All I want to do is talk about COMC

[pfb11]

Originally Posted by Broncoboys7

How would you know?

I found completed items on ebay for less than 60% of your prices

Do you know what I paid for them?

sunk cost; does not matter

The goal isn't just to sell cards, it's to get fair value for them

your prices are higher than "fair value"

[Branesergen]

Originally Posted by Broncoboys7

I told them I wanted to send every insert, auto, relic I had that wasn't listed on eBay. They encouraged me to. Most of what I have was listed for below the lowest other price for more than a year until the eBay/Amazon deal kicked in. Most of it was under $1. How was that overpriced?

Please keep us updated with your progress. I've found it very difficult to sell without extreme discounts, so I'd love to see how yours goes.

Overpriced by not being fair value. If someone can actually click buy it now on ebay for half of what your price is, why would they buy from you? Being lowest on site doesn't mean a good value. Perfect example:

2015 Panini Certified - [Base] #202 - Freshman Fabric - David Johnson /799 - COMC Card Marketplace

Lowest price guy is actually fairly comparable to what it would cost elsewhere. If the lowest priced one wasn't there - The $49 guy has very little chance at that price. If you priced yours at $48 you're not selling it either.

[Broncoboys7]

Originally Posted by pfb11

I found completed items on ebay for less than 60% of your prices


sunk cost; does not matter


your prices are higher than "fair value"

You stated you could buy the six cards I have listed for $40.33 on eBay. Three of them are very rare and haven't sold on eBay. So you're guessing.

[Broncoboys7]

Originally Posted by Branesergen

Overpriced by not being fair value. If someone can actually click buy it now on ebay for half of what your price is, why would they buy from you? Being lowest on site doesn't mean a good value. Perfect example:

2015 Panini Certified - [Base] #202 - Freshman Fabric - David Johnson /799 - COMC Card Marketplace

Lowest price guy is actually fairly comparable to what it would cost elsewhere. If the lowest priced one wasn't there - The $49 guy has very little chance at that price. If you priced yours at $48 you're not selling it either.

A Nikola Jokic Panini Panini Limited Auto Relic was bought on the site for $11 on Oct. 27, 2016. Sold for $24 on 1/17 and is now going for over $60. So on Oct. 26, if there were three listed, one for $11, one for $25 and one for $45, you'd say the $45 one was overpriced? Can't cards catch up? Why isn't the $11 one underpriced?
Your example is David Johnson, one of the best running backs in the NFL. He could break off two 200 yard games next year. The $35.65 could get snapped up at any point - that doesn't render the three listed $49 and $50 as "overpriced," and certainly not when offers are available.

[manderson3422]

Originally Posted by msu29

So I have a submission due tomorrow of the 800, 20 have been processed and like 37 "returned" So do you think they will get the rest done?
I hope not, what's one more day to get the savings

My submission is due tomorrow as well. 700 cards, 153 were processed tonight. 21 total rejects, strange too because my first few subs never had anything decline and the last sub I had 3 declined and now 21. Crazy

[Branesergen]

Originally Posted by Broncoboys7

A Nikola Jokic Panini Panini Limited Auto Relic was bought on the site for $11 on Oct. 27, 2016. Sold for $24 on 1/17 and is now going for over $60. So on Oct. 26, if there were three listed, one for $11, one for $25 and one for $45, you'd say the $45 one was overpriced? Can't cards catch up? Why isn't the $11 one underpriced?
Your example is David Johnson, one of the best running backs in the NFL. He could break off two 200 yard games next year. The $35.65 could get snapped up at any point - that doesn't render the three listed $49 and $50 as "overpriced," and certainly not when offers are available.

When you're running a negative balance for 2 years and paying them to give away your cards - yeah they're over priced.

I'm not saying dump your Jokic, or even your David Johnsons - I'm saying dump your $4 Kwame or whatever his name was, dump you $30 proset cards that have been sitting there for 2 years etc etc. Even with David Johnson - How much are you going to spend trying to make that extra $10? How much are you losing by not getting the other 5 boxes listed? You're trying to nickel & dime a 10k deficit and is only digging you deeper in the hole.

