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Dealing With eBay Store Price Rises Part 2

When eBay raise the prices of listing on their auction and eBay Stores sites, it seems to have repercussions right around the internet that are second only to income taxes being raised.

It often seems to be the case that when eBay sneezes, we all get a cold. The latest round of price rises were met with a universal groan from almost all eBay Store owners, but there is light at the end of the tunnel and there are ways to compensate for the rises.

Competition
Rising fees will eliminate some of your competition if you run a store on eBay. Some of these businesses are extremely marginal and any rise at all can be enough to render them unprofitable. Only the strong will survive!

Source Cheaper Items
If you are paying more to list your items, one of the best ways to compensate for this is buy finding places to buy your inventory cheaper. It sometimes takes something like a rise in the fees to shake you out of your comfort zone and make you look for a better deal. You might even find that you can renegotiate with existing suppliers if you’ve been a customer for any length of time.

Buyers Co-operative
Another good option is to get together with your competition and form a buyers co-operative. This only works in some circumstances but if you think outside of eBay towards people selling similar items to you offline, there might be opportunities in your local area to do this.

Get rid of under performing inventory
As I mentioned in Part 1 of this article, getting rid of your inventory that isn’t moving and replacing it with items that sell is one great way to improve your eBay Store’s performance. Paying listing fees and not getting a sale is very bad for business.

Make your listings more compelling
One way to make more money is to convert more of your visitors into sales. Are your eBay Store listings as good as they could be? Do they list all the benefits of the item for your customer? Get thinking and test different listing pages to see if you can improve on what you already have.

Generate more traffic to your store
If you get more people to come to your store, the chances are you will make more sales. More traffic = more profits! Think about everywhere you could use to publicize your eBay Store – both online and offline.

If you are successful with even some of these, you will not only cancel out the effect of the rise in fees – you will actually be better off than you were before the fees were raised.