Doing this will literally double your eBay sales (for real)
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- Опубліковано 4 чер 2024
- Double your sales on eBay...sound too good to be true? Well, it's not! But you do have to be willing to spend a little more money to make a lot more. I did this with eBay's Promoted Listings. Even if you've tried promoted listings in the past, or are hesitant to pay eBay more money, give this video a watch... you may learn something new. Thanks for watching!
Reselling tools I use:
- Label printer: tinyurl.com/28hdx8y8
- My favorite packing tape brand: tinyurl.com/29k792e6
- Postage scale: tinyurl.com/zakyprz5
- The best tape gun: tinyurl.com/55pmcbr9
- Photography lights: amzn.to/4bRgVOj
You can also find me on Instagram here: / justinresells.yt
In the video I mention two other videos you may be interested in:
1) How to check value, supply, demand, and the sell-through rate for items you're looking to buy to resell on eBay: • Slow eBay sales? Fix i...
2) How I sold $82,640.32 part-time on eBay last year • How I sold $82,640.32 ...
Some of the links above contain affiliate links, which means I may get a cut if you decide to make a purchase. Thank you for your support! - Навчання та стиль
Fairly new to reselling and I knew about promoted listings but never wanted to pay more fees! Never realized that 2% would do the trick. I turned promoted listings on at 2% last week just like you explained and my sales have literally DOUBLED! Very cool, thanks so much for sharing this!
Great to hear!
he gets discounts for making these videos...
@@SouthjerzylimitsThat’s great for him, and I hope he does. That doesn’t mean he can’t also give valuable information at the same time though
if thats what you call common sense then sure thing. he does do a good job tho@@Kaskh1122
@@Southjerzylimitsfrom whom?
I already promote everything at 2%, but, I have to say, this is the best explanation of this subject that I've ever come across. I'm a new subscriber and I look forward to more of your content. Thx. 😁
Wow, thanks!
@@justinresells Yes! The best most accurate, easy-to-understand explanation ever!! Thank you so much!
I have recently restarted selling on ebay. Imagine my surprise when I turned on promoted listings and sold my first item in 24 hours. Nice.
I also have been doing 2% on everything for about a year now and it does make a huge difference.
Completely agree
I needed some answers concerning promoted listings so I check out your page and see that you had just done a video on it which answered all of my questions! Awesome!! You are awesome as well! 🙏
It really works I did this 2 days ago and have already seen a big difference. Thank you so much for the help. I thought my pricing was off but it was just not being seen.
I just unpromoted all my listings, now I'm going back and turning them all back on to 2%. I find it best to make changes constantly. I change descriptions, pictures, promotions, etc. It seems to drive traffic to "look" at least. People with big stores don't have time to do this. They list it and forget it! I can barely get up 250 items, lol. Working on it every day though.
How much are you making a month on 250 items roughly? (Profit)
dont do that. it makes you look indecisive and that will stir buyers away when they see something and then by chance you change it an hour later they come back like huh ohh wait its the same but now its listed different hmmmm idk now..... no kid dont do that. revise old listings with new photos lower price. your welcome
Amazing how it's always the simple things that make the most sense once we find the solution. Thanks SOOOO much for this, never knew!!!
Wow super happy to have found you. You’re really great at explaining things in a simple informational way and I really appreciate that! Binge watching all your videos now. Thanks so much for sharing!
Thank you so much for the kind words!
Finally someone who explains all of this clearly! And explains how and why we would want to do this. Love the videos thank you!
Thhanks for watching!
You’re a natural UA-camr! Excellent explanation and delivery. Thanks for sharing.
Wow, thank you Christopher!
I Agree 💯💯💯💯
Great video and explanation of promoting. Ive found a lot of people get stuck on paying ebay a couple additional points on a sale rather than look8 g at the larger picture you clearly illustrated with how an extra $800 netted you over $40k in sales.
Advanced is very good for items where you have multi-quantity.
I've been promoting for the last 3 or 4 years and can attest to everything you laid out here. I'm at about $175k gross annually, with roughly 60% of my sales coming via ads.
ya well not near a typical sellers volume. Most sellers are not grinders willing to take silly low prices because they do not have the volume to make up the lower prices. eBay could careless apparently. It's a race to the bottom and they are going to crash in spectacular fashion.
Thank you so much for this helpful insight. I'm 3 months into reselling and I became eligible for promotions the other day. Just promoted a handful of items at 2%.
This is such a good tip! In all my years on ebay I never really done many promoted listings, mainly because I didn't know I could change the ad rate 🤦♀️.
