Understanding eBay Stores: The Basics for Beginners
ฝัง
- เผยแพร่เมื่อ 23 ส.ค. 2024
- Find out if you need an eBay store to sell on eBay! Which one might work best for you?
THANK YOU SO MUCH TO EVERYONE WHO HAS HELPED SUPPORT THE CHANNEL BY USING THE LINKS BELOW! YOUR SUPPORT HAS BEEN NOTHING SHORT OF HUMBLING.
Disclosure: Some of the links below are affiliate links. This means that, at zero cost to you, I will earn an affiliate commission if you click through the link and finalize a purchase. As an Amazon Associate I earn from qualifying purchases.
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AND...for anyone who has actually read to the bottom of the description, here's a link to the book I wrote for Melody way back on our 25th wedding anniversary. It isn't reselling related, but it's definitely about the two of us. It is light-hearted and a SUPER easy read. More fun than educational.
How To Be Married Forever: www.amazon.com...
Thanks for breaking this all down for us who can’t sit and read a lot at a time. I appreciate all you do, thank you. Glad I found you
Thank you very much. I mean that. I want the videos to be helpful.
Since I’ve open my basic store my sales have improved greatly! thank you for sharing your knowledge!!!
That's awesome!!!
Thanks for sharing this Scott, I have been wondering whether I should open a store. This is so helpful and I will be opening a store soon. I have watched several of your videos, my sales have significantly improved because of simple changes like pictures and description of what I am selling. Its amazing what you are doing, I am so encouraged to keep going.
More than anything, I want to create genuinely helpful videos. So, I truly appreciate you taking the time to comment. :-)
This is a really interesting video. I can give you the Canadian perspective. I had the starter store level of 250 free insertion listings but they don't charge us for that. I started April of 2020 but that was just making the account and setting things up. I started listing in July. Don't be afraid to just set up an account first. I didn't have a store or anything until November, 2022. You will build up to 250 and if you want to list more, it really is better to just get the store for that reason only. That is what I did. I waited until I had about 10 positive feedback before I bought the basic subscription. The basic store offers 1000 free insertion listings for $22.50 cdn(taxes included) a month if you pay yearly. Other than listing I haven't really played with the other "perks" yet. Selling from Canada is wayyy different. Our shipping is a tiered by weight and size so it truly costs $25 cdn to send myself a parcel 🤪 Stuff just costs more up here too so we have to sell items that are worth the shipping cost. In the past two years I have sold about 50 items total, have about 350 listings to date but still adding every day. I sell mostly vintage items, breakables too. Don't assume that an item that doesn't sell right away isn't worth selling, some are what is called a long tail item.
So, I get my 1000 listings and I feel like I get more views for sure but not sure about sales. Time will tell. I think I will try running a sale and see what happens. Thanks for that tip. 😊
SOOO fantastic. I get a lot of questions about how things work in other countries. But, I just don't have any experience from anywhere else. This is truly valuable. Thank you!
@@TheChaChingKing Happy to share. 🙂
I’ve been wondering this too thank you! I’m so new and have only sold a few items so I think for me I’ll wait until I get more experience. But I decided I’d start with basic when I do. More benefits.
Sounds like a solid plan. You can do this!
The best on YT for resellers especially newbies! Many thx.
Wow, thanks!
I look forward to watching every new video. Your an awesome teacher and very knowledgeable . You put a smile on my face every time I see one of your videos. You always look so happy! Thanks for what you do.😊
Thank you so very much!
I didn't know there were so many choices and levels to sell on eBay. You explained everything very well. Thank you!
Glad it was helpful!
I could listen to this guy all day. His other video Sell Like the Pros:5 Keys, was fantastic too.
While we are at it...everyone subscribe to this guy! SOOOO close to 1000!
PERFECT TIMING! That was my question last night
Yeah! I hope it's helpful
We are so glad that we have been using Basic Store for several years now. There occasionally are some other perks that eBay does to help promote sellers. During eBay 25 Years promotion, I did get to change up my listings to feature me or a model wear the branded T-shirt in the listing.
I completely agree. It's in eBay best interest to push a bit more business to a store.
Great video and valuable information. I was wondering about getting a store amd what that looks like. Its amazing how when someone shows you there is a better understood versus reading it for yourself. Thank you so much.
My goal is to be as helpful as possible. I'm still learning how to do that, so your feedback is very encouraging.
