*
Bedford Ramblings
Steve Mills

Yeesh! stayed up late to watch an auction of mine and....

Posted Monday, May 16, 2016, at 9:59 PM
Comments
View 7 comments
Note: The nature of the Internet makes it impractical for our staff to review every comment. Please note that those who post comments on this website may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.
  • Good thing I did not pay much for this, maybe a $1.50, so I quadrupled my cost of inventory (COI) but that still did not add up to much. Percentage wise it looks great but dollars in my pocket, not so good.

    By the way, the 997 was $9.97, not hundreds.

    Lessons learned? Start it higher, know my product better, and/or better luck next time.

    From a collector's point of view, the guy got a good deal. The glass lens itself was worth that selling price and more, then add the camera in great function condition and the extension tubes.

    Oh well, stuff happens.

    -- Posted by stevemills on Wed, May 18, 2016, at 10:50 AM
  • As an example of it happening the other way, I bought some books that brought about $30 profit after expenses, but a small slip of paper that was used as a bookmark brought and additional $25.

    My wife thought I was crazy for taking the time to list it and I thought she could be right, but.....

    -- Posted by stevemills on Wed, May 18, 2016, at 10:53 AM
  • My daughter, who at times has made her living on EBay, is so frustrated with the current EBay climate that she has pulled her inventory and is looking to either try later in the year or look for another way to earn income. She just doesn't get what is going on...

    I have been thinking about listing some things but will probably do some more research before I do.......

    -- Posted by Palindrome on Wed, May 18, 2016, at 2:52 PM
  • Steve, Please don't tell me that your camera had a Zeiss lens.......

    Another thing my daughter said is that her buyers seem to be people who turn around and re-list the item......Guess that means there is not a lot of competition out there...... At least not buyers......Maybe I will wait......

    -- Posted by Palindrome on Wed, May 18, 2016, at 2:59 PM
  • Not a Zeiss. From what I could read, it was a fast lens, with good optics in its' day, BUT it is a screw mount which restricts the market by more than half for anyone who wants to use it.

    That frustration is what keeps me in the teaching business. :-) But we are on four other venues actively and they all have their issues.

    Eight months ago I might have chimed in with some frustrations but since the new leadership has ascended, things are looking up. Can't say it is all wonderful but our sales are 20 to 1 compared to the next best venue, which is etsy.

    Amazon is great for those who want to sell new products, but Amazon can become your competitor if things are too good. They have no qualms about taking over a market. eBay does not own a thing.

    If your daughter wants to chat about some of her frustrations, have her send me an email. I may be able to temp her back into selling.:-)

    eBay threw us (Education Specialist) a curve ball a few days ago. They are ending their support of the program, so I have a frustration or two, but it won't stop us from selling on eBay or me teaching it.

    They never paid us, but they did promote us on the website. We will be on our own soon, although they talk about doing something for us, just can't say what yet.

    -- Posted by stevemills on Wed, May 18, 2016, at 3:53 PM
  • Well, Amazon is quietly moving in on their vendors. I caught wind of it yesterday and spent an hour or so doing my own research and WOW.........They have their own generic brand names that are priced to beat everyone else's.........They are being marketed to" Prime" customers and there is a new concept called the pantry box.......Fill it up and pay 5.99 shipping flat fee for everything......Kind of cancels out their " Prime " free shipping doesn't it.......

    They have ideas up their sleeves.........Moving on......

    -- Posted by Palindrome on Wed, May 18, 2016, at 9:44 PM
  • They are in a unique position to not only dominate because of their size but also because they have all the information of your product, sales, and customers. Easy picking.

    I've thought about developing an Amazon account for years but like to be unique in my offerings. The problem is that if I am successful, I may find "Big Brother" my competitor.

    Yes, much of that success is visible to all, but Amazon would have ALL the details of my success, where normal competition would have to glean it through various other means, resulting in me being able to enjoy my business longer and adapt to competition as is rises.

    If amazon chose to be a competitor it would be a massive shock and they control search results so.....

    -- Posted by stevemills on Thu, May 19, 2016, at 8:41 AM
Respond to this blog

Posting a comment requires free registration: