Author Topic: TUTORIAL: How to avoid being a bad SELLER  (Read 12284 times)

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Offline KeepOnTrying!

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #15 on: July 10, 2016, 12:19:09 AM »
You can do it on a month to month basis. So your best bet is to get it all ready to go right away.

Ok. Will do. Thanks again!
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Offline Vredaren

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #16 on: July 10, 2016, 04:49:30 AM »
If you are going to sell some medals on ebay, get a monthly subscription to an ebay store to drop your percentage from 10% to 6%. You will have to sell $400 /mo to break even and anything over 400 is money in the bank.

Wow, I didn't know that, thanks for the information!

Offline Vredaren

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #17 on: July 10, 2016, 05:05:47 AM »
If my math isn't incorrect though - at 6% fees instead of 10% fees it should be a bit more than $600 in sales to save money if your subscription is $25/month. It also appears that the prices differ depending on which country you reside in.

Offline jc888888888

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #18 on: July 10, 2016, 06:48:44 AM »
I would suggest you sell to USA only .... or at the very least screen your international buyers very carefully as previously reported here... I did not follow my own advise once and it cost me close to $1000  feedback matters!  check you buyers feedback it is easy to spot a less than desirable buyer .....  pay a little extra shipping (insurance) to protect yourself   anything over $275   get a signature confirmation

Offline NBM

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #19 on: July 10, 2016, 09:27:56 AM »
Would it be possible to sell through an established dealer on consignment?
If so what would a fair fee be to pay for this service?

Offline KeepOnTrying!

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #20 on: July 10, 2016, 10:09:45 AM »
I would suggest you sell to USA only .... or at the very least screen your international buyers very carefully as previously reported here... I did not follow my own advise once and it cost me close to $1000  feedback matters!  check you buyers feedback it is easy to spot a less than desirable buyer .....  pay a little extra shipping (insurance) to protect yourself   anything over $275   get a signature confirmation

Thanks for suggestions. I shall restrict my market to the USA. Life is already complex without adding the variables and vicissitudes of international transactions. I am also thinking of using Paypal only.
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Offline jwa1inv

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #21 on: July 10, 2016, 04:45:04 PM »
I only use Paypal for EBay transactions as therocket. I like their record keeping.
Using their invoices for off EBay deals is excellent, too, as buyer
protections come with those deals provided you follow their guidelines.

You might want to look into EBay TurboLister 2 software to keep
a database of your listings ready to go. It enables you to update
listings edited offline to EBay or update them all at once or synchronize your
Turbo Lister 2 records with the changes you made to your listings on EBay online.
I have not used this software lately but found Turbo Lister quite helpful in the past.
I feared that I would soon have to rewrite a bunch of my old EBay listings
until I realized that I had them in Turbo Lister 2. I have been goofing off
lately but may list more later this year and plan to use the software much more.
Unsold listings are held on EBay itself, but not for very long.

Best of Luck with EBay/Paypal!
They take their cut, but can be worth it at times.

Offline KeepOnTrying!

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #22 on: July 10, 2016, 08:27:12 PM »
Thanks jwa1inv.
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Offline silverpv

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #23 on: July 10, 2016, 09:01:45 PM »
If my math isn't incorrect though - at 6% fees instead of 10% fees it should be a bit more than $600 in sales to save money if your subscription is $25/month. It also appears that the prices differ depending on which country you reside in.

You are correct. They recently increased the price for month to month.

Offline KeyDate1/2ozPandas

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #24 on: July 11, 2016, 04:19:57 AM »
I had yearly contract for the store at $16/month, didn't list anything for the last 12 months so I cancelled the store, now ebay send me all kinds of incentives to list at reduced final value fees.  The current promotion is $1 final value fees for the first 5 items sold, others include $50 to $100 cap on final value fees.  I would recommend you get a store for a month or two and then cancel it and wait for a promotion, then list your items.

I listed 24 items today in under 1 hour, the new listing page is very easy to use and allows you to crop pictures. 

Offline Honus

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #25 on: July 11, 2016, 05:15:49 PM »
I know it's been covered before, but maybe it bears repeating from time to time...  If you want to broaden your market and reach international buyers, don't be afraid to require bank wire transfers.   Reputable buyers - meaning buyers who have been around the block, and who are working with some affluence - are more than comfortable using bank transfer.  In our own business (we sell jewelry, average transaction around $1500) we now receive $4 in bank wires & cashier's checks for every $1 we receive via PayPal or credit cards - this crossover, where "old school" methods of payment eclipse PP/CC - happened for us back in 2013 and it's been that way ever since.   We do give a 2% discount for cash, but otherwise we don't push bank wires on our customers - we give them the option, and more and more are abandoning the use of PayPal and Credit Cards.   I would never have predicted this, and I'm still often shocked at the ratio, but it's happening.   Point is, don't be afraid to ask for bank wires - if you're dealing with the "right" buyers, the kind of buyers you want to build a small online business around, they'll be more than happy to work that way. 

Of course, as everyone is very well aware, several excellent members of this forum have built successful online businesses using only old-school payment methods so I'm not telling you guys anything you don't already know.  But it may still surprise some people, because it has surprised me, that plenty of buyers are happy to transact without PayPal being part of the process as long as the trust is there.
Eric Liquori
Anvil Fine Wares
www.anvilfinewares.com

Offline jwa1inv

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #26 on: July 11, 2016, 06:26:58 PM »
I had yearly contract for the store at $16/month, didn't list anything for the last 12 months so I cancelled the store, now ebay send me all kinds of incentives to list at reduced final value fees.  The current promotion is $1 final value fees for the first 5 items sold, others include $50 to $100 cap on final value fees.  I would recommend you get a store for a month or two and then cancel it and wait for a promotion, then list your items.

I listed 24 items today in under 1 hour, the new listing page is very easy to use and allows you to crop pictures. 

I have encountered similar incentives to those before when I cancelled my store. The increase to $25 per month subscription makes another store cancellation
pretty attractive. Good idea!

Offline KeepOnTrying!

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Re: TUTORIAL: How to avoid being a bad SELLER
« Reply #27 on: July 11, 2016, 10:21:55 PM »
I know it's been covered before, but maybe it bears repeating from time to time...  If you want to broaden your market and reach international buyers, don't be afraid to require bank wire transfers.   Reputable buyers - meaning buyers who have been around the block, and who are working with some affluence - are more than comfortable using bank transfer.  In our own business (we sell jewelry, average transaction around $1500) we now receive $4 in bank wires & cashier's checks for every $1 we receive via PayPal or credit cards - this crossover, where "old school" methods of payment eclipse PP/CC - happened for us back in 2013 and it's been that way ever since.   We do give a 2% discount for cash, but otherwise we don't push bank wires on our customers - we give them the option, and more and more are abandoning the use of PayPal and Credit Cards.   I would never have predicted this, and I'm still often shocked at the ratio, but it's happening.   Point is, don't be afraid to ask for bank wires - if you're dealing with the "right" buyers, the kind of buyers you want to build a small online business around, they'll be more than happy to work that way. 

Of course, as everyone is very well aware, several excellent members of this forum have built successful online businesses using only old-school payment methods so I'm not telling you guys anything you don't already know.  But it may still surprise some people, because it has surprised me, that plenty of buyers are happy to transact without PayPal being part of the process as long as the trust is there.

Thanks for that great contribution. I will start off with PayPal but if I continue for more than a few months other payment options you highlighted could come into use. I have certainly paid for coins by check several times now and never had a problem.

Best wishes.
KeepOnTrying and Never Give Up!
That lion is also after you!