There’s a handful of major online auction and sales sites, and as you’ll see, some charge much lower fees than others. The major players, Amazon and eBay, have higher fees, but they’re also some of the most highly trafficked sites on the internet. If the speed of sale is your goal, these sites are the way to go. If you’re trying to maximize your profit, you might take some more time to find a buyer on a smaller site.
eBay lets you auction and sell a wide range of goods and has a slightly simpler fee structure than Amazon. For most items, you pay eBay 10% of the final sale price of the item, which includes shipping costs but not taxes. You can also upgrade and promote your eBay listing in various ways for extra fees.
You can sell pretty much anything on Amazon, although selling in some specialized categories requires Amazon approval and an upgraded selling plan. Amazon charges several kinds of fees on items sold, depending on what kind of selling plan you have.
If you opt for the standard Individual selling plan, you’ll pay Amazon 99 cents per item sold, plus a referral fee. To upgrade to the Professional selling plan, you pay a $39.99 monthly subscription fee but not the 99 cents per item fee from the Individual plan. So the professional plan makes sense only if you plan to sell more than 40 items per month.
Craiglist, Facebook Marketplace, Letgo– These websites and apps don’t take a cut of your sales, but you’re responsible for connecting with your buyer, meeting up in person and making the exchange. It’s definitely a different style than online auctions and sales. If you’re not comfortable handling all the logistics yourself and then meeting up with a stranger, you should probably stick to online only.