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I also have to wonder if any one at Ebay has heard of “the four P’s of marketing” ? I would assume ebay has lots of employees who were business majors and the four P’s are taught in marketing 101.
The four P’s are Price, Product, Promotion, Place.
I doubt Fed law has anything to do with this. First of all, a Fed law such as what you describe would be too hard to monitor and enforce and no one is looking to add Govt employees unless someone can profit from it.
Just for fun I have to wonder if anyone at Ebay as ever shopped at Kohl’s dept store ? I actually refer to my pricing method on my ebay store as the “Kohl’s pricing method”
Here is a brief description of Kohl’s pricing.
Week one – everything at full price.
Week two – everything in the store on sale 5% – 40%. On occasions they run “Kohl’s” cash promotion too which is $10 in cash (really coupons) for every $50 you spend. But can’t use the “Kohl’s cash until next week. Which is when everything will be back at full price.
Week three – see week one
Week four – see week two
Repeat to infinity.06/11/2018 at 10:16 am in reply to: Best "Make Best Offer" Strategy on eBay as a vendor/seller #42152I think an issue with “best offer” is many sellers believe having that in their listing helps their listings rise to the top in search rankings. I’ve submitted best offers within one dollar of list price and had them rejected. So really those sellers were not taking “best offers”
I do not use best offers on my listings generally, but one strategy I’ve used and had some limited success with is to put best offers on items that are ending within 48 hours.
I have also found when accepting best offers on items I’m selling especially if it was an offer thru messaging that some buyers will accept, pay, then cancel. This happened to me last week. Don’t know why this is a continuing issue, but I would guess ebay is showing the buyers links to the same items (on ebay or off ebay) with lower prices after the sale.
Interesting read, but I would like to add. In my limited experience with “collector items” the “collectors/enthusiasts” are the worst buyers and will never never ever ever ever never pay anything close to market value for an item. The only exception to this rule is if the “collector” needs one or two items to finish his collection you just happen to be the person selling that item.
The best buyers for “collector” items are people new to the hobby who don’t necessarily know the value of items. That doesn’t mean I would over charge them, but they are certainly getting charged 100% of market value price if they want to buy from me.
My experience with collectibles is with video games, board games, and lego’s. I can not count how many messages I’ve received on ebay regarding these types of items from people telling me I’m charging too much, they are a broke college student, or they played the game with their grand mother who is now deceased and they want to relive some memories (at a rock bottom price of course.)
Shipping company purchased the books, I don’t know who the foreign buyer is. I’ve had this happen before, so I don’t think this is strange at all. This issue happens a lot on Amazon too and there are a number of posts on this subject in their sellers forum.
The consensus seems to be to accept these returns because the buyer (shipping company) doesn’t have the items to return. However, it is also possible that the shipping company would just return incorrect items instead since ebay and amazon seem to not care about that and will side with the buyer anyways.
I would only be out $4 shipping. I’m super curious to know what they will return or if they will return anything at all. They received the books three weeks ago, so if the books were damaged why would they wait three weeks for a return ? That’s something buyers usually complain about right away in the ebay world.
My inventory suggestion was even funnier. Ebay wanted me to list an item in which they gave me a “VERO violation” on before. I wonder if I could use that as a defense if I did list that item and received another VERO.
There was actually a small store in my area that would list your items on ebay for you. It operated like a consignment store. I never went in there so I don’t know what the pricing was like. I just always imagined it was like that “ebay store” that was in the 40 year old virgin movie.
The store closed down around 2012. I would guess because by that time smart phones were coming online.
I also once saw a classified ad in my local weekly newspaper that said something like “looking for person to sell my collection on ebay.” The person didn’t list any details though such as what type of collection were they trying to sell.
I was tempted to call the number, but never did.
A quick tip for old AC / DC adapters. Before tossing them out be sure to look for brand names. Nearly every adapter for video game consoles have value as long as they are original. An original power adapter for the super nintendo will fetch $20 easily.
Also look for Bose, laptop, and printer adapters.
If you find an old “microsoft natural keyboard” a.k.a. ergonomic keyboard they can be valuable too. I once found an old MS keyboard like this new in the box and it sold for $90 within a couple days.
04/24/2018 at 12:24 pm in reply to: Guilty Purchases – what do you buy for yourself for fun on eBay? #38278Video games and music CDs. Nearly always used.
I have used the “Kohls” pricing method which is basically raising the price by X % then reducing the price via a “sale” by the same X %. My anecdotal experience is this type of pricing strategy mainly results in sales only when the “sale discount” is running. Very sporadic sales without the “sale discount” since my items are basically X % above the market.
Now I price items at the market and run 5% or 10% off sales for only 24 or 48 hours at a time. This results in more sales and nearly always produces sales within the last few hours a sale is running. This pricing method also produces sales while I’m not running any “sales discounts.” Which is good since I don’t always remember to create the sales in my store.
I am buying items as such low prices that a 5% or 10% discount isn’t really going to impact me at all. I’m always telling my wife or any one else who will listen – “I’m in the business of selling, not storing.” I’m not willing to wait x number of days or x number of weeks to get a few dollars more on a sale.
However, I’m not dumb and if I find something very rare, unique, valuable, etc I will wait.
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This reply was modified 6 years, 9 months ago by
Gompers.
04/09/2018 at 11:01 am in reply to: White background recommended? Required for Google Shopping? #37405Amazon requires the use of a white background even on used items or you can crop the photo to show no background at all.
Thanks for the link, I didn’t know ebay had this program. I thought it was still in the development stage.
04/09/2018 at 10:48 am in reply to: Scavenger Life Episode 355: We Catch Up w/ Mark Tew, Not Your Dad’s CPA #37402I have not been audited, but I did make a mistake on my tax return once and the IRS sent me a letter outlining the mistake and what they think I owed. I double checked my tax return and the math and the IRS was correct – I made a mistake.
I wrote the IRS a check mailed it in and never heard about it again. BTW, it took the IRS about 1 year to find this mistake after I filed the original tax return (with the error).
If your friend has no or very low feedback on ebay I wouldn’t recommend that they sell high value items on ebay. Perhaps you can sell it for them instead ?
Another idea is that if there’s a university nearby make an ad and hang it up in the student center.
04/08/2018 at 6:44 pm in reply to: Scavenger Life Episode 355: We Catch Up w/ Mark Tew, Not Your Dad’s CPA #37366I didn’t listen to the tax podcast, but for those who don’t know states of Mass and Vermont have a lower threshold for 1099-k from paypal. I think the amount is $4,000
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This reply was modified 6 years, 9 months ago by
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