NostoNews, September 1, 2004
by Tommy Jasmin
Why sell on Nosto?
Sellers, are you tired of high listing fees on venues like eBay?
Nostomania.com listing fee: $0.00
Let's look at an example comparing
fees for a fixed price item.
Suppose you decide to sell an item for $25.00. Below is a table
comparing fees at the time of this article on eBay and on Nostomania.
|Fees for selling a $25.00 item
|Final value fee
|Buy it now fee
To summarize, here are three important points for selling on Nosto:
Again, thanks to all who use and support the site as we expand and improve.
We greatly appreciate it!
The eBay fees in this example are over 10%. If the buyer pays with
PayPal, the total fees to the seller close in on 14%! Nosto feels
this is just too big a slice of the pie for the seller to swallow.
Nosto fees are capped at 5%. This
is the most they can be. The more you sell, the lower the
fees, dropping to as low as 1%!
Nosto also allows the innovative "Percent of current value" selling
scheme. Example: seller lists the item at 80% of current value.
If the current value is $100.00, Nosto will automatically put the
item up for sale for $80.00. If the value later goes up to $200.00,
adjust the selling price to $160.00 so the seller doesn't have to
worry about updating sale prices! But this is a topic for another day, and
another news story...
Don't forget, all you have to do is create a single Collection,
Wantlist, or Salelist item during the appropriate month to qualify for our sweepstakes.
Why not take a look and see what we're giving
away (and gave away last month), free as always.
Thanks, we'll see you all next month.
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