mocards just became the #2 seller on the top sellers list.
mocards is also the first seller from outside of Washington state to pass up LowPriceCards. He did this in less than a year. mocards put his first cards up for sale on October 27th of last year. All of his cards have been mailed to us.
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.
Since my last blog post we have reached many milestones. We now have more than 200,000 cards for sale, and I was planning to do one last blog post with my timgetsch account in the #10 spot of the top sellers list. However, today DKShultz took over the #10 spot.
DPietrack also called me today to let me know he hit 1,000 total cards sold. So I dug into it and noticed that 4 sellers have now reached 1,000 cards sold. SteveSC, prestongillespie, and cardshark are the other sellers. My timgetsch account has sold more than 2,000 cards, and my LowPriceCards account holds the lead with more than 10,000 cards sold.
This week DPietrack became the first consignment seller to sell more than $10,000 BV worth of cards. He only started selling a little over two months ago. He is offering great cards at amazing prices, and they have not been lasting long. If you see something you like, you better grab it soon.
This week we also crossed another milestone. We now have 10 sellers that have more than $10,000 BV worth of cards on the site.
SteveSC is one of our top sellers, and when he mentioned that this was the first month where he made more money off sales from COMC.com than he did from the card shows he does on weekends, I decided to see exactly how we were doing…
Wow! The site is definitely back up and working smoothly. This week we have been setting records for number of orders and size of orders. Several people have been placing 100+ card orders.
Yesterday we set another record for most sellers in one purchase. Someone from New South Wales, Australia placed an order for 139 cards from 30 different sellers and only had to pay $20 for shipping to Australia. That is absolutely amazing!
All of the cards were Michael Jordan, Tim Duncan, or David Robinson cards.