Wednesday, July 31, 2024

A Beginner’s Guide on How to Sell on eBay and Make Money

eBay stands as one of the top ecommerce platforms, a sprawling online marketplace where millions of buyers and sellers connect daily.  It’s a platform where practically anything can be sold, from vintage collectibles to the latest electronics.

Whether you’re an individual looking to declutter your home, a small business owner seeking a wider audience, or an experienced entrepreneur wanting to expand your sales channels,  understanding how to sell on eBay is crucial to success in the platform.

This comprehensive guide will delve into the intricacies of setting up your account, understanding fees and limits, sourcing profitable products, creating compelling listings, managing your seller reputation, and much more. By the end, you’ll be on the road to eBay success!

Setting up your eBay seller account

  1. Go to ebay.com then open the “My eBay” drop down menu and select “Selling.”
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  1. Pick whether you’re using your account for personal use (for individual sellers) or for business (for companies and sole proprietors).  If you’re unsure, start with a Personal account – you can always upgrade later. Then, fill out the quick registration form and hit “Create account.” If you prefer, you can also sign up using your Google, Facebook, or Apple account.
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  1. Then provide your contact details.
  1.  After creating your basic eBay account, head to the “My eBay” section and select the “Selling” option from the dropdown menu.
  1. Once you’re in the Selling Overview page, click “List an Item.” This will take you to the listing creation form.
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  1. Type the name of your item into the search bar and click the magnifying glass icon. This step helps eBay suggest relevant categories and information for your listing. Complete the “Sell Your Item” form. Once done, click the “List it” button. Your listing will be saved as a draft.
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  1. You’ll be automatically redirected to the seller account registration page. Click “Get started” to begin.
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  1. Enter your phone number and confirm it by entering a one-time security code that eBay will send you.
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  1. Then you can change your account type if necessary. If you change to a business account, you’ll need to provide additional details like your business name, type, address, and information about beneficial owners, officers, directors, or account managers.
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That’s it! You’ve successfully registered as an eBay seller and are ready to start listing and selling your items.

Understanding eBay seller limits and fees

eBay puts up limits and fees for all new sellers to help you get more familiar with the platform and are designed to help you gradually build your business and reputation. Limits can help ensure that you can handle the volume of orders you receive and can provide good customer service. They also protect buyers from potential fraud or negative experiences with sellers who may be overwhelmed.

New eBay sellers will typically have the following:

Selling limit

As the name suggests, selling limits means that you have a limit on both the number of items you can list and the total value of those items during a calendar month. The selling limits differ from each account and can depend on certain factors, such as:

  • Account age
  • Identity verification status
  • Connection to an established account
  • Registered address
  • Site of registration
  • Selling performance and behavior
  • Past sales volume
  • Risk level of listed items

So unless you share the exact same information with a black-market dealer, your selling limits will likely be very different.

How to find your selling limits

To see your selling limits, go to “My eBay” and click “Selling.”

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Then scroll down to find “Monthly limits.”

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How to increase seller limits

Before trying any of the methods we’ll be mentioning, take some time to familiarize yourself with eBay’s selling policies. They’re looking for sellers who prioritize customer satisfaction, ship quickly, and maintain clear policies. Show them you’re serious about your business and committed to providing a great buying experience. Here are five ways to get those limits raised so you can expand your eBay business.

1. The Automatic increase

This is the easiest and most rewarding option. eBay regularly reviews seller accounts and automatically increases limits for those who consistently meet their performance standards and demonstrate a healthy sales history. Keep focusing on great customer service and meeting eBay’s requirements, and the limit increase will come naturally.

2. Request to list

You can find this button right in your eBay Seller Hub or your “My eBay Selling Overview.” Click it, and eBay will do a quick check of your account to see if you qualify for an immediate increase. You can only use this option once a month, so use it wisely!

3. Give eBay a call or an email

This is often the quickest way to get results. Head to the “Selling Limits” section of eBay’s Help & Contact page, and you should find a phone number and a one-time passcode for fast access to a representative. Be prepared to answer questions about your sales history, shipping practices, and future plans.

