The eBay UK Bulletin: Issue 244, 2nd March 2012
Topics in this issue:
1. eBay news – TRS discounts slashed.
2. Bulk e-mail solution – update
3. VAT – can you help?
4. Ask Molly – What Ts & Cs do I need?
Hello and welcome to this week’s edition of The eBay UK Bulletin.
Wow, what a week it has been. There is no news for months and then enough happens in one week to fill a dozen bulletins. The big news of course is the release of eBay’s spring update; discounts up, fees down and the abolition of DSRs. To avoid the risk of boring buyers with sellers moaning, I’ll spread the key points over the next few weeks [Ed - this screams of a bulletin writer desperate for copy to me].
First to be discussed is the reduction to seller discounts along with a few ideas to redress the balance.
Also included this week is a cry for help from the heart of a poor old author considering VAT registration.
[For details of this newsletter, please scroll down to the end.]
1. EBAY NEWS – TRS DISCOUNTS SLASHED
It had to happen and from 1 May 2012 it will – TRS seller discounts are down across the board. Bronze & Silver down to 10%, Gold & Platinum down to 15% and Titanium will now be 20%. Non-TRS sellers may be smiling, but buyers may well see a rise in prices.
For Molly cosmetics with a turnover of £70k pa, savings will drop from £1,750 to £1,050. Time for an about turn on free postage as a price reduction of a £1 to be added instead as a postage charge to each item will save 8.5p per sale on eBay fees, which is around £600 per year.
There will be a negative impact on ‘best match’ search placement; just one of those things.
Other things to consider:
– Use the ‘multi-variation’ format to cut down on the number of listing fees you pay
–Host your own additional pictures
–Create your own listing designers
– If you are happy to leave feedback manually, drop down to ‘Selling Manager’.
Any comments would be most welcome – Mollybol@ebaybulletin.co.uk
2. BULK E-MAIL SOLUTION – UPDATE
For your reader querying bulk mail, my advice would be never to use MS Outlook for bulk mailing. The danger is unless you do it in a certain way you reveal everyone’s email address to everyone else, and a lot of people don’t like it.
We use a program called Group Mail – http://www.group-mail.com – their entry level program is completely free although does have a few limitations, mainly the sending limit of 100 contacts per message, but it’s excellent for this sort of thing and makes it really easy to customise your emails, e.g. to include the buyer’s name on each message.”
Tillwite – http://stores.ebay.co.uk/Till-and-Whitehead-Ltd
M – getting there slowly, if you can add anything to this debate, please let me know – Mollybol@ebaybulletin.co.uk
3. VAT – CAN YOU HELP?
I always said that I would keep turnover down to a level under the UK VAT registration threshold (currently £73,000 per year). I am now having second thoughts as shutting the shop for two weeks each month is just so boring and I am in danger of having to do some DIY!
If you have any interesting, or dare I say funny, stories about VAT please let me know and I’ll put together an eBay trader’s guide on the subject.
4. ASK MOLLY – WHAT Ts & Cs DO I NEED?
Before becoming a Trading Assistant (which I would never have known about before you suggested it) I need to comprise my terms and conditions and would be very grateful if you had any pointers I should consider.”
Theshinystar – http://stores.ebay.co.uk/theshinystar
I was a Trading Assistant for a while years ago and found the easiest thing was to check out the local competition and see what they ask for by way of commission, etc.
Enter your post code into this page – http://tradingassistant.ebay.co.uk/ws/eBayISAPI.dll?TradingAssistant&page=main and then search around a bit.
Things to consider include: staffing your house/office for drop offs; arranging pick ups and cost of these; how to charge for FVFs; and how to get the proceeds over to your client.
Give some thought to packaging costs, minimum sale value and/or commission. Will you use auction or BIN? Think about reserve prices, storage and insurance, duration of the sale and what happens if the item doesn’t sell.
Also, on a topical note, watch your VAT threshold.
If you are in the Ipswich area and really don’t want the hassle of selling, contact ‘theshinystar’ – http://myworld.ebay.co.uk/theshinystar/ and I am sure things will work out very well.
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.
Great news for all car booters, the season kicks off again this weekend. The bad news is that it is going to rain!
Watch this space for my definitive guide to the humble car-boot sale, it’s on the way. If you want to follow my boot sale action check the new shop – http://stores.ebay.co.uk/Through-the-Square-Window
It’s all go at HQ with a new Channel Four documentary on the cards featuring yours truly. It is funny how many Elves pop out of the woodwork when a TV camera makes an appearance; I’ll keep you informed.
Best wishes and happy eBaying
Author of the bestselling title, ‘The eBay Business Handbook’ – available direct from the publishers: www.harriman-house.com/ebaybusiness