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E-bay loopholes... - Page 2

post #16 of 22
Quote:
Anyone have any experience (buying or selling) with other auction sites like Yahoo or Amazon?
Yahoo. is pathetic for clothing and watches. The selection is limited at best, and I saw more fakes than authentic goods.
post #17 of 22
Agreed, other auction sites do business at the same rate as restaurants where hearses park outside. I called my power seller support number to ask about this and they directed me to an announcement under the community section, the new fee structure they claimed was as follows below. The difference on some things doubles - an extra dime for a 10 day listing and a 10% increase in insertion fees (an insertion fee is what it sounds like, how much they charge to screw you). Overall, this will cost me about an extra $40-$50 per month (normally pay $1000-$1500) so it is enough to piss me off without me taking my kid out of private school... Effective February 2, 2004, the following fee changes will be made to eBay.com and eBay Motors in the U.S.: Insertion Fees: eBay.com and eBay Motors Parts & Accessories Item Starting Price Current Fee $0.01 - $9.99 $0.30 $10.00 - $24.99 $0.55 $25.00 - $49.99 $1.10 $50.00 - $199.99 $2.20 $200.00 and up $3.30 Item Starting Price Fee as of February 2, 2004 $0.01 - $0.99 $0.30 $1.00 - $9.99 $0.35 $10.00 - $24.99 $0.60 $25.00 - $49.99 $1.20 $50.00 - $199.99 $2.40 $200.00 - $499.99 $3.60 $500 and up $4.80 Reserve Price Fees: eBay.com and eBay Motors Parts & Accessories Reserve Price Current Fee $0.01 - $24.99 $0.50 $25.00 - $99.99 $1.00 $100 and up 1% of reserve price (with a maximum of $100.00) Reserve Price Fee as of February 2, 2004 $0.01 - $49.99 $1.00 $50.00 - $199.99 $2.00 $200 and up 1% of reserve price (with a maximum of $100.00) Store Inventory Insertion Fees: Duration Current Fee Fee as of February 2, 2004 30 days $0.05 $0.02 60 days $0.05 plus .05 surcharge $0.02 plus .02 surcharge 90 days $0.05 plus .10 surcharge $0.02 plus .04 surcharge 120 days $0.05 plus .15 surcharge $0.02 plus .06 surcharge *GTC $0.05 plus $.05 per 30 days $0.02 plus .02 per 30 days (*Good 'Til Cancelled) Home Page Featured Fee: eBay.com Current Fee Fee Effective January 31, 2004 $99.95 for single item $39.95 for single item $199.95 for multiple items $79.95 (*This is special promotional pricing that will become the standard pricing for this feature as of the completion of the current promotion January 31, 2004.) Seller's Assistant Pro Subscription Fee: Current Fee Fee as of February 2, 2004 $15.99 / Month $24.99 / Month >>>No way I'd pay $25 for it Listing Designer Fee within Turbo Lister: Current Fee *Fee as of April 12, 2004 Free $0.10 (*Please see our Frequently Asked Questions for more details.) Some international eBay sites have also changed their fee structures. To learn more, please check Announcements for the eBay site of interest. eBay understands that fees directly impact our members, and we take care to ensure that any decisions to change fees are made only after careful consideration of this impact. These changes will help us continue to sustain and develop a thriving global marketplace, while balancing the needs of our buyers and sellers around the world. To learn more about these changes and enhancements, please read the Frequently Asked Questions.
post #18 of 22
I didn't mean that all the fees were going to double, but there are some very significant increases there, depending on your selling strategy. The one that is really going to get me is the increase on the $500+ category from $3.30 to $4.80. I list a lot of items in that price range which means an extra $6.00 per month for each item, and those items often take 3-4 months to sell. And the increase for SA Pro from $15.99 to $24.99 per month really chaps my hide - I bought several versions of Seller's Assistant from Blackthorne (creator of the program) totalling close to $500. Then they sold out to ebay, so I now have to pay this ridiculous subscription fee for a program that takes constant TLC to keep it working For the edification of non-sellers, here is a scenario: Say I buy a shirt for $19 plus tax ($20.56) with the intention of selling it for $59.00. Sounds good right?   Each time I post it on ebay it will (starting next month) cost me a $2.40 listing fee, plus $.25 for gallery (not really an option) and $.05 for buy-it-now (also not really an option.) So the total listing fee is $2.70 each time you list it. If it takes a month (four seven day auctions) to sell it will cost you $10.80 in listing fees. Two months costs $24.30 and three months costs $35.10. Six months (rare but still happens on about 5% of auctions) would run you $70.20. (Average scenario is 5 listings before it sells.) But they are not done there. They charge you a $1.31 final value fee on the first $25.00, and a 2.75% fvf on the remaining amount. So the final value fee for a $59.00 item is $2.25. They still aren't done though. They own paypal, and paypal charges 2.9% plus $.30 on incoming US payments, and 3.9% plus $.30 for international payments. That means $2.01 - $2.60 in paypal fees for a $59.00 shirt. So in the typical scenario, ebay would collect a $17.76 for selling that $59.00 shirt for you. Best case scenario (sold at first listing) would be $6.96 in fees. Worst-case scenario (took six months to sell) would cost you $74.46. In this example, ebay will likely end up with 46% of your markup on the item.. Best-case scenario (rarely happens) is that they end up with just under 20% of the markup. Worst case scenario is that you lose $36.00 in cash, not to mention your time. You can spend more too - adding pictures services (picture hosting,) subtitle (extra line of text in the title,) and listing designer (snazzes up your listings) would bring your listing fee to $4.30 per seven days. Forgive my rant, but I'm sure you can see where ANY increase in fees sends my blood pressure through the roof...
post #19 of 22
Yeah, this may signal the end for my selling on eBay for a while. I will need to find higher margin items to sell to justify the higher listing & final value fees.
post #20 of 22
So would you say that starting an eBay business isn't worthwhile nowadays? I've been thinking about trying it--my local outlets have designer jeans with some cache (AG, Energie and one sweet pair of DDC jeans that unfortunately aren't in my size) for about $27 each. But if any profit's going to be swallowed up in fees, this straight-outta-college-heading-to-grad-school kid probably doesn't have the time or the funds to try it.
post #21 of 22
A. Harris, good example of how/why Ebay selling need not be as profitable(for sellers) as some may think.
post #22 of 22
AHarris' example is a good one - the thing is that the fees are already uncharacteristically high for an auction. I use the 10 day listing almost exclusively so while that is 3 listing per month it is an extra 60 cents. Seems piddly, a quarter here, dime there but as Aharris points out if you have to relist a few times it eats you alive. At some point someone is going to get serious about tapping into their billions of dollars market and they'll have to back off. It would be nice if they'd offer those who list hundreds of auctions each month a volume discount at least As to whether one can make money on ebay easily? If you can find a lot of 100 of something that you can sell from 1 ad you're a winner. Say you get a box of 500 pairs of Pantherella socks for $5/pair that you can sell for $10-12 per pair and there are 4 styles in the box.... that is easy selling IF you can find that box (lotsa luck). ...photography and ad creation take some time. Take the picture below for an example - dressing "Woody" our lead model, shooting the Tux, measuring it, going into the listing tool and writing the description etcetera and you've invested a fair amount of time. Can you make money? Yes, but it is a job like any other. (NOTE: Tux below is long gone, this is an example not a solicitation)
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