I know what prompted this , but it was a mixup at the Drs. office , > @jmlanzaf said:
@ScarsdaleCoin said:
Just an FYI. Amazon does not make money off of sales. Amazon as a sales platform loses money. Amazon makes money off data and computer services. They are the clould and that is the revenue. eBay. Worlds greatest marketplace really? Do you still use Facebook too? It’s a whole new day...think you guys are living in the past
That's not completely true. Amazon disproportionately makes far more money on cloud services, but it isn't a complete charity on sales. But, that really is quite beside the point.
Amazon has successfully convinced the e-world that shipping should be free and returns should be easy and free. That is the real problem for other e-tailers.
Anyone who gets in bed with Amazon needs their head examined. Try selling on Amazon I dare you Putting anything on the cloud is braindead too for that matter.
Ebay has its warts to be sure , I don't like the fees and the policies that keep changing but I consider Amazon , microsoft , facebook , et al to be my enemies .
As this is the PCGS US coin forum, consider the sale of a common $20 Saint in PGCS MS66+. Market is in the $3000 range. Cost to the dealer might be $2600 as we are not talking about used car parts that can be bought for a substantial discount to retail.
During the so called level playing field era of Ebay, the final value fee was $45 ($25 on the first $1000 plus $10 per thousand thereafter.) Same coin today would carry a fee of $184.50.
Essentially this important sector has been eliminated for the independent dealer and has been turned over to the handful of preferred bullion houses that receive substantial discounts.
In order to compete effectively others will have to offer more. i'm thinking a lifetime guarantee of grade, authenticity, value; delirious happiness over product and value as well as email support to hold the hand of customers who have any anxiety about the products they have bought. No other businesses I know of offer such lengths of customer satisfaction as some ebay sellers are now required to.
@logger7 said:
In order to compete effectively others will have to offer more. i'm thinking a lifetime guarantee of grade, authenticity, value; delirious happiness over product and value as well as email support to hold the hand of customers who have any anxiety about the products they have bought. No other businesses I know of offer such lengths of customer satisfaction as some ebay sellers are now required to.
I was going to keep it secret but my new Ebay store name is IHOb.
But it gets harder every year. The tighter your margin, the more work you do for less reward.
Been on ebay for 20 years. Margins are better now than 5 years ago. I am NOT an ebay cheerleader, and do not like a lot of what they do, but they are a phenomenal sales platform. You just have to know what to buy and sell.
I would lose money if my sales were selling 60 pound bags of sand for $3, to undercut Home Depot and offering free shipping. SOME coins are not worth it to sell on ebay, I understand.
However, for Joe Average, selling on ebay at netting X, versus taking it to the only B&M coin store for 95 miles. and getting .3 of X, it is a win for Joe Average.
Also, since people can scroll ebay sales while walking through a coin show, IMHO, it forces overpriced dealers to cut prices to compete, or fold.
I sold quite alot on feepay in 2011 then dropped back into collector mode. When I go to the fees page these days, I find it to be so over the top in expectations of the seller and fees that there is no way I would ever use feepay as my sole venue for selling. The only way these days is to be all in (i.e. large amounts of sales) and to have feepay as your advertising and have your own website that ultimately can be found by feepay browsers. I would love to see the books of feepay and see if these overbearing fees are actually moving the buisness model forward. It seems they are desperate running these 10% off etc. deals pretty much all of the time. Now they say they are going away from PayPal?
Now wonder the overall quality of coins offered at competitive pricing has been severely curtailed on feepay over the years. Just not a good venue any more for sellers of collectable coins and getting worse for buyers all the time.
My profit margin for my bio samples is huge compared to coins, so much so that a few % isn't gonna ruin me. I can't do anything to change it, but I'm in a position now that I'm likely to just remain a buyer.
I've been realizing how much time I spend searching coins to find occasional gems or diamonds or even quick 10-20 dollar profits (since I'm going to the PO anyway). It's been taking longer and longer to accomplish this.
When I go out hiking, I forage lichen or moss or seeds that I find. Most items go to universities and schools and arboretums, or to students, professors, and faculty for genetic testing, seedbanks etc. I can fill a laundry basket in a few trips and have thousands of dollars profit.
