We can always use some extra cash but the problem is where to get it! One good place to do that is from eBay and in this article, I will share the Best Ways to Make Money On eBay!
If you ask a rich person how they become rich, they will probably tell you that they have multiple income streams! Unlike the 99% of the population where they rely on their job’s paycheque, rich people usually have multiple income streams.
Today, I hope to inspire you to take the road to the 1% lifestyle by teaching one of many ways to generating income online and that is by selling on eBay whether you have your own product to sell or selling other people’s product.
How to Earn Money with eBay?
There are two ways to make money with eBay (at least as per my knowledge). The first one is through “retail arbitrage” while the other is through “affiliate marketing”.
What is retail arbitrage?
In a nutshell, retail arbitrage is buying merchandise low or at a discounted price and selling it high!
What other people do is they go to the big retail store and find items that are heavily discounted, i.e. when seasonal items that go on clearance sale, then they either wait for the next season or sell it immediately on a regular or slightly discounted price and take the difference for profit.
eBay sellers usually go to thrift shops, find items that are cheap and check their eBay app to confirm if the item they found will sell. If they determine that there is a market for the product, they will buy the product then list it for a much higher price.
What is affiliate marketing?
Affiliate marketing is a type of marketing where a business provides affiliate links to approved third parties to promote their goods and in return third parties receive a commission for each successful transaction they make.
For more information about affiliate marketing, you can watch this video by Wealthy Affiliate which I believe made a good job in explaining it.
Affiliate Disclosure – I am an Affiliate of many products promoted on this website and may earn a commission if you purchase something.
Does eBay have an Affiliate Program?
Yep and it is called eBay Partner Network
How do you sign up for eBay affiliate program?
Now that I gave you an overview of how to make money on eBay and how to use their affiliate program, I will now help you sign up for eBay Partner Network if you think this income stream idea is for you
eBay Partner Network
Here is the step by step guide on how to use eBay Partner Network, but first… if you do not have an account with eBay, then create one and if you need help how to create one then my article, “How to Sell On eBay” can definitely guide you on setting up one.
You will be asked to login to your eBay account before you can register for an eBay Partner Network
Anyways here are the steps on how to register for an eBay Partner Network.
The first step is to go to eBay Partner Network site. You can Google the site or click this link!
Next is for you to sign-in to you existing eBay account or sign-up for a new one
After you created or signed-in to your eBay account, you will be asked to choose your country of origin, then you need to click “Join Now”
After signing up, eBay will ask you to download the browser extension
Once you make the extension working, you can now browse on eBay for a product that you wish to advertise.
Note: Be sure to make an action call so your readers would know what to do with your affiliate link.
What is the best way to use eBay Partner Network for Profit?
There are a lots of way to use eBay Partner Network and the most popular are through blogging (vlogging if you have no problem filming yourself), and Pinterest.
Write a Blog or Create a Video and Insert Your eBay Affiliate Link
Bloggers and vloggers (Youtubers) make money through “sponsors” but in reality, most of them use an affiliate link.
Whenever you read a review blog, the author will usually include a link where to purchase the product they are reviewing and will ask you to purchase the product through the link. When you click the link, you will be redirected to an e-commerce store, most of the time Amazon. They make money when you purchase the product using their link.
This is true with vloggers as well.
Now why you know they always ask you to “click the link below”
Pin your eBay Affiliate Links on Pinterest
Now if you have no time writing a blog nor have no guts to film yourself, then market your affiliate link using Pinterest!
In a nutshell, Pinterest is a shopper-focused platform and its users are proactive shoppers. In other words, they use Pinterest to find the next item they would buy.
If you need a more detailed explanation on why to use Pinterest, then please read my article, “3 Reason Why You Should Have Pinterest for Business“, where you can find a more detailed explanation on why Pinterest is the king when it comes to online marketing.
Using Pinterest to promote your eBay affiliate links is very efficient and effective! All you need to do is browse for an item you wish to sell then click the eBay’s smart share button. A window will pop-up you will see “Share on Social” at the bottom of the pop-up window. Click the Pinterest icon and TA-DAH, you just created an “affiliate-link” Pin.
That’s It For Now, Do You Have Questions?
Well, that is it for now for me. If you have any questions or something you wish to clarify, then please let me know by leaving a comment down below.
For those of you whose been doing this business for quite a while now, I wish to hear your feedback and experience! Please share your wisdom to us down in the comment section as well.
By the way, this just an introduction and in the following articles, I will be sharing to you a more detailed tips and tricks so you can win this online income stream. To receive alerts, when a new wealth-builder tips is released, please LIKE our Facebook Page or FOLLOW our Pinterest boards.