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Small Business Ideas Forum

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Old 18th July 2006, 01:04 PM   #11

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Old 18th July 2006, 03:08 PM   #12
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Location: Appleton, WI
Posts: 33

I'm not an Ebay seller, but I view it as a consignment situation. Your expectation of revenue should reflect the cost of selling it on Ebay and these considerations should form the basis for your "reserve".

Paypal isn't always a great option for merchants, but for someone like you who is looking to offload a few items but not starting a permanent business it is a decent way to accept credit cards. The fees you are charged aren't unique to Ebay sellers.You may or may not be aware of this, but every time you use your credit card or debit card the business from which you are purchasing has to pay a certain percentage of your transaction and some amount of fees to a processing company for taking your card.

In short - accept the fact that it costs something to sell something on Ebay and be sure to figure what it costs into your selling price.

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Old 18th July 2006, 10:20 PM   #13
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Default Don't Be Intimidated. . .

Don't be intimidated by the ebay stuff. I've tinkered alot with ebay over the last several years and it has been profitable. My advice to you is to register with paypal. Don't be intimidated by the fees associated. Yes, you do have to pay. But you also need to recognize that you would never have as many potential buyers come and browse a table set up in your front yard at a yard sale - as you would have viewing your item on ebay.

One person may be willing to pay $2 for your item at a yard sale and you've sold it for free. That's great. However, 200 people may view your item on ebay - and 15 may end up in a bidding war over it. The results can be astonishing. And if your final bidder is willing to pay $40 for your item - then spending the $2 you would've made at your yard sale - on ebay and paypal fees instead - is definitely worth it.

As for the boxes, if you ship via the US Postal Service via Priority Mail and visit their website for shipping supplies, you will find that they will ship the boxes right to your doorstep - absolutely free of charge! Surf through the site - they have it set up to look like there are costs for the items. However, you will see that all the priority boxes, labels, etc. up to the 12" box are at no charge. Add them to you cart, it will total an invoice - and the total will be $0. A week or two later - they are on your doorstep.

As for paypal, I do it because you can accept credit card payments, receive payments the day your auction ends rather than waiting 7-10 days to receive a check that has to clear - or a money order that is possibly fradulent - in the mail. Then you can transfer your paypal money right into your savings or checking account. The funds are available with 2-3 business days. You can also use your paypal funds to shop on ebay and many other sites on the internet. They take their minimal fees (pocket change) right out of the funds received from your bidder upon payment receipt - so it really isn't an "out of pocket" expense that you have to turn around and pay to them. Accepting paypal attracts more bidders by offering several ways to accept payment. They can then use credit cards, e-check payments, or debit cards to pay for their auction win. You really decrease the number of potential bidders by limiting them.

And if you want to pay your ebay fees prior to the monthly billing - you can do so through your "my ebay" page anytime you like. Additionally, you can remit the payment directly from your paypal account. The money comes straight from the funds you've collected from your auction listings rather than out of your pocket. If you pay them weekly - they don't accumulate.

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Old 19th July 2006, 08:46 AM   #14
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Location: Rochester, NY
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A suggestion I would have on this is not to look past a local internet consignemnt company. To give you an idea, the one I often use here in Rochester is Cluttertocash.net.

They list the item for a fee, but there are several advantages if the items you have are worth selling...

1.) They have thousands of auctiuons under their belt, which raises the interest level of serious collectors, since they are more comfortable that the description/condition/quality is accurate.

2.) They take professional photos.

3.) They write professional descriptions that sell.

You have to pay more, but the final selling price will PROBABLY be higher.

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Old 20th July 2006, 09:12 PM   #15

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Thank you all very much for all you help ^_^

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Old 14th October 2006, 12:26 PM   #16

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eBay owns Paypal. eBay does not include shipping/handling in their cut but Paypal does.

We wrote a couple of guides for selling on eBay.

Getting the Most from your eBay Store


Last edited by jpatriar; 28th December 2006 at 01:35 PM. Reason: Close eBay Store - Guides Still Available Though
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