Comments on: Is selling on eBay Worth it in 2024: The Real Truth! https://moneypantry.com/selling-ebay-worth/ Thu, 28 Mar 2024 00:49:42 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: Linnet Maria Thompson https://moneypantry.com/selling-ebay-worth/#comment-408443 Thu, 28 Mar 2024 00:49:42 +0000 http://moneypantry.com/?p=105#comment-408443 In reply to Michael Danch.

I recently sold auction style a Find-R-Scope 350.00 buyer said do not send invoice nor put inside or outside the box, then he didn’t have money then came up with my shipping didn’t go to Delaware WTF. Relisted item and he bid again with a different account. I took listing off and put it on buy it now and let the next bidder down make an affer and I accepted for $55.00 less as I just wanted it gone by then. Fuckbay feed me 23?? for auction style early removal then took 18% + plus every other fee. I just started selling again on this platform and last item ended yesterday and am severing the relationship nor will I buy again on ebay. They can piss off!!!!!!!!!!!! Ebay said they would refund the 23.?? but did not. Sure hope that stock dives and they stay in India.

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By: No eBay https://moneypantry.com/selling-ebay-worth/#comment-403311 Wed, 06 Mar 2024 19:59:13 +0000 http://moneypantry.com/?p=105#comment-403311 In reply to lee.

ShitBay is Dead right now…has been for months, as of March 2024. Unless you “promote” your listings the time and effort invested in any one is 90 +% wasted. The fact shitbay is flat out null says they are still losing substantial buyers, and their deadness is progressively permanent. There are no viable “alternatives” because selling Online is hugely competitive and .biased against sellers. Shitbay sellers repel and drive off buyers via their exorbitant prices. Moderate and affordable vendors are necessarily ousted. shitBay deals the favoritism card big time. They bank their dying dinosaur on desperate, marginalized and unknown sellers.

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By: chad https://moneypantry.com/selling-ebay-worth/#comment-397154 Thu, 08 Feb 2024 19:11:40 +0000 http://moneypantry.com/?p=105#comment-397154 In reply to lee.

The only people making money on Ebay are the criminal thieves who don’t pay for the actual item. But then they probably list it and don’t ship it so they make even more money.

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By: Saeed https://moneypantry.com/selling-ebay-worth/#comment-389287 Tue, 26 Dec 2023 17:56:09 +0000 http://moneypantry.com/?p=105#comment-389287 In reply to Jim.

That is a really great summary of why eBay is indeed declining. Thank you so much for sharing it Jim.

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By: Jim https://moneypantry.com/selling-ebay-worth/#comment-388715 Fri, 22 Dec 2023 17:44:39 +0000 http://moneypantry.com/?p=105#comment-388715 Ebay’s decline has also reflected and been driven by, in part, changes in our society.

I’ve been selling there for 20+ years with some buying too. The period up to about 2009 were the halcyon days but then the various recessions struck. The decline since then has been continuous – certainly for sellers.

The reasons are partly Ebay’s fault but also those changes I mentioned above. To be specific:

1. Ebay’s corporate incompetence, a failure to evolve their strategy to reflect evolving market trends and of course, greed/short-termism. Yes, they’ve since tried to make some course corrections but the indications are they’re too little and very possibly too late.

2. Government intervention. Here in Europe, governments have become ever-more desperate to see even minor online trading as a cash-cow to be milked accordingly. Taxes, charges, levies, raised shipping charges – they’ve all played their part in destroying seller margins in many segments and driving up prices. This, for buyers, has made the platform increasingly uneconomic.

3. Too many players. In the late 20thC and first decade of the 21st, Ebay sellers and buyers were roughly in balance. Since then, the pop-culture of “buy and sell, it’s easy money” has infected millions and now everyone in the world is an Ebay seller. This is pushing up the prices at source, as people fight each other to acquire items they can sell and that in turn is forcing fewer and fewer auctions and more and more absurdly priced “buy it now” offers. Many Ebay sellers haven’t a clue, paying whatever it takes to get items then adding their required percentage profit and putting the item on Ebay at a price that you can be 100% sure means it will never, EVER sell. As Ebay fills up with laughably priced stuff, buyers go elsewhere looking for their deals – and they have ever more options to do so.

4. The growth of the “Ebay owes us…” mindset with many sellers. This falls out of ‘3’ above when instead of applying standard business analysis to try and identify why their objects arent selling (often to do with having no market or over-pricing or both) they turn on Ebay and demand explanations or start blaming the buyers.

5. Desertion of buyers. Touched on above. Virtually none of my clients now check Ebay for deals, regarding it as being full of ludicrously overpriced items. Ten years ago, perhaps 75% of them would have checked it regularly. The buyers have simply fled in droves to other forums.

I’d like to end cheerfully but I suspect this decline is irreversible. I now only sell odd items on Ebay simply for convenience if they’re of low value. Wish it were otherwise.