Much different than trawling ebay hours on end, hoping your nuke bid wins or you snag a nice BIN, or find someone powerselling a storage unit and they don't care etc. to turn around and only make $50.
People will still buy coveted PNW flora all the live long day with no returns. I'll leave when ebay forces returns, because people can just buy the sample, use it, and return it with incredibly small or invisible markers that it's even been handled.
Forced returns is when I'm out, otherwise I'll basically be a library that pays you late fees and then gives you free copies of the books. I can live with paying them a little more while I save up for my own website.
@ErrorsOnCoins said:
I sell and buy more now than I ever did. I have been on ebay almost 20 years.
My fees are way lower now than they use to be as now I have an ebay store.
Paypal is a super awesome service which has had my back 100% of the time. The fees are small. I remember the days of having a CC merchant account.
OMG, you want checks and MO instead of PayPal. That was such a pain in the butt. It is so much easier now.
Thank you eBay and Paypal for allowing me to form a highly successful company using your platforms.
Are you receiving a discount on fees for your testimonials?
If so, sign me up.
I will don and wear the eBay colors proudly.
However, I do have a few questions about the outfits.
Do I get a discount on the skirt or does eBay provide the uniforms?
What about the pom poms?
However, I will not shave my legs, even for a discount.
@ErrorsOnCoins said:
I sell and buy more now than I ever did. I have been on ebay almost 20 years.
My fees are way lower now than they use to be as now I have an ebay store.
Paypal is a super awesome service which has had my back 100% of the time. The fees are small. I remember the days of having a CC merchant account.
OMG, you want checks and MO instead of PayPal. That was such a pain in the butt. It is so much easier now.
Thank you eBay and Paypal for allowing me to form a highly successful company using your platforms.
Are you receiving a discount on fees for your testimonials?
If so, sign me up.
I will don and wear the eBay colors proudly.
However, I do have a few questions about the outfits.
Do I get a discount on the skirt or does eBay provide the uniforms?
What about the pom poms?
However, I will not shave my legs, even for a discount.
I just tell the TRUTH about MY experiences with ebay.
Is ebay perfect, of course not. Here are two eBay bashes that I am sure Coinstartled will use against me in the future.
At the moment it seems impossible to take off sales tax when the buyer has a resale number for in-state sales. We just do a workaround with refunds and note taking.
The other is when an item if fully refunded, it disappears. They actually disappear items now, just weird.
@ErrorsOnCoins said:
I sell and buy more now than I ever did. I have been on ebay almost 20 years.
My fees are way lower now than they use to be as now I have an ebay store.
Paypal is a super awesome service which has had my back 100% of the time. The fees are small. I remember the days of having a CC merchant account.
OMG, you want checks and MO instead of PayPal. That was such a pain in the butt. It is so much easier now.
Thank you eBay and Paypal for allowing me to form a highly successful company using your platforms.
Are you receiving a discount on fees for your testimonials?
If so, sign me up.
I will don and wear the eBay colors proudly.
However, I do have a few questions about the outfits.
Do I get a discount on the skirt or does eBay provide the uniforms?
What about the pom poms?
However, I will not shave my legs, even for a discount.
I just tell the TRUTH about MY experiences with ebay.
Is ebay perfect, of course not. Here are two eBay bashes that I am sure Coinstartled will use against me in the future.
At the moment it seems impossible to take off sales tax when the buyer has a resale number for in-state sales. We just do a workaround with refunds and note taking.
The other is when an item if fully refunded, it disappears. They actually disappear items now, just weird.
.
So in 2011, my fee cost per coin (feepay fees + PP), was 7 to 7.5%. That was it, I could charge real costs for shipping and break even, and not be charged by feepay FV fees for shipping. Now I do the math, and work in the cost of a store, and we are talking 11 to 13% at minimum for all feeapy fees, PP, and when I include shipping. That means if I can mark up a coin 17 to 20% above costs and assuming I can really sell at the markup, we are talking 4 to 7% net for all of the hail feepay now puts one through. I would not want to have my living money on those kinds of narrow profit margins. So it is good others can make a living at this, but no way I could. In 2011, I made a net margin of 11-12% which was more than what feepay made off of me. With reasonable volume, that could work, but not in feepay today.
