Thanks for the video! Quick question: do we get dinged for ending an item early on ebay? I want to sell some of my listed items locally however, I thought ending an item early, would create some sort of issue with ebay. Thanks for the great tips!
No issue ending a "Buy It now" listing early.
Good to know thanks! All of my listings are BIN so this info will help me out at my garage sale this weekend thanks!
Fantastic sale on the hats, I need to raise my prices on some of the uncommon vintage ones I have.Not trying to rain on your sale at all but I've sold a Lee denim jacket like the one you had in the video for 79.99 a few months ago, it was also made in America, I had done some research on it at the time and found others like it selling for a lot so just put it out there with a high price. I wish I could remember the specifics of it, it may have had a code number or have been a Storm Rider, but you're right, those sell all the time.
Yeah, we've sold these denim jackets for upwards of $100. But we have a glut of denim jackets so only price the really special ones for more. Why would anyone buy one new?
I can't keep up with you guys. A new video of sale items when I haven't had a chance to listen to your podcast.When I list high price items I often think "what would Ryanne and Jay do?" I listed a Georg Jensen ring at the weekend having bought it off ebay auction a year ago. I've been keeping an eye on sold prices throughout 2014 and the highest UK price was circa £135. When I listed it, thought I'd go for £179 giving me wriggle room for best offer and free P&P. Sold within 36 hours and I'd forgotten to tick the Best Offer box!! After fees etc. a nice profit of over £90! Me listing at the weekend also triggered some old lower priced listings to sell too. My only disappointment was I had some time off from work where I thought I'd have time to do more with my ebay. Life and family intervened but I'm glad I concentrated my efforts on some higher priced items.
We love hearing when sellers make more by just putting on a higher price (AFTER RESEARCH). Work smarter. Work less.
You guys always talk about a bag sale. What is that? I mean, I kind of know what that is. I'm guessing it's like a $5 fill a bag kind of thing. I've never been to a thrift here in Chicago that does that. At least not that I know of. Is it on certain days, just a once in a while kind of thing?
We discussed this on another thread. "Goodwill and Salvation Army have a system to get rid of excess inventory. They ship it back to a sorting center and it gets sold in bulk.But many independent thrift stores don't have a way to move their excess inventory so they do "bag days". Usually it's a set price to fill up a grocery bag. Or they do 50% sales.You could just call around to your local thrift stores and ask."I'd love to hear what other sellers have experience with. Usually its either fill a bag, or 50% off certain tag colors.
Our Goodwill does 50% off of a certain color on certain days. On the 15th of each month they have a scratch off sale with different percentages off. My favorite small thrift has a bag sale at the end of summer and the end of winter and smaller sales in between. Salvation Army does half off a different color tag each week. I like bag sales the best.
We have one store locally that does bag sales. Often they are unadvertised so you just have to happen to stop by. When they do advertise them, it's a madhouse. The store is actually empty when it's over. $5 to fill a brown paper bag.
Nancy, ours are the same here in the Chicago area, I've just never seen a bag sale (except for church rummage sales).
Fill a bag is simply not in West Coast Thrift culture either, My partner used to go on 2 yearly buying trips to the Mid West and hit those bag sales like a Mofo (damn the great stuff available in the '90s'---and yeah, you kids get off of my freaking lawn! :) Anyhoo, the only comparable here is the by the pound outlets, but I can't stomach them personally.
I know! The GW outlet here is quite the experience! They make everybody stand behind a yellow line when they rotate the bins and then they say "go" and it's like Black Friday at Walmart - except people are pawing through moldly, filthy junk, not to mention the broken glass. You can tell the "pros" - they wear heavy leather work gloves. The one time I went I saw a fight break out. Not my idea of fun.
Given that some people buy for nostalia, investment or for decorative reasons.....have you or Ryanne noted any trends as too what percentage of your items seem to sell the most? For example 1980s skateboard posters vs 1980s logos on t shirts, versus industrial steampunk type lamps? Ive noticed that at local fleamarkets there are lots of granny antiques that sit and dont sell(i know because i see them over and over in my walks when shopping)....when i look up objects like deppression glass(vasoline-green) was once popular but frankly very few of those era collectables sell for any serious money....there has to be a trend....i ask because this will be helpful when we are all at flea markets, yard sales, and other places that we pick for our inventory....an old common though 100 year old scale is not saught after because everyone and their great grand parents may have had one..... just curious what your guys take is on this question.
These are good questions. The answer is "it depends". After we go scavenging, we often spend an hour or so just browsing the "sold items" to research items we either bought or were interested in. This teaches us for next time we're out scavenging.So take some time and do research on these items. Seems like you've done this already. So if you see that Depression Glass doesn't sell well on eBay, then that''s your answer.
