I want to address the selling of Cars die cast toys on Ebay. From the start, people have been hoarding Cars and foolishly selling them for very little profit. I'm going to show you how people selling Cars on Ebay have little to no business smarts!
I got an extra Edwin Kranks at the Kmart Collectors Day back in October. Let me show you how much of a waste of time it was for me to sell it on Ebay! The first time I listed it, I had a starting price of $9.99 with a Buy It Now price of $12.99. It did not sell. The second time I listed it, my starting price was $2.00 with a Buy It Now price of $9.99. This time someone paid the Buy It Now price of $9.99 with $2.95 Shipping and Handling.
Here's how my costs broke down and what I made...The first time I listed it, I paid an Insertion fee of $0.35, a Buy It Now fee of $0.10, for a total of $0.45 cents. The second time I listed it, I paid an Insertion fee of $0.35, a Buy It Now fee of $0.10, a Scheduled fee of $0.10, and a Final Value fee of $0.87 cents. Now, the Insertion fee of $0.35 was refunded because it sold the second time I listed it. My total Ebay fees were $1.45 and constituted a 16% piece to Ebay. The person paid by Paypal and those fees were $0.68 cents, and totalled a 5% piece to Paypal. The cost of shipping was $1.86, and the large bubble envelope cost me $0.50. The cost of the Edwin Kranks Car was $3.72. Total Fees came to $8.21. My gross amount was $12.94 and I netted $4.73 after expenses.
Now, this might seem ok on the surface, but let's look at other unrealized expenses. First, the time I spent going to Kmart and the cost of gas...I spent about two hours dealing with the event. Who knows how much gas I used. The store was about five miles from my house. Now, add to this my time spent listing Edwin for sale, the preparing of the picture, relisting it, packing it and ultimately mailing it. I'd estimate another one and a half hours. Total time spent to make a lousy $4.73...three and a half hours! That means I made $1.35/hour! That is absolutely stupid from a common sense business approach!!
The dumb thing I've heard for years from people selling like this is "I do it for fun!" When I spell it out for you, I ask you, "What is your life worth to you?!" All those hours spent to make so little. I'd really rather have spent those three and a half hours with friends, learning something, or even volunteering my time to enrich another's life. Remember, we have a finite time here. Do you want to spend it so foolishly? These points alone are enough to convince people with a brain to stop doing such fruitless selling. Additionally, think how this hoarding and greed has created shortages of supply. We've all seen those pictures people post that intimate bragging when they show a photo of two dozen of one Chase Car!
The only positive, is that you can often get the Cars you want for a good price. The majority of the Cars toys have never sold for much more than twice their cost. I looked at how many nuts bought the Mac Transporter and opened it to sell Bumper Save. Within a day, the dummies flooded the market with over eighty auctions selling the same darn car! Too many ding dongs have no clue as to what they are doing.
Will addressing this make the selling stop? Of course not! It will ONLY enlighten those with a brain. I don't care what you want to sell, it needs to be profitable and worth your time. Heck, if you really want to waste your time to track Cars down and sell them to me for three or four bucks over retail, go right ahead! You save me tons of time that I can use to sleep, watch movies, workout, and do productive things. Maybe you selling Cars on Ebay is not a waste of my time? Hmmm! ;-) I am Over and OUT!!
http://www.CarsDieCastToys.Blogspot.com
Tuesday, December 2, 2008
Disney Pixar Cars - Selling Cars On Ebay Is A Waste Of Time
Posted by orlandog ken at 11:48 PM
Labels: Bumper Save, Cars, Diecast Toys, Disney, Ebay, Edwin Kranks, Kmart, Mattel, Pixar, Pixar Chase Cars
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2 comments:
One positive aspect you are overlooking and that is the appreciation from buyers from outside the US who otherwise have no other option to buy the CARS for a reasonable price (in comparison to the overprices specialist online stores).
It truly is appreciated.
True ScoobyDoo! The unfortunate thing is Ebay has implemented their dictatorial policies requiring sellers to put tracking on ALL Paypal transactions. This means for a seller to be protected from fraud or loss, he/she must ship via Express Mail or Priority Mail International which is very expensive for the buyer.
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