Thank you for this video! I had watched it before but wasn't even close to considering a store. I watched it again because I was considering it and I'm going to wait for a bit. Thank you!
I hope it's helpful! :-)
Thank you so much for this! I’ve been watching your videos and taking your advice as I sell items around my house and i was JUST wondering this! I just searched your page yesterday for what your opinion is on personal account vs the stores. As I am JUST starting and feeling things out, I don’t think I’m missing anything at this time just having a personal account.
I really appreciate your insight and information. I feel like I’m getting advice from a friend. ☺️
That's exactly what I hope for! If people are finding the videos helpful, that's a win.
So glad I found your video. Your knowledge and "teaching style" are excellent! This was extremely helpful in making a decision to start a store. Been selling on eBay for a year & now have over 500 listings w/o volume sales like most other sellers with this volume of inventory. Realized that I'm paying $40 each month in listing fees. I'll be taking advantage of the Basic Store option which will eliminate the listing fees each month and allow me to run promotions and markdowns on the inventory that has been stagnant.
I genuinely hope you find some of this helpful and encouraging. 😀
Never even considered opening as a store til seeing this video. Incredibly insightful stuff. Especially the last bit about the hidden benefit. Thank you ChachingKing!
Thanks so much! I hope it proves helpful.
Your video's are amazing! Informative, with not just what or how, but why. Your presentation is descriptive, easy to follow and I hope for two things, that I can apply what you've taught me and that I can pay it forward 1/2 as well. Thank you!
I truly appreciate you taking the time to write such an encouraging note. Thank you
I've watched several videos on this and you by far had the best explanation of everything. I needed to know if those 250 listings in starter store are active lisings that roll over plus another 250 each month and its not. So thank you!! I'm going to upgrade to a basic store. You earned my subscription🤗
I really appreciate that, thank you so much!
Good info, my listings are growing and growing and I'm beginning to have to face this decision. So, thanks. I'm thinking it about time for me to make that leap to the basic store. I have about 360+ items I'm doing regular sourcing and listings so I'm feeling like I'm approaching that point
You're definitely right there. Good for you!
I appreciate your videos….. I have found myself turning to them for many answers so you Sir are providing an important service as far as I am concerned. I started eBay as a fluke listing 2 high value items that sold over night making great money. The hook was set but now I am trying to get everything ironed out after selling 92 for a total of $6grand but it has been a wild ride for sure. Pretty steep learning curve to get this done without running looking like a dummy. This is were you and a few other TH-camrs fill the gap!
Oh wow!!! Look at you go!! All the credit is yours. YOU are the one doing it. I can make all the videos covering everything that could ever need to be covered...but YOU had to do it. Pat yourself on the back!
Your teachers heart is so encouraging for me to listen to. Thank you 😊
I feel very fortunate to get to do this.
Thank you once again! HMMM, that shirt looks very familiar ha ha. I guess I’ll probably do a little advertising for you today as I’m actually going out sourcing. It’s the first day that I will make it to a store in months. My treatments are going well, so I’m feeling well enough to go out. I am only have about 270 items right now but I have a garage full of stuff I have not listed. It’ just so overwhelming and a lot of the stuff that I have is stuff I have to really research before listing so each item takes quite a while to get up. I am hoping within the next month to be up to at least 400 items. one thing you really cleared up. Is the 250 items. I thought it meant 250 new items not total items. 😢. You and Melody have really helped me so much. This has just given life to my life!
You are straight-up inspirational! You've got this!!!
I would love to see it from both sides. Consumer and you. Maybe you could make a video "buying" something fun yourself and show what it looks like when the order comes in all the way to shipping?
Thanks for the idea! We may see if that works with what we are doing.
Thank you! Much easier to understand when you break it down for us.
You're welcome! You are always supportive and I really appreciate you.
Thank You So Much 🙏🏻 because of your video, I understood so much more about eBay stores, & I just got one & you got a new fan 😄😄
Glad it helped!
Thanks Scott, this was great information to help me decide which store to subscribe to. Your videos are always so helpful!
Glad to help!
🤔your video made me thinking now in the future is definitely a step I have to take. Thank you 🙏
With the low cost of the stores, it's not an expensive step. You've got this!
Thanks as a part time retired reseller this is helpful
Thank you for watching and commenting! It's reassuring to hear that I'm on the right track.
