I just
started selling some cards on COMC, and I’m
pretty happy with my overall experience.
The system is easy to use and
conducive to my goals.
BUT, I’ve had a lot of “if I knew
then what I know now” moments I’d like to share with both buyers and any prospective
sellers out there. Here are a few things you may or may not have known about using COMC.
1. You have
to pay 25 cents per card up front before they will begin processing your
submission
In my first
submission I sent about 300 cards using the 30-day processing option. Upon receipt of my cards they e-mailed me a bill for $75.00. For some reason I'd gotten it in my head that the
site took the 25 cents they were charging me out of the proceeds of the sale of
the card. Not so. You pay that up front.
I get it,
too. It costs them money to process your
cards. They have to scan and catalog and
put it in a penny sleeve and keep your inventory correct and up-to-date, so
they should be paid up-front. Makes sense. No complaints.
2. 30 days
means 30 days
If you
choose the 30-day option, it will take 30 days to process. That estimate is dead-on accurate, so don’t
expect to be selling cards in 29 days.
This also
means that everyone else has also had that time to submit cards for sale, so
while you may not have seen the card you have on their system and think you’ll
have the only one available, that may not be the case in a month. There'll probably be several available by that
time, and you will suddenly have to price competitively. If the value of your card is time-sensitive
(such as with anything from a brand-new set or a flash-in-the-pan rookie) eBay
may be a better option.
3. They
automatically add 25 cents to the price you set
COMC adds 25 cents to
the price of every card I sell to be paid by the buyer - that’s on top of the
25 cents they already charged me to process the card. If I price a card at 50 cents, the actual
list price for the buyer is 75 cents. I hadn't read that before making my submission, so it caught me off guard and pretty much changed my whole selling strategy.
4. Book
value goes out the window
And it
should, anyway. This is pure market
price, and you’re competing with eBay as well as all those other sellers. This means you can't send a card just because it's listed in Beckett. In fact, I've started using COMC as my price guide. I believe this is the future of the hobby, but that's a whole other post.
5. You pay a
storage fee of a penny per month per item priced over $.75
I never read
that before submitting cards. Now I
know.
6. Damaged
cards could cost you
If they feel
your submission is in poor enough condition to mention it to the buyer, they
charge you an extra 25 cents. For
vintage cards it looks like they have divided cards into classes to keep
vintage sellers from having to constantly pay that fee. Smart.
7. Price competitively, not stupidly
So let’s
talk about competitive pricing. A
lot of the cards I sent were going for much less than I thought they would, and in an effort to be competitive with the other
sellers and get the cards I sent in to move, I found myself pricing them for
less than what it cost me to list. Not good.
I have since
gone back and repriced all my submitted cards at a minimum of $.25 (buyer price $.50). My cards are not the first that pop up, but I’m
not losing money, either.
While I was
reviewing my inventory I found that some sellers are constantly
reevaluating their pricing to stay just a penny or two cheaper than the next
seller so their card pops up first in searches, even if it means they lose
money on the deal. That’s crazy. I refuse to lose money on this (I spend
enough on cards as it is), and I hate this practice; so I’ve started only buying cards that are priced at 50 cents or more. I
realize this may seem foolish to some, but I do it out of principle.
8. Be selective about what you send
When you see
a card on COMC listed for less than $.50, it is more than likely costing that
seller money to sell you that card. The
way I use the site, I have to sell cards for 50 cents just to break even. This has made me a lot more selective in what
I send them now.
Anyone else with COMC tips, please share them below.
Very informative.. thanks for this!
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