Ebay relisting suggestion for overpriced BIN cards

[cgreat14]

Totally disagree. We're not Wal-Mart or Amazon. And you don't have to wait 10 or 20 years. It's better than getting an average of 45% of true value. With BIN's and Best offer you get close to 80% - 100% of true value. After feebay & pigpal fees, you need to have BIN's & two more reasons why seller feebay auctions suck. Make the cheapskates wait and pay more is my motto.

[savedfrommyspokes]

In my case, I find using both models (price low, turn quick/price higher/sell slower) in conjunction with one another works best.

What I mean by this is when I am listing a card that their is a vast supply of already on ebay, I price slightly below the "market price" in order to turn the card over quickly. When I buy, I buy with the intent of selling these types of card at a low margin, but with a quick turn. I am will to accept lower margin on these cards with the intent of selling quickly.

When I list a card where there is a low supply on ebay, I price these cards slightly higher than what the market will normally bring with the intent of maximizing my profit. While these cards don't turn as quick, they do eventually sell (6-8 months) and I am able to recognize some additional profit.


While the majority (80%/20%) of the cards I list are quick turn/low margin, I still manage to turn my inventory 4.5 times a year and realize a profit that meets my needs.

So, depending on the existing availability of the card I am listing, I use one of these two models. IMO, both models are effective depending on the situation.

[Orioles1954]

Originally Posted by cgreat14

Totally disagree. We're not Wal-Mart or Amazon. And you don't have to wait 10 or 20 years. It's better than getting an average of 45% of true value. With BIN's and Best offer you get close to 80% - 100% of true value. After feebay & pigpal fees, you need to have BIN's & two more reasons why seller feebay auctions suck. Make the cheapskates wait and pay more is my motto.

If your prices are terrible I won't even attempt to view the rest of your inventory. More reasonable pricing will lead to multiple cards purchased in one sale and better turn over. The over VCP method might work on single card sales but you're ignoring add-ons. It's a missed opportunity IMO

[cgreat14]

Originally Posted by Orioles1954

If your prices are terrible I won't even attempt to view the rest of your inventory. More reasonable pricing will lead to multiple cards purchased in one sale and better turn over. The over VCP method might work on single card sales but you're ignoring add-ons. It's a missed opportunity IMO

Nah.... don't agree. You are not my kind of customer so I don't care about any missed opportunity. My buyers want quality and are willing to pay for it not at feebay auction bargain prices. My BIN prices are reasonable and the cheapskates don't even want that. They want top quality for cheap and that's what crappy feebay auctions gives them sometimes. It ticks off sellers because the sellers got themselves in a situation where they have to sell and this is what the cheapskates wait for... so I am making them wait longer...look at 707 sportscards on feebay... not ONE auction. Levi Bleem knows what he is doing.

[ValKehl]

Originally Posted by cgreat14

Nah.... don't agree. You are not my kind of customer so I don't care about any missed opportunity. My buyers want quality and are willing to pay for it not at feebay auction bargain prices. My BIN prices are reasonable and the cheapskates don't even want that. They want top quality for cheap and that's what crappy feebay auctions gives them sometimes. It ticks off sellers because the sellers got themselves in a situation where they have to sell and this is what the cheapskates wait for... so I am making them wait longer...look at 707 sportscards on feebay... not ONE auction. Levi Bleem knows what he is doing.

Levi Bleam also knows how to correctly spell his last name!

[cgreat14]

Originally Posted by ValKehl

Levi Bleam also knows how to correctly spell his last name!

Yeah write

[CobbSpikedMe]

There are several sellers that I will never buy from, Levi being one of them. The ridiculous prices are so distasteful that I refuse to consider them as sellers. I'm obviously not the only one like this either.

I'm not saying sellers need to take a crazy hit on their sales, but lowering the prices a bit to gain more buyers would result in more sales and more profits. The waiting for "cheapskates" to pony up for a high price approach is ok if you're not into making sales and money. Real smart though apparently.

