If you’re using eBay, you’ve unfortunately faced the history of eBay raising its fees. Just in the past two years, the online marketplace has increased its fees – such as listing upgrade fees and final value fees. If you’re an underperforming seller, you’ll also get hit with penalty fees.
Despite this, however, eBay is still going strong as a preferred marketplace – especially in the US and it’s ranked high for its profitability. If you’ve noticed that your eBay fees are getting exceedingly high, here are 5 ways to go about lowering them.
- Calculate your fees and profits before listing items
Before you list your item for sale, make sure that it’s worth the time for you to sell it. If you’re not sure, go ahead and use an eBay fee calculator to help you figure out which items are worth selling.
- Reconsider your eBay store subscription type
If your store subscription isn’t right for what you’re selling, you could be paying an exorbitant amount of eBay fees. There are five different subscriptions to choose from and they all come with their pros and cons.
In some instances, the basic subscription might be worth your while. While you’ll need to pay a bit more, you can list additional items at no additional cost and receive a discount on final value fees.
- Become top-rated
While this certainly is a lot of work, you can reap some great rewards. When you become a top-rated seller you’ll not only receive a 10% discount on final value fees, but these savings can definitely add up. In addition, you also won’t have to worry about being charged any penalty fees for being an underperforming seller.
- Request final value fee credits
While eBay will charge final value credits regardless of whether sales are completed, that doesn’t mean you always have to pay them. There are ways around this just as long as you conduct the necessary research.
- Evaluate eBay listing upgrades
There are options for you to upgrade and promote your eBay listings – whether that be larger featured images, additional text, bold font and more. Just know, however, that there is a cost associated with each listing enhancement.
If you’re not sure which one to go for, it’s best to experiment with various upgrades to see if you’re getting more bids or sales. If you don’t want to pay anything additional for a listing, make sure you’re always checking the bottom of the page for total fees before submission.
Lowering your eBay fees
There are numerous ways for you to go ahead and lower your eBay fees. The most important thing, however, is to always assess your profits on a regular basis so you’re able to figure out where you can go about minimising eBay fees while maximising your profits.
If you’re not sure, there’s no harm in doing a little more research. It’s important that you take the time to figure out what you’re able to reduce, and what’s important for your eBay listing.