on 18-06-2017 10:33 PM
on 19-06-2017 8:50 AM
I just don't think most potential loft-emptyees would appreciate just how expensive selling on ebay is for starters - ebay and paypal are going to take up to or even just over 20%, depending on value. If you want to actually earn some money you'll want 20% on top, in fact I'd say probably 30% to cover packaging, losses and refunds. I can't imagine any SellYourStuff company's customers being particularly happy about paying 50% commission, but it's probably the amount you'd need to charge to make it worth bothering with.
Most sellers don't sell someone else's stuff but buy and sell - i.e. pay one price and sell for another. That is, in a nutshell, a definition of retailing. I generally aim for the worst case to be doubling my money - i.e. pay £5 and sell for £10 plus p&p, which is roughly £13 with free p&p for a small parcel allowing for ebay's take from the postage element. This may sound greedy at first, but you've got to allow for the fact that ebay and paypal will take £2 from that £10, leaving you with £3 profit. The nature of my stock and suppliers is that I have no comeback for faults and damaged goods, so I have to cover a certain proportion of this, so 30% profit is not excessive.
Nobody wants to be a busy fool - i.e. big turnover, tiny profits. Some end up that way by accident, but I'd certainly not plan to become one by selling someone else's stuff for next to nothing.
on 19-06-2017 9:04 AM
Apparently the seller gets 40% of the sale price so you could make a 20% profit.
However I don't see it as a good idea unless the seller approaches it with a cold calculating business mind and I doubt many that try it are that sort of person.
on 19-06-2017 12:06 PM
I suppose 40% is just about workable then, just as long as you're really fussy about what you sell.
I would think that most of the unwanted stuff sitting around in lofts will belong to people who don't use the internet. It looks like internet access is a requirement to use it, which should be an obvious flaw. Really, it needs TV advertising and a freephone number, perhaps with a trusted elderly celeb doing a voiceover (and a free pen for applying!).
Apparently the ebay seller must pay the goods seller within 14-16 days. That's possibly not long enough for problems to arise, so there is scope for the ebay seller to end up out of pocket.
From the FAQs...
on 19-06-2017 12:40 PM