Selling Collectibles online has never been so fun. If you are interested in building you own online or live auctions and gain access to collectors all over the world then contact us today to find out how to sell your items in our auction.
Benefits of consigning items or building a full auction
What we accept:
What we do not accept:
With Simplybidonit now anyone can experience how online auctions open your business to a new and more exciting way to sell online. It's time you experience the next level in online selling by turning your hobby and passion into your business.
Take a look at all the pro and cons of selling via a marketplace or a website that we compiled for our readers. Our auction fits in well with a diversified selling strategy. The buyers premium we charge goes to our consignors to help offset the cost of all the costs selling on these marketplaces. It is a good idea to have a mix of sites to sell on but once you start to get you own customers and email market them you will see a huge difference in repeat business. Working together is what our auction house prides itself on.
We are different from your traditional auction house. Our consignors build and catalog their own items are in complete control of the inventory can use their own pricing strategy and take care of fulfillment.
Our consignor rate is among the best priced and most aggressive and we give a portion of the Internet purchase fee back to our consignors to offset the high costs of selling online. Use the strategies below to gain new customers on those sites and sell the items that are hard to sell on those sites in our auction and watch your bottom line soar.
Pro and Cons of the Online Marketplaces.
Huge customer base. "Amazon is one of the largest online retailers [with 244 million active members] and their users are shopping," says Carolyn Lowe, director of eCommerce, UpSpringBaby.com, the creator of health and wellness products for new moms and young children. "For a consumer goods company like UpSpring, this is ideal. It would cost us an enormous amount of marketing dollars to get the impressions and sales that we get from Amazon.”
Credibility and trust. "New customers may be more comfortable purchasing from Amazon [than purchasing from a website they're unfamiliar with], as Amazon is a known and trusted company," says Cassandra Droogan, founder & president, PYSIS, which makes fashionable, weatherproof overboots.
Fees. "On Amazon, fees start at a minimum of one dollar and go up to as high as 25 percent of the item's price," says von Bernuth.
And "if you decide to do Fulfillment by Amazon, where Amazon warehouses and fulfills your product, you pay a listing fee plus typically a few dollars in fulfillment fees depending on the item," adds Lowe.
"I calculated our current total cost per transaction just last week through our FBA business and after adding up the seller fees, warehousing fees and other transactional costs, we pay on average 26 percent for every dollar of revenue we get from that sales channel vs. around 8 to 10 percent on average for Sewelldirect customers," says Cameron Postelwait, marketing director, Sewelldirect.com, which sells connectivity solutions.
You're a commodity. On Amazon, "you're mostly a commodity and subject to someone undercutting your price," says Mike Kawula, who has sold on Amazon and eBay as well as his own site and is now a business consultant. "You're [also] competing with Amazon directly if they decide to sell your product," which can hurt your sales.
No control over branding. Another disadvantage to selling on Amazon vs. your own site: "There aren't many branding options on Amazon," says von Bernuth. "The only thing you have control of is your products' photos and text description. Everything else is Amazon branded."
"Customers rarely see who the end vendor is when shopping through Amazon," adds Andrew Van Noy, CEO, Warp9, a provider of Magento mobile commerce services for midsize online sellers. "This disconnects you from the customer, and therefore does not strengthen your brand.”
You can't capture buyers' email address or remarket to them. "Amazon does not let you capture a buyer's email," says von Bernuth. "On your own site you can set up an email newsletter and encourage customers to sign up for it.”
Ease of use. EBay's easy-to-use selling, listing and inventory tools make it easy to sell your products on the site -- and do it quickly.
Immediate access to millions of potential customers. On eBay, which has over 149 million active buyers located around the world, you have "built-in traffic and customers -- [and often get] above average conversion rates," says James Applegath, who sells on both eBay and his own site, Defunkd, a vintage t-shirt collective.
Global reach. "As a global seller, we appreciate how [easy it is to] set up [shop] on global eBay sites and reach international markets," says Jimmy Vosika , founder & CEO, ShopJimmy.com, which sells TV parts and lamps, TV stands, tech tools and electronics accessories.
You may not get paid. "‘Joy' bidders, aka nonpaying bidders/buyers, are a huge problem as many listing formats don't require a payment to make a purchase," says Applegath.
Favors buyers over sellers. "Over the years, eBay has made it increasingly difficult for sellers by tipping the scales of empowerment heavily in favor of buyers," he adds, citing eBay's new 180-day return policy and buyers' ability to leave negative feedback, even if the seller is not at fault.
Selling via an online marketplace and your own site
Or, like many business owners, you could do both. That is, have a standalone ecommerce site and sell on Amazon, eBay or Etsy (or another marketplace).
"I think it's smart for any new online seller to start off on marketplaces to learn the business and get your feet wet," says Kawula. "Afterwards I strongly believe you need to create your own website."
"When we first started, we really didn't have any experience with building a website so we took a shortcut and set up an Etsy shop," says Chai. "This allowed us to generate sales and income via Etsy while we simultaneously worked on building our site," she explains. "Now, we see both platforms as playing an equally integral role: The Fleet site is home base for our loyal customers to receive updates, browse new items and take advantage of sales and promotions while the Etsy shop acquires fresh buyers that hopefully are eventually converted into Fleet site users for future orders."
The bottom line: "Having your own ecommerce site allows you to have more control over your brand, products, pricing and promotions," says Vosika. But "at the end of the day, it's important to be visible wherever your customer is likely to look for your product, so I see all these channels as complimentary.”
While the marketplace infrastructure has many advantages, it’s important to remember that it can cut both ways. Marketplaces don’t exist to help you, but to help themselves. They want the focus to be on the products, not the sellers. And that means they might restrict the degree to which you can brand your presence, communicate with customers, dictate what items you can and cannot sell, and so on.
Additionally, there’s nothing to stop marketplace owners—in the case of Amazon, Sears, and so on—from going around third-party sellers, identifying popular products, and stocking them themselves.
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