Glad you know now!
I've been selling on eBay since 1997 and this is the first time someone clarified the potential value of Promoted Listings - thanks very much!
Thanks for the info! I was literally just wondering about promoting today and up popped your video!!
Thank you for making it simple to understand.
Crazy good info from you man, your the best
This is very helpful, I'm going to try this on a few of my listings. Thanks!
Ad spend is also a write off. Another great video. So glad I found your channel.
Good tip! Glad you found me too. Thanks for watching.
I appreciate your honest and informed approach. I've resisted 'Promoted Listings' for a long time. I have serious reservations about this option, but I will think about it differently since watching this video.
Thanks for watching and let me know how it goes!
I had used promoted listings before, but this video provided a new perspective on even the standard listings I had not considered.
Glad it helped!
Ebay charges 13.5% now (12% when the video was made) Justin, thanks for making this channel!!
Thank you! didn't know you could adjust the rate for the Promoted Listings!! I really appreciate you sharing your knowledge!! Love your videos!
Same!
I’m binge watching all your videos! You’re content is an answered prayer lol thank you!
Glad you're enjoying it. Thank you!
@@justinresellsTo outsmart everyone else in business, think of it like the battle of the bast@rds 😂
Came here from HairyTornado's video. I've now watched several of your videos and have to say, you definitely won a subscription based on your content, as opposed to just because they gave you a shout out.
I've only promoted items a few times, because the concept of giving even more money to EBay made me squeamish. But having watched this, I'm going to give it another go and throw a 2% on all items I have that are over a certain price threshold.
Hopefully I'll have the same results!
Keep up the awesome content!
Thanks! Which HT video?
Let me know how the promotion goes! I've had a few folks say they implemented 2% across the board and saw their sales double as well. Curious to hear how it goes.
Thanks for your content. I’ve been searching for more data and statistics discussions about reselling and these are great. Subscribed and am just south of StL.
Glad it was helpful! Thanks for the sub, neighbor.
This is very valuable info. Embarrassingly, I didn’t know I could set the rate for promoted listings! The few listings I’ve promoted are usually at 11-12% because that what ebay shows me! In fact, last week I ended most promotions. I think I need a reset on my listings. Thanks.
Excellent video, thanks for the insight Justin, good luck pickin!!
Thanks! You too.
I do promoted on about 75% of my listings and my sales are 60% organic, and even more surprising is that when i use promoted it seems to increase sales on everything not just the promoted listings. However I don't think it increases sales by 100%.
Very good explanation about the topic ❤
Thank you for explaining the difference between the two types of promoted listings. I have not tried the advanced promo yet.
Of course, thank you for watching.
Thanks for your info. This was very helpful. I am about to selling on ebay. And I watch Hairy Tornado and he promoted your site and now I am subscribed to your page. Keep doing your good work! Thanks again!
thanks for watching!
Great information! Thanks. Happy thrifting. 😊
Embarrassed to say this but never could figure out how to find sold items on app. Thank you so much for this info! 🍻
cheers!
This was soooooo helpful, thank you!
I'll have to look into this!
Thank you. Great explanation on standard promotions.
Glad it was helpful!
This is high grade gold ore. Thank you Justin!
Thank you for explaining this!! You rock!
You're welcome!
Sounds great ,will try will let you know
Great information! I was literally writing in my to-do to research promoted listing for my model. This was very helpful in helping me make a decision! I am enjoying your channel
Great, thanks for watching!
Thanks for the advice. Very helpful
Glad it was helpful!
Excellent info! Thank you so much!
you're welcome!
Great genuine video thanks! You just saved me a ton of money!
Glad I could help!
Just came across your videos, watched a few of them already, really love your content, your explanation of actual money you intend to profit! Even thought I know the sold comps aren’t profit it’s nice to hear someone break it all down quickly and using a rough value of 60% profit on most items sold - your giving me some insight on maybe stepping up my game a little bit better to not get so overwhelmed and over purchasing items and taking it a lot slower with more details and being more accurate with my paperwork
Thanks so much! Glad I found you 🎉
Glad you found me, too! Thanks for watching. 60% is a good rough estimate based on my own data, but be sure to calculate your own as it is highly dependent on a number of variables. But it's good to have a rule of thumb when I am out sourcing to know that if something is selling at $100 including shipping that I will make roughly $60 after all fees.
Great help once again!
Awesome content thanks for the advice.
you’re welcome, thanks for watching
Did not know this. Thank you for the advice.
Glad you found it useful. Thanks for watching!
