||[Jun. 30th, 2003|01:44 am]
I'm loving my staircase painting so far! It's very detailed, and I've been sidetracked since Matty came home ;) So I'll have to finish up tomorrow after a momentous visit to the Post Office - I've got nearly 30 prints and paintings to mail - it's not a record, but pretty close (considering I visited the Post Office yesterday and shipped about a dozen items). Eek! I looked in Quicken today, I've spent something like $2000+ just on postage so far this year.... my god.....|
Whoa! $2000! That's a lot of postage lol.
I'm loving your staircase too! ^-^
Ohh but how much have you made so far this year?! Probably like a few million! :) I swear I am so proud/jealous of you!
Do you sell a lot of prints from your site, or is the majority of sales from the originals from ebay?
I wanted to ask you....
Is it risky to do the whole one penny originals sale? Ive only sold a few originals, and if I start them at like 9.95 or 14.95..they get sold at 9.95 or 14.95 and never any higher. And thats sad. So I have considered doing a starting bid a a penny, but Im afraid it will sell at a penny or at like 2.00. What are your suggestions for me? Should I wait until I get better at my art? Ive been on ebay for a few years, so I have somewhat of an "audience"..but not really.
oh Im sorry, Im talking too much on your journal!! I'll go away now :)
Its a risk hon', that I've decided to take myself, since my last dabblings with e-Bay were an unprecedented disaster. I think testing the water and taking Jasmines experience into account is the only way.
I started the "penny auctions" about four years ago, when I first got the notion to sell my artwork on eBay. I had no idea what to charge, so I thought - hey - I'll start it at a penny, and let the market determine the price! Ever since then, it's pretty much stuck. I love the excitement of auctions in general, and a low starting bid encourages more bidders (even if it's sometimes a little slow going until the last day or two of bidding.)
It is risky though!!! When I first started, I had a bunch of original acrylics end at less than $10, which pretty much sucked. Eventually though, I developed enough of a fan base that it's a good auction strategy for me. The only time I don't start them at a penny is for the EBSQ+ auctions (the juried section of ebsq), where the minimum bid must be at least $100. I only do that with particularly large or special pieces. There were a few times a couple of years ago I started some pieces at $25.00 or so, just to try something new (before I started selling regularly) and so many of my fans emailed me telling me how betrayed they felt that I had stopped my penny auctions, so I never tried that again!
That's interesting about the penny auctions! I was wondering too if some buyers would feel "betrayed" when I started selling at 9.99 and 24.99. A couple of people who used to bid on every single one of my pieces stopped bidding completely ever since I started my paintings higher...interesting! I feel like I've been boycotted, lol!
2k whoah that's impressive! Also impressive that you're so organized that it's all on Quicken hehe
Hehe - I love Quicken!!! I use it for everything. It's also the easiest way to keep track of all of my business-related expenses so I know what to write off when I do my schedule-C's at H&R Block next year...
wow that is a lot of postage! thanks for mentioning quicken, i totally forgot we have that, i should really use it.
I do it all in excell. You know, I hate to think what I've spent in eBay fees, but you can turn the statement around and say, I want to spend as much as POSSIBLE in eBay fees and postage, because it means I'm making more!
I've tried the penny thing and it doesn't work for me. They usually sell for a penny or very low. Now that I start them at $1, they usually sell for a dollar! Lol. I make a truck-load of art every month, and thats the only reason I make any profit at all, and it's NOT very much, especially for all the effort. I think the trick is really to get a good fan base and keep in touch with them, a base of a few hundred people interested in your work, so that they're always looking at it. And featuring your stuff doesn't hurt either, though it's quite expencive.
have you ever thought about starting your auctions at 9.99? it still keeps you in the lowest fee bracket. i have had much better luck starting at 9.99.
Ugh. eBay fees - the bane of my existence! I always forget about them, and then BAM - once a month an automatic withdrawal of a couple hundred bucks when I least expect it, lol. Though - as you said - I can't complain! When the fees are high, it means I did well =)
Wow a couple hundred... and I thought this months of $45 was outrageous for me =) But like I said, the more the fees are, the better off I usually am =)