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Buying and Selling on eBay: Tips, Tricks, Problems & Questions - Page 407

post #6091 of 18110
Quote:
Originally Posted by Lirum View Post
 

Posted my first three listings tonight. Other than the spare descriptions, what needs work? I think I nailed the pictures - no post-processing. Threw up some crazy BINs, more validating past personal experience on ebay than anything I've seen on here; probably won't work, want to try it anyways though.

 

AE Park Ave

 

Florsheim Imperials

 

Church Monks

 

Couldn't get the lighting how I wanted it for my mannequin, hopefully that'll be ready by next Fri/Sat.

 

Just eyeballed the Florsheim's - what is the extra stuff in the photos (little brown thing in the upper left corner of most photos, and notepad etc in one)?  Otherwise lighting etc is pretty nice, and good that you used all 12 photos!

 

No point having an auction item with a BIN that is less than 50% of the minimum bid, in my opinion - the BIN will go away if you get the minimum bid.  BIN always goes away if the item is bid up to 50% of the BIN, so if you start the auction with a minimum bid of, say, $10 and a BIN of $30, it can get bid up to $15 before the BIN goes away...but if the min bid is $10 and the BIN is $14, as soon as you get that $10 min bid the BIN for $14 option disappears...as does the opportunity for someone to come along and snipe at full BIN which happens occasionally if the pricing is good.  

post #6092 of 18110
Quote:
Originally Posted by Lirum View Post
 

Very good to know; next auctions won't be so strict. I haven't had a store in ages, what is the automatic unpaid item assistant set to? I thought it was 3-4 days and was trying to emulate that.

 

Minimum is 4 days, though eBay can lag and it can be 5 or 6 days before they automatically open the unpaid case...but it's almost always 4 days if you have it set to 4 days (as I do), and the buyer has another 4 days to pay before eBay closes the case and refunds your fees and gives the buyer an unpaid strike.  

post #6093 of 18110
Quote:
Originally Posted by Lirum View Post
 

Posted my first three listings tonight. Other than the spare descriptions, what needs work? I think I nailed the pictures - no post-processing. Threw up some crazy BINs, more validating past personal experience on ebay than anything I've seen on here; probably won't work, want to try it anyways though.

 

AE Park Ave

 

Florsheim Imperials

 

Church Monks

 

Couldn't get the lighting how I wanted it for my mannequin, hopefully that'll be ready by next Fri/Sat.

Looks like a solid opening to me. The photo's are very good and clear.

 

Since I'm new myself, I am setting higher minimum price as I don't have the viewers to bid up the price. so far I've had a BIN deal, two that went for more than the BIN price and 3 that went for the opening bids. 

 

If you get a $9.99 offer on your church's do you make anything?

post #6094 of 18110
Quote:
Originally Posted by ATLnoob View Post
 

 

Just eyeballed the Florsheim's - what is the extra stuff in the photos (little brown thing in the upper left corner of most photos, and notepad etc in one)?  Otherwise lighting etc is pretty nice, and good that you used all 12 photos!

 

No point having an auction item with a BIN that is less than 50% of the minimum bid, in my opinion - the BIN will go away if you get the minimum bid.  BIN always goes away if the item is bid up to 50% of the BIN, so if you start the auction with a minimum bid of, say, $10 and a BIN of $30, it can get bid up to $15 before the BIN goes away...but if the min bid is $10 and the BIN is $14, as soon as you get that $10 min bid the BIN for $14 option disappears...as does the opportunity for someone to come along and snipe at full BIN which happens occasionally if the pricing is good.  

 

Extra stuff is amateur error. I was irritated that setting everything up took the time it did and really wanted to list some stuff so I didn't do my usual cropping gig. Very salient point on the BIN, thank you. I just changed the BIN (...to $112 lol). 