Just got started reselling and haven't unlocked promoted listings yet. Definitely going to be promoting at 2% when I do, however!
Your explanations Rock!
How do you set it up to where when you set up promoted listings when you list something it automatically promotes it for you? Thought I did it yesterday but when I listed something it didn’t automatically promote it ?
Very helpful and succinct! Thanks!
You're very welcome!
Out of my last 46 items sold, 29 sold through promoted listings. That’s a little over 60%. I alway do promoted listings ❤. My rate is 2.5% for now.
Sounds familiar. Thanks for watching :)
Just found your channel! Loving it!!!
Thank you :)
I am going to watch all your videos today while I list.
Great break down! Do you promote the same rate across the board or different rates for different items? What’s your method for determine a rate that moves items without braking the bank?
I just do a flat 2% across everything.
I can attest, promoted listings doubled my sales as well. I way need to trim back my % though... Thanks!
Thanks for explaing promotions I thought they charged upfront.
Right now I’m playing around with the dynamic ad rate - only after I found out you can set a cap. I always figure it’s wise to do whatever eBay is pushing. (Except free shipping lol) It’s eBay’s playground. I also get good results from running coupons.
Never tried the dynamic rate and also didn't know you could set a cap. That is interesting, I may have to experiment with that. Thank you for watching.
Thanks for this great explanation of promoted listings!
I now plan on using 2 % going forward and measure my results
Yeah, give it a shot and let me know!
great info thanks
Could you or have you done a airtable video? Looks very interesting if I could get walkthru to try to start it. Which plan to use, how to add the receipt info, etc. Was it a template or did you make it all yourself. Thanks
here you go! How I use Airtable to manage eBay inventory and sales data
ua-cam.com/video/Qmk1ephU6II/v-deo.html
I had a similar result with using just 2.1%...it is crazy!! excellent tip!!!
Thanks for watching!
Great advice. Thanks.
Glad it was helpful!
Thanks for the help!
You're welcome!
Thank you, this was very helpful, I was able to start my own campaign before the video even wrapped up
excellent! love the hustle
I came across your videos and love the info you provide. On one video you said you bought a pallet for $700. How do you find these pallets? I'm trying to make extra money since my husband illness. I have other questions but I was wondering about the pallets. What should I be looking for? I also heard about unclaimed packages. Thanks for any info in advance.
Not a pallet supplier or anything. I just made a good connection. I went to buy some stuff off Facebook Marketplace from a lady. When I got to her house, it was clear she was also a reseller. She regularly got pallets from some place that she wouldn't tell me for obvious reasons. But she was bringing in more than she could sell so she agreed to offload certain pallets to me. I work with her every few months, which is about all I can handle doing this part-time. My point in tell this story is: make connections! You never know who is going to help you out like that. Thanks for watching!
Thanks for the video. Think you saved and made me a lot of money!
I was tearing dynamic promotions yesterday. I switched to fixed rate.
Glad I could help!
Hi. I use the eBay app. I just promoted some listings at 2%. Beneath that it says campaign. What is that for? Please could you clarify. Thanks
The best results I've gotten, is selling Antiques, and Collectibles. I've tried some clothing, and shoes, and did TERRIBLE. Promoted listings are driving many Sellers broke. If you are doing 20% Promoted on shirts, then you are paying Ebay around 35%. That's ALOT of money overall. I buy more unique or limited items. As such, the most I do is 5%. Might take awhile for a collector to buy my item, but I prefer that, than making $2 an item in Flooded Categories. My profit margin is very good on items. Profit margin should be what people need to concern themselves with, not how many sales they make.
Nah. You need to put in work if you want to make money. Sell 100 things making $15 each in a month, or sell 2 things making $200 each in a month. More work more money.
This sounds like you’re working smarter, not harder. Good advice!
Very helpful. Thank you
Glad it was helpful!
Thank you!
You're welcome!
Thank you for your help again
Always welcome
I started selling last month just to get some hobby money and have been doing 3% on every listing. As someone who is doing this less than part time promoted listings make up more than 65% of my sales.
Thanks 🙏 I didn’t understand advanced
Promoted fees is the promotion percentage times the sum of sale price plus shipping plus sales. I see using straight sales price to simply things for video.
Best advice you gave is explaining not to use promoted on rare items with less competition.
You're right, I did simplify it for the video, but appreciate you providing the additional context. Thank you for watching!
Thanks for this. I am going to try the 2% method
Best of luck!
