Why Selling on eBay is a Great Way to Make Extra Money

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Anytime someone is looking for an easy way to earn some extra money, I recommend eBay since it shows quick results, is simple to get started, and has a low cost of entry.

Quick Results
One problem many people run into when trying to earn extra money is that they start out eager to generate extra income on the web but lose steam when their hard work doesn’t immediately turn into profits. In my experience, eBay is a great way to overcome this roadblock since you can start seeing the results of adding extra income in a relatively short period of time.

Simple Startup
In addition to the motivation issues I mention above, another obstacle to creating a side income is not knowing how to get started.  Since the eBay website provides an abundance of resources on how to sell on eBay, the beginning steps to selling online are pretty much laid out for you.  If you already shop online, selling online isn’t that much more difficult with eBay.

Low Cost of Entry
Another reason eBay is a good place to earn extra income is the low cost of doing business there.  Your selling fees are the largest cost of doing business and are proportionate to the amount of items you list and sell.  You don’t need a lot of money to get started just selling a few items.

Gateway Income
One thing that’s a little intimidating about earning extra money is that you often have to spend/invest cash in order to make more.  It’s easy to avoid taking the initial risk since we don’t want to lose the money we already have.  Once you figure out how to sell on eBay, you discover a tried and true way to make extra money. 

At that point you’re a little more open to re-investing that money, you know if you lose it you can always make more.  That’s why I think of eBay earnings as a sort of gateway income. Money you can use to expand your earning potential, either through additional business on eBay or other methods you’re interested in.

eBay Training
If you couldn’t tell from this post, I’m a big fan of eBay : )  I’m working on a guide to selling on eBay if you’re interested in learning more check out the free tutorial for an Easy eBay Business.

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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