Thank you so much for all the advice you share with us. Wishing you & your wife a good reselling year!
And the same to you! We are going to own 2024!!
I started selling on eBay and they say you get 250 free listings, but not all at once! So I got a basic store, again ran out of free listings so upgraded to a starter which meets my needs on how many items I can list.
The renewing listings every 30 days count towards your free listings. It sounds like you've been busy!
Thank you for presenting the information clearly. I was able to listen and work at the same time!!
Awesome! Thank you.
Ok new subscriber here due to this video. 😊 I liked listening to this very clear, perfectly formatted in visuals and length, video. I like listening to resellers who seem like they genuinely want to help. Thanks!
I truly appreciate that. I want to help people if I'm able to.
Thanks for explaining in detail about the coupons and terapeak. I have around 450 items and list about 150 - 200 a month. So I think the basic should work for now.
Sounds like you have it completely under control!
Great video. Just what I needed at this point in my Ebay adventure.
I hope it's helpful!
Major congrats on 15k!
I never make 1k without you. I'm so grateful for you.
I have been binging your videos and I wish that I knew of you when I first got started. Your videos are amazing I am in the works of doing educational videos on jewelry and jewelry selling but I am nowhere close to your level. Thank you for everything you do.
Thank you so much! I'm still learning how to make a decent video, too. I'm pretty slow at it. I know some people that can crank out 3 videos a week and I struggle to make one. And, I was NOT a natural in front of the camera at all. Still, I've made progress. My goal is to eventually be able to create videos that are truly helpful.
@@TheChaChingKing They ARE Truly helpful. Keep up the good work.
Thank you
I have been trying to decide if I want a store or keep mine personal acct. I just started in October but will be capping the 250 listings this month and have sold 67 items in about 45 days. I think I will go ahead and bite the bullet and possibly open a store front. 🤞 The mark down or sell option you mentioned is what I truly want.
The sale option for me makes a massive difference. We can tell when our sale ends. Everything stops.
@@TheChaChingKing I started my first sale with your help last night and I have seen more activity than normal.
Thank you for all the information that you sbare. Your teaching background really shows. You encouraged me to begin selling just over a year ago.
My question about opening a store is this: Will I loose all of my feedback and followers that I have now. How does all that work. Thank you for your encouragement, Brenda
You will not lose any of the feedback or followers that you have now. :-)
And thank you for the kind words.
@@TheChaChingKing6:45
Thanks for sharing Scott. I've been wondering if I should sign up for a store and I think it's time.
You've got this!
Thanks so much for responding...What I meant was I purchased the basic plan and was under the impression that I would have up to 1000 free listings... but was charged .25 for listing an item. Right now, I still have under 250...clearly not close to the 1000.
Hmmm...I'm honestly not sure. Sometimes, when it comes to account specific questions, you need to ask eBay. I do agree that it isn't always obvious what they are charging you for. I wish it did when there was a charge.
Funny that you made this video. I was just thinking the same thing!
I seemed to have a lot of people asking me. I know others have covered the topic before, but the information always changes.
Thanks!
This was really well set out and a hugely helpful so appreciated and thank you. I agree that it worked better than anything I tried to watch or read so you have a new supporter. Thank you Scott, and to the next video I go...!
Glad it helped! And thank you for such an encouraging note.
When a buyer finds your item from a general search will the fact that it is on sale or markdown show up somehow in the offering price. Will the time that the sale ends also show up? If so having this type of ability to promote seems like a huge benefit to having a store - and one that no other discussion of this topic seems to include. So again, YOU ARE THE KING! Thanks.
Lol...thank you. Yes, you will see the sale price. And, if they make an offer for a listing that they clicked through a promoted listing, that shows up, too.
Thank you, your explanation is the best compared to what I got from you know where.
I'm still working to make my videos easier to follow and more helpful. Long-term, I want to create the most informative, encouraging, and helpful videos I'm capable of making.
Thanks for the info!
I really appreciate the insight that you give. I'm new to your channel and I can already see that value. Keep them coming!
I have enjoyed learning how to make the videos more than I ever thought I would.
