Thursday, 8 September 2011
Ebay alternatives Folksy handmade and supplies
Folksy in my opinion is the UK equivalent of the American site Esty. A site where you can sell handmade gifts and craft supplies.
Fees - It costs 20p to list an item, and the listing will last for 180 days (approx 6 months) or until the item is sold.
There is a 5% commission on all sales, if you don't sell an item you are only charged for the listing fee.
Today it was announced - Folksy has passed the VAT threshold currently 20% consequently Folksy sellers will start to see the 20% VAT on their bills starting in November 2011. Folksy suggest that sellers may want to pass this small increase on in the price of their items.
So basically its:-
20p to list an item
How will these increases affect sellers?