You can justify it however you want. I'm just trying to help but it seems you don't want that help, so good luck to ya man. I'll leave you alone.

[fezziwig]

Originally Posted by Broncoboys7

First sent boxes in October 2014. They said send as many as you want and we'll list them all. I said OK.
They started processing.
I am currently at $7,601.73 in sales with 27,270 items added to the site, 4,269 sold and 23,048 still in inventory. These are the numbers I'm seeing.
Regarding my pricing: For more than a year, 95 percent of my cards were listed at lowest available price minus one penny, and I take almost every offer thrown my way.

In no way am I trying to "use" the system. I never would've sent what I sent and how I sent had I known. Or, at least, I would've sent at least a box or two of $20+ cards to balance it out.

"lowest minus one cent" is typically not a good pricing strategy. If you're competing with JoelS, you'll be trying to sell 1989 Topps commons for $45. I try to price my stuff at 0.75, 0.99, 1.44, X.25 and X.70; so the buyer sees $1.00, 1.24, 1.69, X.50, or X.95.

I've been on the site a few months longer than you. My first submission was 1700 cards; in three years i've sold 50% of the cards and 70% of the value of the submission, for about 1/4th of your total sales. I used my sale proceeds and bought flips; over and over again. Now at $10k in flip sales alone with $15k of current inventory. I don't run promotions; I price aggressively (sometimes i'm 50% or more lower than second place) to compound margin on volume, and I pick my spots on long hold items. You can easily resolve your situation by adjusting your prices to be more competitive, prioritize getting your full inventory online, and then pick spots on flips to recoup losses and storage fees. A small margin of 25% can triple your money after five cycles.

[nhlcanada]

Broncoboyz, I don't know anything about football but your hockey stuff is way overpriced. Common base cards for $1 that others have listed for 30 cents. You should run a sale at 70% off everything then maybe you'll start selling.

[Broncoboys7]

Originally Posted by nhlcanada

Broncoboyz, I don't know anything about football but your hockey stuff is way overpriced. Common base cards for $1 that others have listed for 30 cents. You should run a sale at 70% off everything then maybe you'll start selling.

I have 124 hockey cards listed. Not one base card that's not a UD Young Gun.

[OLDPAPER]

Originally Posted by Broncoboys7

Three of the six of these haven't sold a copy in three months or longer. How would you know? Do you know what I paid for them? The goal isn't just to sell cards, it's to get fair value for them.

If I was in your situation...fair value be damned....obviously your pricing model is flawed and your pride is clouding your judgement...someone with a port your size should have much better sales.

[jmscoggin]

Originally Posted by Broncoboys7

I have 124 hockey cards listed. Not one base card that's not a UD Young Gun.

You have had member after member tell you that you are overpriced and even give you multiple examples. Even so, you continue to argue, deflect and deny.

In the same time frame you've been on COMC, I've sold three times as many cards and for just shy of $30k. The reason your items aren't moving is because your prices are unrealistic. Go ahead, give the "I don't have time to cross check Ebay pricing on thousands of cards" excuse. We all face the same dilemma yet most of us seem to figure it out.

Or, you can continue to bitch and moan about the policy changing while you stay in the negatives, I suppose that is an option too.

Oh yeah, I also managed to do all of my selling with never going more than $100 in the red even though I've never put more than $500 into my COMC account. I'm responsible so I paced all of my initial submissions with my sales always having accumulated enough to cover the next batch. It took me a long time to pull any money out, as submitting 50k+ cards on $500 takes awhile but now it's all gravy. I've got $7k sitting in my account vs your negative.