@@TheChaChingKing kudos to you man. You do a great job. I sell on ebay and so far have done pretty well. I sell used automotive parts. I'm trying to grow as fast as possible. Do you have any insight on what on an llc? Are you sole proprietor or s-Corp? Can you make a video on it? Also do you use quick books to keep track of everything? Thanks
Very helpful! I have a basic store and 1200 listing and was wondering if I should go to premium. Yes I should . I started in January and list 10 to 30 items a day.
Thank you.
Glad it was helpful!
The breakdown I was looking for! Thank you.
I hope it was helpful!
Thanks for this info. I have a store and did my own research on the subject, this would have been useful and saved me time in looking into it. I wanted a store because of the item limits and fee savings. Have found the quarterly coupon nice benefit.
It's definitely a question that gets asked a lot. I appreciate the kind comment.
WONDERFUL Video again Scot 💕👩🌾
Thanks again, Noel!
Thanks for the video and information
You are most welcome.
Thank you Scott for this useful information. I love getting my coupon.
Me too! I really appreciate the feedback. 😀
Thank you for all of your videos. I have been having so much more success since watching all of your videos. I have a question-can you make a video on how to link your listings to your store? I heard you mention that in this video and I have been trying to ever since. Thanks again for your great videos!
I'm happy to try and help. Do me a favor, if you can. Link the time stamp that you are talking about. I just want to make sure I understand the question. :-)
Thank you very much. You start discussing it at 7:16.
You're the king!! Thank you Scott you and Melody are awesome! XD
You are far too kind. Thank you. :-)
Very informative and perfect timing. I was debating if I should get one. But you video help me to reach a decision. I also wondering if you sell internationally. What are the tips and requirements that we need to be aware of before selling internationally. Thank you.
I LOVE selling internationally through eBay's International Shipping. They handle ALL of the returns. So, you never get anything back. HUGE plus.
@@TheChaChingKing thank you. Would you do a walkthrough session for setting up international selling. Do you need to have a store in order to sell internationally? Also, would you need to be selling on eBay for x days before you can become an internationally seller? I don’t seemed to have an enrollment button/feature at my account level to turn this on. The only international selling that I found is under the shipping policy. Sorry for the many questions.
Your Awesome!! But I already told you that!! First, I am only planning on selling 10-20 items a month starting in a couple months, but....I do know I am going (already started) to learn sooo much more about eBay going thru your videos!! I appreciate them very much!! I'm currently unable to go full time doing every video like I want to, I just want you to know since you won't see me except off and on right now. I appreciate your help so much!! You explain the subject very well. It is amazing how I been following channels the last 3 years that sell on eBay. Not one of them have ever explained the stores. They purchase the eBay tape, boxes etc. Some of the resellers are making big money, they aren't buy the eBay material, they have many coupons to use to get that material!!! ***So, when you look up an item in the sold area on eBay , that isn't the actual truth because people like me, our solds of that item will not be in the total, correct? Thank You!! Thank You!! I hope you and the wife are having a Great Day!! Oh, have you been watching DLH and all the snow they are getting up there? Well, we down in the Minneapolis/St.Paul area are at 48" already! That is the average level for the whole season!!! Have a good one!!!! 🤗♥️🙏🏼 I don't know why it is twice. But if I delete one, the other one goes away also! Sorry about that!!
I've been following the weather. I absolutely love Minnesota. Truly love it. BUT...don't miss the blizzards that we got in Duluth. I've shoveled all the snow I ever care to shovel. lol
This was helpful. Thank you. I notice ebay sellers all have a partner, spouse, or hired help. Is this something, as a single person, I can do and make a living at it?
I am ready to jump in, however, this is a concern.
There are definitely people that do it alone and can make a living. But it's a ton of work. Melody and I work together, but we don't do 40 hours a week combined. Between taking care of her parents and TH-cam, there just isn't enough time. TH-cam definitely reduced my ebay income. We only grossed about 75k last year between eBay, Poshmark and Etsy. It's also important to note, that the business didn't start there. It takes time to get traction. I never recommend quitting your day job until you can't afford to go any more. Build ebay up first
Thanks for this great info!
I really appreciate you watching and taking the time to comment.
I have a question about the promotion part. For example, if I run a promotion can I say buy three shirts for free shipping. Thank you. You been a big help .
The best way to accomplish that would be to create a quantity discount. Buy one...1% off. Buy two...2% off. Buy 3...33% off.
Answered all my questions thanks
Another great lesson Scott. Thank you!!
Thank you!
