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Is The eBay Fee Increase Actually Good For Business?
Fee Increase Leaves Some Sellers Angry, Others Thrilled Much of my email from readers this month concerned the recent announcement from eBay that it will increase many seller fees on February 18, 2005. Since many business people use eBay's online store system as their primary ecommerce point of sale, it's no surprise that most of the emails I received were of the angry variety. One email in particular caught my attention because it urged me to visit a website to sign an online petition protesting the fee hike. The email directed me to http://www.petitiononline.com/ebayfee/petition.html and upon further investigation I found that 22,548 digital signatures had already been collected (as of this writing). Thank goodness not all of them had my email address. This will be the fifth rate hike in as many years for the auction giant and should really come as no surprise. Price hikes are a normal course of business. It was the size of the hike that has many sellers upset. The rate hike involved the following fees: · A basic eBay Store will now cost sellers $15.95 a month, a 60% increase from the current $9.95 a month. · Closing commissions on most items sold through eBay Stores will increase by 50 percent. · Gallery photo fees will increase from 25 to 35 cents. · The Buy It Now fee will jump from a flat fee of 5 cents to 10 cents for items priced over $10 and 25 cents for items over $50. · Final value fees will rise from 5.25% to 8%. Many of the emails I received pointed out that small sellers are making very little profit as it is so the increase in fees will only serve to drive these sellers completely out of the eBay business. Some sellers accuse eBay of purposefully trying to run them off, but I doubt that's the case. eBay has no reason to drive away the small sellers, but that realization never occurs to those who feel they are being priced out of the market. Not everyone is too concerned over the fee increase. Jim Cockrum, eBay Powerseller, publisher of "Creative eBay Selling News," the world's largest newsletter on creative eBay selling, and author of one of the best selling eBay books of all time "The Silent Sales Machines Hiding On eBay" has other opinions. "I don't see the eBay fee increase as a bad thing," Cockrum said in a phone interview. "I actually see it as just the opposite - it's a good thing because eBay is eliminating my competition for me. Who leaves eBay when eBay increases seller fees? It's not the customers (or shoppers). They don't go anywhere since they aren't affected. Only a handful of the weaker sellers leave eBay when fees go up." Cockrum recommends that sellers use eBay in non-traditional ways to build their online businesses so that future fee hikes will not have an affect on their e-business. "Selling on eBay continues to be one of the more popular ways to make money online, though very few people are getting rich with an eBay business alone," Cockrum said. "Many Powersellers don't make enough profit to cover their costs. The key to really making money with eBay is not in selling items at auction, but to use eBay to drive customers to your other online ventures. If you do that, the rate hikes do not affect your bottomline nearly as much." Not everyone shares Cockrum's enthusiasm. Many small sellers think the government or a regulatory board of some kind should get involved to help keep eBay fees in line. This probably won't come to pass anytime soon, but who knows. I can remember when a little company called Microsoft had free rein before they killed off all comers and came to monopolize their market. eBay seems to be headed in the same direction. The threat of regulation may be the reason eBay is now attempting to smooth the ruffled feathers of the miffed masses. eBay announced this week that they would give a one-time $15.95 credit to eBay store owners and reduce minimum listing fees for inexpensive items from 30 cents to 25 cents, effective immediately. Too little, too late? Could be. Many sellers believe that eBay may be writing its own obituary with such stringent price increases and such little thought for the smaller merchant. The online petition predicted the long term effects of the fee increase to be: · Smaller sellers will stop selling on eBay and try to sell somewhere else online. They will never have the chance to expand themselves on eBay. · Larger sellers may consider starting their own online store or sell elsewhere. · Prices