which ebay dealers

[Kenny Cole]

IMO, yepbg wins hands down.

[Robextend]

I agree with yepbg. 707 is right up there, although I have gotten a good deal or two on a best offer from Levi.

[benderbroeth]

i remember seeing like a $50-$75 t205 psa star going for like $1,000 from some seller not sure who, and some psa authentic 1887-1895 cards in the thousands when they should be in the hundreds from several different sellers

[tbob]

Originally Posted by Kenny Cole

IMO, yepbg wins hands down.

+1. 707 comes in 2nd.

[vintagechris]

These guys may be smarter than you give them credit for. yepbg had around $5700 in sales in the last week on just a handful of cards. Maybe 20 or somewhere around there.

Now if he doesn't need the money and can afford to sit on stuff, why not sell that way, strictly from an investment stand point. He still has all the inventory he can eventually sell and it isn't a ton of work selling so few cards. Very little labor time.

At 20% profit margin after all the expenses are paid he is making close to $1200 for doing very little work. Basically it looks like these guys are making a little money and increasing their inventory quite a bit. They must be doing something right from a purely investment stand point.

[bobbyw8469]

I would think his profit margin is alot higher than 20%. I know he bought a card from me for $20 and sold it for $125. I would think that is more the norm than 20%.

[vintagechris]

Originally Posted by bobbyw8469

I would think his profit margin is alot higher than 20%. I know he bought a card from me for $20 and sold it for $125. I would think that is more the norm than 20%.

It could be more than 20%. I would think it is at least 20%. I mean even if he has 3000 items listed a month, he is only spending $150 in listing fees.

Looks like he is doing something right. Even at 20% margin he made over $1000 last week and only had to package 20 items.

By the way, I am taking all of his other expenses into account with the 20% margin.Card supplies, office supplies, fees, shipping and shipping supplies, computer costs, all that good stuff. At any rate, I don't think these guys are just wasting their time. Seems to be working rather well for them.

[Majestic]

His profit margin has to be closer to 100% to make it worth his while...

Remember to count the ebay/paypal fees...at approx 10%-14% on buy it nows..sales of $5700 have ebay/paypal fees of $600-$800. A seller has to make a 30-40% return just to pocket a 20% profit. If you buy something for $75 and sell it for $100, it's not 33% profit... ebay/ paypal gets $11.75 out of your $100 sale..so it's buy for $75 sell for $100...profit = $13.25.

[grundle20]

This is my personal experience, I'm sure everyone varies:

I'm all too happy to speak about this, because yepbg and 707 are definitely the highest. However, in my experience when you contact yepbg directly (Brian Goldberg,) he's been more than willing to talk much more rationally about his card prices. He places them on EBay at those prices not so people actually BIN, but so they KNOW he has the card, and then you can contact him "off the grid" (EBay is cracking down on that now), and then he can get away with dealing the card without having to pay the 15% EBay fees and PayPal fees if u pay by check.

On the other hand, Levi at 707 has been nothing but a brick wall for me when it comes to dealing. I've never purchased a single card off him, not because I didn't offer decent prices, but because he tried to squeeze every last penny out of me. For example, I made an email offer on 3k+ worth of cards (already a premium offer, BTW), and he countered with $3100. That's less than 3.5% of the entire deal and he let it fall through. I've never had that experience with anyone else.

[alanu]

Originally Posted by Majestic

His profit margin has to be closer to 100% to make it worth his while...

Remember to count the ebay/paypal fees...at approx 10%-14% on buy it nows..sales of $5700 have ebay/paypal fees of $600-$800. A seller has to make a 30-40% return just to pocket a 20% profit. If you buy something for $75 and sell it for $100, it's not 33% profit... ebay/ paypal gets $11.75 out of your $100 sale..so it's buy for $75 sell for $100...profit = $13.25.

I don't think the fees are quite that much on higher dollar items. They go down considerably after the first $1000, as low at 2% I believe.

[calvindog]

I haven't totaled up all that yepbg has sold over the past week because I stopped scanning the 'sold' pages after going through about 500 listings and not seeing any that sold at all. But I did check his completed listings over the past 15 days and, checking from most expensive down, I noticed that he sold a total of 11 of his most expensive cards -- out of the first 1200 listings he had. Which means he's selling less than one 1 out of 100 of his most expensive listings. If that's how he wants to waste his time, good for him.

[alanu]

Unless you can replace the inventory relatively quickly, it doesn't make sense to turn it over quickly at a low margin. Now I do think these guys do take it to an extreme with extremely high margins and an extremely low turnover ratio.