Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.



434 posts

Ultimate Geek
+1 received by user: 12
Inactive user


Topic # 111116 24-Oct-2012 18:18 Send private message

I understand the idea of paying a fee for an auction site with more traffic but this is starting to get ridiculous. Sold something for 170 and got charged nearly $15 in success fees. Did a search and sure enough the fees were raised again at the end of September. This is after paying for gallery option etc. I also said I would post it for free :/.

The success fee is currently 7.9% of anything up to $200 + promotional options e.g gallery 



View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2 | 3
Hawkes Bay
8481 posts

Uber Geek
+1 received by user: 3

Mod Emeritus
Trusted
Subscriber

  Reply # 705843 24-Oct-2012 18:33 Send private message

They're upfront about fees, and have a massive audience.

Maybe try Sella or one of the new ones, but Trademes prices really do reflect the quality of their offering IMO.

You just have to factor the fees into the prices you set and then it becomes largely irrelevant.




Visit http://www.thecloud.net.nz for New Zealand based Hosted Exchange, Virtual Servers, Web Hosting, FTP Backup & more.
(1GB free FTP storage, or larger plans from $5.75)
 
 - Setup your own mailserver at home on Ubuntu Server - full step by step howto here.
 - Have you seen this: Nathan "KFC4LIFE" Dunn.


7318 posts

Uber Geek
+1 received by user: 407


  Reply # 705849 24-Oct-2012 18:40 Send private message

But at least you sold it. They charge a percentage, so the more you make, the more they make too.

1499 posts

Uber Geek
+1 received by user: 240


  Reply # 705851 24-Oct-2012 18:40 Send private message

Yep, bound to happen when it was sold to a greedy multinational. As mentioned just accommodate the fees into your price if you can. Unfortunately they are the host-with-the-most if you want to sell anything, others currently are try-hards, has-beens, or wanna be's. No competition = captive market.







Artificial intelligence is no match, for natural stupidity



7318 posts

Uber Geek
+1 received by user: 407


  Reply # 705854 24-Oct-2012 18:46 Send private message

scuwp: Yep, bound to happen when it was sold to a greedy multinational. As mentioned just accommodate the fees into your price if you can. Unfortunately they are the host-with-the-most if you want to sell anything, others currently are try-hards, has-beens, or wanna be's. No competition = captive market.





Plus you can get quite good prices selling on trademe, as people can pay way more than the item is worth. Just put a reasonable start price on the item. If trademe fees have increased, then the answer is just to put your start price a bit higher to accommodate this.

1226 posts

Uber Geek
+1 received by user: 100

Subscriber

  Reply # 705858 24-Oct-2012 18:50 Send private message

tonyhughes: ....Trademes prices really do reflect the quality of their offering IMO. <br
 

Could I paraphrase this? "Trademe's prices really do reflect their IPO".



3015 posts

Uber Geek
+1 received by user: 196

Trusted
Subscriber

  Reply # 705859 24-Oct-2012 18:53 Send private message

You guys know Trademe is apparently planning a whole supply chain thing for sellers now (or soon)?

As in you can import stuff direct to the Trademe warehouse. They can then pick it out of boxes as you sell it and courier it to your clients.





174 posts

Master Geek
+1 received by user: 7


  Reply # 705864 24-Oct-2012 19:10 Send private message

It's a monopoly. Due to the nature of the industry, competition is almost impossible. It's another good example of a business/industry which doesn't function efficiently in an open market. eBay attracts similar complaints, and a similar dominant position. Trademe will continue to raise fees, and they will get away with it because other sites don't have the critical mass of users required to receive market price for a good.

The only realistic solution is legislation of some sort, but that's problematic for many reasons.

gzt

4595 posts

Uber Geek
+1 received by user: 244

Subscriber

  Reply # 705882 24-Oct-2012 19:43 Send private message

qwerty7: I understand the idea of paying a fee for an auction site with more traffic but this is starting to get ridiculous. Sold something for 170 and got charged nearly $15 in success fees. Did a search and sure enough the fees were raised again at the end of September. This is after paying for gallery option etc. I also said I would post it for free :/.

The success fee is currently 7.9% of anything up to $200 + promotional options e.g gallery


Did you try listing it on Sella first?

Have plan, send $NZD50m
3475 posts

Uber Geek
+1 received by user: 75

Subscriber

  Reply # 705887 24-Oct-2012 19:55 Send private message

gzt:
Did you try listing it on Sella first?


Exactly, all the moaning about TM, but how many sites do you regularly check for something and how many do you list your stuff on?  Most of the other sites are free.