You can also find the email option in the Help & Contact section. Be polite, professional, and highlight your commitment to great customer service. You’ll usually get a response within 48 hours.

4. Live chat

eBay sometimes offers live chat support for selling limit increases. Look for the chat option in the Help & Contact section, and if it’s available, be ready to make your case.

Zero insertion fee listings

Zero insertion fee listings basically means you can list a certain number of items for free each month! It’s a fantastic way to get your feet wet and test out different products without worrying about upfront costs. When you register on eBay.com (this may differ on other eBay sites), you instantly get 250 zero insertion fee listings per month. Once you use up these listings, you will need to pay insertion fees. 

You can use these free listings across many popular categories like sports cards, collectibles, music, books, movies, video games, stamps, crafts, and even some party supplies! However, they aren’t available for the following categories:

  • Real estate listings
  • Select categories within the Motors category (such as Boats, Cars & Trucks, Motorcycles, and more)
  • Select categories within the Business & Industrial category (including Heavy Equipment, Food Trucks, Trailers & Carts, and Commercial Printing Presses).

If you need more free listings, you can get an eBay Store subscription. The number of free listings you get depends on your tier:

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Here are a few things to keep in mind:

  • Other fees still apply: While you won’t pay to list the item, you’ll still need to pay eBay’s final value fee when your item sells. You’ll also be charged if you choose to add any optional upgrades to your listings.
  • Selling limits still apply: Zero insertion fee listings don’t increase your overall selling limits. Make sure you know your limits and stay within them. If your selling limit is 10 items or $500 worth of items per month, even with 250 free listings, you can’t go over those limits.
  • Check your usage: You can easily track how many free listings you have left in your “My eBay” account. Find the “Activity” tab. In the “Sell” section, click “All Selling” and find “Promotional Offers.”

Bonus Tip: eBay often runs promotions where you can get even more free listings. Keep an eye on your messages and the Seller Hub for these special offers!

Other fees

eBay charges a final value fee when your item sells. This fee is a percentage of the total sale amount (including the item price, shipping, and any handling charges) plus a small per-order fee (either $0.30 or $0.40). The percentage varies depending on the category of the item you’re selling.

In certain situations, you might also encounter:

  • Additional final value fees: These can be triggered if your seller performance falls below eBay’s standards or if you have a high rate of “item not as described” returns.
  • Dispute fee: This fee is charged if a buyer opens a dispute with their payment provider, but it can be waived if you resolve the issue with the buyer.
  • International Fee: This fee applies if you’re shipping internationally and not using eBay’s Global Shipping Program.
  • Seller currency conversion charge: If you’re selling on an international eBay site, eBay may convert your funds, and a small fee will be applied for this service.
  • Fees for optional listing upgrades: If you choose to add extra features to your listings, like bolding the title or listing in multiple categories, you’ll be charged additional fees.

It’s important to be aware of these potential fees so you can factor them into your pricing and ensure you’re making a profit on your sales.

How to find best selling items on eBay

When you’re learning how to sell on eBay, choosing the right products to sell is absolutely crucial. You want those hot items that everyone’s after, right? Here are a few proven methods to help you find those best-selling gems:

  1. eBay’s trending deals: eBay makes it easy for you! Head to their “Trending Deals” section, and you’ll see what products are flying off the virtual shelves. You can even dive into specific categories to see what’s hot right now.
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  1. eBay manual research: Get your detective hat on and do some digging yourself! Simply type keywords into eBay’s search bar and filter by “sold items” to see how many units similar products have moved. This gives you a real-world look at what’s in high demand.
  1. Spy on successful eBay dropshippers: Check out what other successful eBay dropshippers are selling. This doesn’t mean copying them, but it can give you some great ideas and inspiration for product categories to explore.
  2. Google trends: This handy tool shows you what people are searching for online. See which keywords are trending upwards and use that info to your advantage when choosing products to sell.
  1. eBay Terapeak: If you’ve been selling on eBay for a while, you’ve got access to Terapeak, a powerful research tool right in your Seller Hub. It analyzes past sales data to give you insights on which products are performing well, average prices, and even shipping costs.