One problem that I have come across is when looking at the active listings let’s say they say there are 200 of them and the sold listings are 100. It really doesn’t matter on the sold listings for what I’m talking about. Anyway, going back to the 200 that are active. Sometimes they’re not the exact thing that you typed in but yet they still counted as a number for the active listings so you can’t always get an accurate number. I hope that made sense.
Yes, that is a problem for sure! I find that I often have to get more granular with my search if the results are showing a wide mix of related items. For example, always search for the model number if the item has one. Also, filter by the condition -- new or used. That helps you get more specific results. Thanks for watching!
Doing the “quick and dirty” on Comps (i.e. NOT going granular as Justin rightly points out is even more important most of the time), when you’re under the gun at your sourcing location - is required due diligence… as in checking out an unfamiliar (usually vintage) brand, just to get a feel for if it’s a grand slam or an ass brand.
@@pkzenk2158ahh the infamous ass brand. lmao Matt, is that you? 😂
Wow your channel is really growing! And fast! I subbed to you back when you had less than 50 subs!
Justin you are awesome
Nick, so are you.
excellent explanation
thank you!
Great information
Thanks for watching.
Great information! Promoted listings is mysterious no more😅
Glad it helped ✌🏻
What do you think about promoted listings on niche catagories? Vintage niche especially. I think items in these type of catagories may already have built in buyers in the collectors of said niche. I guess you gain new customer collectors by promoting but otherwise i wonder if promoted are needed. What do ya'll think?
I am a reseller of both collectibles and several niche catagories. I pay 2% promoted rate on 2000 items. Rarely is anything RARE and HTF. I am competing with other listings. If I feel I have a HOT item that will sell quickly then I might wait a week to promote that item. I have tried everything for extended periods and have personally decided that I get more sales when I promote.
Great clear cut information. I would suggest promoting those other items because what you arent factoring in is that ebay will show the item if its similar. For example with thise flags, if someone searched that team name with decor, ebay might also show that flag, leading to a sale. A little deeper if someone searched 1940s wall clock, theyll show a promoted similar item like a 1940s model car because they didnt have many results for the clock. Just my 2 cents. Ebay wants to make that extra money 😂
Great tip!
Nothing personal but I do not believe 2% moves the needle at all. Particularly for clothing 3:20 . Suggested fees are up to 16%+ now. The algorithm sneezes at 2%. If it were only that easy. At 2% better have free shipping, lowest price and be a top seller to make a difference. Just my experience after 23 years. peace
Promoting my listings has done absolutely nothing for my sales. I've tried 2%, I've tried 13%. It does not guarantee a higher rank in the listings. It does not guarantee more exposure. It only guarantees eBay will make even more money from you if your item sells. I'm a Top Rated seller, and an (almost) 25-year eBay veteran with a consistent 100% feedback. I'm glad promoted listings works for you, but it doesn't work for everybody - which just shows how inconsistent and screwed up eBay is now. There are plenty of other sellers - especially long-haulers - who have noticed the same thing.
Thanks for watching and sharing! You're right, promoted listings aren't necessarily a silver bullet and it's best to try it out and see if it works for your business specifically. My guess is that it has a lot to do with what you're selling. For example, if an item just doesn't have much demand, promoting it is not going to make it more in demand. Promotions work best when both demand and supply is high.
I don’t consider myself knowledgeable on eBay, but it sounds like promoted listings may not be helping you boost sales because your good business practices were causing the algorithms to place your listings at the top anyways. It doesn’t sound like exposure is holding back your sales. Perhaps look to other metrics like selection, pricing and display to increase your revenue. And by all means, keep up the excellent customer service. As for eBay’s faults, remember you’re paying for access to the marketplace, a/k/a foot traffic so offer customer support suggestions but temper them with a realization of the intense operational needs of a huge platform. There’s a lot that goes on behind the scenes to make this marketplace a reality. It’s not easily maintained or recreated and deserves some slack. I, for one, appreciate that someone else has put in all the knowledge and work to create a place where I can buy and sell with strangers all over the world. I definitely wouldn’t have ever figured out how to do that on my own. Thanks for sharing. Be well and prosper. ❤
Great Video !
Thanks!
Amazing explanation. so does that mean with Promoted Listing Standard we just pay the 2% only when there is a sale. but unlinke promoted listing advanced we don't have to pay for each promoted click or impression?
that's correct
@@justinresells Thank You So Much For Your Prompt Response
Awesome, just subscribed. MIZ!
ZOU!
Great info
Glad it was helpful!
Your videos are great. I can understand them. Thank you. Im fairly new and funny thing i cannit figure out how to send a return label, send coupons, etc. Could you help?
