Sunday, April 29, 2018

Updated eBay first class postage rates

Like I talked about before, eBay charges the buyer the retail first-class postage rate based on the weight of the item, and charges the seller the commercial rate when the seller purchases the shipping through eBay.

The postage rates have gone up a bit since I initially posted about that, but the same idea still applies – if you charge the lower commercial rate for shipping, your listings look much more attractive. Especially when you get above 12 ounces or so – I think amounts under $5 tend to seem trivial to people, while amounts over $5 seem more substantial. I'm much more likely to bid on something charging $4.38 for shipping versus $6.70.

Just remember: eBay charges you, the seller, 10% of what you charged for shipping AND what you charged for the product in their Final Value Fee. So either add 10% onto what you charge for shipping or make sure the additional 27-50 cents is reflected in the price of the item, along with also remembering to include the PayPal fee.

I just made $25 net selling some random worthless crap I had lying around my house – some 1970s coins I found in change, an airline toiletry kit someone gave me, some drawer pulls, some discontinued IKEA picture frames, a passport wallet, and a halloween decoration. I shipped the stuff using eBay shipping and printed it out on my printer, so I can just drop it in any mailbox or drop it off on the post office counter without standing in line. I packaged it with boxes, envelopes, and bubble wrap saved from things I've bought in stores or ordered on Amazon. All I paid for was tape, which I got from Dollar Tree. It took me under a minute to list each item and about two minutes or so to prepare each one to mail. I also listed another few items that didn't sell, but you can list hundreds of items per month for free*, so no worries.

It's a seriously easy way to make money, once you get the hang of it. And it's generally non-taxable income if you're selling your own possessions and are averaging a net loss overall (meaning if you sell mostly your own clothes and books and things, the few items you do flip for more money end up being cancelled out by all the times you sell a shirt that was $30 new and went for $5 on eBay). It's more money in your pocket though, since most of us would usually just donate all the things in our house that we're done with.

*The base amount is 50 free listings per month, but every time I list items, eBay suddenly sends me an e-mail offer giving me 100, 200, or 500 free listings during that month.

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