Auctions can be fun. The excitement of bidding can compel people to offer more than they should. It is just easy to get caught up in all the action.
What eBay has done is capture the excitement of an auction without letting you get caught up in the action and overbid accidentally.
While eBay has suffered from different issues over the years, this eBay review will show why people still love it and why people still do not like it. keep reading to see if this online business marketplace is right for you and your golden years.
What is eBay?
Sept. 1995 was the month and year that Pierre Omidyar started Auction Web (the original name of eBay). From its small beginnings, the company has grown into a conglomerate online marketplace connecting sellers and buyers in over 190 markets around the world.
This kind of reach makes it possible for seniors to sell different items quickly in order to have a more comfortable lifestyle when they retire. Any senior can sell to anyone if the price is right and the products are what the buyers are looking for.
In other words, eBay is a place where you can have a little business and make some extra money. Right now there are over 180 million active buyers looking at what 20 million sellers are selling.
How Does eBay Work?
The concept is simple. You simply sign up, as a seller, and fill out the pertinent forms and details to get your account activated. Then you list the items you want to sell and place your price on them.
Activate your items and then wait for someone to bid on your products. You will have to pay certain fees before you get paid and eBay, of course, will handle all that for you.
The company says it gives you shipping options so you can ship the way that best suits you. Then once the payment time comes, eBay says it will send the money directly to your bank account.
It may take up to 3 days before you see the payment in your account.
Can You Make Money With eBay?
Yes, it is possible for you to make money through eBay however, there is a small caveat that goes with that positive answer. You have to watch all the fees that are charged.
The fees will certainly take a big bite out of your revenue so you need to thoroughly explore the fee section on the eBay website to make sure you know what you are being charged and by how much.
Even with the fees, it is still possible for seniors to make some money if they handle their sales right. Shipping charges need to be explored before you sign up as well. You can always pass that charge on to your customers, to help protect your revenue
Examples Of How To Make Money With eBay
There is really only one way to make money through using the eBay website. You have to sign up for an account and find a product that people will be interested in buying. It shouldn’t just be a product you are interested in as not everyone has the same tastes as you do.
We did not see an affiliate marketing option on their website so that would have been another way to make money if there actually was a program for this. When you find products to sell, make sure to do some research on the price as you cannot sell too low and cover all your fees.
Nor can you sell too high as people will simply move on to a cheaper vendor.
eBay Review Pros:
easy to sign up and get an account
can sell just about anything on their platform
possible multiple get paid options
multiple buyer payment options
has an eBay phone app for easier editing, etc.
search engine to make finding products easier
eBay Review Cons:
lots of fees
buyers want bargains only
can have fees increased for under performing
eBay owns pay Pal and you get charged again
lots of competition
Any Negatives? Beware of Lawsuits
There are a lot of negatives against this company. Plus there are some or were some lawsuits against eBay for double taxation. One was filed in March of 2021. Another couple filed a civil suit against eBay for the harassment they have received from former employees.
This couple is a pair of reporters and they claim to have received different threats because they are not publishing blind positive reports about the company. There are more. Also, there are a lot of negative aspects that turn people off of this company.
It is reported that the company does not remove negative reviews, even if they are false. Your business and reputation goes into the toilet. Other accounts claim that false claims made by buyers to Pay Pal has the purchase price refunded to the buyer without investigation.
Is eBay Legitimate?
eBay is legitimate, but there are a lot of problems at the company that may have you thinking twice. Some of those problems revolve around the poor customer service sellers and buyers receive.
Also, eBay does not seem to be operating under very ethical standards. While there are a lot of happy users of the platform, the dark underbelly should have you more cautious. You never know when something bad will happen to you at this company.
Final Thoughts: eBay Review
For seniors, this may be a good way to get rid of a lifetime of collecting stuff. When the kids and grandkids do not want it, eBay may be the outlet to use. You can make some extra cash as well as clear out unwanted items that are taking up too much space.
In this eBay Review: The Reasons People Still Love eBay the only reason people still love this company is that they can make a little money on the side and pad their social security payments. But use it with both eyes wide open.