88. Hi Andrew,

    Great stuff as usual. I’ve been doing this over the past few weeks and just wanted to propose an addition/cautionary tale to your article.

    I’ve been doing this for games and have whittled the market down to a hand full of games with good sell-through etc.

    The only issue is most sellers don’t include a return address which means there is almost no way of ascertaining which item goes with which seller, or worse: which seller’s item hasn’t turned up yet.

    This either means potentially opening a case against the wrong seller or just absorbing the loss.

    Thoughts?

    1. Andrew Minalto

      Hi James,

      That’s an interesting observation and good one.

      In my experience though most sellers do include returns address but if they don’t, I can see this being a problem that actually can’t be fixed in any way..

  89. Hi there,

    Really great article here, I was wondering how do you come across such good deals on games for instance , I can’t seem to find any popular games that I could make a decent margin on.

    Thanks
    Tom Marshall

    1. Andrew Minalto

      Hi Tom,

      Video games market is pretty saturated nowadays so I would rather recommend looking for other types of goods – small electronics, toys, fashion items – anything really that isn’t as saturated as video games or movies.

      Also, the real power with this strategy lies in BUNDLES! They carry the highest margins and un-like with single items, when you purchase a good bundle, you’re good to go with at least 10+ items.

      Thanks,
      Andrew

  90. Nic Churchill

    Hi Andrew,

    Firstly, let me congratulate you on a great blog, I’ve found it very informative and inspiring.
    I am about to start up on ebay by selling trading cards, buying them in “booster boxes” (which contain around 200 cards) and them selling them off individually. I was wondering if you had any specific hints or tips for this type of product?
    Also, regarding going self employed, do you know if you can put ebay sellers fees on your tax return as business expenses?

    Many Thanks

    Nic

    1. Andrew Minalto

      Hi Nic,

      Thanks for your comment.

      Unfortunately I have no experience with trading cards and similar products so can’t give any specific advice on these….

      As for eBay/PayPal fees – yes, of course – those are business expense.

      Thanks,
      Andrew

  91. Hi Andrew,

    I have tried looking at bundles on ebay to sell individually. I have looked at DVDs, blu rays and video games and for the life of me i cannot find any that i could make any profit on. All of the bundles i have seen are selling for the same price you would get if they sold separately. I also tried looking at used items to sell on but can’t find any like the Fifa 13 game you mentioned. Am i doing something wrong or is it that a lot of other people are doing this now? I have spent hours trawling ebay and have yet to find anything.

    Many thanks,
    Aaron.

    1. Andrew Minalto

      Hi Aaron,

      Thanks for your comment.

      There are thousands of such opportunities on eBay every single day, so it simply can’t be true that you can’t find anything at all.

      Few tips:

      * Make sure you check out regularly Newly listed bundles with BIN/Best Offer prices and grab them instantly if the price is good, make an offer.

      * Use sniping tools to win auctions. The biggest money is in auctions and NOT BIN listings! So you want to find a sniping tool you like and use it on as many listings every day you can.

      * Look for bigger bundles. In general – the more items there are in the bundle, the more money you can make by re-selling them individually.

      * Think outside the box! While video games and Blu Rays is an obvious target, as you say – many people now follows this model, hence the increased competition. But this system can work in ANY niche, with ANY items! Just look for other niches, explore other product categories. IN fact, they’re way more profitable than video games or Blu Rays.

      Hope this helps Aaron!

      Thanks,
      Andrew

      1. Hi Andrew,

        Thanks for replying.
        I don’t think i’ll bother with video games or DVDs, i’ve been looking for days and can’t seem to get anywhere. I thought about trying what you did with Fifa 13, and tried to get hold of copies of Titanfall on the xbox, the average used copy were selling for about £35 and figured if i was to make £4-5 on each i’d have to get it for about £20. Despite watching about 30 listings they all went for about the average. I tried this with a few other games (minecraft, GTA and a few PS3 titles) but to no avail. I,ve looked into some toys (moshi monsters, fisher price) but have no knowledge of these and have yet to find anything worth bothering with, unless making 20p-30p profit per listing is worth it.
        I guess i’ll just keep plugging away as i can’t work due to problems with anxiety and depression and i am looking in to finding a way to work from home.

        Many thanks,
        Aaron.

  92. […] there are still plenty of things you need to learn to start selling on eBay but in general; it’s far easier compared to online shops. On eBay, you can start with one […]

  93. Hello Andrew
    I have read your post and I found it very interesting and useful. I have a question, I want to know how to send small parcels ( about 200 G) for less than £1 because I know minimum cost is £2.80 with Hermes but I have bought many items for less than £3.
    Could you please explain how is possible and what is the best way for sending small pack in UK.
    Sorry about my writing because my language is not very good.
    Thank you very much for your time and information.
    Moh

    1. Andrew Minalto

      Hi Moh,

      Thanks for your comment.

      The cheapest way to send 200g packages is via Royal Mail, unless they’re bulky type of items where My Hermes will be cheaper.

      So just head to RM website and check their prices using an online calculator.

      Thanks,
      Andrew

      1. Hello Andrew
        Thank you for your answer
        I have checked RM and found that cheapest price is £2.80 (2nd class) and I am still confused because as I wrote I have bought items for less than £3 and I cannot understand how because there are many cost like item price, packing, posting, profit and ebay commission.
        Do you know any cheaper way?
        I really appreciate for your information

        1. Andrew Minalto

          I’m sorry – but what do you mean by cheaper way?

          Royal Mail costs what it costs, same for eBay & PayPal fees.

          Yes, you gain few % when you have business account with RM and save on PayPal fees with decent turnover but still, we’re talking about max 10% savings here. The fact that there are items being advertised for 3 quid on eBay, doesn’t mean that seller makes profit on them.

          1. Hi Andrew
            Thank you very much for your help

          2. Hi Andrew

            Maybe you can explain why people decide to sell on ebay without making any profit.

            Thank you.

          3. Andrew Minalto

            Hi Joyce,

            Thanks for your comment.

            I don’t think people start an eBay business with that on mind 🙂 At least not majority…

            The fact that many of them end up loosing money is true though and usually is caused by lack of knowledge, experience and simple understanding on how to make it work.

            Thanks,
            Andrew

  94. Hi Andrew,

    Firstly I want to say that your information is superb. I have truly abused your generosity of providing it for free by watching and reading most of what you’ve got to say. Currently I’m looking at this part time for some extra cash but after everything I’ve read I’d feel comfortable in expanding to something bigger if the notion were to take me. I would maybe need to buy Easy Auction Business partly as a thank you but also I am sure there is plenty of invaluable information in there.

    Anyway, so I’ve started out with selling things of my own that I was going to be selling anyway before I discovered all this info. I was wondering what is the best method of selling, BIN or Auction? Reason I ask. Once I research the price I’d be looking for and set the auction to around that price would this potentially make my listing unsellable even if its a fair price because people might not deem it enough of a bargain when there are listings starting at 99p. Or, by more or less following all of your advice ie attractive listings etc, will that not make too much of a difference. I’m prone to waffling so my apologies but I hope what I say makes sense.

