April 1, 2009

Tired of Expensive Ebay fees? Try SwiftStore

We’ve attained some customers who prefer to set up a shop with us rather than trade through e-bay. One of our new customers - dkgmodels put a message on their landing page stating that they were using our software and moving away from e-bay due ebays charges. So a little bit of an investigation was called for to see just how do we compare to eBay on price?

We worked out 2 examples, both based on a business with an eBay shop using the “Buy It Now” function. In both cases we are considerably cheaper than ebay, both for a basic store and a featured store e-bay is over twice as expensive. These figures are taken from http://pages.ebay.ie/help/sell/fees.html and are accurate as of the 01/04/2009.

Example 1

Say a vendor with 20 items, selling 10 in given a month @ an average prive of €40 / item.

 

Ebay Shop

 

Basic monthly charge

€19.99

Insertion Fees per item

€0.50

Insertion Fees @ 50 cents per item for 20 items

€10.00

Commission cost per item, selling 10 items at €40 per item  (9.9% commission per item)

€3.96

Total Cost for selling 10 items in month  

€69.59

 

 

Revenue from these items

€400.00

Costs as a % of turnover.

17.40%

  

Swiftstore

 

Basic monthly charge

€20.00

No Insertion Fees

€0.00

Commission cost per item, selling 10 items at €40 per item  (2% commission per item)

€8.00

 

 

Total Cost for selling 10 items in month  

€28.00

 

 

Revenue from these items

€400.00

Costs as a % of turnover.

7.00%

Example 2

Say a vendor with 50 items, selling 30 in given a month @ an average price of €40 / item.

 

Ebay Shop

 

Featured Shop Monthly Fees

€59.99

Insertion Fees per item

€0.06

Insertion Fees @ 6cents per item for 50 items

€3.00

Average Selling Cost per item at €40 per item  

€3.96

Say Sell 30 items

€118.80

Total Cost for selling 30 items in month 

€181.79

 

 

Revenue from these items

€1,200.00

Costs as a % of turnover.

15.15%

  

Swiftstore

 

Intermediate monthly charge

€40.00

No Insertion Fees

€0.00

Commission cost per item, selling 30 items at €40 per item  (1% commission per item)

€12.00

 

 

Total Cost for selling 30 items in month 1

€52.00

 

 

Revenue from these items

€1200.00

Costs as a % of turnover.

4.33%

 

All in all there are huge savings to be had from using SwiftStore, on top of which you get your own site with a much greater degree of control of it.

Posted in New ShopsNewsOpinion |

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