A simple edit on price or unlist and relist has gone a long way for us. Even going into vacation mode for some reason has been a help when it comes to attracting more offers and sales. Love the videos thanks !
For those saying this is because of the stimulus, I had 750 (1 year old+) items listed in my eBay store pre-pandemic summer... I ended all of those listings and did “sell similar” while tweaking each listing... and my sales tripled. It definitely makes a huge difference!!!
@@grinchlette For whatever reason, the major resellers on TH-cam say to end listing and sell similar. I do that and it seems to work. Just tweaking an existing listing seems to not work! Also, try doing free shipping if you can estimate it on stagnate items... sometimes I find eBay’s internal system messes up calculated shipping! Not all of the time but sometimes!
Your sales graph is tracking with stimulus money disbursements. Not that feeding the algorithm doesn't help, but I still feel like you've omited the context of stimulus.
Yep, I’ve noticed this too. Any tweak makes it look like your listing is more active. Thanks for showing the data backing this up. I tweak once a week because of this.
I've been selling on EBay long enough to know 1 thing. When I'm not listing, I'm not selling. As soon as I start to list (even a couple of items), my phone starts to chaaaaa-chiiiing!! I'm 1,000% convinced of that!!!
Ive gone a week with no sales because I have no listed in a week. As soon as I spend a sunday listing like 20 - 30 items next monday I have crazy sales of new and stale listings! Suddenly super busy trying to ship out 10-15 items. 😂
Thanks for the help! After taking your advice I updated my listings and doubled my impressions within the next two days! Your 100% correct on this! Thanks! - From Aurora, IL
Interesting you've been a huge help over the years been full-time for 5 yrs on ebay, Mercari and Zon currently have 2 ebay stores with around 2500 items with a cog sold about $38-42. I'm 100% solo in the biz. Been promoting since Nov. With drop down sales with both stores up 35%. Maybe I'll try this out on smaller store next month time to start promoting again, ty for everything you do to help out us young bucks.
Part time seller here, just followed your advice and made changes to my 35 listings, sold 5 items this past weekend on items that have been listed for over 6 months and stale. Thanks for the advice.
One thing you have to note Pete, if you are selling items around your house to get rid of death piles from accumulation throughout your life, you are not responsible for income taxes owed the same as having a garage sale. This per my CPA as I asked specifically about this because I thought to myself, why am I claiming and paying taxes as a business on 30 year old stuff I already own? It's one thing if buying it as a business to resell, I get that, but not my old junk. And the short answer was the garage sale clause. Of course Uncle Sam always wants into your pocket and it's not right in the multitude of times they tax us on the same thing. Thanks for the video, as always it was good!
@Ren Zenith I don't know that. What I said was the garage sale clause applies as of now according to my accountant for selling accumulated items you own over your lifetime.
You are rite, making those changes kick-start something on the ebay system. But I use a trick, that seems to do the same thing with a bunch less work and also rotates inventory out much quicker. When we list an item it sits for 30 days, as is. If it doesn't sell, on the first of the following month we will promote that listing at a 5% Discount (under the Marketing Tab/Sales Markdown) for that item and all other items from that previous month. We schedule that Promotion to run that full month (1-31st), and the following month the discount goes up another 2% for remaining items in that group, and so on. We label each months promotion with the name of the month (Example-"November"), so all we have to do is go into promotions, click "Reactivate" on the 1st of every month with that extra 2% discount. Every-time that happens, and that little discount gets applied, it resets that Algorithm just enough to kick start sales, and also continually lowers the price so things don't sit. We also use "Promoted Listings" on all items at a 1.5% Add rate (Don't confuse that with the Sales markdown above). This also pumps up your listings in the search results, and at 1.5% the extra fee's to ebay is fairly insignificant (compared to the 5-20% ad rate the default would like you to pay). Top Rated Sellers also get some of those ad fee's back on your invoice. Heres also a big one for you, I see you have nearly 1000 items eligible to "Send Best Offers". Wait until a Friday afternoon (Payday), and send a 5% discount offer to all 1000 (those are folks who added the item to their "Watch List"). I would guess you will have around 50-75 sales within 24 hours from those offers alone. Then, do that every Friday afternoon from then on, as they build back up (I actually do it every morning). It does two things, it reintroduces that item to the buyer who may have already forgotten about it, and also possibly lowers the price just enough to catch the buyers "Buy Price".
This is true. I drop the prices on old listings every now and then and a handful of the listings with slight price drops start selling. The algorithm really does take into account any change it seems.
Pete - couldn't agree more with this - I have a routine where I look at stock that hasn't sold after 6 months and sometimes I spend a week going through my whole store tweeking price, photos and title - it works. I NEVER promote - promoting is like paying for the tweek!
that's brilliant info on ebay i have been tweaking my inventory and yes it does make a lot of difference to the sales almost instantly you do get sales ebay is an animal that constantly needs feeding if you can't it just starts to go lethargic and then stagnates so uploading as you know is the other must to keep it running, and also another trick i use is take everything down and relist everything in ( bulk ) via the ebay software all this helps boost your sales and the biggest of all is good wording in the description and good photo's love the channel keep up the good videos cheers
Hi Pete a pleasure to watch your videos. I am from Denmark and sell a little on Ebay. After pandamia and ebay started taking tax automatically from buyer, sales have gone down. However, I sell on a platform in Denmark that has been owned by Ebay. I relist every day and it helps. Funny as you say, things you've had for 6 months + sell the next day after relisted. greeting from viewer, in little Denmark
I was thinking my sales were dead, but I haven't fiddled with my inventory in 3-4 weeks. You just told me what I've been thinking I need to do. Thank you for the kick in the butt😊.
