New eBay fees
POSTED: Tuesday, September 16, 2008 - 10:12am
UPDATED: Wednesday, February 17, 2010 - 10:29pm
A lot of people turn to eBay as a source of income.
They sell all kinds of items to make extra money.
But after eBay increased some of its fees, some users say making a profit from the website is getting harder.
Stacie Forman has been making a living off eBay for more than a year now, selling mostly designer items for a third to half of the original cost.
Last February, eBay made some changes to the way sellers do business.
"What eBay did was, they increased the final value fee, which is the commission you pay to eBay when the items sells," said Forman.
It went up by 3.5 percent.
While Forman says her business hasn't suffered much from the changes, she knows others are paying the price.
"It's the artist who make handmade jewelry, the women who sew baby blankets. These are the items that typically sell for $20-$49 so they are selling high quantities of it and low prices, moderate to low prices and over a long period of time, those loses really can add up to hundreds of dollars," said Forman.
So how can you make the most of your money?
When possible, make sure your sale price is more than $50, you won't feel as much of a loss.
You can do that by grouping three or four items that go together.
"eBay uses fixed priced items for things that are multiples of the same exact thing, you can take advantage of those," said Forman.
Know what you are dealing with before you list, so you don't lose all that money at the end of the sale.