    Thanks again for your help to this point and I look forward to your reply.

    Cheers,
    Stuart

    1. Andrew Minalto

      Hi Stuart,

      Thanks for your comment.

      In general, while in this “house clearance process”, I recommend selling everything via Auctions with a starting price of 0.99 and let the market determine how valuable each item is. Unless it’s a very rare item of course, then you’ll want to list it as BIN only.

      So yes, I recommend auctions. The problem with BIN listings is that you won’t get that many views on them, if it’s a competitive item. With Auctions, you DO get views as auctions are featured higher in search right when they’re launched and few hours/minutes before they end.

      IF you really need to achieve a certain value for an item, then yes – you can list it as an auction with a starting price of your target price. But of course, be ready that no one bids on it as bidders are really looking for those 0.99 listings, even if they over-pay in a bidding war at the end…

      Hope this helps Stuart!

      Thanks,
      Andrew

  95. Hi Andrew,

    Good post.

    Just wondering whether it is best to sign up for an ebay shop when starting up a business on ebay or just sell as an individual to begin with?

    What are your thoughts?

    1. Andrew Minalto

      Hi Sophia,

      I recommend starting with a shop subscription because only with a shop subscription you can have Good Till Cancel listings.

      Thanks,
      Andrew

  96. Hi Andrew,

    Thanks for this amazing read, it really clarifies everything and makes it extremely simple!

    I wanted to ask:
    1) When would you use 30 days listing as opposed to 7-10 day listing and vice versa (i.e. is there a difference between listing length with auction and fixed price listings). Also, if it is 7-10 days would this decrease the chance of how many buyers view the item?

    2) Is there a template that you could provide to keep track of your profit and loss?

    Look forward to your response.

    Kind regards,

    Shohaib

    1. Andrew Minalto

      Hi Shohaib,

      Thanks for your comment.

      1) I would only recommend using 30 days when you sell a very rare item, with little to no demand and competition.

      2) Sorry, don’t have such ready for public but thanks for an idea, I may create it in future!

      Thanks,
      Andrew

  97. Chris Combemale

    Hi Andrew,

    Really useful info here – could you elaborate a bit more on scaling it up and dealing in wholesale goods?

    Thanks,
    Chris

    1. Andrew Minalto

      Hi Chris,

      All that + many more you’ll find in my EAB video course.

      Thanks,
      Andrew

  98. Hi,
    Like many on here I am doing research prior to starting a business buying and selling on Ebay and despite research and having no special knowledge of any one product I am struggling to find what the best thing is for a beginner to sell just to get my feet in the water.
    Any advice?

    1. Andrew Minalto

      Hi Gary,

      With used goods concept, you can start with almost any product that has decent demand on eBay.

      Pick something you’re already familiar with, so you can make the market research, find selling prices easier and make your first deal.

      IN general, for this concept, these are the most obvious product groups you can start with:

      * Video games, consoles
      * Mobile phones
      * MP3 players
      * DVDs, Blu Rays
      * Toys

      Thanks,
      Andrew

  99. joshua hinch

    hi andrew,

    im a 16 year old who just wants to be making about as much as possible weekly selling on ebay, just roughly what do you reccomend i buy to be making the money, i have a current budget of £45 and a hell of alot of time on my hands. any thing will help.

    many thanks,
    joshua

    1. Andrew Minalto

      Hi Joshua,

      As said in the guide, these are product groups that are perfect for this concept:

      * Video games, consoles (all gens).
      * DVDs, Blu Ray’s, audio CDs
      * Toys
      * Small electronics (MP3/MP4 players, smart phones etc.)

      Just pick one product group you know most about and just get started by researching and buying your first item!

      Good Luck!

      Thanks,
      Andrew

  100. hello again,
    adding you to my favorite page!!!
    Thanks again for all of the valuable info I keep finding!!!

  101. Hi Andrew,
    I’m glad I ran across your website. You have so much information which is very easy to follow and well laid out! yeah!!! Any way I am just average seller but I do want to make a profit and so I always research product I am selling. You have lots of great ideas and website tools. I used to sell on ebay a few years back, okay several, and things have changed a lot. Different times call for new strategies, which you did touch base on,.My question has to do with shipping ,I see that ebay is charging a percentage for shipping also, which I understand why, but I have read where there are incentives to add d free shipping and bump the item price up. Back in the day I used to start items at low bidding. I don’t want to put reserves, or bin I like auction style. but I don’t want to get burned or my auction by starting low and gosh forbid no bids lol.. or overlooked if I start high and even higher with free shipping.. I also need to see what paypal is charging these days.
    I have also and still do go to completed items? I will check out some websites you listed and continue investigating. sorry this is long , an not the best punctuation. . it will get real good after I or 2 listings. Anyway thanks for all off your great info.
    Thanks Brenda

    1. Andrew Minalto

      Hi Brenda,

      Thanks for your comment.

      Yes, indeed – lots of things have changed over the years on eBay and if you haven’t sold on eBay recently, you’ll need to do some research.

      One important thing you want to read about is Top Rated Seller status and how it affects eBay nowadays.

      Thanks,
      Andrew

  102. Hi Andrrew. There are some really useful points on here but so much information to take in and absorb. Looking at your other post about becoming a TRS in 30 days…us it worthwhile following that plan ie registering business account etc if starting on a smaller scale as per this post?

    1. Andrew Minalto

      Hi David,

      Sorry, what exactly you’re asking?

      Please clarify your question…

      thanks,
      Andrew

      1. Hi Andrew.

        Sorry if it wasn’t clear. I am looking to follow this idea (start with relatively cheap used stock) together with some cheaper new items too. I have also read your post about getting TRS status in 30 days. Is it worthwhile/possible to combine the two principles. Reason I am unsure is due to the added costs of selling on a business acvount and/or having a shop subscription.

        Another concern is if I am selling a wider range of goods for instance DVDs, phone accessories and clothes. Will that look bad to potential customers or should I be setting up individual accounts/shops for each product type?

        1. Andrew Minalto

          Hi David,

          Thanks for clarifying that.

          1) You can definitely do that! These both concepts actually work great together and while you’ll selling used items, together with new stuff you’ll reach TRS in no time and then you can expand more in new goods. You don’t need shop subscription in the beginning but to get TRS, yes, you’ll need to upgrade your account to business.

          2) If you’re just starting out on eBay, keep it real simple! Sell everything from one account and if at one stage you decide to go into a specific niche market, then open a separate eBay account/shop for that niche.

          Hope this helps!

          Thanks,
          Andrew

          1. It does help a lot. Thanks Andrew

  103. Meital Avam

    Hi Andrew,

    I have to tell you that you are by far one of the best and most reliable sources for ebay begginers and QA’s on the various issues. i love reading your stuff. very high quality and i appreciate it.

