Went to the Bay Area Holiday eBay meet up last night. Griff was the speaker. It was held at eBay headquarters. It was a pleasant event.I thought Griff's early eBay stories were interesting. Most of the customer support team were scattered around the US from 1996-1998, because anyone with any computer savvy wanted to work for tech start ups not in customer support.Griff was living in Vermont and he had been in the eBay chat rooms 90 hours a week offering advice for free. Griff was hospitalized for 2 weeks and when he returned home Pierre called to offer him to continue doing what he had been doing for free. Griff was amazed by the salary offered. Griff said "I would be making as much as the bank president in my small Vermont town."
Cutco is ALWAYS a major score! Keep your eyes peeled for the ivory colored handles as well, as they bring the most money. Cutco butcher blocks, carving forks, etc. All a guaranteed sale for good money!!
I should also note that for some reason people prefer to buy Cutco at auction and those sales tend to bring in the most money. The additional upside is that they get tons of views, watchers, and bids which only helps raise your store and other items up the Cassini ladder. I have tried selling both ways, and auctions clearly are the way to go. Like you I am not a huge fan of auctions, but there are a few brands/items that buck the trend and Cutco is one of them!
I assume you had a good auction once. But if you look at the evidence, I don't see auctions consistently bringing in more money than BIN on Cutco Knives.BIN results : http://tinyw.in/9336Auction results: http://tinyw.in/ACacI see plenty of auction sales that look low because there wasn't enough bidding.
Bought expensive 350 dollar each tickets to see the Dixie Chicks next year and I can't really afford that high price so I ended up buying 2 more at a lower price that I'm going to resell on EBay to try to help pay for my first set. I've never sold tickets before but I've bought tons of them from eBay. The sucky part is I have to drive to the venue to pick them up will call and then list them. But my VIP tickets I still can't get until day of. So its a bit of a mess and I'm nervous but we'll see how it goes.
Ryann,The Iwo JIma box depicts Marines and Marines are never, ever called soldiers. We are pretty touchy about that LOL!. Nice sales by the way.
thanks, i never knew that. good to know. i am also never, ever called Ryann.
If you two EVER find any Disneyland stuff like that again, PLEASE email me! I am a big time collector of that stuff, and I really like the ephemera, the older the better. I'm not into all things Disney, but I'm very passionate about Disneyland itself. Some of my rarest and favorite things to collect are Disneyland employee jackets. I'm slightly obsessed.*Paul*
we still have the guidebook. if you know our store you can search Disneyland and you'll find it.
Yep, I've got that book. It's a souvenir pictorial; they've been making them since the park first opened in 1955. The earliest one in my collection is a 1956. When I would visit as a kid, that was the one souvenir I had to have. I would pore over every detail, studying it until I could go back again, usually a whole year later. They're easier to find than maps and menus, as the maps were usually hung, and most people didn't grab menus. And the fact that yours were in such amazing condition...I was drooling! If you two (or anyone else in our community) needs help dating a Disneyland item, I'm happy to help. But please note that my expertise doesn't extend to all things Disney. Mostly Disneyland, Disneyland Records, Annette Funicello, and the older live action films...the vintage stuff, of course.*Paul*
There's another YouTubers who does full time eBay but his business model is almost completely opposite of tours. He doesn't do auctions but he does the quick flip and he only keeps around 300 items in his store but makes as much as you guys do a month. Now up until this point I've always liked the slow dime idea better but he made a compelling point. Say for example you are selling an item for 20 bucks while the other guy sells his for 10. His sells quick and he takes that 10 and buys another item which he prices low again. Yours still hasn't sold. So his new item sells again and he takes that profit and does the same. Finally yours sells. You now have 20 bucks while the other guy has sold 3 items for triple the profit. And I don't mean he kept pricing at 10, I'm just saying he kept making money. Your at 20 while his initial investment is now turned into 50. It is a good point I've never thought of. A little more work i guess. I may give it a trial run for a month. I don't think it's fair to do now since its holiday season. OK signing off now.
Selling commodity items is very different from selling vintage/collectible/unusual decor items. These types of sellers almost ALWAYS underestimate the added time/expense factor in acquiring and processing merchandise. Whatever works for you though, it's all about the bottom line.
What is his ebay ID?
You guys always find the coolest trucker hats. Was curious about the wooden paper butter. I sold a similar one a few months back for $50..can't believe the price you had on yours. At the time, mine was most expensive, but only about $10-$15 more than the others selling at the time? Do you recall the maker of the cutter? Also, mine was crazy beat up..but looked really cool.