[kylocke]

I made the mistake of thinking the negative balance was part of the process, and got excited when I discovered COMC and sent a bunch of stuff I never should have (lots of base cards). I'm smarter about what I send now, but, I worked myself into negative balance with my mistakes. I got discouraged with my mistake, that I wasn't keeping up with keeping my prices competitive, but, that's on me. I love COMC, and want to make selling my cards on there work, I just don't want to spend the $600 to get my account back to positive yet, but, by the end of the year I am trying to get myself back to positive by focusing on what I have in my inventory, and sending $100 a month until then. At least, that is the plan for now. IF someone pokes around, and sees some huge mistakes with what I have up there though, I don't mind the feedback.

[donaldz]

Originally Posted by thebrett

Here is a question about the positive balance rule

I have an estimated 2,500 cards due 2/28. Zero have been processed. Do I need to keep $625 on hand at all times for them to process any? What if I have more than 2,500? How would I know? I send flat rates with 5 x 550ct of various thickness.

Who was this communicated to? Is it only for major offenders? $625 would represent about 5 days of average sales for me, can I go spend every penny on their sweet new grading services?

The information flow is... well it's not great

I can't remember if I posted this, but this was my problem. It just said, make sure you have the money in your account and obviously, given that I get bored, I'd just spend the money. So whenever they'd process cards, I'd have to add money.

Personally, I think they're just telling people to have money in their account so that they spend it and have to add more money

Also, 2 bucks for an autograph and 14 bucks for 8 weeks turn around is awesome. Certainly there is nowhere else that does that.

[RandysHobby]

Originally Posted by donaldz

I can't remember if I posted this, but this was my problem. It just said, make sure you have the money in your account and obviously, given that I get bored, I'd just spend the money. So whenever they'd process cards, I'd have to add money.

Personally, I think they're just telling people to have money in their account so that they spend it and have to add more money

Also, 2 bucks for an autograph and 14 bucks for 8 weeks turn around is awesome. Certainly there is nowhere else that does that.

Are you being sarcastic? I join group subs for the same time period for about 11 a card including auto.

[dustin42]

Originally Posted by RandysHobby

[/B]


Are you being sarcastic? I join group subs for the same time period for about 11 a card including auto.

Yes I can get a better deal if I grade them myself, but you are paying the extra for them to do all the work. Why would they provide the service for free or a loss?

[RandysHobby]

Originally Posted by dustin42

Yes I can get a better deal if I grade them myself, but you are paying the extra for them to do all the work. Why would they provide the service for free or a loss?

I'm not saying they are too expensive, but I have a guy I ship to and he handles everything. It's quite a bit cheaper.

Once again I am not saying they charge too much, just wondering if the posting member ever joins group subs.

[dustin42]

Originally Posted by RandysHobby

I'm not saying they are too expensive, but I have a guy I ship to and he handles everything. It's quite a bit cheaper.

Once again I am not saying they charge too much, just wondering if the posting member ever joins group subs.

Gotcha. I wish they would get PSA service also.

[RandysHobby]

Originally Posted by dustin42

Gotcha. I wish they would get PSA service also.

Couldn't agree more. I bet they have a contract with BGS that doesn't allow them to also provide PSA.


Sent from my iPhone using Tapatalk

[donaldz]

Originally Posted by dustin42

Yes I can get a better deal if I grade them myself, but you are paying the extra for them to do all the work. Why would they provide the service for free or a loss?

Well, my issue is this:

They add a feature which increases business by itself, so I don't understand why they have to add another five bucks on there.

If you assume their group sub rate is 8 or 9 per, with a buck auto, and then you toss on their pull fee of 25 cents, and again their re-sub fee of 1.00 for a graded card, you get about 10 bucks, maybe 11 bucks.

My problem is that they're clearing throwing the base shipping of 3.99 per package in there as well, and they're obviously not shipping each one individually.

The point is that the costs of their work is already built into the pull and re-sub fee. They don't need to randomly toss on another couple bucks because they've run the math and charge the absolute highest they can.

[dustin42]

Originally Posted by donaldz

Well, my issue is this:

They add a feature which increases business by itself, so I don't understand why they have to add another five bucks on there.

