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Dave Beans

Setting Up An Ebay Shop

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I thinking about setting up a shop in the near future..I have a couple of ideas...How complicated are they to run? I've briefly read about tax implications etc... Are they worthwhile in the end? I suppose it all comes down to what products your shifting...

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caveat exigo

very 2005 idea,didn't work then. Don't do it

Edit: are you talking about bricks n mortar shop or an ebay sellers account?

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caveat exigo

very 2005 idea,didn't work then. Don't do it

Edit: are you talking about bricks n mortar shop or an ebay sellers account?

Just setting up an ebay business acc.. I see the fees start at around six quid a month...You probably get bugger all exposure for that though..

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Just setting up an ebay business acc.. I see the fees start at around six quid a month...You probably get bugger all exposure for that though..

Can't really lose much money trying - you'll need to be the cheapest delivered price on there for whatever you plan to sell or you'll sell nowt, I'd have thought.

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I thinking about setting up a shop in the near future..I have a couple of ideas...How complicated are they to run? I've briefly read about tax implications etc... Are they worthwhile in the end? I suppose it all comes down to what products your shifting...

My old girl runs one, and makes a decent living... but she has a loyal world wide customer base... the usual customer service rules apply, and obviously it's harder to break into a competitive market. FWIW, my experience of her shop is that paypal and ebay fees really add up, which is why often ebay is more expensive these days. My advice is build your own website alongside your ebay shop, and try to integrate it as best you can from day one.

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Ebay isn't a good place for a lot of business ideas, but there are some things that do really well on there. Bringing in cheap Chinese goods and knocking them out at low margins and high volumes might be well suited, though I think it would be galling to find that Ebay make nearly as much if not more out of the deal than you do.

High value specialist items ought to work too, but by definition you'd need a fair bit of cash to invest in stock before you started. I imagine you'd need to acquire some specialists knowledge for that to work.

If you have developed a product yourself you might want to look at Not on the High Street. Their fees are truly outrageous but they do deliver sales for the right product. wheresa as Not a Chain says Ebay only delivers sales for the cheapest product.

But on the whole I would say if you have an idea give it a try. It might work and succeed beyond your wildest dreams, but if it fails you will almost certainly learn something about the world and yourself that you wouldn't have learned any other way. That might well set you up for something even better. All you can lose is money.

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Ignore people who bad mouth Ebay or tell you its a waste of time, they are probably people who have shops and are worried about competition, however expect to have your margins squeezed!

It is a great place to test the market, and if you are clever with keywords, then you can get your goods listed and standing out from the crowd.

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Ignore people who bad mouth Ebay or tell you its a waste of time, they are probably people who have shops and are worried about competition, however expect to have your margins squeezed!

It is a great place to test the market, and if you are clever with keywords, then you can get your goods listed and standing out from the crowd.

Thanks for all the replies so far guys...so how do ebay shops compare to a dedicated stand-alone eCommerce site? AFAIK, a decent site can set you back at least 4 figures (the company I work for are currently relaunching their site site at a cost of around £5k)...

I know it depends on the optimisation on the site, but you should "save" on transaction & listing costs..

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Can't really lose much money trying - you'll need to be the cheapest delivered price on there for whatever you plan to sell or you'll sell nowt, I'd have thought.

Hi SNACR. Am i allowed to ask what you do for a living/who you work for?

I see your avatar and i can tell you have massive retial experience ( have recenlty searched the whole forum for ebay threads and am ploughing through to gain some info as online retialing is somehting i am tempted to get into over the next few months), but your name throws me. I assume, perhaps wrongly, that you dont work for ALdi, but you talk about 'we' a lot and how you sell on ebay.

cheers

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Thanks for all the replies so far guys...so how do ebay shops compare to a dedicated stand-alone eCommerce site? AFAIK, a decent site can set you back at least 4 figures (the company I work for are currently relaunching their site site at a cost of around £5k)...

I know it depends on the optimisation on the site, but you should "save" on transaction & listing costs..

Or you can make your own site, theres lots of shop building programmes, cube cart is a good one:

CUBECART

There prices go from free to £110 or so...pretty easy to use as well...you can start with the free version to check if it makes sense to you.

If you do a "stand alone site" your problem is getting traffic...in my experience SEO is a bit of a myth (stands to reason really,

why would google loose its ad revenue by allowing people to "manipulate" it search algorithms...). In reality your google ranking

is a function of your traffic. As your traffic is heavily influenced by your google ranking you have to break that Catch 22. You can try adowrds, but its a total waste, it will get you traffic, but in terms of the business it generates its hugely expensive (maybe has some

use if you are selling big ticket stuff...), I've always found that linking to other sites where there may be a common interest for the

punter works OK (helps google place too apparently), or if thats not available a paid ad on someones site can work (though remember

the sites conetent has to attract the kind of customers you want to attract). Bizarrely I find what works best for us is print ads. Oh..and

theres lots of people out there who will mail "500,000 opt in customers" who have an interest in what you are selling...just don't bother with them at all. You can do all the social networking stuff too with facebook pages, that helps, but really only as one samll part of a marketing effort, also its effectiveness depends on your customer base (i.e a facebook page will work better for something aimed at kids than something aimed at the 50+ market...)

The long and short of it is that unless you have a completely new and amazing and not done idea before to stick up on the web (if thats what you have then, way to go, potential riches await you) getting traffic for a stand alone site is the devils own job...thats why ebay is probably a good option to start at least..though do remember it is a very low cost enviroment.

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Ebay.co.uk store fees

Basic shop is £15 a month

If you are listing 233 or more a month upgrade to 'Featured Shop' @ £50 a month then, 20p listing fee drops to 5p fo one category listing

(unless you are selling in media cats, where fee is only 10p, so 700 or more is breakthrough for Featured shop.

Above is for Buy it now's (BINS) Auction costs remain the same despite shop level. Most sellers use bins, auctions are for rarer items or to attract buyers to store

Ask you questions/ search old posts on ebay Biz & Q & A forums , they are very useful.

I still sell on ebay, after doing so for years, but have to sell on amazon & playtrade.com as well to make the same living.

it is very competitive, items over £10-15 are best sent rcd delivery, start with uk to find your feet & then move to international.

Be very careful with buying stock as it is so easy to be stuck with it, unsold.

Basic Web stores like http://www.ekmpowershop.com are £20 a month, thye will import ebay listings for free which can save a bit of work if you have 100s.

You may also want a stock / order management system, http://www.linnsystems.com is very popular amongst ebay sellers (see biz forums) £28 a month

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Ebay would be a good place to start. Very little investment required, you can see if your model works, and when you get tired of the fees, you can set up you own outlet. I buy from several suppliers who started out down this route - some just selling stuff on eBay, then graduating to a shop, then a dedicated e-commerce site elsewhere.

The advantage of eBay is the whole selling infrastucture is there for you - listings, payments, tracking. The downside is that it costs.

To be honest, I seem to look on eBay first for most things. I don't necessarily buy there, but it gives an idea of the market.

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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