The problem is it takes him 2x-3x the time to make that money. Once an item is listed 90% of the work is done. If you have the storage there's no reason to sell low unless you need the money to buy more inventory. I don't think most of us here are waiting on items to sell to buy more items.
Anonymous #1: You could be talking about Tim Chapman Aka Mr Customer Service. We interviewed him (thanks to Linda!) in 2014: http://www.scavengerlife.com/2014/05/ebay-scavengers-episode-117-should-i.htmlHe talks about how all his inventory sits on a single bookshelf in his garage. He shops two days a week, lists two days a week, and ships once a week. Sundays are for his family.If an item doesnt sell on the first auction, he lists it again at a lower price. By the third auction everything sells because its so cheap.I asked him if he gets worried that his sales stop dead in their tracks the moment he stops listing. He said he saves his money so when he stops working, he doesnt need money. eBay is a spigot he turns on and off. I asked him if it bothered him that his items often sell for lower than Buy It Now items. He gave the same answer you did: he's just happy to get more than he pays for it. And every so often he'll get a nice bidding war. He's an educated buyer so isn't buying junk.Like Anonymous #2 said, there are different selling strategies. Our "list it and forget" strategy works for us. You should sell in the way that works for you. We personally like to put in the work and then let things sell for most we can get. Works for us.
The quick flip model works best if you're getting your inventory from a weigh and pay, have to process/move items quickly and all you're finding is cheap junk anyway. If you have quality items that are worth more $$$, it is best to sit and wait. Most items like that are not suitable for auction (with exceptions). You have to wait for the right customer to look for that item, which could take years in some cases (gasp!).For more unique item, buyers will pay more. Some buyers will even ignore low-priced items. If it's too cheap, there must be something wrong with it. Different business models. Different customer bases.
Math's not my strong point, but it seems like you'd have to have a super-low COGS for the "selling a lot more at a much lower price point" model to make sense to me. Plus, then you're doing many more times the work on the packing/shipping end, using more resources (shipping materials, gas, time), and generally (it seems to me) working a lot harder for your money. At the same time, I can see why it makes sense for some people. Again, it's all about finding what makes sense and works for you.
The Golden Finger Picker (Chad Pagel) is also a very enthusiastic proponent of the "Quck Flip" method of selling. He made a video about why:http://youtu.be/-_8p4foSE8II still prefer LIFI, but it's good to educate yourself about other methodologies so you can design the business that works best for you. Thats the beauty of eBay - you can do it your way - there's no one size fits all.
I really like Golden Picker's attitude. About halfway through he says (I'm paraphrasing), "I used to beat myself up because people said I could make more money selling differently, but I realized I made the money we needed. Doing it different meant more work and I don;t want to do more work."Same is true for us. We sell the way that fits our lifestyle. Unless changes to our strategy makes our life easier, we won't do it. Money isn't everything.
Agree, Jay. Chad seems like a really positive guy with a great outlook on life. He is a veteran, so I believe that really informs his attitude and approach. I enjoy his videos.
Chad is a good man--definitely not the smarmy "hustler" type.
Yes it was Chads video I watched. He rambles a bit and always makes me appreciate your nicely edited videos. But if you can get thru his rambling he shares knowledge.
It sounds like we're all getting to the same place by different routes. Cool. See you on the other side.
No reason you can't do the quick flip and list and forget it also. Quality items I'll ask for top dollar and wait for the right buyer. My mistakes I'll be happy to triple my money and move on.
Ive seen a few of his videos and in the quick flip video someone in the comments brought up your list it and forget it method and was sort of downing it and he said he won't talk bad about another sellers method because it works for them. I was surprised to learn his average price sold is around 48 dollars. He sells a lot of expensive things too. But if he ever wants to take time off his store will die with such a low inventory.
There are quick flips and then there are quick flips. Some items will sell quickly if you price them at market price and make a better listing than your competition. Better pics, better description. You might still easily make 10-20x your initial investment. If you hold out for more, you might be waiting 6 months, because the market is pretty well established, and you can easily hit the upper end of it, but there is too much competition to routinely get above market prices.In that situation, waiting just isn't worth it. Take the money that you earned by finding that item and move on. (Not directed at the Scavengers, I'm thinking of items a little less unique than what they sell... although it could apply to a few of their items).On the other hand, making Mr. Customer Service's business model work seems to require a level of skill at picking and an efficiency at listing that I simply am not even close to having. Items that I can quickly flip for 10-20x my money on buy at now... would go for like 4x my money if I auctioned them and tried to sell in 7 days. My hourly wage would drop through the floor.