    In regards to your recommendation above to stard a sell as a bid- i have a feeling this would be a good strategy for me as i sell msotly vintage and antiques and second hand, but i have always stuck to buy it now for fear that i might have to undersell the items if thehighiest bidder bids for less than the products worth.

    how can i avoid this risk?
    i know that i can state a reserved price, but is that enough or is there something else i am missing in this tactic?

    thanks in advance for your input.

    1. Andrew Minalto

      Hi Meital,

      Thanks for your comment, it’s great to hear you find my blog valuable!

      To minimize risks of underselling your items via auctions, do research first. Either via Terapeak or eBay’s Advanced Search > Completed Listings Only, see for what kind of prices this particular item has been sold recently. And is there enough demand for it?

      If there are at least few recent sales, especially auctions that ended with your target price or higher, using Auction format is pretty safe.

      I don’t like Reserve function as it somehow devalues purpose of auction. What you can do instead is start the auction at your absolute minimum price. This means, the first bidder will reach your minimum price and you’re essentially protecting yourself from potential loses.

      Hope this helps!

      Thanks,
      Andrew

  104. Hi Andrew,

    Excellent info and advice which has been very helpful to me.

    I have been looking at esources.co.uk as a supplier of wholesalers and info on eBay sales similar to Terapeak and was wondering if you have used their services or know anything about them?

    Thanks
    Gerry

    1. Andrew Minalto

      Hi Gerry,

      Thanks for your comment.

      I won’t comment about them as last time when I did publish my opinion about them, they wanted to take legal action against me (bluffing of course). Anyway, if you do some search on Google for “esources scam”, you’ll find plenty of resources on this topic.

      You can make your own conclusions based on this information now.

      Thanks,
      Andrew

  105. Hi Andrew,

    I have a question that I have been trying to find an answer to and it is starting to hurt my brain. I have been researching profit margins and markups and still no viable answer as yet. Maybe you can help me with this riddle.

    If you start with £50 and then you buy two items for £15 as in your original example, and sell them for £26 each netting you a £5 profit each. that all sounds well and good. However, and this is my dilemma, you now only have £10 profit to reinvest into the next item. Its not enough profit to buy two more £15 pound items. To me it sounds like diminishing returns.

    This £10 profit doesn’t even cover my time for sourcing, selling and shipping the items because in order to make any more money I will then need to reinvest that £10 into more stock which is going to only provide say £3 profit. And so on.

    How do you actually make any money if your profit keeps getting smaller and smaller each time you re-invest it into more stock?

    I am completely confused or maybe just missing a critical piece of the picture.

    Please help!!

    1. Please disregard my previous question. I just figured it out. I feel like such a numpty!

      When I sell the items for £26 each I will have received my original investment back, plus £10 extra. So I could buy two more £15 items plus a £10 item and the whole process starts again.

      I knew I was missing a critical bit of information, it just happened to be my brain!

      Thanks

      1. Andrew Minalto

        Hi Obray,

        EXACTLY! 🙂

        You answered your own question.

        Let me know if you need help with anything else.

        Thanks,
        Andrew

  106. Hi Andrew,

    I am looking to start small budget business on ebay. I’m done thinking what I’m gonna selling on ebay but there is one problem that seems quite intimidating, the postage. Because mostly the items I want to sell they’re prices under 15 pounds, some of them are under 10 and few under 5. So if the actual item cost 1.99 then how can I find the postage cheaper than the product price. I will really appreciate your response.

    Thank you.

    1. Andrew Minalto

      Postage costs what it costs – not much we can do about it!

      For small/cheap items you’ll want to use Royal Mail and you can check prices out on their website here.

      Thanks,
      Andrew

  107. Hi Andrew,

    Very informative and like most before it has given me confidence to start up in the preowned games section, my question is or rather could you tell me if there is a dedicated Uk chart site for pre owned games? I came across one I think ? But that was for the US market.
    Many thanks
    Darren

    1. Andrew Minalto

      HI Darren,

      What exactly you mean by “chart site for pre owned games”?

      Let me know.

      Thanks,
      Andrew

      1. Sorry didn’t make my self clear ,

        Like the top 20 brand new chart for music, dvd etc but for preowned games if one exists?
        Many thanks

        Ps done my turbo lister templates with help from your video
        Cheers
        Darren

        1. Andrew Minalto

          hmmm, not sure there’s such a chart….

          My guess though is that current/new releases chart is pretty much same as with used ones. As whenever a game comes out, just few days after the releases demand for used game is there.

          So you can use top seller charts on Amazon/Play and other sites to get idea on what titles are top right now.

          Thanks,
          Andrew

  108. Hi Andrew, great article! You’ve certainly given me fresh enthusiasm and motivation to be successful at this. I’ve been trying for a good week to buy used products at my target price but am not having any luck at the moment. Do I need to be patient or start looking at other ideas with a greater range of final sale prices??

    All the best,

    Dan

    1. Andrew Minalto

      Hi Dan,

      Thanks for stopping by.

      Most likely you have picked wrong products? Also, how do you monitor prices/auctions? Do you use a sniper tool or something similar?

      As that’s the only way to catch those auctions at low prices.

      Thanks,
      Andrew

  109. Hi Andrew,

    The process and tips above are fantastic, thank you so much for sharing.

    I had a quick question on the final selling step, do you only recommend selling items through BIN listings? Otherwise how would you ensure that the break even price is achieved?

    Thank you in advance,

    1. Andrew Minalto

      Hi There,

      Thanks for your comment.

      Yes, in most cases I recommend using BIN format, especially if you’re a TRS – then only use BINs as they guarantee you your target price.

      But while you’re working towards TRS status OR dealing with items with severe competition, you can also use Auction listings as they get featured higher in search results. What you do is use auctions and set the starting price same or close to your target price. This means – the first bidder will actually reach your target price and even if no one else bids, you still arrive in profit.

      Hope this helps!

      Thanks,
      Andrew

      1. Thank you Andrew, that makes perfect sense.

        I had one more question regarding postage costs when BUYING items as they can vary greatly (i.e. some Blu-Rays will be advertised with £1.20 postage and some with £4.50)

        Do I need to take the postage costs away from my max buying price to ensure I am hitting to intended profit level?

        Thanks again for all of your wisdom!

        1. Andrew Minalto

          no, you need to include shipping costs in your buying price, otherwise you won’t get accurate numbers.

          Thanks,
          Andrew

  110. Hi Andrew, This is one of the best site I’ve found on eBay Selling. I am from Srilanka, do you think this model is viable for us too?

    1. Andrew Minalto

      Hi There,

      Thanks for your comment.

      Not sure really about Srilanka… you’re so far away from USA/UK or any other active eBay marketplaces and probably shipping would kill all potential profits.

      Probably you could try importing some stuff and sell locally?

