Make a Tamebay tip-off your 2014 resolution
We’re back. But before the year gets fully back into its swing (although you may well be up to your neck in New year despatches), we have a request.
Tell us a story.
We get most of the stories we publish from readers and the companies that serve the ecommerce community in the UK. So, if you have things that you think Tamebay readers should know, tell us. There are no prizes for shyness.
Things that work well:
– Something you’ve spotted. It could be a glitch or experience, a new company or something interesting going on. If you see something, tell us. We try and keep abreast of everything, but that is obviously impossible. And many hands make light work.
– You’re doing something new or better. This goes for ecommerce services as well as sellers. What’s the latest from you? We love case studies too.
– Specialist advice. There are some seriously good experts out there who read Tamebay and we love it when you share your wisdom. Tips, guidance, advice: it all goes down very well. Keep it coming*.
So make it your 2014 resolution to drop us a line. It doesn’t need to be today or tomorrow, but think of us throughout the year. Thanks!
* Linkbuilding SEO types should read this first.
Tip of the week. The secret to ecommerce is efficiency. Set up a tiddlywiki on Dropbox and you will have your own instant always available on any device intranet and boilerplate text facility. John
If you’re selling an item by auction, the lower the ratio between views and watchers, the more likely (statistically speaking) that you’ll get a decent price. Simply divide the number of views by the number of watchers. This is, of course, just a rule of thumb!
a really good tip is not to shove your granny while shes shaving
How about…look at your profit margins and don’t sell if your not making money as the only person who gains are HMRC.
To many morons selling on Ebay for small profits, HMRC and VAT man must fall over them selves laughing at the majority of Brain Dead non profit making Ebayer sellers!!
Why would HMRC be laughing? No profit = no tax
Otherwise agree with the tip of only sell if you make profit else give up. This tip only applies to business sellers of course.
Private sellers don’t sell for profit.
VAT at 20%. does that explain and NI
NI is not paid on the first £5000 or so of profit. So no profit = no NI unless you count the class 2 for self employed at £12 per month or whatever. VAT is not paid until turnover exceeds the threshold. Can’t speak for Ltd companies or PLC’s.
I buy t-shirts at £7.00 from UK company, VAT is added now = 1.40
Total = £8.40
I struggle to make £1.50 profit an item and the taxman gets minimum of £1.40 for doing nothing…
20% Vat what a joke
If you are not registered for VAT buy stock that is VAT free.
VAT is not the issue, if it didn’t exist then all the prices would be 20% lower, plus the Government of the day would get the money needed via other means.
If sellers are happy to make pennies on a sale with VAT, they will be happy to make pennies without.
In theory, the more you pay HMRC the more successful your business is.
Surely there are only a few VAT free stock items. Certainly if you are buying from a supplier who is not VAT registered they cannot charge VAT and there are a few products such as Books, and Magazines that are VAT Free. Calendars are more complicated because some are VATable and some are not. But relatively few other categories are VAT free. Childrens clothes maybe but as I do not sell Childrens clothes and my children are both aged over 30 . I am not up to date on the current situation. But surely thats about it.
I seem to remember that there is a way of doing business called “Pile it High, Sell it Cheap”. Several of the largest UK Retailers had this policy in the early days such as Tesco. It is of course important to make a profit but a sale of a large number of items with a small profit might at the end of the day return a much greater profit than selling just a few items at a much larger profit each.
My tip for 2014 would be to offer multiple BIN purchase discounts….
….oh I forgot ebay don’t offer this facility to sellers.
Can’t you do this using Multi Variation Listings in different quantities lowering the unit price for a bigger buy?
This does not help basket sales of multiple products. Sellers of pre-owned stuff cannot offer multi variation listings anyway.
How can you offer free shipping and at the same time offer up front discount incentives for purchases of multiple product?
I can on my website. Why can’t I on a website with 1000’s of programming engineers behind it?
ebay said a year or two ago it was coming. Where is it?
This free shipping incentive plan is a cart before the horse job. I’ve moved back to charging for shipping as this increases sales for me.
2014 TIP – To maximise sales forget ebays incentivised initiatives. Just do what works for you!
My tip for today – eBay are holding a ‘shipping Q&A’ for an hour, right now.
They seem to have failed to publicise it anywhere, I stumbled across it by chance.