My Slabs?14952
 Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
| Well, the question mark on the new rules for 1099's is actually MCS, ComicLink and maybe a few others I'm not aware of. These companies ALREADY do not follow the current 1099 rule. They currently do not send out 1099's to people that had over 200 and $20,000 sales on their sites. So will they change that policy when a new, much lower threshold goes into effect? They have already been forced to start doing sales tax collections, so it seems likely the days of no 1099's are not lasting forever. But maybe someone might ask them what their plan is for 2022. |
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| Post 51 • IP flag post | ||
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Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
Quote:Originally Posted by flanders They sold four comics on June 15. And 130 transactions for graded cards - some of which were for more than one card. And 20 "wax" transactions - some of which were entire boxes of cards. Serves as a reminder that the sports card collecting hobby is VASTLY larger than the comic collecting hobby. And it appears I was probably wrong when I speculated they might not be able to make it on just 1%. There is a lot of $$ changing hands on the sports card side of MySlabs. |
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| Post 52 • IP flag post | ||
 Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by IronMan @IronMan I doubt you were wrong. 1% of $100,000 isn't enough to pay a single monthly salary. But I think it's a starting point that could morph into other things. Imagine these scenarios: You pay $20 upfront for a 90 day listing, you can sell a single item for as much or as little as you want. Or this scenario could be fun: you pay $25 for a 30 day listing. That slot belongs to you for 30 days, you can list and sell an unlimited number of books (one at a time) from that slot. |
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| Post 53 • IP flag post | ||
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Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
| @EbayMafia Time will tell I guess. I don't feel like sitting down and adding up the 160 sport card transactions completed on June 15, but just a quick glance it sure looks like around $100K just on June 15. If that is remotely normal - or it it's just the beginning and is going to grow - now we are talking three million plus a month. One percent is $30,000 a month. It could easily be just a couple of people and a web hosting service. No shipping or receiving dept, no accounting or Human Resources or even a janitor. |
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| Post 54 • IP flag post | ||
 I'd like to say I still turned out alright, but that would be a lie.
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flanders private msg quote post Address this user | |
| I got two offers, so at least I know there's some traffic. They were both reasonable offers, slightly more than what I paid, but not enough for me to make anything off of them. | ||
| Post 55 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
| I want to use them to list my higher dollar books and I started the registration process. But I came up with questions and again decided I will likely wait until they have representation on this forum. If anyone who is registered with them wishes to send a suggestion that they join the CBCS forum, I would appreciate it. I would also be interested to know their response. | ||
| Post 56 • IP flag post | ||
 Collector
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MySlabs private msg quote post Address this user | |
| Hey guys! I was chiming in on the sister thread over on the CGC boards and saw eBayMafia's note as perhaps a queue to jump in here and offer to answer any questions/concerns anyone has. I'm the relatively new (3 months) CEO of MySlabs and being a lifelong card/comic/original comic art collector myself, I am really excited about what the team and platform is now bringing to the comic side of the hobby. The comic side is of course brand-new but we have 24,000+ members (adding about 100 daily) and close to 150,000+ active listings onsite (cards and comics of course). Needless to say quite a bit of product has moved through the platform over the past couple of years and the team here is really proud of how we've managed to keep things largely smooth and very professional between members. Aside from the low transaction fees running a tight ship and holding members to a high standard is what MySlabs is most known for. Thanks again for the conversation and of course happy to try and answer any questions here or via DM! Ken Rodgers CEO MySlabs |
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| Post 57 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
| @MySlabs Hi Ken, thank you for joining. It looks like you may be offering exactly the service that I was hoping to find going forward. Many of the members here, including myself have been using mycomicshop.com rather than Ebay for a while now, so when you are evaluating new applicants you may want to address that as a form of verification. For example when I apply my Ebay account may only show 5 or less sales in the last year but my MCS sales have been very active. Hopefully you can confirm a couple of assumptions that I am making: I'm assuming you don't facilitate the sale, you just promote the product and facilitate communication? I'm also assuming that all sales tax and IRS reporting responsibility is left up to the buyer and seller? |
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| Post 58 • IP flag post | ||
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Collector
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MySlabs private msg quote post Address this user | |
| Thanks for the questions! Everyone can certainly screenshot their MCS account track record as part of the application process. The new account review guys understand that many comic collectors are active beyond eBay and are always open to looking at alternative/well respected channels as part of the process. And yes, as MySlabs is simply a vehicle for seller's to promote their own inventory sales/use tax and IRS reporting are the responsibility of the parties involved. | ||
| Post 59 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
@MySlabs I just completed the application, hopefully it gets approved. I listed you as a reference  |
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| Post 60 • IP flag post | ||
 I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
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drchaos private msg quote post Address this user | |
| @MySlabs Welcome to the boards. I think it would be helpful for those of us with books to sell to hear updates regarding the quantity and value of books sold on your site as you hit different milestones. That information would help people here decide if they should start selling more books on your site instead of using other avenues (ebay, trade shows, etc.). Many of us have quite a few books to sell and are looking to improve their results. |
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| Post 61 • IP flag post | ||
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Collector
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MySlabs private msg quote post Address this user | |
| Sure of course! We have a public "Sold Archive" here: https://www.myslabs.com/browse/archive/ Simply select comics (or cards if you collect cards too) in the drop-down and you can track sold books with prices in real time. We also usually post notable sales to our Instagram account myslabs_comics on a daily basis. |
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| Post 62 • IP flag post | ||
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Collector
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MySlabs private msg quote post Address this user | |
An Avengers #1 (CGC 7.0) just sold yesterday for $12k and we posted to Instagram  |
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| Post 63 • IP flag post | ||
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I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