Totally agreed. To be clear, we do not purposely list items expecting to sell 12 months later. Like everyone, we want items to sell quickly. As you see in this video, a handful of items sold within days of listing. But at the same time, we spend zero time worrying about an item once it's been thoroughly researched and listed. Worry is the enemy of productivity. As you said, some items are common and have an established market. There's no use in pricing too high if more of the same item keeps getting listed daily. We simply enjoy scavenging the really kooky, weird items that have little competition and can bring 100x + profit margins.
I thought it was interesting when he said he prices the way he does because he's appealing to people who shop the way he does online. Essentially, he *is* his target buyer. And it's totally working for him! There's really so much room for different styles and business models to be successful.
I shop that way too but rarely list that way. I'm starting to blend short and long tail sales together which always leads me to trouble when I put things on sale. Speaking of sales, us anyone planning on having a black Friday(really Thursday now) or cyber Monday sale? I may just for fun.
If everyone were to go for the quick flip wouldn't it end up being a race to the bottom?
I agree with Steve. Undercutting hurts everyone in the long run. However, I understand people have to eat and pay their bills.
Awesome stuff, as usual!
Its kinds weird seeing something I bought in your videos.. you and jay are kinda, all sorts of awesome... lol.. I sell on ebay too and always listen to your podcasts as im listing or sorting items... keep up the good work.. totally love the mind set you both have... ttyl
You're our first customer who's seen their item in one of our videos. Good to have happy customers.
Love hats... My highest price sold was for a vintage Red Wing Shoes hat... Sold for $150 to someone in Thailand. I paid $3 for it. Check out the sold for these, they are definitely hot!
Maybe GSP thought your hat was an actual Stihl chainsaw and kicked it out of the program.
Huh, that would be weird since it was in the hat category. But who knows how their system works. I wonder if eBay is starting to scale back the GSP program because they have to eat so many errors.
I listed a vintage coat today and the message that says the item is not eligible for GSP came up. I'd think clothing would be easy for GSP to deal with.
Is there a good guide somewhere for alternate/secondary international shipping options? Would only be interested in countries with tracking. I know it's been discussed here throughout the comments a few times but was looking for a more concise guide. For example, anything under "x weight" can be shipped to "enter countries" via "this shipping method".Would very much appreciate any insight or a point in the right direction.
No concise guide that I've seen. This tool is probably the closest: http://www.flippertools.com/fitShipper/fitShipper.html
Love the Norwegian pewter candle holders, of course :-) I wanted to bring a whole suitcase of that stuff back to the US, but alas - my kiddos had clothes and shoes that they sorta needed me to bring back too. PS: I really like Chad and his attitude too - one of my favorite happy-go-lucky guys on youtube.
I wonder if you could figure out a way to ship items back affordably to sell back in the States.
Haha, I tried to figure out a cost-effective way! I have actually been meaning to ask you guys the same thing when you travel to Holland. Have you ever considered shipping stuff back, maybe even in a crate on a ship?
We travel light: just two carry-on bags when flying overseas. We each pack a duffle bag in our carry-ons. As we scavenge in Europe, we fill up our duffle bags. Then when we fly home, we can each check in a bag up to 80kg for free. It's a lot of stuff.
The more children you have the more large duffle bags you can bring back!
There's an ebay seller in Australia who sells amazing fur coats. I emailed her one time asking where she finds such amazing coats. She flies to Canada a couple of times per year and then brings them all back with her to resell on ebay. He must be a light packer too! LOL
Love the duffel bags for sure! Last time we flew back to the US, we actually *moved* back, so there was too much regular stuff to bring (plus I always bring back way too many super heavy Norwegian kids books) - we had 8 x 22 kg and full pockets too :-) But I seriously considered shipping back some of the amazing things I found over there. Regular shipping via mail is too expensive and very weight restrictive, but I was looking into container shipping by sea. I know of others who travel to Scandinavia, raid the second-hand markets for teak items, and ship it back in containers to the US. But that is pretty intimidating for a small-time reseller...plus I would need to figure out what the import/customs fees would entail etc. But I think for somebody who has a lot of storage possibility (like you guys!) and close proximity to a large MCM market, they could do really well with larger items shipped over. Anyway, I left a lot of great stuff at my moms house, so I am looking forward to travelling back *light* soon and load up :-)
This is a coincidence. I have the exact same Wired Magazine hat listed currently. Mine is priced at $19.95 (but on sale for 10% off today only) so I'm not the $6 competition you mentioned. Hats are becoming my niche I guess. I have over 230 currently listed on eBay which is almost half of my store. I almost never seem to get any interest over $20 so I list the majority of my hats at $19.95 and list generic brand-name hats (eg: regular Nike hats) for $14.95 That Disneyland map takes me back to my childhood. I had one like that in the 1970s and remember taking it to school for show-and-tell time. (I grew up in Australia so a map of Disneyland was a true novelty back in those days).
