As part of my Junk to Cash Challenge I have decided to open a new Ebay account. I must admit I’m not a great fan of Ebay any more. I actually used to sell a lot on there, but it keeps getting more complex for sellers in my opinion. Never mind, I will be trying to make the most of it.
After I completed my plan to make more sales I realised I wasn’t making very good use of this selling option. I have a lot to sell, so its time to suck it up and just get on with it! 😉
I am happy this new account is a personal one, as I want to use it for selling off yet more of my old junk. My other Ebay account is a business one and I have to pay 30p each time I list something on there. It puts me off listing things that are under a certain value or I want to add as an auction listing. It is a powerseller account, though so I will keep that one going too.
Now I have the daunting task of building this new account up to having 100 listings a month allowance. I might even manage to build it up to another powerseller account. At the minute I just have 10 listings a month and I want to get that increased as soon as possible. I do have a whole room full of goods to get rid of!
At least with a personal account 20 listings per month are free. I think the fees for selling on Ebay are very high already and it has increased again recently. Its hard work now trying to juggle the postage costs, the fees and the requirements to keep Ebay happy.
I’m pleased to say I have made my first sale on this new account today. I actually made a sale on the business account as well today, and sold 10 items on Facebook too. This shows my selling plan has already started working to increase my income.
Now I just need to get a few more things listed on this new Ebay account and get it working for me. Thats the plan for tomorrow.
Do you still sell items on Ebay? If so how do you find it these days?
Information about selling on Ebay
Just in case you don’t know Ebay is now charging a final value fee of up to 10% (for private sellers). This is on the full price the item has sold for INCLUDING the postage. This can have quite a big impact.
If the item sells for £3 and the postage is £2 you pay 10% of £5 which is 50p.
You will also have to pay a fee if the buyer uses paypal which is 3.4% + 20p per transaction.
This means on that sale totaling £5 in the example the paypal fee will be 37p.
That adds up to a fee of 87p in total + the postage costs which will be payable on the £5 payment received from the buyer.
Now assuming the £2 postage is the actual cost you pay for sending the parcel, this means you will get a total of £2.13 from the £3 sale. You might also have to pay for the packaging out of that too.
Its not a lot for all that work really is it?
Managing Postage Costs
You might think it is simple enough to just add a little on to the postage costs to cover this additional fee.
Its not that simple!
As an additional complication the buyer is likely to mark you down as a seller if they think the postage costs are too high. That means its not the best idea to add this fee to the postage.
In my experience buyers tend to mark you down for postage costs which are higher than the actual cost marked on the parcel. They don’t usually even think about packaging costs. Personally I don’t think this is their fault, the Ebay system just encourages it.
I have also found that buyers can mark you down for the postage costs, even if you charge the cost price for it.
Unfortunately being marked down for postage costs will affect the visibility of your listings on Ebay. You could also get your account cancelled or restricted too. It is quite difficult to manage at times I must admit.
I will write another post soon outlining my tips for becoming a powerseller and keeping your seller ratings up as high as possible. Its not easy, but it is possible if you follow a few simple steps!