Scavenger Life Episode 350: Free Shipping Is A Lie

In Canada the seller update includes the news that we are getting seller hub, which I suppose I had assumed we already had.

Haven’t listened to the podcast yet but now is my chance to go over my numbers before the day job starts in earnest, so…

Sales: CAD$846, 8 items, COGS $69 –> item profit $629
Expenditures: $152 –> after tax cashflow $409 (target $525)
Hours: 7, hourly rate $58/hr net
New listings: 10 (324 total)
Notable sales: more floppy disks $320, used neti pot $140 (ebay is magic)

Freed up more storage space at home, need to shop for some shelving this week. And I am very keen to find some new inventory as this weekend’s snowstorm prevented me from going out scavenging.

BTW, Temudgin is the birth name of Genghis Khan. I suppose, like a food truck, being an invincible warlord from the steppes is another one of those gigs that go well with eBay.

Feb 25 – March 3, 2018
Store #1
Total Items in Store: 1226
Items Sold: 15
Cost of Items Sold: $22.20
Total Sales: $411.88
Highest Price Sold: $60.00 (women’s sweater)
Average Price Sold: $27.49
Returns: 0
Money Spent on New Inventory This Week: $13.00
Number of items listed this week: 21
———-
Store #2
Total Items in Store: 281
Items Sold: 3
Cost of Items Sold: $0.75
Total Sales: $24.78
Highest Price Sold: $11.19 (vintage embroidered patch)
Average Price Sold: $8.25
Returns: 0
Number of items listed this week: 16

Pretty average week sales-wise for us. I was pretty busy personally, so listing took a back seat to life unfortunately. We managed to hit our goal of 1500 items listed (both stores combined) by March 1st though, so I’m not complaining.

So after complaining on the forum a bit this week about the new ebay policies regarding free returns I decided to just pull the trigger and try it out. If I am going to have the mindset of growing a larger business i figure i cannot get stuck in the weeds over the small stuff, and Ebay is telling us what is important in terms of how they rank sellers. I also dealt with a questionable fraudulent buyer this week, and even through the scenario was my word against the buyer, Ebay totally backed me up and i did not lose a dime all based on my reputation and feedback on Ebay – so that helped me muster the courage.

I made a few minor changes on how i am reporting numbers to myself and subsequently the forum. Most notable I am now tracking 30 day sell through rate on a weekly basis as it is how i think about things in general anyway, and i also am now tracking my money spent on new inventory on a weekly basis as cash flow is what really matters to me anyway especially these days as i continue to ramp up to a size i need to be at.

A little better week for me listing wise and look to keep on tracking up to continue to grow and hit my goals of 2,000 listings before summer and 3,000 before end of 2018 (with over 100K listed).

I have not listened to the podcast but as usual looking forward to as i go about my day.

2/25/18 – 3/4/18

Total Listing in store (beginning of week): 1208
Total items (including multiple item listings): 1327
Value of inventory listed beginning of week: $ $40,511.20
Value if inventory listed end of week: $ $41,665.01
Items sold: 20
Weekly sell through on 30 day schedule (based on number of listings): 7.10%
Total Sales: $ $654.66 (shipping backed out)
Average price: $ $32.73
Cost of items sold: $ $60.70
average cost of item sold (pre fees): $3.04
Gross profit: $593.96
Best sale: Antique Metal Mounted Mirror sold for $139.24 cost $1.45
New items listed: 96

Week February 24-March 3, 2018

Total Items in Store: 902
Items Sold: 15 (1 Amazon, 1 Facebook)
Cost of Items Sold: $58 (13.8% of sales)
Total Sales: $420.19
Highest Price Sold: $81.24 (1980s Members Only leather jacket https://www.ebay.com/itm/201825261165)
Average Price Sold: $28.01
Returns: 0 (1 insurance claim for damaged package)
Money Spent on New Inventory This Week: $282
Number of items listed this week: 52
Promoted listings test: 4 sales, $143.22 (34.1% of total sales), $8.34 fees (5.8% of sales)

Even after doing the numbers, still a “slow” week. Didn’t want to claim that until I did the numbers. I had adjusted my baseline normal week up to $500 after exceeding each week that since about last October. All good though, still made nearly 8x my money for the week so can’t really complain.

That Members Only jacket was super cool, about a year ago bought 4x of them (this was the only leather one, the others were the standard cotton/nylon). I think I paid like $3 each for them at a yard sale, so selling for over $80 is pretty great. Actually sold one of the others on Sunday too, which will hit next week’s post.