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By: sam https://moneypantry.com/selling-ebay-worth/#comment-387489 Thu, 14 Dec 2023 17:24:42 +0000 http://moneypantry.com/?p=105#comment-387489 In reply to lee.

Same here. No more free money from me. Government shortly to scrutinise accounts receiving eBay money where they will question you about what little profit you are making whilst searching your home, confiscating your items and putting an end to it all anyway courtesy of government regulations meant to make benefit recipients and pensioners suffer on account of suspected and presumed criminality. The trouble with eBay is the amount that comes back to bank is an amount where your bank doesn’t see the ebay fees which are now horrific, the postage, the postage extra costs, the article itself, which are unseen to the excited arrest officer for your sin of not notifying. It really isn’t worth it and you are not allowed to have that much money coming into your account. They start to cut things off getting you into an even deeper mess as they “investigate”. People have already ended up homeless due to this simplistic approach

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By: Larry https://moneypantry.com/selling-ebay-worth/#comment-386089 Wed, 06 Dec 2023 19:53:40 +0000 http://moneypantry.com/?p=105#comment-386089 In reply to Penny.

Totally agree. You have to have free stuff that you’ve acquired in order to actually make any money.
sold a piece of electronic equipment for $75, after shipping and ebay fees… I get $41. Luckily that was something someone gave to me…

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By: Doc Ross https://moneypantry.com/selling-ebay-worth/#comment-382475 Thu, 16 Nov 2023 21:34:15 +0000 http://moneypantry.com/?p=105#comment-382475 Holy Sh*t! I am very glad that I took the time to read every word on this page and checked any math. I have been “on eBay” since the ’90’s (pretty sure, I think I was still using Win95 and forced to go to Win98). Back then, very “Ma & Pa” sort of feel, and it apparently took some time before criminals learned how to steal from a cyber entity that -should- have nearly all of any pertinent information on any party using the service. I was glad for it at first, I had just suffered a family threatening disaster and had to sell off much of my property, down to clothing and whatever. It took a while to recover, and I have been mostly buying odd parts (for business) on eBay for a long time, lately, less and less due to better prices and more dependability elsewhere. Over time I have collected a lot of stuff that I no longer need or use and thought I might sell it on eBay. My research led me here, and I thank those that have posted. I do not need any more hassle from a faceless, soulless entity with ZERO accountability and tons of BS to hide behind, I’m an American, we have a Government that already does that. Taking what I read here, I researched further. You folks may not know how right you are. I have examined documents from Bloomberg (yes they are compromised, but the math doesn’t lie), Fool, etc. Every financial reporting service says essentially the same thing; eBay is dead! There is no report that doesn’t confirm that eBay’s Buyers are WAY down, for every reason stated here and falling. I am not sure what I am going to do, but I have seen what I should avoid.

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By: Peter https://moneypantry.com/selling-ebay-worth/#comment-372568 Fri, 13 Oct 2023 15:11:02 +0000 http://moneypantry.com/?p=105#comment-372568 It is not. I had several luxury travel bags I wanted to sell. Brand names, worth a lots of money. RRL, Rimowa, LV. I put some on Ebay to see how it will go first. and immediately began receiving bids- all fake. People bidding had phony accounts I assume. Pretty soon I was owed 20K+ and not a single payment. Ebay will not do squash about it. You cant even contact these people. Save your time an money too. Plus the aggravation, when you receive e-mail from Ebay congratulating you made a sale. No, you didn’t.

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By: Ann Huminski https://moneypantry.com/selling-ebay-worth/#comment-372475 Thu, 12 Oct 2023 15:35:53 +0000 http://moneypantry.com/?p=105#comment-372475 I can make money on Ebay but not like I used to. Luckily, I get a lot of stuff free or bought so much at auction over the years that I no longer have any cost for items I sell. One thing people are not understanding is that Ebay charges the same fee for the shipping as they pay for the item! So, if the fee for a $10 item is 12% and it costs $10 to ship, there is a $.30 transaction fee which is 3% and another 24% for the selling fees for the item and the shipping. You can’t buy an item for $5 and expect to sell it for $10 and make any money, especially since there are other costs like tape, boxes, and TIME to package. The one good thing that Ebay has done over the years (I’ve been selling for about 24 years) is to not show the shipping cost on the package if you don’t want to. That way, we sellers can at list charge a $1 or $2 extra fee for shipping. Before, they used to complain if actual shipping was $8 and I charged $9. That $1 extra charge for the shipping doesn’t even cover the $.30 transaction fee and the 12 or 15% Ebay also charges for shipping. And it’s insulting that Ebay actually gets a much bigger shipping discount than what we pay and they already make money on shipping from the shipping provider. It works for me, though, with all my items now “free” Bottom line, it all depends on how much you pay for the items you’re selling.

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