@ErrorsOnCoins said:
I sell and buy more now than I ever did. I have been on ebay almost 20 years.
My fees are way lower now than they use to be as now I have an ebay store.
Paypal is a super awesome service which has had my back 100% of the time. The fees are small. I remember the days of having a CC merchant account.
OMG, you want checks and MO instead of PayPal. That was such a pain in the butt. It is so much easier now.
Thank you eBay and Paypal for allowing me to form a highly successful company using your platforms.
Are you receiving a discount on fees for your testimonials?
If so, sign me up.
I will don and wear the eBay colors proudly.
However, I do have a few questions about the outfits.
Do I get a discount on the skirt or does eBay provide the uniforms?
What about the pom poms?
However, I will not shave my legs, even for a discount.
I just tell the TRUTH about MY experiences with ebay.
Is ebay perfect, of course not. Here are two eBay bashes that I am sure Coinstartled will use against me in the future.
At the moment it seems impossible to take off sales tax when the buyer has a resale number for in-state sales. We just do a workaround with refunds and note taking.
The other is when an item if fully refunded, it disappears. They actually disappear items now, just weird.
.
Well, your perceptions become your reality.
Mine become mine.
They are vastly different.
I doubt we'll ever agree.
The other is when an item if fully refunded, it disappears. They actually disappear items now, just weird.
>
Refunding in the app can glitch easy so be careful if you use it or do it that way. I've had it return money to the wrong people, or returned money to the wrong item and person, glitchy BS.
Truth is ebay is awesome. Truth is I made a business decision when ebay wanted to charge me 50 bucks to list 200 items. Truth is I did not fold. Truth is I could have changed the listings to auction style for free. Truth is I chose to use my time to update my website.
Truth is I do not cheat ebay, I try a workaround their policies to help my bottom line.
Truth is if you worked as hard developing your ebay business as you do bashing it, you would (probably) make more money. If it is not in you then give up.
@ErrorsOnCoins said:
Truth is truth. Facts are facts. Alternative facts are not facts.
The world is not black and white; it is full of nuances and shades of grey. Those who speak of truth are only giving their biased perceptions of reality which may or may not be realistic. In this case, the "truth" is Devin Wenig's version of truth.
@ErrorsOnCoins said:
What are you guys implying by me asking a seller to move an item?
I have broken no laws in doing so.
Did you guys even READ the terms and conditions of the offer? It says nothing about asking sellers to move an item or about sellers moving an item.
Work on your own business, and not mine as I am doing just fine.
Pulling an item to sell it off of eBay is a violation of your contract with eBay when done for fee avoidance, so it is quite ironic that you gripe about others complaining about eBay rules when you refuse to honor them.
@ErrorsOnCoins said:
What are you guys implying by me asking a seller to move an item?
I have broken no laws in doing so.
Did you guys even READ the terms and conditions of the offer? It says nothing about asking sellers to move an item or about sellers moving an item.
Work on your own business, and not mine as I am doing just fine.
Pulling an item to sell it off of eBay is a violation of your contract with eBay when done for fee avoidance, so it is quite ironic that you gripe about others complaining about eBay rules when you refuse to honor them.
You are wrong, read before you quote. I said move in the ebay platform. Show me where in ebays rules you can not move an item into another category.
@ErrorsOnCoins said:
What are you guys implying by me asking a seller to move an item?
I have broken no laws in doing so.
Did you guys even READ the terms and conditions of the offer? It says nothing about asking sellers to move an item or about sellers moving an item.
Work on your own business, and not mine as I am doing just fine.
Pulling an item to sell it off of eBay is a violation of your contract with eBay when done for fee avoidance, so it is quite ironic that you gripe about others complaining about eBay rules when you refuse to honor them.
You are wrong, read before you quote. I said move in the ebay platform. Show me where in ebays rules you can not move an item into another category.
@ErrorsOnCoins said:
What are you guys implying by me asking a seller to move an item?
I have broken no laws in doing so.
Did you guys even READ the terms and conditions of the offer? It says nothing about asking sellers to move an item or about sellers moving an item.
