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Buying and Selling on eBay: Tips, Tricks, Problems & Questions - Page 341

post #5101 of 16731

Help me out here. I'm a newbie and appreciate any and all guidance. 

 

I'm looking for 3-4 Canali suits. I went to Bloomingdales and I can get them at about $1500 per (private sale taking $500 off each $2000 spent) or do I dare look at these suits for $600-$800 per (or less)

 

 

I'm a 44R suit 19" shoulders, 43-Chest and the suits at Bloomingdales fit pretty well save a nip or tuck.( I do have a great tailor)

 

http://www.ebay.com/itm/ISW-Nwt-NEW-Recent-CANALI-Italian-Modern-2Btn-Suit-44R-44-R-e54R-NEW-/200960019451?pt=US_CSA_MC_Suits&hash=item2eca268bfb

 

http://www.ebay.com/itm/1895-Canali-Light-Gray-2-Button-Business-Suit-44R-/200958799979?pt=US_CSA_MC_Suits&hash=item2eca13f06b

 

http://www.ebay.com/itm/1895-Canali-Solid-Navy-2-Button-Business-Suit-44R-/200958799978?pt=US_CSA_MC_Suits&hash=item2eca13f06a

 

http://www.ebay.com/itm/NWT-1795-CANALI-Solid-Charcoal-Gray-120s-Wool-Suit-44-R-Dual-Vents-Modern-Fit-/290970921909?pt=US_CSA_MC_Suits&hash=item43bf37ebb5

 

All the sellers aren't "fly by nights" but I've never gone done this road before. Do these suits look real or are they several years old?

 

Thanks

post #5102 of 16731
I just read about the Global Shipping Program. It sounded like a great deal because eBay deals with all the hassle of customs and international shipping and the seller gets a larger audience.

So I turned on GSP and then read recommendations in this thread to turn off GSP to address a problem of high customs fees (a couple of weeks ago.)

Do most recommend not using GSP?
post #5103 of 16731
Quote:
Originally Posted by k4lnamja View Post

So, I have a birdesye suit and I find there are teeny tiny pulls in a few places. Is this common with this weave? I've noticed this before on other suits I've seen in the past

How do you fix these?
Baby nail scissors works great for me
post #5104 of 16731
Quote:
Originally Posted by txwoodworker View Post

I could never get into that Toyota 6 Sigma high level shit. The best thing about the Goldratt books is that they are a fantastic read that keeps you engaged better than any system text book can. You learn by osmosis.

quote-
So if batch packaging for you, great, but it is a completely inefficient method for my business. I tried it and for the predictable reasons it did not work.

The only predictable reason I can think of is you're not doing it methodically and thoughtfully.


I sell a few shirts. Most shirts are less than 13 ounces shipped weight. I ship them First Class in a Tyvek envelope to US buyers and Priority Mail Flat Rate Envelope to most other countries. How do you ship a 10 ounce shirt?

Combined shipping is a useful option for me to offer. I have a few buyers who like to combine shipping on as many as 50 to 70 items per shipment, to Asia or Australia. That business is profitable for me and I am not going to cut it off.

There is no "methodical and thoughtful" way for me to predict whether a shirt will end up in a Tyvek envelope, a Priority Mail Envelope, or a big box.
post #5105 of 16731

Pardon me if this has been addressed previously. I've been doing a lot of reading here, but I haven't run across it yet.

 

How do you guys decide how much to charge for your items? Do you base it on how much you paid, how much items have sold for in the past, some combination of the two? Do you use reserves? Do you always start your auctions at $.99?

 

Thanks!

post #5106 of 16731
Quote:
Originally Posted by jgill79 View Post
 

Pardon me if this has been addressed previously. I've been doing a lot of reading here, but I haven't run across it yet.

 

How do you guys decide how much to charge for your items? Do you base it on how much you paid, how much items have sold for in the past, some combination of the two? Do you use reserves? Do you always start your auctions at $.99?

 

Thanks!

 

You will get several answers here.

 

Personally I do.....

 

Avg Cost x3 + avg shipping + avg fee = starting price (typically about $30-$45)

This was if an item sells for the starting price, I triple my original investment.

 

A do all my auctions with a BIN price. These are set by research of completed listings, current listings and my personal history of selling.

post #5107 of 16731
Quote:
Originally Posted by jgill79 View Post

Pardon me if this has been addressed previously. I've been doing a lot of reading here, but I haven't run across it yet.

How do you guys decide how much to charge for your items? Do you base it on how much you paid, how much items have sold for in the past, some combination of the two? Do you use reserves? Do you always start your auctions at $.99?

Thanks!

My advice? Price based on what you think its worth. If you're a numbnuts, price the average.

