Selling On Ebay Is It Worth It – Having an eBay store will not have a significant impact on your sales. In fact, if you don’t work on marketing your eBay store, it may not bring in any new customers at all. But it can save you thousands of dollars in fees!
There are several other eBay shopping benefits that may influence your decision, and we’ll cover those as well. But it’s a camel’s back. Payments are an anvil.
Selling On Ebay Is It Worth It
Note: These calculations do not include auction-style listings. If you rely on multiple auction style listings, we recommend using the formulas at the end of this article instead.
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*List items that may have an entry fee. For example, if you put something in two categories, it counts as two lists. If you have a basic store, even better, and have more than zero input-fee auctions for the month, even the most successful auctions from free listings are free and don’t count.
You’ve probably noticed that the ranges in which a grocery store can save you money are usually greater than how much money you save. Because the payments are very complicated. Let’s take a closer look.
Signing up for an eBay store requires money. However, it may retain input fees and possibly final price payments. There are so many variations!
The chart below shows how one seller can save hundreds of people every month by signing up for the right store. But getting it wrong can cost you thousands. (Note: It uses managed payments.)
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What would make you save money with one store and lose money with another? This mainly depends on two things:
Main store or better yet, most recent price drops. How much depends on the category or categories you sell.
You can see over-the-counter payments here (managed payments) and where (legacy payment system). Payments with the store are available here (managed payments) and here (inheritance). If so, take a moment to find out how much your payments will drop.
, a reduction of less than half of the norm. But others fall by less than 1%, and some, like books, stay the same.
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Check out the chart below to see if you’ll save money at the grocery store. Note that this is 100% accurate if all your listings are compiled the same way
Of course, it gets complicated if you sell in different categories that save different amounts. If you need to calculate this, you can use the formulas at the end of this article. Now, note how the final price will affect your payments.
If you use Bay Managed Payments, one of your calculations does not account for the $0.30 for the final cost per order. This never changes in the script.
Note that there are also end-to-end payment benefits for Shop subscribers under Managed Payments.
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Let’s say you sell expensive women’s handbags. Typically, you would pay 12.55% for the first $7,500 of sales and 2.35% for any amount above that. Basic store or better change, 11.7% for the first $2, 2.35% for the rest.
As a result, if you sell more than $2,800 worth of bags, you will only be paid for one sale per month for the main store subscription. This $2,800 threshold is true in any category with price preferences.
The main store is not the lowest store level. The cheapest option is the Starter Store. Starter does not reduce your final price payments – it only supports list payments.
If you don’t manage your fees, Starter Store increases your free listings from 200 to 250 per month. Managed payment sellers get 250 free listings with either a Starter Store or no store at all. In both cases, fees for additional listings drop from $0.35 to $0.30.
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Fees are managed, if you sign up 215+ per month, the Starter subscription will save you money. The monthly plan is worth it if you create at least 223 listings per month.
Why is this? Because an annual subscription will cost you $4.95 per month. By paying $0.35 per additional listing without a store, you would normally pay $5.25 for 215 listings.
Savings add up fast! If you list 250 items, you’d save between $9.55 and $12.55 with the Starter Store once you get the subscription price. There is no doubt about it.
If you are managing managed fees, the Starter Store will not save you $0.35 per 200+ additional listings.
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When this $0.05 savings equals your subscription price, you pay at least $29.95 per month for your list.
Subscription fee. Then you’ll save a minimum of $6.95 by upgrading to Basic.
For managed payment sellers, you may want to have a primary store rather than a starter store. If you generate 330+ lists per month, you should absolutely do it.
When you enter a higher store level, you get free listings, and the listing fee drops even more.
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All stores at the base level and above have bonus privileges for auctioneers. If you pay to list in an auction in a qualifying category and successfully sell the item, you’ll get your listing fee back. This means there are theoretically unlimited free auctions, as long as most of them sell!
With a store (even a Starter store), you can use the stock manager. It is a powerful marketing tool that can boost your sales. If there’s one benefit other than savings that can make eBay shopping worthwhile, it’s a stock manager.
You can learn how to use promotions and brands effectively in our article on marketing your eBay store.
It’s called a shop for a reason! You basically get a mini-site on eBay that only lists your products.
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It’s not as good as your own site. You still have to pay eBay fees and follow their rules. However, every person who enters your store will stop seeing your competitors and only have to choose your products.
Excellent. Of course, very few shoppers will be interested in visiting your Store rather than returning to their usual eBay search. Not many people will find your store on search engines like Google. Only artists, artisans and highly specialized brands should expect real results from this benefit.
Consider having a small sale on the store itself, which may increase your sales a bit. See “5 Strategies for Marketing Your eBay Store” for tips on how to get the most out of it.
If you own a primary store or better, you can access Terapeak Sourcing Insights for free. This gives you access to a variety of valuable information about product and category performance. Perhaps the most useful feature is that it identifies categories with high demand and low competition.
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If you’re always on the lookout for new opportunities, Terapeak Sourcing Insights can easily be the price of a basic store subscription. The time you spend researching what to sell next can be drastically reduced.
If you own an Anchor or Enterprise Store, you’ll get special support. eBay says this includes phone and email support, but doesn’t say much about it. This likely means that your account manager and/or eBay customer service representatives are available 24/7. This person or team should know you and your store well.
In theory, you’ll get better support this way. It depends on whether you need eBay support.
Note that this does not mean that eBay will respond to customer requests for you. You will always need to hire people for this! If you’re looking for a way to save time and money on support, it’s best to link to eBay Support.
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These discounts could theoretically be hundreds of dollars. eBay says their shipping coupons are worth $150, and can add extended free trials and discounts for partner services.
However, you’ll save less than $50 in one-time rebates, plus another $50 per quarter in supply coupons. (Subscribers on seller’s forums often claim to have received $50-$70.)
There is a clear and meaningful discount. If you pay for Sales Manager Pro, it’s free when you shop for Premium or better. That’s $15.99 a month, which can make a big difference when you’re considering an upgrade.
It can be difficult to determine how much you’re saving or losing by signing up for a store. If you are familiar with basic algebra, you can follow these steps to accurately calculate your savings.
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We will cover both Starter and Basic stores here. If you’re saving with one of these subscriptions, then eBay shopping is worth it!
Select one of the categories that you sell to take into account the final price payment. Get the final cost price for the sale with the main store or better (unmanaged) from the sales charge (unmanaged/unmanaged). So if you sold antiques and were on managed payments, you deduct 11.7% from 12.55%
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