Work on your own business, and not mine as I am doing just fine.
Pulling an item to sell it off of eBay is a violation of your contract with eBay when done for fee avoidance, so it is quite ironic that you gripe about others complaining about eBay rules when you refuse to honor them.
You are wrong, read before you quote. I said move in the ebay platform. Show me where in ebays rules you can not move an item into another category.
I misunderstood or misread something. Sorry.
Thank you. Integrity!
If you can find it, please point out where I am factually incorrect and I will certainly admit it if I can verify I was wrong on the disputed fact.
I would also re-evaluate any thinking I had with a bad fact. Leaning is good.
@Coinstartled said:
As this is the PCGS US coin forum, consider the sale of a common $20 Saint in PGCS MS66+. Market is in the $3000 range. Cost to the dealer might be $2600 as we are not talking about used car parts that can be bought for a substantial discount to retail.
During the so called level playing field era of Ebay, the final value fee was $45 ($25 on the first $1000 plus $10 per thousand thereafter.) Same coin today would carry a fee of $184.50.
Essentially this important sector has been eliminated for the independent dealer and has been turned over to the handful of preferred bullion houses that receive substantial discounts.
This is true. But, of course, try to sell that same coin on GC or Heritage or Stack's. You actually still have a better deal on eBay, especially if you get the store and TRS discounts.
Is the username, "checkmywebsiteatcoinscheaperhere.com" available?
Thank you.
Actually, my username is "everythingvaluable.com" which used to be my private website. I've sort of abandoned the website - I still own the domain - but the username has stayed.
Remember when PayPal was free before eBay clenched its greedy talons around it?
PayPal was free for market-share reasons. In fact, they would give you $5 to sign up and use it at the beginning. Their plan was ALWAYS to charge a processing fee. But first, they had to get people to use it. 3% of $0 is $0. So, they lost money for a little bit to generate marketshare.
And again, make the right comps. Compare PayPal to the cost of using another credit processing service. It is cheaper if you are a low volume business but more expensive for a high volume business.
Amazon's terms used to be better also. Does anyone remember Amazon Z-shops? But they always give it away so you'll have to buy it later. Microsoft did the same thing with Office and Windows. They gave it away to every college kid and faculty member in the country. Once all your work was in MS-Office, you were all but forced to buy the product when you graduated.
And, again, I dare you to open a B&M store and compare the costs of doing business to the costs of eBay. Or go to shopify and look at the cost per eyeball.
But it gets harder every year. The tighter your margin, the more work you do for less reward.
Been on ebay for 20 years. Margins are better now than 5 years ago. I am NOT an ebay cheerleader, and do not like a lot of what they do, but they are a phenomenal sales platform. You just have to know what to buy and sell.
I would lose money if my sales were selling 60 pound bags of sand for $3, to undercut Home Depot and offering free shipping. SOME coins are not worth it to sell on ebay, I understand.
However, for Joe Average, selling on ebay at netting X, versus taking it to the only B&M coin store for 95 miles. and getting .3 of X, it is a win for Joe Average.
Also, since people can scroll ebay sales while walking through a coin show, IMHO, it forces overpriced dealers to cut prices to compete, or fold.
This is very true. There are plenty of great venues (GC, Heritage, Amazon, etc.) but not EVERYTHING is appropriate for EVERY PLACE.
If you've got a bag of circ Indian cents, you can probably sell the bag for 60 cents or so each. That's a net 50 cents, even if you are paying the 15% eBay fees and not the discounted fees. But you can't send that back to GC or Heritage. And if you take that to your local coin store, you will get 25 cents each. eBay works for this item.
On the other hand, if you have a common date circ $20 Lib, there is NO WAY to sell it on eBay or GC or Heritage Your local store will probably buy it for 98% of melt. But the 15% eBay fee or 15% GC fees or 20-30% Heritage fees can't compete.
But for many, many things, eBay is the best place. I just bought a MS66 Robinson commem for $179 (all fees + shipping) last week. I sold it on eBay yesterday for $262 (net $236 after all fees and shipping). I made$57 on the coin, but consider what the consignor lost by sending it to GC instead of eBaying it themselves. The buyer got approximately $145 ($176 - 10% buyer - 5% seller - $5 setup). Does that make GC bad? No. But eBay sure as heck beat it. I made $57 by moving it over to eBay. The seller "lost" $91 by not just putting it on eBay.
