How I Made $1000 On eBay In One Month


We've all heard the stories of people getting rich on online. Either by selling a piece of toast with an image of the Virgin Mary on eBay, or by getting lucky and finding some long-lost document in their attic that was signed by Abraham Lincoln only hours before his assassination. But did you know you can make money by selling everyday items on eBay?

I Never Would Have Guessed People Would Want My 'Junk'!

It started one day when the battery charger on my cordless phone died. I checked with the manufacturer and they wanted $70 for a replacement! I thought I could get a better deal from an internet reseller so I did a Google search for the batter charger. In the Google results I came across an eBay listing for what I was looking for, and it was only $5! I made a bid on that $5 item and won the auction. By using eBay I saved myself $65 !

Winning That ebay Auction Got Me Thinking

The person that sold me that battery charger on eBay probably thought it was a piece of junk, but to me it was gold. I wondered how much 'junk' in my closet might be gold to someone else? So I spend the next weekend going thru my closets, garage, and basement looking for all those things I had that were too good to throw away, but not quite good enough to use.

I Was Surprised How Much Stuff I had

Here are the results of what I found during my eBay 'junk' search:

  • My old collection of comic books from when I was younger
  • Camera equipment from my photography hobby days
  • A spare part from my car that was still good
  • An older digital answering machine
  • Some old cordless phones
  • Several old toys, dolls, etc

None of these things seemed particularly valuable, or even useful to me but my experience with the battery charger had taught me that these things would be worth something to the right person. Make no mistake, these things weren't 'garbage' - everything was in good condition and clean. If anything was dirty I did my best to clean it up.

How To Get Started Selling On eBay

So I had my pile of 'gold', but how did I go about getting it into eBay? I had already gotten familiar with how eBay worked when I purchased my battery charger. It's important to understand the eBay process and rules. If you've never bought or sold anything on eBay before, check our how to buy things on eBay for the first time page.

I Needed To Get A PayPal Account

One of the things I learned is that using a PayPal account at eBay for transactions was safer, and preferable by many buyers and sellers. Paypal has certain protections against fraud and makes selling and buying fast and easy. With PayPal there is no need to wait for a buyer's check to come in the mail and there's no worrying about bounced checks or other scams. With PayPal you get your money fast and easily!

With My eBay and PayPal Accounts I Was Ready To Make Money!

Now I was ready to get started, so I started off with the smallest, cheapest (so I thought)item I had to sell, a spare part from my car. There was nothing special about this item - it was a part of the grill. I had put on a 'fancier' grill, and I no longer needed it. It was slightly dinged, but in good condition. A brand new one was about $300 from the dealer. So I took a few pictures of the grill, wrote a simple description for the eBay auction being careful to explain that it was not new and had some scratches, and why I was selling it. I posted the pictures (very easy to do on the eBay web page) and started the bidding at $10.

Make money on ebay

 

I Watched My First Auction Like A Mad-Man

The first day or two I didn't get any bids. But on the third day I got my first bid! I was thrilled! Then, only a few hours later, the bidding was up to $20! I started watching my auction results like it was an addiction. After a few days the bidding price was over $100! I could not believe it! This car part that was just laying in my basement was already worth over $100! A few days later the auction ended and the winning bid was for $175! That was the easiest $175 I ever made!

After It Sells There Is More Work To Do!

A few hours after my auction ended the winning bidder had already transferred his payment into my PayPal account. Now that I had my money I was ready to ship the car part the winner so eagerly wanted. I took the part to my local UPS store had them box it up and ship it off. Shipping is where you can cut into your profit. After seeing how expensive it was to box up and ship my part I decided that I would do all the packaging myself for any future sales. This saved me a lot of money on everything else I sold on eBay.

After My First eBay Sale I Felt Like A Pro!

Once I got past my first sale I felt like I could sell anything. I started one new auction per day for the rest of the items I had. I was surprised at how much some of the items sold for! I had one camera, that was of no value to me that sold for $250, and several other items that sold for $50-$75. Of course I also had a few things that only sold for $5-$10.

I Was Running Out Of Stuff To Sell!

The following weekend I went to several yard sales in search of other people's junk I could make money from. I found some old radios, portable TV's, toys, etc, all which only cost a few dollars each. I put all of my Yard-Sale finds on eBay over the next few days. I was disappointed that my profit's were not as high as with the items I found around my house, but I still made over $200 ! The next weekend I went yard-sale'ing again and found more low-cost 'gold' for eBay. Again, making even more cash.

After 32 Days I Had Just Over $1000 In My Pocket!

It wasn't easy, there was a lot of learning involved and there was a lot of legwork involved, but I'd have to say that was the easiest $1000 I've ever made, and it was fun! For the next few months I kept-up the yard-sale'ing and eBay selling and continued to make money. I still haven't beat my first month's record for sales, but it's still a fun way to make a few extra dollars.

To learn about how to buy things on eBay for the first time see our Buying on eBay for Beginners page.