[cgreat14]

Originally Posted by CobbSpikedMe

There are several sellers that I will never buy from, Levi being one of them. The ridiculous prices are so distasteful that I refuse to consider them as sellers. I'm obviously not the only one like this either.

I'm not saying sellers need to take a crazy hit on their sales, but lowering the prices a bit to gain more buyers would result in more sales and more profits. The waiting for "cheapskates" to pony up for a high price approach is ok if you're not into making sales and money. Real smart though apparently.

Like I said, guys like you are not my kind of customer. Levi sells to people who have the means to pay for what they want. I don't think he worries about people who won't buy from him. I think he's doing pretty well for himself.

[CobbSpikedMe]

Originally Posted by cgreat14

Like I said, guys like you are not my kind of customer. Levi sells to people who have the means to pay for what they want. I don't think he worries about people who won't buy from him. I think he's doing pretty well for himself.

I'm definitely not your kind of customer. Your inventory must be too good for me.

Everyone sells to people who have the means to pay for what they want. The fact that you're constantly calling buyers cheapskates and acting like you have material that is too good for some of us is why I'm not your kind of customer. Not because I can't afford your inventory, but because of your attitude.

[JollyElm]

Hey, angrybitterguy14, why don't you do us a favor and post your ebay seller name here, so every single one of us can just avoid ever having to deal with you, okay?

[cgreat14]

Originally Posted by JollyElm

Hey, angrybitterguy14, why don't you do us a favor and post your ebay seller name here, so every single one of us can just avoid ever having to deal with you, okay?

I don't have to because I am not taking shots at anyone here.

[cgreat14]

Originally Posted by CobbSpikedMe

I'm definitely not your kind of customer. Your inventory must be too good for me.

Everyone sells to people who have the means to pay for what they want. The fact that you're constantly calling buyers cheapskates and acting like you have material that is too good for some of us is why I'm not your kind of customer. Not because I can't afford your inventory, but because of your attitude.

Keep your powder dry buddy. Nobody's taking shots here. If you don't have the means to pay higher priced dealers like Levi, there are plenty of other sellers to buy from. Levi doesn't care. I am just making my point that I have a profitable method of dealing with people who look for bargains all the time (cheapskates). These buyers from big feebay auction sellers hurt values for small and mid-size dealers that's all. The days of buying common vintage PSA 8's for 20 bucks are fading fast. Prices for common vintage PSA 8's are approaching $ 40-50 each as they should. I love these guys who quote you "SMR book values" and think your gonna bite on it. BIN's are the way to go.

[CobbSpikedMe]

Originally Posted by cgreat14

I am just making my point that I have a profitable method of dealing with people who look for bargains all the time (cheapskates).

See, there it is again. I guess all us board members who look for bargains (I would think that's a pretty big population) are all cheapskates. Nice way to make friends on the board. But let me guess, you're not here to make friends, just troll the board.

I never said I didn't have the means to buy from Levi, I said I never would buy from him. It's a principle thing, not a financial status thing.

[rats60]

Originally Posted by cgreat14

Keep your powder dry buddy. Nobody's taking shots here. If you don't have the means to pay higher priced dealers like Levi, there are plenty of other sellers to buy from. Levi doesn't care. I am just making my point that I have a profitable method of dealing with people who look for bargains all the time (cheapskates). These buyers from big feebay auction sellers hurt values for small and mid-size dealers that's all. The days of buying common vintage PSA 8's for 20 bucks are fading fast. Prices for common vintage PSA 8's are approaching $ 40-50 each as they should. I love these guys who quote you "SMR book values" and think your gonna bite on it. BIN's are the way to go.

This whole rant is about selling 20.00 cards for 40.00? Lol. Seems like a poor business model. I thought you were talking about high grade Ruths or Mantles or Hof RCs. I would be happy that someone would be willing to take those cards off my hands so I could put my money into high demand cards. That is a dying market. Millenials don't care about Sibby Sisti or Bow Wow Arft. You are correct though, I am not your customer. I don't care about commons, only cards that will appreciate in value in the future.

[SetBuilder]

The economy is doing well.

