[T-Satt]

“Our payments will get aggregated and paid out to us in a yet to be identified means.”

That is the one snag I am a little concerned with, but I can live with it. If we have to wait a week or two weeks to get paid, there are worse things in life.

If we were in business for ourselves, we would have to accept 30, 60, or 90 day terms (I’m seeing 120 happen as well). As an old Controller for a small company, I remember walking to our mailbox each afternoon saying “Big Money! No Whammys!”

[T-Satt]

Yep! That would do it! I’m betting that is fascinating work.

[T-Satt]

Excellent info Julie B. Sounds like you know a lot about this space…

[T-Satt]

My thoughts are that they want to expand vertically and get into the financing space. GM and Ford make more financing cars than they do making cars.

My hope would be that this is kept a separate division with their own programmers and not commingled with the platform programmers. My trust right now on the eBay programmers is low, especially after the last few weeks.

I can see how they will entice sellers, by offering lower fees. The question will be how they entice buyers to use this new platform vs. PayPal. It may be that they let buyers use credit cards directly on eBay (like we all do with Amazon) and eBay pays us out directly. So the buyer experience on eBay removes buyers from needing a PayPal at all. Buyers log on, enter their credit card, and buy. This would be my guess on their direction. Speeds up the buyer process…

[T-Satt]

I agree with AdventureE on more diversification. I am a true podcast junkie, and listen to podcasts 5-8 hours per day while working. Some are reselling related (J&R are the best true Podcasters in this space), but others are business or entrepreneur related. At a fairly quick point, you get about 80% of the reselling knowledge you need, and then after that, you only get one or two new nuggets that you didn’t know. By expanding out to other areas, I feel like I’m strengthening the overall mindset you need to work in your business. My current podcast library:

Scavenger Life
EBay Radio (waaaay too long, but I usually get a nugget or two)
eCommerce Momentum
BiggerPockets
Rich Dad Radio Show
Shampoo & Booze 🙂
Stansberry Invester Hour
The Gary Vee Audio Experience
The James Altucher Show
The Tim Ferriss Show

Non-Business Related
Flatirons Community Church (our church)
Southland Christian Church
Meat Eater
The Pete & Sebastian Show
The Way I Heard It by Mike Rowe

[T-Satt]

I got one on eBay a few years ago. Love it!

[T-Satt]

And reach out to Veronica and I if you have any questions! Always willing to help!

[T-Satt]

Just don’t study too long. You learn a lot by doing.

Just remember that you aren’t saving lives…so mistakes are ok.

Don’t try to be perfect…be active.

[T-Satt]

2013: $579 – Avg # of Items Listed: About 200
2014: $719 – Avg # of Items Listed: About 400
2015: $1,162 – Avg # of Items Listed: 625
2016: $1,486 – Avg # of Items Listed: 1,242
2017: $1,981 – Avg # of Items Listed: 1,554
2018: $2,222 – Avg # of Items Listed: 1,698

2013 & 2014 are a guess, I don’t have that data. We were still part time then. 2015 is when we took the plunge and went full time.

This is with an average Sell Thru Rate of 20%, and with Average Selling Prices in the $22-$27 range. Your STR and ASP will generate different results. J&R have a different model, with higher ASP ($30-$40) but with a much lower STR (3%-5%), so they need a bigger inventory size (6,000+) to generate their weekly returns. Each model will be different.

So my best advice is to track your numbers and you can see what levels you need to meet your sales goals.

[T-Satt]

Yeah…

I just took a snapshot of the last issue.

Item is 4lbs, 13x12x10

Buyer was charged $9.09 for SmartPost

We would be charged $18.56 for SmartPost, or $15.38 for Home Delivery

We did Priority for $7…

[T-Satt]

Not 100% sure. I heard that there was a FedEx change where they were going to use more dimensional weights on SmartPost that was going to increase the SmartPost rate.

Disregarding that, the issue was that the buyers were not charged the same amount as the seller. The buyer was being charged a normal rate for SmartPost, but sellers are being charged a much higher rate. When we got hit, it would have been a loss of $5 per item.

Latest update was that this has been an issue they have been working on since 1/25.

[T-Satt]

Gryff, the wonderful rep that helped us out on the GSP issue, also said that eBay programmers are now working on the bug for FedEx SmartPost. She doesn’t have a timeframe on when it is fixed, but she is VERY awesome, gave me the SR # (Thanks Geoff!) and she is going to call us when the issue is fixed. So SmartPost should be back sometime soon. Hopefully in no longer than a week!

[T-Satt]

Thanks guys for the crack in the head. I misread the listing on the page that the rep sent me too.

So, the good news is that they found why our items were not part of GSP. Answer below:

Hello Troy,

My name is Katey, we spoke on the phone last week about your account and using the Global Shipping Program(GSP). I hope you are well and up early as usual!..

I have received a message from the GSP department and they have confirmed why the GSP was not applied to your listings even though you are fully opted in.

Within your business policies you have some international shipping options still active. These “alternative international shipping options” will override GSP and not allow it to apply. You have also selected ‘worldwide’ which will override all GSP.

To stop this and ensure GSP is active on your listings you will have to adjust you business policy to remove the alternative international shipping options.

You can ask us to help with this or to edit a business policy yourself:

Go to My eBay > Account > Business policies.

Find the business policy you want to update and then select Edit policy from the Edit drop-down menu.
After changing the details of the policy, click Save.
We’ll show you how many of your active and scheduled listings are using this policy. Click Confirm and save to update the policy and all listings that use it. Or remove it as you wish.

I hope this helps with your query, as long as the clashing business policies are removed then you should have no further issues using the Global Shipping Program.

So after making the changes in SixBit, we can now see what items are in GSP, and as the updates are going, we have more and more items in GSP. This issue should be fixed!

[T-Satt]

I would contact the buyer a couple more times, and then if I haven’t heard, refund.

[T-Satt]

Geoff: I hear you.

I have been getting names of the good reps on issues, and scheduling a call with them so that I can keep the same person working the issue to completion.

I love your SR tracking idea.

[Author]

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