$28 a month now for the Ebay basic store.
Coinstartled
Posts: 10,135 ✭✭✭✭✭
(112 quarters, to keep this coin relevant.)
Seems I was paying $16 a few years ago.
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Coinstartled
Posts: 10,135 ✭✭✭✭✭
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Tariffs affect the bottom line of us all. Should also point out the ever declining USD doesn't help. Wouldn't be surprised to see it costing 200 quarters a month in the next several years.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
The basic store is an awesome deal.
My Store .....
stores.ebay.com/ctf-error-coins?_trksid=p2047675.l2563
I'll let you send me a list of what you have for only 20 bucks.... ONE TIME CHARGE
EOC, is there a number where you say, gee whiz, I am getting hosed, or does the broken record keep repeating?
I rent a booth in an antique mall:
$96.00 a month rent
8% Commission
Theft and loss
Not near the exposure of ebay.
$28 isn't too awful bad considering the other options.
But all the $28 does is reduce your selling fee to 6.15% from 10%. Advent of Ebay, the fee was 2.5% with no store fee.
One wonders where the completion is. Yahoo folded quickly and no one else ever really materialized.
What is your annual volume? I do more buying than selling at this time but I sure noticed more and more are asked of us from any sectors. Good luck @Coinstartled
I remember when final value fees were 3 percent. you could actually make a little money selling
Sell $727.27 worth of stuff a month and the store pays for itself. If don't ever sell that much per month, drop it.
It's only $21.95 per month with the annual subscription. Since you save about 4% on final value fees (10% vs 6.15%), as long as you sell $575 per month, it's worth it just for the fee savings. And, of course, you do get 500 free listings per month (250 fixed, 250 auction).
Given the eyeballs, still a good deal in my opinion. It would cost you more than that just to have your own merchant gateway...and without the eyeballs.
I still make money selling at 6.15% (minus 10% bonus for Top-rate plus). Compare it to the cost of a brick-and-mortar store and you'll be thrilled.
besides the commission savings on ebay is there not a paypal reduce fee deal?
Coinstartled, My sales have been skyrocketing this year, I just check, up 723.5% in the last 31 days.
I get a discount on final value fees and get free shipping supplies.
Ebay has the most eyeballs, the best protection thru Paypal so it's all good.
My business has reached a tipping point because of ebay.
Well I am comparing it to the cost of Ebay when I got started in 2000. Final fee on $3000 coin was $45. Today it is $184, plus the amortized cost of the store.
Subsidizing the likes of Apmex is getting old.
Sorta OT, but I just got an email from eBay asking me to sign a petition to oppose sales tax for everyone selling.
Fine, but the electronic ...signing... form wouldn't work.
As you posted a link to your store earlier, I took a look. You certainly have a nice assortment of error coins. You have about the same number of listings as seller feedback (apx. 180). Seems like a bit of inventory gridlock.
Thank you, I sold a ton of $3 error coins to build my up PayPal account to buy this inventory. I do not view it as gridlock, I sell plenty and replace all the time. I sell unique items in a thin market so some take time to sell. I will sit on super eye appealing items as they are worth my asking price and the free advertising associated with them on eBay. I was trying to get to 200 as per your other thread but the dang buyers won't let me get there
You gotta spend money to make money. It's the weirdest phenomena.
``https://ebay.us/m/KxolR5
I think the cap is $750 now.
GC seems the way to go now. Self service is a dinosaur.
I have more difficulty finding (using ebay search) items in stores than I do "regular" auction/BIN items.
I don't have a store today. When I did, the sales frequency didn't improve at all. Currently I have 19 coins listed at give away prices and barely even got looks. Now that the annual "summer slowdown" has arrived, I expect things to only get worse.
F#*% E-Bay.
A worldwide market for a fraction of the selling price, Ebay is the best thing going
Wisdom has been chasing you but, you've always been faster
Does anyone know why Yahoo Auctions went under? I enjoyed the coin auctions there years ago. It seemed very active to me at the time.
It will continue to push the small sellers out until only the larger venues are left. Then it will be nothing more than an overrated Amazon. I hope Amazon or Google gives eBay a run for its money.
Amazon won't leave me alone! I have told them 2 times now that until they reduce their fees coins on their site are out for me! Check out amazons final value fees...not to mention they control your funds with an iron hand! Unfortunately it seems that is the model ebay is heading to with the announcement of their new competition against paypal coming in less than 2 years.
What many ebayers don't realize...under my selling model basically 10% of the cost of the coin is the fees and shipping!(many times more) I've had offers from regulars that will work without ebay envolved! Why don't they learn google is your friend???
It seems to me that a number of respondents here have done due diligence, know their market, and rightly concluded that at current rates, an ebay store is the right choice.
Thanks for the heads up Christopher !
You also need a bit of margin after the fees or the model collapses.
