If you’re a typical guy or girl with a tool shed in your garage, you may have lots of tools that you simply don’t use anymore. Instead of taking up space in your garage, turn these unused tools into someone else’s treasure. Here are a few tips for selling them on eBay.
1. Research. While you may have plenty of Phillips head screwdrivers lying around, they won’t make much profit on eBay. eBay is a treasure trove for bargain hunters looking to get a lot for a little. So, it doesn’t make sense trying to sell something that people can easily find at the store. Be sure to research sale records of various tools on eBay to find what’s best to list.
2. Consider shipping. Tools can be very heavy which makes shipping all the more expensive. Consider the value of the tools when pricing for shipping. Some tools simply aren’t worth the cost of shipping and most sellers find that their auctions don’t go further than the shipping price. Consider sifting through your inventory to find highly profitable items or only selecting items that are light and easy to ship, leaving room for profit.
3. Make it brand new at second hand. Just because you are selling your used goods doesn’t mean they have to look that way. Your tools may be very dirty, greasy and oily after much use and storage. It’s important to make sure that they are still in good and functioning order. Many sellers don’t realize that they can be responsible if their items are in bad condition.
4. Make lots. One aspect of eBay sales is “lots”. Selling in lots means basically grouping large amounts of relatively unprofitable items together to make them profitable. For example, one sticker would never sell on eBay, but a lot of 1,000 may sell very well. It’s the same with tools, many of them may be inexpensive and not worth selling on their own. However, if you can group them together into lots, buyers will be getting a lot more for their buck which, often, encourages them to buy.