Took advantage of the horrible weather in the northeast this weekend by putting my head down and knocking out 52 listings – which got me over 900 listings for the first time since last summer. Still have a basket of random items that is a catch all for things and my current “death pile”. Probably have another 30-40 items in there I hope to knock out this coming weekend.

• This reply was modified 8 years, 2 months ago by Brian Treasures from Grandmas.

The Michigan Rummage sales have kicked off and that started my crazy weekend of buying.

I have been on a quest for higher priced items. I am refining that to say I’m tring to get to a $60 average for new listings. Probably wont meet that all the tome, but a good goal. I have found that if you seek, you Will find. I have a new attitude now when i go to sales. Instead of thinking “what can i buy cheaply” i think “what are the highest selling price items here”.

These sellers here are getting more savy. Church rummage sellers who they say also sell on ebay. I went to this thrift store: they had a $60 coat, $100 shoes and a pair of boots for $200! The point is they sre getting more savy at this selling, sowe have to stay a step ahead of them by being armed with knowledge (or look it up).

I went to an estate sale and their prices wete fantastic. They also started to just give me good stuff because the sale was ending. They also gave me extra time at the end of the sale because i was buying so much. Right place at the right time.

I will post my number later.

Mark

Hi I was the caller talking about Offer up. Yes I’m in a metro area. That’s why i was saying Offerup and FB doesn’t work for you guys. You can see all the items I sold last month. The last column is where i sourced it from and the cost. I do a lot of “junking” Yes most of them are 20-30 dollar items. I spend time talking with people and organizing the transaction. But for most sales I do “porch pickup” where i setup up sale. Give them my address and they leave the money under the mat on the front porch. So yes, I don’t sell weird antiques very often, or a whole lot of clothes. So yeah this should answer you questions for what I’m selling and what I’m selling it for. Keep it up guys!

