How Do Showcase Commissions Work?
Starting with Showcase #4 the registration fee is being reduced from $150 to $75 while still letting you list up to 60 items. On top of that, Harvest level Premium Services subscribers will have their registration fees waived. There will be no additional charges if you do not make a sale – There is only a small commission charged on the basis of what you have sold.
Trade discounts and other price adjustments are not included in showcase commission calculations. Only the showcase list price will be used. Any additional adjustments should be shown on the invoice or receipt issued by the exhibitor, not from viaLibri.
How Are Showcase Commissions Calculated?
Commission rates are calculated per item using 5 separate brackets ranging from 4% to 10% depending on the listed price of each item. These brackets are shown below:
- $0 – $100 – $10 (This is a flat rate rather than a percentage.)
- $100 – $500 – 8%
- $500 – $2,000 – 6%
- $2,000 – $20,000 – 5%
- Over $20,000 – 4%
The percentage is applied to the portion of the item’s price that falls within that bracket. For example, an item listed at $1,600 would have a commission calculated like this:
- $10 for the portion of the price falling in the $0 – $100 bracket: $10
- 8% of the portion of the price that falls within the $100 – $500 bracket: 8% of $400 = $32
- 6% of the portion of the price that falls within the $500 – $2,000 bracket: 6% of $1,100 = $66
- Total: $108
Prices listed in other currencies will have their commission calculated using the USD equivalent of their price, using the current exchange rate.
A major advantage of this commission model over the usual stand rental model is a significant reduction in exhibitor risk. Before, a dealer who wants to sell a large number of books would be vulnerable to a large loss if those books did not find any interested buyers. With the commission model, however, the exhibitor will avoid a large loss even if he sells little or nothing.
A cautious exhibitor will also have an incentive to offer the kind of items that are expected to have a large number of potential buyers in areas of wide and established interest. An exhibitor with unusual items outside the typical areas of collector interest will, on the other hand, be more inclined to offer their most unusual items if it costs them little or nothing when an item doesn’t sell.
- Items that have been sold during the showcase using our checkout process will automatically be marked as sold in showcase listings.
- Items that are sold externally during the showcase (e.g. over the phone or via email) should be marked as sold in the exhibitor’s dashboard as soon as possible. They will be treated as available for purchase until marked as sold.
- Any item sold as a result of being listed in the showcase will have a commission due on the sale. This applies whether the item was sold via the showcase checkout, over the phone, via email, or by other means. In some cases it will be up to the exhibitor to determine whether a sale happened due to the item being listed in the showcase, or whether it was due to some other marketing channel.
- After a showcase closes, each successful exhibitor will receive a sales report listing all items with commissions due. This will include all items that were marked as sold, those that were still reserved at the end of the showcase, and those that were deleted during the showcase.
- Exhibitors will have seven days to notify us if they believe certain items should not incur commissions. Examples of items that may be removed include:
- Items that were marked as sold, but where the sale fell through.
- Items sold through a third-party website during the showcase.
- Items sold via phone or email, but where the sale resulted from some other marketing channel, such as a printed catalogue.
- Items that were still reserved at the end of the showcase, but have not actually been sold.
- Items that were deleted for reasons other than being sold.
- Once the final list of items has been agreed upon, we will send the exhibitor a final commission invoice. This will be presented in USD and will be payable by card or bank transfer.