People Who Don’t Do This Are NOT Serious Resellers
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- Опубликовано: 28 июн 2024
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One does not need to give Ebay additional money to be a "serious reseller". I've watched the fees climb steadily over the last 25 years, in order to be a serious business owner one must make sure they aren't leaking profits all over the place! Love the videos & keep up the good work!
I am a strong believer that if I don't promote, my items do not show up in searches. I am also a strong believer that this does not apply to all sellers.
If I don't promote, I don't sell anything.
That said, eBay admits 70% of sellers don't promote so apparently not promoting works for some.
It is believed that if there was 100 exact items and you didn't promote, your item could be at the bottom of the search and unless buyers click on every page or scroll to the bottom you will not be seen, then you promote 2 percent that could put your item at #50, 5 percent puts your item at #30, 10% at #20 and 50% puts your item at the top. Then if you don't promote, your item may not show up at all in the search. I know this because I have had several ebay reps explain this to me, every rep has a different story to tell about promoted items.
But going back to what I originally said. This does NOT apply to all sellers. Like Kevin, he sells a lot of items without promoting. Maybe ebay has its favorites, maybe Kevin has some family members or friends that works at ebay pulling some strings, who knows why this happens to some sellers and not others.
Who are the dumb resellers that's in the thumbnail?
It depends on the item you sell. Some items don’t need to be promoted to sell and other items seem sell only through promoted listings. I have sold electronics (cameras & projectors) and anything do with trains without promotion. Everything else has sold through promoting it.
Viewers not only buy your items, they constantly visit your store. EBay sees that organic traffic and ranks your store higher because of it.
Do I promote; No. Do I think I have to promote? No I dream of genie!
over 24 years selling on ebay. I have never, ever promoted a listing. It's a part time hobby for me. $9,000 in sales in the last 90 days. I typically sell about $20K per year. The last 3 months I have been listing daily, every day, no exceptions. That has done more to help my sales than anything else.
I promote everything I list, except rare cases. I'm in it for the quickest sale possible. I'd say what you should do just depends on your personal business model/accomodations. Btw I usually do 5%--8% depending on what it is. Definitely not standard promoting 😬
Edit: also, I never adjust the price because of promotions. My price is only calculated from other listings and sold comps
Who are the dumb resellers that's in the thumbnail?
I have started a RUclips challenge where my wife and I taking 100 and flipping that $100 to $1 million. I started out promoting everything but I realized a month in I was giving away some of my profits. So I quit doing that and the same day I did that I started posting 5 things a day( when the budget allowed it ) and I have a $3100, 90 day total with no promotions. My RUclips only has 5 subs and I don’t share this journey with any of my friends and family so it’s all eBay and my wife and I finding the right stuff to sale.
That's a cool plan, good luck I hope you surpass 1 mil!
@@Leeclarise Thank you so much!
Who are the dumb resellers that's in the thumbnail?
When making an EBay purchase I always scroll down past the promoted items before I start looking at specific listings. I had rather my money go to the seller rather than EBay.
How do you identify if a listing is promoted or not?
Who are the dumb resellers that's in the thumbnail?
I accidentally promoted all of my items at 40% instead of 4% a while back. Fortunately, I only sold 4 items that day, It occurred to me then , that it does not have that much impact.
I've been selling on and off for 20+ years, I've probably promoted 3 items, only the highest prices items that I needed an edge for. Otherwise it's not worth the fees they take, I've never offered refunds either. It boils down to what Kevin always says, "It all depends on you and what your needs are." There's no right or wrong about it.
Great reply!!! I think anyone who thinks there’s ONE RIGHT way to do this, is fooling themselves - Kevin channels are our favorite RUclips channels and the reason we even started our reselling page…. I’ve learned SO MUCH in just the past year - 🙌🏼
Auction Professer kills and does not promote a single item
Just started promoting in may and it has really made my sells go up.
Who are the dumb resellers that's in the thumbnail?
Thank you so much for the kind words Kevin! As you said, we promote one item I think! For my inventory type it’s not needed imho. We work very hard and long hours but sales are fun. Maybe I’ll pass you while you’re on vacation 😉😉😂
I dream of Genie! I promote most things 3-5% because I’m mainly a clothing reseller. I don’t think you need to promote depending on what you sell. Anything with a good selection through rate or something rare I don’t bother promoting.
