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HP Forum Archive 05

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Re: EbayTruth@yahoo.com strikes again...favor?
Message #1 Posted by Frank knight on 8 Feb 2001, 6:54 p.m.

Note that if any one including myself and Gene prices something too high on ebay that it does not get bids, the auction fee is paid anyway and only reused if it is priced lower and sells. Hence there is some punishment in time and potential for overpricing above the market, which changes from week to week. I have certainly overpaid for items I wanted to get them when I wanted them verses waiting. Why does any individual care if someone else happens to get lucky and happens to make money selling something on ebay, they may loose on the next one. Is it envy?

      
Re: EbayTruth@yahoo.com strikes again...favor?
Message #2 Posted by Jim L on 8 Feb 2001, 10:04 p.m.,
in response to message #1 by Frank knight

Frank, if the 30 cent listing fee at eBay is too steep, you can list them in the classifieds section of this site for free.

            
Re: EbayTruth@yahoo.com strikes again...favor?
Message #3 Posted by Frank Knight on 9 Feb 2001, 6:21 a.m.,
in response to message #2 by Jim L

Better recheck your facts on those listing fees, Mr. Jim L. (hey, your not Mr. JK/ebaytruth again are you?!) In God I trust, others please bring facts & data. They are in the dollars if listed as high as was being discussed, not pennies. As a matter of fact, here's some facts: Minimum Bid, Opening Value or Reserve Price Insertion Fee $0.01 - $9.99 $0.30 $10.00 - $24.99 $0.55 $25.00 - $49.99 $1.10 $50.00 - 199.99 $2.20 $200.00 and up $3.30 Additional resurve fees (refunded if sold: Reserve Price Reserve Price Auction Fee $0.01 - $24.99 $0.50 $25.00 and up $1.00 Another fee based upon the selling price is added if successful: Closing Value Final Value Fee $0 - $25 5.0% of the closing value $25 - $1,000 5.0% of the initial $25 ($1.25), plus 2.5% of the remaining closing value balance. Over $1,000 5.0% of the initial $25 ($1.25), plus 2.5% of the initial $25-$1000 ($24.38), plus 1.25% of the remaining closing value balance. Of course there are additional ways to list that cost more: Fees for additional listing options When you list your item for sale, you can choose several optional seller features to promote your listing and get more bids! Please note that these options have non-refundable fees.

Seller Feature Description Insertion Fee Home Page Featured (see example) Receive the highest level of visibility on eBay! Your item will be listed in a Special Featured section and will most likely be rotated for display on eBay's Home page. Your item may also appear on the main Browse page and in your category index page Featured items section. See example $99.95 Featured Plus! (formerly Featured in Category, will now include Featured in Search. See example) Appear in your category's Featured Item section and in bidder's search results. Plus, your item may be selected for display in another area your category index page Featured Items section. See example. $19.95 Highlight (See example) Emphasize your listing with an eye-catching yellow colored band. $5.00 Bold (see example) Add instant emphasis to your listing by putting your item title in bold. $2.00 Gallery (See example) A small picture of your item will appear in our Gallery, eBay's miniature picture showcase. Remember, you need a picture in a JPEG (.jpg file) format to use the Gallery. $0.25 Gallery Featured (See example) In addition to appearing in the Gallery, your item will also be featured at the top of the Gallery in a larger size almost double the size of regular gallery pictures. $19.95 List in 2 Categories When you list your item with the List in 2 Categories feature, your item listing appears in two categories, giving it added visibility. Double the insertion and optional feature fees (excluding home page featured) 10-Day Auction Duration Choose the longest listing duration available: 10 days. $0.10

Final Value Fees At the end of a listing, you will be charged a Final Value Fee based on the final sale price (final value) of your item:

Regular and Reserve Price Auctions (when the reserve has been met) The final value is the closing bid. Remember, there is no Final Value Fee charged if the reserve is not met.

Dutch Auctions The final value is the lowest successful bid, multiplied by the quantity of items you sold.

Here's how you calculate your Final Value Fee (if you sold real estate, see below):

Take the first $25 of your final value, and calculate 5% of that. If your item sold for $25 or less, this is your Final Value Fee. If your final value was more than $25, take the additional amount, from $25.01 to $1,000, and calculate 2.5% of that. If your final value was more than $1,000, take that additional amount and calculate 1.25% of the remaining amount. Add these amounts together and you have your Final Value Fee! Closing Value Final Value Fee $0 - $25 5.0% of the closing value $25 - $1,000 5.0% of the initial $25 ($1.25), plus 2.5% of the remaining closing value balance. Over $1,000 5.0% of the initial $25 ($1.25), plus 2.5% of the initial $25-$1000 ($24.38), plus 1.25% of the remaining closing value balance.

