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Step #4: Set your price. As far as price is concerned, this one may take a little bit of research. Google the item you are selling and see what others are getting for it. Before pricing yours though, you’ll want to take into consideration its condition.

Depending on the site you intend to use, you can sell your item via traditional auction or by set price. Auction means that you sell to the highest bidder (and you may want to set a minimum price so you don’t practically give it away) and set price means that you sell it to anyone that wants it for the price which you are selling it.

If you have a bunch of smaller items and don’t want to price them for individual sale, you may want to group them together and sell them as a package. This may also entice a buyer as they will be getting several things for one standard rate.

An additional tip: some successful sellers offer free shipping as it catches people’s attention. It’s easy enough do as you just have to add this amount to your base price. The one caveat is that shipping isn’t always going to be the same price as it is location dependent. So, you’re going to want to keep this in mind if you choose to take this route.

Step #5: List your product on Amazon or eBay. When you decide to list your product, you’ll want to time your listing so you get the most out of it. For example, if you only have a 10-day window, you may want to post your product on a Thursday so that it appears online for two full weekends, giving you more bangs for your buck.

Another factor to consider is whether your item is seasonal, or in high demand during certain times of the year. If this is the case, you may want to wait to sell it, drawing in the most money possible.

Step #6: Promote your product. Share your product on your social media sites, website, in forums, or on any other Internet site you can think of to draw attention to it. You never know. Even if the people you’re reaching out to have no interest in it, they might know someone who does and share it with them. It’s a win-win!

Step #7: Make the deal. Once you have a specific buyer, you’re ready to close the deal. This is a great time to confirm things such as price and delivery, as well as answer any questions they may have.
This is also where you collect payment. It is very important that you do this prior to shipping your item so that you don’t wind up sending it out and never getting the money, in return.