If you assume their group sub rate is 8 or 9 per, with a buck auto, and then you toss on their pull fee of 25 cents, and again their re-sub fee of 1.00 for a graded card, you get about 10 bucks, maybe 11 bucks.

My problem is that they're clearing throwing the base shipping of 3.99 per package in there as well, and they're obviously not shipping each one individually.

The point is that the costs of their work is already built into the pull and re-sub fee. They don't need to randomly toss on another couple bucks because they've run the math and charge the absolute highest they can.

Then don't use the service. I just don't get the purpose of complaining because you think they are making too much running a business.

[donaldz]

Originally Posted by dustin42

Then don't use the service. I just don't get the purpose of complaining because you think they are making too much running a business.

The whole concept of consignment runs on trust, and given the prohibitive costs associated with returning cards, you essentially have to trust them to not be predatory with their fees.

Right now, there's nothing to stop them from raising the cashout fee to 25% or 30% because they feel like it.

They can run their business however they see fit, but the fact that a number of buyers submitted their cards under one agreement and have seen that agreement change numerous times, is kinda crappy.

Given the fee increases, shipping increases, graded card increases, duties, no negative balances; i think it's pretty clear to see that they're preparing for a sale of COMC and everyone's getting their books in order.

[sfgiants4life]

Originally Posted by donaldz

The whole concept of consignment runs on trust, and given the prohibitive costs associated with returning cards, you essentially have to trust them to not be predatory with their fees.

Right now, there's nothing to stop them from raising the cashout fee to 25% or 30% because they feel like it.

They can run their business however they see fit, but the fact that a number of buyers submitted their cards under one agreement and have seen that agreement change numerous times, is kinda crappy.

Given the fee increases, shipping increases, graded card increases, duties, no negative balances; i think it's pretty clear to see that they're preparing for a sale of COMC and everyone's getting their books in order.

Sadly I think you are right. I had high hopes when whoever mentioned all the great changes...lower cash out fees so we can send in higher end cards and whatever.

I think the only thing we can expect from COMC is higher fees and slower processing times.

At least with this change I will try out one of the group subs. I can get the min. card requirements and the higher fee/insane wait times just eliminated any incentives to use credit to cover grading costs.

[nhlcanada]

Originally Posted by donaldz

The whole concept of consignment runs on trust, and given the prohibitive costs associated with returning cards, you essentially have to trust them to not be predatory with their fees.

Right now, there's nothing to stop them from raising the cashout fee to 25% or 30% because they feel like it.

They can run their business however they see fit, but the fact that a number of buyers submitted their cards under one agreement and have seen that agreement change numerous times, is kinda crappy.

Given the fee increases, shipping increases, graded card increases, duties, no negative balances; i think it's pretty clear to see that they're preparing for a sale of COMC and everyone's getting their books in order.

The added duty is a joke, especially if I'm having my own cards shipped back to me after grading through the site. If the cards are produced in North America aren't they duty free under NAFTA? Never had to pay duty on cards when buying from ebay. Not even on high end items $300+.

[donaldz]

Originally Posted by nhlcanada

The added duty is a joke, especially if I'm having my own cards shipped back to me after grading through the site. If the cards are produced in North America aren't they duty free under NAFTA? Never had to pay duty on cards when buying from ebay. Not even on high end items $300+.

What caught me the other day was the "Delivery Duties Paid" which is a blanket term that includes everything. So it probably isn't just duty. It's probably shipping, insurance, etc.

When I called them the other day, the let me know that anything that has a price on it is subject to duty. I asked if my items that were still stored in Canada as remote items were still subject to duty and they said 'no,' but when you try and get them back, the duty fee comes up.

Furthermore, they have the gall to include DDP on shipping costs. Your duty goes up if you select the 10 dollar shipping services vs. the 5 dollar one.

[Branesergen]

Isn't there an option to check that it's returned stuff you already own? That should eliminate the duty fee there. I sent 3 large boxes full of stuff, marked it as stuff they owned and no duty fee.