Thanks for the insights. This confirms what I suspected late last summer when I decided to pull the plug on our activity. Ebay just like YT, want their algorithm prodded into action. I had taken down much of our aged listings earlier. I relisted those aged listings along with backlog we had not previously listed. The result was percentage of sales-wise; we got more individual views, more watching views and more sales. However, *not enough* sales to keep a fledgling effort, with disparate skus afloat. Overall it was a great learning experience for the two years we were involved but a net loss overall. Much of that loss was due to learning, plus monthly account fee. That is part of the game. 👍
@@LifeHackRedone Same here. I had the worst sales month in 3 years in February, Changed nothing, did nothing and sales went 400% up in March. Has to be stimulus.
@ yes it helps a little bit. In recent cases as literally everyone has said the big jumps are almost purely because of stimulus money people are throwing around it is common sense I mean people can think they are doing something magically or great with there store but the people who deal in reality know it's a bunch of people who didn't need extra money now spending that money plain and simple
I've heard this before too, and it's always talked about in very unscientific, very vague terms. I'm not yet convinced that the eBay algorithm "likes more activity". Pete did not convince me in this video that tweaking old item descriptions boosted his sales. His sales can still be attributed to coincidence. He said a few videos ago that many of his items disappeared from eBay completely and he relisted them in the last 2 weeks.
What I’ve been doing is ending my listings after 2-3 months and then I sell similar. Keep the photos or maybe add some new ones. Maybe edit description a bit and/or change a few words in the title. This way it shows as a new listing and I’ve noticed this really helps!!! Thanks for the videos Pete!!!!
Fewer sellers can mean less competition, but it can also mean less variety, and less of a chance of a listing with that rare item someone is looking for. If those buyers leave the marketplace, you will have a harder time selling niche items. Part of what makes eBay great is that it's not Amazon, and a big reason it is not Amazon is because of these niche items, and the niche sellers who may not sell much individually, but in aggregating give a robustness to the marketplace for those rare items that only one or a few people may be looking for.
Thanks Pete. Making those sorts of adjustments periodically is something people have been arguing about for years as to whether or not it gives listings a "boost". Seems to work at times, other times, it doesn't. Very happy it gave you a spike!
i do this every couple of months with the dead stock at the bottom of my active listings page, it does get a push up. Feed the algorithm, and it will lift the listing.
I totally agree that tweaking listings helps the sell-ability, however, the largest stimulus in any of our lifetimes is hitting bank accounts too. That is helping sales too! But taking an old listing and ending and doing “sell similar” definitely helps sales!!!
100% agree with this! Everytime I go in and bulk edit listings the store gets a lil boost. Normally I bulk edit things like increase the price by 1% on the whole inventory or large parts of it. Also agree with you about casual sellers being nudged out when they have to start giving their details to keep their accounts going!
I learn in 6/2020 that ending all listings....when i went on vacation...and then relisted all items when i returned....Wow, did i have a lot of sales!!! Ending and Relisting brings your items to the top.
Thank you Pete for all the great information that you give us, you have a huge following and I’m sure that it will continue to grow. Your videos are addicting and so much fun to watch. You have a great personality and you’re very honest with your customers. I hope to come to your store one day and meet you personally. Can you give us an update on your friend Adrian, I don’t know where to go to look up his site, I hope he’s doing well. Also enjoy seeing Vicky,Ryan,Ruby and Honey.😀
I will apply your recommendations. Thank you! Mine isn’t a business so much as it’s downsizing our household and the older generation’s hoarders. And, I’m going to love moving through things!
@@martinmang1 When people get stimulus it is likely they will purchase that item they have had their eye on for months in some cases, ask me how I know. My sales also spiked immediately after the first wave of stimulus payments were dispersed and I did move inventory that was not recently listed.
One of my best scores was walking into a random thrift store while my wife and daughter shopped at ulta makeup 💄 store near by. I found a large commercial epson photo printer 🖨 new in the box. Paid $40 for it and sold it for $700 on ebay with free shipping. I paid UPS about $50 to ship it. Sold it in 15 minutes after listing it on ebay. At first my wife was not happy that I suddenly had a large box loaded up in her small suv. But was thrilled when I showed her the big potential which paid off very well and fast.
Returns and scammers has what has doubled on my eBay sales. I've been a seller since 1999 on eBay and it's the worst in a long time. I had a Bose radio for parts and no returns. Ebay accepted the return and I had to pay return shipping. I can almost guarantee I will get back a different radio or parts removed. Ebay also had "guaranteed" delivery and recently removed it because sellers were getting hammered by buyers from "guaranteed" delivery dates that sellers never even promised. Ebay is trying to be like Amazon all at the cost of sellers. Between Mercari and Poshmark, eBay is slowing dying for me.
While as a full timer I may benefit from small sellers dropping out I always find it very frustrating that the US government discourages its citizens from entrepreneurial efforts or even the drive to make a few extra dollars for their family. Self employment and side hustles should be lauded, not punished.
Hi Pete, I think that I would always rotate my stock on eBay as it promotes the stock, it is time-consuming but well worth the effort, glad you make the effort in doing that now, and you've clicked the switch to turn the profit.
While ending and sell similiar may help the actual 'new item' get to the top, I found it was bad for my sell thru % to end listings w/ no sale overall. Doing in mass caused silent throttling to my overall store, now I try to only end listings when they sold out of stock. I've had better luck editing my old listings to 'fix them' and get them sold. Updating the custom SKU also bumps in search, so we always edit that field when we perform inventory audits (FYI they also just added that feature to non-store accounts this Spring Update). Watch and see when you put a custom SKU on an old stale item, it tells the algorithm if it sells the item that you likely know where it is! There is probably a high correlation the algorithm recognizes with old buried & stale items selling, no SKU # and lost item / out of stock seller cancellations.
I apologize but I left the video a little early to go check out your website. 🙂 also just used maps and discovered you're only 3.5 hours from where I live here in Iowa. Roadtrip!
I can't believe you didn't know that about not only Ebay but most all sales sites I sell gold and silver jewelry and this happens too !!! Good thing you figured it out !!
It does work. Also remember people are getting stimulus checks as well. As for managed payments I will move all online sales to another bank account so eBay can not access my personal accounts directly. With eBay's new rules and charges for disputes ($20) I do not want them within 100 miles of our personal accounts.
