Hello Everyone, I'm a casual Ebay seller (5-10 items/month) - a few auctions and a few BIN. With the BIN Ebay prompts the seller to pay extra to promote the listing. For those who do more volume than I do: is there any true benefit to paying the extra fee to promote your listing? If so, what percentage works best, since they give you options but aren't really clear about the benefit of choosing a higher percentage versus a lower one? Thanks for any feedback you have, Mike
There's really no reason to do it, especially for a casual seller. All youre doing is giving them a greater percentage at which point somewhere like Great Collections should be strongly considered whether or not the item does better on eBay or not. It's not worth the extra views to jack up your fees
I have bought around 100 coins off ebay since January. Coins ranging 6.00 - 300. I get probably 5 of those seller offers a day. I have never used 1. Ever. If I haven't pulled the trigger on your coin its not the price. It's because there is a better example I have my eye on... or I already bought another example and just haven't taken yours off my watch list.
Good question IMO, I hope someone who's done it weighs in on the pros and cons. I sell on craigslist with success so far - cash transactions and I meet at the local court or police station - and I have a counterfeit bill marker I picked up at Staples. No fees that way. Others recommend Facebook, but I'm not a social media guy. I buy a lot of coins on eBay both raw and slabbed, but I'm either looking for something specific - a better 1926 d SLQ for example or an opportunist - if I see something shiny I'm liable to low ball bid it, and I win about 20-25% of those. Here's one I lowballed (in my view) recently that I won ($47.50). Sorry I think I've wandered off topic, lol.
Yep you are right. I completely misunderstood what was being discussed. On that note.... I always scroll down and look at promoted listings. I click watch and buy them all the time. I almost use them as a lazy search feature. Thanks for clarifying the subject matter. My apologies.
I've used it but there's no way to know if it's working. If you sell that item, is it because it was promoted or would it have sold anyway? This was never clear to me.
I sell but have never done this. BUT if I had something really key I might. Perhaps selling an 1893 s Morgan. Something that brings a high price when it sells. Something a lot of people would be interested in.
The seller will see "sold via promoted listings" prominently displayed in the sale record under the 'orders' tab if the buyer first clicked the item via the promo. If the buyer gets to the listing otherwise, it is not considered a promo sale. Sellers will also find the promotional fee charged as "ad fee standard" under the 'payments' tab. I use the promoted listings feature for all my fixed-price items. I'm not a high-volume seller but anecdotally ~50% of my fixed-price sales over the last 10 weeks have been via promoted listings.
People sell stuff with and without it. I would guess that it works out better for people who sell electronics and things that have a more crazy market though. Overall, it's a waste of money in my opinion.
I've tried "promoting" some of my eBay listings, but never noticed that it worked better than the regular way.
I have been selling on eBay since 1998. Right now I have about 650 items listed in my store. Currently I have no auctions running, all are Buy It Now or Make Offer. Promoted listings are a waste of time and a way to give eBay even more money. The only way I would "Promote" a listing is if it is in a category with a large amount of like type items. Such as Nike "Jordon" sneakers. Since I sell all vintage collectibles, coins, stamps, advertising, toys, books, etc there is usually a limited amount of the items like mine. People who are looking at my items know what they are searching for. It is more a matter of good photos, and accurate descriptions.
Same, here. I've always had issues with eBay...worse than ever these days...mainly with their communications/explanations...mode/method of access, non-English-speaking personnel (barely, if not able to understand heavy accents), omitting and/or overlooking key points of options, functions and consistency...almost like they don't want you to know or understand (maybe because they/themselves don't...which is scary either way). Suffice to say, think they've become too big for their britches and the right hand can't/doesn't keep up with the left hand, if each even knows what the other is doing. I could go on, but enough.
i have done this a few times, but i think promotions or coupons work better, currently i have everything in my store at 25% off..lol no coins, just collectibles and autographs and tools and stuff...they would not let me sell coins due to being in the managed pay-out tier