If you do promote, do so at a lower level and raise your price accordingly. We do 2 percent. We tried it for awhile without and it does make a difference at least for us
My past two years is proof that promoted isn't needed. Two years ago, I promoted everything. Last year, I reduced my promoted listings down to 50% of listings and my sales were 25% higher. This year, it is less than 25% promoted and most of that is old stuff leftover from last year and I'm up another 15% in sales compared to the year before and it's only been half the year, we have yet to get through 4th quarter. Last year, I made the decision to focus more on ASP and sell through rate instead of relying on promoting and have been the better for it. I spend less time sourcing, sell less items but am making more $$ with far less promoted sales (only 10% of total sales come from promotion). And I don't do social media.
Ok, funny thing while watching this was about 2 minutes after your ca-Ching went off… mine did and I thought “Sheesh Kevin, really rubbing in those sales…oh wait, that was mine.😂”
Nice
I do promote at 2% only on a 3600 item store. I had 200 old listings of carded Hot Wheels, I had not listed any additional Hot Wheels this year and we all know what ever category you list in is where you get sales. So I put 100 of them on at 9% promotion which is like 18% since the shipping is almost equal to the cost of the item. I noticed that, listing I could send an offer to, it was all Hot Wheels that were 9% promoted. This week I took them off the 9% (had 8 sales) and put them all on 20% off sale and they started flying out the door which is amazing since they have been listed for 18-30 months. I like the sale aspect because it earns me repeat customers, due to getting a good deal. I dream of genie.
I Dream Of Genie .
I started seriously selling Jan 25th this year. did promote my entire store. But I started to realize the “suggested promoted rate” kept getting higher and higher.
I had most at 9% and some at 15% (in saturated categories) but I started getting better at buying better items and I I did not like listing something that sold overnight and eBay gets an extra 10%
After a few of those I lowered everything to 2% and did not really notice a difference. About 40 days ago any new listings I did not promote . 14 days ago I took everything off promotions. My 90 day total still hovers about the same $16K
I promoted for a few months as an experiment. After looking at the numbers it didn't make enough difference for me to off set the cost increase. I don't think it makes enough difference in the catagories I sell in. I heard a wise man say, "If you take good pictures and write good titles stuff will sell."
If it’s a good item no doubt.
I see that there is still a lot of controversy regarding promoting. I would be curious to see if you “Kevin” promoted all your listings at lowest percentage, if it would increase sales… I think it would be the only way to truly know if it’s worth the extra fees or not. 🤷♀️
P.S. I’m not a reseller on eBay.
I dream of Geinie! I don't promote, nor think it is necessary to do so. I have only been selling for three months, so I still have a lot to learn. Listening to a few experienced resellers some promote and some don't, but the advice stays the same for all of them, pick good items for low prices, take great pictures, use good key words, and list competitively. So that's what I am trying my best to do.
One reseller that I listen to promotes all their items, so I promoted a few items, some sold, and some still haven't two months later. I decided it wasn't a good business model for me. This may be crazy, but I believe you give power to what you focus on, positive or negative.
Thank you for all your advice. I hope to shake your hand one day!
Being a Beatles fan love the shirt today!
2800 items listed. Always promoted but this was an interesting video and perspective.
I promote everything at 2% unless it has a better than 100% sell through rate. I don't know if it works or not but I guess I'm afraid to try. I do know that it hasn't increased my sales since I stopped promoting at the suggested rate. It depends on your store and what you sell.
I have never promoted and I don't intend to ever start. I am past the point of trying to make my reselling my primary income, but I still supplement my income from eBay sales and I plan to continue that for many years to come, in addition to liquidating personal collections and liquidating my dad's collections to supplement HIS Social Security. What I have noticed seems to be a better boost to ongoing sales is to continually list new items. Not only do many of the new items I list sell quickly, but It is odd how often after I list another 20, 30, 50 items, suddenly I sell a bunch of things that have been just sitting for a couple of years.