 

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Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
Selling on ebay and making money is all about exploiting the knowledge that you have. Everyone has a hobby that they now stuff about - use this knowledge, exploit it.
Riz (not verified)
Re: How I Made $1000 on ebay in a 1 month

Can anyone kindly explain to me how Paypal works? I am very frustrated with Paypal! I made an account on Ebay and on Paypal as well. When I then tried to get verified my Paypal to my bank account Paypal then wanted a 4 digit passcode and try saying go to bank and take bank card statement. There is a 4 digit passcode but when I got it bank statement there's only 0.01p balance from Paypal and there is not any code
Please can someone kindly help me?

Thank you so much.

I See Stupid People (not verified)
Re: How I Made $1000 on ebay in a 1 month
Read the instructions again.
Anonymous Visitor (not verified)
Re: How I Made money On eBay
I have like 720 bars of Kashi go lean protein bars that expired on March 23, 2013, would it be ok to sell that? I ate one today and it tasted just fine. I have boxes of 12 each
Anonymous Visitor (not verified)
Re: How I Made money On eBay
Yes the expired bars sell and actually very well Good Luck
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month

1. Go to Costco and take pictures of everything you would like to sell.
2. List them on eBay, mark the item up 5-10 dollars
3. Make your auction at least 10 days
4. Wait for your item to close.
5. Ship the item and leave positive feedback
6. Rinse and repeat....forever.
7. Thank me later

Jeff (not verified)
Re: How I Made $1000 On eBay In One Month

I have sold quite a few items on eBay; secret is to make the money when you BUY your stuff to sell. Do your research, check demand, then sell what is in demand....not what you THINK may be in demand

First sale is daunting, but once you get the hang of it, it is mostly following a system.

cheers, jeff g ( aka physiologist1 on eBay )

Anonymous Visitor (not verified)
ebay IRS records

Have to share this story of my friend. They had six children. Her smallest child, about 6, wanted to sell his toys to make some money for him. He went through is toy box and she agreed to list everything he brought her. In his stash was the leg (1 leg only) of an old GI Joe toy. She listed it on Ebay and within minutes, she got a message from someone who told her he would give her $200 RIGHT NOW and asked her if she could ship it immediately. He paid, she shipped and he reposted the GI JOE complete for $200 and got it. The leg that little boy had was golden to someone else.

Also, my tip is go to an Ebay class in your local area. I paid the $60 for an all day class and learned tons of info about taxing, etc. She's a certified instructor with Ebay and she said to keep good PAPER records in a notebook in case you're audited, she's been audited. The IRS likes handwritten notes for this type of business. If you do in on the computer, that's fine but handwritten are a good thing if audited. Computer notes are easily manipulated. The IRS told her she had to clear $20,000.00 profit before she had to file off of Ebay. Your paper records combined with your paypal and ebay statements are your key to a good audit.

Anonymous Visitor (not verified)
Re: ebay IRS records
Great story I'm going to keep trying after laid off I'm struggling. I feel bad. 18 yrs and laid off I'm in freight trucking and we have slow months. I have got to to something .....I'm 50 and scared about the future. thank you for the story.
PickClick
I am new here at GrownUpGeek.Com
Member for 2 years 7 weeks
GuG-Points: 1
Re: How I Made $1000 On eBay In One Month

Hi,

I became Ebay Top and Power Seller in 6 months. I’m expecting to get laid off and I’m and I'm caring my second baby. So, far I was re-selling staff from thrift stores on Ebay, but I would like to expend, due to expected unemployment (my and my husbands as well). Any tips on how to turn Ebay to profitable FT job and be able to pay the bills?

Thank you!

Anonymous Visitor (not verified)
Re: How I Made Money on eBay In One Month
Thanks for the advise and helping me to get enough courage. I figure that you did it even with all your challenges of being a mom .its been difficult for me and my wife our health isn't good and I got laid off. I've been praying alot I'm hoping this eBay might help I have PayPal and eBay bought stuff never sold anything do you have to pay PayPal anything. Just need some advise. I'm stupid about this stuff. thank you bunch mj
photo of member named
Hubby
insert witty description here
I am a Grown Up Geek
Dont get ripped-off by eBay/PayPal !

My advice (based on experience) is to NOT trust PayPal with your money, especially if you need/rely on that money. Just google "paypal ripoff" or "Paypal holding funds" and you will see that paypal "freezes" thousands of accounts per month - basically stealing any money from you that you have in your account at that moment. I learned this the hard way when they decided to "hold" my $5,000 for 6 months, for NO reason.

Since when you use eBay, you have NO CHOICE but to use Paypal, so protect yourself by moving money out of your PayPal account whenever you have a balance - then, MOVE IT TO ANOTHER ACCOUNT NOT LINKED TO YOUR PAYPAL .. did you know that on a whim, Paypal can take money OUT of your bank account?

Of course you will also have to watch out for all the theives and liars on eBay, but only PayPal has the power to TAKE all of your money.. on a whim.. with no reason.. leaving you with NO recourse..