      Thanks,
      Andrew

  111. Hi Andrew I wish I would have found your site before as I think I may have made a mistake. I recently thought about selling products on ebay, I sourced wholesalers & purchased a few new items (small household goods). I was advised by a member of ebay staff to open an “ebay shop” which I decided on & went for the “basic” one which works out at £20 per month. Upon reading some of your posts I’ve read about going from an ebay account to a seller account which you state is free. Is this something that I should have done? I’m looking into doing this full time. Thank you in advance

    1. Andrew Minalto

      Hi Sophie,

      Thanks for your comment.

      You haven’t done anything wrong really – if you have a shop’s subscription, it means you already have seller’s account.

      Thanks,
      Andrew

  112. Hi again Andrew i purchased your EAB video course which i am half way through
    which is superb covers every base

    just got 1 question right now just selling dvd’s mainly at the moment , do you think its better to do auctions or BIN listings ??? or both??

    1. Andrew Minalto

      Hi Dom,

      Thanks for your EAB purchase!

      Are you selling brand new or used DVDs? And are you a Top Rated Seller?

      Let me know.

      Thanks,
      Andrew

      1. Hi Andrew thanks for getting back to me !!

        i am selling more used dvd’s but i am selling some brand new one’s as well

        but long term i am looking to sell brand new one’s

        just having a clear out of my dvd’s to raise more cash towards to my new business

        no i am not a top rated seller , only just started selling of late

        1. Andrew Minalto

          If you sell used DVDs, it’s best to use auction type listings for them. This way you’ll get rid of them quicker and will achieve market’s average price +/- if your listings look all good. For rare titles you can use 30 day BINs (they won’t attract that many bidders).

          New DVDs – when you’re a TRS, list them as BINs and if hold multiple of same title, use Good Till Cancel listings.

          While you’re working towards TRS, still auctions will be better as you’ll get way more views.

          Thanks,
          Andrew

  113. Hallo andrew

    What is the BIN listings ?

    1. Andrew Minalto

      Hi Abdul,

      Thanks for your comment.

      BIN stands for Buy It Now listing.

      There are 2 types of listings on eBay:

      1) Auction Style listings

      2) Buy It Now listings

      Thanks,
      Andrew

      1. Thank you Andrew :
        I have many questions either :

        1- When I make auction style listing ,Can i determine the slowest number I need ?

        2- When I bay a product ,how i can guaranty that is the product is like the description ?

        3- When i add listing in ebay, will be the first result in the search ?

  114. Hello. I am interested in doing this method with video games/DVDs but not with the ambition to be earning a big amount of money from it. Say £25-£50 a month just to help with bills etc. My main question is as I’m not going to be making a lot of money doing this do I really need to go through the self employed route? as I’ve done this before and it can be very tedious.

    Also I have read on money savings expert that if you are selling used goods then its not taxable. Its only taxable if your are selling brand new and boxed goods. is this correct?

    Many thanks

    Paul

    1. Andrew Minalto

      Hi Paul,

      Thanks for your comment.

      Technically, by law, it would still mean you’re doing a business, so yes – unfortunately you will have to register as a sole trader. You shouldn’t pay any tax on such small scale anyway, due to tax allowance but I’m not an accountant so can’t tell for sure.

      You should get a consultation from a professional accountant who will tell you best way to do this.

      Thanks,
      Andrew

      1. Hi Andrew,

        Thanks for getting back. I will seek advice about the tax but if it involves having to become self employed again I think will give it a miss. Have done this before and it turned out to be a far from simple process. Perhaps i just had a bad first experience?

        Thanks again

        Paul

        1. Andrew Minalto

          Hi Paul,

          All you have to do really is keep records of all sales and expenses (can be in a simple Excel format) and once a year do your tax return. If you plan on doing this on small scale, accounting really shouldn’t be the problem here.

          And most likely you won’t pay any tax either due to your existing tax allowance.

          Plus if you want to make it even simpler, you can always use online accounting software like Kashflow.

          It can get expensive though if you plan on selling just few items a month. But as I said, you can use Google Drive/Excel too and simply organize your sales and expenses there.

          Thanks,
          Andrew

        2. Hi Paul,

          I was wondering about this as well and just wanted to know if went and spoke to an accountant etc? And what they told you.

          Thanks!

          1. Andrew Minalto

            Hi Chris,

            Check out my business registration & tax guide.

            Thanks,
            Andrew

  115. Hello, I am interested in selling used mobile phones on eBay. I cannot find anyone to sell me product liability insurance due to being “used items”. If I am careful, should I be ok? Or is it too risky not to have insurance? And should I avoid repairing a phone (screen) that I then sell on as it would be “tampering” with its original state? Thank you

    1. Andrew Minalto

      Hi Gary,

      Thanks for your question.

      To be perfectly honest, I don’t know how this works with used mobile phones, whatever you need liability insurance or not. From legal point of view you probably need it but if no insurer offers such package? How many companies you contacted about this? Maybe you should try some more.

      Sorry, not much of a help, I know.

      Andrew

    2. Hie Gary saw your post was just wondering if you still interested in the business of selling second hand phones or you are already doing it,I’m looking for a supplier be it company or individual would like to start similar business of buying and selling,but I’m in South Africa not sure how much support I can get from anybody either in UK or states or any country abroad..and yes thank you very much Andrew you really pushed a lot of people to make something out of their lives!!

  116. […] you’re considering starting an eBay business, Terapeak is the ONE tool you need for market research. I won’t go into detail on how exactly to […]

  117. Hello!!!
    Great informative article thanks!
    What about if I buy something for £15, starting bid is 0.99p and I only get that bid. How do I deal with. Can I cancel the sale. What should I do? Thank you very much.

    1. Andrew Minalto

      Hi Lou,

      Thanks for your question.

      You can do nothing – you can’t cancel the sale if the auction has ended (you can cancel it hough before it ends).

      But if you don’t want to risk that much, set a reserve price or even better – use BIN listings only (can do Best Offer on these too).

      Thanks,
      Andrew

  118. Hello

    I am from Egypt and want to use Ebay to sell products….but i don’t know how can i receive my money as paypal doesn’t work with Egypt….Do you have a solution for my problem

    My regards

    1. Andrew Minalto

      Hi May,

      Thanks for your question.

      There’s no real solution to this problem as 99% of people on eBay prefer to use PayPal…

      eBay does allow you to use alternative payment methods though.

      Thanks,
      Andrew

  119. Hi Andrew,

    Firstly, many thanks for the brilliant insights and guidelines you provided above. At last I can say I have a clear strategy on how and where to start out on ebay business – an idea I have kept postponing for various reasons.

    You did mention that one should offer a “no question asked return policy” and I perfectly agree with this. However, how do you deal with the return postage costs? Do you absord the cost at your own expense or make it clear in the listing that cost of returns are to the borne by the buyer? From my experience as a buyer, the later do definitely put me off from buying an item, so I do wonder how sellers cope with such costs especially when they have to fund it.

    I believe it would make sense to accept return at full cost for a poor quality or damanged product that was inadvertently put up for sale in the first place, but when someone just decides to return an item becasue they changed their mind, then such customers should at least meet part of cost of return.