What's even more odd is that at times I may have just two or three of an item that has been listed for a couple of years, and suddenly all three will sell within a few days to people in different parts of the country.
When I list items I also get sells seems that listing items gets all your items seem
I have been promoting most of my items at 2%. I promote those that are a bit more saturated but for those that are more in demand I don’t promote. I sell clothes and shoes. I dream of Genie
This guy never talks about bad eBay days. Never talks about crooked buyers- where the Seller (him) looses a case. It’s all happy Jolly Good ol’ EBay Banjo riff the day away 💆🏻♂️
I do not promote and don't know if it would make a difference. I will say I learn SO MUCH from your videos I love watching you. You keep my full attention every time. ❤
Promoting depends on what type of things you're selling. I both promote and don't promote in my store - I promote postcards and don't promote Barbies and toys. Since postcards is a low sell through category and has millions of items, it needs promoting. Barbies sell for themselves and have high sell-through rate so don't need promoting at all.
Who are the dumb resellers that's in the thumbnail?
@@carlagraca6022 ?
@@johnjeffreys6440 ?
I dream of Genie! Do I promote? I did a few when I first started but I don't any more. Out of 417 items I have listed, only 17 items are on promotion. I do this part time. I source one time a week and I work on eBay about 5 hours a week. And my 90 day total is around 4700 dollars. I think I'm crushing it with the hours I put in a week.
I do 3k a month without even trying with no promoted listings. If you have good items at reasonable prices with most importantly (in my opinion) good pictures and descriptions things will sell themselves.
I promoted an item 1 time, I think it was already a good item and I just wanted to get as much attention as possible. When I sell a item, I try to see how far up in the search I can get my item, but I sell alot of rare antiques.
I do pretty well with old towels. Especially Cannon sculpted towels from 70’s!
PS. I promote clothes at 3% and everything else at 2%.
I Dream Of Genie!! Yes I do promote some of my items. Actually I’ve been testing the waters with Ebay promotions to see if I see a difference.
Do I promote, yes. Do I promote at standard no. I promote because it's summer and sales seem to slow down on me. Plus, we are going to Germany and in the money in a timely manner. What I never promote is hot items. I checked an item off my picker's bucket list. Found a first edition CPK or The Little People in the wild. Bought it for $5 and sold for $510.
Another great vid Kevin! I'm always looking for Tasmanian devil items, they sell fast. I stopped doing promoted listings around 6 months ago. Haven't noticed a difference.
Resellers who can't ship every single business day without a hiccup aren't up to snuff for the algorithms😅
Love your channel. I learn something every time I watch! I do some promoting I pick and choose what ones to promote thx
Yes. You are calculating correct. eBay gets about 30 of the money I bring in.
If you pick up items with a high sell-through rate, you don't need to promote. If you sell items with a small active market, you don't need to promote. Low sell-through rate items or things that people wouldn't be actively searching for, or if you need a higher sell-through rate because you are just starting out or if you are very limited on space, will require promotion.
See that's the thing. You shouldn't have to jump through hoops and give eBay more money when they do absolutely NOTHING..... We source the item, ship it and deal with all customer service..
providing the platform isn't nothing but I understand.
Listing is what makes your items sell not promotions I don’t list everyday but when I list items I get sells it seems like if you’re listing your putting work in you get sells
Do I promote? Yes but not everything. Do I think I have to promote? No. I dream of genie!
I dream of Genie. I promote. I tried not to promote and sales went down. I have over 6,000 items listed. Some niched down categories that are more rare that I still promote at a lower rate.
Do I promote? No
Do I think promoting = success? No
If you would’ve asked me these two questions in the beginning of my eBay selling journey I would’ve disagreed with you 💯. Patience and like you said you have to stand out from the competition is what brings you success. Great inventory, great pictures, using key words and competitive pricing will sell itself.
I choose to promote items that consume a large portion of my storage space. As I increase my space, I will promote less and hold for top dollar
Yes ,I don’t think I have to!
While I still have a lot of promoted listings, I stopped using it on my newest listings. I've sold more of my newly listed items this month, than the promoted ones! It feels great to finally make a good profit!
