posted on January 5, 2005 03:12:32 PMYahoo! Auctions is pleased to announce a free listing day on Friday, January 7. All auctions submitted between 12:01 a.m. PT and 11:59 p.m. PT on Friday will not be subject to listing fees (other fees still apply).
Hey Ebay, at least there is one company that appreciates their sellers.
.
.
.
Alive in 2005
posted on January 5, 2005 09:33:32 PM
Here's the math...20% is not an acceptable sellthrough unless you have a very high net, or unless you only have to list a few auctions and can make a lot of money off of those. If you are listing 100 auctions and only sell 20, chances are you need to rethink your business plan. I average around 80% on my auctions, I am happy with that. I admit it has been a while since I tried Yahoo, but my sellthrough there was horrible, and then I had to deal with a higher deadbeat rate than ebay. I'd rather put stuff in my ebay store for 2 cents a month than list in auction on yahoo. Probably more traffic in my store!
posted on January 5, 2005 10:40:16 PM
What sells on Yahoo that would appeal to an IQ higher than 50?? I just went over there and looked. All I saw was was a bunch of $+!#.
Those sellers were banded from Ebay years ago. Tiffany SS junk jewelry and computer carcasses advertised as internet ready.
I agree. 20% sell thru is not enough for many sellers. At .35/listing,with a 20% STR we pay eBay $1.75/sold auction for listing fees. If you add in the paypal for 80% of the sales it adds another $.25. Thats $2 to eBay just to cover eBay and Paypal listings. Now that they don't offer Free Listing Day,which was the best way to drive down some of these costs eBay has told us that they don't care about their sellers anymore.They are a Monopoly and have dominating control of internet auctions and payment (Paypal). I think the times are ripe for a Yahoo or someone to take a shot at eBay with lower listing fees. A several month intense attack will take money,Yahoo has it. Big boys fall when they disatisfy their customers. Lots of examples in corporate America. Personally I have built a nice direct sale business so my eBay postings are more to attract CUSTOMERS than to feed eBay. An eBay store is fine until your inventory is picked over, then unless replenished with good inventory it's profits will fall as well.
posted on January 6, 2005 05:50:22 AMCONTRARY VIEW:
Ralphie & I did GREAT with the 10cent listing day! Much better than any of those FLDs which were always clogged with kaka from drones (da-best,etc)!
Spent approx. $26.00 & grossed over $1000 in sales
All of the SALES days that feeBay have run over the past 6mos have worked well for us, especially that one where FEATURED was run for 50% off ($10 instead of $20)
I hope they run loads more of these sales, and NONE of the FLDs!
OTOH: boohoo yo Yahoo -- even at $0.00, it tain't worth the moola
VISIT: Ralphie's Eclectic Garden of Earthly Delights & Swedish Marital Aids here: http://tinyurl.com/3rd5a
It depends what you sell and how many listings you put up. I posted about 4000 items. My gross was four times yours but it cost me $400 in listing fees. Last year I pocketed the $400. The math is simple for me. If they charge, I pay more in listing fees and get less profit. My sale thru rate this year was 1% higher. More customers weren't buying and it certainly didn't cover the $400 charge. Last year I listed more with more profit because I posted more low cost items. Not this year. My business model says,the cheaper the listing the more I list. As I have said before, "One size doesn't fit all" on eBay.
posted on January 6, 2005 11:35:28 AM
I never got very far with Yahoo auctions. I refused to provide info to participate in Yahoo Wallet. And even though that may have changed, they will never lure back opinionated old farts like me.
posted on January 7, 2005 07:29:21 AM
I listed over 1000 items on 10 cent listing day and sold around 50%. Made as much in one day as I usually make in a month. So I'm happy in that regard. I'm just busting my you know what to get all these orders out. I must have been insane....?
