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Selling Strategies and Platforms
- Paying someone to sell your stuff can be a great way to make money. You should expect to pay sellers around 20-40% commission of the final selling price. Apps like OfferUp take 12%. eBay takes 13% if under $7,500, 7% if over.
- eBay and Facebook Marketplace allow anybody to sell goods. Facebook Marketplace charges 5% per shipment for selling. Trading assistants handle selling items on eBay for you, from listing to shipping, taking 5-20% profit.
Pricing Strategies and Calculations
- Pricing objectives include covering costs and making a profit. The selling price includes offering value plus selling costs. Cost-plus pricing adds a markup percentage to product cost.
- To calculate average selling price, divide total revenue by number sold.
Reselling Insights
- The standard eBay profit for resellers is usually 5–20%. Selling 50 $20 items at 10% profit makes $100.
- List 3-5 items daily at minimum, more listings means faster growth.
- Get inventory from yard sales. eBay’s Cassini algorithm ranks items to increase sales. Their Valet app targets new sellers.
Setting Prices for Services
- Reseller hosting provider pricing structure includes understanding your target market, analyzing your competition, and determining your overhead costs.
Tips for Selling Online
- Consignment shops typically operate by purchasing items from sellers and reselling them at a markup or accepting items for consignment.
- Use the 50-30-10 rule to price items based on their condition.
- Craigslist is a free platform for selling items online.
Safety and Selling Online
- Exercise caution when selling items online, especially for in-person pickups.
Success Stories
- Successful sellers keep track of their earnings and can turn clutter into cash.
- Diana Blinkhorn made over $1,000 turning her clutter into cash as a stay-at-home mom.
Gift Card Reselling
- When selling gift cards, consider factors such as likelihood of resale and platforms like eBay, CardCash, Cardpool, and Giftcard Zen.
