eBay – Hobby or Business?

eBay is a great way to get bring in extra money. You can start slowly by selling a few items you have been meaning to get rid off and grow until eventually you are buying and selling items in bulk through your own eBay store!

There certainly are no limits to how much money you can make on eBay it all comes down to how much you want to get out of it – if you treat it as a hobby then, well you’ll make pocket money. If you treat it like a business and think big – then you will be an entrepreneur on your way to success.

If you haven’t yet sold an item on eBay, have no fear it isn’t too difficult to set up your own auction. eBay themselves have a whole section with tips for making the most out of your auctions.

As mentioned, start small with a few items and grow from there. One thing to keep in mind is that feedback is extremely important on eBay. You want to make sure you have a positive interaction with all your buyers and that your feedback is spotless.

The best way to ensure good feedback is to make sure you describe your items as accurately as possible so there are no misunderstandings (if something has a scratch then say so), contact the buyer right away after an auction, ship the items promptly taking all the necessary precautions and you are courteous and provide feedback.

It’s not rocket science but merely good customer service skills. Always go beyond what is expected and people will recognize that.

Once you are ready to go BIG with eBay you can think about dropshipping (this is where you don’t hold or ship any stock and a third-party provider provides and ships the goods for you for a percentage fee). You’ll need to do your homework before you try drop shipping as there are some unfortunate scams out there.

You can also think of opening your own eBay store and really expanding. The possibilities with eBay are endless it’s simply up to you whether you treat eBay as a hobby or really commit to building a full-time income around it.