Posts Tagged ‘Hosting’

How does selling on Ebay work exactly?

November 24th, 2012 2 comments

I sold something on Ebay like 5 or 6 years ago once & I think it was like a $10 fee. But Sometimes people sell things for a penny. Does the fee go by percentage? Or is it always the same? What about people with Ebay stores? Can someone just give me a sum up if you know? Thanks!

The fee varies by starting price. Generally, anything under $9.99 costs a minimum of 35 cents to list in a normal auction.
If you have a basic ebay store, there is a $14.99 monthly fee, but you can list store items under $9.99 for only 3 cents for basic listings.
Regular auction items have a 8.5% final value fee if the item sells under $9.99. Store listings though have a 12.5% final value fee for items that sell at $9.99 and under.
You can quickly make your auction a LOT more expensive if you add any special features like a subtitle or more photos hosted by Ebay. If you know how to use html or a listing site, you can save money on listings by hosting your photos elsewhere and using html to include them in your listing. Generally, the higher your starting price, the higher your insertion fee. BUT, in some cases the final value fee percentage goes down when the price goes up.
Read through all the new rules if you want to sell on Ebay now. Ebay is a lot meaner then they used to be. There are "secret" brand restrictions out the wazoo. As in, you’ll finish writing up your whole listing, go to submit it, and find out that to prevent counterfeits that Ebay has restricted sale of that brand and that you have hit the limit of how many of them you are allowed to sell. To give you an example of how ridiculous it is, I have 100% feedback and several years on ebay and last month I was only allowed to list ONE Gap brand item. It was a used skirt for $7.99. Every time you revise a listing, like if you made a mistake, it counts as if you listed another item and takes you closer to your brand limit.
If your buying merchandise to resell, DIVERSIFY! You never know when your going to hit a brand limit and nothing sucks worse then spending your entire merchandise budget and then not being able to list it for 30 days because of brand restrictions.
Also, make sure your friends and family know that they aren’t allowed to buy anything from you. My mom bid on some pans of mine that she wanted and I got all my listings deleted, none of my listing fees refunded and a 14 day ban from listing in auction format. All because my mom thought it would be a good idea to buy one of my items.. Aaargh!

How do I host an auction to sell my home?

September 15th, 2012 4 comments

I’m considering hosting an auction to sell my house; that seems like an interesting option.
I would like details outlining how this is done.
Thank you.

There is a book called How to Sell Your Home in 5 Days by Bill G. Effros that tells you how to hold a successful auction of your home. I have read it an it sounds like an interesting way to sell your house but it doesn’t sound like the smartest or best way to sell your house.

Do you want to sell it at auction because it would be fast or because you think it will get the most money? Are you trying to avoid paying a commission? Do you have financial troubles and the auction is the cheapest way to sell?

I think you need to figure out why you want to sell it by auction and not by owner or with the help of a professional Realtor though.