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drchaos private msg quote post Address this user | |
Quote:Originally Posted by MySlabs Very helpful, thanks! |
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| Post 64 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by esaravo I'm kind of torn on this. If it's common stuff then yeah, it needs to get out of the way. But if it's rarer stuff, I don't mind someone listing at a high price and waiting for a buyer. Once I'm approved I plan to do both...price stuff to sell and price other things to where I'm only going to sell them if I get above the last sale. But these would be more rare golden age books that only sell once or twice a year, if that. I think there's the other point, which is that well-priced stuff can sell quickly so at any given time we are only seeing the inventory that hasn't sold...and by definition probably isn't well priced. Probably need to look at both sold and unsold inventory to get an honest view of how things are being priced on the site. |
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| Post 65 • IP flag post | ||
 I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
| I find that most collector sellers, regardless of selling platform (myslabs, shortbox, their own website, etc.) all use eBay as their pricing instructor. Even though eBay has a 15%(?) fee etc. others just follow suit even when myslabs is only 1%. | ||
| Post 66 • IP flag post | ||
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I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
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drchaos private msg quote post Address this user | |
Quote:Originally Posted by EbayMafia The time value of money is no different for comic book sellers than anyone else. The prices would not be where they were unless the sellers had a reasonable expectation that the book will sell for their asking price now or in the near future. You have to understand with the momentum comics have and the new entrants into the market prices are likely to increase over the next several months at a minimum. Some books may also have spec value where the seller believes there is a good chance the character(s) could be in the next TV show or movie. Between Wandavision and Star Wars there are so many easter eggs that what seems overpriced now could be very cheap compared to a couple years from now. It is much easier to drop prices than it is to get the book back later. |
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| Post 67 • IP flag post | ||
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I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
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drchaos private msg quote post Address this user | |
| @GAC If you are the buyer the same book on ebay should have the same value as the same book on My Slabs. Having a seller tighten their belt to pay higher fees on ebay should not matter to you if you believe you are getting a bargain on the book you want to buy. |
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| Post 68 • IP flag post | ||
 I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
| There is a book listed on both MySlabs and eBay. It is priced higher on eBay than it is on MySlabs. | ||
| Post 69 • IP flag post | ||
 Collector
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moodswing private msg quote post Address this user | |
| @GAC Yep, this is what I noticed too. I check out almost every selling platform. I will buy from the place that gives me the best deal. So far, I haven't seen anything on these new platforms. Been buying more from ebay lately. |
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| Post 70 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
| If the price is the same on Myslabs and Ebay...then both the seller and I save about 10% by doing the transaction through Myslabs. Anything I buy on Ebay has almost 10% sales tax...but not on Myslabs. That seems like a fair split to me. | ||
| Post 71 • IP flag post | ||
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
Quote:Originally Posted by drchaos You are right when talking about getting a bargain on a book. I would never ask a seller for a deal on an already good price. I'm talking about books that are already considerably over FMV on ebay(even taking into consideration the costs of selling on eBay) but then they sell for the same price on their own website or myslabs (1% fee). I understand why prices are higher on eBay...if they're higher by 15% give or take...but why are they also priced the same on platforms where there are no (or reduced fees)? Mycomicshop does it where it's cheaper on their site vs. eBay....many don't do this is what I've noticed...they're priced the same. |
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| Post 72 • IP flag post | ||
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
Quote:Originally Posted by DrWatson This makes sense to me...but I've noticed some don't do this...collector_comics and international comics exchange come to mind...I haven't checked them recently but they used to do that. |
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| Post 73 • IP flag post | ||
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I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
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drchaos private msg quote post Address this user | |
Quote:Originally Posted by DrWatson I think I know which site I would buy it from then. |
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| Post 74 • IP flag post | ||
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
| Maybe my logic is incorrect but this is what I'm thinking...tell me if I'm wrong. Same seller: A FMV book is $100. shipping is $10. eBay price = $115 + $10 shipping. myslab price = $101 + $10 shipping. not both priced at $115 + $10 shipping. is this wrong line of thinking? and ofcourse a seller can price a book at whatever he wants. |
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| Post 75 • IP flag post | ||
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I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
Quote:Originally Posted by drchaos If only the wrap were better... sigh. |
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| Post 76 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by GAC @GAC Your logic would assume that the seller switched over to Myslabs just to price more competitively, not to save any money for themselves. Probably there is a middle ground. In my case I pay sales tax on any Ebay purchase, so there is an automatic split of the savings if I buy for the same price on Myslabs. I save the sales tax and seller saves the seller fees. |
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| Post 77 • IP flag post | ||
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I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
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drchaos private msg quote post Address this user | |
| @GAC The ebay item may sell sooner given the higher traffic on ebay. The myslab item may sell sooner given the lower price on myslab. While I understand that the seller comes out even regardless of the platform the buyer should value the book equally unless they feel they get more protection from ebay's buyer protection program and are willing to pay a premium for lower risk. Of course as a seller I offer a discount to buyers here so we can split the savings by not having to pay ebay. |
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| Post 78 • IP flag post | ||
 To answer your question, no, this is not where the comics go to die.
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MutantMania private msg quote post Address this user | |
| I didn't see an option to add a shipping charge so I guess it is included in the price? | ||
| Post 79 • IP flag post | ||
 Collector
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Broker1 private msg quote post Address this user | |
Quote:Originally Posted by MutantMania That is my understanding. |
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| Post 80 • IP flag post | ||
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