I'm trying to assess the current online stamp selling market and thought others might be interested in my results.First, a little background
: I've been selling stamps on eBay
since 1997 so I've witnessed the evolution of the online marketplace. Back in 2012 when Bidstart was gaining traction as an eBay
alternative for stamp sellers I set up an account there and had mediocre success. Over the 3 years I ran a Bidstart store in parallel with eBay
it generated about 40% of the sales that eBay
did. Towards the end in 2015 though, traffic had become almost non-existent on Bidstart so I walked away. In 2017-8 I revisited the re-branded Bidstart site (now Hipstamp) and tried them again. During that period, Hipstamp sales were only about 17% of my sales on eBay
and towards the end I had a couple months with zero sales on Hipstamp, so again I walked away.Now to the current trial:
Due to a quarantine, I had a little bit more time on my hands so I thought I'd give Hipstamp a try again. I got an introductory offer that waived store subscription fees while I got set up. So, for April-June I've had a store on both eBay
For the 3 full months (Apr-Jun) of selling on eBay
I had 368 items sell for a gross sales of ~$4,250.
During that same period on Hipstamp I had 795 items sell for a gross sales of ~$4,675
My fees on Hipstamp were ~12.6% (13.6% if I add back in the waived store subscription fees)
My fees on eBay
The 3-month timeframe was taken from the middle of an ongoing business on eBay
while it represents a start up phase on Hipstamp. This means some of the April eBay
sales and fees were for items listed in March) while early April sales/fees on Hipstamp represent starting from zero.
store was a 'Premium' Store which meant more fees but may also have improved the positioning of my items in searches.
Almost 20% of my eBay
sales were from non-stamp categories. Which is good as it allows for non-stamp items to sell but final value fees are higher in those categories than in stamp categories.Bottom Line:
For the items I sell, during the Apr-June, 2020 time frame I sold many more items with slightly more gross sales amount on Hipstamp than on eBay
The stamp collector traffic on Hipstamp now seems to rival that on eBay
Selling fees on Hipstamp are slightly higher than eBay
but increased sales may be worth the increased fees.
I think that's it. Let me know if you have any questions, I'm happy to clarify anything I can.
PNJSTAMPS - On Hipstamp and eBay