What is your storage/organizational method for your hats? It seems like it would be difficult to find the one you want.I've been considering selling sewing patterns, but I'm not sure how I would organize them so that I could find the right one when it sold? Any suggestions?
why not store your patterns numerically, standing upright in a box. since it would be rare to have two with the same pattern number they would be easy to find. I use beer crates for most of my storage...they are free at the beer dock, have handles on the sides and are all the same size:)
I'm using plastic storage totes with lids to store all of my listed items. Each tote is numbered. As I list each item I log it into a spreadsheet along with a tub number so I always know which tub to find it in. Each tub probably holds about 40 - 50 hats and, given they are not all the same color, it only usually takes a minute to find the one I want. Using a spreadsheet is invaluable. A couple of times i hadn't logged a hat and it was very painful looking through all the hats. The same technique could be used for sewing patterns though within each tub, ordering by name or number or something would probably be beneficial.
Thanks Cheryl and Simon. I have trouble with organization. Storing by number just like they are at the pattern store is very logical. I guess I have to start embracing spreadsheets more. Excel and I just don't seem to get along.
Why would you need a spreadsheet? As long as you put the pattern number in your listing, you'd know where to find the pattern when it sold.Crystal
Simon - What is your preferred way to ship a baseball hat? Is a padded envelope enough, or do you box them up? Thanks
This seems a really common question recently. I think this is good way to ship trucker hats: https://www.youtube.com/watch?v=5kLWT8SnQrw
Totally random but wanted to share a small win with the community - just got my purple star on Ebay for over 500 feedback! Woohoo! I know the stars don't really mean much, but it makes me feel proud I've done it - and eager to build up to my next star color! :)
Woo Hoo! That's a milestone to be very proud of--keep it up!
Purple is my favorite color and I loved having the purple star. I share your excitement. I just reached 1000 not too long ago and was thrilled! Jay and Ryanne are creeping up on 7500.
Awesome! I know I was excited when I got my purple!! :)
deb truervaluesYeah! I am about 7 feedbacks from reaching 1000. I am very excited about getting a new color!!!
The first 1000 are very much significant and should be celebrated for sure , CONGRATZ!!! YEAAH A new star and thats sweet :) Now....my only complaint is how do they expect us to wait to 5000 before getting a new color star!!!! From 1000 to 4999 is SOOOOO long. Its fun to get rewarded by ebay as well. The printable 100 500 1000 sales awards... I save all my congrats certificates and frame them. I got a 5 year award last year....that was cool. I have been very much discouraged about this last few months and my failure in growth. I have looked into whats happening and why it happened as well......nothing worse than feeling failure in this job i LOVE SO MUCH. I cant ever see myself doing anything besides this. I am a one man show and it takes more than that to function to the level I wanted to go. I am a hard worker but its just not possible to run this alone. In order to expand i need a person listing 5 days a week at least 4 to 6 hours per day and more if inventory is there. Saving now to hire a person and hoping i can save this. Growth is not always good. Growth isnt always possible either.....ebay is simple but its not easy. Live and learn, Congrats to everyone that experienced the first Christmas rush!! Congratz to the people who are growing and achieving!! I LOVE my job. Happy Holidays to y'all. My ramble is over now :)
I just sold that same nut-sheller for $9, but mine didn't have the box and was all scratched up. :)
Hi there. Faithful follower here. I recently picked up a shoebox full of old womens cologne. I was going to pass then remembered that you have had success with those. I did a quick look up on my phone before purchasing and it appeared that a number of them were good sellers. It took me 5 hours to research and list them. One unfortunate surprise was that I won't be able to ship any of them via either priority or first-class mail - all will need to be shipped ground due to USPS regs on shipping liquids. I will also have to hand carry them to the post office for mailing. These can't be placed out for carrier request pick up. Ugh. They (about 6-7 different listings) are now live on ebay as of a few days ago. I have no watchers on any of them. Feeling discouraged. Needless to say, I won't be buying any more for resale.