item sale price location sold date cost found
lincoln hub caps 79.99 Ebay 2/1/2018 0 garage sale
ikea lamp 5 CL 2/1/2018 0 garage sale
milk crates 25 Facebook 2/1/2018 0 trash find
chain saw 30 NextDoor 2/1/2018 0 trash find
rolling toolbox 20 Facebook 2/1/2018 0 trash find
Visio tv power board 69.99 Ebay 2/2/2018 0 trash find
hand cart 10 CL 2/2/2018 0 trash find
coleman stove 20 Facebook 2/2/2018 0 had it
push reel mower 2 30 CL 2/3/2018 0 trash find
Wii U – White 170 Facebook 2/3/2018 85 Nextdoor
bike rack 50 Facebook 2/3/2018 10 garage sale
texas flag 5 CL 2/3/2018 0 trash find
suitcase 10 CL 2/3/2018 0 had it
2 vcrs 25 Facebook 2/4/2018 2 garage sale
coke crate 20 Facebook 2/4/2018 0 Nextdoor
girls bike 20 CL 2/4/2018 0 trash find
bike trainer 50 Facebook 2/4/2018 0 trash find
skateboard 25 Facebook 2/4/2018 5 garage sale
denon receiever 120 Facebook 2/4/2018 0 trash find
Metal stools 15 Facebook 2/5/2018 0 trash find
rifle case 30 Tony 2/5/2018 0 trash find
beetle shift lock 40 Steve-O 2/5/2018 0 had it
Magnavox VCR 40 Ebay 2/5/2018 0 trash find
push reel mower 1 30 Facebook 2/5/2018 0 trash find
magnavox stereo 25 OfferUp 2/5/2018 0 trash find
2 red suitcases 30 Facebook 2/6/2018 0 trash find
red bird feeder 10 Facebook 2/6/2018 0 trash find
large rachets and strap 20 OfferUp 2/7/2018 0 trash find
coke crate austin 30 CL 2/7/2018 0 Nextdoor
red ll bean blazer 29.99 Ebay 2/8/2018 10 Goodwill
bow 5 CL 2/8/2018 0 trash find
6ft level 25 Facebook 2/8/2018 0 trash find
JVC Tuner 25 CL 2/9/2018 0 trash find
candy metal tin 20 Facebook 2/9/2018 0 trash find
propane colmen lantern 20 CL 2/9/2018 3 trash find
bamboo rug 20 CL 2/9/2018 0 trash find
laser level 450 Facebook 2/9/2018 250 CL
3 tier table 50 Facebook 2/10/2018 0 trash find
Pit 30 Facebook 2/10/2018 0 trash find
Work table 30 Facebook 2/10/2018 0 trash find
sony boom box 25 OfferUp 2/10/2018 0 trash find
dyson dc35 80 OfferUp 2/11/2018 0 trash find
sector 9 longboard 50 CL 2/11/2018 25 garage sale
bose sub 20 Facebook 2/12/2018 0 trash find
pet pen 30 Facebook 2/12/2018 0 trash find
5 bird feeders 25 Facebook 2/12/2018 0 trash find
samsonite suitcase 20 Facebook 2/12/2018 0 trash find
ladder 15 Facebook 2/12/2018 0 trash find
microwave 15 Facebook 2/12/2018 0 trash find
girls bike 20 Facebook 2/12/2018 0 trash find
Toolbox 40 Facebook 2/12/2018 0 trash find
Jewelry 25 Facebook 2/12/2018 0 trash find
ammo cans 25 Facebook 2/12/2018 0 trash find
lincoln tail light 39.99 Ebay 2/13/2018 0 garage sale
power washer 15 OfferUp 2/13/2018 0 trash find
wood file drawer 20 Facebook 2/14/2018 0 trash find
metal gas can 60 CL 2/14/2018 0 had it
2 folding chairs 20 CL 2/14/2018 0 trash find
bamboo rug 35 CL 2/15/2018 0 trash find
ski boat speakers 300 Ebay 2/15/2018 0 trash find
ut license plate 60 CL 2/15/2018 20 estate sale
dog crate – L 30 CL 2/15/2018 0 CL
Work table 27 Facebook 2/15/2018 0 trash find
two bike wheels 20 Facebook 2/16/2018 0 trash find
bose speakers 110 Facebook 2/16/2018 0 trash find
fisher stereo 25 CL 2/16/2018 0 trash find
weed claw 5 CL 2/16/2018 0 trash find
25 cut off wheels 40 CL 2/17/2018 25 CL
2 lexus wheels 100 CL 2/17/2018 0 trash find
Purple Martin bird house 30 Facebook 2/17/2018 0 trash find
pink bat 10 Facebook 2/17/2018 0 trash find
haro bike 200 CL 2/18/2018 80 garage sale
chicken wire 30 CL 2/18/2018 0 CL
dyson dc17 60 Facebook 2/18/2018 0 trash find
beer mirror 20 Facebook 2/18/2018 0 trash find
golf shoes 44.99 Ebay 2/19/2018 0 trash find
mail box 10 CL 2/19/2018 0 trash find
Milk crates 10 CL 2/19/2018 0 trash find
guitar case 10 Facebook 2/19/2018 0 Nextdoor
polk speaker 40 OfferUp 2/21/2018 0 trash find
wood plane 60 Ebay 2/22/2018 0 trash find
hard hat 54.99 Ebay 2/23/2018 25 CL
dog crate – M 30 Facebook 2/23/2018 0 trash find
hard hat 55 Ebay 2/23/2018 25 CL
2 matrix hub caps 34.99 Ebay 2/24/2018 0 trash find
Metal stool 15 OfferUp 2/24/2018 0 trash find
4 stools 50 Facebook 2/24/2018 0 Nextdoor
24 in imac bag 54.99 Ebay 2/24/2018 0 trash find
cycleops trainer 50 Facebook 2/25/2018 25 garage sale
sarris bike rack 20 CL 2/28/2018 0 trash find

FebTotals
Spent Made Profit Ebay fees Total after fees
590 3946.92 3356.92 212.36 3144.56

Weekly number for Feb. 26th – March 4th…

Total Items in Store: 112
Items Sold: 14
Cost of Items Sold: $28.05
Total Sales: $436.98
Highest Price Sold: $84.79 Garmin Fishfinder
Average Price: $31.21
Returns: 0
Money Spent on New Inventory: $225 – $150 of which came at a Estate Sale Company that was having a warehouse liquidation sale. Working hard on getting items together to increase total inventory.
Number of Items Listed: 47

Just continuing to grow. I know it’s early in the life of my business, but I’m very happy with the progress I’ve been making so far. I have enough inventory to get me over 200 total listings now, so this week will be spent focusing on that and not sourcing as much.

Just wanted to take a second and thank Jay and Ryanne specifically, but everybody here in general. This is a great place, and I’m very happy to have found it!

-Steve

• This reply was modified 8 years, 2 months ago by s.

