I don’t recommend promoted listings if you sell under 10 items a day, I’d just give the promoted listings rate to your customer in the form of a discount. Hopefully this makes sense.
I already start at a discounted rate, but I usually also promote items that arent super hot. If I know an item is gonna sell that week I avoid promoting it.
@@dailyrefinement When I say not super hot, I mean maybe it takes a month or so to sell. If it sits for weeks, then I know its the item or the listing. I like to sell now and price to do so. Maybe some of my promotions arent necessary when I use them, but I'm new enough I don't want to guess that and wait for sales. The majority of the time I'm selling my items on non promoted links anyway, so I think the notion of promotions being wasted money is a half truth. It can be wasted money, but I'd rather make truly hot items the only thing I don't promote. As a new seller I've got 103 actively listed and 113 sold in under two months selling with 2500 in sales (part time), so I think I'm doing ok.
I had a cutco knife I have been trying to sell for almost a year, put it on sale twice. Finally put it at 10 percent promoted and it sold for full price.
I agree that every item has its place. I promote many items but not all. Usually, I promote high-dollar items or ones I have a high markup on especially when I have enough quantity I want to move through quickly. OTOH as he states I am in a particular market and know my items very well. At first skeptical about promotions, but I found they increased sales by 30%. While I like to give my customers a discount, that was not adding up to the same 30% increase in sales. Average 15 items a day on a yearly basis with approx $250K a year gross. Its been a good gig.
Man thank you so much I'm learning so much from you. Like for real. I've always been interested in selling online and I have 32 sold items on ebay and starting to get the hang of it. I have 70 listings and I'm getting 1 or 2 sales a day and gaining momentum. I've been losing sleep planning on how to grow and I went to goodwill today and was picking out alot of women's clothes. I just need a better system of how to reinvest and how to store and ship items
Chris I upped my promoted listings, and was getting constant sales. Havent had any sales in the past two days, but I did pretty good last week. Im at 3-4 sales per day, and promoting my listings is the only way I get a ton of traffic.
Your first example seems flawed in that the 3 sponsored listings are BIN, but the non sponsored listing is auction format…promoted listings work different for BIN vs auctions
Its starting to seem like ebay is getting more greedy in a stealthy way with all these recommendations to increase promotions. I could be wrong but it seems like ebay is trying to manipulate lots of sellers into using a higher percentage of promoted listings and raising the percentage with their "suggestion".. Back when it first started you could have as low as 1% for promoted listings and overtime it kept increasing as if 1-3% won't even matter and you're forced to raise it to their "suggestion" Maybe that's not how it works but it kinda seems like the case.. I even have "suggestions" from ebay to raise mine to an extra 8-10%+ now as if its under 3% it won't ever work. Maybe others are noticing the same thing? Either way I'm now considering removing the majority of my promotions at this point except for a few cause its looking more like ebay being greedy in a stealthy way.
@@MackLee23 I know right. Their greed is getting ridiculous. They might as well just start suggesting 30,40, and 50%.. I mean hell.. why not just have an option to donate all our sales to the eBay lords cause it’s not like we don’t need money or anything.. cause why else would we be selling on eBay. 🤦♂️
Small time seller here. I don’t have 10 sales a day. It doesn’t seem right I have to pay extra to get my items looked at. I have to pay the promoted price up front. So for now I don’t really use it much.
As for me I promote almost everything, but I keep that in mind when I'm sourcing. I pay a dollar or less for my shirts or pants. That way I have enough margins to cover eBay ransom and still make a profit.
Thanks, This got me curious, as I have been promoting my listings to the ebay suggestion, capped at 10% for a couple months now to try and boost sales. One category I sell in is Ties, which suggested promotion is always between 9 & 9.2%, it changes daily. I searched 2 different brands I currently have listed by brand name under "Best Match". Both resulted in not even showing my listings. I then logged out of my account and performed the same 2 searches, The ties did show up towards the bottom of the page after about 50 or so other listings and non of my listings indicted they were even sponsored or promoted. About 50% of sales have been threw promoted, but not sure how much it is actually boosting my visibility, going to try removing it and adding an additional 5% discount on my discount sale instead and see what happens
I was thinking of using promos for bundled items because if the customer sorts by price your bundled items will always be at the bottom. So if you have a good price you won't be able to use sort by price to get the sale. You need another way to get your good price in front of the customer's eyes.
