"A Message From Bill Cobb, President, eBay N. America" ~ OR ~ We're Jacking Up Your Fees A
RBinTex
Posts: 4,328 ✭
An excerpt from the e-mail:
"Store Inventory Listings
For those of you who operate an eBay Store, we're making changes to Store Inventory listing fees, as well as to the on-site exposure we provide for this listing format.
We'll begin charging variable insertion fees for Store Inventory listings, as we do for core listings. Beginning Aug. 22, eBay.com Store Inventory format insertion fees will be tiered with an item's starting price.
These Store Inventory format insertion fees take effect Aug. 22, 2006:
Starting Price, New Insertion Fee (Current Fee)
$0.01 -- 24.99, 5¢ (2¢)
$25.00 and higher, 10¢ (2¢)
Some Store Inventory format final value fees also will also increase, effective Aug. 22, 2006:
Selling Price, New Final Value Fee (Current Fee)
$0.01 -- 25.00, 10% (8%)
$25.01 -- 100.00, 7% (5%)
$100.01 -- 1,000.00, 5% - no change - (5%)
$1,000.01 and higher, 3% - no change - (3%)
Net effect: 8 cents more for most stroe listings (per store listing) to list & 5 cents extra final value fee for 1st $25, 15 cents extra for next $75.
Probably on average a 25 cent increase (28 cent max) per sold store listing & near 8 cents for unsold ones.
I guess nothing to get TOO excited over - sorry.
"Store Inventory Listings
For those of you who operate an eBay Store, we're making changes to Store Inventory listing fees, as well as to the on-site exposure we provide for this listing format.
We'll begin charging variable insertion fees for Store Inventory listings, as we do for core listings. Beginning Aug. 22, eBay.com Store Inventory format insertion fees will be tiered with an item's starting price.
These Store Inventory format insertion fees take effect Aug. 22, 2006:
Starting Price, New Insertion Fee (Current Fee)
$0.01 -- 24.99, 5¢ (2¢)
$25.00 and higher, 10¢ (2¢)
Some Store Inventory format final value fees also will also increase, effective Aug. 22, 2006:
Selling Price, New Final Value Fee (Current Fee)
$0.01 -- 25.00, 10% (8%)
$25.01 -- 100.00, 7% (5%)
$100.01 -- 1,000.00, 5% - no change - (5%)
$1,000.01 and higher, 3% - no change - (3%)
Net effect: 8 cents more for most stroe listings (per store listing) to list & 5 cents extra final value fee for 1st $25, 15 cents extra for next $75.
Probably on average a 25 cent increase (28 cent max) per sold store listing & near 8 cents for unsold ones.
I guess nothing to get TOO excited over - sorry.
0
Comments
PCGS, ANACS, & NGC Certified Coins on My Website.
<< <i>Probably on average a 25 cent increase (28 cent max) per sold store listing & near 8 cents for unsold ones.
I guess nothing to get TOO excited over - sorry.
Not for any individual listing or small store, but for hundreds of thousands of listings (or more) at any given time, it IS a big deal.
What eBay is doing is like slowly turning up the temperature on a frog in a pot, hoping that with a series of very small increases, the frog will be boiled alive without even realizing it...
Actually I bailed out of an eBay store way back when the raised the price from $8.95 a month.
Now they want a 10% base fee
Rediculous
My posts viewed
since 8/1/6
<< <i>Who among us thinks prices for anything stay the same or go down ? Wake up---Inflation is alive and well. Gold @ $700 soon Gasoline @ $4 gallon. Ebay employees want to eat also ! >>
True. But there's no reason for the level of eBay inflation we're seeing other than "we're a de facto monopoly, so we can charge whatever the market will bear." It's not exactly a business heavily influenced by oil prices like, say, the transportation business.
I really want to see a group of very deep-pockets, high-powered computing industry leaders start something to get some real competition out there and knock eBay off their high horse. They know they're the only realistic alternative in town right now, and they intend to exploit it. But at some point, their fees may become so exorbitant that real competition is encouraged. I'm really looking to see what Legend's auctions become, for example. Not that this will be "coin trading venue for the masses," but it's potentially a test for a certain segment of the market.
lets screw ebay and use david's house as an auction hall.