                  
Re: EbayTruth@yahoo.com strikes again...favor?
Message #4 Posted by Jim L on 9 Feb 2001, 10:52 a.m.,
in response to message #3 by Frank Knight

Frank,

The basic fee is 30 cents as you have verified, so, we've both checked my facts and they're correct. You were complaining of items that didn't sell so final value fees are irrelevant. The other fees are add-ons. If you don't think the add-ons are good deals, then don't pay for them.

If you don't trust ebayer's to bid low opening prices up high, then, as I said before, you can sell them here and avoid the 30 cents. However, this concern is unfounded in my experience. I've sold about 40 items on eBay and I think it's an excellent deal. If you don't like it, there are other choices.

                  
Program for figuring fees!
Message #5 Posted by Randy Smith on 9 Feb 2001, 11:34 a.m.,
in response to message #3 by Frank Knight

Has anyone thought about putting one of our HPs to use and writing a program to figure out the final fee you owe to eBay if your iten sells?? Just wondering!

                        
Re: Program for figuring fees!
Message #6 Posted by Marx Pio on 9 Feb 2001, 2:08 p.m.,
in response to message #5 by Randy Smith

Isn't more easy show an add on MoHPC and wait a dozen of email from possible buyers and sell the items via paypal.com than become an ebay.com slave? Just Wondering too... ()8^)

                              
My thoughts on eBay
Message #7 Posted by Dave Hicks on 9 Feb 2001, 4:06 p.m.,
in response to message #6 by Marx Pio

I've done a little buying and selling on eBay. Almost none of my transactions have been HP related. I buy very few because I've had good luck getting them for much less elsewhere and I've sold none because... well mostly because I've just sold very few HPs period :-) I also feel a little too "connected" to the HP community to use eBay. That's hard to explain - just a personal feeling. All of the items I've dealt with have been "collectible" however.

I started eBay as a buyer. I learned that prices are generally very high but you can find something good now and then. One of the best ways to get a good price is to paw through all the listings rather than searching. Good eBay prices happen due to misidentification and misspelling. This takes time - it's the old work/reward thing. Some people may think I'm ripping people off due to their mistakes or ignorance but all of these items still get a bid or two so they're going to sell cheaply to someone. It might as well be me.

Other times you can get a reasonably good price if you follow the eBay cycles. I've seen several cases where the first item of its type appeared on eBay and sold for a medium price. This gets announced on the specialty forums and newsgroups. Then a few more of the same item starts to appear, and prices rise dramatically because everyone is looking. Then bunches come out of the woodwork, and eventually the price comes back down to medium or sometimes even low. Then they often stop appearing for awhile and the cycle repeats later.

I first started selling on eBay two summers ago. I realized I needed to make some room in my house so I was originally going to throw a bunch stuff out (don't gasp - not HP stuff!) but then I decided that I should sell at least some of it. Garage sales, flea markets and antiques dealers seemed like a lot of work so I turned to eBay.

I was really surprised at how painless it is. I often grumble that eBay is the most profitable CGI script in history, but this is really a "Why didn't I think of it???" rant. (And I know it's not CGI.) In reality, while eBay surely makes tons of money due to volume, the fees on any individual sale are extremely low. The barriers to entry are essentially non-existent. Not only was the basic listing fee $.25, but you could start your auctions on credit. You could get your first items sold before sending eBay any money.

By the end of the first day, my first batch of items were already selling above the prices I thought I would get and more than I had paid for them. By the end of the week, the prices were just AMAZING! Just ask anyone who sat near my cube at work how many exclamations they heard :-) I started all my auctions at the bottom and never used a reserve. In my experience, if your title is correct, there seems to be little risk of getting a truly low price on eBay. Besides, last time I checked, they allow a seller to make one bid on their own item. This will make bidders mad and you'll probably never need it, but if you're really nervous it's good to know that you have the ultimate option in reserve.

It's not just HPs that fetch the big bucks on eBay. The items I was selling consisted of mechanical clocks and wristwatches, movie posters, old children's toys, a vacuum tube radios etc. After I ran out of my own items, I started buying items from the local antique malls and continued to make money.

In the fall, my work got intense and moved me overseas and I got out of the eBay habit. I think, though, that I may resume it this summer. It may be a little harder now, because I've found that at my favorite antiques store, most of the "good stuff" is now kept in the office where a PC keeps tabs on their current eBay prices.

My take on eBay is that if maximum money is your goal, eBay is hard to beat for selling. For buying be very selective if price is an issue.

That said, I still encourage buying, selling and trading among the HP community. The rewards are different than selling through eBay. As I said above, when I do finally get around to selling some HPs, I probably won't do it on eBay. Also, if you sell through eBay, do feel free to post an ad here too. What makes eBay work is having the maximum number of eyes focused on a limited number of items. A few more eyes never hurt. It might even save you from selling low due to a spelling mistake.


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