Thanks
WHAT!!! Totally unnecessary and TOTALLY appreciated. Thank you so much.
Thank you for this information! Helps out alot. 😀😊
I really appreciate you watching and commenting!
Terapeak is available to me and i have the basic store. Interesting that it says its not but i dont have a problem viewing the stats
You're the second one to say it, so it's obviously a thing. Good info and I appreciate you sharing it!
Thank you for the content! Nice video!
I really appreciate that. Thank you.
thank you, very helpful!
Thank you!
Hey Scot. Its me again, from MO. I watched this again, lol, to catch things that I missed the first time. Three things i want to mention: 1, I very much appreciate your teaching style. While I havent worked in academia as you did, I designed and taught a seminar called Writing Your Memoirs. Im planning to make it available in book form. 2, I finally got my ebay seller acct up and running. I've made 4 sales in these first 3 weeks, and currently have over $1,000 listed. A good start, I think, plus I keep listing more items every few days. 3, What would you recommend for seasonal items, such as shorts? Delete them, and relist them next summer? Or keep them listed, and pay the 35 cents per item, in case I get an international order?
I don't ever take things down that are seasonal. You never know when it'll sell. And you really are off to an amazing start!!! You'll be ready to teach the class soon. :-)
I genuinely appreciate the kind words.
@@TheChaChingKing OK, thx for the info. And yes, I HOPE that's an amazing start, lol. Once I got over the initial jitters of trying something totally new to me - AND thoroughly immersed myself in learning all I could about selling on ebay, esp thru your videos - then I "took the plunge", lol, and hoped for the best. Getting 4 sales is less than a month, gives me the encouragement I needed to continue listing.
The only reason I got a store today is because after two months on eBay I was losing money from insertion fees because the more items you have, the more renewals after one month counting as a listing, and I have a lot to list. Therefore, no matter what, as the months go by, all your listings will catch up with you and you have to continue to upgrade.
Absolutely. If you continue to list and grow your account, a store becomes a better deal.
Wow. I’m really impressed with your videography. Overlaying yourself onto the screen and screen grabbing into a video…I wish I knew how to do that. What video production software do you use?
Thank you so much! I use DaVinci Resolve Studio. It is way more powerful than I am currently capof taking advantage of. That said, I try at least one new thing with every video. I want the editing process to make it easier for me to help people. I figure the more clear I can make the delivery, the better for whoever it is watching. So, you can't imagine how much I appreciate this comment. I'm not where I want to be, but you made me feel like I'm heading in the right direction.
Thabk you so much! I love your videos! 🎉
Thank you for watching and commenting!
Thanks for the breakdown! Phone companies “data throttle” in that if you have a cheaper subscription they will purposefully slow down your service so that you will upgrade to a more expensive plan. My question is does eBay do this by slowing down clicks and algorithms so you don’t sell as much until you upgrade?
No, I don't think so. I do think they throttle you if you're not an active seller. If you list on a regular basis, respond to questions and offer and ship on time, your items will place higher in search than someone who doesn't do those things.
@@TheChaChingKing Thank you!
0:31 Hi Scot, you often mention buying Goodwill bins on a per pound basis. What are these? I go to Goodwill stores frequently, but I have never seen anything like those. Solve this mystery for me, please! Thanks.
The actually have an online locator to find one anywhere in the US. :-)
www.gwoutletstorelocator.com/
Thank you sooo much!!
First let me say that your videos are amazing! So informative and detailed!
I have a question, what do you do if you have to pull away, like to go on vacation and cannot fill orders during that time? Is there a way to pause operations?
Yes. It's no problem to put the store on time away.
Very informative. Thanks
I really appreciate you watching and commenting.
Thanks for the information, you explain all the steps so clearly. Can you give some information on how to list and upload photos and shipping process. Does eBay provide their own labels?
You can buy and print labels right through eBay. It's what I do with every sale.
I've touched on uploading photos and shipping, but it's probably time to update those videos again. Every time the platform changes, the process changes.
Thanks for the great content! Just to clarify, any new items you list per month, plus any items that were previously listed but renew after 30 days, plus any items sold during a 30 day period all count towards the 250 free listing per month, correct? So it appears that once you reach 250 active listings, then maybe a basic store subscription with 1000 free listings would make sense vs being charged 35 cents insertion fee for every item over 250.
