Boost Your Sales by Keeping the Costs Down with Ebid

Keeping the Costs Down with Ebid

Growing an online business is a major goal of every online entrepreneur. Business growth can be challenging and comes with its own costs.

Selling online comes with its complexities and needs to be evaluated. Selling online is a strategy that has to be done in a planned manner. Just making a profile on an online marketplace, posting products images, description and its price is not a guaranteed route to get sales and make money.

Let’s read on to see the best hacks to craft a winning and profitable strategy for online sales.

Fees and Pricing on Different Marketplaces

For sellers to be profitable in an online marketplace, many factors are to be considered. Each online marketplace has its own fees structure based on the services provided to sellers which can eat into profits.

Fee per month

Some marketplaces have a monthly fee to be paid by the seller just to be featured on that particular marketplace. This fee amount has to be paid whether or not you make any sales in the month. Some online marketplaces have a free account with basic features and advanced accounts with more specialized selling tools and features.

Why Choose eBid: The basic seller account is free so that’s a great place to start with for a seller. To get more advanced features and selling tools consider upgrading to the Seller+ recurring or, Lifetime. With Seller+ Lifetime you have the option to pay a onetime fee with no monthly payments.

Fee per sale

Every marketplace has a fee to be paid on every sale transaction. Some marketplaces charge a percentage of the sale and others having flat fees per sale. Some of our competitors have a very stiff fee per sale up to 10%+ a month. It is a massive payout. Remember this is in addition to the fee per month which you are already paying. The fee per sale is applicable on the product price plus its shipping costs.

Why Choose eBid: Sellers pay 3% on sale price in the basic seller profile and an extremely reasonable 0-2% on sale price in the Seller+ account.

Fee per listing

Sellers pay fees for every product listed on a few marketplaces. Whether a product is sold or not, the listing fee has to be paid. It is also known as insertion fees and can range from $0.10 to $0.30 per product.

Why Choose eBid: Sellers on eBid pay zero listing fees unless they opt for featured listings.

Achieving Online Business Profitability

In any competitor marketplace, such fees can quickly eat into the selling overheads and may leave little money in your pocket once the transaction is complete.

Another marketplace has even raised the final fees by a whopping 4 percentage points for all items sold by a seller which is not matching the expected performance standards of the marketplace.

eBid is ready to serve you with its consistent and reasonable fees structure which has been maintained for 15 years.
Keeping costs low on the eBid platform is an excellent way of managing your overhead costs and making sure that your profit margins are maintained.

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