I can relate to your recent video. Last year July 2023, I brought a Chinese Moonflask vase for £7.99 and it sold for £280. But those wins are rare. Keep going is the answer, there is so much stuff out there, saves it going to the landfill and it helps the economy out, having us resellers working hard at what we do.
My take on this is that selling 10 - 15 pound items is a sweet spot for people to make impulse buys and you make the sale, this keeps your stuff ticking over and hopefully eBay rewards you by showing your other items which are hopefully the icing on the cake as Nic puts it. So in short bread and butter most of the time and occasionally a bit of cake ! 😊
Thank you for highlighting this. I get bored of people banging on about how you need to get your asp higher and higher. Mine is around the same as yours and I enjoy selling lots of bread and butter items, along with the bangers that come along every now and then.
Many thanks for this video just at the right time. Am major down sizing and keep thinking why bother listing just donate but as you say lovely things which bring a little all Mount up xxx cheri
If you are a generalist that's what it's all about - knowing your market and turning round the items to get the income coming in day by day - If you are part time/niche selling you can afford to be selective about your sourcing and hang on for the big money and be happy with the occasional sale
I sell 90% books and 10% media. My asp is around $40. It takes the same amount of time to list a $10 book as it does a $50 book so I put more time into sourcing higher value books.
It’s worth pointing out that a £15 ASP would equate to around £10 after fees and postage have been deducted since majority of your items are free post, which is fine since you’re spending £1 average per item and you’re full-time with selling volume. I’m part-time selling around 100 items a month with an ASP of £25 plus postage, though my average cost is around £8 per item. Part-time and Full-time business models should look different because of the time available so I would encourage everyone to aim for at least £20 plus postage ASP if you’re part-time.
I can agree with you My bread and butter items are mostly toys, sports/pokemon cards and sports stickers But on the odd occasion I’ll find something that will make me more, a few weeks ago I picked up a massive box of Lego along with some badges and key rings and sold a gaming badge for £60 due to it being a rare one Also I picked up some wivenhoe houses a few months ago and one sold for £85 and paid £6 so I can see where your coming from Nick
I gave up selling on eBay a couple of years back when, after I totalled every single costs involved, including my time and travel etc. I quickly realise I was working below minimum wage.
I think when reselling first took off people were happy to spend a quid and get £10 or £15 for it. Now people want big bucks. Nick talks a lot of sense.
Interteresting knowing your average selling price compared to my own which is 39.47 for the last 90 days but I do tend to only look for higher profit items I used to have 100s of listings low value but now I have around 100-150 but hardly anything less than 20-25 in price
I can relate to your recent video. Last year July 2023, I brought a Chinese Moonflask vase for £7.99 and it sold for £280. But those wins are rare. Keep going is the answer, there is so much stuff out there, saves it going to the landfill and it helps the economy out, having us resellers working hard at what we do.
My take on this is that selling 10 - 15 pound items is a sweet spot for people to make impulse buys and you make the sale, this keeps your stuff ticking over and hopefully eBay rewards you by showing your other items which are hopefully the icing on the cake as Nic puts it. So in short bread and butter most of the time and occasionally a bit of cake ! 😊
Thank you for highlighting this. I get bored of people banging on about how you need to get your asp higher and higher.
Mine is around the same as yours and I enjoy selling lots of bread and butter items, along with the bangers that come along every now and then.
Many thanks for this video just at the right time. Am major down sizing and keep thinking why bother listing just donate but as you say lovely things which bring a little all Mount up xxx cheri
If you are a generalist that's what it's all about - knowing your market and turning round the items to get the income coming in day by day - If you are part time/niche selling you can afford to be selective about your sourcing and hang on for the big money and be happy with the occasional sale
I sell 90% books and 10% media. My asp is around $40. It takes the same amount of time to list a $10 book as it does a $50 book so I put more time into sourcing higher value books.
It’s worth pointing out that a £15 ASP would equate to around £10 after fees and postage have been deducted since majority of your items are free post, which is fine since you’re spending £1 average per item and you’re full-time with selling volume. I’m part-time selling around 100 items a month with an ASP of £25 plus postage, though my average cost is around £8 per item. Part-time and Full-time business models should look different because of the time available so I would encourage everyone to aim for at least £20 plus postage ASP if you’re part-time.
An ebay youtuber tells the truth! Who would have thought?
Great video Nic
I can agree with you
My bread and butter items are mostly toys, sports/pokemon cards and sports stickers
But on the odd occasion I’ll find something that will make me more, a few weeks ago I picked up a massive box of Lego along with some badges and key rings and sold a gaming badge for £60 due to it being a rare one
Also I picked up some wivenhoe houses a few months ago and one sold for £85 and paid £6 so I can see where your coming from Nick
I don't know my ASP, but I like to sell stuff ASAP.
I like it LOL
I gave up selling on eBay a couple of years back when, after I totalled every single costs involved, including my time and travel etc. I quickly realise I was working below minimum wage.
I think when reselling first took off people were happy to spend a quid and get £10 or £15 for it. Now people want big bucks. Nick talks a lot of sense.
Thank you Nic
My pleasure!
All Adds up thanks Nic 😊
Interteresting knowing your average selling price compared to my own which is 39.47 for the last 90 days but I do tend to only look for higher profit items I used to have 100s of listings low value but now I have around 100-150 but hardly anything less than 20-25 in price
when did ebay knock up their charges to 14.1 percent iv just sold something and that was their charge.. does this seem high to you?
Different categories have different fees now. 14% is ouch tho
You always have to hit a homer once in a while 👍😉👍
1st :)