The eBay UK Bulletin: Issue 110,
Topics in this issue:
1. eBay News: A few more changes
2. The student wears Prada
3. Just a thought
4. Ask Molly: How can I raise my limit?
Hello and welcome to this week’s edition of The eBay UK Bulletin.
Finally the second edition of The eBay Business Handbook has been written and should be in the shops in January 2009; just in time to help all those with unwanted Christmas presents make some space and beat the recession. Nick at Harriman House is currently sorting out the layout and correcting my spelling, but you can pre-order (to beat the rush!)
Christmas in the UK does seem to have started early with sales around 30% higher than this time last year, the elves are still half asleep. I will be opting for a shop on 25th September, so the elves are busy making a full inventory of stock. I think I should be around £50 per month better off and will report on any actual savings in future weeks.
If you are still subject to the trading restriction on branded items, ‘Ask Molly’ might provide some food for thought. Kids going off to Uni? Check out eBay for all their needs (except the beer) and see how I faired below.
[For details of this newsletter, please scroll down to the end.]
1. EBAY NEWS: A FEW MORE CHANGES
The only constant thing concerning eBay is change; nothing stays the same for long.
With the new pricing structure only a few days away, eBay have released a few more details
>From 25th September 2008, eBay will no longer offer the ‘Insertion Fee re-list credit’ on Buy It Now listings. This currently applies to single BIN listings and has been good to me over the years; multiple BIN listings never qualified anyway. Auction listings may still be eligible for a re-list credit based on the current criteria.
The policy on a minimum price of 99p for multiple-item listings will be extended to cover all Buy It Now listings, both single and multiple-item. The minimum BIN price for an Auction with BIN listing will also be 99p. Current Shop Inventory Format listings priced below 99p will be cancelled by 31st December 2008. Sellers listing with the Auction-format only will continue to be able to list with starting prices lower than 99p. These changes should help to address concerns around feedback manipulation.
Watch this space for more changes.
New price changes at: http://pages.ebay.co.uk/pricechange08/
2. THE STUDENT WEARS PRADA
This is a great time of year at Molly HQ as the kids are going back to school. No. 1 daughter is safely installed back at university No. 2 departs next week – off to Norwich.
Seeing them leave home can bring a tear to the eye as well as making a hole in your pocket, but not at HQ. Sourcing their student requirements (except beer) from eBay can save a fortune. Here are just a few of the deals that we made this week:
Bed linen, new and sealed from BHS & Marks – £6.50 inc p&p
TV with remote (no batteries) & scart lead – £7.00 local pickup
Desk fan – £2.99 inc postage
New mini ironing board (not sure this will get much use) – £8.00
Steam iron (ditto) – £1.00 + p&p
Hooks that fit over doors – £4.60 inc p&p
Plates, bowls, etc. (nice swirl pattern) – £2.49 local pick up
And the list goes on…
Where does the Prada fit in? Well, with all the money saved on the above, No. 2 can afford to pay for the perfume rather than raiding my stock – I wish!
3. JUST A THOUGHT
With the new pricing structure due next week, here’s a thought which might save a few pennies.
FVFs on auction items will be (slightly) cheaper than for fixed price and for some items the listing fee will be a little cheaper as well. Why not place your item as an auction with a start price at your required level and then after one bid, end the auction early and select the ‘sell to highest bidder’ option. This would count as an auction regarding FVFs and under the new ruling might also qualify for a re-list credit.
You could also mention this in the item listing so that bidders know that it would be theirs for one bid. I am not too sure how eBay will treat this, but it might just help.
4. ASK MOLLY: HOW CAN I RAISE MY LIMIT?
As reported in a previous bulletin, I did manage to have my restriction on branded items lifted, some sellers have not been so lucky. I received several e-mails on the subject, this one from “jojo_m1709″ – http://search.ebay.co.uk/_W0QQfgtpZ1QQfrppZ25QQsassZjojoQ5fm1709
I have been selling on eBay for about 3 years on and off and have just started selling high-end cosmetics. I have sourced some great lots from wholesalers and so far sales have reached almost £1000 in one month thanks to your advice in ‘The eBay Business Handbook’.
My problem is, and you can probably see this coming, that some of the brands I have are restricted due to counterfeit goods being sold as genuine. When I come to list more of the same I am restricted for 30 days. I have emailed eBay once about this issue a few weeks ago but they declined to reassess my standing, since then my feedback has reached 100. Is there a way I can get the limit lifted?”
It was the Lacoste brand that gave me the problem, although I suspect others would have been rejected. eBay didn’t actually respond to my e-mail – I had to ring them. I could use the PowerSeller direct line, only e-mail for non-PowerSellers.
I would e-mail them again and ask what criteria you have to meet in order to have the limit raised, they might be able to shed some light on this. The other thing that might help is to list the restricted items on a multiple listing; this should get more products out there. From the 24th use the 30 day duration or maybe even a basic shop and then the ‘good ’til cancelled’ option.
To make more sales it might be an idea to use a second ID, this is how I got round the initial problem, I listed the same item on 8 IDs, however feedback comes into play with this idea. I did also did try using a bad spelling in the title ‘La coste’ and then cross selling to the listing from other auctions. Maybe some sales would result of buyers following links, although the search engines will not find the listing directly.
One final thought as your sales are growing – in two months or so you should be invited to become a PowerSeller, so use the contact phone number at that time and speak to them directly about your limits.
If you have a question about eBay, please send it to: firstname.lastname@example.org – I will reply personally to every e-mail I receive and remember, there are FREE copies of my book available for the best questions, tips, or stories.
– END NOTE –
That’s all for this week. Check out ‘Molly’s Diary’ each day at www.ebaybulletin.co.uk for the latest news from Molly HQ.
With Christmas approaching and money tight, eBay could be the place this year. In anticipation, I have increased active listing to around 200 and am taking full advantage of the multiple item listing discounts in place.
Things look promising, so another trip to the wholesaler resulted in 50 different perfumes which are testing the market for me right now. I never realised just how much mark up there is in perfume, especially as they all smell the same to me.
Check out the Mollybol site for your stocking fillers…quote ‘The eBay UK Bulletin’ and get absolutely no discount at all!
Best wishes and happy eBaying!
Author of the bestselling title, ‘The eBay Business Handbook’ – available direct from the publishers: www.harriman-house.com/ebaybusiness
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