eBay Dropshippers: Heads Up on the Spring Sellers Update!
eBay dropshippers, heads up on the Spring sellers update as it will impact you for better or worse.
If you are a dropship or other seller on eBay, you need to make it your business to get the lowdown on the latest seller update because it will affect you, one way or the other. Some sellers are screaming that it will literally double their fees and others are saying that they expect their fees to be less.
Which category will you fall into?
Here are some pertinent excerpts from the eBay Spring Sellers Update, directly from the site itself:
“New everyday simplified rate plans—pick the one that’s right for you
- Free listings with eBay Stores: Starting May 1, get up to 2,500 FREE listings* per month with your eBay Stores subscription. Final value fees will be simplified to 5 competitive category-based rates as low as 4% (and never more than 9%)—regardless of how you sell.
- More flexibility with standard fees (no Stores subscription): Starting April 16, your 50 free listings* per month can be listed Auction-style or fixed price. Pay just one flat 10% final value fee—only when your item sells
New eBay Stores subscriptions:
Starting May 1, 2013:
- Pay no insertion fees on up to 2,500 total listings* per month with an Anchor Store subscription. The subscription fee for an Anchor store has been reduced to $179.95 per month with a yearly commitment and $199.95 for a monthly subscription.
- Pay no insertion fees on up to 500 total FREE listings* per month with a Premium Store subscription: just $49.95 per month with a yearly commitment or $59.95 for a monthly subscription.
- Pay no insertion fees on up to 150 total FREE listings* per month with a Basic Store subscription: just $15.95 per month with a yearly commitment or $19.95 for a monthly subscription.
- Free listings* can be either fixed price or Auction-style.
- As always, get up to 12 pictures per listing FREE (Motors Vehicles excluded).
- Final value fees will be simplified to just five flat rates—as low as 4% and never more than 9% of the total amount of the sale—with a maximum fee of $250*.
- Final value fees will always be lower with an eBay Stores subscription compared to standard fees, so if you sell more than 50 items a month, an eBay store subscription may be the right option for you.
If you don’t have an eBay store, here’s the scoop:
New standard fees (fees without an eBay Stores subscription):
- Continue to pay no insertion fees on up to 50 listings* a month. Starting April 16, these free listings can be either fixed price or Auction-style.
- Add Buy It Now FREE to your Auction-style listings*.
- As always, get up to 12 pictures per listing (Motors vehicles excluded).
- Get the listing scheduler FREE and control when your listings start and end.
- When your item sells, you’ll pay one flat 10% final value fee based on the total amount of the sale, with a maximum fee of $250*.
eBay’s standard fees may be the right choice if you sell occasionally or sell to earn extra cash. If you sell more than 50 items a month, you may benefit from the overall discounted rates that come with the new eBay stores subscription.”
Now, to help you figure out whether this update will work for you or against you, use this handy free Fee Illustrator from eBay: Fee Illustrator
One change that most sellers seem to universally object to is that, starting May 1st, if you add a Buy It Now price to an auction listing, it must be at least 30% higher than your starting price. That’s a lot!
If you’re a Top Rated Plus seller, you must offer one day handling time and a 14 day return policy to get the 20% discount off Final Value Fees.
eBay has continued to raise the bar on getting that 20% discount. What next, we wonder? Sellers must meet all of the existing criteria PLUS hand deliver the item to the buyer? Send it in an armored car? Balance a ball on the end of their noses while juggling live pigeons, hopping on one foot and whistling Tchaikovsky’s 1812 Overture through a mouth full of crackers?
Anyhow, the 2013 Spring Sellers Update is sure to affect eBay dropshippers and other sellers, as well, so be sure you understand what’s coming before it gets here!