Amazon selling versus eBay selling
Where's there more money to be made?
Who should be selling in that platform?
What products should you sell?
How are the fees broken down on each platform?
And how is the customer service for the sellers on each platform?
Those are the questions I'll be answering
in comparing eBay versus Amazon selling right now
So hi, my name is Beau Crabill
Leading expert for selling products on Amazon
And I wanna start off this video and explain about
first off, number one
the amount of money to be made on each of the platforms
And really, the question I'm answering for you
why this is important for you, is which one has the most potential?
Which one's the least saturated? Which one's more saturated?
So starting off, eBay in 2018 did over 10 billion dollars of revenue
Amazon, 232 billion
So answering that question
Okay, Amazon's way bigger, they're 23x bigger
However, there's sometimes
also think on competition, the amount of sellers
So there's 168 million active customers/buyers on eBay
and 100 million active customers on Amazon
So there's actually more on eBay, interesting
However, there's 6.7 million eBay sellers
And then there's 1.1 million active Amazon sellers in the US market
How, on Amazon, the numbers are active sellers
is sellers who have at least one listing on Amazon
Which is quite interesting when it breaks down on
why you should be looking at these numbers
'cause you could just Google these numbers yourself
But there's some kinda truth to be told behind the numbers
and how that's all gonna explain to the value you're getting here
So on eBay, there's 6.7 million active sellers
but that's throughout 190 markets
There's actually not a number specifying where they're at
just in the US market
So let's say, just for being safe
there's possibly 4 million active eBay sellers
So there's close to 4x more active eBay sellers
than the active Amazon sellers
However, on the Amazon market
it shows that if a seller has at least one product for sale
they're considered an active seller
Which, I already know because I'm an Amazon seller
and I'm an eBay seller
If someone has a listing on eBay
they're probably actually making money
Because with Amazon, it's super easy to go make a listing
You literally can just go plug in an ASIN
which stands for Amazon Standard Inventory Number
and you're listed right away
Which definitely, like there's no
really effort put into it to make a listing
With eBay, if someone's active and actually selling
there is a time limit on that listing
Now someone can go put Good 'Til Cancelled
which means they're gonna get
you know, hit with a fee every single month on eBay
So if someone is just, you know, playing around on eBay
they're probably gonna put they're
listing on auction or on just good for 30 days
So if their business does not turn out well
they're not gonna be an active seller
But now there's, you know
I would say probably about 4 million active eBay sellers
So that means sellers that are actually selling every single day
which is insane
On Amazon, there's 1.1 million active
However, the reason why I believe that number's so much smaller
is because if you make a listing on Amazon
it's gonna be there forever until you cancel
So I think there's actually way less than that
I would
I mean, going off the numbers
Just 'cause I know how competition works on Amazon
I would say maybe 10% of those sellers are actually making money
So my theory is there's probably only 100,000 sellers
that are actually making money on Amazon
And probably close to 4 million that are creating
some type of sales on eBay
I could be totally wrong, that's my speculation
So, but either way, even if I'm half wrong or 70% right
eBay's definitely way more saturated
Now, so that's the first thing
Amazon definitely wins in that category
that there's so much more room for Amazon
Now, there's certain markets on eBay
we can definitely make more money on
But where there's more money to be made is 100% Amazon
There's way more potential to grow
And also do keep in mind, Amazon did do 232 billion
However, only 58% are from third-party sellers
So around, you can say 150 billion is from third-party sellers
So 15x more than eBay
eBay is only third-party sellers
The second thing is treatment towards sellers
and the customer service
So on eBay, if you have an issue, you can call up a US representative
or the country that you're in
You can have eBay call you or you can call eBay
Amazon used to have a really cool chat feature
where you can actually chat with them
They've taken that away
And they've actually taken away from some sellers
that you can actually not even call them up
Now I can call up Amazon, most people can call up Amazon
But Amazon, for their sellers
tend to really go back and forth
to be able to provide good service and not good service
So I would say here with eBay
eBay 100% wins in the customer service aspect
The issue with Amazon, their customer service for sellers
Now, the customer service for, you know, buyers is extremely well
But I would say they have good service for sellers
They come out with better programs
They come out with better service for sellers
They literally actually allow you to ship out for them
and use their customer service for your customers
So it's really interesting
I would say on the aspect
if you're just starting out on eBay