You are my doppelganger. I have had a few friends ask me to check your channel out as we look very very similar. Nice to meet you. Darren from Scotland.
I'm not sure HOW true this is. I have a small inventory from 80 to 150 +/- and always tweak and end/relist at 30 days. The only time I see an up swing is if that is done on a Thurs/Fri and is seen as a new listing for weekend traffic. I've had great listings , pricing and promotions on items where more costly items from others have sold over mine.
EBAY loves TLC you are a very kind selfless man l so apppreciate your generosity you work hard you love your family including fur and feather baby's if more people were like you wow what a world this would be THANK YOU SO MUCH
To elaborate - BUYERS are NOT eBays customers, SELLERS ARE eBay customers. No buyer pays a dime to ebay - The sellers do. When eBay looses 15% of its sellers, it may react by imposing additional policies who's effect will be to drive listings into competing platforms. I called eBay and thanked them for giving me the impetus to cross list elsewhere which has increased my profits and sales. I informed eBay that every item listed belongs to ME, not them, and that I am their customer, not 'their' buyers. I then took the rep down a list of canceled listings that sold elsewhere, multiplied the value of those sales by .12 (12%) and said "this how much more profit I earned and how much your policies have cost you in the last 30 days. Thank you!" Not that my feedback reached anybody that makes a difference... but it still felt redeeming 🤗 to congratulate them for their 'help' Did you know that shopify will manage your cross listings to multiple platforms for you while giving you an additional platform to drives sales on? Check it out! Thank you again eBay for making me check my options. eBay seller update - Its time to expand your horizons.
Pete, you are right about the minor changes kicking up the algorithm, it shows you are an active seller and wanting to increase your sales, and eBay likes that, and good SEO. I did this long before stimulus checks went out. I'm a power seller and have sold on eBay for 25 years (yes since the beginning). Yes I've been upset with some of their changes and prices, but have pressed on. However, the managed payments is where I'm drawing the line, not because it's eBay's Payment system. But because of the lies and mistrust placed within the system. Most people DO NOT READ ALL THE FINE PRINT - They make it seam like "managed payments" are managed by eBay - they are not - it's managed by a Swiss (ebay's swiss bank account) company, which is also funded by an Asia company. In the process of signing up, you not only give them you SSN, but also the SSN of your beneficiary, and your bank USER NAME AND PASSWORD (yes that's in addition to routing and account number), and POWER OF ATTORNEY over your bank account, and you sign over the right that they are not responsible if anything goes wrong (ID theft etc.). It has hurt my sales, but I can delete items that have not sold, I can't edit anything, or add any new listings. I'm converting to my own website, and FB Marketplace, as FBM now offers ability to ship in the USA, and only charge 5%. As for the income, yes you are suppose to report your income (and I always have), and prior to the recent Covid bill, you could earn $20,000 before eBay, Paypal and other 3rd party vendors were required, now it's $600. I'm not an attorney or tax advisor, I'm just sharing my experience, and what I've read or heard from other eBay sellers.
Pete- please know I am a loyal watcher but rarely comment due to simply not taking time out to do so, but always give my support with at least a thumbs up. I had to comment on this one. I am going to try to do this process and see what happens. Promoted listings are cutting into my profits! I was forced to switch to managed payments about 5 months ago. I had one issue but overall pretty smooth sailing. I have always reported my earnings no matter how low, but I know hobby sellers don’t. Is it fair? I don’t know because they already paid taxes when they purchased items originally. I agree, I think they are trying to weed out the small sellers for sure. Any plans for another Reseller Rally? It’d be good to reconnect with everyone in person again!
Another thing that works great is to actually send offers by clicking on the "Listing eligible to send offers". Just do a 1% to 5% is enough to bring the listings up and get sales. I started doing this and my old inventory started selling again. The funny part of it was I was selling the things at full price meaning the person receiving the offer was not buying the items.
Not only does the eBay manage payment system send information to the IRS, it also helps prevent fraud and scams because every seller needs to input their personal information. This will be better for eBay in the long run for marketing and a safe place to do business.
I would agree. Purchased some TI-84 Plus before the holiday season, listed them, and priced them correctly. They should have sold within 72 hours tops. Noticed they were still in my inventory last month, which made no sense as these are ALWAYS a quick flip. So I made slight edits to either the title or condition description, and all of them sold with 48 hours of these changes.
Because of the stimulas, check your impressions from one day to another including looking at views by scrolling over the impressions and seeing ups and downs. You might have an increase of impressions (stimulas) but check the views. If your organic impressions are steady (vs. promoted) and your views are up BUT your conversion rate to click thru is same as before..... either your price is wrong, shipping is too high or not free... etc. Ebay loves their promoted listings. 3 to 1. Tweek tweek tweek like Pete says. He is correct.
YES!!!! absolutely. I went through most of my listing 2 weeks ago and until i just saw this i was wondering, "why is all my old stuff selling so much in past 2 weeks?" there you go, thats why!!
I started ending mine and just relist them, since they're giving me all those extra free listings I can't possibly use anyway, that way they show up as "newly listed" and I actually noticed more sales of old stuff .. anyway thanks for the video, I love that cat and sneaky bird
You should try this again in a few months and see if it works after tax refunds and Stimulus checks aren't in the picture. So it is hard to say how much is your tweaking and how much is that billions of dollars just got released into the economy.
Your starting to sound like Walmart or Costco. Push the little guy out. Some people sell for fun and have interesting and needed items that the big sellers don’t have. In the end I think people will head to places like Amazon and skip EBay because the big sellers on EBay will have to raise there prices because EBay will need to make up the 15% loss of the little guy leaving. Just my opinion.
Ebay will always be around .......70% of buyers are between ages of 35-70 years old....... people will always be buying vintage or nostalgic things or impulse buying....or collecting..... things you simply cant find on amazon. although i agree amazon is about to take over the world.....probably make walmart shut down.
E-Bay will still serve as a collectible and rare items platform so what Pete is saying is good news for those that sell these type of items. Pete's statement may come across as harsh but he is just stating the facts which I clearly understand.
