I sold my eBay sellers account on eBay. Susan a friend of mine at the time had this idea.
To make a website along the lines of my blog and post/sell items garage sale style kinda-like eBay. At the time I thought that was a ridiculously bad idea; little did I know or could fully understand the true genius behind this and how good of an idea this really was.
About a year before that I had more or less quit selling on eBay (about 5-6 years ago) but my friends Jeff and Susan were still selling on eBay and going very strong. I would checkout what they were doing and thought to myself, how are they making any money? I thought to myself eBay had really jumped the shark.
So recently (2013) when I sold a few items I had laying around the house and the cost to do this was upwards of 25% plus Paypal fees I knew my eBay sellers account usefulness was over. So I decided to sell my eBay sellers account.
I had already been familiar with people selling eBay and Paypal accounts from the website PayPal sucks. Dealing with eBay and PayPal for over 12 plus years I have had some interesting experiences and some priceless information that has helped me in my personal web business. eBay is only a website and comes up with some wild resolutions, so if your going to sell on eBay then you are at the mercy of their terms and condition’s.
My experience with eBay has been when it comes down to-it eBay rules whatever favors their position; so you need to be prepared for the worst in any situation. Because you don’t know who your dealing with and quite frankly neither does eBay. I guess the only thing I can say in defense of eBay, they really have no playbook for dealing with millions of transactions in a free-trade environment.
I may have been one of the few sellers to see eBay at it’s best and it’s worst. eBay started to implement changes that really started to hurt sellers. The Power Seller exodus and start a website> http://www.powersellersunite.com/ Unfavorable terms, high fees, feedback restrictions made seller run for the hills.
These days the research I uncovered is that sellers now have to really jump over hurdles to sell online witch really seems silly, because anyone can start selling online with their own website for like $10 dollar investment and no barrier, and completely bypass eBay. I think people forget after-all eBay and Paypal are really only a website that started by selling Beanie Baby’s, without sellers and buyers, they have nothing.
Because my account was started 12 years ago and I had 100% positive feedback with 475 consumer reviews I had establish myself for such along time I had no limits on my sellers account.
Why I sold so cheap – I sold my eBay sellers account for $1500 to (*I know this is cheap) a guy that had a good establish history. I had many offers on my eBay account, my PayPal account and even my Bank account! I had offers up to 3000+ but mostly from people with 10 feedback, or low or bad feedback, this was a concern for me. I didn’t want for this transaction togo bad on me. The info I had on selling my eBay sellers account was only what I could find published on the web and viewing what past sellers accounts sold for and that was poor at best. So I had no clue how this would turnout.
My Account SOLD! It really stated to hit me when it sold, holyshit! I put my hart and soul into my account, over the years I did my best to be a good eBayer. My motto was: I never wanted to take someones money, if they were not happy. Besides, I personally never wanted to pay for something that was miss-represented. Buying online is hard enough, alot goes into buying, mailing and waiting for the item. So I got the payment and the first thing I did was run to the bank and take out the maximum amount of money I could from my Paypal account. I started looking at my account, and stated to get worried, besides this was all my work. I have not updated my info in some time, after dealing with eBay it just became to big of risk giving them too much info, just was too much exposure, my credit card had expired, the address was 4 years old so I really had no exposure. My biggest fear was eBay shuts it down, the guy does a charge back and I am out the account, the money and left holding my dick.
What would I have done different? Because the buyer is buying my sellers account I would say the buyer has to pay the final value fee for the auction for the seller’s account. eBay has really become a different market, you can no longer sell things with thin margins.
So what happened? The transaction really went flawlessly, I was flat amazed, the seller and I got on the phone in a 3 way call with eBay support, and they made the transfer. The eBay phone support had no issue with the transfer