I fancied the backside off David Soul when I was in middle school, I loved to watch Starsky and Hutch back in the day , anywho I'll carry on watching the episode 👍🏻🇬🇧
Do I promote? Usually Yes. Do you need to? No, it depends on what you're selling. The beauty of reselling is that you can customize everything to your needs. I experimented and found that I get more sales with promotion, more so than running a sale. So that's what I do, but other methods might work better for others. Oh, and I dream of genie :)
I promote all my items at 2%. I don't think I have to, but I do think it increases sales. My business model needs fast sales, so I try to check all the boxes. Good listing pictures, good titles, and a small promotion. All with 50% or higher sale through rates. I so understand that everyone's business model is a little different, but for now, this one is working for me.
Some people here have it right. You buy the right things to sell. Do that you dont need to promote. But some of us parttime resellers find good deals know the stuff will sell but need to break that top 100 items items list. I also am out of South Dakota. I watch the picking channels and see people pick up things we'll never have or see at prices that will never be that low. So i have to promote
Just did my dishes listening to Common Wealth Pickers, good as always!
Better than me doing the dishes
I do NOT use promoted (fees) listings. We do well. Everybody's model is different - we are INDEPENDENT - and as such, our results can be different than others. We've had an account since 1998 and over the years have seen so much. While we didn't get intentional on listing and selling as a business until 2019 - we did both purchase and sell prior.
I am very part time and I rarely promote, even still I can pretty much tell you when I list an item if it will sell "quickly" or not because I have a good handle on what I sell and how to price and title my items.
eBay forces small sellers to promote. It’s like extortion in a way. If I don’t promote my listings get buried. 3%. But I make 50:50 sales promoted vs not.
Yes dynamic like the RIN guys have a great video on how to. I don’t think you need to as long as it’s a fast sale through rate item.
I use promoted to increase velocity, but I don't think it's absolutely necessary. I do it to help clear space quick since I'm limited on storage space.
I tried promoting a few items at 2%. Some sold, some haven't. I don't think it matters enough for me to promote at any amount. I just price my items competitively.
90 day total hovering around 13k right now
Promotion may be good for me-too resellers, who sell common items that ordinary people might buy on impulse. This is really the toughest market, as there are zillions of the same thing. However, if you are selling antiques, or industrial items, or auto parts, you don't need to promote - buyers who need an ACE CONTROLS HB-15-50-CC-N-H1370 HYDRAULIC DAMPER will put the part number in and find your item.
(Thanks to Resale Rabbit for the example I grabbed!)
This year i decided to aggressively promote/advertise my listings. Of course my goal is to sell more and so far I'm up just about 40% this year. I think the increase in sales justify the extra cost. You are right you do not need to promote. I'm coaching a brand new reseller on eBay and I advised not to promote. He quickly sold out and in the jeans category. If you have desirable items, price them right and have proper shipping cost your items will sell.
Hey Kevin great video.
A few days ago I turned off promotion. Sales are down maybe 5%. CTR is identical, Conversion is up 0.1%.
I promote at the lowest 2%. But if your selling clothes,shoes or in high volume catagories I think you probably need to promote higher.
I go back and forth about promoting. I do it sometimes, like during the summer slow down, but not during Q4. I only promote at 2-3%. Although, I sell a lot of vintage one off items, and a lot of those aren't promoted at all. I have been annoyed to see that my promoted items are at the very bottom of the page, instead of at the top. What? I don't think I should pay to have my items LOWER in the results. I do think that if you sell certain things where there is a lot of competition you have no choice.
I dream of genie. Yes i promote 80% of my store. But at the bare minimum. And i dont feel like i have to promote, but i do think it helps get a couple more sales a month and ill take that.
I promote every single item at 2%. I get stuff cheap enough where i dont mind paying for the extra competitive edge. I have noticed positive differences. I dont NEED to promote but i prefer to
I do not promote. Also I don't buy anything from eBay that is promoted or sponsored. I tried promoting a bunch of items. Not impressed.
I promote across the board at 4% and price items based on sold comps.
I promote thoughtfully.
For instance, I don't promote new listings; they're already getting bumped.
Or, if I'm selling something that has a lot of competition, I'll promote 2-3% for the bump.
