USPS rates are going up! What does this mean for eBay sellers?

Many of you have likely heard of the USPS rate increase. On May 14th, rates will increase significantly, leaving eBay sellers with some things to ponder.

How does this impact your business? If you are a large-volume seller like me, a shipping rate increase is a big deal. Sellers like myself move thousands of units each month, and each of these units will be impacted by a shipping rate increase.

Some eBay sellers believe they will be able to combat this issue by simply raising their shipping rates. However, in competitive categories, I don’t personally believe this is going to fly.

eBay buyers are generally looking at the total price of buying an item (sales price + shipping). An increase in the shipping rate will put you at a disadvantage against the competition (unless of course everyone else raises their rates as well).

So what do you do? My recommendation is to simply make sure you are always aware of all our costs, including shipping rates and fees, and track your profit margins to ensure that you are still making money when its all said and done!

Corey Kossack is one of eBay’s “top sellers” through his eBay store, Koss DVD. He is also author of eBay Millionaire or Bust and creator of ProfitBuilder software that maximizes profits for eBay sellers.

Previous Article

Tips to get started with a online newsletter

Next Article

Entrepreneurs have “Attitude”

Related Posts
home-based businesses
Read More

The Value of Home-Based Businesses to Economic Recovery

The challenge of America’s economic recovery, in the wake of the COVID-19 pandemic, is to spread it to every community – and especially those that have been historically excluded. The key to meeting that challenge is to appreciate the civic and economic value of an overlooked resource: home-based businesses. There are about 16 million home-based...
Read More

Business Entity Types Affect Financing Options

One of the most important decisions you’ll have to make for your new business is to determine a business entity type. While the topic may seem daunting for new entrepreneurs, establishing a business entity early on is vital because the structure you choose will have financial and legal implications for your business. One of the...
ESG investing
Read More

Why and How Companies Must Prepare for ESG Investing

Historically, revenue, capital growth and safety of returns have been the key determinants used by investors when making any investment decision. And, that still holds true – but there is a new factor that investment firms are increasingly taking note of when making their investments and that is known as ESG investing. While ESG investing...
medical startups
Read More

Successful Medical Startups: What You Need to Know From Someone Who’s Been There

Launching any new business venture requires a fair amount of strategic planning, especially considering that only 50% of all startups survive beyond 5 years. A medical startup aimed at an industry as regulated as that of health care, however, requires even more. Between navigating various federal regulations as well as the differences in those regulations...