How to Make Money: What you need to get selling!

“Money is a terrible master but an excellent servant. –P.T. Barnum”

Happy New Year! My first post of the year – phew. I had a really good Christmas in the new house and feel recharged to tackle FIRE for 2018. It feels symbolic to really start the “doing” in a new year. But enough of that, lets get back to EBAY! I sold quite a few items last month using my EBAY guide which took me by surprise (you can see how I did in income report on Thursday!) and I had a mad dash to find packaging materials and rushing off to the post office! So it seems a missed a few key pointers out of my guide – what you actually need to get set up. so here is my part two: (told you I’d be honest!)

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  1. What are you going to sell?
    You can sell literally absolutely anything on EBAY! Clothes, electrical items, cars, boats you name it! So for me I’m starting with unwanted, surplus items which currently is clothes and definitely not boats!
  2. How will you package them?
    A mentioned above this one really caught me out. I used anything and everything I could find, A4 paper boxes, reused amazon boxes, wrapping paper. I made sure it looked well presented to send but I really hadn’t thought it through when I got to the post office! The best way to tackle packing is to match it to what  your sending. For me, the best way to package clothes is with brown parcel paper, tape and a permanent marker (bought a roll of paper, pen and tape for £1.99 from a local discount store before I moved) Shoes go much better in those little brown packets with bubble wrap on the inside, so i’ll be seeing if family/friends have any left over from Christmas present orders or purchasing 4 for 99p from Home Bargins.
  3. Postage Charges
    This was the death of me. I really had no clue of royal mails sizes and postage prices and found each item was costing £2.90 (small package) to send. This really cut down my profits! The very kind lady in the post office told me as I was a posting my last parcel “Your stupid if you couldn’t fit that into a smaller parcel” Got to love good customer service! She was right though, I had blindly trusted I would get the postage right.  Here’s Royal Mail’s official size document but basic rule of thumb is if its second class and A4 or below, postage is £1.22. Once its above that it jumps to £2.90.

4. Who are you posting it with?
Again my naivety shone through on this one. I hadn’t thought of any way other than standing in the post office with 30 other people to post my packages. I now know there are mutlplie ways:

Post through EBAY – You have the option of using EBAY Shutl service or Royal Mail, you can print the label off too. You get postage at a discounted rate here by taking advantage of online discounts. Thing to watch out for though is the labels “expire” after a certain amount of time and you will need to print a new label out.

Post through Paypal – This is discounted Royal Mail prices and you can avoid the usual post office ques by using the “c,lick and collect” area of your local post office. Your parcel can even be tracked!

Usual way of taking it to the post office and paying for postage – Nothing wrong with this way if your happy to wait in line  and are a dab hand at postage sizes.

I’m really liking the idea of online postage as it also means the money comes straight out. Currently I have been forgetting to transfer my postage fees over after paying for them my self!

5. Your Time

It actually took me much longer than I thought not only to take the photo’s, write the descriptions and check the listing but also to wrap and go to the post office. Many sellers have a designated day they send parcels and have it noted in the description of all their items.

 

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So there you have it. Everything you need to know to go forth and sell (hopefully!) As for me, I’m currently unable to get to a post office since I now live in the middle of no where and still cant drive!

Do you sell on Ebay? Is there anything I’ve missed?

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