How to Make Money on eBay – $115 Profit in 3 Sales!

Todays sales are a perfect example of how to make money on eBay. We end up with 3 eBay sales and a total profit of $115. We will show you what we paid for the items, what they sold for, all the fees and then the total profit.

Part of the process on how to make money on eBay is just about knowing what will sell and buying it for less then you can sell it for. Also leaving enough room to cover all the fees and still make profit.

Some great places to find items to sell are thrift stores, yard sales, auctions and even sometimes trash picking. This is the main approach we take in finding items to resell on eBay for profit.

The next important piece is to know what to buy. This can be a little trickier but the longer you are in this business the easier it gets. At first I was looking everything up to make sure it was selling on eBay sold listings and for what price. But now I can walk into a thrift store and spot many items I just know are good based on items I have previously sold for profit. Occasionally I do still look things up to just be sure, especially if I am paying up for something.

Knowing if it sells is not enough though, it is good to know how quickly it will sell. So if you compare the number of sold listings to the number of active listing you can determine something we call sell through rate. It really just comes down to supply and demand. If you have something that has 20 sales in the last 90 days but only 5 are listed on ebay for sale that is great. There is more demand then supply and that will likely sell fast. It does not have to be that way though, if there are more listed than sold it could still be good to buy. Some categories are different than others, but a sell through rate of 40% or higher is normally still ok. The item just will not sell as quickly. To get the sell through rate just divide sold listings by the active listings and then times by 100:

Sell through rate % = (Sold Listings / Active Listings) * 100

All of this info used together can make you an expert pretty quickly on how to make money on eBay!

Also in this video we talk about our new reddit group that we created for small YouTube creators in the reselling business. It will be a place for everyone to share and interact on each others videos as well as get some traffic from reddit. At first it won’t be much but the backlink helps. If the group grows it could be a good potential traffic source as reddit has a lot of traffic. If you are a YouTuber in the reselling niche visit the link below and join the community and then also message the mod to get posting permission.

https://www.reddit.com/r/ResellerProfits/

Then finally as always, make sure you get entered into our contest. We are giving away a free item from our eBay store up to $50 in value. We run this giveaway a few times per month. So be sure to always check back and re-enter for each giveaway. Here is the link:

https://thetrashbandit.com/enter-to-win/

Thank you very much for supporting my site and YouTube channel and we hope you enjoyed todays video on how to make money on ebay.

Joe