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

Discussion in 'Classic Menswear' started by HansderHund, Jul 27, 2012.

  1. NDBoston

    NDBoston New Member

    Messages:
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    Joined:
    Dec 20, 2011
    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...019451?pt=US_CSA_MC_Suits&hash=item2eca268bfb

    http://www.ebay.com/itm/1895-Canali...799979?pt=US_CSA_MC_Suits&hash=item2eca13f06b

    http://www.ebay.com/itm/1895-Canali...799978?pt=US_CSA_MC_Suits&hash=item2eca13f06a

    http://www.ebay.com/itm/NWT-1795-CA...921909?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
     
    Last edited: Sep 7, 2013
  2. deburn

    deburn Senior member

    Messages:
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    Jun 15, 2011
    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?
     
  3. marc roberto

    marc roberto Senior member

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    Baby nail scissors works great for me
     
  4. Steve Smith

    Steve Smith Senior member

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    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.
     
    2 people like this.
  5. Koala-T

    Koala-T Senior member

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    Austin
    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!
     
  6. capnwes

    capnwes Senior member

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    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.
     
  7. idfnl

    idfnl Senior member

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    VA
    

    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.
     
  8. capnwes

    capnwes Senior member

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    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.
     
  9. Koala-T

    Koala-T Senior member

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  10. TheNeedMachine

    TheNeedMachine Senior member

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    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.
     
  11. Koala-T

    Koala-T Senior member

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    ...
     
    Last edited: Sep 7, 2013
  12. capnwes

    capnwes Senior member

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    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.
     
  13. Steve Smith

    Steve Smith Senior member

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    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?
     
  14. Fueco

    Fueco Senior member

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    The one grandpa gave me... For sentimental reasons.
    [​IMG]

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

    Fueco Senior member

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    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.
     
  16. TheNeedMachine

    TheNeedMachine Senior member

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    Let's say you have 3 identical NWT Canali suits. Which one is more valuable,
    the one you bought for full retail
    , I would expect to lose money on.
    the one you thrifted for $10, I would be happy to sell for a few hundred. (this one is more valuable, from a flipping perspective)
    or the one Grandma gave you for Christmas? I would not sell until after Grandma had died, as she'd always ask "why don't you ever wear that nice suit I bought you?"

    Therefore, I could not approach pricing my 3 identical NWT Canali suits the same way. Might average out to a profit in the end, if all 3 sold, but I'd lose my ass on the one I paid full retail for, would make a tidy profit on the one I thrifted for $10, and would have to wait until Grandma died before listing the 3rd one by which time it might be out of style and I'd make nothing on.
     
    Last edited: Sep 7, 2013
  17. txwoodworker

    txwoodworker Senior member

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    Selling large inventories of store returns to Australia and Asia is a situation unique to you. I tend to sell one item at a time, 95% of the time in the bag, envelope, or box I put it in when I was done measuring. It's a lot easier for me to find stuff in clearly labelled packages on a shelf then to check a tag on a shirt or a pair of pants. Again for me, the method I described is the least amount of work with the lowest error rate per unit sold, and that is helping me reach The Goal.
     
  18. deburn

    deburn Senior member

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    dupe
     
    Last edited: Sep 8, 2013
  19. deburn

    deburn Senior member

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    GSP is their Global Shipping Program. I thought with GSP eBay calculates shipping and customs; the buyer is responsible for paying those charges and eBay won't give you less than 5 star if you ship it to their domestic center within 2-4 days

    Capnwes, are you using GSP or doing it on your own?
     
  20. capnwes

    capnwes Senior member

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    No GSP for me.
     
    Last edited: Sep 8, 2013

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