eBay has better customer service for you as a seller
The treatment towards a seller
They treat their sellers better if they're just starting out
If you're on Amazon, you're looking to scale
and you just need more services to grow
getting into new programs like Amazon Renewed
or getting better fees, et cetera
Amazon definitely wins in that category
So for this, it's definitely a more complicated question
If you're a beginner
it's probably easier to work with eBay if you have issues
If you are advanced, wanted to grow
definitely Amazon
But if you're kinda, don't know what the heck you're doing
You need help, like on what to do with things, make listings
Amazon's not gonna help you out with that
So there's that
Third thing is the fees
So I'll put a screenshot up here
I'm also gonna look at it on my computer right now
But eBay definitely wins in this category with the fees
So Amazon typically takes anywhere from 8-15% on their fees
That's the commissions they take
If you ship out yourself, that's all they're taking
If you want Amazon to ship out
they're also going to be taking shipping fees
which, sometimes is actually way cheaper
For example, I sell a lot of Xbox consoles on Amazon
And if I wanna go ship out an Xbox console on Amazon
it's gonna cost me around $8, which is extremely, extremely cheap
Compared if I wanna go ship it out on eBay
where it'll cost me, on the low end, $30
So if you're selling heavier products
wanting to deliver to your customer faster
Amazon will be cheaper
If you're shipping out cheap, lightweight products
eBay's the better route to go
But first off, let me go over the eBay fees right now
So Amazon's typically 8-15%
It's usually 15%, but some categories like
electronics and cellphones is 8%
Some electronics is actually 15%
But eBay, if you're selling shoes over $100
Athletic shoes, 0%
Under $100, 10%
Musical instruments, guitars and basses, 3.5%
And then also on business and industrial, like categories, 2%
Books, DVDs, and movies
and music except records is 12%
So that's the highest on eBay you get charged, 12%
And then there's a 10% on pretty much most other categories
Now do keep in mind, is that eBay is partnered up with PayPal
and they're switching to Adyen
which is another merchant account service
So eBay's not a merchant account
So when Amazon is taking that 8-15%
that includes the processing of the payment
eBay does not include the processing of the payment
So you're gonna add on probably another
about 3% or so from PayPal fees
Which, PayPal is gonna take an extra 2.9%
So that's that for the fees
To recap that, lightweight products, eBay would be better
Heavier, more expensive products
definitely Amazon would be the go for that
So now, I wanna go over what products to sell
Now this is interesting
that's why I wanna talk about the first thing on the money to be made
Definitely if you're trying to get into certain niches and categories
you're gonna be better off on eBay
The reason why, you know
eBay, going back to the fees that they have
You know, shoes at over $100, 0%
Is because you realize that's a big part of their business
Clothing, used products, refurbished, secondary markets
Things that are not completely new are gonna do better on eBay
A good example for this
I was walking around at the ASD trade show
which is a huge trade show for the online retail space
and the retail industry
And I was walking down this booth
and I was actually with a friend of mine
and said hey, let's stop
You know, there's not a lot of suppliers here for Amazon
But that is 100% a supplier for eBay
And the reason why is because I'm not gonna say
the exact type of products
but it was kinda the category I wanna call it is like vintage goods
Meaning that was like throwback materials
So there's certain products on eBay that are gonna do a lot better
I know things that are used clothing
definitely refurbished products, things that are definitely vintage
You know, sometimes even homemade
And anything on those lines where people kinda
I kinda think of eBay as more of a garage sale, right?
And Amazon's more of a shopping mall
So for Amazon, the products that you wanna be selling
are gonna be more like things that are new
That if you walk into a Best Buy, you got the same thing
So think of Amazon as a mall
That people are replacing their shopping with Amazon
So the products that you want to be selling
is practically anything that you would buy in a mall
Or that you go to a Walmart and see
If I look at the products that I have in my Amazon account
I go walk in a Gamestop, I have the same exact video games
Go walk into Best Buy, I got the same exact things
If I walk into a Verizon, I have the same exact Apple cords
If I walk into a Walmart, I have the same exact bags of chips
eBay, I sell things on eBay that
you're probably never gonna see in a mall
So it's more unique products, used products
Because also on Amazon, if you try to go sell used products
you're, like meaning somethings's already pre-owned
Like people have already used it, it's not gonna go well
For example, if I wanted to go sell this
used jacket right here that I have
'cause maybe I don't need it anymore
Maybe I live in a place where it never gets cold and 67 degrees
If I try to go sell it on Amazon, probably not gonna get any sales
On eBay, you probably will
Now the last thing I wanna answer is
who should be selling on eBay?