Thanks Debbie! For returns, you can just wait for your buyer to open the return, and eBay will let you know what the next steps are. But if the return is already open, you can go to My eBay, click on Orders on top, and then click on Returns where you can find the return information. I have a separate video on returns which you can watch here ua-cam.com/video/liUEYSQHoFg/v-deo.html As for coupons, sorry, I don't really use them much so am probably not the best person to give advice!
@@justinresells thank you.
Just make sure you change the promoted listing from the 11.5% EBay is trying to be slick and stick you with.
I've been selling 3 years and I didn't know I could change the promoted listings to 2%. Good advice
Glad I Could help! Thanks for watching.
Hiii... Did it work..? What impact you see after promotion..?
Justin does the same goes for drop shipping? After the fees I'm making about 2-10$profit per item
i don’t have any experience dropshipping. sorry!
When Ebay started this promoted listings scam just few years ago the highest (suggested rate) was 4 or 5% with 1% minimum, now the minimum is 2% and as high as 14% just imagine in coupe of years seeing this suggested rate reach 40 or 50% and of course this percentage includes the price plus tax just like all other fees
On the way to that..in my panel almost all the suggested numbers are 11.8%. the BIG problem here is our old LISTINGS are now polluted with low ball comps. The chances or yours selling now is greatly reduced even if a customer finds your listing. Most buyers are NOT doing the due diligence on comparing quality. They assume, since Ebay suggested a like item...the Shirt say, is the same like new the one I am looking at....wrong. But by the time they have clicked away to the junk shirt they are off to another suggested ad.
Yeah I just ignore the suggested rates and go for the minimum and it works great for me. Thanks for watching.
The problem is when most of your sells are promoted, and they are as high as 10 percent. Your now paying ebay almost 25 percent of every sell. Mercari then becomes cheaper to sell your items on. They are feeing themselves out of business. Now, with the way they have promoted set up with the new rules if someone clicks one of your items last Tuesday then decides to buy a different item from you that isn't promoted you get hit with the same promoted fee. If you sell on ebay just go ahead and know up front your going to lose a quarter of you sell to ebay. It's heavy and it's glass, now take into consideration that it shipped to the other side of the country, and the taxes are more expensive. You spending more on shipping supplies and the fee's are on shipping and taxes. Fee's can cost can go as high as 35 percent. Some things are no longer worth selling on the ebay platform. I would rather have my items get me more profit on a slower site such as Mercari rather than just hand ebay money.
Yeah if you’re paying the suggested promotion rate you’re basically throwing away money. As I said in the video I do 2% on everything. Thanks for watching!
Do you have weekly or monthly sale events? And if so, do you also use promoted listings on those items? I have sale events every weekend. And mark my items down 15 to 25%. So, I am thinking if I am willing to give that much of a discount then giving 2 or even 5% to eBay might make more sense for me. To be honest I would rather give the customer the discount but if my sales increase then I need to rethink my weekend sales events.
I do the occasional store wide discount for a few days but not with any sort of regularity. Thanks for watching!
Now ebay has a 30 day trigger..... if you promote an item and someone clicks on it but doesn't buy. Then you take the item OFF PROMOTEd listing .... the customer comes back a week later if it's within 30 DAYS. You will have to pay your promoted fee. This just happened to me.
........ here is the Ebay quote
.........You’re only charged if a buyer clicks on your promoted listing or on the heart icon to add an item to their watchlist and then purchases any of your Promoted Listings Standard items within 30 days.
I was initially promoting at 2% then my sales stopped so I changed to Dynamic promoting and i started selling again everyday and now it’s come to a slow weeks
I've never tried Dynamic but it sounds like it's working out well for you!
I'm not so sure the effect is as great as the chart suggests. For one, you never know which of those promoted sales would have been a sale anyway even if you had not promoted it. Combined with that, the months of your double sales are typically higher sales month than average; it'd be better to see the data compared to the same months of the prior year (but it seems you don't have that much data on this store yet). I've been largely cutting promoted listings off of my items, and although impressions have obviously reduced quite a bit it hasn't been affecting my actual sales. Indeed, my conversion rate has slightly increased. So it appears, for me, that most of the promotions were showing items to buyers who weren't going to buy from me anyway.
Yes, you're right! I addressed this very thing in the video in fact, which is why I always recommend that you try it out for yourself. Sounds like you're better off without promotions. For me it's a no-brainer though. Thanks again for watching!
When searching for “Sold” comps for an item, in many cases all of the “Sold” items were by auction. How does one figure a price when the auction “Solds” are all over the map?
You can change the filter to exclude Auctions from the search results.