    Please what do you advise as the best strategy for a seller in this space (i.e. used goods/items).

    Kind regards.

    Endy

    1. Andrew Minalto

      Hi Endy,

      Thanks for your comment.

      You already answered your question in your comment – IF buyer just wants to return item for no reason, buyer should also cover return postage costs.

      IF there’s a problem with an item, you – as a seller – cover all shipping charges.

      This is the model most eBay sellers and online sellers in general use.

      Thanks,
      Andrew

      1. Thanks Andrew.

        One more thing please. To set up a business account in ebay, must one have a registered company? I was just checking the steps to set up a business account in ebay and it seem that a registered business is required.

        Regards

        Endy.

        1. Andrew Minalto

          Hi Endy,

          They only ask for a business name on eBay when you upgrade your account.

          So you can be a sole trader or even an individual with a registered business name and still register a business account on eBay.

          I don’t believe they check this information anyway, unless you provide a VAT number.

          Thanks,
          Andrew

          1. Many thanks.

  120. Great articles on this site. Thank you for sharing.

    I am a Special Interest wildlife documentary film maker and I make most of my income from DVD sales of the films I produce. I am looking at ways to increase sales using more channels. I have had an Advantage account with Amazon for 4 years selling the first title successfully to Amazon at a trade price. Potentially I can increase the margin substantially by selling directly to the public and eBay is an obvious channel to try but so far I have had very little success, even when I list at the cheapest price for the same title ‘New’ on eBayUK.

    Is this because it looks odd that I only sell one DVD title ? If I presented myself as the film-maker self-distributing would anybody trust and understand me better ? Should I list other titles just to look more like a normal DVD shop ? Or perhaps I should set up as a specialist seller of a niche subject titles that I review (because I am an expert on them) and recommend ?

    1. Andrew Minalto

      Hi Stephen,

      Thanks for your comment.

      The biggest problem probably lies in the fact that not that many people on eBay actually looks for such DVDs…. I haven’t checked the data but chances are this niche is very small on eBay.

      On Amazon it should be bigger as it’s a well known place where people go to buy all kinds of niche DVDs.

      If you already sell on Amazon, I would probably try to work more on your website – it currently looks quite basic and out-dated. Turn it into a blog with new/fresh content, put a story behind your DVD, launch an affiliate program and try to promote your website on related blogs and forum.

      Price wise you should keep it same as on Amazon though to not let your customers down.

      Hope this helps!

      Thanks,
      Andrew

      1. Thanks very much Andrew – really helpful advice. I might as well try a perfect eBay page, using your excellent guide, to test the eBay market more thoroughly.

        Re. revamping my website – what would the affiliate program be (roughly) in this case ? I’m sure you mean more than a simple referral click-through to the product on Amazon but I can’t quite put my finger on what else.

        1. Andrew Minalto

          Hi Stephen,

          Yes, what I mean is you should start selling your DVDs directly on your website. Use PayPal as a payment option and install a special software to manage and track affiliate sales. Here’s one popular, affordable solution: iDevDirect

          I’m also using this software for some of my products and it works great.

          Thanks,
          Andrew

          P.S. By the way – if you’re not already doing it, check out Kunaki for DVD printing/distribution on demand service.

  121. Hi Andrew
    I’m posting this mainly as a warning to others thinking of setting up an ebay business.
    After trading on ebay for over a year selling unbranded products imported from China, I had slowly built up a nice extra income of £1500-2000 a month. I have excellent feedback and always did my best for customers.
    Then on Christmas day I get an email saying my account is suspended for suspected fraudulent activity. At first I think “this is just a mistake, I’m sure I can sort it out with ebay”.

    Several phone calls and emails later I realise that not only am I permanently banned, but they are not going to tell me why or even discuss the matter.

    I had previously read loads of the “ebay sucks” type stuff on the web, and had assumed it was all people who were doing bad stuff like selling fake goods. Now I am definitely in the “ebay sucks” crowd.

    My advice is do NOT rely on ebay for your income. Ever. Full stop.

    Luckily for me I have another income, so it’s more annoying than disastrous. But if I was depending on this business to pay the mortgage…

    I had not realised how easily this can happen to ANY ebay seller. I feel experienced traders should give big, load and clear warnings to newbies.

    All the best, Patrick

    1. Andrew Minalto

      Hi Patrick,

      Many Thanks for stopping by and sharing your story with us.

      eBay can sometimes be real nightmare to deal with, especially when their automated systems flag solid accounts. Sorry to hear it happened to you Patrick.

      And you’r right – people should never put all eggs in one basket and relay on one income stream or selling platform. I have always recommended expanding asap to Amazon and own online shop once eBay is set-up. This way we can diversify risks if worse happens.

      Thanks again,
      Andrew

  122. RED FRANKIE

    Great advice/info. Thanks Andrew. I home – school one of my sons right now so struggle work wise and have done quite well with ebay over the years – but can hopefully takeit to the next level with your help in this article. I only need to earn a few hundred a month to supplement my wifes income which I now feel is in reach – I also have one of the biggest car boots in England on my doorstep and dozens of charity shops etc so will give it a real blast in 2014!

    Thanks again for a brilliant ( and understandable!) article.

  123. Jake Taylor

    Hi Andrew,
    Great article! What time of year do you think is best for buying/selling the video games?
    Many thanks!

    1. Andrew Minalto

      Hi Jake,

      Thanks for stopping by.

      Video games is a massive market where you can find good deals all year round so it really doesn’t matter that much….

      Obviously, in January there will be increased supply for all the un-wanted games/gifts and ones that were gifted and already played for good. And demand in January is usually less so it’s a good time to buy un-wanted stuff from other people to re-sale it later on for profit.

      Thanks,
      Andrew

  124. HI, ANDREW
    this very informative article,
    thanks a lot for this precious sharing.

    1. Andrew Minalto

      Hi Sobia,

      So great to hear you’re enjoying my posts! 🙂

      Thanks,
      Andrew

  125. […] Hot Media. If you want to sell media items such as DVDs, Blu-rays, video games, audio CDs or books, this is a MUST HAVE function! It will show you the current best-selling media items on eBay with sell-through numbers (which are very important when dealing with media items). This function can also be used if you start your eBay business following my Used Goods concept. […]

  126. Hey Andrew,
    Some super learnings! Wondering if you have any tips on safe packaging and dispatching? especially items that need handlikng with care.

    1. Andrew Minalto

      Hi There,

      Thanks for your comment.

      What kind of products you’re selling?

      In most cases you can use bubble wrap, foam to secure fragile items. cardboard boxes in such situations work best (compared to jiffy bags).

      Thanks,
      Andrew

  127. Nataliejane

    Hi Andrew,

    Great informative article thanks! I have one question though:

    You mention having one account for buying and another for selling – I assume both these would be new business accounts and then are there any complications or extra fees incurred by doing this? In your experience do people check back to see if you’re selling on items you bought? Cheers!

    1. Andrew Minalto

      Hi Nataliejane,

      Thanks for your comment.

