Comments on: Insider: Truly Going Infinite – How to run a profitable EBay store https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/ Play More, Win More, Pay Less Tue, 18 Jan 2022 02:58:53 +0000 hourly 1 By: @torerotutor https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25617 Tue, 27 Sep 2011 17:51:43 +0000 http://www.quietspeculation.com/?p=21081#comment-25617 In reply to Sean.

Sean is so legit.

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By: Sean https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25603 Tue, 27 Sep 2011 09:01:19 +0000 http://www.quietspeculation.com/?p=21081#comment-25603 Hey guys, Sean here, I thought I'd address some of the minor questions here and then if there's any more that need a more in depth explanation Chad and I can do a follow up.

For shipping I charge $1.50 and $0.25 for each additional auction. Most of the time if someone buys 8-10 cards or less I'll just invoice for the $1.50 as the postage doesn't change. I use toploaders, sleeves and another type of card protector called a "card saver" (size 1) It allows me to put anywhere from 4-12 cards in it comfortably and still arrives just as safe as cards in a toploader. I use no. 7 coin envelopes to ship 1-12 cards and bubble mailers for anything exceeding that. The post office also provides a lot of ready to go shipping supplies such as flat rate boxes and flat rate priority envelopes which are definitely worth picking up if you plan to do any bulk selling. Buying a stamp with your return address and a small label printer are definitely a good idea as well (unless you plan to use paypal/eBay shipping labels)

As for fees, eBay recently started charging a percentage of the entire sale to combat people who were circumventing fees by listing at high shipping costs (i.e. a force of will with a buy it now of $1.00 but shipping is $60.00) so shipping is definitely factored into that percent now. Aside from that the fees are all laid out on eBay and differ. There's also two different types of accounts on paypal and I believe they have 2 different fees, I haven't changed mine in years so I forget exactly what the difference is. Please note anyone using GBP the fees are tiered based on how much you receive monthly (1.4%-3.4%)

Hopefully this answers most of the questions, if people would still like a follow up I would be happy to do it or I can answer the questions here, whatever works.

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By: Slack https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25533 Sat, 24 Sep 2011 00:41:53 +0000 http://www.quietspeculation.com/?p=21081#comment-25533 In reply to @torerotutor.

haha oops! Didn't expect that to be a link. Was trying to click on the word "here" 🙂

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By: @torerotutor https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25527 Fri, 23 Sep 2011 18:41:34 +0000 http://www.quietspeculation.com/?p=21081#comment-25527 In reply to pipdickenz.

Also with an EBay store, they don't take a cut of your shipping.

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By: @torerotutor https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25526 Fri, 23 Sep 2011 18:40:43 +0000 http://www.quietspeculation.com/?p=21081#comment-25526 In reply to Slack.

The link is the big banner in the middle? All these followup questions are great and will be addressed in one way or another.

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By: Slack https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25520 Fri, 23 Sep 2011 14:29:29 +0000 http://www.quietspeculation.com/?p=21081#comment-25520 I would also love to see a followup article, I read through this several times. Can you link to the store so we can check it out? (or maybe I'm missing the link somewhere?)

A few points to follow up the conversation here: I believe if you pay for a store they don't charge you a percentage on your shipping costs. (Another great reason to pay the monthly fee for a store rather than run a simple seller account.) Also I wanted to note that it's actually $0.20 per listing for the first tier of eBay store. You have to move a loooot of cards per month before your fees drop to a nickel per store item. However, I'm a powerseller and still at 20 cents level and still have plenty of room to profit.

However, I find it tough to get profit out of any card worth less than a couple bucks. Yet there are stores out there charging a dollar for worthless commons. How are they doing it? If you do a followup, I'd love to hear more about Sean's tactics for what to list and how to list it (singles vs playsets / how to build effective mixed bulk lots) especially when it comes to tactics for moving smaller value cards worth less than what it would cost to ship them.

Last note for everyone: Chas Andres had a great article a few months back on CFB for those interested in seeing his eBay tactics. He's definitely coming at it from a different angle than Sean but it's cool to see where the two articles line up. http://www.channelfireball.com/articles/traderous

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By: pipdickenz https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25518 Fri, 23 Sep 2011 10:48:17 +0000 http://www.quietspeculation.com/?p=21081#comment-25518 Doug it's wrong to believe that the buyer pays for shipping, ebay takes a percentage from whatever you charge for shipping, bubble mailers cost between $.40-$1.20 and shipping costs around $1.70 ($2.51 with delivery confirmation) plus the costs of sleeves,cases and tape,this is besides the 15% you pay to ebay and paypal. Also starting next year you must pay taxes on paypal sales. The advantages of having an ebay store are that listings cost $.05 instead of $.50 and you get some free advertising plus links to your other auctions for $50 a month.

