Honestly, I enjoy giving things away much more than selling them. But money is a handy thing to have. And besides, I spent my hard earned cash for many of items I no longer use and they are still useful for someone. If your goal is to live a simple, frugal life and/or get rid of your excess stuff you may be in the same boat.
So I targeted a few items to sell off. They money will go straight into my “future adventures” fund. In the past I’ve written about other possibilities. Here’s my first foray into eBay.
I started with 4 items I wanted to sell on eBay, a service I’ve never used before. My criteria for selecting things to sell:
- Excellent condition
- I wouldn’t use them again
- Easy to package and ship
Three of the items I selected are used backpacking gear that is still in great shape, but I won’t be taking on my AT Hike next year. I did my best to focus on what the item was worth now, not what I paid for it when I bought it new. That way lies madness. And it will break your heart.
Signing up for eBay as a seller is ridiculously easy. I already had a Paypal account, so I chose to link it to eBay to make and receive payments. After that I found or took photos of each item and wrote a description. The more info and photos the better in every case. The one item that I couldn’t write much about (a perfectly good sleeping bag that was more than a decade old) was the item that I priced the lowest and had the hardest time selling. Make your descriptions really good. Spend some time working through the shipping concerns. I chose for the buyer to pay shipping but used a set shipping price (not a range). That worked for me. An alternative would be to set your minimum bid higher and pay for shipping yourself. In every case I set the items at a 7 day auction with a minimum bid and a “Buy it Now” price. Only the older model sleeping bag was rolled over for a second auction and eventually purchased at the minimum bid. All of the items were posted for sale on 6/26/13.
Don’t want to do the work yourself? You can use the eBay Selling Assistant, but they take a deep cut.
Kelty backpack, Illusion 3500: Starting price: $25.00 Buy It Now price:
$45.00. Sold for Buy it Now price in 7 days, plus $16.85 shipping.
Caribou Mountaineering, synthetic fill sleeping bag: Used, over a decade old, but in very good condition. Starting price: $25.00 Buy It Now price: $40.00. Sold after 2 weeks for minimum bid with $12 shipping.
So all total on four items I brought in $271.60. Not bad, right?
Well…..we aren’t done.
Additional costs and considerations
You have fees to pay. Paypal charges about 3%. So far I’ve paid them $7.79. And eBay takes their share too, about 10%. So far I’ve paid them $17.37 (my July bill added an additional $10.08 to eBay for a total of $27.40) . I still have to settle up with both of them for the last item, which will probably be about $3.70.
I had the seller pay for shipping, but you still have to print the label and packing invoice, package the item, and take it to the post office. If your item is over 13 ounces, you have to deliver it to the post office desk. I was lucky that my day job is in an office with lots of boxes and packaging that would otherwise be thrown out. Packaging cost me nothing. I got very close on guessing shipping costs, but it’s easy to lose your shirt, so be very, very careful. I’ve paid out $43.75 in shipping so far.
You won’t get your money right away
Paypal put a hold on my payments for about a week. Not an unreasonable time period, but it could have been a hardship if I needed the money desperately. And they can hold it for up to 20 days.
All in all, a fairly good experience and profitable. I’ve made $188.96 (give or take). That’s OK by me for items I would have given away otherwise. I call this a win!