It does sound pretty greedy the way he’s excited about pushing the small casual sellers out. Some people do it to supplement their meager social security or retirement benefits. Also they usually sell unique stuff that doesn’t have much competition.
I was told that part of the last stimulus bill they dropped the threshold of giving out 1099 forms from $20,000 annual sales and 200 sales to just $600 annual sales. This will force small fry out who may not have been reporting the income and keeping expense records. This takes effect this year as I understand it. I feel sorry for anyone who lost their job during covid and scraped together a few dollars selling on Ebay to keep the wolf from the door and now is going to be socked for taxes they weren't ready for.
Ebay doesn't ask for your whole social security number, just the last 4 digits. And your sales are only reported to IRS if you sell more $10,000 in a year. I don't like the fact that they no longer take PayPal though. I would always get promotional offers like extra Ebay bucks (which Ebay is ending soon) or no interest financing through PayPal credit (I liked making a large purchase and take my time paying it off. )
That’s really funny you made this video because I actually started doing this 2 days ago and my sales went really high all I did was fill in item description I think nobody was seeing my adds my store is great
In February I did an "End and Relist" of nearly all of my 900 items. Like you with your chart there I saw Immediate results. However, doing so I had to pay more in listing fees in my premium store. Now, with the free listings increasing to 100,000 per month for a premium store I will be able to end and relist as much as I want and not have to pay more for going over my free listing limit. I also believe as you that "tweaking" a listing raises it in the algorithm. However, I also believe that the new stimulus has given our buyers more cash for buying our stuff. So I think part of recent gains in sales are partially due to that. I wonder if there is a way to separate the sales gains from American buyers and Foreign buyers - Since foreign buyers did not get a stimulus it would be interesting to see if sales to them increased as well.
Thank you for the tips! I just made a eBay page over a week ago and nothing has sold. I was hacked right away. I know now what Not to do lol I will follow you more closely now😁
I am a casual seller. I sell maybe one item every few months. I am on managed payments. I make less $30 at any one time. I am staying on eBay. Neat video.
Algorithms Smalgorithm's..😂 Glad to see business is booming Pete.. Gr8 video and content it's kinda like ebay is weeding out all the non-believer's and those who don't want to play fair and square..😂😢😥😭 Well done sir.. Stay safe all..👍💕🔥⚾😷
I know this is from a year old video but seems no one goes in to the comments on those. VCR problems is not always the machine sometimes cables are incompatible with newer T.V.s. I ran in to this on a couple of VCR.s. I bought a newer set of cables boom it worked. But the old cables worked on an older T.V. with the same VCR. I don't know if there is some info out there that could help determine if it is cable compatibility?
I am based in the UK and am classed as a casual seller as you defined. This month I netted after postage £176.00. The UK rules are that all eBay personal sales after cumulative £1000 are taxable. However ebay has not been asked to collect social security numbers. Or as we call them in the UK - NI number or National Insurance No. Good luck with that 😕
Thank you for this information Pete! In regards to the IRS reporting by eBay, they will probably handle it like SQUARE Register, $10K + reporting, less not worth accounting time, as they are already collecting taxes on all sales. Your thoughts?
I’m a very small time lister...when I switched over I did a bit of research and you are correct, although the form will be generated you will not have to report if under $10,000
@@sandrabentley8111 Hey Sandra, I use Square and nothing under $10k 1099'd, I do have a retail business w/ reseller # w the state. So in Texas as an individual we are obligated to report garage sales over $2600.00 only. I don't know where you are or requirements, Square doesn't report over 10K
A simple edit on price or unlist and relist has gone a long way for us. Even going into vacation mode for some reason has been a help when it comes to attracting more offers and sales. Love the videos thanks !
For those saying this is because of the stimulus, I had 750 (1 year old+) items listed in my eBay store pre-pandemic summer... I ended all of those listings and did “sell similar” while tweaking each listing... and my sales tripled. It definitely makes a huge difference!!!
Well said and the truth!
Drew D, I tried that and it said I already had a listing for that item, what did I do wrong, I have done " sell similar" before.
@@dorisgarner2541 You have to end the item first. Then go into Unsold items and click sell similar from there.
Why do you have to end the item furry? Can’t you just go into the current listing and tweak the item description? (Newbie here)
@@grinchlette For whatever reason, the major resellers on TH-cam say to end listing and sell similar. I do that and it seems to work. Just tweaking an existing listing seems to not work! Also, try doing free shipping if you can estimate it on stagnate items... sometimes I find eBay’s internal system messes up calculated shipping! Not all of the time but sometimes!
Your sales graph is tracking with stimulus money disbursements.
Not that feeding the algorithm doesn't help, but I still feel like you've omited the context of stimulus.
I’m sure it’s a combo of other things too but I agree.
I had similar sales in same time period.
Yep, I’ve noticed this too. Any tweak makes it look like your listing is more active. Thanks for showing the data backing this up. I tweak once a week because of this.
I've been selling on EBay long enough to know 1 thing. When I'm not listing, I'm not selling. As soon as I start to list (even a couple of items), my phone starts to chaaaaa-chiiiing!! I'm 1,000% convinced of that!!!
No doubt same thing for me. I can go 3 days with no sales and as soon as I start to list I sell like 4 things. I thought it was just coincidence.
Ive gone a week with no sales because I have no listed in a week. As soon as I spend a sunday listing like 20 - 30 items next monday I have crazy sales of new and stale listings! Suddenly super busy trying to ship out 10-15 items. 😂
@@Arroyoruiz - AMEN👍👍👍👍
yup me too so i will just drop the price a few cents and get sales
Thanks for the help! After taking your advice I updated my listings and doubled my impressions within the next two days! Your 100% correct on this! Thanks! - From Aurora, IL
Yes. I’m a very part time seller. Any time I list items or tweak an post, I get sales.
