Avoid High Fees And Dealing With Buyers
We’ve all heard of self-made eBay millionaires – but when it comes to selling your camera, this marketplace isn’t the right choice. Here’s why.
With 168 million active buyers on eBay, it’s easy to see why this trading platform is a popular choice for sellers. However, there are certain items that fare better on the site than others, with high volumes of ladies’ shoes and handbags, along with tablets and even cars being sold on the site each day. It isn’t the only marketplace available though, and if you’re looking to sell a camera, then it’s best to avoid eBay in favour of using a dedicated camera exchange site instead.
Complex Fee Structure
There are a number of ways that cameras are sold on eBay. You can place your camera in an online auction and set it with a low starting price to attract buyers. The idea of course is that you’ll have so many ‘watchers’ who are eager to snap up your camera, that the bids will go sky-high until the final sale price when the auction ends. Whilst there are many successful stories such as these, there are also unfortunately just as many embarrassing tales of those who have given away their items for much less than they’re worth – for example, the buyer who sold his new Jane Austen ten-pound-note for less than a tenner! To combat this, you can set a ‘reserve price’ so that your camera won’t be sold until the bids reach this rate – but you’ll pay a 4% fee for the privilege of this safeguard.
Another option available to you is the Buy It Now price, which is a fixed sale instead of the auction style. Be aware that although you can list up to 20 items for free each month, eBay will charge you 10% of the final transaction fee, which includes postage and packaging, so be sure to take this into account when setting your price. If you’re offering PayPal as a payment method, then they’ll also charge 3.4% of your final price plus 20p. All of these fees can eat deep into your profits, making eBay quite an expensive option.
Even with the feedback scores attached to each eBayer’s individual profile, there’s still an element of suspicion associated with carrying out a transaction with an unknown, faceless individual. Buyers want to be sure that they’re getting a camera that matches the positive description on the listing, whilst sellers want to receive their money quickly and in full before they dispatch the device. Buying a camera is such a personal process though, and selling on eBay means that your buyers won’t be able to pick up the device to look through the rangefinder, nor can they feel the weight of it in their hands, or scrutinise to check for any scratches or nicks. All of this doubt from the buyer means that even if your camera is in great nick, unfortunately you’re unlikely to receive as high a price as you would elsewhere.
To attract more buyers on eBay, some sellers choose to accept returns, but this isn’t a great option if you need the cash fast, perhaps to purchase a new camera model. Similarly, you won’t want the worry of receiving your camera back in a damaged condition if the buyer hasn’t bothered to package it with as much care as it required.
At this point, you may be asking yourself ‘where should I sell my camera instead of eBay?’ The answer is to use a reputable exchange program, where you’ll gain an initial quote, then send off your equipment to be checked over, before receiving a same-day transfer of cash, or a cheque. You won’t have to deal with the end-buyer at all, you’ll just have a simple offer of funds, which you can then put towards your next camera purchase. Take the hassle out of your transactions by avoiding eBay for your next sale and camera purchase.