I have my dad’s old 45 records with sleeves. I put up the beetles “can’t buy me love” and i promoted it at 9%. Listed at $500 with $250 as min offer. Almost immediately I was offered $300 and I countered at $400 and the offer expired. Did I make a mistake? Should I put it up for auction?
Theres something wrong with ebay. I had 5 listings, couple clothing items and some pins. No shoes, Nothing designer. They suspended me, deleted my items and no reason. I havnt even sent a message, no offers to buyers, I havnt tried to buy or bid on anything, I think I opened my account a month ago after watching some of your videos. Now... POOF. (love love love your content!) That being said is there anyone that can help me?
I just bought out a video game store and am not offering any discounts or promotions. Getting every penny is a relief after this clothing game of suggested rates, lowball offers and shipping rate increases
I'm sorry for being a bit off topic but I keep running into this problem with eBay that is driving me nuts as a buyer. This also affects me and everybody else as sellers. If you type in an item in the search bar and then click search. It will bring up, as an example, 500 items. And then if you change the filter to lowest price first, there will be way less items. It usually cuts it down to about half the amount. Why is this? Is the eBay search algorithm broken?
eBay search is broken. I can look for an item and not find it. instead Womens caps Sponsored from China pop up. Well maybe I have a rare item. I will google search and there it is ibeing sold on eBay. More than a few words in an eBay search will throw it off.
I spoke to eBay and said it would be better to give the customer the discount. They disagreed and told me that you are better to pay ebay to sell. Seriously, it's a joke.
Are Promoted Listings really worth the Expense?.....I have Sold around 10 sets of Hat Pins & because they are selling Very well, Ebay is Promoting Them for Free! I Think if your Sales Are Going well on Items, it makes Sense that ebay would Promote your items for Free Because More sales= More Profit for Ebay!! What do you think about my Assumption Chris?
Now That Was Actually Very Useful! I've Been Basically Giving Away "FREE MONEY" To EBay Everytime I Sell A Vintage Item At Their "Recommended" Highest Promoted Listing Percentage‰ (averages now are between 9 &14% eBay recommends for promotions-used to be a lot lower!) ...Which Unfortunately 😢 I've Been Doing the highest % Everytime.🤬👍🇨🇦
You sir have taken a very selfish position. Promoted listings are just an additional fee designed to fill eBay’s coffers. Does it then become an arms race to see who pays the most percent? Sellers in competitive categories may get a temporary sales boost but it's really at the expense of other sellers. Eventually those sellers losing their sales will also start promoting and... here you can see the problem. A few years down the road, we may be all be paying 5-10% promotions just to get the same level of sales as we had before.
@@dailyrefinement I'd remove your comment which can only hurt you and other sellers, we don't need these prices going off roof, you can match the BID and it works. Otherwise you are only escalating costs.
I don’t recommend promoted listings if you sell under 10 items a day, I’d just give the promoted listings rate to your customer in the form of a discount. Hopefully this makes sense.
I already start at a discounted rate, but I usually also promote items that arent super hot. If I know an item is gonna sell that week I avoid promoting it.
I've been doing 3% on items that have a low sell through rate and honestly it's been working pretty good.
@@corpsefenn that would fall in line with the advice in this video. Better items wouldn’t need promotion.
@@blitheringrando1410 that falls in line with buying better items that don’t need promotion when you start.
@@dailyrefinement When I say not super hot, I mean maybe it takes a month or so to sell. If it sits for weeks, then I know its the item or the listing. I like to sell now and price to do so. Maybe some of my promotions arent necessary when I use them, but I'm new enough I don't want to guess that and wait for sales.
The majority of the time I'm selling my items on non promoted links anyway, so I think the notion of promotions being wasted money is a half truth. It can be wasted money, but I'd rather make truly hot items the only thing I don't promote.
As a new seller I've got 103 actively listed and 113 sold in under two months selling with 2500 in sales (part time), so I think I'm doing ok.
2% works fine for me, most of my sales come from promoted listings.
I had a cutco knife I have been trying to sell for almost a year, put it on sale twice. Finally put it at 10 percent promoted and it sold for full price.
May I know how much you paid?
I agree that every item has its place. I promote many items but not all. Usually, I promote high-dollar items or ones I have a high markup on especially when I have enough quantity I want to move through quickly. OTOH as he states I am in a particular market and know my items very well. At first skeptical about promotions, but I found they increased sales by 30%. While I like to give my customers a discount, that was not adding up to the same 30% increase in sales. Average 15 items a day on a yearly basis with approx $250K a year gross. Its been a good gig.
