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eBay & Paypal Horror Stories Do you have an eBay or Paypal horror story? This is the place to tell it!

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  #1  
Old 09-24-2013
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Default Can't do it no more

So I haven't been on ebay in 10 years and just started 5 months ago. It seems like folks on here are making money on here but maybe I came in at the time (summer). I can't do them fees no more. I know they have to get their piece of the pie but seems like I'm just getting a slice. Is it just me or anybody else fill this way? Think I just stick with craiglist, amazon, bonanza and work on a website. Until then I might go back but bye bye ebay.
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  #2  
Old 09-24-2013
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Default Re: Can't do it no more

Fees can be as low as 4.125%, so manageable.

Clothing fees are a bit of a killer, luckily just coming down though in the UK, which my profit margin thanks them for.
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Old 09-24-2013
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Default Re: Can't do it no more

Here is my secret formula for deciding what to list/sell:

SALE PRICE - (cost of item + shipping cost + platform fees + any other costs) = PROFIT

ROI = PROFIT / COST OF ITEM * 100 (expressed as %)

ROI acceptable?

YES = SELL
NO = DON'T SELL

What is an acceptable ROI? That is up to you.
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  #4  
Old 09-24-2013
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Default Re: Can't do it no more

@unclejohnny...

I definitely think you came in late. Summer is notoriously slow due to many families on vacations.

I suggest starting off slowly & possibly treating it as a hobby. The fees are manageable when you are selling low.

As you expand and start to sell more products and more volume, you will then need to assess which products you should continue selling (jeff's formula above is a good measurement).

My initial venture into eBay started off as a hobby - a way to kill time after getting home from work. I found out that me 'killing time' was actually making money.

As volume picks up, some of your own questions will be answered. Don't give up this soon, at least continue selling through the end of the year when sales pick up so you can get a better gauge of your business plan.
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Old 09-24-2013
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Default Re: Can't do it no more

I was only JOKING about the formula being a "secret" - this is Basic Business 101.
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Old 09-25-2013
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Default Re: Can't do it no more

Quote:
Originally Posted by unclejohnny View Post
So I haven't been on ebay in 10 years and just started 5 months ago. It seems like folks on here are making money on here but maybe I came in at the time (summer). I can't do them fees no more. I know they have to get their piece of the pie but seems like I'm just getting a slice. Is it just me or anybody else fill this way? Think I just stick with craiglist, amazon, bonanza and work on a website. Until then I might go back but bye bye ebay.
At the least, consider keeping the accounts 'active'.

Holidays are coming. You may be able to snag some good sales.

5 months back was a sh*t time to start. Things w e r e s l o w.

Reconsider. Look at what was doing OK.

Regroup and be in for the holidays.

Great idea to diversify as well.

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Old 09-25-2013
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Default Re: Can't do it no more

oh oh oh oh!!!

Missed something for you too.

Did you know that aspkin has released a brilliant new ebook?

http://www.aspkin.com/forums/ebay-di...-business.html

Read the thread....mind blowing .

May be that aid you need too.
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  #8  
Old 09-25-2013
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Default Re: Can't do it no more

Are you doing enough research before choosing your products.

As mentioned, you need to ensure your profit margins are enough to warrant buying and selling that product in the first place.

ROI (return on Investment) is critical before buying anything. As jeffweico pointed out.

See how much you can buy it for, what fees will you pay, how much are other sellers selling it for, are they popular? Bingo, you have a good plan then!

Do you use an eBay fee calculator, they can be useful in helping you work out what you will be left with after they take their chunk of your pie.
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Old 09-25-2013
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Default Re: Can't do it no more

Yea, I understand what everybody is saying but I think I am going to just go back to my website making with these 2 niches and possibly imporr 1 to my personal ebay account. I never going to give up, just trying to maximize my profit. There is a niche I thought about doing on ebay but I am just going to have the products sit when I feel like it's time to put it on ebay but at the moment ebay is a last option.
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Old 09-25-2013
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Default Re: Can't do it no more

I always go by this golden rule on ebay.. If your not making a 30% profit after everything is said and done, its not worth the trouble... at least for me... Ebay is alot of work, constantly looking for items that are selling fast.. Then jumping in and milking the cow for all its worth and then when big business comes in and their making 10 cent on every item... its time to walk away and find something else to sell and make that 30% profit... Then the other evil is when you print out a priority label now from ebay it says 2 days... Ebay makes customers/buyer believe that everything they order will be their in a day... They started that crap = neg or neutral.. Oh i didnt get my package in a day like ebay said.... Call customer support wait on the phone for an hour and then get on D head thats their to manipulate the rules so feedback is not remove... Did i mention i hate ebay... Oh and if they dont like the way your selling now they can hide your listing... I been selling their since the beginning.. I remember when the fees were 3% great profit now every time you sell something its like getting raped.. They make 2.50 you make 90 cents.. Sinking ship if you ask me... DONT PUT YOUR EGGS IN ONE BASKET
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  #11  
Old 09-25-2013
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Default Re: Can't do it no more

I wish I had thought of eBay years ago...
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  #12  
Old 09-25-2013
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Default Re: Can't do it no more

@unclejohnny, your own website with tight links is an idea to consider.
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Old 09-25-2013
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Default Re: Can't do it no more

Quote:
Originally Posted by unclejohnny View Post
Yea, I understand what everybody is saying but I think I am going to just go back to my website making with these 2 niches and possibly imporr 1 to my personal ebay account. I never going to give up, just trying to maximize my profit. There is a niche I thought about doing on ebay but I am just going to have the products sit when I feel like it's time to put it on ebay but at the moment ebay is a last option.
I don't disagree with that.

Always take time to regroup.

Your own HEALTH matters most.

Recharge your batteries.

Good Luck
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  #14  
Old 09-27-2013
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Default Re: Can't do it no more

Whatever makes money for the least amount of trouble uncle johhny

ebay is just one revenue stream. I think your own site is a great investment!
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  #15  
Old 09-27-2013
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Default Re: Can't do it no more

I feel this way all the time... But then the money comes in and all is well again...lol
__________________
"Mark 11.24 Whatsoever ye desire, believe that ye have it, and it is yours"
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  #16  
Old 09-28-2013
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Default Re: Can't do it no more

Also eBay is very competitive environment. Many sellers try to undercut each other and the niche that worked last year dries up.

Don't get stuck on last year niche and move on to the next.
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  #17  
Old 09-29-2013
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Default Re: Can't do it no more

Trying to undercut each other is just part of the business - survival of the fittest.
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