How do some sellers do it! I see items for $.99 shipped...a stamp is $.55 and your getting fees for the whole $.99, figure 10% each paypal and ebay on average. To me it seems like you are selling the item for about $.25 if that.
I thought I was doing ok until I saw what I owe them Damn...it adds up fast!
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Phin wrote:My pet peeve is when sellers list the No Reserve .99 cent opening bids with a high Buy it Now price.
Why? I thought this was best of both worlds..... low starting bid, to save on listing fees, and BIN in case someone REALLY wants to have it, without waiting for the auction to run it's course. Some goon with no interest in winning it will come along and bid .99 soon enough anyway.... those guys are MY pet peeve (as a seller, who lists items with a low opening bid and a BIN).
Alex
Osiris is the key.
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The only time I see someone take the BIN over a $.99 opening bid is when the auction is sold significantly under value....in which case the .99 cent opening bid was moot. Even if the BIN is a fair price a very large majority of people will knock it off in favor of a much lower opening bid.
I've seen too many auctions with $.99 opening bids and BIN's in the hundreds of dollars. No one takes the BIN on those.
Incredible_Serious wrote:...low starting bid, to save on listing fees,
Alex
BTW - Ebay gives 50 free auctions a month now which are free no matter what the opening bid is.
You either need a large margin item or do so much volume that you make a few bucks on the item and a few on shipping and handling. Theoretically you could sell 2,000 items a month, sell just enough over cost to cover the fees, and then 2, 3, 4 dollars over on extra shipping and you are in some money. For most of us it is just a way to get some cash back for stuff you don't want anymore, not really make any money.
What lots of people who list don't realize is when you put a high BIN on an item and start the bid at 99 cents, all it takes is a 99 cent bid to wipe the BIN option away. Seems kinda dumb due to the fact that they paid extra for that option....
What? BIN has always been a free option for me. The BIN never goes away on the rare occasion that someone actually bids on one of my auctions.
I agree about the fees, though. 9% is insane.
. . . you have Associated Green Slime for brains. And not even new Green Slime, but old gooped out Green Slime.
It's time to stand up to the bully. Support the companies that support the industry, not the ones that tear it down. Say no to Traxxas Factory Works website