Interesting you've been a huge help over the years been full-time for 5 yrs on ebay, Mercari and Zon currently have 2 ebay stores with around 2500 items with a cog sold about $38-42. I'm 100% solo in the biz. Been promoting since Nov. With drop down sales with both stores up 35%. Maybe I'll try this out on smaller store next month time to start promoting again, ty for everything you do to help out us young bucks.
Part time seller here, just followed your advice and made changes to my 35 listings, sold 5 items this past weekend on items that have been listed for over 6 months and stale. Thanks for the advice.
One thing you have to note Pete, if you are selling items around your house to get rid of death piles from accumulation throughout your life, you are not responsible for income taxes owed the same as having a garage sale. This per my CPA as I asked specifically about this because I thought to myself, why am I claiming and paying taxes as a business on 30 year old stuff I already own? It's one thing if buying it as a business to resell, I get that, but not my old junk. And the short answer was the garage sale clause. Of course Uncle Sam always wants into your pocket and it's not right in the multitude of times they tax us on the same thing. Thanks for the video, as always it was good!
@Ren Zenith I don't know that. What I said was the garage sale clause applies as of now according to my accountant for selling accumulated items you own over your lifetime.
You are rite, making those changes kick-start something on the ebay system. But I use a trick, that seems to do the same thing with a bunch less work and also rotates inventory out much quicker. When we list an item it sits for 30 days, as is. If it doesn't sell, on the first of the following month we will promote that listing at a 5% Discount (under the Marketing Tab/Sales Markdown) for that item and all other items from that previous month. We schedule that Promotion to run that full month (1-31st), and the following month the discount goes up another 2% for remaining items in that group, and so on. We label each months promotion with the name of the month (Example-"November"), so all we have to do is go into promotions, click "Reactivate" on the 1st of every month with that extra 2% discount. Every-time that happens, and that little discount gets applied, it resets that Algorithm just enough to kick start sales, and also continually lowers the price so things don't sit. We also use "Promoted Listings" on all items at a 1.5% Add rate (Don't confuse that with the Sales markdown above). This also pumps up your listings in the search results, and at 1.5% the extra fee's to ebay is fairly insignificant (compared to the 5-20% ad rate the default would like you to pay). Top Rated Sellers also get some of those ad fee's back on your invoice. Heres also a big one for you, I see you have nearly 1000 items eligible to "Send Best Offers". Wait until a Friday afternoon (Payday), and send a 5% discount offer to all 1000 (those are folks who added the item to their "Watch List"). I would guess you will have around 50-75 sales within 24 hours from those offers alone. Then, do that every Friday afternoon from then on, as they build back up (I actually do it every morning). It does two things, it reintroduces that item to the buyer who may have already forgotten about it, and also possibly lowers the price just enough to catch the buyers "Buy Price".
This is true. I drop the prices on old listings every now and then and a handful of the listings with slight price drops start selling. The algorithm really does take into account any change it seems.
I have no recollection of when or how I started watching this channel. But I love it. Hello from Ohio.
Here's how you increase sales:
End stale listings and relist... Period!
Pete - couldn't agree more with this - I have a routine where I look at stock that hasn't sold after 6 months and sometimes I spend a week going through my whole store tweeking price, photos and title - it works. I NEVER promote - promoting is like paying for the tweek!
Hey Pete with you doing this I was able to find all those Invicta watches you had. Can't wait to get it. Thank you btw and keep up the hard work.
Wow, congrats on over 200K followers!
that's brilliant info on ebay i have been tweaking my inventory and yes it does make a lot of difference to the sales almost instantly you do get sales ebay is an animal that constantly needs feeding if you can't it just starts to go lethargic and then stagnates so uploading as you know is the other must to keep it running, and also another trick i use is take everything down and relist everything in ( bulk ) via the ebay software all this helps boost your sales and the biggest of all is good wording in the description and good photo's love the channel keep up the good videos cheers
Pete- You are standing up guy!
We appreciate you!
That Honey and Ruby shirt is gorgeous! If I lived near Clear Lake I would be dropping by the Trading Post to visit those darlings.
Hi Pete a pleasure to watch your videos. I am from Denmark and sell a little on Ebay. After pandamia and ebay started taking tax automatically from buyer, sales have gone down. However, I sell on a platform in Denmark that has been owned by Ebay. I relist every day and it helps. Funny as you say, things you've had for 6 months + sell the next day after relisted. greeting from viewer, in little Denmark
I was thinking my sales were dead, but I haven't fiddled with my inventory in 3-4 weeks. You just told me what I've been thinking I need to do. Thank you for the kick in the butt😊.
i had no idea pawn shops make good money like that, sure being active on ebay helps very much, especially with covid. amazing pete!
Thanks for the insights. This confirms what I suspected late last summer when I decided to pull the plug on our activity. Ebay just like YT, want their algorithm prodded into action. I had taken down much of our aged listings earlier. I relisted those aged listings along with backlog we had not previously listed. The result was percentage of sales-wise; we got more individual views, more watching views and more sales. However, *not enough* sales to keep a fledgling effort, with disparate skus afloat. Overall it was a great learning experience for the two years we were involved but a net loss overall. Much of that loss was due to learning, plus monthly account fee. That is part of the game. 👍
You doubled sales cause of the stimulus checks Pete, not cause of the algorithm LOL :D
Exactly!! It happened to me too, and I changed NOTHING in my listings.
it's a little of both
@ it's mostly all stimulus my store the same way it almost doubled with changing nothing so no special algorithm. That is fake news lol
@@LifeHackRedone Same here. I had the worst sales month in 3 years in February, Changed nothing, did nothing and sales went 400% up in March. Has to be stimulus.
@ yes it helps a little bit. In recent cases as literally everyone has said the big jumps are almost purely because of stimulus money people are throwing around it is common sense I mean people can think they are doing something magically or great with there store but the people who deal in reality know it's a bunch of people who didn't need extra money now spending that money plain and simple
I heard this before. the algorithm needs to be provoked into coming alive
Exactly!