I haven't looked closely at the stats as I've only been selling a lot on ebay for a couple months. So that may change.
No I do not promote, and I think promotions are not necessary
I dream of genie.. I do not promote any items really.. but I do think it would help move items faster
We don’t promote. We were up to 30k for 90 day total. Unfortunately taken a huge dip to 17k over the past couple of months. Have considered promoting to bring it back up.
I've been an eBay seller since 1996. I do promote all of my 3000 or so listings at 3% across the board. I very seldom have slow or no sales. My sales are very consistent.
Do I promote, Yes - but I list for 2 weeks without promotion. If not sold, add 2% promote. Do I think I have to promote? No - it depends on demand for the item. I Dream of Genie!
I don't promote. My thought is if everyone is promoting them everyone is still in the same place. I would rather give my buyer the discount. One time, on my phone, I looked at the analytics and I had more generic views than promoted. I don't believe you have to promote.
My 90 day total is low at $2516 from Ebay & Poshmark. I go my deliveries shipped out late which hurts my store & sales. Must get better at shipping. Thanks!
Promoting does hurt when taking offers . I have one promoted and can even find it listed lol
I do promote all my listings at a standard rate. I would recommend for new sellers to not start promoting if they do not plan to continue...I stopped my promotions for a month and my entire store completely died in sales. It took a while for it to come back, but it eventually did. It makes me think that starting and ending would be worse than starting at all. But that's just my opinion. I dream of genie! :)
i Pad my pricing so I can run promotions..... i Pad every single offer by about 30% for fees and promotions.... I allow for a 20% discount on my items and the promotion fees. That way I get my return on investment numbers that looking for. I figured if eBay had some skin in the fight that maybe they will help me sell it faster and I'm okay with that.
The only thing I don't understand about youtube re-sellers is that they mention what an item cost them, then they tell the price they got for it. I would feel ripped off if I knew what a seller paid for their items. There is also a female reseller who brings in over $100,000 a year in addition to marrying a re-seller who is established who asks people to buy her a cup of coffee on her youtube page. I'd buy someone who had nothing a cup of coffee and even a meal.
I dream of Genie- I do promote @ the lowest 2% but I have not always promoted and I am in the middle of a 6 month experiment to see if it makes a significant difference. I do not have a store, yet- but am moving towards that- I have been casually selling since 2001 and since Nov 23- I have gotten more serious about selling / listing and am moving steadily towards retiring from my over 40 year career as a Licensed Veterinary Technician and selling more full time on Ebay- I would LOVE to test out a month of my reseller Genie. Thanks
I promote most listings--the exceptions being high turnover collectables where buyers have very specific searches set up. I use standard rates on a sliding scale: zero in the first week, relying on the 'new listing boost' for visibility; 2% for the second week, 4% weeks 3 & 4; after a month the lower of 'recommended' and 8%.
75% of impressions come from promotions but only 30% of sales, suggesting that organic impressions are more attractive than promoted, possibly because organic impressions are likely to be a closer match to the search terms (incidentally making a mockery of the 'Best Match' algorithm).
I also run markdown sales on a regular rotation of categories--books, toys, collectables, tools etc.
My margins are high enough I can afford a few percent extra costs without adjusting the price.
I don't believe you *have to* promote; it depends on your inventory and your preference or need vis a vis speed of turnover versus cost of sale.
I don't Dream of Jeannie (despite Barbara Eden's charming attractions) as I'm a UK seller!
I do promote. I'd like to not feel like I need to BUT I've tested it out by not immediately promoting when making a new listing and it will go for quite some time without any views everytime I should probably give it longer to test.
Sometimes if the item is worth 30 or above I will but I usual don't bother
I done a test on a smaller store of 700 items and added promote at 50% just in the hopes of clearing it out to help with my storage and moving issues at the time and my sales was pretty much dire hence I don't really feel as if its vital
I find just listing more items gets you more traction in the long run and yes in demand ltems dont need it at all ever
I hate ebay's 'promoting' ... I've only done it this past month because my wife lost her job and I've needed to kick things up a notch, out of desperation I promoted everything in my store, figured wth why not see what happens...... Very little has happened haha. I've sold some stuff on ebay but it doesn't feel like my sales have increased. I love Mercari's 'promote' button, it just takes a small % off your current total and 'puts it higher in results' or something... So when my wife lost her job I went WILD with promotions on mercari and sold a TON of stuff. Had my most sales ever in 1 day after two days of hard promotion on mercari.
