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.
COMC.com is really taking off. We keep getting calls from people that are really excited about the site, and our sellers are starting to enjoy the success.
There are now 7 accounts that have earned more than $1,000 in store credit by selling cards through our consignment program, and there are many more sellers that are getting close.
SteveSC was the first consignment seller to pass $1,000 in sales.
PrestonGillespie was the not only the fastest seller to pass $1,000 in sales, he was also the first seller to have $1,000 deposited in his PayPal account. Preston had more than $1,000 in sales in less than a month.
GoodDeal was the second fastest seller to pass $1,000 in sales. It took him just under 2 months, but he would have done so faster if we had the man power to process his cards fast enough. He has been very patient with us as we are experiencing growing pains.
DKSchultz was only a hair slower than GoodDeal in his race to $1,000. He hasn’t sent us as much inventory as GoodDeal, but with prices that are almost as good as PrestonGillespie, DKSchultz has seen a lot of success.
EaglesCards just passed $1,000 in the last few days. He is another seller that you should keep a close eye on. He currently has less than 2,000 cards on the site, but we are in the middle of processing almost 5,000 more cards for him.
LowPriceCards has a strong lead in total sales. This is the account used for all the cards that were being sold on my previous website, LowPriceCards.com. That site evolved into CheckOutMyCards.com almost exactly a year ago. It was technically the first account to have more than $1,000 in sales, but it isn’t really a consignment seller since the inventory is technically owned by CheckOutMyCards.com.
TimGetsch is primarily my childhood collection. Though it did have $1,000 in sales before any other consignment account, it kind of had an unfair advantage with a 6 month head start before we opened up the system for other sellers.
Some other accounts that are approaching $1,000 in sales include the following.
I finally got an opportunity this weekend to polish off the counteroffer functionality and push it live. It was an immediate hit. This has nearly eliminated the rejected offers, and it seems to have increased the total number of offers. Maybe people aren’t as shy about making offers if they know that the offers can be countered?
Today there was a perfect example of your site enabling collectors to do what they love… haggling over prices.
GrahamsCards sent a $47.50 offer for 35 cards in my LowPriceCards account. The original asking price was right around $90. I countered by asking just under $70. GrahamsCards countered my proposal by offering $60. I countered again with a $65 proposal, and GrahamsCards accepted my proposal.
Here are a couple of the cards that were included in the transaction.
To my knowledge, COMC.com is the only site that allows buyers to make a single offer on multiple cards and let the buyer and seller haggle back and forth over the price. This was truly a beautify interaction to watch. This is only a small taste of the many innovations that COMC.com will be bringing to the online sports card community in the near future.
Last week SteveSC became the first seller other than me to surpass $1,000 in sales. Steve is a local dealer here in the Seattle area, and he was one of the first people to start beta testing our consignment service last summer. He has been extremely pleased with the sales and service proviced by our new website.
SteveSC is currently the #2 seller on COMC.com behind only LowPriceCards, but that isn’t really fair because LowPriceCards is the account used by my previous website, LowPriceCards.com. All of that site’s inventory was moved into this account when we re-branded LowPriceCards.com as the consignment website COMC.com. So, technically SteveSC is the #1 consignment seller on the site, but that that is soon to change because we have a couple other sellers that are making strong bids to take over that spot.
eaglescards and gooddeal have each given us around $15K – $25K worth of cards that we are currently processing. Over the next few weeks, a ton of great cards will be added to the site, and all will be at amazing prices!
Another seller to keep a close eye on is prestongillespie. He has only been selling on the site for 1 week and has already sold 300+ cards for more than $700.