I am astounded how people give their shit away. I find by pricing what its worth to me is more accurate than anything. There are dickheads trying to get close to retail for Hermes ties, but there are dummies pricing simple stuff like Nautica for 1/2 of what its worth.
post #5108 of 16731
Quote:
Originally Posted by idfnl View Post


Being able to print intl labels has been such an immense time saver. Thank the lord. and praise the lord too, Ebay is not properly calculating international shipments. I'm losing money because of this.

Ok, what is GSP?

GSP is Global Shipping Program.

 

 

I add a pound to my international shipping for the shipping calculator, and add a $5 handling fee for international shipments. This way I am usually covered. If it ends up being more than a few dollars over, I just send a small refund of the difference.

post #5109 of 16731

By this you mean you average the price for, say, a tie, based on all the ties you've bought over time, or all the ties you've bought over a recent arbitrary period of time?

 

Quote:

Originally Posted by capnwes View Post
 

 

 

 

Avg Cost x3 

post #5110 of 16731
Quote:
Originally Posted by jgill79 View Post
 

Pardon me if this has been addressed previously. I've been doing a lot of reading here, but I haven't run across it yet.

 

How do you guys decide how much to charge for your items? Do you base it on how much you paid, how much items have sold for in the past, some combination of the two? Do you use reserves? Do you always start your auctions at $.99?

 

Thanks!

 

If 10 people answer your question I suspect you will get 10 different answers...  For everyday items, I'm close to Wes - would like to get ~ 4x price paid if minimum bid was met.  For nicer items, after researching sold & current listings, I'll use an optimistic BIN with OBO set to around what it sold for last time.  If something goes unsold after a couple cycles, I'll drop it to $9.99 min bid plus shipping.  Have tried 99 cents a few times with mixed results - don't list something for 99 cents unless you can stand to sell it for 99 cents.  I have not used a reserve price in 8+ years - I probably would if I were selling a car or some other high-ticket item and listed it at 99 cents to garner a lot of interest and bids (but reserve prices will also get retracted bids from folks who bid high just to see what the reserve was).  

 

I also like to mix it up - 7 day auctions, 10 day auctions, 30 days BIN, 30 days BIN/OBO.

post #5111 of 16731

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post #5112 of 16731
Quote:
Originally Posted by jgill79 View Post
 

 

Whichever....They would be the same number really. Prices don't change much around here. Easier to do a 3 month section though. I evaluate my pricing every 6 months or so. It hasn't seen a change in a while. However my cost has gone down several dollars....which translates to several more dollars of profit per item sold.

post #5113 of 16731
Quote:
Originally Posted by jgill79 View Post

Pardon me if this has been addressed previously. I've been doing a lot of reading here, but I haven't run across it yet.

How do you guys decide how much to charge for your items? Do you base it on how much you paid, how much items have sold for in the past, some combination of the two? Do you use reserves? Do you always start your auctions at $.99?

Thanks!


This time of year, BIN gives me the best results.

Approach pricing in a businesslike manner. The value of an item has nothing to do with how much you paid for it. Let's say you have 3 identical NWT Canali suits. Which one is more valuable, the one you bought for full retail, the one you thrifted for $10, or the one Grandma gave you for Christmas?
post #5114 of 16731
Quote:
Originally Posted by Steve Smith View Post


This time of year, BIN gives me the best results.

Approach pricing in a businesslike manner. The value of an item has nothing to do with how much you paid for it. Let's say you have 3 identical NWT Canali suits. Which one is more valuable, the one you bought for full retail, the one you thrifted for $10, or the one Grandma gave you for Christmas?

 

The one grandpa gave me... For sentimental reasons. 

:hide:

 

And +1 on tht BIN working best this time of year... I just sold seven shirts to one buyer!

post #5115 of 16731

As for pricing, I look at what items have sold for recently and in the past. I look at the condition my item is in versus previous sales (I do tend only to buy stuff to sell that is in excellent to pristine condition!) and adjust the price up or down.

 

 I tend to err on the high side if I haven't listed something before or if there is nothing else like it on Ebay currently. An example of this is the Boston Marathon jacket I currently have listed... There are no others exactly like it (at least not a few days ago when I listed it). It's something that might sit for weeks or months before garnering serious interest. But I figure that someone will search for it (it already has a watcher, so I know it's desired by someone). I set the price high and put a BINOBO on it. We shall see what happens... This also gives me a chance to test the market to find out what people WANT to pay for an item (not counting lowballers!).

 

As for what I paid for an item, that has no bearing whatsoever on the list price. It's all about condition and the market. The less I paid for an item and the higher I can sell it for, all the better... I recently (Tuesday) raised the prices on all my winter items because I know people will soon be looking for those sorts of things. That's the market speaking up.

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