Jay and Ryanne recently talked about how to refund a buyer's money and receive yoru final value fee refund. Here was my experience. I sold an iPad mini to a user in Vietnam. He wanted me to ship the iPad to a relative of his in Ukraine. He had paid for the items and the shipping. I went to print the postage and the interface stated that neither the USPS nor FedEx could guarantee shipping to Ukraine. I had no option, but to contact the buyer and refund his money. I refunded his money and then contacted Ebay concerning how to get my Final Value Fee refunded. The Ebay Customer Service person told me to do the following. 1.Go to the Sold page at my.ebay.com. 2.At the far right hand side of the item click on the blue down-arrow and click on "Cancel Order". 3.On the Cancel Order page select the option that says something like, "Buyer agrees to cancel the order" and submit the page. Now one of two things will happen. Either the buyer will agree to cancel the order at which time I will receive the Final; Value Fee refund or after 10 days Ebay will just refund the Final Value Fee.Thanks.
I believe you will also receive a "Defect" for cancelling the order. I am not sure.
@Linda Absolutely true. Transaction defect rate requirementsThe transaction defect rate is the percentage of your transactions that have one or more of the following defects:Detailed seller rating of 1, 2 or 3 for item as describedDetailed seller rating of 1 for shipping timeNegative or neutral feedbackA return initiated for a reason that indicates the item was not as describedAn eBay Money Back Guarantee request or PayPal Purchase Protection case opened for an item not received or an item not as describedSeller-initiated transaction cancellation. http://pages.ebay.com/help/policies/seller-non-performance.html@Brian, you basically are saying "I ship worldwide!" with your settings but aren't following through with it.
Chris: I am not following thru with the international shipment because neither the USPS nor FedEx could guarantee the shipment. It would be nice if Ebay could figure that out beforehand, but there are probably too many variables. I very much wanted to ship the item, but couldn't.
I grabbed a Calvin Klein made in USA denim jacket. Looking forward to list it!
I have canceled an order or two and don't seem to have racked up any defects, although I see that "transactions you canceled" is a defect category. Perhaps it depends on the reason for the cancellation.
Yes, you get a defect on a return based on the reason given. Defect = "ran out of inventory" or "not as described"No Defect = "buyer changed mind"
I just noticed on my GoDaddy Bookeeping record a "debit" for currency conversion to the Euro for over $23.00. I just recently signed up for the Global Shipping Program, and it must be due to that. So did I get charged that over and above what I brought in on the sale? I don't understand. Anyone know?
I've never seen this before. Good question for eBay or Paypal.
Oh, just wanted to let others know that the auto-feedback after a buyer pays is only available if you have Selling Manager Pro. You get this for free with the Premium or Anchor stores, but the basic doesn't have it.Luckily, I have a generic "Great buyer. Paid instantly!" comment that is stored in my browser, but I can imagine it would be a PITA if you had to do it manually every time.
Sunday is feedback day for me and I just cut and paste.When I have a potential problem buyer, (too many questions, jump through hoops) I hold off on feedback, I'm pretty sure most buyers don't know you can't leave them negative feedback, I only have circumstantial evidence that it has worked but I'll keep doing it until I upgrade to a premium store and at that point I probably won't care.
I have a tax question. Should I get a tax id or is my SS# enough? Can I just declare myself a business or should I register with the state? This is my first year declaring eBay income and I want to make sure I can take all of the deductions of a small business (Inventory, Equipment, Mileage, Shrinkage, Internet, Supplies, etc). I don't have an eBay store I sell using 2 accounts - weird and labor intensive I know - but does that make a difference? Do I have to have a store to be considered a business?
I hate to sound repetitive, but tax questions should go to your accountant. And if you don't have an accountant for your eBay business. Think about getting one. We pay $600 a year for a professional to do our personal taxes and business taxes. This is a bargain to be relieved of the headache of the onerous tax code. Declaring eBay income on your personal taxes or setting up a business is a choice. An accountant can tell you if its the best choice for your circumstance.
Thanks for the reply. I guess I am just curious how many of you out there actually set up a business. Sorry if it's a dumb question.
Its not a dumb question. Its a smart question. But it's also complicated depending on your situation.For us, we were already freelancers with our own business so it made sense to just add eBay as a business. We were used to this kind of accounting.But if you have a job and eBay is a side gig, I'm not sure if creating a company if a good idea....or just add the profits to your personal declared income.\Be interesting to see what other sellers say, but I wouldn't listen to anyone but your accountant.
