Amazing sale on the HeathKit clock for Steve. Never heard of them before, but now we’ll all be sure to keep an eye out!
We sell all kinds of items, many of which are practical everyday objects: clothes, tools, etc. But we also find and sell many items that are “collectible”. They have no practical value and are mainly ornamental, historical or make people feel nostalgic. Though we’re frugal and love to live a very minimal life, it is interesting that we make a living by scavenging items for people who love to collect. In biology, this is called Mutualism, where both species help each other with their needs.
As Scavengers, we’re out there every week locating these weird, uncommon items in the random waste of the nation, then we come home to post these items online. The Collectors are scouring the internet for the items they need to complete their sets. Our urge is to get everything out of our house. Collectors feel better when they’re surrounded by objects of they deem important. When the Collector dies, their lifetime of collections often get broken up into pieces and sent out into the world for the next generation of Scavengers to find and offer up to the next generation Collector. The natural cycle starts again.
We thank everyone who sent us emails, left phone messages, and forum comments about the Gallery Plus problem and eBay Coupon we spoke about last week. eBay would do it self a favor to have a page that listed “known problems” so we all wouldn’t have to cipher these mysteries.
Our sales slowed from the busy holiday season but have been steady. All we can do is list. Coffee is for listers.
These are the links we discussed in this podcast:
- We found a painting (see above) that should go to the Museum of Bad Art. It reminds us of their first painting that sparked the whole idea.
- On the forum, ShortandStout recommends going to local experts and craftsmen to find out more about items you find.
- And Nancy was nice enough to remind everyone about a great interview with Mark, a tax accountant who now specialized in helping online sellers.
Our Store Week February 12-18, 2017
Total Items in Store: 5722
Items Sold: 48
Cost of Items Sold: $226
Total Sales: $1,351.23
Highest Price Sold: $125 (vintage Air France menus)
Average Price Sold: $28.15
Money Spent on New Inventory This Week: $16
Number of items listed this week: 120
Sold 0 items for $0
Total Items in Store: 997
Items Sold: 5
Cost of Items Sold: $8
Total Sales: $175.80
Highest Price Sold: $85 (vintage spice rack)
Average Price Sold: $35.02
Number of items listed this week: 15
We have always been frugal people. Maybe we learned it from our parents, but I think it has more to do with being offended by inefficiency and waste. Why spend more than we have to? Why buy things we really don’t need?
We like to read online blogs and forums where people talk about frugality. These groups definitely overlap, but can separate into three categories:
- Homeschool DIY Moms: These super women document how they stretch every dollar for their family’s needs. They do a lot of DIY projects to upgrade their home. They have fun sharing recipes to cook for their family.
- Extreme Couponers and Travel Hackers: This group detail how they often spend little money at the grocery store by using coupons. Or how they max out credit card points to travel the world for free. The goal is to work the system against itself by being very organized and disciplined.
- Financial Independence Bloggers: About five years ago, these people really started popping up online. Usually they work good paying, technology jobs where they can save up to 80% of their income each year. They have fun living off as little as possible and saving as much as possible. As they max out their 401k and IRA accounts, they funnel all their savings into Index Funds. Once they hit a certain amount, they can then quit their jobs, live off the interest, and do what they want with their time. FrugalWoods and Mr Money Mustache are good examples.
While we love learning new tricks in frugality and investing, we fall into another category of “Business Owner”. We do spend a lot of money. But instead of spending our money on unneeded luxuries, we’re spending money on our businesses. Any business owner knows that it costs money to operate. It costs even more money to grow a business and expand. For example, we currently pumping cash into a new rental. Instead of working for a corporation for ten years and saving money to buy our freedom, we want to have our freedom now. The financials are just different.
We had a great week on eBay again. We’re listing like crazy to take advantage of the sales.
Here were some of the interesting conversation in the forum this week:
—Can you ship shoes in a poly mailer?
—Getting to know your auctioneer
Hope you had a good week.
Our Store Week February 5-11, 2017
Total Items in Store: 5613
Items Sold: 60
Cost of Items Sold: $110
Total Sales: $2,140.81
Highest Price Sold: $380 (vintage rug)
Average Price Sold: $35.68
Money Spent on New Inventory This Week: $600
Number of items listed this week: 110
Sold 1 items for $50
Total Items in Store: 978
Items Sold: 7
Cost of Items Sold: $20
Total Sales: $175.10
Highest Price Sold: $50 (Marble Lazy Susan)
Average Price Sold: $25.11
Number of items listed this week: 20