Post by Malcolm Vidrine on Feb 2, 2010 17:36:23 GMT -5
As many of you have read I’m sure, Ebay is about to hike it’s fees & is trying to tell you that it they’ll now be the lowest ever! If you’ll allow me to rant a bit, I’d appreciate it since I’m now in the process of closing my store with over 300 reissue CDs (lots of time wasted creating those listings). Anyhow, what concerns most of us is selling records and not reissue CDs. Taking this into account, I created a chart calculating what you’d pay in Ebay fees against what you’d pay in vmauctions fees for a record sold at the same price.
Take a gander –
Now there are a few catches here. First of all, in order to save the paypal charges, you’ll have to be a seller in the US and request payment by check. But on the other hand, if you are in the US (or elsewhere) selling an item out of the country, the paypal fee goes up to around 4% I believe.
Well, it does look like if you are planning to sell your record at around $1800+, you’d be better off selling on Ebay, otherwise you’ll be paying less here.
That’s just for the auction items! Where you really get stuck is if you have a store full of slow moving, somewhat common records. If you currently have a basic store subscription of $16 per month, you’ll now have to pay .20 per listing, per month! Your other choice would be to upgrade to their $50 per month subscription, then you’ll only have to pay .05 per listing per month. Of course, option number 3 would be to move your store items to the vmauctions site where there is no monthly subscription payment, nor any recurring item fee. You’ll pay .15 per item to list at a set sale price & it’ll stay there until it sells or you take it down. Because of this Ebay increase, we’ll be continuing to waive all store listing fees until March 30th. So go ahead and move your items over & pay nothing till the item sells!
But with Ebay’s new lowest fees ever, you’ll get 100 free monthly auction listings as long as you start the item at .99 or lower. This is terrible news for sellers listing quality items as you can expect a flood of .99 auctions of low quality records as sellers have nothing to lose! Now buyers will have to look even harder to find the records you are listing. I’m already putting my .99 records to the side to list for free! Of course I’ll have links to the vmauctions site & will look at it as free advertising. I’ll just hope they don’t sell so I won’t have to spend the time to pack and ship a .99 record!
The kicker here is that Ebay is also doing away with store inventory all together meaning that the millions of items currently listed in stores will be mixed in with core search results giving your auction items even less visibility. Seriously, I couldn’t make this up! I just wish I were further along with this site so I could move on to creating one for 45s and LPs. I’ll get there, but this one has to really get going first.
Malcolm
Take a gander –
Now there are a few catches here. First of all, in order to save the paypal charges, you’ll have to be a seller in the US and request payment by check. But on the other hand, if you are in the US (or elsewhere) selling an item out of the country, the paypal fee goes up to around 4% I believe.
Well, it does look like if you are planning to sell your record at around $1800+, you’d be better off selling on Ebay, otherwise you’ll be paying less here.
That’s just for the auction items! Where you really get stuck is if you have a store full of slow moving, somewhat common records. If you currently have a basic store subscription of $16 per month, you’ll now have to pay .20 per listing, per month! Your other choice would be to upgrade to their $50 per month subscription, then you’ll only have to pay .05 per listing per month. Of course, option number 3 would be to move your store items to the vmauctions site where there is no monthly subscription payment, nor any recurring item fee. You’ll pay .15 per item to list at a set sale price & it’ll stay there until it sells or you take it down. Because of this Ebay increase, we’ll be continuing to waive all store listing fees until March 30th. So go ahead and move your items over & pay nothing till the item sells!
But with Ebay’s new lowest fees ever, you’ll get 100 free monthly auction listings as long as you start the item at .99 or lower. This is terrible news for sellers listing quality items as you can expect a flood of .99 auctions of low quality records as sellers have nothing to lose! Now buyers will have to look even harder to find the records you are listing. I’m already putting my .99 records to the side to list for free! Of course I’ll have links to the vmauctions site & will look at it as free advertising. I’ll just hope they don’t sell so I won’t have to spend the time to pack and ship a .99 record!
The kicker here is that Ebay is also doing away with store inventory all together meaning that the millions of items currently listed in stores will be mixed in with core search results giving your auction items even less visibility. Seriously, I couldn’t make this up! I just wish I were further along with this site so I could move on to creating one for 45s and LPs. I’ll get there, but this one has to really get going first.
Malcolm