Death of the eBay stores?
relayer
Posts: 10,570 ✭
I sold a $425 coin in my eBay store and paid $12.31 in fees. Next month it would be $22.00 (plus an extra $6 month base fee increase)
Does anybody (besides me) have an eBay store they plan on closing before the new price increases?
On a $10,000 coin the fee will go from $163.13 to $320.75.
Poor Anaconda
Does anybody (besides me) have an eBay store they plan on closing before the new price increases?
On a $10,000 coin the fee will go from $163.13 to $320.75.
Poor Anaconda
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Money is not an object for the Snake !
Must be nice!
Overall, we find eBay sales to be a poor return on time invested and their fees don't make it anymore enticing.
WNC Coins, LLC
1987-C Hendersonville Road
Asheville, NC 28803
wnccoins.com
Selling coins at coin shows is a lot easier, and given eBay’s every escalating fees it’s often not that much more expensive. You pay a flat amount, and after that it’s up to you to buy and sell as much as possible. Buy it at the show … sell it at the show if you are lucky … fill want lists … and see it all BEFORE you buy. It’s old-fashioned, but it really works for me.
Coins are not a high mark-up item for the most part. We dealers do handle a lot of money, but most us are lucky if our gross margins are 10 to 20 percent. eBay fees don't take that into consideration.
I hope eBay takes notice.
Collector of US Small Size currency, Atlanta FRNs, and Georgia nationals since 1977. Researcher of small size US type - seeking serial number data for all FRN star notes, Series 1928 to 1934-D. Life member SPMC.
Ken
Now I'll pass.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Ta ta Meg...It was nice to know ya.
42/92
<< <i>I never understood the advantage of the ebay store. >>
The listing fee is 2 cents for 30 days (plus 1 cent for gallery). Up until now, the final fees were the same.
Listing a coin for 7 days on eBay opening at $500 would cost $5.05 vs. $0.03 in a store listing for 30 days.
The benefits are a lower listing fee for a longer period, but the store listings don't show up in the main eBay searches (there is a seperate serach for items listed in stores) so there is not much traffic looking at the auctions. Monthly fees start at $9.99
So eBay stores are a good place to list higher dollar items that you aren't in a hurry to sell.
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I must say that I have been doing well with this approach, actually realizing more pure profit and then I look around at other sellers offering what they claim to be exactly what I have not even garnering so much as a bid yet mine sell for 5 times what they offered theirs for. Much is sold to repeat customers that have already experienced the quality of what WAS to be sent to PCGS but sold this way instead.
I just can't see selling expensive items on eBay anymore. It's much simpler to send such merchandise to Heritage or Teletrade. Of course, this is just MHO!
<< <i>I never understood the advantage of the ebay store. Perhaps someone with experience can enlighten me. >>
Usually I would put a couple of auctions on the straight Ebay Auction format to draw people into the store. Most people are usually looking for more than one coin or car part. The auctions drew them in to pay the price I really wanted for a item. Also if the people saw that many items were available they would ask if you had something else that was not listed. Probably 40% of my car part selling was outside of ebay because of questions that were asked. It was fun while it lasted but no more.
Ken
I guess SOME eBay Store sellers will now be charging $10 to ship single uninsured coins. Wear on tires, gasoline, packaging, time invested,
and now eBay Store Fees!
Great transactions with oih82w8, JasonGaming, Moose1913.
Less competition and higher prices (a bit) for their coins.
It's like taking your ad OUT of the yellow pages. Think HARD before doing so.
Even though I was mostly a buyer, I did sell about 5 bullion/coin related items and It is a lot of work on part of the seller and little reward. I asked Ebay and PayPal to shove it and closed my accounts with both.
Where in the WORLD can you get the exposure eBay gives you for the same price - REALLY, PLEASE TELL ME 'CAUSE I WANT TO SIGN UP THERE.
Of course, as the laws of supply & demand go, if your store listings are about 2-3% higher on average (to offset the fees) you'll sell a little less (all else equal) but, really, how much less? Just increase the # of listings a tad to offset the gross profit lost for an apples to apples number of listings.
But, hey, what do I know. PLEASE close your eBay store or DON'T open one - THE FEES ARE TOO HIGH
BTW, in case anyone is NOT familiar with the price hikes, the MAXIMUM amount per listing NON-eBayStore items are going to increase is 50 cents per listing. An extra 20 cents per listing if you choose the 10 day auction option, up to a MAXIMUM of 20 cents additional for certain buy-it-now amounts, and an extra 10 cents for NON-STORE ITEM gallery images - BUT, for the extra 40% gallery image charge, eBay is going to increase the size of the gallery image by 56% (so actually as a cost per "square foot" - or pixel - the cost is GOING DOWN)!
Edited to fix a minor math error
Where in the WORLD can you get the exposure eBay gives you for the same price - REALLY, PLEASE TELL ME 'CAUSE I WANT TO SIGN UP THERE.
Nowhere.....that's the beauty of eBay! MAX EYE BALLS.
