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December 3, 2007

Bargainland leaves eBay – Junk seller or Matchmaker?

Filed under: eBay — estreet @ 10:56 am
Tags: , , ,

Bargainland is a big liquidation seller on eBay that had questionable feedback from buyers. They sell damaged and overstock products on eBay. Their no returns policy, “Caveat Emptor” (Buyer Beware), was fair warning to buyers.
Bargainland eBay feedback

But if you look at the glass half full, over 90% of the buyers liked their new junk from Bargainland. That’s quite an achievement.

As Advertised AAAAAA +++++++ RECOMMEND AAAAA++++++Great Ebay SpiritAAA++++++++++

Quite a bit of the negative feedback is from buyers heart-sick and despondent over not receiving their hard-won junk.

Won OCT 2, 2007 today is Nov. 22, still no item!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I bought and paid for this item and bargainland never sent it. I have nothing.
DID NOT GET MERCHANDISE I PAID FOR

How big were they on eBay?

I ran the eBay sales stats on Bargainland for Aug 27 -Sept 26, 2007.

Bargainland sales stats
Their sales were $302K per month, ~10K items sold at an average price of $30. My calculations show they paid eBay fees in the neighborhood of $20,300 per month. Their fees are less than 10% of their sales which is an extremely low percentage. My fees formula is: (($.20 insertion fee + .35 gallery fee) + ($1.48 final value fee)) x 10,000 items

They are a big seller but not even close to being the biggest seller on eBay. Losing $20K in monthly fees wouldn’t make eBay blink.

What junk was sold?

Their category breakdown shows they sell a huge variety of items, many of them clothing items. This is a red flag because clothing is difficult to prepare, photograph, describe and package. The operating expense for clothing sales is high.
bargainland categories

They sold some high priced items too.

Honda EU3000 Generator NR $1,401.00
Spruce & Maple Antique Cello with Certificate NR $1,081.99
Sony Viao PCG6J21 13.5 IN LCD Laptop Notebook NR $810.00
Sonicwall Pro 4060 UTM Firewall VPN NR $760.00
JVC HD70G886 70 IN Micro Display HDTV NR $750.00
Huge Lot 8 Pallets of Designer Furniture NR $719.33
Sony Bravia KDL40S2010 40 IN LCD HDTV NR $577.89

Ina Steiner reports that they are leaving eBay for their own auction site http://www.bargainland.net/.
bidtopia

They successfully match unwanted junk with wanters of junk. What would happen to this stuff if Bargainland did not distribute them to the basements and garages of American bargain seekers? Landfills? Warehouses? Crematoriums?

Best of luck to Bargainland and keep on truckin!

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5 Comments »

  1. Bargainlands historical sales ran between 1 – 2 million dollars a month, with fees in the hundreds of thousands of dollars. You are looking at the last few months of transactions where they were winding down their operations. When they decided to leave eBay they were listing over 10,000 new items per day.

    Comment by Jerry — December 3, 2007 @ 4:04 pm | Reply

  2. Good Luck to the Butchers!

    Comment by dm — December 5, 2007 @ 12:22 pm | Reply

  3. Jerry,

    Excellent input! Bargainland has 330,000 feedbacks in the past 12 months which clearly supports your point.

    As I barely recall from years back, I thought Bargainland sold mostly non-clothing items. I wonder if they changed their product mix this year?

    Comment by estreet — December 8, 2007 @ 9:38 am | Reply

  4. Of all the hundreds of items I purchased from Bargainland, there were a couple of things that did not live up to my expectations, but most did, and the things I purchase are definetely NOT JUNK, BUT HIGH END MURCHANDICE, you can buy junk from them if that is YOUR thing, mine is the nicer items in which I save hundreds of $$.

    Comment by Lori — April 13, 2008 @ 1:06 pm | Reply

  5. If you can actually get them to ship the order that you paid for you’re doing good. It’s been two weeks and I am still waiting on a combined order of more then $500.00 worth of things. I’m just happy I paid with paypal, I have some recourse if I don’t receive the items.
    I can’t say if it is junk but if it turns out to be you better bet I’ll post again.

    Comment by Wendy — June 3, 2008 @ 8:30 am | Reply


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