Tips on sourcing products to sell on eBay

Once you’ve researched your market, it’s time to source your products. Here’s how:

  1. Choose your strategy: Based on your budget and available space, decide which sourcing method works best for you.
  • Dropshipping: Perfect for beginners or anyone who doesn’t have a lot of storage space. You partner with a supplier who ships products directly to your customers, so you never have to handle inventory.
  • Wholesale buying: If you’ve got some capital to invest, buying in bulk from wholesalers can get you the best prices and boost your profit margins.
  • Local sourcing: Sourcing from local shops can help you find some hidden gems. These unique items can often fetch a pretty penny online!
  1. Find your suppliers:
    • Dropshipping: Platforms like AliExpress and Oberlo connect you with thousands of potential suppliers. Look for those with good reputations and positive reviews.
    • Wholesale: Attend trade shows, network with industry contacts, or use platforms like Alibaba to find wholesale deals.
    • Local sourcing: Hit up those garage sales, estate sales, and flea markets early and often!
  2. Sample and test: Before you go all-in on a product, order samples to check the quality and make sure it meets your standards. Consider doing a few test listings to see how it performs before you commit to a larger order.

Listing your items for sale

Ready to start selling on eBay? Awesome! Here’s how to create a killer listing that’ll attract buyers and get those sales rolling in:

  1. Head over to your Seller Hub or any eBay page and click the “Create Listing” button. 
  2. Type in the name or product ID of your item, and eBay will try to match it to their catalog. This pre-fills some details for you, saving you time. If you can’t find a match, no worries, just click “Continue without match.”
  3. Upload high-quality images that show off your item from all angles. If you’ve got a video demonstrating your product in action, even better! Make sure your photos are clear and well-lit to make a great first impression.
  4. Add a title that’s concise but descriptive, including relevant keywords that buyers might search for. Then, choose the category that best fits your item so it reaches the right audience.
  5. Fill in all the important information about your item, like the brand, size, color, condition, and any other relevant specifics. The more details you provide, the easier it’ll be for buyers to find your listing.
  6. Describe your item in detail, highlighting its unique features and benefits. Be honest about any flaws, but focus on the positive aspects that will make buyers want to click that “Buy It Now” button.
  7. Choose whether you want to sell your item at a fixed price or through an auction. If you’re going with a fixed price, make sure it’s competitive. For auctions, set a starting bid that’s low enough to attract interest but high enough to cover your costs.
  8. Decide how you’ll ship your item and where you’re willing to ship it to. Be upfront about shipping costs and estimated delivery times.
  9. Choose your preferred payment methods, confirm your item’s location, and decide on a fair return policy.
  10. Give your listing a final once-over to make sure everything looks good. Then, hit that “List It” button, and you’re officially an eBay seller!

Managing your eBay seller account

The platform provides a robust set of tools to help you succeed in your journey to learn how to sell on eBay effectively. Mastering these tools can help you optimize your sales and streamline your entire process.

eBay Seller Hub

The Seller Hub is an all-in-one platform for managing every aspect of your eBay business.

 Its features and uses include:

  • Listings management: Create, edit, and track listings in one place, making it much easier to learn how to sell on eBay successfully. Quickly update prices, quantities, and shipping details.
  • Orders management: View, process, and fulfill orders. Print shipping labels, track shipments, and manage returns.
  • Performance tracking: Monitor sales, traffic, and customer feedback. Identify trends, strengths, and areas for improvement.
  • Business reports: Access detailed reports on sales, fees, and traffic. Analyze your business performance and make data-driven decisions.
  • Payouts: View payout details and schedules. Manage your finances effectively.
  • Messages: Communicate with buyers, answer questions, and resolve issues.
  • Store management: If you have an eBay Store subscription, you can customize your store, run promotions, and analyze its performance.

eBay seller dashboard

This dashboard, separate from the eBay Seller Hub, provides sellers with crucial insights into their account performance and adherence to eBay policies.