Feb 25-Mar 3

Items in Ebay store: 658
Ebay Items sold: 29
Total Ebay sales: $704.78
Ebay COGs: $92.80

Offerup sales: $55
Items/COGs: red toolbox sold for $35 (cost $5); red lantern sold for $20 (cost $1)

Facebook sale: sold MCM 9 Foot green couch for $550; cost $350 one week prior at Estate sale (we thought we’d keep it but it needs too much restoration work and we are downsizing in a year anyway; I just loved it so).

Sold a vintage Headbangers MTV Tee for $30 with all kinds of marks; sold a needlepoint bellpull for $89; sold 7 packs of Rolodex refill cards for $65 (10 cents each at store); sold 70s Fantasia blacklight poster and small Disney print for $85 together.

I will likely move to free returns and up price on those items too; if it’s the way of the world, I do not want to lose out.

I had a buyer fail to return a Gucci briefcase she bought for $480 within the 5 day window…well it just showed up last week on my porch. I did give her a refund minus original shipping costs, insurance and delivery confirmation cost + $20 for my trouble, so she got $420 Back. Ugh. It’s over and I made double that this week so I moved on.

For the chap who called in about not finding his ashtrays in search, I had a similar result one day. When I eventually found the item I was searching for, I discovered that I had spelled the keyword slightly differently in my listing. I typed in Figi and the listing was Figis. It seems the search is not intuitive or comprehensive, but rather exact. So, if your caller listed one as Ashtray and another as Ash Tray or even ash-tray, perhaps that might make a difference?

Also, check that you don’t have one of the filters selected, such as category. I got super frustrated one day searching for a pair of jeans, until I realized I was in my Hats category! 😉

Just jumping in with my numbers, as I have not yet listened to the podcast. Plus we are gearing up for a blizzard!

Total items: 799 (numbers are going up, up, up!!!)
Items sold: 19
Total Sales: $230.10
Average price: $12.11
Cost of items sold: $19.84
Net profit: $179.83
Best sale: $35 (took offer from $60) A lamp I made from an antique enamelware coffee pot
New items listed: 155

Again, a similar week, with the positive trend in number of sales. DVDs keep selling for me. Which, I asked for since I listed them! I am hoping to start selling some of my newer listings which have much higher start values. One or 2 items have sold, but not any of the jewelry I dumped money into. One bracelet sold but didn’t pay yet, so I haven’t included it in my numbers.

Total Items in Store: 428
Items Sold: 8
Cost of Items Sold: $48 + $18 free first class or PFR shipping
Total Sales: $394
Highest Price Sold: $105 Needlepoint kit to Park Avenue https://www.ebay.com/itm/232662692009
Average Price Sold: $49
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0

Shout out to the forum person who started the thread about marking down prices on watched items and also to BethGreen discussing auctions boosting sales (and possibly visibility) with activity. One day in a rather neglectful Ebay week, I chose some old items to do .99 cent auctions – just stuff I’m really tired to looking at or keep cropping up in my suggested changes page over and over. I’m over my basic store limit, so ready to cull some old stuff. I also dropped some prices on a handful of other items. I immediately saw some action, receiving a bid immediately, selling an item within minutes of reducing its price, and selling another older BIN item. It just reminded me that activity is apparently rewarded. So I’m running an experiment this week by reducing the price by 10% on my 15 most heavily watched items. My auctions will be ending and I’ll have a lousy ASP next week. So far, I have not received an email from Ebay asking me to drop the price of a particular item.

This week I sold another needlepoint kit for over $100 and an antique tile for $80. It occurred to me that these are the perfect items to sell on Ebay with the increased shipping rates and fees – small, lightweight, valuable – and ones that I could easily afford to offer free returns on but very rare so it is unlikely to come back. I wish all of my items were like that! Unfortunately, I’m working through the backlog and thinking really, really I should be evaluating what is worth listing since I have such limited time. There are a number of low dollar items in the backlog as well as heavy ones. I have them sorted by type (not by value) and so far I’ve just been listing what category I’m in the mood for. Have a great week!

Items in Store 977
Items Sold 22
Total Sales $518.50
COGS $62.70
Total Profit $455.80
Average profit $20.72
Average sales price $23.57

Had a couple of days with no sales this week. Not much to report really. Just another week. I’m excited for warmer weather and more daylight in the evening. I did start cleaning/organizing my storage shed this weekend. I have big plans for optimizing my storage and finally organizing my main work space in the garage.

I had a pretty good week and made about $1,200.00. Anytime I’m doing over $700 a week I feel pretty good.