The logistics ain't that hard, are they ? We are on our honor and we got the boards to keep each other in check
<< <i>Try running real auctions instead of fooling around with "store" listings. >>
I do 98% through core listings at face value and no reserve. The back end fees along with listing and pay pal still takes a huge chunk. My fees last month as a small seller were almost $200 without a store and I don't pay for the front page advertising ($19.95) for any coins.
I sold about one thousand dollars worth, so that is almost 20% This doesn't count pay pal fees or shipping/ink/paper/tape/etc etc etc......
The fees were already astronomical.
Sometimes the best way to win a game is to NOT PLAY.
I say we all get together like a good coin posse and BOYCOTT for about 30 days.
<< <i>lets screw ebay and use david's house as an auction hall. >>
An interesting thought, can this be legitimately done here on the BST board?
<< <i>Try running real auctions instead of fooling around with "store" listings. >>
The problem is that currently a lot of sellers have sellthrough rates at 40-50%. That means for many sellers they are paying more for fees then they get back in sales. (if they only use auctions)
While I dont sell coins we so sell suits on Ebay and even on our high quality ones we are only getting around 50% selling. The store helps items find buyers without listing the item 4-8 times in auctions.
If I listed all my items in auction my listing fees would increase by a factor of 2 or 3 without any new sales!
<< <i>The extra 8c to list an item in the store for a month isn't a huge deal to me. >>
The problem is, it's another 8 cents followed by another 8 cents followed by another 8 cents followed by...
That seem's to be eBay's strategy -- keep making a lot of small changes, no single one of which seems unbearable by itself. The problem is, several of them in a short time period begins to look pretty exorbitant.
<< <i>
<< <i>The extra 8c to list an item in the store for a month isn't a huge deal to me. >>
The problem is, it's another 8 cents followed by another 8 cents followed by another 8 cents followed by...
That seem's to be eBay's strategy -- keep making a lot of small changes, no single one of which seems unbearable by itself. The problem is, several of them in a short time period begins to look pretty exorbitant. >>
Well I guess you can say that my store listing fees went from $8 to $33. Oh well, I'll skip lunch one day this week. Lord knows it wouldn't hurt me to do so.
<< <i>Who among us thinks prices for anything stay the same or go down ? Wake up---Inflation is alive and well. Gold @ $700 soon Gasoline @ $4 gallon. Ebay employees want to eat also ! >>
Inflation should result in higher fees from higher prices of goods sold. What they are doing here is jacking up fees for low value listings, which has nothing to do with inflation, and everything to do with revenue maximization for a monopoly.
and it sets us apart from practitioners and consultants. Gregor
<< <i> Ebay employees want to eat also ! >>
Let them eat cake!
<< <i>It appears to me Ebay is pushing to remain an amateur selling venue, and is pestering/questioning/fee increasing the businesses that list. >>
What's wrong with a selling venue for amateurs? That was the intial appeal of eBay for me when I signed up 8 years ago. Many collectors like me ignore the retail-priced eBay store listings altogether and focus on the auctions, where there is still the thrill of bidding and the game of making educated guesses as to how close the seller's pictures and written descriptions resemble the item the winning bidder will receive.
If you read Bill Cobb's message yesterday about "resetting the baqlance of the eBay marketplace", he provided a link to show that eBay store items provided 83% of all eBay listings but only 9% of the gross merchandise value sold on eBay.com. It seems that they realize that they make it too easy for a seller to set up an eBay store owner to list his unwanted inventory at retail or above, waiting for that desperate sucker to bite, and are getting tired of bidders complaining that they have to wade through so much dreck before they find something they are willing to pay for at an agreeable price. Add into the mix two facts that Bill Cobb didn't dare mention: 1) eBay is perceived as a venue full of scamsters, and 2) eBay stock is tanking.
Given 1) and 2) above, I see the increase in eBay store fees with the announcement of no change in regular auction fees as an effort from eBay to get back to the good old days, when they profited from amateur collectors and accumulators buying and selling to the highest bidder. If the seller is less knowledgeable than the buyer, the seller might get a good deal, and the buyer will come back to cherrypick more amateurs. However, the current situation is 83% of listings by professionals who hope to rope in a rube. I'm glad eBay is trying to collect more from the ropers than the ropees. They are desperate to become profitable again, and realize that they can't do it on collecting fees from unsold merchandise.
How long before eBay eliminates the neglected eBay stores altogether?
Absolutely nothing. I prefer that Ebay personality.
and it sets us apart from practitioners and consultants. Gregor