      The buying account can be personal one, as long as you’re a sole trader/self employed and not a Ltd. company. On eBay you can have as many accounts as you want, so no – there are no complications with this.

      Hard to tell how many people would check feedback and how many of them would be disappointed to see the reality – I guess not that many. Plus it’s not like the feedback for item you sell will be in first position, it could be 2nd or 3rd page.

      So if you want to keep things simple, you can still probably do ok with just one account for both buying and selling.

      Thanks,
      Andrew

      1. Nataliejane

        Thinking about it I would probably prefer one account for buying and one for selling just to be safe and it would probably be easier when coming to do the books!

        The buying one can definitely be a personal one? Ebay wouldn’t have an issue with that would they? Sorry for the delay 😉

        1. Andrew Minalto

          eBay rules state that you can have un-limited number of accounts so no – there won’t be any problems using one account just for buying stuff.

          Thanks,
          Andrew

          1. Nataliejane

            I know you can have multiple accounts but what I was meaning is can the buying account be a personal account?

            Or would ebay like it to be a business account because I am buying to sell?

          2. Andrew Minalto

            Yes, you can have it as a personal account. eBay really doesn’t care whatever you use business or personal account for buying stuff.

            Thanks,
            Andrew

      2. Hello Andrew,

        You said anyone can have any no of ebay accounts. How is this practically possible? Can we have more than one ebay account with one email address and one paypal? ….

        1. Andrew Minalto

          Yes, you can have multiple eBay accounts.

          You just need to use a different email address to open new one.

  128. I have a few questions for you, if you would be so kind.

    1. When selling an item, should I use an auction format or BIN?
    2. If using an auction style, should I have a reserve price?
    3. Should I use just the cheapest listing I can?

    Thanks for your time!

    1. Andrew Minalto

      Hi There,

      Thanks for stopping by.

      1) Depends on whatever you’re a TRS or not, how many items you have on hand etc. It really varies based on your account status and goals.

      2) In my opinion, no. I never bid on auctions that has a reserve price (what’s the point wasting time?) Obviously, if you sell something highly valuable, you might use it but then again why not better simply use BIN?

      3) Not sure what you mean by that.,,

      Thanks,
      Andrew

  129. […] If you have next to no money, use this business concept of buying and selling used goods on eBay. This is the easiest way to get started on eBay and make […]

  130. Hi Andrew,
    Do I need to upgrade my account to business to sell items on ebay if I’m buying for resell?
    thanks

    1. Andrew Minalto

      Hi Jaio,

      Thanks for stopping by.

      No, you don’t have to upgrade to PayPal business account to sell on eBay in volume. You can still do it with Premier account.

      Here are differences between Premier and Business accounts.

      Thanks,
      Andrew

      1. Thanks for quick reply but I’m afraid I haven’t explain myself properly sorry…my question is do I have to upgrade to ebay business account if I’m intending to buy things to resell them? Also thinking on making things to sell them on ebay and I understand that if I’m doing this two things(buying to resell ans making stuff to sell) I do need to subscribe to an ebay shop and basically upgrade from private to business seller.
        I hope I have explained better this time..
        Thanks
        Jaio

        1. Andrew Minalto

          Yes, you’ll need to upgrade your eBay account to Business account if you want to start such business. Personal accounts are really meant to be used just to sell un-wanted gifts, used items etc.

          But no, you don’t need to sign-up for Shop if you don’t want to, that’s optional.

          Thanks,
          Andrew

          1. Thanks Andrew,

            there is something I don’t understand, you have explain here very well how to start a business on eBay but you don’t mention at any time that we have to upgrade to business account till I have asked..and instead you tell us to just upgrade to seller account? Why? Is upgrading to business account free too? Is it not the same thing to sing up for shop and upgrading to business account?

            Sorry I’m making so many questions, you seem to know a lot on the subject and I really appreciate your help!

            Thanks
            Jaio

      2. I will really appreciate some clarification regarding this as I’m now puzzled with all info on internet! Thanks
        waiting for reply
        Jaio

        1. Andrew Minalto

          It’s not difficult at all – IF you plan to do business on eBay, upgrade your account to business.

          If you want to sell personal stuff from time to time, you can keep the personal account.

          In the post I just explain that you need to get seller account first before you can sell anything at all.

          Thanks,
          Andrew

          1. Ok I get it….thanks very much for your help Andrew..

            Jaio

  131. Andrew Minalto

    Hi Lewis,

    If you have a TRS account, list them as BIN listings.

    If you don’t have a TRS account, list them as auctions and/or auctions with BIN option. This way your listings will get a boost in search before they end.

    As for profit margins – it’s really up to you Lewis. I wouldn’t look for anything less than 25% ROI (buy for 4 pounds, make 1 pound clear profit.)

    50% ROI + should be your goal. Buy for say 4 pounds and sell off to make net profit of 2 pounds. (as an example).

    Thanks,
    Andrew

    1. Lewis McPhillips

      Hi there Andrew,

      All your help was put too good use, Hopefully at least!!!
      Was just wondering whether you could check through some of my ebay listing see what you think.
      http://myworld.ebay.co.uk/biglewi2010

      Thanks

      1. Andrew Minalto

        Hi Lewis,

        I’m sorry to say that but your listing do not look good at all. Here are just some of the problems:

        * Titles – they’re too short, boring and lack call to action.

        * Images – very bad, blurry images.

        * Listing itself – you’re not using images INSIDE the listing + in most listings you’re not using a template.

        * Listing formatting itself is very un-professional.

        Check out this guide to learn more about how to create and format good looking eBay listings.

        Thanks,
        Andrew

        1. Lewis McPhillips

          Hi Andrew,

          After going back and checking all my listing i really understand what you mean!
          I was just rushing and trying to get everything listed ASAP.
          I’ve Revised a couple so far and if you wouldn’t mind taking a look at them i would really appreciate it.

          Item 1

          Item 2

          Thanks
          Lewis

          1. Andrew Minalto

            Yep, looks much better now! 🙂

  132. Lewis McPhillips

    Hi there,
    I was just wondering if you could give me some advice on the DVD market.
    My plan is to buy bundles of Blu rays and sell them individually. I bought a set for £60 and estimate i will make between 100-150% profit. Im not sure how to approach the postage aspect of the sale. I am going to offer free postage but im not sure how to send them. Is it satisfactory to send them second class as a large letter for £0.69? Also to build up some money to invest further i am getting rid of a load of old dvds. Im selling them individually on facebook, gumtree and to friends. But eventually i will have to sell the bulk on ebay. Im just wondering whether their is really a market anymore for them. I want atleast £1 for all of them but with the 10% fee going to ebay, then 3.5% plus 20p going to paypal and the postage fee whether it would be worth my time.
    Thanks

    1. Andrew Minalto

      Hi Lewis,

      Thanks for stopping by.

      If you offer free shipping selling used stuff, 2nd class is usually ok. You can always add 1st class as a paid on option for people who want to get the item next day.