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By: @torerotutor https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25503 Thu, 22 Sep 2011 22:14:59 +0000 http://www.quietspeculation.com/?p=21081#comment-25503 Sean is indeed a member of QS, we're addressing how to handle the follow-ups, maybe the forum makes sense.

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By: Tyler https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25502 Thu, 22 Sep 2011 20:09:23 +0000 http://www.quietspeculation.com/?p=21081#comment-25502 In reply to @torerotutor.

Oops! The only confusion was on my behalf, getting the names switched around.

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By: Sven https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25501 Thu, 22 Sep 2011 20:01:04 +0000 http://www.quietspeculation.com/?p=21081#comment-25501 My pleasure. Thanks to Sean for answering!

I feel like this article needs a follow up 🙂

I am doing this more as a kind of extra small income, but indeed interesting stuff!
Perhaps we should open a thread on the forum to discuss and answer questions regarding this particular aspect?
It would be something we can all learn from isn't it?

About the shipping question (Sean can answer as well ofcourse :-P) : I ship everything in a bubble envelop each morning before taking the train to work 🙂 I sleeve all cards (using extra cards front/back for protection against stamp damage) and the sleeves go between 2 postcards. Protection is key!

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By: Doug https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25500 Thu, 22 Sep 2011 19:40:39 +0000 http://www.quietspeculation.com/?p=21081#comment-25500 If Sean is comfortable with sharing, what is the combined %age of all his fees that he incurs? I know that shipping isn't an expense because you charge it to the buyer, but what are the economic benefits of going for a store instead of just straight auctions?

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By: @torerotutor https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25498 Thu, 22 Sep 2011 19:23:45 +0000 http://www.quietspeculation.com/?p=21081#comment-25498 In reply to Tyler.

Sorry if there was confusion! Sven was a reader who had questions for my dealer, who's name was Sean. They look similar. I'll ask about that and update here. I know where he lives, and would presume a post office is near by, but I don't know his process.

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By: Tyler https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25497 Thu, 22 Sep 2011 19:20:56 +0000 http://www.quietspeculation.com/?p=21081#comment-25497 This was fantastic! Thanks for doing it.

One lingering question I do have for Sven is: How do you ship? Do you live close to a post office? Or do you just toss the cards in the mailbox?

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By: @torerotutor https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25496 Thu, 22 Sep 2011 18:15:41 +0000 http://www.quietspeculation.com/?p=21081#comment-25496 In reply to Sven.

Thanks for the great questions Sven. The interview lasted an hour, and i literally couldn't fit everything we discussed into the article. If you feel i didn't address something you wanted to know, or you have follow up questions, let me know. chad at torerotutor dot com

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By: ShaneJenkins https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25488 Thu, 22 Sep 2011 11:45:19 +0000 http://www.quietspeculation.com/?p=21081#comment-25488 Lol @ Kelly

Great stuff here Chad. A big thanks to you and Sean for the information, and Sven for the great questions.

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By: kellyreid https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25487 Thu, 22 Sep 2011 09:25:58 +0000 http://www.quietspeculation.com/?p=21081#comment-25487 This is awesome. I do this for a living and i learned things!

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By: Sven https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25484 Thu, 22 Sep 2011 07:01:46 +0000 http://www.quietspeculation.com/?p=21081#comment-25484 First thing in the morning I did, was checking if this article was online 🙂

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By: @torerotutor https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25483 Thu, 22 Sep 2011 06:44:35 +0000 http://www.quietspeculation.com/?p=21081#comment-25483 I also left out that Sean reccomends TurboLister. It's a must for anyone running tons of listings at once. Search Features and inventory management all in one, everything quickly updates to EBay, and re-listing unsold cards is simple.

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By: chosler https://www.quietspeculation.com/2011/09/insider-truly-going-infinite-how-to-run-a-profitable-ebay-store/#comment-25481 Thu, 22 Sep 2011 06:15:50 +0000 http://www.quietspeculation.com/?p=21081#comment-25481 I really liked that you did this interview, and it's a great insight into the dealer side of running a business.

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