Remember when PayPal was free before eBay clenched its greedy talons around it?
PayPal was free for market-share reasons. In fact, they would give you $5 to sign up and use it at the beginning. Their plan was ALWAYS to charge a processing fee. But first, they had to get people to use it. 3% of $0 is $0. So, they lost money for a little bit to generate marketshare.
And again, make the right comps. Compare PayPal to the cost of using another credit processing service. It is cheaper if you are a low volume business but more expensive for a high volume business.
Amazon's terms used to be better also. Does anyone remember Amazon Z-shops? But they always give it away so you'll have to buy it later. Microsoft did the same thing with Office and Windows. They gave it away to every college kid and faculty member in the country. Once all your work was in MS-Office, you were all but forced to buy the product when you graduated.
And, again, I dare you to open a B&M store and compare the costs of doing business to the costs of eBay. Or go to shopify and look at the cost per eyeball.
I can't say you're wrong, but I thought it's motto was initially "always free" or something like that. Seems par for the course though for eBay/PayPal...
Comments
I know what prompted this , but it was a mixup at the Drs. office , > @jmlanzaf said:
Anyone who gets in bed with Amazon needs their head examined. Try selling on Amazon I dare you
Putting anything on the cloud is braindead too for that matter.
Ebay has its warts to be sure , I don't like the fees and the policies that keep changing but I consider Amazon , microsoft , facebook , et al to be my enemies .
As this is the PCGS US coin forum, consider the sale of a common $20 Saint in PGCS MS66+. Market is in the $3000 range. Cost to the dealer might be $2600 as we are not talking about used car parts that can be bought for a substantial discount to retail.
During the so called level playing field era of Ebay, the final value fee was $45 ($25 on the first $1000 plus $10 per thousand thereafter.) Same coin today would carry a fee of $184.50.
Essentially this important sector has been eliminated for the independent dealer and has been turned over to the handful of preferred bullion houses that receive substantial discounts.
In order to compete effectively others will have to offer more. i'm thinking a lifetime guarantee of grade, authenticity, value; delirious happiness over product and value as well as email support to hold the hand of customers who have any anxiety about the products they have bought. No other businesses I know of offer such lengths of customer satisfaction as some ebay sellers are now required to.
I was going to keep it secret but my new Ebay store name is IHOb.
"In hope of beans!"
Been on ebay for 20 years. Margins are better now than 5 years ago. I am NOT an ebay cheerleader, and do not like a lot of what they do, but they are a phenomenal sales platform. You just have to know what to buy and sell.
I would lose money if my sales were selling 60 pound bags of sand for $3, to undercut Home Depot and offering free shipping. SOME coins are not worth it to sell on ebay, I understand.
However, for Joe Average, selling on ebay at netting X, versus taking it to the only B&M coin store for 95 miles. and getting .3 of X, it is a win for Joe Average.
Also, since people can scroll ebay sales while walking through a coin show, IMHO, it forces overpriced dealers to cut prices to compete, or fold.
I sold quite alot on feepay in 2011 then dropped back into collector mode. When I go to the fees page these days, I find it to be so over the top in expectations of the seller and fees that there is no way I would ever use feepay as my sole venue for selling. The only way these days is to be all in (i.e. large amounts of sales) and to have feepay as your advertising and have your own website that ultimately can be found by feepay browsers. I would love to see the books of feepay and see if these overbearing fees are actually moving the buisness model forward. It seems they are desperate running these 10% off etc. deals pretty much all of the time. Now they say they are going away from PayPal?
Now wonder the overall quality of coins offered at competitive pricing has been severely curtailed on feepay over the years. Just not a good venue any more for sellers of collectable coins and getting worse for buyers all the time.
Yikes to feepay.
Best, SH
I sell and buy more now than I ever did. I have been on ebay almost 20 years.
My fees are way lower now than they use to be as now I have an ebay store.