I've heard this before too, and it's always talked about in very unscientific, very vague terms. I'm not yet convinced that the eBay algorithm "likes more activity". Pete did not convince me in this video that tweaking old item descriptions boosted his sales. His sales can still be attributed to coincidence. He said a few videos ago that many of his items disappeared from eBay completely and he relisted them in the last 2 weeks.
People just got stmulus money , hence shopping on ebay
@@marlton101 You Nailed Maryanne......
@@marlton101 yeh but they're buying 80" TV's
What I’ve been doing is ending my listings after 2-3 months and then I sell similar. Keep the photos or maybe add some new ones. Maybe edit description a bit and/or change a few words in the title. This way it shows as a new listing and I’ve noticed this really helps!!! Thanks for the videos Pete!!!!
Fewer sellers can mean less competition, but it can also mean less variety, and less of a chance of a listing with that rare item someone is looking for. If those buyers leave the marketplace, you will have a harder time selling niche items. Part of what makes eBay great is that it's not Amazon, and a big reason it is not Amazon is because of these niche items, and the niche sellers who may not sell much individually, but in aggregating give a robustness to the marketplace for those rare items that only one or a few people may be looking for.
Thanks Pete. Making those sorts of adjustments periodically is something people have been arguing about for years as to whether or not it gives listings a "boost". Seems to work at times, other times, it doesn't. Very happy it gave you a spike!
Great information. As a casual seller, I wondered about the ramifications of this change.
I'm not in the business but, I enjoy your content and the info you pass is very interesting. Of course, your crew is fantastic!
So happy to see you again. Love the video
Thanks Pete, I've watched you for years and I have learned so much.
i do this every couple of months with the dead stock at the bottom of my active listings page, it does get a push up. Feed the algorithm, and it will lift the listing.
I want a bumper sticker that says "Feed the Algorithm"
I totally agree that tweaking listings helps the sell-ability, however, the largest stimulus in any of our lifetimes is hitting bank accounts too. That is helping sales too! But taking an old listing and ending and doing “sell similar” definitely helps sales!!!
100% agree with this! Everytime I go in and bulk edit listings the store gets a lil boost. Normally I bulk edit things like increase the price by 1% on the whole inventory or large parts of it. Also agree with you about casual sellers being nudged out when they have to start giving their details to keep their accounts going!
I learn in 6/2020 that ending all listings....when i went on vacation...and then relisted all items when i returned....Wow, did i have a lot of sales!!! Ending and Relisting brings your items to the top.
I've learned a lot from You, Lonnie, Kevin and Tommy about Ebay. Thank you so much for helping with my business
Great advice. Thank you for sharing this video. Congrats on all your sales
How generous of you to share. Thank you
Thank you Pete for all the great information that you give us, you have a huge following and I’m sure that it will continue to grow.
Your videos are addicting and so much fun to watch. You have a great personality and you’re very honest with your customers. I hope to come to your store one day and meet you personally. Can you give us an update on your friend Adrian, I don’t know where to go to look up his site, I hope he’s doing well. Also enjoy seeing Vicky,Ryan,Ruby and Honey.😀
Black Swan is the name of his boat. He has You Tube channel of the same name. Or 'Sailing black Swan' something like that.
I will apply your recommendations. Thank you! Mine isn’t a business so much as it’s downsizing our household and the older generation’s hoarders. And, I’m going to love moving through things!
It definitely works!!
Pete, sorry to burst your bubble. But sales last week have increased tremendously because stimulus. I sold tons of stagnant inventory
Not true. If that were the case he would be selling new inventory not older items that havent sold in the long time
@@martinmang1 When people get stimulus it is likely they will purchase that item they have had their eye on for months in some cases, ask me how I know. My sales also spiked immediately after the first wave of stimulus payments were dispersed and I did move inventory that was not recently listed.
@@thewonderyearstoys1047 I have experienced the same thing at Pete when it comes to old invatory
One of my best scores was walking into a random thrift store while my wife and daughter shopped at ulta makeup 💄 store near by. I found a large commercial epson photo printer 🖨 new in the box. Paid $40 for it and sold it for $700 on ebay with free shipping. I paid UPS about $50 to ship it. Sold it in 15 minutes after listing it on ebay. At first my wife was not happy that I suddenly had a large box loaded up in her small suv. But was thrilled when I showed her the big potential which paid off very well and fast.
Returns and scammers has what has doubled on my eBay sales. I've been a seller since 1999 on eBay and it's the worst in a long time. I had a Bose radio for parts and no returns. Ebay accepted the return and I had to pay return shipping. I can almost guarantee I will get back a different radio or parts removed. Ebay also had "guaranteed" delivery and recently removed it because sellers were getting hammered by buyers from "guaranteed" delivery dates that sellers never even promised. Ebay is trying to be like Amazon all at the cost of sellers. Between Mercari and Poshmark, eBay is slowing dying for me.
While as a full timer I may benefit from small sellers dropping out I always find it very frustrating that the US government discourages its citizens from entrepreneurial efforts or even the drive to make a few extra dollars for their family. Self employment and side hustles should be lauded, not punished.
Hi Pete, I think that I would always rotate my stock on eBay as it promotes the stock, it is time-consuming but well worth the effort, glad you make the effort in doing that now, and you've clicked the switch to turn the profit.
While ending and sell similiar may help the actual 'new item' get to the top, I found it was bad for my sell thru % to end listings w/ no sale overall. Doing in mass caused silent throttling to my overall store, now I try to only end listings when they sold out of stock. I've had better luck editing my old listings to 'fix them' and get them sold. Updating the custom SKU also bumps in search, so we always edit that field when we perform inventory audits (FYI they also just added that feature to non-store accounts this Spring Update). Watch and see when you put a custom SKU on an old stale item, it tells the algorithm if it sells the item that you likely know where it is! There is probably a high correlation the algorithm recognizes with old buried & stale items selling, no SKU # and lost item / out of stock seller cancellations.
I apologize but I left the video a little early to go check out your website. 🙂 also just used maps and discovered you're only 3.5 hours from where I live here in Iowa. Roadtrip!