When it goes south (and inevitably it will), people will be forced to sell their cards to pay expenses and large quantities of quality supply will flood the market.

These overpriced dealers won't escape the bloodbath and will be the first to faceplant into the turf.

Nature will take care of it.

"the time to buy is when there's blood in the streets." - Baron Rothschild

"Be fearful when others are greedy and greedy when others are fearful.” - Warren Buffett

[cgreat14]

Originally Posted by SetBuilder

The economy is doing well.

When it goes south (and inevitably it will), people will be forced to sell their cards to pay expenses and large quantities of quality supply will flood the market.

These overpriced dealers won't escape the bloodbath and will be the first to faceplant into the turf.

Nature will take care of it.

"the time to buy is when there's blood in the streets." - Baron Rothschild

"Be fearful when others are greedy and greedy when others are fearful.” - Warren Buffett

No kidding but in the meantime....wait out the cheapskates with BIN's!!

[Exhibitman]

If we

Originally Posted by SetBuilder

The economy is doing well.

When it goes south (and inevitably it will), people will be forced to sell their cards to pay expenses and large quantities of quality supply will flood the market.

These overpriced dealers won't escape the bloodbath and will be the first to faceplant into the turf.

Nature will take care of it.

"the time to buy is when there's blood in the streets." - Baron Rothschild

"Be fearful when others are greedy and greedy when others are fearful.” - Warren Buffett

“Wasting away again in Margaritaville” - Jimmy Buffett

Sorry.

Many part time sellers use BINS to list items they would not sell except for the price asked. They don’t really want to sell.

Some sellers see no need to discount big names like Ruth or Mantle. Why should they? Holding vintage Ruth cards has been one of the best moves over the last several years.

Another factor: replacing an inventory of prewar baseball cards is not like replacing an inventory of cleaning supplies. It is very difficult. A seller has to wring out the maximum return and speed is just one component to consider.

Unless I am raising bail I don’t need to sell an appreciating card quickly and I have little incentive to sell cheap.

If eBay was to charge a listing fee for repeat BINS I would simply stop listing them. That is not in eBay’s best interest. eBay is a consignment store where the consignor has all the cost of inventory storage and shipping. COMC actually takes custody of the inventory and it charges a fee for storage. With no physical inventory costs eBay is best served by maxing out it’s virtual inventory. That is done by allowing people who are willing to pay for a store to list a lot of stuff at no cost. eBay gets its fee for the store subscriptions and it gets a lot of inventory in return. I have 500 listings a month with the basic store. If eBay charged a fee to roll over my inventory I would drop the subscription. Subscription revenue is steady and desired sale revenue is sporadic.

[cgreat14]

Originally Posted by Exhibitman

If we

“Wasting away again in Margaritaville” - Jimmy Buffett

Sorry.

Many part time sellers use BINS to list items they would not sell except for the price asked. They don’t really want to sell.

Some sellers see no need to discount big names like Ruth or Mantle. Why should they? Holding vintage Ruth cards has been one of the best moves over the last several years.

Another factor: replacing an inventory of prewar baseball cards is not like replacing an inventory of cleaning supplies. It is very difficult. A seller has to wring out the maximum return and speed is just one component to consider.

Unless I am raising bail I don’t need to sell an appreciating card quickly and I have little incentive to sell cheap. If eBay was to charge a listing fee for repeat BINS I would simply stop listing them.

Finally someone I agree with.

[CobbSpikedMe]

Originally Posted by cgreat14

Finally someone I agree with.

but Adam's cards are reasonably priced.

[Section103]

Originally Posted by Exhibitman

If we
If eBay was to charge a listing fee for repeat BINS I would simply stop listing them. That is not in eBay’s best interest.

True - not in eBays best interest but EXACTLY what the OP was hoping to achieve.

[pokerplyr80]

I don't usually buy from sellers who price cards well over market value either, unless the card has exceptional eye appeal and I feel it's worth the premium. But I don't understand why this is even an issue. Either make an offer of what you feel the card is worth, or wait for the next one.