Ebay store question?

by Dale_Anthony 7 replies
Hi,

I've been selling on ebay since the beginning of the year and have been doing O.K.

In the ebay newsletter I saw this advertisement:

"Selling or planning to sell more than 50 per month? An eBay Store may be the best choice for you. Starting May 1, with an eBay Stores subscription you'll get between 500-2,500 FREE listings* a month, final value fees as low as 4%, and access to a wealth of great marketing tools to help you grow your business! Best of all, subscriptions start as low as $15.95 a month. Learn more about everything eBay Stores have to offer."

First of all (naive question) Is an ebay store hosted on your own domain, own hosting account? Do you have an ebay store? Is it worth the 15.95 a month?

Second....4% final value fee......YES PLEASE!!!!

Also a paypal question. I have a verified personnel paypal account that takes 30 cents for every transaction. Doesn't sound like much but to me thats $30 plus bucks a month out of my pocket. I was reading their business account negates the 30 cents...is there any drawbacks to there business account?

Thanks for your response
Dale
#ecommerce sites, wholesaling & drop shipping #ebay #question #store
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  • Profile picture of the author travlinguy
    Originally Posted by Dale_Anthony View Post

    Hi,

    I've been selling on ebay since the beginning of the year and have been doing O.K.

    In the ebay newsletter I saw this advertisement:

    "Selling or planning to sell more than 50 per month? An eBay Store may be the best choice for you. Starting May 1, with an eBay Stores subscription you'll get between 500-2,500 FREE listings* a month, final value fees as low as 4%, and access to a wealth of great marketing tools to help you grow your business! Best of all, subscriptions start as low as $15.95 a month. Learn more about everything eBay Stores have to offer."

    First of all (naive question) Is an ebay store hosted on your own domain, own hosting account? Do you have an ebay store? Is it worth the 15.95 a month?

    Second....4% final value fee......YES PLEASE!!!!

    Also a paypal question. I have a verified personnel paypal account that takes 30 cents for every transaction. Doesn't sound like much but to me thats $30 plus bucks a month out of my pocket. I was reading their business account negates the 30 cents...is there any drawbacks to there business account?

    Thanks for your response
    Dale
    I was once a power seller on eBay. I can't answer the PayPal question but the store offer looks great to me. What are you selling, if I may ask? I sold lots of books and then varied other items from electronics to clothes and anything I could mark up.
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  • Profile picture of the author Dale_Anthony
    "What are you selling, if I may ask?"

    For me it's anything that's small, decently profitable and easy to ship...like microfiber cellphone cleaners

    What kind of volume did you pump out...i mean how many auctions a month did you put up...and what made you decide to leave your powerseller status for other ventures?
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    • Profile picture of the author Silas Hart
      The Store Membership is how eBay collects a reliable monthly subscription fee from its Sellers, and in exchange offer them lower rates for things such as Fixed Price insertion which I believe is 25 cents for a Fixed Price listing for non-store owners, but only 5 cent for Premium ($50/mo) Store members.

      If you spend $50.00/mo for their mid-level membership, you get greatly reduced rates but its actually overkill for most sellers because they don't list up enough items a month to make up for the $50 up front fee. For example, if you list 250 items a month to be able to qualify for the Premium Store membership, you spend 5 cents per listing which is $62.50 which includes membership. If you sell 250 items at .25, its the same price $62.50. However, most people are actually limited to selling 100 items a month. So you see, it isn't really a "discount" unless you sell More than 250 items a month.

      Data collected amongst my students is that only 21% of them are allowed to sell more than 100 items a month because they feel that beyond that, it isn't worth it to them. This is indirectly because they don't have any real capital invested or aren't serious enough about an income goal of more than a couple hundred dollars a month in profit thus only want to or can only commit what they deem to be "part time hours." Some of them report that eBay simply won't allow them to become larger sellers who can sell in higher monthly volume.

      Several of my stores are "Anchor Stores" which means I pay $300/mo and list and sell several thousand items per month, per account. The 3 cent insertion does very little for me, I save maybe a couple hundred dollars a month but Anchors are a gateway to getting an account representative on eBay. For example, 2 months ago one of my accounts went down because of a stream of false "Not a Verified Rights Owner" claims from a competitor for items I am allowed to sell/distribute. If I were Not an Anchor Store, I am 99.99% positive that I would have been screwed because I would have been left conversing with people from Singapore trying to get my account reinstated who, as eBay CSR's, don't actually have the authority or know-how to reinstate an account or investigate matters.

      eBay Stores USED to be "cool" back in the early to mid 2000's because people ran essentially their own eCommerce stores when eBay's core sales were based on Auctions, so people went to a store and did a Buy it Now. Now eBays core sales are from Fixed Price listings from traffic that came from Search Engines and very little from eBay itself.

      I hope this clarifies a couple things for you.
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      • Originally Posted by Silas Hart View Post

        So you see, it isn't really a "discount" unless you sell More than 250 items a month.
        Just as a little bit of a correction.

        When you have an eBay store, it's not, and shouldn't be based on how many items you SELL.

        Why? Because the savings aren't based on final value fees, and the math should be based on the insertion fee discounts (which I think you're eluding to as well)

        Here's a way of simplifying it.

        There are 3 levels of stores.

        Basic $15.95

        Premium $49.95

        Anchor $299.95


        So, if the insertion fee for a Good til cancelled fixed price listing goes from 50 cents to 20 cents, then 5 cents, then 3 -- then simply divide the costs by the insertion fees to find the 'break even' to know how many listings you need to have to JUSTIFY the subscription OR the upgrade.

        Basic store = 32 listings to subscribe

        Premium = 100 Listings to subscribe/250 listings to upgrade

        Anchor = 600 listings to subscribe/6000 listings to upgrade

        Hope this helps!
        Signature
        Famous for my '$1000 dollar challenge,' I've been teaching people how to DOMINATE on eBay for YEARS. Sell 100% of your items FOR A PROFIT. Rank higher, sell faster, sell more, and DESTROY your competition with a data-based approach. Quit listening to Guru's-in-training! Click now below!
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  • Profile picture of the author Dale_Anthony
    Thanks Silas,

    That clarifies a few things. I don't think I'd be able to list 250 plus auctions because of ebays duplicate content rules. I like starting 99 cent auctions that are always on the "lowest price first page". If I was to start a "buy it now" and price it all at say $20 it would get stuck in the 10 million other ads that are listing the same product for $20.

    Anyway I'm eager to list as many auctions as I can (still I'm limited to 100)
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    • Profile picture of the author Night Train
      Better double check the final value fees on those type of items as they probably fall into the higher 9% fee range. Also the duplicate listing rule is a complete joke. Check any category and there are literally hundreds of duplicate listings from the same sellers. Just change 1 or 2 words in the title and it will never get picked up as a duplicate listing.
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  • Profile picture of the author Trucker
    Checking out subscriptions will only increase burden of monthly pay but will give u an advantage of many things that these subs offers... So atleast have a look at that & possibly they are a good option to chose.
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