The eBay UK Bulletin: Issue 242, 17th February 2012
Topics in this issue:
1. eBay 101 – Make your own shop logo
2. eBay con – be warned
3. Now here’s a thought
4. Ask Molly – Do I have to have two bank accounts?
Hello and welcome to this week’s edition of The eBay UK Bulletin.
It has been another busy week, so much so that Molly has hit the monthly turnover target already and shut up shop until March; working within the limitations of the UK VAT system can be very frustrating.
The toy shop is still open with turnover steady and an inventory of around 500 items. With little packing to be completed the Elves are spending more time drinking tea which would make me cross if I actually paid them any wages to begin with.
It’s a short and sweet bulletin this week as there is very little happening in eBay land. There is a great free tool mentioned below to construct your own shop logo though so don’t say I don’t do anything for you.
Also included this week; a word of warning for all buyers – be wary.
[For details of this newsletter, please scroll down to the end.]
1. EBAY 101 – MAKE YOUR OWN SHOP LOGO
This is an area that I have always neglected, opting instead for one of the standard eBay logo templates (well if it doesn’t involve selling then it moves to the bottom of the pile).
However with The Mollybol shop shut again for a few days I have decided to have a go at creating my own Logo using the free tool at ‘eshopbooster’.
I’ll let you know how I get on next week. If you decide to give it a try, please let me know what you think – Mollybol@ebaybulletin.co.uk
Shop logo designer – http://www.eshopbooster.co.uk/logomaker.php
2. EBAY CON – BE WARNED
We have all heard about scamming sellers working eBay for their own ends, here is a real life example of what to look out for.
I’ve just been ‘done’ by (using my purchasing eBay persona) trying to buy a taximeter and the seller now has done a disappearing act with my money (£89.26) and done the same with quite a few others too by the looks (loads of these meters listed, but no positive feedback received).
I must say that it is ‘normal’ for a number of meters to come on the market at once from one location, such as when going over to a new system or when a taxi firm closes down.
Hopefully my experience will provide your readers with some of the ‘signs’ of a con and prevent something similar happening to them and what to watch out for.”
cycling-claire – http://myworld.ebay.co.uk/cycling-claire
Item – http://www.ebay.co.uk/itm/250982151701
3. NOW HERE’S A THOUGHT
Since eBay took over the automatic e-mail process sending notifications on behalf of the seller the ‘Selling Manager Pro’ (SMP) lost some of its appeal. It is still very good if you sell loads and need to automate feedback as leaving it manually can be a bind.
Another of the advantages of SMP is that the listing designer option is free – without SMP (or Turbo lister) it costs 21p for every 30-day BIN listing.
In these tight times it is tempting to cancel the £4.99 SMP subscription fee.
Be wary if you are thinking about dropping back to ‘Selling Manager’ (which is free) and have used the ‘listing designer’ in your current listings; when they relist you will pick up the charge.
4. ASK MOLLY – DO I HAVE TO HAVE TWO BANK ACCOUNTS?
Following on from the ‘Ask Molly’ in last week’s bulletin I had a number of e-mails from readers seeking to qualify the position concerning multiple PayPal accounts and the bank accounts with which they are linked.
I am in the process of setting my wife up with her own eBay business. This issue of Micro & Macro payments requires two PayPal accounts which is fine.
But I can’t find a way to associate two PayPal accounts with one bank account. Is it possible?”
5inchrail – http://www.5inchrail.com
Unfortunately I do not know of any way to link more than one PayPal account to a single bank account, they must be in pairs. I can understand the logic behind this, but it can become a bind if you start to operate multiple eBay businesses.
I currently have three PayPal accounts each with their own bank current account. I bank with the Halifax and now have the maximum number of current accounts that they allow. I could really do with another ‘micro’ account which would mean a new current account with a different bank – admin nightmare.
If anybody out there has more then 3 PayPal accounts, please let me know just out of interest really and if you have found a clever way around these limitations please share your experience and I promise I will only tell four or five thousand people.
If you have a question about eBay or home working in general, please send it to: email@example.com – 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 www.ebaybulletin.co.uk for the latest news from Molly HQ.
Molly and the Elves are taking a road trip next week to meet Patrick Munden, Head of Seller Communications, eBay Europe at eBay’s offices in Richmond. I think there must be a problem with my bill!
The Elves have been told to wear their best T-shirts for the visit and only speak when spoken to. I’ll fill you all in on the latest gossip when I get back.
Best wishes and happy eBaying
Author of the bestselling title, ‘The eBay Business Handbook’ – available direct from the publishers: www.harriman-house.com/ebaybusiness