      As for DVDs – YES, of course! Market is still massive for these! If those are popular titles (even old ones), you should be able to sell them off individually for £0.99 – £2.99 or so depending on the title and make your £1+ profit per each on average.

      Best way to get rid of them fast is by simply listing them as 7-10 day auctions with a starting price of £0.99 – £1.99.

      Thanks,
      Andrew

      1. Lewis McPhillips

        Okay thats great, very reassuring!

        I wasn’t planning on setting up as an ebay business straight away as i thought i would sell a lot of my items and start up later, is this a good idea or would i be better off setting up an ebay shop straight away?
        If i am not setting up an ebay shop right away how important is the listing and the template etc.

        Thanks for you help
        Lewis

        1. Andrew Minalto

          Hi Lewis,

          No, you don’t need shop from day one, you can sell these used items without having an eBay Shop.

          Listings are still important of course – use a template, have good product pictures and description inside it. Also have clear payment, shipping, returns and contact information feature in your listings.

          Thanks,
          Andrew

          1. Lewis McPhillips

            Okay that is all great information thanks. Sorry to ask another question but when selling the blu rays purchased from bundles would you recommend selling through buy it now or auction? Also what would you consider the minimum profit percentage necessary when purchasing a bundle of 10 or more blu rays? Just to give me a clearer picture of what is a good deal for me.

            Thanks

            Lewis

  133. Hi andrew,

    Great read, thanks alot for the information. Quick question – Do you know of any sites that
    we could find wholesellers ?

    Thanks Chris

    1. Andrew Minalto

      Hi Chris,

      Thanks for your question.

      Here are good free, UK based wholesale directories:

      http://www.thewholesaler.co.uk/
      http://wholesale-outlet.co.uk/
      http://www.thetrader.co.uk/

      For China based suppliers, use these B2B platforms:

      http://www.alibaba.com/
      http://www.globalsources.com/
      http://www.made-in-china.com/

      And for US based wholesalers, these directories:

      http://www.wholesalecentral.com/
      http://www.worldwidebrands.com/
      http://www.salehoo.com/

      Hope this helps!

      Thanks,
      Andrew

  134. Hi Andrew,

    Blu Rays tend to sell at a higher price than DvD’s

    Is there a way to differentiate between Blu Ray and DvD when searching on Terapeak to find a more accurate average price?

    When searching on terapeak i notice that some items such as computer games eg Fifa 14 even when categorized all the way down to games still have other items in the result list such as special features for the game which sell at £600, this affects the average price, is there a way to filter them out or do i just have to make a small mathematical equation and figure it out myself?

    Thanks for your time

    Dan

    1. Andrew Minalto

      Hi Dan,

      Thanks for your question.

      On eBay DVDs and Blu Rays go under one category so in same style on Terapeak we can’t narrow down categories just to Blu Rays…

      But on Terapeak, I usually search for “title + blu ray” and then narrow down to DVD/BR category.

      Yes, there will be items that increase average price (like special editions etc.) – that’s why I usually manually go through first pages of results (in Terapeak) to see how many such expensive items are there.

      And then use common sense to come up with a figure.

      I actually don’t pay that much attention to average price Terapeak gives me – I just check first 3-5 pages of results to see what kind of price can be achieved with a TRS account and superb listings.

      Hope this helps Dan!

      Thanks,
      Andrew

      1. Thanks for your advice, is terapeak worth the $29.99 a month i can find my price point through ebay itself for free. I know you have other advantages with terapeak but is it worth it at the beginning when starting up?

        Thanks again

        Dan

        1. Andrew Minalto

          Hi Dan,

          It’s def. worth it! Even if you use it for just one month and then cancel – you’ll be able to easily spy on your competition (see their top selling items), find best times to list your items + many more!

          I can’t imagine my business without Terapeak!

          Once a year (usually in December) they run a special deal on yearly packages. I got all regional sites for just $200 a year. That’s less than $17 per month for ALL countries.

          Thanks,
          Andrew

  135. Hi Andrew,

    Thanks for your Valuable info. Its an eye opener.
    I have couple of doubts, hope you can clear that for me.

    I am based in Singapore and my market focusing is either Singapore or India. Do you have any idea how can i source product to singapore and india, and then sell it globally. Or Do you suggest it sell it locally?

    Regards
    Azad

    1. Andrew Minalto

      Hi Azad,

      Thanks for your question.

      In your situation I would probably concentrate on selling locally as shipping costs will be high to send goods to UK or USA.

      Of course, you can also find some kind of niche items that are popular worldwide and being manufactured in Singapore – source them directly from factories in Singapore and sell Worldwide as then you should have decent margins.

      Good Luck!

      Thanks,
      Andrew

  136. Hi there, Very impressive answers and helpful information. Thank you for sharing.

    1. Andrew Minalto

      Glad I can help Asad!

      Thanks,
      Andrew

  137. By far the best worded and laid out plan I’ve read! Has given me the confidence to start this up straight away! AWESOME!

    1. Andrew Minalto

      Cheers Jon, Great to hear that! 🙂

      Thanks,
      Andrew

  138. am from Malawi how can I start an ebay business? Will I be able to ship products from Malawi to other countries ? (since it is expensive to to so here). and what kind of business can u advice me to start on eBay from Malawi? thank you

    1. Andrew Minalto

      Hi Bridget,

      Thanks for your question.

      I highly doubt you’ll be able to start an eBay business based in Malawi…. shipping costs will simply be too high + I’m sure your postal services aren’t that reliable either.

      I would rather start importing something and try selling locally – offline and online in Malawi.

      Sorry, not much of a help, I know…

      Thanks,
      Andrew

  139. […] can’t expect to just start an online business and be rich within a few months. Sure, you can make instant profit on eBay following some simple concepts but I’m talking about a long term, sustainable business here. And that’s not something you can […]

  140. mohamed safey

    is there a similar system for this great system that can work for us at Egypt , or another system

    thanks

    1. Andrew Minalto

      Hi Mohamed,

      I already listed your best options in previous reply (see above).

      Thanks,
      Andrew

  141. thanks for this information but i have problems
    1- i am from Egypt so i can not ship products from Egypt to any country it cost 25$ per kilogram it is very high cost so the final cost will be very high and,I want solution to this problem

    to my mind i think the solution is to get wholesales from USA ,England and Canada to reduces the cost of product put i can not find trust wholesales
    if you have any solution please tell me

    1. Andrew Minalto

      Hi Mohamed,

      Thanks for stopping by.

      Yes, if you’re based in Egypt, this won’t be good for you…

      Can you do any sort of tracing online in your country? I mean – you could do importing etc, and sell goods in Egypt, via an online shop.

      I’m not a big fan of dropshiping, you’ll be better of long term by importing from China or buying in wholesale.

      Alternatively, you could source products in Egypt, from factories directly and maybe sell on eBay.co.uk and eBay.com But then you will have to use a fulfilment house for stock storage and distribution to reduce your shipping fees.

