I’ve just had a phone call from the landlord of my office this morning. He’s sold something on eBay for Â£70.00 and was asking how I can make a living when the final value fee was Â£17.00! Well the answer is I couldn’t…
He made a simple mistake, he listed a car accessory but picked the wrong category and listed it in the Motors Car category instead of Motors Parts and Accessories. It’s an expensive mistake to make, he’d also have paid an Â£8.00 listing fee.
If you haven’t checked the eBay.co.uk fee structure recently it’s worth spending some time reviewing it. Not only are Motors more expensive but there are some huge savings to be made.
- Did you know that Technology (Mobile and Home Phones, Computing, Consumer Electronics and Photography) or Media (Books, Music, DVDs, Film & TV, Video Games) products have a different fee structure? Property and Motors also have their own fee stucture.
- Several categories even have no Final Value Fees to pay, eg Property and Mobile Phones with Contracts! Others have fixed Final Value Fees such as Motors.
- Choosing a different (but relevant!) category to list in can give huge savings, for instance listing a multifunction Fax/Copier/Printer/Scanner in Office Equipment & Supplies (either Fax machines or copiers) will cost more in Final Value Fees then listing in Printers. Incidentally if you use Feature Plus that will cost you double as well! Listing a “How to” DVD in How To Guides will cost more in fees than listing the same DVD in Educational / Instructional DVD’s.
- If you have more than one of a particular item to sell the most you’ll be charged for insertion fees on a multiple quantity Auction or Buy It Now listing is Â£3.00. For a single item the maximum fee is Â£2.00. If you list items worth more than Â£100.00 in total placing them all on a single listings saves money.
- Second Chance offers incur no listing fees! If you have multiple items and auction a product you can offer as many underbidders the chance to buy at their highest bid free of charge. If they buy you only pay Final Value Fees.
- If you’re an authorised Motor Dealer you can list Classified Format ads and pay no Final Value Fees, only listing fees!
- Using Pictures on your auctions is a great way to attract more interest, but you only get one picture free for each listing. If you use more than one use your own hosting which is often free with your ISP or available from third parties like Photobucket and Auctiva.
- If you want to appeal to a worldwide audience listing item on sites other than eBay.co.uk have different fees applicable, you pay the fees on the site you list on. If you want to sell to the US consider listing on eBay.com. The downside is your listings will appear in US$
- If you list Shop Inventory Format items on other sites they’ll still appear in your eBay.co.uk shop. Some eBay sites have very very low insertion fees for SIF items compared to the UK 😉
- Finally (and most important in my opinion), go through your eBay invoice, sort it by “Fee Type” and see where you’re spending most money. Look at each different fee type you’re paying and decide if you’re getting value for money and where you can make savings. If you don’t know what you’re spending you don’t know where you’re wasting fees.
If you have any more great tips for saving money please do add them in comments below.