 

Quote:
Originally Posted by ATLnoob View Post
 

 

Minimum is 4 days, though eBay can lag and it can be 5 or 6 days before they automatically open the unpaid case...but it's almost always 4 days if you have it set to 4 days (as I do), and the buyer has another 4 days to pay before eBay closes the case and refunds your fees and gives the buyer an unpaid strike.  

 

Changed the descrip on the unbid pairs to say 5 days instead. Several regulars here don't even mention the unpaid case thing. Now that I think about it, including that in the descrip seems contrary to the spartan descrip style and may set the wrong tone; several regulars don't even mention it, should I emulate?

 

Quote:
Originally Posted by jebarne View Post
 

Looks like a solid opening to me. The photo's are very good and clear.

 

Since I'm new myself, I am setting higher minimum price as I don't have the viewers to bid up the price. so far I've had a BIN deal, two that went for more than the BIN price and 3 that went for the opening bids. 

 

If you get a $9.99 offer on your church's do you make anything?

 

I'm absolutely banking on having better photos than 90% of ebay listings. Infact, I'm specifically using that and the low opening to garner more bidding activity in the hopes that a bidder may get frustrated and use my high BIN to get the bidding process over with. I wouldn't use that strat with a more niche item (like the super odd sized Florsheims), but hey, they're Church's. 

 

And although I may cry if they sell for the opening bid, 9.99 would cover cost and time. Small town thrifts are cheap. ;]

 

---

 

Thank you guys for the feedback. I've benefitted SO MUCH from asking questions/lurking other member's listings; wish I had this when starting with video games back in the day.

post #6095 of 18110
Quote:
Originally Posted by ATLnoob View Post
 
Quote:
Originally Posted by Lirum View Post
 

Very good to know; next auctions won't be so strict. I haven't had a store in ages, what is the automatic unpaid item assistant set to? I thought it was 3-4 days and was trying to emulate that.

 

Minimum is 4 days, though eBay can lag and it can be 5 or 6 days before they automatically open the unpaid case...but it's almost always 4 days if you have it set to 4 days (as I do), and the buyer has another 4 days to pay before eBay closes the case and refunds your fees and gives the buyer an unpaid strike.  


I have the unpaid item asst. open up cases after 2 days (48 hours).

post #6096 of 18110
Quote:
Originally Posted by Fueco View Post


Very true, however a $5 profit on an item I paid $40 is not worth my time, yet. At my current volume I figure that I need to make a minimum of $20 per item to justify the time spent. When I'm at your level, my attitude will be different.

 

@fueco....my comment is more general and not directed at your specific deal:

 

When one of the sellers with a successful track record makes a comment, I always try to personalize it to my situation and see how I can benefit from their experience. 

 

What I took from Spoo's comment was more a long-term success philosophy than a specific comment on a transaction. Every $.25 you can save on shipping, or every extra dollar in price, or every extra person who follows your auctions and on and on all contribute to the long-term success of your business. In some situations, taking $5 might be the right option unless you are confident you can get more than that in another transaction.  

 

I think there is a perception that an ebay business is largely a machine to machine, impersonal business. And you could try to run it that way with automated responders and analytics and more.

 

What has surprised me is that like any other business, sustainable success as demonstrated by Spoo, Wes, Brian and others is built deal by deal, person to person over time. 

 

Take the number of difficult people an average seller has to deal with, multiply it by their volume and the problem one of us may have every 4 or 5 weeks, they're having every 4-5 days. How a seller deals with those problems will make up a large part of the online reputation you achieve. 

 

The seller I'm tempted to block today because of a low offer, might be the same guy who decides to hit the BIN tomorrow on something they can't live without. 

 

Then again, I'm often wrong.

post #6097 of 18110
Well put Jebarne.