of auctions will increase. Buyers will turn back to retail stores. The idea of eBay is that you can find things cheaper there, even when adding shipping and handling together. · Discourage new sellers, decreasing competition (which is what the eBay market thrives on for pricing). Only time will tell if the predictions come true, but for the short term many smaller sellers are closing down their eBay stores and moving up the street to Yahoo.com. Here's to your success! Tim Knox Small Business Q&A is written by veteran entrepreneurand syndicated columnist, Tim Knox.Tim's latest books include "Small Business Success Secrets"and "The 30 Day Blueprint For Success!"Related Links:http://www.smallbusinessqa.comhttp://www.dropshipwholesale.net
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Our world is dramatically changing through global ... Department of Revenue announces auction schedule for Borriello Brothers Pizza KOAA 5 Your browser does not currently recognize any of the video formats available. Click here to visit our frequently asked questions about HTML5 video. Long Chim adds Thai spice to Auction House Market NOLA.com Long Chim began with a craving. After moving to New Orleans, May Mananya couldn't find the food she used to eat in her native Bangkok. So she started ... Vodafone Idea wants 5G auctions only after 2020 ETTelecom.com Vodafone Idea Limited (VIL), India's leading telecom operator said that 5G auction should only take place sometime after 2020. KAR Auction Services Inc (KAR) to Issue $0.35 Quarterly Dividend Fairfield Current KAR Auction Services Inc (NYSE:KAR) announced a quarterly dividend on Tuesday, February 19th, RTT News reports. Shareholders of record on Friday, March ... Local News Clark County to hold first surplus auction of the year Amy Abdelsayed 9:55 KTNV Las Vegas LAS VEGAS (KTNV) — Clark County's first government surplus auction of 2019 is just around the corner and the preview and pre-registration begin next week. Germany Awards 476 Megawatts In Latest Undersubscribed Onshore Wind Auction CleanTechnica February 20th, 2019 by Joshua S Hill. Germany's latest onshore wind tender was again undersubscribed with only 476 megawatts (MW) of capacity being ... 'Ballpark Auctions' moves to new Port Richey location FOX 13 News, Tampa Bay There's a brand new place in Port Richey called Ballpark Auctions. Finders keepers: KCSO selling seized items in online auction WBIR.com The auction company said buyers will find several designer brands for sale including over a thousand watches. Monty Mason '89 yearbook pages depict Pi Lambda Phi 'slave auctions' The Flat Hat When Virginia Senator Monty Mason '89 (D-Williamsburg) was an undergraduate at the College of William and Mary, his fraternity — Pi Lambda Phi ... The FCC Just Wrapped Its First 5G Airwave Auction, and It Didn't Even Crack $1 Billion Fortune The first 5G airwave license auction ended with the Federal Communications Commission receiving total winning bids of $702 million. Big Changes Expected For The Boulevard Mall If It Goes To Auction wyrk.com The way people shop has completely changed so of course the places where we shop will need to change too. That looks like the case with The Boulevard Mall. Auction Preview: Extraordinary Books and Manuscripts at Bonhams, New York, Mar 12 | Artinfo BLOUIN ARTINFO What: Extraordinary Books and Manuscripts. Where: Bonhams, 580 Madison Avenue, New York NY 10022, USA. When: 12 March, 02.00 EDT. Public Viewing: ... Online New Mexico-Based Dispersal Auction Takes Place Feb. 22-25 - Horse Racing News Paulick Report An online auction of 70 Thoroughbreds, including broodmares, yearlings, 2-year-olds, and a stallion, will take place Feb. 22-25 as part of a court-ordered ... Chocolate auction supports youth programs Valleyjournal ARLEE – Auctioneer JR Strand had never seen a three-way tie for the top honor at the Arlee Chocolate Lover's Festival, but he did this year af... Heritage Auctions – Seldom Seen Selections: Rare 2nd Series Bechtler $5 Gold Coin CoinWeek America's first gold rush took place in the Piedmont area of North Carolina and Georgia in the 1820s and '30s. The expanding economy of the region. Auction to benefit Denver Fair EphrataReview.com Photo by Alice Hummer The Auction Committee admires some of the larger items donated for their Feb. 23 event at Denver Fire Company. All proceeds benefit ... 