Accessible through the “My eBay” tab after logging in, this dashboard acts as a central hub for monitoring various aspects of your seller account:

  • Policy violations: Quickly identify any potential issues with your listings or actions that may not comply with eBay’s rules and regulations.
  • Seller performance: Get a clear picture of your overall performance metrics, such as customer satisfaction, shipping timeliness, and communication.
  • Seller level: Track your progress as a seller and understand the benefits and requirements for achieving higher levels.
  • Transactions: View details of recent sales, including dates, items, and payment information.
  • Detailed sales: Analyze your sales trends, identify top-performing products, and gain insights into customer behavior.
  • Return rate: Monitor your return rate to understand customer satisfaction and identify potential areas for improvement.
  • Pending shipments: Keep track of orders that are awaiting shipment to ensure timely fulfillment.

Maintaining seller performance and meeting selling limits

Maintaining good seller performance and staying within eBay’s selling limits is essential as you learn how to sell on eBay successfully. Here’s how to achieve this:

  • Understand and meet eBay’s seller performance standards: This ensures a good reputation and unlocks benefits.
  • Excel in shipping: Ship promptly, use reliable carriers, and provide accurate tracking.
  • Provide exceptional customer service: Respond to inquiries quickly and professionally, resolving issues fairly.
  • Create accurate listings: Include detailed descriptions, high-quality images, and key features.
  • Price competitively: Research your competitors and set competitive prices.
  • Be aware of your selling limits: Limits increase as you build a positive track record. You can also request limit increases if needed.
  • Stay informed: Keep up with eBay policies, updates, and participate in seller forums to learn more about how to sell on eBay effectively.

Enhancing your seller reputation

Reputation is everything in ecommerce, or anywhere online for that matter. A stellar rep attracts buyers, builds trust, and even helps you score some perks from eBay itself. 

The coveted eBay top rated seller status

Becoming a Top Rated Seller on eBay isn’t just about bragging rights. It comes with benefits that can help you be more successful on the platform. Your listings get a prime spot in search results, so more potential buyers see your awesome products. Plus, eBay gives you a discount on their fees, which means more money in your pocket. 

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The badge displayed on your listings also tells everyone you’re a top-notch seller, offering speedy shipping and hassle-free returns. But the biggest advantage? Most buyers trust top rated sellers, knowing they’ll have a smooth and positive experience.

To snag this coveted status, you’ve got to meet some pretty high standards, but it’s totally worth it:

  • Account activity: Your eBay account should have been active and selling for at least 90 days.
  • Sales history: In the past 12 months, you must have made 100 or more sales transactions to US buyers, totaling at least $1,000.
  • Defect rate: Keep your defect rate at 0.5% or lower, with no more than three defects from unique buyers.
  • Cases closed without resolution: Limit cases closed without seller resolution to 0.3% or less, with a maximum of two cases.
  • Late shipment rate: Ensure your late shipment rate is 3% or lower, with five or fewer late shipments.
  • Shipment tracking: Upload valid tracking information within your stated handling time, and ensure carrier validation for 95% of your US buyer transactions.

Strategies for providing excellent customer service

Let’s face it, sometimes things go wrong. Maybe a package gets lost, or an item arrives not quite as described. It’s how you handle these situations that sets you apart as a seller. Here’s how to provide excellent customer service:

  • Be responsive: Answer buyer questions promptly and thoroughly. Don’t leave them hanging!
  • Be proactive: If you foresee a delay or issue, let the buyer know right away. Communication is key.
  • Be empathetic: Put yourself in the buyer’s shoes. How would you want to be treated if you were in their situation?
  • Be fair: If there’s a problem, work with the buyer to find a solution that’s fair for both of you.
  • Go the extra mile: Throw in a small bonus item, offer a discount on their next purchase, or write a personalized thank-you note.

Handling returns, disputes, and negative feedback

Don’t panic if you get a return request, dispute, or (gasp!) negative feedback. These things happen, even to the best sellers. Here’s how to handle them:

  • Returns: Have a clear and fair return policy. Make the process as easy as possible for the buyer.
  • Disputes: Try to work things out with the buyer directly. If that doesn’t work, eBay can step in for you.
  • Negative feedback: Address the feedback directly, professionally, and politely. Sometimes, a simple explanation or apology can resolve the issue and even get the feedback changed.