Man thank you so much I'm learning so much from you. Like for real. I've always been interested in selling online and I have 32 sold items on ebay and starting to get the hang of it. I have 70 listings and I'm getting 1 or 2 sales a day and gaining momentum. I've been losing sleep planning on how to grow and I went to goodwill today and was picking out alot of women's clothes. I just need a better system of how to reinvest and how to store and ship items
4 months later hows everything going
2% across the board works best ever since I started my sales have nearly doubled and about 40-50% of my sales come from promoting listing
Great video and to the point. I understand Promoted Listings much better now. Thanks for posting.
Chris I upped my promoted listings, and was getting constant sales. Havent had any sales in the past two days, but I did pretty good last week. Im at 3-4 sales per day, and promoting my listings is the only way I get a ton of traffic.
You rock!!! Thank you for all the amazing content you share with us! 😊
Learned some great nuggets, thanks!
Your first example seems flawed in that the 3 sponsored listings are BIN, but the non sponsored listing is auction format…promoted listings work different for BIN vs auctions
You just saved me a lot of money. I wish I had seen this video a year ago. thank you!
Its starting to seem like ebay is getting more greedy in a stealthy way with all these recommendations to increase promotions. I could be wrong but it seems like ebay is trying to manipulate lots of sellers into using a higher percentage of promoted listings and raising the percentage with their "suggestion".. Back when it first started you could have as low as 1% for promoted listings and overtime it kept increasing as if 1-3% won't even matter and you're forced to raise it to their "suggestion" Maybe that's not how it works but it kinda seems like the case.. I even have "suggestions" from ebay to raise mine to an extra 8-10%+ now as if its under 3% it won't ever work. Maybe others are noticing the same thing?
Either way I'm now considering removing the majority of my promotions at this point except for a few cause its looking more like ebay being greedy in a stealthy way.
I've recently seen suggested percentage for promotion as high as 13%. Ridiculous.
@@MackLee23 I know right. Their greed is getting ridiculous. They might as well just start suggesting 30,40, and 50%.. I mean hell.. why not just have an option to donate all our sales to the eBay lords cause it’s not like we don’t need money or anything.. cause why else would we be selling on eBay. 🤦♂️
What does it mean when an item has a price tag and says plus shipping does it means you have to to pay twice. Eg $45 + shipping
Small time seller here. I don’t have 10 sales a day. It doesn’t seem right I have to pay extra to get my items looked at. I have to pay the promoted price up front. So for now I don’t really use it much.
As for me I promote almost everything, but I keep that in mind when I'm sourcing. I pay a dollar or less for my shirts or pants. That way I have enough margins to cover eBay ransom and still make a profit.
You're the reason I can't get boxes off the usps site right now.
If I don’t keep click through at a certain level sales stop. All my sales on promo listings came on items with high click through.
Thanks, This got me curious, as I have been promoting my listings to the ebay suggestion, capped at 10% for a couple months now to try and boost sales. One category I sell in is Ties, which suggested promotion is always between 9 & 9.2%, it changes daily. I searched 2 different brands I currently have listed by brand name under "Best Match". Both resulted in not even showing my listings. I then logged out of my account and performed the same 2 searches, The ties did show up towards the bottom of the page after about 50 or so other listings and non of my listings indicted they were even sponsored or promoted. About 50% of sales have been threw promoted, but not sure how much it is actually boosting my visibility, going to try removing it and adding an additional 5% discount on my discount sale instead and see what happens
Very useful you explained it best on the internet thank you for your knowledge 👍 God bless your heart 👍❤️🙏🏻
I was thinking of using promos for bundled items because if the customer sorts by price your bundled items will always be at the bottom. So if you have a good price you won't be able to use sort by price to get the sale. You need another way to get your good price in front of the customer's eyes.
I’m going to try it with my new 9th Gen 256GB IPad, as oddly I’ve had no luck with it lately.
love your advice. any change in your advice since "dynamic ad rate" launched a month(ish) ago?
Sir just a question how can I be removed on below seller rating cause it affects my sale.they charge extra 5% on it
I have been cancelling and relisting items that were promoted but not listed right. I have been getting better traction with doing that
I have my dad’s old 45 records with sleeves. I put up the beetles “can’t buy me love” and i promoted it at 9%. Listed at $500 with $250 as min offer. Almost immediately I was offered $300 and I countered at $400 and the offer expired. Did I make a mistake? Should I put it up for auction?
