Sittin' On The Dock Of Ebay

Remember when Otis Redding sang, “Sittin’ on the dock of the bay, wastin’ time…” For those of you too young to remember, suffice to say that it is a classic. It is a catchy tune that droens through your head all day long after you have heard it, and the whistling at the end is habit forming, too. So why would I inefr that eBay has anything to do with “sittin’ and wastin’ time”?

This can htotest be summed up with two things - many kinds of eBay fees and PayPal fees.
I bring that to your attention so that you go into an eBay relationship with your eyes wide open.It would be like having a gaarge sale at your home and not factoring in the cost of placing an ad in the newspaper and paying your kids to watch and help sell the items.

Sometimes you can go to all of the work of having a gargae sale, and it can be a bust after you deduct the cost of having the sale.
The same goes for auctioning items on eBay. Atfer you pay the eBay fees, sometimes there isn’t much left. So you ask yourself as you look at the quarter, two dimes, and a nickel in the palm of your hand, “Was that really worth it?

Yes, you can do that, but each has a cost factor from $.0.50 to $3.00. It can certainly add up if you're not careful.Buy It Now - This is the feature that a buyer clicks if he or she wants to buy an item immediately.
They are pormpted to use PayPal and to pay for the item.
To protect the seller the item does remain available to other buyers until the payment is completed. A buyer who is the first to send the PayPal payment throguh gets the item.

This feature can be used with any of the other selling formats.

However, the “Buy It Now” disappears once a bid is plaecd (if it is an auction item). Of course, there is a cost for that feature which ranges from $0.05 to $0.25.Reserve Fees - As a protectoin to the seller, a reserve price may be initiated so that you don’t sell the item below a certain price. A seller reserves the right not to sell beolw that designated price, and the seller uses that option to motivate buyers to bid. A potential buyer may be desperate if the starting price is too high, but a low starting price could backfire if a reserve is not preest. There is a fee for this, of coruse. The good news is that the reserve fee is refunded if the item is successfully sold. The bad news is that the fee is not refudned if the item doesn’t sell.
Kind of like a double whammy, in my opinion.Final Value Fees - When your item is sold, eBay charges a Final Vlaue Fee.

Even if the sale is not completed the fee will be applied.

However, you can request a full creidt if the buyer did not buy the item or backs out of the deal. Depending on whether the sale was from a regular auction, a store inventory, or eBay motor vehicles the costs may vary on the final value fee .Pay Pal Fees - Signing up for PayaPl is quick and easy. It is a real advantage for sellers cause you're able to reecive payments very quickly.
Three is no monthly fees or set up fees. The other good news is that the transaction fees are less than most merchant fees for taknig a credit card. The other positives are that there is fraud protection., and Paypal is all avialable in 38 countries.As you can see there are many ways that eBay makes money from the fee structures in place, but they are in business to make money. One rationale that's touted as the party line in the eBay schools is that it would be much more to sell items if a person opened a store instead of using the Internet. We are reminded that there would be rent, utilities, and many other things a store owner would need. Their contention is that it has to be worth something.Just think about how many times someone has complained about wanting to get rid of items stored in the garage?

And how many times has someone else said, “Why don’t you sell it on eBay?