How Students Can Save (and Make!) Money on EBay

As a student, you never pass up a chance to get some extra cash. There is one particular site that can both save you money on things you need, and make you money for things you just want. Of course there are some pitfalls, but the things you can do with eBay might just surprise you.

ebay

How to Save Money on eBay

As a student, there are things you're going to need and things you are going to want as the school year passes. In particular, textbooks, notebooks and art supplies cost a bundle even though they can be necessary. This is where the Internet and eBay comes into play. You can often find new or used books for lower prices than you'd see at the school bookstore. You'll find unused art supplies at discounted prices and other school supplies all at lower than usual costs. You can also bid in auctions to try to get different items for extreme bargains, rather than just clicking the 'buy it now' button. As for things you want rather than need, the possibilities are endless. Winter coats, tech gadgets, jewelry or accessories and much more are all available for tantalizing prices.

There are three real pitfalls about buying on eBay, however. The first is that there is no assurance on the quality of an item when you buy it. eBay tries to make certain that sellers are reliable, but sometimes you may get an item classified as 'lightly damaged' and find that it does not work altogether. In the same vein, you also cannot try on clothes yourself so there is no way of knowing if things will fit right and be comfortable. Another issue is that if you are buying textbooks, you might be in for a long wait. Sometimes shipping takes several weeks, so you'll have to borrow a textbook from a fellow student for a while before you get your own. Most important is the shipping costs. The price of an item may seem too good to be true, but check to see how much it costs to ship. Often the price of getting it sent to you outweighs the overall cost of the item.

How to Make Money on eBay

This part is easier than you might ever believe. Get an account on eBay, set up your 'shop' and suddenly you're ready to make some extra cash. Select a few items in your room that you think might be worth something and then check around eBay to see what similar items are selling for. You can pick your price based on those or set up an auction for the item. Take pictures that show your item well and write up a nice description, being sure to emphasize the item's good points. Before you know it, if you did things right, you'll have money sent to a PayPal account. Then you just package up the item in a timely manner and send it out. Make sure you estimate your shipping costs well so that you are certain to make a profit from the sale. Once you get a good reputation as a seller on the site, the sales will come easier and you'll be doing more business.

The main downsides to this involve the cost of money to make money and the responsibilities that get put on you. The site offers that you can make the first few sales for free, but then eBay takes small fees for every sale that you make. It's not much, but it's still a small amount of money that you don't get for your troubles. The other problem is that a lot of responsibility falls to you to do things right and in a timely manner. You must estimate costs, take reasonable pictures, be truthful about the quality of the item and send things out quickly. If you do not, you can get a negative review, which makes selling more difficult in the future. However, if you can manage these issues, you can end up making plenty of extra cash during your college career.

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