ebay store?
I wanted to ask if you guys think that opening a ebay store is a good thing to do? I have noticed several of you close your stores recently. Will the fees be greater or lesser in a store than in a regular auction style listing? I know that there is a monthly fee of $15 but what is the difference between the listing prices and the additional fees they charge you. For example, if you list an item for a starting price of $55 then you would have to pay $2.40 for the insertion fee and $0.35 for gallery and so on in an auction. Plus if your item sells then they charge you a final value fee of 4.5% plus 1.5% off the additional $30 after $25. What do they charge you for this on ebay stores? Is it close to 10%? Oh and please do not post the ebay link because that is very confusing in my opinion.
Comments
~~NGD
$0.76 fees on $5 item .
$2.24 shipping
$3 out of $5 belongs to someone else. If you set your shipping cost at $3 you're good to go.
Only so long as you spent less than $2 on the game cartridge you're making money. Doesn't matter what volume you do.
If it sits in the store for a month you get charged another $0.06 (btw, don't list without gallery, the penny is the best investment in this whole process you can make). So over time that $0.06 eats into your original margin - meaning the profit you were going to make above and beyond what you paid on the cart. But looking at it in these terms, you can wait an entire year until the game sells, and still make money if you only spent $1 on this game; fees accumulate to only $0.72 for 12 months.
Unless they go up again
For higher-priced items Paypal and eBay fees will go up, but you're getting more money so you can eiher choose to raise the shipping (doesn't make much sense to me since it's the same stuff) or let the extra fees get taken out of your margin. Usually when I have a game worth $20 or more I still only paid $2-$5 for it in a lot or something - so I'm perfectly fine letting fees come out of my profit.
Also one final note, for selling the biggest items in an eBay store, listing with a higher-than-is-realistic price and using the Best Offer (a free service) option gives you the option to dodge ebay fees altogether. When someone puts in a reasonable offer you can counteroffer saying "I'll sell for this much but I don't want to pay fees, let me yank it and we'll finish the deal offline."
Just a little extra point for you there