Anonimouse (not verified)
Re: Dont get ripped-off by eBay/PayPal !
hey 'hubby' do you have proof of all of this? I have a PP and an ebay acct and this doesn't sound promising when I have lots I'd like to get rid of.
photo of member named
Hubby
insert witty description here
I am a Grown Up Geek
Re: Dont get ripped-off by eBay/PayPal !

Proof of what? That PayPal tried to screw me?
Yes, it's all documented in my PayPal account.

"F" paypal (not verified)
Re: Dont get ripped-off by eBay/PayPal !
I agree that paypal are some sonofbeeeiotches!!! They took money from my account 5 times in one month for no good reason, I guess because they can and they felt like it. They robbed the fudge out of me. Stupid son of stupid big beeeiotches
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
I am a full time power seller on ebay and let me tell you it has its ups and downs. I started with one item I made in my garage and turned it into a 700 sq ft retail store in about a year. The best advice I can give anybody who wants to make ebay a full time job is to research your competition that is selling similar items to the ones your selling and see what they are having success with odds are you will be successful with the same items if you can compete with there price. you can visit my website at www.Hydro2Gro.com to learn more about what I do.
Zubairu U. Yunus (not verified)
I want to be selling old things,damages,scrap,condem,etc
Im 4rm Nigeria and i want to be selling damages things,old, scrap, condem,etc. Like mobile phone engines/mother board.please tell me every you want as damage,scrap,etc that you ll recycle them. i want to be making money as a great business.you can contact me
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
Is there anyway to evade the insertion fee? Like it's $0.50 for some stuff do you get that money back if you never sell your item? How come some stuff has this fee but some doesn't??
Eline (not verified)
Re: How I Made $1000 On eBay In One Month

This is a great story - for sure we all have lots of stuff we don't need or use anymore, and that we can earn some profit of!
I’ve recently gotten sucked into online trading myself, and it is amazing how much money you can make by looking for good deals on sites like eBay and Craigslist, and then sell the item for more (maybe “upgrade it” a little bit first). For instance, you can get an iPhone with a broken screen for a fraction of the price on Craigslist, change the screen for $50-100 and sell it and still make money of it!
I’ve used this new tool called Statricks, where you get price trends and fair market values for almost all used goods so you’ll know what the going price is for an item. I find this very useful and reassuring, as I’ll know I’m not overpaying or underselling my stuff.

Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
Like the conversation. I am new to eBay just now out of work due to economic downturn. I have read about power sellers anyone have any info about power selling? Or are you a power seller?
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
Ok guys, there is another easy way to sell items on eBay, go to the goodwill store, salvation army, thrift stores and find stuff like silverplate which people pay lots of money for, or anything that's exotic looking.........or you could even go to auctions around your home to get some reals cheap stuff and sell on eBay......
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
I want to sell on ebay, but I don't have a credit card, how can I sell without one?
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
Awesome information. My family and I have truly suffered at the hands of a staggering economy. We've lost our business, our home and many of the creature comforts that we'd grown accustomed to living with (power, water, telephone, and even clothing). I began trying to determine how to earn money to pay our basic living expenses and came across not only this article but several others found in books that I've been reading. Within the first week, after going through our home looking for items that we truly didn't need (in fact we'd not even used them in over a year) I was able to sell and earn just less than $500 in one week. Enough to pay our power and telephone bill and purchase some groceries. Thanks for the inspiration.
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
Thanks I've been laid off and I'm scared. I've never done anything like this. Does it cost anything to use PayPal to sell I have an account and bought stuff never sold anything.
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
Paypal and ebay charges you a fee. Ebay charges you about 3% of what you make, only if you sell the good. Plus a small fee of 0.50 or so for every item you post. Paypal charges you more, depending on the price on the good. It’s actually convenient, nothing crazy. But Paypal let you withdraw up to 500 dollars. For example, if you sell a camcorder for 1000, Paypal will give 500 today and 500 next month.
mayy (not verified)
Re: How I Made $1000 On eBay In One Month
I would love to get information on how to sale an old protable tv its like 50yrs
missb
I am checking out GrownUpGeek.Com
Member for 6 years 26 weeks
Re: How I Made $1000 On eBay In One Month

A quick question, after your item sells how do you know the money is in your paypal account? I cant find the answer anywhere.. help please, im just about to sell something and im not sure what to do.

 

What goes around comes around..don't forget it!
 

Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month
Everything will "pop up" in your assigned email account. The email you designate on your profile. ....
Anonymous Visitor (not verified)
Re: How I Made $1000 On eBay In One Month

Selling on ebay can look like a daunting task. But its really now. You will get a nofitcation from them that paypal has recieved the payment and it is ok to ship. I have started a blog online to tell you the real secrets to selling on ebay. These are secrets that sellers will take to there graves with them. I don't believe people should hide these things and i believe that everybody deserves to make a dollar in the economy. The blog is free. im not asking you to buy anything, sell anything. Its just a lesson by lesson gameplan to selling and selling for profit on ebay. The lesson 1 is for begniners and every blog i will teach you something new and something better for your business.

marc (not verified)
Re: How I Made $1000 On eBay In One Month
Please send me your blog address,thank you

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