Want to start on eBay but no idea

ice-t

Hi

I want to start selling things on eBay to make a bit of extra cash but don't know where to start.
I have a PayPal account for personal use.

Questions

>> Anything legal I need to do? Taxes? VAT register?
>> What should I sell that seems popular enough to make a steady income?
>> Could postage become an issue?

Not sure if this is the right website for this but people here seem friendly enough to help.


Thank you

cyril82

They’re not all that friendly!


Edit:.....corrected for the spelling police!

bt i dnt rly cre if mi spelln is bd...innit .....cz i is jst expresin mi opinion n tht 4real....

How’s that for spelling Mr officer?

RFW

cyril82 wrote: »

there not all that freindly!

The ones who can spell are:rolleyes:

If you're buying to resell, you need to register for tax. If you plan on taking over £68,000 in a year (I think that's the threshold) then you have to register for VAT, below that it is voluntary.

What to sell is the million dollar question. My advice is to stick with items you have knowledge in, if you try and work in a market you know nothing about you will quickly lose money. The most popular items are the most competitive, harder to source and harder to earn a profit on.

"Could postage become an issue", no idea what you mean by that, its a bit vague.

ice-t

Thank you for your information.
Ignore the postage question, bit stupid of me to put it on really.
I'll do a bit of research on the subject and that should clear it up for me.

Thanks again

VanyaHargreeves

cyril82 wrote: »

They’re not all that friendly!


Edit:.....corrected for the spelling police!

bt i dnt rly cre if mi spelln is bd...innit .....cz i is jst expresin mi opinion n tht 4real....

How’s that for spelling Mr officer?

On your period?


-
OP, are you buying to sell or just selling personal items? If you're buying to sell, you have to register as a business.

Premier_2

RFW wrote: »

...If you're buying to resell, you need to register for tax. ...

...and should register as a business seller on ebay.

Regarding paypal, you'll need to upgrade (or create a new) paypal account - the basic level one will soon hit the limits.

If you are a business, then you may as well have a business paypal account too. Otherwise, if you are not buying goods to sell, but simply selling items you own and no longer require, you can have a Premier Paypal Account

RFW

cyril82 wrote: »

They’re not all that friendly!


Edit:.....corrected for the spelling police!

bt i dnt rly cre if mi spelln is bd...innit .....cz i is jst expresin mi opinion n tht 4real....

How’s that for spelling Mr officer?

Quod erat demonstrandum:D