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Post by the other mark williams on Jul 28, 2019 18:25:34 GMT -6
Up until last summer Etsy charged 3.5% for sales on their site....... which coincidentally is the percentage Reverb.com charges now. Etsy then hiked the percentage on sellers to 5% AND decided to calculate based on sale price + shipping, whereas before they only calculated it based on the sale price. I see a fee increase coming to Reverb soon. I hope not but it seems inevitable. ugh.
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Post by Bender on Jul 29, 2019 20:32:46 GMT -6
Keeping my eye on this especially since I do 25k+ annually a year in reverb sales, Primarily BTO assembled kits A LA capi, some hairball as well, in reverb. ( hey jsteiger throw a dog a bone, hire me, i'm young,30, and ready to move to nashville LOL, for real)
If they jack up the rates, then all the more reason to open up shop on my own website,add an exclusive product thats designed in house add it to the inventory, keep hustling and then direct any traffic from Reverb & Instagram to the website. All in all Reverb already accounts for its 6.5-7% total fee ( listing fee + transaction fee) INCLUDING shipping, so nothing will change there. However I am curious, I did hear ebay did change it's rates to be more competitive with reverb, however is that ONLY guitars and such? Perhaps I'm mistaken but I was led to believe that was the case, I.e. musical audio equipment, besides guitars, weren't included in the new pricing scheme. I'd say 95% of my transactions are built to order which makes me a minority of sellers on Reverb, however I've been trying to keep up inventory wise ,like audioscape, on the front end to have things ready to ship; seems like diversification on top of quality communication and crafstmanship reign supreme in the ever evolving proverbial "race to the bottom," but it requires sitting on more capital on the front end, but I digress....
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