Yes, you've got it. Also, once you factor in the $50 coupon for eBay branded shipping supplies you get every quarter with that store, it makes even more sense.
Good point! Thanks!
I was able to build to 800 listings without any store or any additional fees. I opened a basic store 9 months ago and have not seen any benefit. I think I’ll go back to no store next year
I completely understand. I've never been convinced that a store boosts your item's visibility.
Don't know if you remember me Scott but I did get an offer and accepted on a Tiffany bracelet. What will happen if my shipping label doesn't print?I haven't come across that hurdle yet
You can always reprint a label. If it still didn't print, you should be able to write down the tracking number and have it printed at the post office. I know they can print it if you take them the QR code.
Once again, Thanks!
I'm glad you're finding some value for yourself in the videos. I'm glad you're here.
The only reason I have a store is so that I can close it when I’m out of town. Otherwise it’s no different than just doing my normal eBay.
You can do time away without a store now. But there are also cheaper stores now than there used to be.
Your videos are so informative. How do you determine which platform to post your items? Do certain things sell better on eBay over the other sites and vice-versa?
Most things sell well on ebay. So that is our go-to platform. But vintage items also sell well on Etsy. And we love Poshmark for women's clothing.
Thanks for the kind words!
Very helpful!
Thank you so much!
Hi; thank you for the video, what is the selling limits for eBay Store Basic? Like the eBay personal, the monthly selling limits is up to $1000 for all listed items. Wondering if eBay store basic got the same limitation?
You only have limits like that when you're just getting started. Paying for a store doesn't raise your limits. BUT, the limits will go up as you successfully complete sales. But, paying for a store won't raise your limits at all.
Making extra money on ebay is my goal.
You can do this!
I wish you had gone into what the cost advantages are to having a store. What's the difference in where items show up in search results for store items and regular listings? If I have a store, do non-store listing get the same discounted final value fees store items get. I've been trying to find this information on Ebay and all they tell you is what it costs fro different store levels.
I haven't found (or seen) any difference at all in whether or not having a store impacts the visibility of an item. I tried posting the same shirt on my teaching account, which doesn't have a store subscription, and my main account, which does. The listings had no other differences in them. The views were very similar. As I was more active in my main store, it eventually had more views. But, it sold on the account without a store.
As far as discounts, you do save a little more depending on which site you have. But, from my point of view, that didn't make much impact without a great deal of consistent volume.
Scott, does vintage sell well on eBay. I would like to open a shop, but will vintage sell?
Yes, absolutely. I would guess that at least 50% of what I sell is vintage. eBay is a terrific platform for vintage items.
@@TheChaChingKing Thanks!
Can’t believe you have a starter store in the US, we have the basic store as the entry level in the UK, $25!! :(
OH NO!! That's way too much for someone just getting started.
I have a question. I keep hearing you have to list at least 5 items a day for 365 days a year if not 10 plus a day. I have a issue with this because of a few different reasons. First is the amount of money it requires for inventory, second reason is storage, 3 reason is how my brain works . I will throw things out or donate them to goodwill if it doesn’t look like it going to sell. Last reason is my time and burn out some days. I had 2 big returns in 24 hours. I am frustrated with selling on eBay. I am currently selling mens and active wear clothes. I unlisted all my women’s winter boots because our return rate was higher than I cared for. My ideal situation is just a garage or basement for my eBay business. I don’t want a warehouse of inventory. What are your thoughts to new sellers. I been a housewife for last 17 years. My kids are now adults . I only want to invest 3 hours a day for 3 to 4 days a week.
The beauty of having your own business is that you can build it to suit YOUR life. It's great to hear what other people do. But pick and choose those things that actually work for you. Melody and I list something every day. But, between trying to figure out how to do TH-cam, taking care of aging parents and eBay on top of it, we just can't do what other people do. AND WE DON'T HAVE TO. :-) You don't either. Being consistent doesn't mean you have to list ten a day. Ten a day is GREAT! But if you listed one amazing item everyday that has an awesome sell-through rate and a great price, you're going to sell it.