Paypal is a super awesome service which has had my back 100% of the time. The fees are small. I remember the days of having a CC merchant account.
OMG, you want checks and MO instead of PayPal. That was such a pain in the butt. It is so much easier now.
Thank you eBay and Paypal for allowing me to form a highly successful company using your platforms.
My profit margin for my bio samples is huge compared to coins, so much so that a few % isn't gonna ruin me. I can't do anything to change it, but I'm in a position now that I'm likely to just remain a buyer.
I've been realizing how much time I spend searching coins to find occasional gems or diamonds or even quick 10-20 dollar profits (since I'm going to the PO anyway). It's been taking longer and longer to accomplish this.
When I go out hiking, I forage lichen or moss or seeds that I find. Most items go to universities and schools and arboretums, or to students, professors, and faculty for genetic testing, seedbanks etc. I can fill a laundry basket in a few trips and have thousands of dollars profit.
Much different than trawling ebay hours on end, hoping your nuke bid wins or you snag a nice BIN, or find someone powerselling a storage unit and they don't care etc. to turn around and only make $50.
People will still buy coveted PNW flora all the live long day with no returns. I'll leave when ebay forces returns, because people can just buy the sample, use it, and return it with incredibly small or invisible markers that it's even been handled.
Forced returns is when I'm out, otherwise I'll basically be a library that pays you late fees and then gives you free copies of the books. I can live with paying them a little more while I save up for my own website.
Hoard the keys.
Are you receiving a discount on fees for your testimonials?
If so, sign me up.
I will don and wear the eBay colors proudly.
However, I do have a few questions about the outfits.
Do I get a discount on the skirt or does eBay provide the uniforms?
What about the pom poms?
However, I will not shave my legs, even for a discount.
I just tell the TRUTH about MY experiences with ebay.
Is ebay perfect, of course not. Here are two eBay bashes that I am sure Coinstartled will use against me in the future.
At the moment it seems impossible to take off sales tax when the buyer has a resale number for in-state sales. We just do a workaround with refunds and note taking.
The other is when an item if fully refunded, it disappears. They actually disappear items now, just weird.
.
My YouTube Channel
So in 2011, my fee cost per coin (feepay fees + PP), was 7 to 7.5%. That was it, I could charge real costs for shipping and break even, and not be charged by feepay FV fees for shipping. Now I do the math, and work in the cost of a store, and we are talking 11 to 13% at minimum for all feeapy fees, PP, and when I include shipping. That means if I can mark up a coin 17 to 20% above costs and assuming I can really sell at the markup, we are talking 4 to 7% net for all of the hail feepay now puts one through. I would not want to have my living money on those kinds of narrow profit margins. So it is good others can make a living at this, but no way I could. In 2011, I made a net margin of 11-12% which was more than what feepay made off of me. With reasonable volume, that could work, but not in feepay today.
Best, SH
Margins are super important. That is why you must Buy right. Money is made on the buy side and not the sell side.
Well, your perceptions become your reality.
Mine become mine.
They are vastly different.
I doubt we'll ever agree.
perception .......
I like facts, not perception. The number is either a 6 or a 9. It can not be both. I only live by FACTS and TRUTH
Truth is relative. Whose truth...?
Truth is truth. Facts are facts. Alternative facts are not facts.
@ErrorsOnCoins
>
Refunding in the app can glitch easy so be careful if you use it or do it that way. I've had it return money to the wrong people, or returned money to the wrong item and person, glitchy BS.
Now we have Shakespeare chiming in.
It IS the way I live my life. I am very curious.
Truth is you praise Ebay, fold when the listing fees rise and cheat them when a promotion is not to your liking.
Truth is ebay is awesome. Truth is I made a business decision when ebay wanted to charge me 50 bucks to list 200 items. Truth is I did not fold. Truth is I could have changed the listings to auction style for free. Truth is I chose to use my time to update my website.
Truth is I do not cheat ebay, I try a workaround their policies to help my bottom line.
Truth is if you worked as hard developing your ebay business as you do bashing it, you would (probably) make more money. If it is not in you then give up.
Don't really know how to respond to that, so I won't.
If you are not working on improving YOUR bottom line, then I Don't really know how to respond to that, so I won't.