I can't believe you didn't know that about not only Ebay but most all sales sites I sell gold and silver jewelry and this happens too !!! Good thing you figured it out !!
I got my stimulus on Friday the 13th ! & immediately started ordering on line.
It does work. Also remember people are getting stimulus checks as well. As for managed payments I will move all online sales to another bank account so eBay can not access my personal accounts directly. With eBay's new rules and charges for disputes ($20) I do not want them within 100 miles of our personal accounts.
Very interesting...great video Pete!
🇨🇦
Thank you for the information. When I get listings on Ebay going, I will remember this.
Pete, thank you for this video. You always give us great advise and information. You are top notch!
You are my doppelganger. I have had a few friends ask me to check your channel out as we look very very similar. Nice to meet you. Darren from Scotland.
I'm not sure HOW true this is. I have a small inventory from 80 to 150 +/- and always tweak and end/relist at 30 days. The only time I see an up swing is if that is done on a Thurs/Fri and is seen as a new listing for weekend traffic. I've had great listings , pricing and promotions on items where more costly items from others have sold over mine.
The easiest thing to change is the price, up or down. That way you can use the edit tool and do up to 200 changes quickly in the spreadsheet format.
EBAY loves TLC you are a very kind selfless man l so apppreciate your generosity you work hard you love your family including fur and feather baby's if more people were like you wow what a world this would be THANK YOU SO MUCH
I think if that happens and ebay loses 15% of there customers they will raise something to make up for it it might hurt you in the long run
To elaborate - BUYERS are NOT eBays customers, SELLERS ARE eBay customers. No buyer pays a dime to ebay - The sellers do.
When eBay looses 15% of its sellers, it may react by imposing additional policies who's effect will be to drive listings into competing platforms.
I called eBay and thanked them for giving me the impetus to cross list elsewhere which has increased my profits and sales. I informed eBay that every item listed belongs to ME, not them, and that I am their customer, not 'their' buyers. I then took the rep down a list of canceled listings that sold elsewhere, multiplied the value of those sales by .12 (12%) and said "this how much more profit I earned and how much your policies have cost you in the last 30 days. Thank you!" Not that my feedback reached anybody that makes a difference... but it still felt redeeming 🤗 to congratulate them for their 'help'
Did you know that shopify will manage your cross listings to multiple platforms for you while giving you an additional platform to drives sales on? Check it out! Thank you again eBay for making me check my options. eBay seller update - Its time to expand your horizons.
Pete, you are right about the minor changes kicking up the algorithm, it shows you are an active seller and wanting to increase your sales, and eBay likes that, and good SEO. I did this long before stimulus checks went out. I'm a power seller and have sold on eBay for 25 years (yes since the beginning). Yes I've been upset with some of their changes and prices, but have pressed on. However, the managed payments is where I'm drawing the line, not because it's eBay's Payment system. But because of the lies and mistrust placed within the system. Most people DO NOT READ ALL THE FINE PRINT - They make it seam like "managed payments" are managed by eBay - they are not - it's managed by a Swiss (ebay's swiss bank account) company, which is also funded by an Asia company. In the process of signing up, you not only give them you SSN, but also the SSN of your beneficiary, and your bank USER NAME AND PASSWORD (yes that's in addition to routing and account number), and POWER OF ATTORNEY over your bank account, and you sign over the right that they are not responsible if anything goes wrong (ID theft etc.). It has hurt my sales, but I can delete items that have not sold, I can't edit anything, or add any new listings. I'm converting to my own website, and FB Marketplace, as FBM now offers ability to ship in the USA, and only charge 5%. As for the income, yes you are suppose to report your income (and I always have), and prior to the recent Covid bill, you could earn $20,000 before eBay, Paypal and other 3rd party vendors were required, now it's $600. I'm not an attorney or tax advisor, I'm just sharing my experience, and what I've read or heard from other eBay sellers.
Pete- please know I am a loyal watcher but rarely comment due to simply not taking time out to do so, but always give my support with at least a thumbs up. I had to comment on this one. I am going to try to do this process and see what happens. Promoted listings are cutting into my profits! I was forced to switch to managed payments about 5 months ago. I had one issue but overall pretty smooth sailing. I have always reported my earnings no matter how low, but I know hobby sellers don’t. Is it fair? I don’t know because they already paid taxes when they purchased items originally. I agree, I think they are trying to weed out the small sellers for sure. Any plans for another Reseller Rally? It’d be good to reconnect with everyone in person again!
The tax thing isn't just Ebay, its every platform people sell on. Laws about 1099's changed when the 3rd stimulus got passed.
Didn't know that, thank you for your comment 🙏
Stolen elections have consequences 🤫
Thanks for sharing this Pete! I’m going to try this out myself.
Another thing that works great is to actually send offers by clicking on the "Listing eligible to send offers". Just do a 1% to 5% is enough to bring the listings up and get sales.
I started doing this and my old inventory started selling again. The funny part of it was I was selling the things at full price meaning the person receiving the offer was not buying the items.
Not only does the eBay manage payment system send information to the IRS, it also helps prevent fraud and scams because every seller needs to input their personal information. This will be better for eBay in the long run for marketing and a safe place to do business.
I would agree. Purchased some TI-84 Plus before the holiday season, listed them, and priced them correctly. They should have sold within 72 hours tops. Noticed they were still in my inventory last month, which made no sense as these are ALWAYS a quick flip. So I made slight edits to either the title or condition description, and all of them sold with 48 hours of these changes.
I got a lot of stuff to sell. Thanks for the tips, and may God bless your shop.
Because of the stimulas, check your impressions from one day to another including looking at views by scrolling over the impressions and seeing ups and downs. You might have an increase of impressions (stimulas) but check the views. If your organic impressions are steady (vs. promoted) and your views are up BUT your conversion rate to click thru is same as before..... either your price is wrong, shipping is too high or not free... etc. Ebay loves their promoted listings. 3 to 1. Tweek tweek tweek like Pete says. He is correct.
