How To Cut Your Costs Of Selling On eBay

Selling on eBay can be an expensive business if you don’t know what you are doing. Sometimes getting your bill at the end of the month can be like a slap in the face if you have been listing madly and not paying attention to how your are listing. These fees are necessary to sell on eBay because eBay do all the hard work for us by getting the traffic there and using their brand to get quality buyers ready to spend money with us:)

So today we are going to share with you 6 ways to start cutting your costs on eBay.

 

1. Host your own product photos

By hosting your images on a free image hosting website, you can embed the images into your HTML listing and stop paying photo listing fees. We use Auctiva to host our photos however there are lots of options out there like Photobucket or Image Shack.

2. Save on insertion fees for auction-format listings

By familiarizing yourself with eBay fees structure, you can really save yourself some money. $10, you will pay a 50 cent insertion fee. But if you set the reserve to $9.99, your insertion fee is only 25 cents,

3. Save on Insertion Fees for BIN listings when you have a Store.

Subscribing to a Store has many benefits including a flat insertion fee for BIN items at $0.40 for 3 days to Good Til Cancelled. Outside the Store your insertion can cost anywhere from $0.50 to $3.50.

4. Skip insertion fees for Second Chance Offers

Start using eBay’s Second Chance Offers feature to your financial advantage: If you have multiple identical items that you sell in an auction, offer all other bidders  a second chance to buy the item. When you make sales this way, you skip the extra insertion fees.

5. Explore PayPal alternatives

PayPal is without a doubt the most popular payment method on eBay however there are still a percentage of buyers who don’t have an account and prefer to pay by bank deposit. There are other alternatives out there starting to appear like Paymate which is now considered one of the options you can have other than Paypal, it is easy to set up and fees are less than Paypal.

www.paymate.com

6. Check Your End Of Month eBay Invoices

If you want to save money on eBay fees.and are serious about your eBay business, you need to have a good understanding of your costings and where your biggest expenses are each month. Don’t just pay your fees, have a look at the breakdown each month, if your invoice is up one month you need to find out why and if it was necessary to list that way, this keeps you in touch with your business and ultimately your profits.

So there you have it 6 ways to cut some costs on eBay, take a look at your eBay business and assess where you can start saving money today!

Have a profitable eBay weekend!

 

Matt & Amanda Clarkson

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