eBay is one of the biggest online marketplaces out there on the web that sells millions of products that are purchased by millions of people all around the world.
There are over 25 million sellers on eBay that are selling various products and making thousands of dollars every month on an average if not tens of thousands of dollars (well some of them are hitting tens of thousands too).
In 2019 alone, eBay’s net revenue was too crazy. The platform generated over 10,800 million dollars ($10.8+ billion dollars) selling a whole lot of stuff. Which is crazy!
So, yes! There’s a great earning potential on eBay not matter what people say. And in this quick post, I’m going to share with you exactly how much money can you make on eBay…
So, without any further ado, let’s jump right into the details real quick!
How Much Money Can You Make On eBay?
So, this is a very common question that is asked by beginners in almost every industry. Whether that’s affiliate marketing, an eBay business, an Amazon FBA business, a dropshipping business, blogging, YouTube, or any other type of business.
And as always, the answer is that it really depends…and there is no clear answer. You might be able to earn several thousand dollars in revenue right off the back if you take action and know what you are doing, or you might end up making only a couple hundred bucks, or the worst-case scenario – nothing at all.
There are different factors that contribute to the success of your eBay business and those are as follows:
- Are you selling the right product?
- Does your product have enough demand and low competition?
- What are your profit margins?
- How much time do you put in the business?
- Do you have a high return rate or extremely low return rate?
As you can see, you definitely need to consider these basic points before going about doing business on eBay. If you everything right but you have chosen the wrong product (let’s say something in a very competitive industry), you might struggle to make some serious money.
And the same story goes with everything that I’ve mentioned above. Let’s say if you manage to get all of these things right…you definitely can end up making some considerable profits on eBay. This might be $1,000/month, $2,000/month, $3,000/month, $5,000/month, $10,000/month, or even six figures every single month in profits.
For example, a YouTuber named Andrey earns six-figure income selling items on eBay and there’s another content creator Richard Fain who used to make $1,000 a month (though now his earnings have actually taken off).
So, there’s no limit, and how much you make completely depends on how serious you are with your business.
One important thing that I want to address real quick is that the numbers you see people making on YouTube are not all profit. There is a lot of fee and other experiences involved in the numbers.
Here are the expenses:
- The cost of goods
- eBay fees (2-10%)
- Shipping costs
- PayPal fees (About 2.9%)
Just for an example, Ashely (an eBay seller) sold 1,488 items for $52,952 in one year but her profit was only about $28,220 (net).
You can watch her video down below.
How Much Money eBay Sellers Make On Average?
We all know that there are some sellers who make a hell lot of money and some only end up making a few bucks or nothing at all selling stuff/goods on eBay.
And the numbers I am going to share with you goes not guarantee that you will be able to make that much money selling on eBay this year.
But according to an article by Indeed, an average eBay seller makes about $145,533 per year (which is pretty high).
Once again, this is an average taken out combining the top sellers and beginners both. But I would personally say that if you give a bit of time to your business, you might anywhere from $1,000-$2,000 a month on serious grounds.
This of course depends on the strategies you apply.
You can watch another video where Kevin answers the question – “how much money can you make selling on eBay”, quite deeply.
Final Verdict: Is eBay Worth It?
So, I won’t take much of your time here and will end this topic by simply saying that every business is worth it. You just need to know how exactly it is to be done to make it more and more profitable over time and you should have the patience that it takes to build a serious income stream.
eBay is definitely worth giving a shot. Whether you are a student trying to do a side hustle to pay your education loans, or a mother who stays at home, or a passionate person who loves selling stuff just like Gary Vaynerchuk, eBay can really help you go full-time if you know what you are doing.
Therefore, yes! eBay is definitely worth it and you can make anywhere from a couple hundred bucks to six figures. There is no limit.
I hope you found value in this small article and I really wish you all the best with the new eBay business you are going to start!
If you have any questions or suggestions, feel free to jump into the comments section down below and let me know what you think.