Since they didn't charge any fees, they decided to cut costs, and add to their bottom line. I was sad to see them close up shop as I did better there than on feepay by a considerable amount.
Where's @keets? I'm sure he'll give you amateurs some idea of the costs of running an actual store. I'm not sure when the world became free. Free news, free music, free movies, free auctions... eBay's cost model is incremental while a B&M store has more fixed costs, but if you compare the costs, it is hard to get in the game for less than eBay.
There are other venues, of course, but for inexpensive items the costs of GC are higher than eBay, for example. Having your own website MAY be cheaper, but may take years to build up the eyeballs to even a fraction of eBay. Amazon is more expensive and more restrictive than eBay.
Is eBay for everyone? No. But, frankly, being in the "coin business" isn't for everyone. If you paid $40 for common date 63/64 Morgan $s, good luck find ANYPLACE other than Craig's list where you can sell them for a profit.
In my experience, people who complain about auction sites or eBay or B&M stores or dealers in general have never tried to run a business. All forms of retail sale have costs, and we haven't even talked about the value of time.
Do you know why eBay exists? Because it's cost structure is appropriate and works for hundreds of thousands of retail sellers. The problem with coins is that the bid/ask spread is so low that almost no venue ends up being profitable for 95% of widgets.
The cap is $250 with a Basic or higher level store.
I made my first 500% coin profit the other day. The store seems more and more tempting. I'm no longer having inventory problems and have secured some nice sellers for my product. I'm running out of free listings and have 110 items to go up today.
I just got a huge break yesterday, got a e mail from e bay list 5 auctions with a value of over 200 and only pay a 20 dollar flat fee, so i listed 5, total value of 5 auctions listed, 14,000
eBay seems to be hurting as there's plenty of alternative venues to sell on these days. As lately I'm getting better time sensitive promotional rate offers on my eBay account I've never sold on then an entry level store. Yet once you sign up for a store you never get these as they've already hooked you for a year.
I enjoy buying & selling on ebay, I give great deals and tend to pay high. Guess that makes me the best kind to Ebay Inc. I have been laying low for about of month as my Dad is really sick. But I do think I am going to start buying again. Today's market is a buyers market and because of that I get the feeling deals are to be had.
It seems that when Gold moves up, interest goes up. strange that people are motivated more when prices are up.
Best place to buy !
Bronze Associate member
Hope that your dad gets better soon.
NICE!
I actually have a Premium store which gives me 1500 listings. I think it is very affordable with the value fee discount, the free shipping supplies, etc. It's only $59.95 per month on the annual plan. You couldn't get a phone for a B&M for that price.
jmlanzaf, I am glad that you are successful with your Ebay sales. The B&M comparison keeps coming up and the relevance is deceptive. The value of the B&M location is mostly for the buying opportunity of the proprietor. It is extremely rare to have a seller "walk through the door," of an Ebay store.
Makes it harder to rip off the grannies and people on hard times. Shame.
The comparison is not identical because of the buying opportunity, but the cost structure for sales is the issue. eBay is much cheaper than other sales venues including B&M. [People do offer to sell to me through eBay, by the way.] But even if you are buying through your B&M, you still have to sell that stuff also. And selling has costs.
If you run a B&M, you have to pay rent, whether you sell anything or not. You have utilities and advertising, whether you sell anything or not. There's a reason that there are almost NO B&M stamp stores left. If it weren't for PM scrap, there would be no B&M coin stores left. I don't know of any B&M coin store that survives on retail coin sales.
If you don't like the B&M comparison (apt though it may be), look at the cost of having your own merchant website. It will cost you as much as your eBay store with 1% of the eyeballs. Your FVF will be lower on your own website, but you'll have a hard time selling anything without eyeballs.
Don't recall ever seeing too many B&M stamp shops. All I recall were combined with coins.
That is a rather disingenuous comment.
It was a joke >.< Since some people think it's all that coin dealers do.
Used to be. In fact, a lot of five-and-dimes used to have stamp departments - back in the day.
The page I saw on eBay quoted the price as $21.95. Where do you see $28?
One is the rate if you commit to a full year, while the other is if you pay only one month at a time.
“Starting May 1, 2018, the yearly fee for a Basic Store subscription will change from $19.95/month to $21.95/month. The monthly fee for a Basic Store subscription will change from $24.95/month to $27.95/month.”
https://pages.ebay.com/seller-center/seller-updates/2018-spring/ebay-stores.html
Just sold a small collection for a friend, realized about $3200 - can't imagine getting the exposure elsewhere that ebay provides.
I think the store is still a good deal, but I question how store items are being posted. Has anyone noticed that your own listings are no longer visible on ebay? I used to verify my postings this way but since my store opened, they don't come up in searches. If I can't see them, who else cannot? BTW - it seems the summer doldrums are here - my sales have dropped as quick as homes in Pahoa (condolences to volcano victim losses).
If they're invisible to you on the regular ebay page, they should be visible in the app.