So I have promoted over the last few years because that was the MO a couple years ago.. But I don’t pay fees on all my listings. The promoted fees only count towards the ones that people click on through the promotion. So I don’t really feel that it’s a bad thing. I only do 3%, and sometimes they sell promotion and sometimes they don’t and they just sell their own. It’s another factor to get your listing moving. And if you’re not giving a high percentage to it. Why not?. 3% if it sells is better than 0% if it doesn’t sell.
When I first started selling things, I promoted them. I no longer do. I don't think that you have to promote things, but I can see why some people might do that.
My father-in-law sells vintage toys on eBay makes over six figures a year and he doesn't promote not one listing lol
I do 3.3% across the board all listings. I get lots of sales from it and it's a smaller amount than recommended that doesn't hurt too much. I signed up for reseller genie under your link last month. It's great.
awesome. Thank you
@@commonwealthflipper it's a huge blessing as I sale strictly on ebay and can keep books without being good at spreadsheets
I didn't promote for a while, now I do all my listings at 2%. It is only twenty cents for a ten dollar item. It isn't breaking me for that little, but I think it is helping my sales.
Promoted listings is a money grab!!!! My sells are good without giving Ebay additional fees. I"M A SERIOUS RESELLER !!!!!
I dream of Genie :) I do promote at 3% only some of my items, I don't up the price to do it... its only on the older items. I don't have a store yet so I don't have the coupon opportunity.
Promoted listings are just another Ebay money grab. Case in question. I had 2 similar items (condition differed). Promoted one. Did not list other yet. Promoted one, bunch of watchers, no offers first week. 2nd week those views and watchers cut in half. by 2 months, no new watchers and very few views. Listed non-promoted, 3 days it sold. Pulled promoted one, relisted non promoted, sold in 4 days. The big thing on promoted is supposedly impressions meaning supposedly they are one click from your item. Impressions dont relegate to sales.
Talked to another seller that promoted at 100% just for shit and giggles, that item never did show up on page 1. It also never sold.
The ones that claim you have to promote, aren't as bright as they think they are. They let ebay run their business instead of them using ebay to run theirs. Top Rated Longtime seller here of 24 years,
Agreed. Promoted listings are a sham. Not only do they not lead to increased sales, they don't even translate to increased views.
Do I promote? Yes Do you need to be successful? No
I promote 99.99% of listings at 2%. I figure if I have somehting listed for $100 and someone offered me $98 I would take it and in my mind that is what promoting does.
I promote everything at 3%
If I don't promote I get ok sales
About 2x sales at 3%
When I promoted at "suggested rate" I could hardly keep up with sales but it was often over 10% so I stopped.
I do not think you need to promote but it will get you more impressions, traffic tab can show you that. If you convert or not will depend on your item, total final cost to buyer and quality of listing.
Even 100% promoted won't sell a crap item that's way overpriced.
I do promote at a small flat rate. I have toyed with promoting and not promoting and I always get more sales while promoting. My 90 day total is hovering around 9k. When not promoting it hovers around half that. Promoting definitely does have its benefits and I have the data to support it. Hope this helps!
What do you sell?
@@commonwealthflipper I am a variety seller. I only sell items $15+ and most of the items are 80s 90s and 2000s pieces. From video games to old hair equipment, we sell a little of it all! Also - great discussion and thank you for your perspective! I know I personally have learned a lot from you and your videos!
I bought a pair of Osh Kosh, new with tags, at a yard sale last year for $2. I have them listed for $125.
I don't promote and I obviously believe that I don't need to succeed as a full-time seller
Personally, I agree with you. To each their own. Do whatever works for you. I find that my items sit for a while. Even good highly desirable ones unless I promote. I promote at 6%. I also list 20 new items a day.
Once in a while, if I need a boost… I’ll up all items to 10% and I’ll explode with sales. Just for a weekend.