- Joined
- May 21, 2007
- Messages
- 1,432
I am having a lot of trouble typing this start to a thread as I do not like to feel the way I feel now. I feel angry and I do not like that. I try to keep my costs reasonable but effective May 1 the cost of Ebay and PayPal fees will be very close to 12%.
Here is how Ebay is trying to spin this as "good news":
"2013 SPRING SELLER UPDATE
Up to 150 FREE listings* every month—pay a final value fee only when you sell.
Dear redrummd1,
As an eBay seller, you're in the best possible position to reach the millions of buyers flocking to the world's largest marketplace—many of them looking for just what you're selling. Updates coming this spring will make it easier than ever for you to cash in on that opportunity.
New: Get up to 150 FREE listings* per month and final value fees as low as 4% with your Basic Store subscription
Now eBay's dramatically reducing the upfront cost to sell for Store sellers. Starting May 1, with eBay's new everyday rate plans, you'll get up to 150 FREE listings* per month —no insertion fees, Auction-style or fixed price—with your Basic Store subscription. So you can load up the inventory—you pay a final value fee only when you sell.
Plus, the final value fees for Stores will be streamlined to just 5 competitive category-based rates as low as 4% (and never more than 9%)—regardless of how you sell. "
All collectables will be in the top 9% rate plus the cost of the "Basic Store subscription" which is $15.95 a month I believe. PayPal adds on about another 3%.
So, if I list a knife for $212. over $25. will go to Ebay/PayPal! That means I would get $187. Hmmmm..... Wholesale for the Silver Nickel Buck 110 $52.; shop supplies since I switched to nearly all made in the USA supplies $35. per knife average; decent stone is averaging about $35. for knives I was listing at $212. Get out the calculator and I add costs to do my lowest cost works at $122.
So, $187. minus $122. leaves me with $65. for an average of 8 hours of work or about $8.12 an hour. If I move my lowest costs works to $220. I make $9.12 an hour. No wait - I forgot to take out the 12% of the $8.00 price increase - 96 cents. 96 cents divided by 8 hours is 12 cents so I would make $9.00 an hour.
Okay this is too hard - I think I should make at least $12. an hour for my lowest cost works, so $96. Now add the basic knife cost which I just calculated to be $122. which gives me a fixed price of $218. So lets add on the new fees- 12% x $218. dollars gives me $244.16.
So I should list my lowest cost works at $245. and Ebay/PayPal would get 12% which I calculate to be $29.40. Something is not right here. $245. minus $29.40 is $215.60 and I figured $218. would be needed to pay myself a meager $12. an hour. I hate figuring percentages. Okay lets just try for opening bids at $249. and the EVILBAY fees would be $29.88 so lets round that to $30. and wow I get to keep $219. and make $12. an hour.
Now even my lowest cost knives like the Peanuts will need to start at $175. on Ebay.
I wonder how many 1st time buyers are going to be willing to pay $175. for a Peanut or $249. for a Buck 110. I feel like Ebay has just destroyed my ability to be able to get the first time buyers for sure and people who do not get my email or read my posts here will think I am gouging them when all of the money will be going to EVILBAY.
Here is how Ebay is trying to spin this as "good news":
"2013 SPRING SELLER UPDATE
Up to 150 FREE listings* every month—pay a final value fee only when you sell.
Dear redrummd1,
As an eBay seller, you're in the best possible position to reach the millions of buyers flocking to the world's largest marketplace—many of them looking for just what you're selling. Updates coming this spring will make it easier than ever for you to cash in on that opportunity.
New: Get up to 150 FREE listings* per month and final value fees as low as 4% with your Basic Store subscription
Now eBay's dramatically reducing the upfront cost to sell for Store sellers. Starting May 1, with eBay's new everyday rate plans, you'll get up to 150 FREE listings* per month —no insertion fees, Auction-style or fixed price—with your Basic Store subscription. So you can load up the inventory—you pay a final value fee only when you sell.
Plus, the final value fees for Stores will be streamlined to just 5 competitive category-based rates as low as 4% (and never more than 9%)—regardless of how you sell. "
All collectables will be in the top 9% rate plus the cost of the "Basic Store subscription" which is $15.95 a month I believe. PayPal adds on about another 3%.
So, if I list a knife for $212. over $25. will go to Ebay/PayPal! That means I would get $187. Hmmmm..... Wholesale for the Silver Nickel Buck 110 $52.; shop supplies since I switched to nearly all made in the USA supplies $35. per knife average; decent stone is averaging about $35. for knives I was listing at $212. Get out the calculator and I add costs to do my lowest cost works at $122.
So, $187. minus $122. leaves me with $65. for an average of 8 hours of work or about $8.12 an hour. If I move my lowest costs works to $220. I make $9.12 an hour. No wait - I forgot to take out the 12% of the $8.00 price increase - 96 cents. 96 cents divided by 8 hours is 12 cents so I would make $9.00 an hour.
Okay this is too hard - I think I should make at least $12. an hour for my lowest cost works, so $96. Now add the basic knife cost which I just calculated to be $122. which gives me a fixed price of $218. So lets add on the new fees- 12% x $218. dollars gives me $244.16.
So I should list my lowest cost works at $245. and Ebay/PayPal would get 12% which I calculate to be $29.40. Something is not right here. $245. minus $29.40 is $215.60 and I figured $218. would be needed to pay myself a meager $12. an hour. I hate figuring percentages. Okay lets just try for opening bids at $249. and the EVILBAY fees would be $29.88 so lets round that to $30. and wow I get to keep $219. and make $12. an hour.
Now even my lowest cost knives like the Peanuts will need to start at $175. on Ebay.
I wonder how many 1st time buyers are going to be willing to pay $175. for a Peanut or $249. for a Buck 110. I feel like Ebay has just destroyed my ability to be able to get the first time buyers for sure and people who do not get my email or read my posts here will think I am gouging them when all of the money will be going to EVILBAY.