You can avoid the issue of postage costs by advertising to people who can come and collect the item. On top of that, remember to account for the cost of packing up the item if you are using new material. The Royal Mail has a price finder for postage based on size, weight and destination. If you want to add the postage charges yourself, make sure you don’t set them too low. Buyers pay the postage and eBay has an option of estimating what the cost will be based on what other sellers have charged. Using eBay will give you access to customers around the world, which should enable you to maximise the price you get. Using optional features such as bigger pictures on your ad also attracts more fees. The fee is deducted from the sale and the rest of the money goes into your account. On eBay, when your item sells, you pay a final value fee of 12.8% of the total amount of the sale, plus a fixed charge of 30p an order. You can set a reserve price – a lower limit that you will not part with the item for less than – but that attracts an extra fee of 4% of the reserve (to a maximum of £150 an item) whether it sells or not. The advantage of an auction site is that if you do not know how to price your item the market should, in theory, work out what it is worth for you. The first choice for many will be eBay, the online auctioneer where it appears possible to offload (almost) anything. Consider an auction siteĮbay has a function where you can search for completed listings, which shows what items have sold for in the past. Be as specific as possible when describing your item, including the colour, year of manufacture and the condition. Look at how others describe their items to get an idea of what details customers expect. Look across other sites such as Amazon, Facebook Marketplace and Gumtree in order to get a wide view of what the going price is. Research pricesĪfter deciding what you want to sell, you can get an idea of how much to charge for it by looking online.Įbay has a function where you can search for completed listings, which shows what items have sold for in the past. Unlike someone running a business, you are not obliged to give the buyer their money back just because they have changed their mind. If you sell it on eBay and describe it as being “like new” then it must be – the buyer can return it if not and you have to cover the postage and packing costs.Ĭitizens Advice has some useful information on your obligations as a seller. When you are selling something, it is important to be honest about the condition. Martin Lewis’s MoneySavingExpert suggests using the 12-month rule – if you have not used something for a year, then get rid of it.
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