Thursday, February 9th, 2012

How Jenny Earned $15,000 on eBay

Published on March 9, 2010 by admin   ·   No Comments

Via DailyWorth.com by MP Dunleavey
Jenny Newcomer, founder of LobotoME.com (organizational products) paid off $15,000 in debt last year by working the eBay system to her advantage.   And you can too.   Here’s how;

ebay_jenny

As an entrepreneur and mother of two young kids-and with a bundle of student loans to pay off-Jenny decided to get radical about generating income using eBay.

Here’s her five-step selling strategy:

  1. Get the goods. Go through your house, basement, attic, garage and make an inventory of items to sell. Note the size, weight, materials, and other details of each one.
  2. Get pix. Take good digital snaps of each item; the better the photo, the better the price. Work in batches of 10.
  3. Prep to ship. Before listing, get accurate estimates of shipping costs online at www.usps.com or www.ups.com. Set up your PayPal account.
  4. Price It. Research sales of similar items on eBay so you can set a fair opening price.
  5. Sell it! Log on to www.ebay.com and click on the “Sell an Item” tab, and list the items, one by one. (Newcomer says: “Once I got into the rhythm, I could post 10 items in an hour.”)
Cash money, yo.

Cash money, yo.

Thinking you want to try it? Jenny has written a detailed step-by-step guide. Get it here.

DailyWorth is a free daily personal finance email for women.   They deliver practical tips, empowering ideas and the occasional kick in the pants.

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