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YES!!!! absolutely. I went through most of my listing 2 weeks ago and until i just saw this i was wondering, "why is all my old stuff selling so much in past 2 weeks?" there you go, thats why!!
Thank you, Pete! Great information!
I started ending mine and just relist them, since they're giving me all those extra free listings I can't possibly use anyway, that way they show up as "newly listed" and I actually noticed more sales of old stuff .. anyway thanks for the video, I love that cat and sneaky bird
Love the shirt dear sir! Great video! Fantastic information! Thanks for sharing
this is awesome info. I always thought I needed to lower price to move inventory. thanks man!
You should try this again in a few months and see if it works after tax refunds and Stimulus checks aren't in the picture. So it is hard to say how much is your tweaking and how much is that billions of dollars just got released into the economy.
Your starting to sound like Walmart or Costco. Push the little guy out. Some people sell for fun and have interesting and needed items that the big sellers don’t have. In the end I think people will head to places like Amazon and skip EBay because the big sellers on EBay will have to raise there prices because EBay will need to make up the 15% loss of the little guy leaving. Just my opinion.
Ebay will always be around .......70% of buyers are between ages of 35-70 years old....... people will always be buying vintage or nostalgic things or impulse buying....or collecting..... things you simply cant find on amazon. although i agree amazon is about to take over the world.....probably make walmart shut down.
E-Bay will still serve as a collectible and rare items platform so what Pete is saying is good news for those that sell these type of items. Pete's statement may come across as harsh but he is just stating the facts which I clearly understand.
It does sound pretty greedy the way he’s excited about pushing the small casual sellers out. Some people do it to supplement their meager social security or retirement benefits. Also they usually sell unique stuff that doesn’t have much competition.
Great content! So if I 'Revise' a listing in some way, will that be good enough? Thank you!
I was told that part of the last stimulus bill they dropped the threshold of giving out 1099 forms from $20,000 annual sales and 200 sales to just $600 annual sales. This will force small fry out who may not have been reporting the income and keeping expense records. This takes effect this year as I understand it. I feel sorry for anyone who lost their job during covid and scraped together a few dollars selling on Ebay to keep the wolf from the door and now is going to be socked for taxes they weren't ready for.
Solid content Pete! I’ll have to try the tweaks and make a video if it plays out well. Cheers 👍☘️
Ebay doesn't ask for your whole social security number, just the last 4 digits. And your sales are only reported to IRS if you sell more $10,000 in a year. I don't like the fact that they no longer take PayPal though. I would always get promotional offers like extra Ebay bucks (which Ebay is ending soon) or no interest financing through PayPal credit (I liked making a large purchase and take my time paying it off. )
That’s really funny you made this video because I actually started doing this 2 days ago and my sales went really high all I did was fill in item description I think nobody was seeing my adds my store is great
In February I did an "End and Relist" of nearly all of my 900 items. Like you with your chart there I saw Immediate results. However, doing so I had to pay more in listing fees in my premium store. Now, with the free listings increasing to 100,000 per month for a premium store I will be able to end and relist as much as I want and not have to pay more for going over my free listing limit. I also believe as you that "tweaking" a listing raises it in the algorithm. However, I also believe that the new stimulus has given our buyers more cash for buying our stuff. So I think part of recent gains in sales are partially due to that.
I wonder if there is a way to separate the sales gains from American buyers and Foreign buyers - Since foreign buyers did not get a stimulus it would be interesting to see if sales to them increased as well.
Awesome you found a way for a fair listing ground! Hopefully ebay doesn't see this and try to take it away! 👍👊
Pete, Great insight. I will give that a try and see if we get similar results. Keep the great content coming. :)
Thank you for the tips! I just made a eBay page over a week ago and nothing has sold. I was hacked right away. I know now what Not to do lol I will follow you more closely now😁
I am a casual seller. I sell maybe one item every few months. I am on managed payments. I make less $30 at any one time. I am staying on eBay. Neat video.
We will give it a try. Kerp you posted!
Algorithms Smalgorithm's..😂 Glad to see business is booming Pete.. Gr8 video and content it's kinda like ebay is weeding out all the non-believer's and those who don't want to play fair and square..😂😢😥😭 Well done sir.. Stay safe all..👍💕🔥⚾😷
Thanks Pete, great information. Going to try what you suggested. Hope it works as well as it did for you.
I know this is from a year old video but seems no one goes in to the comments on those. VCR problems is not always the machine sometimes cables are incompatible with newer T.V.s. I ran in to this on a couple of VCR.s. I bought a newer set of cables boom it worked. But the old cables worked on an older T.V. with the same VCR. I don't know if there is some info out there that could help determine if it is cable compatibility?
This definably works I been doing this for a wale and my sale are always sturdy, very good
That must be such a rush to fix a problem and capitalize off of it. Great job
Great information, where did you get the rolling wire shelving?
Cool! Thanks for the tip! So, eBay's algorithm loves being tickled!
I am based in the UK and am classed as a casual seller as you defined. This month I netted after postage £176.00. The UK rules are that all eBay personal sales after cumulative £1000 are taxable. However ebay has not been asked to collect social security numbers. Or as we call them in the UK - NI number or National Insurance No. Good luck with that 😕
Be carful for what you ask for.
End, and relist also makes a huge difference.
Thank you for this information Pete! In regards to the IRS reporting by eBay, they will probably handle it like SQUARE Register, $10K + reporting, less not worth accounting time, as they are already collecting taxes on all sales. Your thoughts?
I’m a very small time lister...when I switched over I did a bit of research and you are correct, although the form will be generated you will not have to report if under $10,000
It's $600 for 2021. They and ALL other reselling platforms have to issue a 1099 for sales over $600 as per IRS.
@@sandrabentley8111 Hey Sandra, I use Square and nothing under $10k 1099'd, I do have a retail business w/ reseller # w the state. So in Texas as an individual we are obligated to report garage sales over $2600.00 only. I don't know where you are or requirements, Square doesn't report over 10K
I do this every day by just going into edit listings and editing ALL, works too!