'I made six figures on eBay as a teen - one tip will help you get the most money'

An entrepreneur who raked in six figures as a teenager by selling on has shared his top tip for making serious cash on the online auction site - and it's easier than you might think.

Joseph Holman, owner of , was able to purchase his first Porsche with the earnings he made from eBay sales. He managed to amass over £250k during his teenage years, earning him the moniker 'the eBay king'.

Now, he's revealing the secrets to making big bucks using eBay as a side gig, providing sellers with invaluable advice for listings, key points to remember, and much more. And he claims there's one action that will secure you the 'highest possible price' for your goods, reports .

READ MORE:

Joseph's eBay adventure started when he was just 12 years old, using his father's account to sell magnetic 'stick and ball' games he had bought in bulk with his pocket money. He revealed: "I ended up netting a profit of around £2,000 in just six weeks and, from then on, I was hooked on buying and selling anything I could.

"I had around £30k saved up from my eBay profits before I was 16. At 16 I was making around £20-£30k a year, just from the side hustles. I had a moped and used it to make deliveries and even collect items."

He then purchased a car at 17, enabling him to undertake longer trips and boosting his income to £50,000. Joseph revealed: "So, by the time I was 20, I had made over two hundred grand, all from selling things on eBay.

"My mates started calling me 'The eBay King' and I was selling everything and anything from soaps to statues, baths to bikes, you name it."

Joseph's top tip for making the most money on eBay revolves around how you list the items in the first place. He advised: "Always list items as 'Buy it Now/Best Offer' on eBay so you can get the highest possible price and see how much interest you get.

"This allows customers to quickly purchase your product, rather than waiting for an auction to end, which they might forget to bid on."

And ensuring the items are clean and looking their best is also key. Take plenty of high-quality photos for the listing and a video too, in case the buyer wants to see it from every angle.

Joseph emphasised: "The eBay title is crucial, especially the first four words, as they affect the algorithm. Make sure to use relevant keywords first and use the entire space available for the title."

He also encouraged sellers to research the RRP of the item they're selling and take a screenshot of it, adding it to the listing as well so that people can see how much they are saving. Joseph has praised eBay selling as being the 'quickest and easiest money you will make', stating: "Everyone should try to sell their unwanted items as it takes little time and you can earn extra cash."

Economically savvy Joseph has highlighted that flogging unwanted items can net you a hourly rate well above the typical wage, but he reckons scrapping private seller fees is a missed chance to boost greener habits. He commented: "It's a quick and drastic step and will have a big impact. I think it will be easier for people to make a profit and to sell newer items. This might be good news for some sellers but isn't great in terms of sustainability."

Adding to his argument, he suggested: "It would be far more sustainable if there were zero fees on second hand items, but a fee for new items."