Promote New Zealand - Get yourself a .kiwi.nz domain name!!!

Check out mine - i.am.a.can.do.kiwi.nz - [email protected]


1332 posts

Uber Geek
+1 received by user: 152
Inactive user


  Reply # 705909 24-Oct-2012 20:39 Send private message

http://www.bidbuddy.com/



434 posts

Ultimate Geek
+1 received by user: 12
Inactive user


  Reply # 705920 24-Oct-2012 20:51 Send private message

Zeon: You guys know Trademe is apparently planning a whole supply chain thing for sellers now (or soon)?

As in you can import stuff direct to the Trademe warehouse. They can then pick it out of boxes as you sell it and courier it to your clients.

Interesting...

I read that trademe have a 75% profit margin and made a profit last year of 75.6 mill

A raise in fees causes a certain over inflation of prices. If something is worth $100 I need to sell it for nearly $110 to cover my cost. If something is worth $400 I need to sell it for $427.

I have not used sella but I am getting closer to trying and have spent more and more time 'exploring' it. The thing is in the past before trademe got money hungry you would be stupid not to sell on trademe, it was the only place to go, mass market and for a few dollars you could get it sold, but now not so much. That is why people are exploring other options such as selling through facebook.

It would not surprise me if fees neared 10% in the next few years. 



779 posts

Ultimate Geek
+1 received by user: 72


  Reply # 706094 25-Oct-2012 08:55 Send private message

GBristow: It's a monopoly. ...


Agreed, but the general public in NZ helped make it so.  Sam Morgan saw an opportunity, grabbed it and used it to his advantage.

I neither like nor loathe TradeMe, but I do agree that their fees are becoming too high.  I actually wouldn't mind if they intorduced some sort of charging mechanism for re-listing an item that didn't sell after about the third time to weed out some of the crud that  appears time and time again when you're on the lookout for  certain things.





534 posts

Ultimate Geek
+1 received by user: 5


  Reply # 706112 25-Oct-2012 09:29 Send private message

There's a lot of avoidance of fees that goes on to. Traders often list one item that has a cheap price which you take but then buy as many as you want from the seller later. Some areas such as livestock they have clamped down on by charging a set listing fee.

Have plan, send $NZD50m
3475 posts

Uber Geek
+1 received by user: 75

Subscriber

  Reply # 706113 25-Oct-2012 09:30 Send private message

The sooner TM fees rise to 15% the better.

Price will push consumers. The current problem is that TM fees are so low that consumers are not being pushed.

$75m on $1.5b is hardly an ROI. It needs to be delivering NP of $150m at least.





Promote New Zealand - Get yourself a .kiwi.nz domain name!!!

Check out mine - i.am.a.can.do.kiwi.nz - [email protected]


Awesome
3991 posts

Uber Geek
+1 received by user: 572

Trusted
Subscriber

  Reply # 706127 25-Oct-2012 10:03 Send private message

Zeon: You guys know Trademe is apparently planning a whole supply chain thing for sellers now (or soon)?

As in you can import stuff direct to the Trademe warehouse. They can then pick it out of boxes as you sell it and courier it to your clients.


Source? I can't see them doing this (For numerous reasons)




Twitter: ajobbins

 1 | 2 | 3
View this topic in a long page with up to 500 replies per page Create new topic




Twitter »
Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





Trending now »

Hot discussions in our forums right now:

Snap have failed our company!
Created by dafman, last reply by toejam316 on 21-Oct-2014 16:38 (22 replies)
Pages... 2


Spark Socialiser
Created by freitasm, last reply by code15 on 21-Oct-2014 17:10 (19 replies)
Pages... 2


American legal jurisdiction in New Zealand
Created by ajobbins, last reply by gzt on 21-Oct-2014 14:58 (30 replies)
Pages... 2


Overcharged by Slingshot for months - warning to existing customers
Created by dusty42, last reply by richms on 21-Oct-2014 19:15 (27 replies)
Pages... 2


Another Trade Me competitor: SellShed
Created by freitasm, last reply by gzt on 21-Oct-2014 15:21 (27 replies)
Pages... 2


Why would Suresignal calls be worse quality than non-Suresignal calls from the same location?
Created by Geektastic, last reply by froob on 21-Oct-2014 08:21 (41 replies)
Pages... 2 3


Internet question...
Created by Geektastic, last reply by Geektastic on 17-Oct-2014 22:59 (40 replies)
Pages... 2 3


Just bought a TiVo online. No wireless adaptor. Will a standard one work? Or do I need the TiVo one ?
Created by Limerick, last reply by graemeh on 20-Oct-2014 16:03 (11 replies)


Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.