I started selling on eBay back in 2015
and when I first started I really
started as an idea of making a little
bit of extra income on this side just so
I could pay off my students a little bit
faster and in that first month of
selling on eBay I was able to do about
eight thousand dollars in sales and five
thousand dollars in profits so I thought
I'd make this video just to show you
guys exactly how I did it and I'm gonna
break this video down into four
different steps it's gonna be market
research shipping calculations eBay and
PayPal fees and listing your item you
guys are new to my channel welcome my
name is rod oz and I make videos that
help you have a better financial future
so if that kind of content sounds
interesting to you make sure you hit
that subscribe button but also
appreciate if you guys hit that like
button
I was that the local target and I found
this product here it was on sale so I
ran my numbers on it and I thought this
would be a really good opportunity for
you guys to see exactly how I do it i do
and how i make my extra income so we're
gonna use eBay comp to do our market
research and the point of the market
research is to let you know that there
is a demand for your product and if you
list it it's gonna sell we're gonna open
email comm and we're gonna search the
DJI spark battery guys when you're
searching for your item on eBay make
sure you type in very specific search
titles if the item you're selling has a
brand name you want to use the brand
name first in the description later
that's why you don't see me putting in
drawn battery here I put in DJI Sport
battery because that's the brand of this
specific bag once you're on the search
result page you're gonna scroll all the
way down to where it says show only
you're gonna click on sold item so this
allows you to see two things one it
allows you to see exactly when was the
last time this item is sold we can see
this item is selling almost every single
day so we know there's a demand for it
the next thing it allows us to see is
exactly how much people are paying for
it and you can use the average of all
these numbers to get a good estimate of
what you should be charging and I
already ran the numbers and I know I'm
gonna be charging 45 dollars for this
pronto now we know there is a demand
for our product and we know how much
we're going to be charging for it the
next thing we're going to do is we're
going to calculate what we're gonna be
paying and shipping if we sell this I
know a lot of beginners usually freak
out when it comes to shipping and it's
not really that hard if you have the
right equipment to use so the only thing
you need is a tape measure and a kitchen
scale if you're shipping items that are
small I typically sell a lot of small
items so I can always get away with just
using a kitchen scale but if you're
shipping bigger products make sure you
have a bathroom scale so you're gonna
weigh your product on your scale and
you're gonna take dimensions of the box
you're gonna be using to ship the
product so once you have the dimension
of your box and you also have the weight
of your product and you want to take the
weight of your product weight the
shipping box as well so we're gonna open
up usps.com
and here we're gonna put in two zip
codes the first zip code is gonna be
your own personal zip code well you're
gonna be shipping the item from and the
second zip code is going to be a place
that's as far away from you as possible
that you're willing to ship I typically
only ship within the United States so
I'm gonna use a zip code as far away
from me as possible and that's
California this allows you to do is to
get a really accurate estimate of your
shipping cost because of somebody on the
other side of the country buys it from
you this is what I'm gonna be charged
but if somebody closer to you by Z
you're actually gonna be saving money I
rather you overestimate than
underestimate when it comes to your
costs so in the next page you're just
gonna input your weight of your product
in your dimensions and then it's gonna
give you all the different options that
USPS has for shipping for that product
if your item is less than a pound you
typically always want to use USPS first
PA's package that's when we're gonna end
up using on this case because I already
sold a couple of them and I already ship
them and it cost me three dollars and
twenty cents to ship you say the USPS
first-class package so now you know
there's a demand for your product you
know what you should be charging for it
and you also know your shipping cost the
last thing that's gonna eat up into your
profit is going to be the eBay and
PayPal fees and there's a really cool
online calculator you can use so you're
gonna open up the online calculator and
you're gonna start plugging in the
numbers you
ready now so we know what price we want
to sell it at and we already said it's
gonna be $45 and we already know our
shipping cost and that's gonna be three
dollars and 22 cents and this is the
shipping cost we estimated earlier and
the last item is gonna be the item cost
for us I already said earlier this cost
me $15 to buy so I'm gonna plug that in
and after I do that I get a total profit
of 20 dollars and 68 cents so that's
what I'm expecting to make if I sell
this item it also breaks down my eBay
and PayPal fees just so you guys can see
it there and I find this is the one of
the most accurate tools to use because
after I saw an item I actually come back
to my numbers and I compare my estimate
to my actual profit and over time I've
seen that this has been really accurate
so through market research we know that
there is a market for a product there's
people willing to buy it we also know
how much it's gonna cost us to ship it
and we also know our eBay and PayPal
fees and with all that factored in
we know this item is still profitable
and it's worth something so the last
thing you're gonna do is just list your
item and listing it is gonna be really
easy because are you gonna do is you're
gonna open up the search result from
earlier and you're gonna click on one of
the items that I've already ended and
when you open that up you're gonna see
an item down there that says sell one
like this when you click that eBay gonna
automatically create a listing for you
and all you have to do is populate a
certain fields so you're gonna have to
update the pictures here for pictures I
like to take super detailed pictures so
when the buyer receives the item they're
not surprised by what they've got and
they are not gonna give you bad reviews
the next thing you need to do is update
the description so that the user knows
what condition it is and how you're
gonna be shipping it and then you just
put in your price and you list the item
and you make a sale so that's it that's
the basic breakdown so if you guys have
any questions on any of these steps or
if you're having difficulty as you're
going and you're trying to sell things
please leave me a comment below and I'll
be able to answer it and help you out as
best as I could thank you for watching
and if you haven't already make sure you
hit that subscribe