I worked in restaurant management for many years. The most valuable thing I learned is a simple fact. When you have a happy customer they come back, they might even send a friend to you...which is good. However when you let a customer leave unhappy, they will tell 10 of their friends and you could lose 11 customers.
post #6098 of 18110
On another note....holy crap! I just sold a lot of stuff tonight. It's gonna be an insane couple of nights of shipping.....which I hate. On the other end....I'm freakin' rich! Which I love.
post #6099 of 18110
Quote:
Originally Posted by Fueco View Post


Very true, however a $5 profit on an item I paid $40 is not worth my time, yet. At my current volume I figure that I need to make a minimum of $20 per item to justify the time spent. When I'm at your level, my attitude will be different.

 

 

The awesome thing about Spoo's approach to selling on eBay, is it grants him no money being tied up in stock.  I mean I would say 5% or less is probably not sold each week, which from his point of view (every dollar counts(and I agree)) is so very on target.  Weekly selling 150+ items (with a minority of it at a small profit margin) still is nice to know you are pushing product out the door, and not hanging onto it.  But that approach I feel is only successful when the commitment, consistency, and dedication week in and week out is taken.

post #6100 of 18110

As a buyer I have a few bones to pick ...

 

1. " Recent " 15 years ago is not " Recent " please don't insult my intelligence or expect a sale.

 

2. Lauren by Ralph Lauren is not the same as Polo by Ralph Lauren . Or a suit made with Zegna cloth is not the same as a suit made by Zegna . Know your item and title it accordingly.

 

3. Is it that hard to take picture of the manufacturer label of a garment?  Sure you say prada , but until i see it no sale.

 

4. There is MSRP and then there is Delusional pricing ...

 

 

Thank you

post #6101 of 18110
Quote:
Originally Posted by capnwes View Post

On another note....holy crap! I just sold a lot of stuff tonight. It's gonna be an insane couple of nights of shipping.....which I hate. On the other end....I'm freakin' rich! Which I love.

How did this week end for you compared to top sales in the past?  Sounds like a freakin good one mate!

post #6102 of 18110
Quote:
Originally Posted by capnwes View Post

On another note....holy crap! I just sold a lot of stuff tonight. It's gonna be an insane couple of nights of shipping.....which I hate. On the other end....I'm freakin' rich! Which I love.
 

 

post #6103 of 18110
Maybe 35% higher than my usual. Pretty sure this is my top week. I will have to check the records later.
post #6104 of 18110
Quote:
Originally Posted by capnwes View Post

Maybe 35% higher than my usual. Pretty sure this is my top week. I will have to check the records later.

:bigstar:

post #6105 of 18110
Quote:
Originally Posted by Snoogz View Post
 

 

 

The awesome thing about Spoo's approach to selling on eBay, is it grants him no money being tied up in stock.  I mean I would say 5% or less is probably not sold each week, which from his point of view (every dollar counts(and I agree)) is so very on target.  Weekly selling 150+ items (with a minority of it at a small profit margin) still is nice to know you are pushing product out the door, and not hanging onto it.  But that approach I feel is only successful when the commitment, consistency, and dedication week in and week out is taken.

 

 

 I strongly feel that there will come a time, and the sooner the better, when his approach will work for me. The problem from my perspective is that I need to grow my sales without giving stuff away. In short, I need to make money while still growing. Once I have the followers and feedback/respect grown to a certain level, I can list stuff with the expectation of only making a few bucks off each item.

 

 My other problem with that approach is that I sell stuff that can and will routinely sell for 50-60% of retail if I let the right buyer find it. I've sold at least 5 pairs of hiking boots at prices that I would not get from an auction. I may not sell 200 items per week at $5 profit each, but my profit margin this week is the equivalent total on 33 sales. To me it's a no-brainer... Listing 33 items is a heck of a lot easier and quicker to create than for those 200! For my lifestyle, spending 25 hours a week at something and making as much as I have been for the past few months just makes sense! As I get more invested in items, the time spent will approach 40 or 50 hours per week, and I expect that my profit will jump accordingly.

 My goal is to sell more and more higher value things. If they take a few weeks or even months to sell, so be it. I've got the room for storage and the capital to invest in new stuff.

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