Dave
We are writing to let you know that effective midnight PST, February 18, 2005 eBay.com and eBay Motors will be making changes to the fee structure.
The fee changes are as follows:
Gallery
Gallery fees will be raised from $0.25 to $0.35 per listing. We will also be increasing the size of the Gallery image on search and listings pages by 56%. This will make it easier for buyers to see details of the item before clicking into the listing.
Buy It Now
Buy It Now fees will no longer be charged at a flat rate, and will instead be determined based on the Buy It Now price. Fees will be charged as follows:
Buy It Now Price........Fee
$0.01 - 9.99 .............$0.05
$10 - 24.99 ..............$0.10
$25 - 49.99 ..............$0.20
$50+ ........................$0.25
10-Day Duration
The fee for 10-day duration listings will be raised from $0.20 to $0.40 per listing.
eBay Stores
The fee for the Basic eBay Store subscription will be raised from $9.95 to $15.95 per month. The subscription fee for Featured and Anchor Stores will be unchanged.
eBay Store Inventory format listing insertion fees will remain unchanged. The Final Value Fee for Store Inventory items will change as follows:
Closing Price --- Old Price --- New Price
$0.01 - $25 --- 5.25% of the closing value --- 8% of the closing price
$25.01 - $1,000 --- 5.25% of the initial $25, plus 2.75% of the remaining closing value balance. --- 8% of the initial $25, plus 5% of the remaining closing value balance ($25.01 - $1000)
Over $1,000 --- 5.25% of the initial $25, plus 2.75% of the next $25.01-$1000, plus 1.50% of the remaining closing value balance ($1,000.01 - closing value). --- 8% of the initial $25, plus 5% of the next $25.01 - $1000, plus 3% of the remaining closing value balance ($1,000.01 - closing value).
Store sellers will continue to be eligible to receive 50% off of the Store Inventory listing final value fees for Store Referral credit. Please click here for details.
Insertion and Final Value Fees
The insertion and Final Value Fees will be changing for items listed in certain Business & Industrial categories. More details about the changes for these categories are provided below. The insertion and Final Value Fees in other categories will not be changing.
Business & Industrial Listings in Certain Categories
The Reserve, insertion and Final Value Fees will be changing for select high item price capital equipment categories in Business & Industrial. Please click here to view the capital equipment categories affected by the pricing change.
The fee changes for these capital equipment categories are as follows:
* Reserve fee: Lowered to $5, refundable if the item sells
* Insertion fee: Raised to $20, regardless of starting price
* Final Value Fee: Lowered to a 1% flat fee, with a $250 maximum charge
Additional listing upgrade fees will remain the same as for eBay.com. Pricing for all other Business & Industrial listings outside the specified capital equipment categories will remain the same as for eBay.com.
eBay will also introduce Buyer Protection covering up to $20,000 per item in these capital equipment categories this spring. eBay will offer this Buyer Protection at no cost to the buyer or seller.
The following fee changes will apply to vehicle listings on eBay Motors.
Fee Changes for eBay Motors Vehicles Listings
Reserve
Reserve will be charged a $5 flat fee for all eBay Motors vehicles categories except Pocket Bikes. This fee will still be refundable if your item sells.
10-Day Listings
The fee for 10-day listings will be changed to $8 for all eBay Motors vehicles categories except Pocket Bikes.
Pocket Bikes Category
The insertion fee and Transaction Services Fee will be lowered from $30 to $3 each.
The following fees will remain the same: Reserve ($2 flat fee, refundable if item sells), Gallery (free), Listing Designer ($5) and Highlight ($5). Motors HomePage Featured fee will be lowered to $24.95 and Vehicle Picture Pack fee will be lowered to $1.50. All other fees will be lowered to become the same as those for eBay Motors Parts & Accessories categories.
For more information about these fee changes, please see our Frequently Asked Questions.
Some international eBay sites have also changed their fee structures. To learn more, please check Announcements for the eBay site of interest.
We understand that fees directly impact our members, and take care to ensure that any decisions to change fees are made only after careful consideration of this impact. These changes will help us continue to sustain and develop a thriving global marketplace, while balancing the needs of our buyers and sellers around the world.
Regards,
eBay
Then about six months ago or so, eBay search started working for stores. Right away I picked up a few choice items that had been languishing for who knows how long. As I expanded my searches, I found more stuff. Stores, which had once SUCKED, now totally ROCKED.
Perhaps it was too much of a good thing. Now with the price going up and so many stores closing, stores will go back to the obscurity where they once dwelt. Ultimately, each proprietor has to decide for themself whether the price increase is worth it. They could always roll the increase into the price of their store items; I'd've suspected that they had been doing this all along anyway, just at a lower level.
It'll be interesting to see how this shakes out. Maybe eBay wants to just kill the stores, the way they wanted to kill half.com (and look how neat that worked out).
But on other criteria such as time which is a big one. Hey it took 2 years to put a clickable link in my signature line. Imagine the chaos on ebay!
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
1) Getting expensive
2) Moving to a far away place in hell.
I wouldn't worry about us.