Promoting and boosting your sales

Alright, you’ve got your amazing listings up and running, your customer service game is on point, and your reputation is sparkling. But how do you get those sales soaring? It’s time to learn some ecommerce marketing and give your eBay listings the spotlight they deserve.

Techniques for marketing your eBay listings

If we think of eBay as just another social media platform, your listings are your posts and you want them to be seen by as many people as possible. With this in mind, we can apply some ecommerce SEO.

  • Use the right keywords: Imagine you’re a buyer searching for that perfect vintage record player. What words would you type into the search bar? Those are your keywords! Sprinkle them naturally throughout your titles, descriptions, and item specifics.
  • Use high-quality pictures: High-quality photos are your secret weapon. Show off your items from multiple angles, in good lighting, and even include a lifestyle shot to help buyers envision the item in their own lives.
  • Tell a Story: Be descriptive as possible. Provide detailed information on the specs and features of your items. You can even include some use cases. If you are selling used or vintage items, descriptions are your chance to connect with your buyers. Share the story behind the item, its unique features, and why someone would absolutely love to own it.
  • Offer Variety: Buyers love options! Offer different variations of your products (like sizes, colors, or styles) to appeal to a wider audience.
  • Price your items right: Research your competition and set fair prices. Don’t be afraid to experiment with sales or discounts to attract attention.

Using eBay promotions and advertising 

eBay also has a set of tools to help increase the visibility of your product listings. 

Promoted listings

This is like putting your listings on a pedestal. For a small fee, your items get featured more prominently in search results, leading to more eyeballs and potential sales.

Within your Seller Hub, you can strategically amplify your listings’ visibility by leveraging the Advertising dashboard.

Initiate your promotion

  1. Navigate to the Create new campaign section.
  2. Choose Promote your listings from the diverse array of ad type options.
  3. Based on your specific goals, opt for either the general strategy or the priority strategy:
  • Priority Campaign Strategy: Get your items seen first and boost your sales with priority ad placement and AI campaign recommendations. You’ll only pay when someone clicks on your ad. Sellers who use this strategy have seen an average 50% increase in sales compared to items that weren’t promoted.
  • General Campaign Strategy: Your ads will appear in general placements, and you’ll only pay when your item sells. This strategy has helped sellers achieve an average 30% increase in sales compared to non-promoted items.

Sales and discounts

Everyone loves a good deal! Offer discounts, create bundles, or run limited-time sales to entice buyers to click “Buy It Now.” To start a promotion, go to your seller hub and under listings you will find “Promotions.”

Cross-promotion

You can also promote your listings outside of ebay. You can share your listings on your social media pages, in relevant groups, or even run targeted ads to reach a wider audience.

If you have an email list, send out newsletters highlighting new arrivals or special deals or you can team up with other sellers or influencers to cross-promote each other’s listings.

Dealing with common challenges

Even the most seasoned eBay sellers run into bumps in the road. Maybe a buyer is giving you a hard time, or you can’t figure out why your listings aren’t getting seen.Part of mastering how to sell on eBay is learning how to tackle these challenges head-on.

Navigating eBay seller help and support resources

eBay gives you access to a wealth of resources to help you troubleshoot issues and get answers to your burning questions. This includes:

  • Help & contact: This is your go-to for everything from policy questions to technical issues. You can browse articles, watch videos, or even chat with a live representative if you need more personalized help.
  • eBay Community: Connect with other sellers, share tips and tricks, and get advice from those who’ve been there, done that. 
  • Seller news: Stay up-to-date on the latest eBay news, policy changes, and selling tips. Knowledge is power!

Blocking problematic buyers and dealing with fraudulent activities

Unfortunately, not everyone on eBay plays by the rules. But don’t let a few bad apples spoil the bunch. Here’s how to protect yourself:

  • Block buyers: If a buyer is being rude, unreasonable, or just plain difficult, don’t hesitate to block them. You don’t have to do business with anyone who makes you uncomfortable.
  • Report suspicious activity: If you suspect a buyer is engaging in fraudulent activity, report it to eBay immediately. They have a dedicated team to investigate these issues.
  • Educate yourself: Learn about common scams and how to spot them. This will help you stay one step ahead of the bad guys.

eBay community

Remember the eBay community we mentioned earlier? This forum is a goldmine of information and support. Here’s how to use it effectively:

  • Ask questions: Have a question about shipping, returns, or anything else related to selling on eBay? Chances are, someone in the community has the answer.
  • Share experiences: Tell your own stories, both good and bad. Your experiences can help others learn and grow.
  • Network: Connect with other sellers, build relationships, and even collaborate on projects. You never know where these connections might lead!

