08-02-2017 03:52 PM - last edited on 08-03-2017 01:40 PM by dm_karen
Hi eBay'rs,
Put my toe back into the world of eBay selling. I created a handmade product that is basically a knife bar for holding men's grooming tools in their bathroom or closet.
My biggest costs are time and a few dollars for the magnets and grooming tools. I looked up pricing strategies and several folks recommended the 1¢ and free US shipping as a good way of determining your product's true market value.
Do any of you do this? If my item sells for 1¢ should my take away be that there really isn't much of a market for simple male grooming tools? On Etsy I list it for $30 and it doesn't sell either. I suck at online marketing, but I'm not convinced paying for Google or Facebook ads would be any more profitable if there is no real demand. Thought about doing a local Arts & Crafts fair, but the fee is $300 and I'd have to create a lot of inventory just to find out that it might do just as poorly.
A friend recommended that I do a YouTube star product placement for a large fee, but that seems too fake to me. I'd rather get real user feedback and organic growth.
I love making stuff, but my current take away is that there isn't much of a market for hand made male grooming items other than as gifts to friends!
Thoughts?
Thanks for reading - Stephen
08-03-2017 03:51 AM
OP - you've had some great suggestions and I agree - get new pics - jazz it up abit and show it's versatility. Also put in measurements so people know how much room it takes up.
Items like these will sell best - fixed price - and your biggest selling months will be Sept - Dec - when people are trying to find unique and different gifts for people they don't know what to buy for. I could see something like this in my back hall for holding spare sets of keys - the dog leashes ect..
As someone else said - stain a few and take them in a setting using the items you'd find there.
08-03-2017 05:37 AM
08-03-2017 05:49 AM
i'm just wondering the cost of all the items and wood , magnets...
seems you have to at least double the costs to call it a reasonable sale price... with free shipping that would give you manybe a little... not to mention ebay /paypal fees...
so what is the cost to actually make ONE, complete and mail it?... then you will know what "profit' you can/need/want to make.
08-03-2017 10:05 AM
It costs between $5000 and $10,000 to patent something, and even then you have no assurance you'll get a patent. The process takes years, and once you get a patent, you're obligated to police eBay and the rest of the internet for people who are infringing, or you could lose it.
Patents are really only viable for large corporations for whom the cost of a getting and maintaining a patent is pocket change.
For "the rest of us," the best approach is to use "guerilla IP tactics"; just build it and sell it. Change the name when you get a C&D. Dissolve your LLC and form a new one if you get sued. There's no way you can get ahead selling razor magnets for a few dollars each when you need to dump tens of thousands into costs that have nothing to do with making them. And then of course there's eBay's fees.
08-03-2017 11:33 AM
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08-03-2017 11:45 AM
Somebody was afraid of losing this item, they went back and bid 3 times on it...
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