Seems to be pretty clear, no response needed.
What are you guys implying by me asking a seller to move an item?
I have broken no laws in doing so.
Did you guys even READ the terms and conditions of the offer? It says nothing about asking sellers to move an item or about sellers moving an item.
Work on your own business, and not mine as I am doing just fine.
Dear eBay,
Is the username, "checkmywebsiteatcoinscheaperhere.com" available?
Thank you.
The world is not black and white; it is full of nuances and shades of grey. Those who speak of truth are only giving their biased perceptions of reality which may or may not be realistic. In this case, the "truth" is Devin Wenig's version of truth.
Pulling an item to sell it off of eBay is a violation of your contract with eBay when done for fee avoidance, so it is quite ironic that you gripe about others complaining about eBay rules when you refuse to honor them.
Kinda like a 30 year return...
There's two coins I've bought back 3-4 times in the last 12-14 years at 100% and always quickly resold in a day.
You are wrong, read before you quote. I said move in the ebay platform. Show me where in ebays rules you can not move an item into another category.
I misunderstood or misread something. Sorry.
Thank you. Integrity!
If you can find it, please point out where I am factually incorrect and I will certainly admit it if I can verify I was wrong on the disputed fact.
I would also re-evaluate any thinking I had with a bad fact. Leaning is good.
Buying right in todays coin world is pretty tough. I like high quality, that costs because you need to pay up for that, so margins are tight.
Best, SH
Yes, that is why it is called work. I only buy high quality. You certainly can find good buys, but it requires hard work.
I must be a slouch.
Best, SH
This is true. But, of course, try to sell that same coin on GC or Heritage or Stack's. You actually still have a better deal on eBay, especially if you get the store and TRS discounts.
Actually, my username is "everythingvaluable.com" which used to be my private website. I've sort of abandoned the website - I still own the domain - but the username has stayed.
PayPal was free for market-share reasons. In fact, they would give you $5 to sign up and use it at the beginning. Their plan was ALWAYS to charge a processing fee. But first, they had to get people to use it. 3% of $0 is $0. So, they lost money for a little bit to generate marketshare.
And again, make the right comps. Compare PayPal to the cost of using another credit processing service. It is cheaper if you are a low volume business but more expensive for a high volume business.
Amazon's terms used to be better also. Does anyone remember Amazon Z-shops? But they always give it away so you'll have to buy it later. Microsoft did the same thing with Office and Windows. They gave it away to every college kid and faculty member in the country. Once all your work was in MS-Office, you were all but forced to buy the product when you graduated.
And, again, I dare you to open a B&M store and compare the costs of doing business to the costs of eBay. Or go to shopify and look at the cost per eyeball.
This is very true. There are plenty of great venues (GC, Heritage, Amazon, etc.) but not EVERYTHING is appropriate for EVERY PLACE.
If you've got a bag of circ Indian cents, you can probably sell the bag for 60 cents or so each. That's a net 50 cents, even if you are paying the 15% eBay fees and not the discounted fees. But you can't send that back to GC or Heritage. And if you take that to your local coin store, you will get 25 cents each. eBay works for this item.
On the other hand, if you have a common date circ $20 Lib, there is NO WAY to sell it on eBay or GC or Heritage Your local store will probably buy it for 98% of melt. But the 15% eBay fee or 15% GC fees or 20-30% Heritage fees can't compete.
But for many, many things, eBay is the best place. I just bought a MS66 Robinson commem for $179 (all fees + shipping) last week. I sold it on eBay yesterday for $262 (net $236 after all fees and shipping). I made$57 on the coin, but consider what the consignor lost by sending it to GC instead of eBaying it themselves. The buyer got approximately $145 ($176 - 10% buyer - 5% seller - $5 setup). Does that make GC bad? No. But eBay sure as heck beat it. I made $57 by moving it over to eBay. The seller "lost" $91 by not just putting it on eBay.
I can't say you're wrong, but I thought it's motto was initially "always free" or something like that. Seems par for the course though for eBay/PayPal...
I can think of worse online venues, sites and apps.
``https://ebay.us/m/KxolR5
@silder23 how can you disagree with a joke?
BHNC #203