Advanced selling strategies

Once you’ve got the basics of how to sell on eBay down, it’s time to take your game to the next level. These advanced strategies will help you refine your approach, maximize your efficiency, and ultimately, boost your sales.

Utilizing analytics and data to optimize your listings

Data is your best friend when it comes to selling on eBay. By analyzing your sales data, you can gain valuable insights into what’s working and what’s not. Here’s how to use data to your advantage:

  • Track your traffic: See where your buyers are coming from (eBay search, external search engines, social media) and which keywords they’re using to find your listings. This information can help you refine your keywords and marketing strategies.
  • Analyze your sales: Identify your top-selling items, peak sales times, and average selling prices. Use this information to adjust your inventory and pricing strategies.
  • Monitor your competition: Keep an eye on your competitors’ listings and pricing. This can help you stay competitive and identify opportunities for improvement.

Expanding your business and scaling up on eBay

Here are some strategies for expanding your reach and increasing your sales:

  • Diversify your inventory: Don’t limit yourself to one type of product. Experiment with new categories and product lines to attract a wider audience.
  • Expand your reach: Consider selling internationally to reach a global customer base.
  • Automate and outsource: As your business grows, consider automating tasks (like order fulfillment) and outsourcing certain aspects (like customer service) to free up your time and focus on growing your business.
  • Invest in marketing: Promote your listings through eBay’s advertising options and social media to reach a larger audience.

Final thoughts

Alright, you’ve made it to the end! You’ve got the lowdown on how to sell on eBay, from setting up your account and crafting those killer listings to boosting sales and dealing with any hiccups along the way. Now it’s time to put all this knowledge to work and start building your eBay business.

Whether you’re a side hustler or looking to make eBay your full-time gig, the opportunities are endless. It’s a place where passion meets profit, and you can turn your hobbies, skills, or even that dusty attic into a thriving business.

Check out these resources if you need a hand:

FAQs

How can I sell on eBay?

  1. Create an eBay account: If you don’t have one already, sign up for an eBay account. You can choose between a personal or business account depending on your selling needs.
  2. Set up your seller profile: Complete your profile with relevant information about yourself or your business. This helps build trust with potential buyers.
  3. Choose what to sell: Decide on the items you want to sell. Research popular categories and consider your inventory or sourcing options.
  4. Create your listings: Take clear photos and write detailed descriptions of your items. Highlight unique features and their condition accurately.
  5. Set your prices and shipping options: Determine competitive prices based on similar listings and factor in shipping costs. Offer various shipping options to cater to different buyers.

What are the best things to sell on eBay?

The best items to sell on eBay often depend on trends and demand. However, some consistently popular categories include:

  • Electronics: Smartphones, laptops, cameras, and video game consoles
  • Collectibles: Vintage items, trading cards, rare coins, and memorabilia
  • Fashion: Clothing, shoes, accessories, and jewelry
  • Home goods: Furniture, appliances, decor, and kitchenware
  • Automotive parts and accessories: Car parts, tools, and aftermarket accessories

What are eBay selling costs?

eBay has various fees associated with selling, including:

  • Insertion fees: A fee for listing an item, which varies depending on the number of listings and categories.
  • Final value fees: A percentage of the total sale amount, including shipping and handling.
  • Optional listing upgrades: Additional fees for features like bolding, subtitles, or gallery plus.

How to contact eBay customer service for seller assistance?

You can contact eBay customer service for seller assistance through various channels:

  • Help & Contact page: Visit the eBay Help & Contact page for FAQs and troubleshooting guides. At the bottom of the page you will find “Contact Us.”
  • eBay Community: Join the eBay Community forums to get help from other sellers.

The post A Beginner’s Guide on How to Sell on eBay and Make Money appeared first on jeffbullas.com.



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