I've never heard of those regulations on shipping perfumes/colognes within the US (some countries will flag them in customs, but not the US). I sell them regularly, ship normally, and have carrier pickups. Do you have a link to these regulations? Maybe they are new that I don't know about.
Perfumes Collapse FAQ question The regulations aren't new. Perfumes are considered flammable and hazardous. Directly from the USPS website: Perfume containing alcohol may not be shipped internationally or mailed domestically using air transportation. Perfume containing alcohol, however, may be shipped within the United States by ground transportation. (end quote)I couldn't find anywhere on the website where it actually said you can't schedule a pickup - but I've never been able to buy postage for hazardous/standard post through Ebay or click 'n ship. That will not stop me from selling perfume, though. It's been very profitable for me.Crystal
does anyone know if first class international to Canada is by air or ground?by the way I knew about this regulation as well and only sell perfume to US. I didn't know it couldn't be picked up. Maybe that is because hazardous materials do get a special sticker or stamp when you hand them over the counter at the PO.
Hey Jay... Didn't you create a separate page whereby some members could write about various topics and include in them various "How to's" or "Good Advice", or "Preferred Processes" at one time? I remember going there once and reviewing some of the entries. I think you only allowed certain members to add topics or articles.Is that page still accessible and if so how, and is anyone adding to it? Seems that would be a good place to have all of the instructions on the best way to do things and then when some of the newer members have questions that have been covered bunches of times, it would be easy to re-direct them there. But just curious about that page / area you created and if it still exists. mike in atl.
Yep, I had made a shared page where people could add info. Anyone could ask for permission to be listed as an editor. No one really did anything. (It's okay, we're all busy). I could find the page if people really wanted to use it. I'd even link to it from the front page.
I know it didn't take off, but I really like the idea. I think it's just something you need to explain and mention every podcast (for maybe 20 seconds or so) to remind people it's there. A searchable database of some kind would be so valuable. I guess the most common way to do that is a forum. I'm not sure what would be better or simpler, but I guess that's why google is worth billions of dollars...Anyway, I second Mike's comment. If there were just a few good answers there and then it was regularly promoted, i think it would take off - and if it did, it might really drive up your traffic numbers...R&J: Even though everyone says it, I know it probably still feels good to hear, so, thanks for everything. I have learned a lot. To get info from like-minded people is rare in this business.
Jay.. If I remember it did have 6 or 8 +/- article type of postings in it. If you could find it, then post it to the main page, you might get more participation or at least people reading it. You could still restrict the members who could post to it, or maybe do a review of any submissions and you be the deciding factor if it gets to go live based on how beneficial it is.Think about this, how many more times are the members going to answer "how do you ship hats". This has been asked and answered tons of times but it is just too hard for newer members to know how to search the podcasts. I know a method I use, but it is tedious for new comers or those less familiar with searches.If some one asks how to ship a hat again, then direct them to the "How To" page and they will see, in a poly mailer, in a 10x6x6 box, in a bubble envelope and here are the pros and cons of each. Then it's done. Answers for a life time. lol :-)Other topics how to figure COGS, how to prepare for end of year, best practices for storage systems, plastic or cardboard storage bins and why, a simplified inventory system. Tons of articles could be crated by the experienced and knowledgeable members. But as you say, would they take the time to create a submission. Maybe you could pick a topic each week and issue a statement that you are taking submissions this week on this [fill in the blank topic] and see who submits. Then select those you think are worthy of entry. And to incourage participation, a gold star to anyone who gets an entry article accepted by Jay and after 10 accepts, they get a FREE MUG of their choice. :-) You get the drift.But this may come too close to a forum type thing which is something you don't have the time or inclination to administer, you have a business to run and I completely understand. Just thinking out loud ... mike in atl
The Archive of All Knowledge is right here: https://sites.google.com/site/scavengerarchive/If someone wants to become an editor, just email us and I'll approve you. Just trying to avoid issues of spam if it was totally open. I'm happy to link to it on the front page if people find it useful.
Thanks Jay... Got that Puppy well bookmarked now. Lots of great stuff in there. In my opinion I think A link on SL Homepage and a list of the topics on there would benefit many of the new members just coming on board and asking what adds up to many of us a FAQ's or it is the perfect place for longer and more detailed topics that make some of our members go "blurry eyed" reading on the regular comments. Going to re-read everything in there today to just update my old, old memory. mike in atl.