I’ve Paid For This Twice Already…

From financial imprisonment to financial independence, one snowflake at a time. This is one family’s story.

       
September 27th, 2007

Ebay successes and not-quite-successes

The listings for two pairs of shoes I listed on Ebay have now expired and I have good news and bad news to report. One sold for $16.40 plus $5.60 shipping for a total of $22.00 which I received last night via paypal - I took the package to the post office today and shipped it out so basically I am done with that.

The other did not sell at all. I found it kind of amusing actually because they were two similar pairs of shoes that I bought originally for the exact same price one size apart that I wrote almost identical listings for, and one pair got all kind of attention (21 watchers and a flurry of bids by the end) and the other pair, 2 watchers and zero bids. I guess there is a high demand for size 6XW shoes and not so much for 5XW? I guess that could be true because my son did walk rather early - maybe most kids’ feet are bigger that size 5 before they get their first shoes. My daughter isn’t walking yet so I have no idea what her shoe size is. My son’s first shoes were actually a 4XXW. But I am keeping those (for now).

Subtracting out the paypal fees for the shoes I sold (approximately $1), plus the ebay fees for both items (approximately $2), and the actual shipping I paid ($6.35 since I chose delivery confirmation ), that leaves approximately $ 12.65 in profits from this so far. When I transferred money out of my paypal account into my bank account, I only transferred $16.00 and left the other ~$5 to cover ebay fees. I know that’s a lot more than the ebay fees actually are, but I didn’t know how to look them up when I did that, and I also wanted to leave some in case I decide to relist the shoes that didn’t sell and they don’t sell again. That fee (if I do choose to relist) should be less than $1 though, so I may transfer another $2 out, or I may wait until after I relist the shoes and transfer out the exact amount left.

We’ll see. I am happy with my ebay experiment. I’d be happier if both pairs of shoes sold but I’ll take this. I added the $9.65 I have in profits from what I transferred out of the paypal account ($16.00 minus the $6.35 shipping), and added it to the $8.87 I have left over from paying Capital One, which comes to $18.52. I snowflaked that this afternoon to my Citicard. I could have waited until this evening, because I have a potential craigslist sale lined up for tonight, but I wanted to get it in before my billing cycle ends (tomorrow) and the “4 payments per billing cycle” starts over.

I don’t know if I’ll be using ebay again as a seller but I am pleased with how this turned out. I’d be more pleased if both pairs of shoes sold….

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7 Responses to “Ebay successes and not-quite-successes”

  1. Craigslist…no fees, no shipping :-)

  2. Nice little snowflake! Maybe I should put a skirt I’ve never worn on e-bay…

  3. @glblguy - I use craigslist too! In fact I just sold $12.50 in clothes last night through it! I had tried these shoes on CL but they didn’t sell. They’re too specialized for my small local audience I guess.

    @Mrs Micah - I have no idea how skirts sell but it is pretty cheap to try it!

  4. If you go to “My Ebay” page & log in, if you scroll down, look for “seller’s Account”. You can see the invoice of how many fees you’ve accumulated.

  5. @Paula - thanks! I did actually find it eventually, just after I already transferred the $. I relisted the pair that didn’t sell, so I am just going to wait to transfer the rest until after that listing ends (hopefully with a sale so i have more to transfer!)

  6. Good for you for trying out ebay. My wife and I have been selling odds and ends on ebay for a few years now and it’s what has funded our Christmases and birthdays. We don’t go into debt and it’s fun to see what we can find for each other. Like anything, there’s no insurance your item will sell but if you have a decent sense of the item and research how similar items are selling you raise your chances.

    Jerry
    www.leads4insurance.com

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