We’ve looked at how to see how much money you’re spending, and how to budget for listing enhancements. Today we have 20 top tips for fee savings using the to your advantage:
Save where you can
1) When listing set your start price a penny less to fall into a lower fee bracket.
e.g. List an item for Â£15.00 and the insertion fee is Â£0.50, list the same item for Â£14.99 for a Â£0.25 insertion fee – 50% saving!
2) Use Multiple item listings where it can save money
e.g. If you list an item for Â£7.00 Buy It Now (BIN) you could list two on the same listing and still pay the same Â£0.25 insertion fee.
3) Open an , the Â£6 the shop costs are easily recouped with Shop Inventory Format (SIF) listings, cross promotions and email marketing.
4) Make full use of SIF listings with listing fees from just Â£0.03
Strategies for savings
5) Sell more expensive items to get lower Final Value Fees (FVF)
e.g. Sell 10 items at Â£10.00 and you’ll pay 7.5% FVF or Â£7.50.
Sell 1 item at Â£100 and you’ll pay 7.5% of Â£29.99 plus 4.5% of Â£70.01 or just Â£5.40.
The FVFs drop for items over Â£30.00 and again for items over Â£600.00
6) BIN can be cheaper than SIF if you sell multiples.
e.g. If you sell Â£10 items and sell 12 or more on a multiple item listings:
A SIF with Â£0.09 insertion fee and 10% FVF will cost Â£11.01 total
A BIN with Â£1.90 insertion fees but lower FVF will cost Â£10.90 total.
For Â£10 items selling less than 12 from the listing makes SIF cheapest, but if you think you’ll sell 12 or more then BIN will save you money, plus you get higher exposure in search helping you sell even more.
7) List in the cheapest catagory, Technology and Media categories have lower fees.
e.g. A multifunction Printer/Fax/Scanner can be sold for lower FVF in than under .
8) When the maximum insertion fee is Â£8.00 and the maximum FVF is Â£35.00.
9) Use to bring back previous buyers – it costs nothing to get more buyers to view your listings.
10) Make sure you qualify for , 20% – 40% off your FVFs
11) Make full use of Cheap Listing Days when they fit your selling strategy
12) Apply for the PayPal Merchant Rate Discounts as soon as you receive more than Â£1500.00 in a single month.
13) If you’re VAT registered add your VAT number to eBay for a 15% reduction (Luxembourg Vat rate) on eBay fees.
Seven fee freebies
14) If you use there are no insertion fees
15) If your final value is Â£0.06 or less there are no FVFs (less than Â½p rounded down to zero)
16) If you use there are no FVFs
17) If you use use and then it’s free.
18) If you auctions sign up for (SMP) and then it’s free
19) If you use SMP sign up for a Featured Shop and then it’s free (Plus you get thrown in for free on top)
20) If you use multiple pictures eBay charge fees – your own webspace or PhotoBucket is free
The lower your start price the lower your insertion fee. (Yes I know that’s obvious, but it’s worth a quick reminder 😉 )
Slight correction for you Chris.
7) FVF in media categories are higher (9%), but insertion fees are lower
Thanks Steve, and of course you’re totally correct 🙂
Hi, all good stuff 🙂 may I suggest a candidate for #21 please?
It’s make full use of relisting fee credits.
You can still claw back a few percent of the monthly bill even if most of your listings end in a sale.
Ooh thank you Ellen – how did I miss that one? 😯
Just to expand on the web hosting (20) .. dont be afraid to shop around for some good web hosting deals! Some people pay per month for their web hosting what I pay in a year.
The same goes for domain name registration. Dont stick with the same outfit when you can get renewals cheaper elsewhere.
Another one…. if you have your own domain name and web hosting, dont be afraid to stick a couple items on your own “store”. It doesnt need to be a full blown ecommerce bells and whistles… a nicely presented wordpress layout works well.
No listing fees, great for slow moving lines, no listing policy violations possible and they stick well in google searches.
.. and finally, one for the future… 2 hour bank transfers in the UK are on the cards in the next couple of months. It might be a good idea to start thinking up some ideas on how to tempt buyers to pay that way.( on items from your own web page for example )
Do you think 2 hour bank transfers will speed up PayPal echeques? I hate em for their 7-9 working day clearance time 👿
The biggest and best fee we save is the one ebay give us for our DSR discount
From what I read this 2 hour bank transfer thing is UK only, so that rules out paypal getting their finger out. I also dont see quite how useful a 2 hour transfer will be when online banking is only correct up to the end of the previous working day. Do you think they missed the 4 out? 24 hour transfers?
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