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<p>[QUOTE="Player11, post: 1144550, member: 26725"]To the OP: What a string of bad luck. </p><p> </p><p>I have sold on ebay for going on 13 years. Operating an ebay store helps. I don't usually sell big ticket stuff there over $300 (do it at the shows). I resent ebays high fees and their favoring the buyer along with their stupid feedback policy (violates free speech) - a seller cant leave negative feedback. It costs me 12% of sales to operate on the bay - I list stuff I can buy low and sell high. As a paying customer, I resent the Bay meddling in my business. I give customers "free shipping" but put ship cost in price of item to shut up the shipping cry babies. Lately I have been buying all the silver proof sets and mod silver commems close to melt I can on the bay and been pricing them in the shop at cost + 35% or more.</p><p> </p><p>Table fees at show are expensive but with the volume I usually do buying and selling its usually worth it but it takes up your weekend. I usually can sell a coins at a show for at least 10% less than what I would have to have for it on the Bay. I allocate the show costs between the sales and purchase activity. Then the sales piece is treated like a commission and the purchase allocation is treated like buyers fee and added to the cost of the inventory. To really make it work on the show circuit it probably takes an inventory investment of $100-200K at least then the show expenses aren't such a big hit. Thats not enough by itself because it takes good skills of buying low and selling high - thats what the coin business is all about. I have seen people who had strong numismatic knowledge and skills fail in the coin business bc they could not master the business end (buy low / sell high) and others who succeeded greatly with only just basic knowledge but had strong business skills. It takes cost plus about 40% to make it in the coin business.[/QUOTE]</p><p><br /></p>
[QUOTE="Player11, post: 1144550, member: 26725"]To the OP: What a string of bad luck. I have sold on ebay for going on 13 years. Operating an ebay store helps. I don't usually sell big ticket stuff there over $300 (do it at the shows). I resent ebays high fees and their favoring the buyer along with their stupid feedback policy (violates free speech) - a seller cant leave negative feedback. It costs me 12% of sales to operate on the bay - I list stuff I can buy low and sell high. As a paying customer, I resent the Bay meddling in my business. I give customers "free shipping" but put ship cost in price of item to shut up the shipping cry babies. Lately I have been buying all the silver proof sets and mod silver commems close to melt I can on the bay and been pricing them in the shop at cost + 35% or more. Table fees at show are expensive but with the volume I usually do buying and selling its usually worth it but it takes up your weekend. I usually can sell a coins at a show for at least 10% less than what I would have to have for it on the Bay. I allocate the show costs between the sales and purchase activity. Then the sales piece is treated like a commission and the purchase allocation is treated like buyers fee and added to the cost of the inventory. To really make it work on the show circuit it probably takes an inventory investment of $100-200K at least then the show expenses aren't such a big hit. Thats not enough by itself because it takes good skills of buying low and selling high - thats what the coin business is all about. I have seen people who had strong numismatic knowledge and skills fail in the coin business bc they could not master the business end (buy low / sell high) and others who succeeded greatly with only just basic knowledge but had strong business skills. It takes cost plus about 40% to make it in the coin business.[/QUOTE]
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