I agree with Jay. You definitely need to talk to an accountant. If you are comfortable doing your own taxes - you may only use the accountant for a year or two until you feel comfortable doing it yourself again. Or you may find you want keep the relationship going indefinitely.That being said, I am sure that you don't have to have an ebay store in order for your ebay earnings to be considered a business by the IRS. If you're a sole proprietor, you wouldn't have to have a tax ID number - your SSN would do. Also, I am not sure how you would/could take deductions and declare income from ebay if you don't have it set up as a business.Crystal
Yeah, if you're comfortable doing your own taxes, why not? I know some people who would never hire an accountant. It'd definitely save money.But here's my perspective. I worked a regular job till I was about 31. I had only used a 1040EZ for my taxes until this time. I filled in how much I was paid, the taxes my employer withheld, and then I usually received a small refund because I overpaid. When we started a business, it just made sense for us to hire someone who understood the tax system. I simply was not equipped to know about self-employment taxes, depreciable deductions vs immediate deductions, etc. I could learn, but our accountant goes to workshops and conventions throughout the year to stay on top of this stuff. We let him make sure our return is standard without any red flags.
Former CPA here. You do not need a federal tax ID for schedule C purposes. In my state however, you do need one to collect sales tax which I am responsible for collecting for residents of my state. (This varies from one state to another.) The IRS is only concerned with all income being reported. It makes no distinction as to whether you have an eBay store or not. ALL income is supposed to be reported. I babysat for a neighbor boy after school a few years back. I reported the income on a schedule C and even took deductions for food I gave him and mileage to pick him up. (The family took a dependent care credit using my SS# for what they paid me so I couldn't have hidden it if I wanted to!) I also wanted to address the $22,000 Paypal 1099 issue. That does NOT mean you must make $22,000 before you must report the income. $22,000 is just the trigger for Paypal to send you a 1099. You are supposed to report it all. The only exclusion is if you were just selling crap around your house without making a net profit, also known as the garage sale exclusion. To sum up, legally all income is supposed to be reported. Even if the income was from illegal activities! Google tax evasion and gangsters or prostitutes or drug dealers. Who said accounting was boring??
I just sold an item (nautical navigation instrument) to a guy I Germany using the respond with offer in ebay messages. It worked very well and buyer paid within minutes. However, the buyer did not use the global shipping program. He chose priority international shipping and my ebay shipping page states “Delivery Confirmation is not available for this shipping service, for the destination country that you've selected”. I am able to upgrade to Priority Mail Express International and receive tracking. Fortunately my shipping discount will cover the cost of upgrading with a dollar to spare. One thing that I found interesting on the USPS country and conditions – Germany page was this “For Priority Mail International parcels, an invoice, in duplicate, is required for all commercial shipments regardless of value and all personal shipments valued at $300 or more. The invoices must be affixed to the outside of the parcel or may be enclosed in PS Form 2976-E with the customs declaration.”Has anyone else had to add invoices to the outside of a package?
i've shipped hundreds of items Priority Int'l and never had to attach the invoice on the outside. only the customs forms w/ address and payment info go on the outside. or if you're worried, just put an invoice in with the custom forms in the outside pouch. good luck!
Thanks for the fast response Ryanne. I think this is probably a German customs thing. I figured it would not hurt to add invoices along with the customs forms. I was surprised that tracking for USPS priority international was not available for Germany. It has been quite awhile since I have shipped something international that was not a GSP item. I kind of had to reeducate myself.
tracking might very well work in Germany on Priority, they're just not guaranteeing it. i don't even think they guarantee tracking on domestic Priority, it just always seems to be there. but when it's not, they have the ability to say 'we don't guarantee it, *shrug*.
Tracking, duh, I meant delivery confirmation. I did some research and external invoices are required for German shipments. I read that if there isn't one on the outside, it can either get delayed or sent back to the shipper.
The two external invoices thing is an annoying requirement for much of the EU.I've basically been printing out a couple invoices (packing slips) and attaching it to the outside of the packages using a cut down clear customs envelope. No problems so far.... except for the fact that it confused our local post office because nobody else had ever bothered to comply with it. Try to keep the invoices and the shipping label on the same side of the package so they can't help but see both. May need to shrink the invoices.
P.S. if you google the error message "Delivery Confirmation is not available for this shipping service, for the destination country that you've selected", a lot of people think that it is showing up on packages where you actually *will* get tracking, and that the message should be ignored. at least when shipping to "safe" countries like Germany.Don't rely on me though, google the phrase and decide for yourself.
yep exactly. seems like they just don't want to guarantee it and then not have it track fully. but most EU countries and Australia it will track.
Hey, I'm a little embarrassed to ask this, but how do I find my "traffic report"? Thanks so much.
embarrassed? hell, i don't even know what that is.
Haha. It wasn't as useful as I'd hoped. It tells you, inter alia, what items in your store have the most views. That might be more useful if you had multiple identical items and could test out which listing title attracted the most clicks, or something like that. I'm not sure I need to look at it again, actually.
Kate the link is right under the "manage my store" header on your MY EBAY page, right now it is working, but I've found that the page goes down often.
Thanks so much! What an absolutely unappealing interface. Yeesh.