It has been a long time coming, but after 2+ years of offering our consignment service, we finally have a seller that has more cards for sale than my original LowPriceCards account.
eaglescards is a shop owner from the Seattle area. After sitting down with him and comparing his eBay numbers for the past year to his Check Out My Cards numbers, it became obvious that he was better off sending his cards to us to sell.
Even though our 20% cash-out fee sounds high to some, it is actually amazingly low. Once you factor in all the other expenses required to sell on eBay, it turns out that most sellers are paying 30-40% of their final sales to eBay, PayPal, shipping fees, listing fees, labor costs, supplies, and the list goes on.
eBay definitely has its place. There are some cards that are hot and should be sold at auction. But it turns out that the majority of a persons collection will sell better with a Buy it Now or Best Offer pricing. That is exactly what we offer.
Since we are doing everything in large volume, we are able to cut costs way lower than everyone else. For example, our shipping rates are $3 for the first card and $0.25 for each additional card. Our average order is about 10 cards. That is $5.25 for shipping of 10 cards or just over $0.50/card.
eaglescards thought his buyers were getting a better deal on shipping from him on eBay because he was offering $2.50 flat shipping on any number of won auctions. The thing is, the majority of the time people only buy 1 card. It turned out they were paying about $2 shipping per card. That is 4 times what we charge on average per card. This is extra money that buyers could be spending on actual cards instead of paying for shipping overhead. This is the advantage of having one warehouse with nearly 1 million cards to choose from.
Needless to say, eaglescards is set to start soaring. He is now actively buying collections and sending them our way.