Who should be selling on Amazon?
If I were to tell 100 people right now
on the secrets to selling on Amazon
and the secrets to selling on eBay
Which, I just came out with my book
The Secrets to Selling on Amazon
Feel free to check it down below
You can go on Amazon and go buy it
or you could go to my website and get it for cheaper
Is, if I can tell 100 people on both ends
I think the success rate of people who
Like, people who take action
and follow through to make money on eBay
I think more people will make money on eBay
But more profit will be made on Amazon's side
So, I mean, I'm just throwing up numbers
Let's say maybe 50% succeed with Amazon
and let's say 80% succeeded with eBay
So more people succeeded on eBay
but people eBay, there's definitely a cap
And there's definitely a limit
And there'll be smaller amounts made, which is fine
Amazon, you know, there may be less people having success
but one person may just go through
'cause you can scale so much faster with Amazon
So if you're a person that, you've never been in e-commerce
you've never made a dollar online
And if you're scared about losing money
Amazon may be harder for you to start
Now if you know how Amazon works
Meaning you've, you know, you watched a bunch of my videos
you've seen some other successful students
Maybe you read my entire book
Maybe you checked out some of my trainings
and you know how to go sell on Amazon
and you're confident with it?
Great, go ahead and do it
If you're not confident, if you're skeptical
What I would suggest for you if you're skeptical
if you don't know how things work, is do this on eBay
Set up an eBay account
It doesn't cost any money to get started on eBay
Amazon costs $40 a month
You do sometimes get hit with fees on eBay for listing things
But if it doesn't sell, they refund it to you
Amazon, you have to pay $40 a month
or you pay a dollar a unit to list
Or to sell
What I would suggest doing is
anything that you have in your closet
anything you have in your garage, old DVDs, old cassette players
Old clothing, shoes, accessories, random junk, anything you can imagine
List those on eBay
Now if you don't have any leftover junk
knock on your neighbor's doors and say
Hi, my name is Beau Crabill
and I am looking to go sell your leftover junk
and I'm gonna turn it into cash
You know how many people say yes to that if you just
I mean, this is literally what I used to do
And I tell people to do this
and people make decent money with this
is I used to actually make these little like
If you've ever gone to a hotel with a do not disturb sign
I used to make things that are similar like that, door hangers
And I would say hey
my name's Beau Crabill, tell 'em a story about me
If you're looking to turn your leftover junk, I literally said that
Do you want to turn your leftover junk into cash dollars today?
Text this number right here, email me and I will come to your house
And this is what I would do
I would take pictures of people's products
I would list them on eBay
I'd say, I'm gone
When this sells, I'm gonna come back
I'm gonna drive to your house
I'm gonna pick these up and I'm selling 'em
and I give you cash for 'em
So what I would, like split the profits 50/50
Sometimes I would be higher, would be like 75/25
Depends what is you could work out with those types of people
Some of these people, there's like, they're gonna donate it anyway
Some people want to, people would just give it away
or just literally throw away
I mean, it crazes me that like people literally have leftover toys
they have leftover DVDs that they literally just throw away
Or they do garage sales and sell 'em for like a dollar
So that's really a good way to get into it
So, but now, if you're a person that's just wanting to scale
grow, get going when you're confident
You got more money to get into it, Amazon's a good way to go with it
That's what I wanna tell you in this video
If you like this video, make sure to comment down below
If you have any questions at all about selling on eBay or Amazon
let me know
I actually put a little PDF that you can download down below
about the differences that I outlined here in this video
about the differences between eBay and selling on Amazon
You can click that link down below here to download it
and I'll send it to you direct to your inbox
Have a great day and make sure to like and subscribe