@@TheChaChingKing I am in my late 40s ! I don’t have the energy or drive to work all day. I find working for a few hours in the morning to be best. Sometimes I just need to take time off if we don’t have orders going out. I have my husband help out if I am truly sick or burned out. I injured my back two years ago. My back recently is ok but it acts up sometimes. I don’t want to lose sells because I don’t want to list something that day. My eBay store wasn’t getting any sells in December. I am very new at this so there could be different reasons why. I know the economy is a issue . I think I am ok with selling mens clothes and active wear. I would love to sell decor or cute things including mugs . I just think there more of a need for clothing because of the economy. We need the extra 500 a month because of the economy for groceries and bills.
I had a store in 2022 but they kept taking more money then what i was making just be careful and pay close attention to monthly statements. And it does cost a lot of money to close the store.
I've never had a situation where they took more than what my store fees were supposed to be. But, yes, as a business owner you absolutely should watch the bottom line to make sure it's doing what you expected it to do. Surprises are almost never good.
great video! Do you have an opinion or perspective for when it's best to use SS vs creating an EIN by way of LLC? Alternatively, it would be great to know your perspective on other selling apps for preowned clothing and shoes. thanks!
I'm honestly not qualified enough to have a valuable opinion on the best way to set-up the business structure. I'm not being evasive, I'm just honestly unsure. I have an EIN in Texas and it has done what I needed it to do so far. Going forward, I plan on talking to someone more knowledgeable than I am to see what's the best course of action.
Pre-owned clothing and shoes do great for us on Poshmark in addition to eBay. If they are vintage, we also love Etsy. We use List Perfectly to crosspost between them.
Great video!
Won a sub 😊
Thank you!
awesome vid’ i don’t have a store and they are charging me 2.35 cents to list all of a sudden 😅
You must have reached a limit on the number of listings you get free.
yes and the amount you can post for .35 cents lol @@TheChaChingKing
Thanks for all of your videos they're very helpful. I'm just wondering how you go about paying taxes whether you open a store or sell from a personal account?
I have a Texas tax payer ID, but that only impacts my sales tax here. It doesn't matter whether you have a personal account or a business account on eBay. Bot get reported to the IRS when the sales top $600 in a year. So, I have one account that's a store. That's my main account for the last 24 years. And I also have the ChaChingKing account that I created without a store to help me make the beginning series of videos. BOTH have to pay taxes.
I'd also STRONGLY recommend talking to a tax professional. At a minimum, give NotYourDadsCPA a follow. He's a CPA AND a reseller.
Thank you for your quick reply and suggestions. I really appreciate it.
Ive always been a little confused about the insertion fee. When does ebay actually charge you that fee? When you make the listing? Like I could be getting charged and not even notice it because it happening on relisted items?
Yes, when it is listed. You need to check the ebay fees. I may cover how to look at your fees and exactly what they are for in an upcoming video.
@TheChaChingKing thank you... I've only ever seen "list it for free" in my app when I'm putting up new listings.
I listed 3 items on ebay today as i just started a new ebay store well not the store yet just listing.. im not seeing any of them listes in ebay? How long will it tske for them to show up for sale?
It can take anywhere from a few minutes to a whole day. It depends on what was listed and the category. I suppose it might also depend on what was listed. I know that when I list in the militaria categories, it takes longer.
Hi, how does ebay determine the percentage in regards to the final value fee?
All of that is determined up front. It varies based on the category that your item is listed in. I try to keep enough profit in my items that 1% one way or another doesn't have a big impact on me. For the most part, if I factor in about 13% in eBay fees, that about covers it. Does that help?
Just found your channel. Can you please answer a question that I can NEVER get an answer for? I sell on eBay and hope to do it full time. I list a lot of books. I notice people selling books for example $3.49 with free shipping. How can they do that when it costs me MORE than $3.49 for shipping alone? Thank you for your help.
They are shipping via USPS Media Mail which is much cheaper than First Class. You can also use some bulk shipping methods where a tracking number is printed but not shipped until there's a pallet-full to get a cheaper rate. I wouldn't ever do that. That said, they aren't making hardly anything on that book. I wouldn't want to haul a cart full of books to the post office that I clear 15 cents each on. If possible, aim at a higher price point and make it worth your time. Did that answer the question?
@@TheChaChingKing I do use media mail, still over $3. Maybe they get a store discount, Plus I heard top sellers get discounts, but I'm not sure. They may also lie about the weight. 😁 Thank you for the answer.
How much money should I profit before getting a store?
It wasn't a certain number for us. If you want to run a sale and have around 400 listings at any given time, it's probably worth considering.