      Thanks,
      Andrew

  142. Thanks!!!! i have been sourcing information on how to start an ebay business and THIS by far has been the best information I have found. it was like talking to a friend.

    Cheers

    1. Andrew Minalto

      Thanks very much Spencer!

      I really appreciate your kind words and support.

      Andrew

    2. Bailey Allen

      Andrew,

      I’m a bored 16 yr old trying to put my spare time to use….
      and you my friend, wrote the easiest to understand business model ever!

      i have literally spent days looking for things to do, and now i have it…

      thanks,
      Bailey

      1. Andrew Minalto

        Great to hear that Bailey! 🙂

        Thanks,
        Andrew

  143. […] bog with great interest – loads of valuable information here! I have already followed your used goods business guide and made my first 40 pounds in profit! I will stick with used goods for now, but in the future I […]

  144. I’ve always wanted to try something like this but the thing that worries me is taxes.
    Do you have a page on what forms are required to be filled out etc

    Thanks,
    Ian

    1. Andrew Minalto

      Hi Ian,

      When you start out, the best way to go is register as self employed. You won’t have to pay any taxes up to certain limit and accounting is very easy too (once a year you do tax return, this can also be outsourced at low cost to an accountant).

      You shouldn’t be afraid to start a business because of taxes. Call HMRC and ask any questions you have!

      http://www.hmrc.gov.uk/

      Thanks,
      Andrew

      1. But if you are planning to do this along side my full time job will this not alter what i register as?

        1. Andrew Minalto

          Registering as Self Employed is still usually best way to go when you starting out, even if you have a full time job.

      2. Kieron Reid

        Hi mate….I have bought and sold many items on ebay but not for a big profit just more of the case in getting rid of the items…I was wondering what items are more prone to turn over a larger profit Eg: jewellery, gold etc….and is it illegal to sell fake items such as clothing but letting them know that its fake…thanks

        1. Andrew Minalto

          Hi Kieron,

          Please check out these guides on how to find good, profitable items to sell on eBay:

          Best Products to sell on eBay!

          TOP 100 Products to sell on eBay!

          And yes, it IS ILLEGAL to sell fake items, even if you say they’re fake.

          Thanks,
          Andrew

    2. Hi Andrew,

      Can you tell me which ebay account is required to buy and resell used items to make a profit? Is this free to carry out? Will a standard ebay account be sufficient to be able buy and resell?

      Thanks,
      Saj

      1. Andrew Minalto

        Yes, of course – standard/personal eBay account is fine for this process.

        Andrew

  145. Hello, Andrew

    Thank you for shearing this strategy with us.I am trying it now. Have added 4 snipes with http://auctionsniper.com/, so waiting for them to end.

    Will let you know about my progress .
    Thank you
    Dainius

    1. Andrew Minalto

      Thanks Dainius!

      Good Luck with those auctions.

      Thanks,
      Andrew

  146. Hi, Andrew
    just wondering if you have got a model to start the ebay business on a bigger scale than this the used item one, I have an investment of £700 and have always wanted to do ebaying but not sure where to get wholesale items to sell

    1. Andrew Minalto

      Hi Irene,

      Yes, of course. I do cover wholesale, importing from China, re-branding and other, BIGGER scale business models in my EAB video course:

      EasyAuctionBusiness.com

      Thanks,
      Andrew

      1. Thanks for the info

        1. Andrew Minalto

          You’re welcome!

      2. Hi I’m 17 years old and want to start buying and selling goods online do you have to be 18 for this?

        1. Andrew Minalto

          Hi Ryan,

          Yes, as far as I know, you need to be 18 to sell on eBay.

          Thanks,
          Andrew

    2. Hi Andrew

      I’m curious as to whether the used goods concept can turn into a decent full time job. Having lost my job and not being able to get work anywhere with the current state of the economy I’m giving this a go and hoping it could be an option to stick it out. I will be purchasing EAB from you but money is so tight at the moment I really can’t afford it.

      Thanks.

      1. Andrew Minalto

        Hi Michael,

        Thanks for your question.

        YES, absolutely! You can make a full-time income doing this, why not? It’s all about scaling up, nothing more. When you re-invest profits back into business, you can buy more and more items, more expensive items and your number of listings/sales increases.

        It’s hard work but in my opinion the quickest way to make a full-time income on eBay with limited budget.

        Thanks,
        Andrew

    3. Most wholesalers are selling on ebay so when you buy from them you cannot beat there prices on ebay

      1. Andrew Minalto

        Hi Peter,

        This guide/post is really not about wholesalers…

        Andrew

        1. HI,

          In line with Peter asked, if there are other sellers selling the same product at much lower price, why should buyers buy other high priced items. THey also uses same Ebay search to find the product right. So when we buy the cheapest and try to sell it there will still be the other cheaper one for others to buy right ?

          Sandeep

          1. Andrew Minalto

            Hi Sandeep,

            There are many, MANY reasons why buyers choose to buy one item over the other, even if it’s exactly same item but with a different price. Otherwise, only cheapest sellers would make any sales on eBay, but it’s obviously not the case – you can sometime wonder how many sales some listings get, which are much, much higher priced compared to say 1st 3 results on the same page.

            Andrew

    4. Could you check this link out for me please and tell me whether or not it is safe to buy genuine PS4 consoles for this price from this supplier. If not could you please recommend a supplier that is not selling fake PS4’s or is a scammer on sites such as DHGATE AND ALIBABA please.
      Also I was wondering, I have a debit card and I don’t really mind getting scammed as long as I can get a refund from the site.
      Does alibaba/dhgate accept paypal?
      If they accept debit card am I was entitled to a refund on any site I use if I am scammed?

      1. Andrew Minalto

        Hi Freddie,

        NO, you can’t get genuine PS4 consoles from China, forget about it!!!! You’ll get scammed 100%! China is no good for branded electronics.

        Plus there’s no profit to be made with new game consoles at all. Even if you would have millions to invest in stock, you would still make very tiny profit per console sold.

        Thanks,
        Andrew

    5. Megan jordan

      Hi Andrew, I was very interested to read your article. I have recently left my job due to stress, I’m looking to start making a bit of cash at home I have an eBay account and sell retro games etc and do well with that however it is starting to get low at car boots for findings etc and am no thinking about venturing out and buying and selling from other websites and to buy from China to sell on, is there items or a shop you would reccomend to sell on eBay for profit? I have bought a few things from aliexpress in the past for myself but unsure of what customers want on eBay? Any advice would be greatly appreciated

      Megan

      1. Andrew Minalto

        Hi Megan,

        You have to start by learning to do proper market research to find what products you could potentially sell.

        I have published a number of useful guides on this topic here.

        Thanks,
        Andrew

        1. Hi Andrew,

          I can’t see an option to upgrade to Premier, it says Personal or Business, have they changed their policy recently?

          Thanks.

          1. Andrew Minalto

            Hi James,

            Maybe you already have a Premier account?

            Thanks,
            Andrew

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