on โ30-01-2013 08:57 PM
So in the last few months I have been selling up to around 30 items a month. I now have four items I currently sell. $18, $22, $59 and $114. The latter just added. I am trying to work out if I should turn into a store or stay? But its really doing my head in. The chances of stocking more items in the future would be maybe another two items I have my eye on and being on the upper price range of what I already sell.
So I take it you guys can see what I sell. Whats the formula for working out if it's viable or not?
The only advantage I can see of having a store is I can sell more than 30 items in a month, AND I need to sell a lot more to make up the coin for the store fee too. which may not work. So I think I'm a little stumped on which way to go.
Any advise will go a long way here.
Thanks.
on โ30-01-2013 09:04 PM
My 1st question would be why are you starting an auction at just 5c difference to the BIN price ?
on โ30-01-2013 09:10 PM
My 2nd question would be why are you refusing bank deposit-which you unfortunately refer to incorrectly as direct debit in your lisitings ?
There are still a lot of people out there who only pay via bank deposit even though it has no buyer protection for them.On the plus side,you don't pay Paypal fees on bank deposit
on โ30-01-2013 09:13 PM
Many say you should have 100-200 saleable items for it to be worthwhile.
Paying $50 a month is a lot if suddenly you only have 1 or 2 sales a month for a period.
Just work with figures of 50 and 100 listings, then look at costs of each scenario (Free listings vs store) and see how many of your items you need to sell to break even in both cases.
Go to customer support, top right to get selling fees and store fees.
Or here are the links -
http://pages.ebay.com.au/help/sell/fees.html
http://pages.ebay.com.au/help/sell/storefees.html
on โ30-01-2013 09:22 PM
So I can sell more than one an item at the same (BIN) price.
on โ30-01-2013 09:25 PM
Because I want all the funds to stay in one place. I don't want to open another bank account just for this...Not yet anyway. And the latter is a typo I have forgotten time and time again to correct.
on โ30-01-2013 09:27 PM
I think i'm going to have to start a store anyhow. I just got a message from someone trying to purchase something and they said something about maximum number of items from the seller... I have sold 31 items in a month...
on โ30-01-2013 09:50 PM
If you only have a few items, a store may not be all that viable unless you can turnover enough to make the $50 fee worthwhile.
The main advantage of having a store for you would be being able to create one Buy It Now listing with multiple quantities of the same item available, and that the listing could remain live for as long as you have stock available rather than just 10 days. The option to list multiple quantities as a BIN listing (10 day duration) will become available if you reach Power Seller status, so if you sell successfully enough (100 transactions and US$3000 worth, in any 12 month period), you'll be able to do that instead of listing them individually.
Unless you have other selling restrictions imposed, you can list and sell more than 30 items a month, it's just that the first 30 don't attract a listing fee (which are 50c for up to $19.99, $1.50 for $20-$99.99 and $3 for $100+).
If you have a store, the listing fee will drop to 20c per listing, regardless of quantity available, but if you use a multiple quantity listing as a Power Seller without a store, it will be the listing fee X quantity (say the price is set at $22 and you have 10 available, your listing fee would be 10 x $1.50 = $15.00). The final value fee would also drop from 7.9% to 7% if you had a store.
So, obviously there would be a point where having the store would be more economical, but it really depends on whether you do or don't achieve Power Seller status, how much stock you have, and how often it would sell.
on โ30-01-2013 09:56 PM
I just got a message from someone trying to purchase something and they said something about maximum number of items from the seller... I have sold 31 items in a month...
Are they a repeat buyer? As that sounds like you may have a block in place to prevent buyers from purchasing a certain amount of items from you over a certain period of time.
You can check what blocks you have by going to Account > Site Preferences > Buyer Requirements, and edit them if you want to change them. If you don't want to change them, and it is what's blocking the buyer from purchasing, you can still allow them to buy by adding their member ID to your exemption list, (the list is easily accessible via Selling Manager, or the site map, but here's a direct link as well: http://pages.ebay.com.au/services/buyandsell/biddermanagement.html).
on โ30-01-2013 10:04 PM
Thanks for the info Digital Ghost. I did have a block on there, not sure how it got there but I have fixed it. As the buyer is a return customer. As for the store decision. I worked it out, i will be paying an extra $35 p/m in fee's if i go to a store, going by last months sales....
Thanks for the help.