Oh and do you know if someone promotes alot if you can write any of that off at tax time this is my first full year doing ebay in regards to taxes
Didnt you get banned on ebay?
Theres something wrong with ebay. I had 5 listings, couple clothing items and some pins. No shoes, Nothing designer. They suspended me, deleted my items and no reason. I havnt even sent a message, no offers to buyers, I havnt tried to buy or bid on anything, I think I opened my account a month ago after watching some of your videos. Now... POOF. (love love love your content!) That being said is there anyone that can help me?
you should call support
I just bought out a video game store and am not offering any discounts or promotions. Getting every penny is a relief after this clothing game of suggested rates, lowball offers and shipping rate increases
How do you modify the promote rate
What is the 2% of? What are the $ costs?
they only charge when u sell
Thank you for clarifying apppreciate you!
Any time!
I'm sorry for being a bit off topic but I keep running into this problem with eBay that is driving me nuts as a buyer. This also affects me and everybody else as sellers.
If you type in an item in the search bar and then click search. It will bring up, as an example, 500 items. And then if you change the filter to lowest price first, there will be way less items. It usually cuts it down to about half the amount. Why is this? Is the eBay search algorithm broken?
eBay search is broken. I can look for an item and not find it. instead Womens caps Sponsored from China pop up. Well maybe I have a rare item. I will google search and there it is ibeing sold on eBay. More than a few words in an eBay search will throw it off.
Can i list the brand item on my eBay account?? Like Apple, Sony,Samsung
no if you do the GSG 9 is gonna raid you
I have tried with an ad rate of 10% with no luck (weeks). I am now using an eBay ad rate of 42% and will see if that works out.
Bruh 😂
I did 10% promoted listings
I spoke to eBay and said it would be better to give the customer the discount. They disagreed and told me that you are better to pay ebay to sell. Seriously, it's a joke.
So I should do promote than
Instead of giving 20% to ebay. Only give 12% and the other 8% you can leverage for a better deal.
please make a new up to date promoted listings video!
Are Promoted Listings really worth the Expense?.....I have Sold around 10 sets of Hat Pins & because they are selling Very well, Ebay is Promoting Them for Free!
I Think if your Sales Are Going well on Items, it makes Sense that ebay would Promote your items for Free Because More sales= More Profit for Ebay!!
What do you think about my Assumption Chris?
Thanks! That was helpful.
the 4th listing was an auction you cant promote auctions .. 1:00 you're losing credibility man
Hello Chris.
Didn’t you get banned from eBay?
Lol if you wanna talk customer service, try turning your messages on so customers can actually reach you on your selling platform.
@@Anbotz91 its a fake bot account
did you get reinstated on ebay. i haven't been following, did i miss something.
Now That Was Actually Very Useful! I've Been Basically Giving Away "FREE MONEY" To EBay Everytime I Sell A Vintage Item At Their "Recommended" Highest Promoted Listing Percentage‰ (averages now are between 9 &14% eBay recommends for promotions-used to be a lot lower!) ...Which Unfortunately 😢 I've Been Doing the highest % Everytime.🤬👍🇨🇦
interesting that you don’t recommend
Promote at 80%! LOL
🔥🔥🔥
You sir have taken a very selfish position. Promoted listings are just an additional fee designed to fill eBay’s coffers. Does it then become an arms race to see who pays the most percent? Sellers in competitive categories may get a temporary sales boost but it's really at the expense of other sellers. Eventually those sellers losing their sales will also start promoting and... here you can see the problem. A few years down the road, we may be all be paying 5-10% promotions just to get the same level of sales as we had before.
That's funny to know. If a listing says "sponsored" I usually will not buy it 🤣 oops
I do the same thing😂
A+++++++ ✅
Promoted listings at 3% account for 50% of my sales
What happened when lots of people want promoted listings? ebay make lots of money awhile you struggle to get on top amidst everyone else🤣
Yeup, whenever paid advertising comes along, highest bidder becomes a paid game
@@dailyrefinement I'd remove your comment which can only hurt you and other sellers, we don't need these prices going off roof, you can match the BID and it works. Otherwise you are only escalating costs.
And no, up bidding doesn't work my listing ended out sight. Guess algorithms see BID match
@ronu7313 What he said is true. The people that use 2% will get buried by those using 5 and 10%. It's just how it works.
Heyyy
Hi brother. So youre back selling on ebay afterall ?