Icy Aqua Seafoam Coiled Earrings

Bad Blogger Chronicles: Tophatter Tips For Etsy Sellers

I admit it: I am semi-addicted to Tophatter. For those who don’t know what this is – Tophatter is an online auction site in real time. You bid against other potential buyers while interacting with everyone in auction room. Tophatter is found here: tophatter.com

It is growing so quickly, that sellers, for the most part, cannot even list their items in the regular auctions. So, for those “newbies” from etsy – or anyone – here is some info to help you decide if Tophatter is worth it for you.

ON ETSY:

– list an item for $.20

– pay 3.5% of price on each sale

– pay Paypal fee (if you use it)  2.9% transaction fee on the total sale amount plus a $0.30 fee per transaction

ON TOPHATTER:

– pay 10% of sales price, minimum of $1.00 per sale.

– pay Paypal fee (if you use it)  2.9% transaction fee on the total sale amount plus a $0.30 fee per transaction

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ON ETSY:

I typically sell a few items a month.

ON TOPHATTER:

I can sell a few items A DAY.

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ON ETSY:

I get the price I ask for (and sometimes discount a bit with coupons/sales)

ON TOPHATTER:

It’s a crap shoot. Some items sell for almost full price. Others go for a song – maybe a few dollars.

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Tips for Etsy sellers on Tophatter: 

Icy Aqua Seafoam Coiled Earrings

Icy Aqua Seafoam Coiled Earrings

• When you sign up for a user name, include your etsy url in your name.

That way – people can go directly to your shop to learn more about you and your items.

• There are so many sellers, you can’t get into the auctions beforehand. You have to play the

Standby game. Here’s how it works. Exactly one hour prior to the auction start, enter the auction room.

On the right of your screen, you’ll see UPCOMING  and next to it STANDBY  (note: these WILL NOT be visible until one hour prior to auction start). At the bottom of the page, you’ll see ADD TO STANDBY ITEMS. Click on this. It will then take you through the steps of adding one of your items to standby.

Here’s the deal: your item will not be advanced into the regular auction unless someone clicks on it and agrees to pay the minimum payment.

Which brings us to the next tip:

Keep your minimum payment as low as possible. I know it’s hard to list a $30 item for $1.00. And yes, you could get burned and have to sell it for $1.00. But if you set your minimum too high, no one will advance it. And that means no chance of a sale.

• In crowded categories, like Jewelry, Standby closes quickly. So you MUST try to list your item as close to the one-hour-before-opening as possible.

Before you even think of listing an item, sit in on a few auctions. Before I list an item in standby, I check to see what kind of jewelry isn’t listed that much (i.e. earrings, pendants, bracelets, etc)

• There are some very specific auction categories you may want to list in, depending upon your items.

• There are a few general auction categories that anyone can list in (Daily Bazaar, Early Bird Bazaar, Night Owl Bazaar, Boutique (must have 10 items sold, and have a $20 minimum for this one).

• Tophatter is on PST. So their “earlybird auction” is at 9am EST.

• Chat in the auction room. People are very nice, and it helps to be there when your item is up to answer any questions.

• Some sellers will throw in freebies/extras as the bidding progresses to encourage more bidding.

• You need an invite to participate at Tophatter. I have 97 left – let me know if you need one.

Bottom line? I am selling a lot of items that have been sitting in my workshop for a while. Making some money – though not alway a lot. I have noticed that supplies (destash) of any kind sells really, really well. Put some of my focal beads up and the sold very well.

Not all of your items will do well on Tophatter. For the most part, people are looking for a bargain. Try to put up something that’s different from what is being offered. You have to experiment to see what does/doesn’t sell. But one thing’s for sure – it’s a blast….and a real rush when the bidding gets hot and heavy on one of your items. Instant gratification!

Any questions – let me know.

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