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Feds auction off prized horses of ex-Venezuela treasurer who got rich as socialist country crumbled Fox News As Venezuela's path of socialism was going bust and millions of people were drowning in poverty without access to adequate healthcare or even food, a small ... Two Clallam parcels set for auction in Department of Natural Resources land exchange Peninsula Daily News Common School Trust to gain interest in 368 acres in Skagit County. FDM Auction Brings Dance Marathon to 61 Percent of its Goal Fordham Ram This year's Fordham Dance Marathon Auction (FDM), benefitting The Andrew McDonough Be Positive (B+) Foundation, brought the FDM team to 61 percent of ... SCS Winter Auction Packer football | News nwestiowa.com This football signed the 2018 Green Bay Packers will be up for bid during the Sheldon Christian School 2019 Winter Auction on Friday, Feb. 22. 2019 mud sale schedule: Auctions for Amish and non-Amish across central Pa. York Daily Record We have the full 2019 mud sale season schedule for you. Take a look! Art auction funds scholarship in memory of beloved teacher Big Country Homepage A new scholarship is being organized in memory of beloved Wylie art teacher Stacy Horton Sanchez. You can help fund the scholarship for it's first students at a ... Kure For Kassie Live Auction and Benefit Dinner - ABC 36 News WTVQ Kassie is a 34 year old mother of two who was diagnosed with Stage 3 esophageal cancer on her 34th birthday. It has now metastasized to her brain and has ... Arizona auctions sell $251 million worth of classic cars Phoenix Business Journal Arizona's collection of classic car auctions sold $251 million worth of cars during the past week, a total up about 1.2 percent increase from the previous year. Fresh Gem Quality 1795 Eagle Highlights Legend Rare Coin Auctions 31st Regency Sale CoinWeek Stunning Coin a Historic Trophy of American Numismatics Legend Rare Coin Auctions is honored to have been consigned and is proud to offer one of the. Antigua Villa Heading to Auction Caribbean Journal A luxe Antigua villa is headed to auction, Caribbean Journal has learned: the Villa Nonsuch at Antigua's prestigious Nonsuch Bay. Buy Your Sweetheart A $500K Heart-Shaped Meteorite That Could Have Destroyed Siberia This Valentine's Day Fortune Christie's is auctioning off a heart-shaped meteorite that crashed into Siberia's Sikhote-Alin mountains on Valentine's Day. Jourdanton Chamber of Commerce BBQ/Auction Pleasanton Express Once again the The Jourdanton Chamber of Commerce would like to invite everyone to their annual BBQ & Auction that is fast approaching! Mark those ... Realtors' auction set for St. Demetrios | News, Sports, Jobs Warren Tribune Chronicle WABOR FUNDRAISER FOR MISSION: Warren Area Board of Realtors will hold a quarter auction fundraiser 7 p.m. Thursday at St. Demetrios Community Center ... BCSO Hosts Car Auction My Panhandle Those in need of a car were able to get some great deals early Saturday morning. Tulsa Livestock Auction report | Markets High Plains Journal The Tulsa Livestock Auction, Tulsa, Oklahoma, reported receipts of 2370 head selling Feb. 18, compared to 1483 head a week ago and 1978 head last year, ... Auction of inflation-linked Treasury bonds RIKS 26 0216 Iceland Stock Exchange:RIK GlobeNewswire On Thursday, 21 February at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. In this auction Inflation-linked Treasury Bonds ... Quora adds search-like keyword targeting, Auction Insights for advertisers Search Engine Land SAN JOSE — Quora continues to rapidly build out features and capabilities of its not-yet-two-year old advertising platform. The question and answer platform ... Ft. Pierre Livestock Auction report | Markets High Plains Journal The Ft. Pierre Livestock Auction, Ft. Pierre, South Dakota, reported receipts of 5979 head selling Feb. 15, compared to 2569 head a week ago and 5558 head ... Online auction of seized Belgian bitcoin begins next week The Irish Times Wilsons Auctions secures contract to sell 315 coins of cryptocurrency. Auction Preview: Lacquer, Jade, Bronze, Ink: The Irving Collection Day Sale at Christie's, New York, Mar 21 | Artinfo BLOUIN ARTINFO What: Lacquer, Jade, Bronze, Ink: The Irving Collection Day Sale. Where: Christie's; 20 Rockefeller Center. When: March 21; 10.00 am and 02.00 pm. Auction Preview: Furniture and Decorative Art at Dorotheum, Vienna, Mar 11 | Artinfo BLOUIN ARTINFO What: Furniture and Decorative Art. Where: Dorotheum; Dorotheergasse 17, 1010 Wien, Austria. When: March 11; 04.00 pm. Top lots of the sale: - An imposing ... Helm family possessions up for auction Saturday | Local News Elizabethtown News Enterprise An auction Sunday in Lexington will offer artifacts tied to the family of Mary Todd Lincoln, the wife of the 16th president, including items once belonging to a ... Arkansas livestock auction summary | Markets High Plains Journal The summary of livestock auctions in Arkansas for the week ending Feb. 15, showed estimated receipts of 7605 head selling, compared to 5600 head a week ... Georgia livestock auction summary | Markets High Plains Journal The summary of livestock auctions in Georgia for the week ending Feb. 15, totaled 6728 head selling, compared to 8602 head a week ago and 6066 head last ... Ed Noble Parkway put up for auction Norman Transcript Ed Noble Parkway is going to the highest bidder. The property, officially called Parkway Plaza, will go up for auction on April 1. Ten-X Commercial, an online ... George Washington's 'illustrious' hair goes up for auction Fox News A lock of hair from founding father George Washington is set to go up for auction next month and experts believe it could fetch a pretty penny. David Gilmour's guitar collection comes to auction Christie's David Gilmour's 1969 Black Fender Stratocaster has earned its place in rock'n'roll history. Known as 'The Black Strat', the guitar was purchased in 1970 at ... Auction Preview: Home & Interiors at Bonhams, London, Mar 13 BLOUIN ARTINFO What: Home & Interiors. Where: Bonhams, Montpelier Street, Knightsbridge, London SW7 1HH, UK. When: 13 March, 10.00 GMT. Public Viewing: 10 Mar 2019 ... Third annual auction benefits QHS FFA Herald-Whig The third annual Quincy High School FFA auction will take place Thursday, Feb. 21, in the QHS cafeteria. 007 Lots You Can Buy In The Bond & Beyond Auction Forbes Memorabilia associated with James Bond and other vintage action stars hits the auction block on February 7th. A range of material from actual film-used props to ... Julian Edelman's Used Beard Clippings Pass $2,000 Mark In Charity Auction TMZ The famous facial hair Julian Edelman rocked this past season can be all yours. Three Lotus Carltons are up for sale… at the same auction Top Gear Race Retro sale includes three examples of the iconic super-saloon. Greg Potts. 20 Feb 2019. Facebook · Twitter · Google+ · WhatsApp · Mailto · Copy link. Clark County auction scheduled for March 2 KLAS-TV Clark County will hold its first government auction of the year on Saturday, March 2. Tax Forfeiture Auction Selling Parcels in St. Louis County FOX 21 Online ST. LOUIS COUNTY – More than 90 properties were featured at the tax forfeited land auction at the Shriner's center in Hermantown. These auctions happen ... 2019 Fantasy Baseball Draft Prep: 12-team Head-to-head points auction CBS Sports Every auction is different, of course, but Scott White says it wasn't so surprising to see owners go aggressively after starting pitching in this one. Up for auction: Bob Dylan's childhood bathroom sink Bring Me The News It's being sold on Ebay by the owners of the former Zimmy's Restaurant. Donald and Melania Trump's 2005 wedding cake favor up for auction Fox News A piece of President Donald and first lady Melania Trump's wedding day could be yours, as a wedding cake favor from the couple's January 2005 nuptials has ... Ford settles lawsuit over $1.8 million supercar auction Fox News Ford and Mecum Auctions have settled a lawsuit over the sale of cars that aren't supposed to be sold. The litigation stemmed from the auction last May of a 2017 ... No one wanted to buy Hitler's paintings at an auction held in Germany amid public outrage and accusations of forgery Business Insider Five paintings believed to be created by Adolf Hitler failed to sell at a German auction amid public outrage and accusations of forgery over the weekend. Mystery Buyer Splashes Out Thousands On Sperm Whale Penis At Auction LADbible The Out of The Ordinary auction boasted some of the weirdest objects from around the world. Kane Beef Up For Auction Wednesday Drovers Magazine After a private sale of Kane Beef fell through last week, the Corpus Christi beef processor will be sold at auction. Unopened Super Mario Brothers game sells for $100k at auction WPVI-TV There's a new world record for a classic video game. No One Wanted To Buy These 'Hitler Paintings' At Controversial Nuremberg Auction HuffPost Five paintings purportedly made by genocidal dictator Adolf Hitler failed to find any buyers at a weekend auction in Nuremberg, Germany, amid concerns about ... |
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