Active listing beginning of week: 552
Active listings at the end of week: 617
New Listings: 94
Items sold: 33
Total Sales: $910.07
Average price: $26.77
Cost of items sold: $164.71 (18.10%) – a little high this week…
Best sale: $110 For a Teac untested Reel-to-Reel (local pick up so we didn’t have to ship!)
No Returns (1 threatened, but then never followed up… She may still.)
Spent on new Inventory $513 (We are still aggressively trying to build up inventory with the cash we set aside to do so. But still think we may have overspent this week on some items… We will see)

We did link with Bonanza this week and did sell one item for $35 (included in numbers above).

Overall, we are really happy with our progress and will keep listing this week with our goal of listing at least 100 items a week. We didn’t quite reach our goal this week. Our power went out Thursday night, so we missed a whole evening of listing. And, we had family over on Sunday so didn’t get much done then either. We will make it up this week. 🙂

how about up and down?

“sales were down.”
“sales were up.”

also, when you ship smartpost, your postal carrier picks it up instead of dropping it off at fedex? maybe that’s the difference in prices? maybe the longer it stays in fedex’s hands, the price goes up?also, if your postal carrier takes smartpost, do you track it? and if you track it, does it stay in USPS hands or does it flip flop between FedEx? idk.

Feb 25-Mar 3 2018

• Total Items in Store: 825
• Items Sold: 23
• International 3 GSP
• Total Sales $1590
• Highest Price $420 Sony mixing console
• Average Price Sold: $70
• Returns: 0
• Cost of Items Sold: $110
• Cost of items purchased this week $475

Everything came together last week for a quick trip to Colorado, I found a guy on one of my FB stereo groups who had a Reel to Reel Tape deck like the one I sold a few weeks ago for $500. That one was working but it was a little rough and I had no knowledge of it’s repair history.
This one I paid $400 but it was completely gone through electronically and mechanically. It’s in superb physical condition as well so it should at the very least go for double.
The weather was great, I hit many small town antique and thrift stores, not the bounty I was hoping for but some interesting items.
And with my handling time extended I was still able to sell quite a few high end items and no one wished to cancel.

Week of Feb 25 – Mar 3
* Total Items in Store: 1149
* Items Sold: 23
* Cost of Items Sold: $25.30 + $43 Commission
* Total Sales: $639.05
* Highest Price Sold: $90 Dynasound cassette holder
* Average Price Sold: $27.78
* Returns: 0
* Money Spent on New Inventory This Week: $0
* Number of items listed this week: 30

For the previous week with President’s Day, no one wanted my stuff, and I only sold 8 items for a little below $160. This week, people did want my stuff, and I had over 4 times the sales! Go figure. I guess President’s Day did have something to do with my lousy week, but why was this week good? Who knows.

For the whole free returns subject, here is something I plan to do. Last month (or was it January), I bought an auction lot of new pants. I’ve started a listing, but ran into an issue with variations, and it isn’t up yet. But, from the beginning, I thought about doing free shipping and free returns on these. The reasons are: I’ve got about 280 pairs of pants in various sizes, they will be less than a pound each to ship, and I want to sell them as fast as reasonably possible.

My point is that these are target items for this program. Right now, I’ll put them up, and, if someone just “rents” them, I’ll probably be out of luck. Come May, I can reduce the refund by 50%, and Ebay will back me up. So, I’m very excited about the program. Now, if I can only get my butt in gear and finish the listing.

I’ll probably not have free returns on most of my other stuff. I’ll think about it, and maybe do what makes sense. But that’s the deal, I can pick and chose.

This is absolutely my favorite recipe using kimchi https://www.bonappetit.com/recipe/kimchi-udon-with-scallions. Perhaps it would be just as delicious with shirataki noodles. Which by the way are a traditional Japanese food item, not some newly created “frankenfood”. I haven’t been posting my sales because my store is small, with a lot of low dollar items, but since I am here I will for once.

Feb 25 – March 3, 2018
Total Items in Store: 279
Items Sold: 7
Cost of Items Sold: $ 10.47
Total Sales: $ 131.96 (does not include shipping)
Highest Price Sold: $ 42.00 (vintage 40s house dress)
Average Price Sold: $18.85
Returns: 0
Money Spent on New Inventory This Week: $ 4.50
Number of items listed this week: 9

24 hours ago, I never heard of Lalique…then I watched the BBC show “Bargain Hunt” and one of the contestants was looking all over a flea market/antique show for Lalique glass. He found this little fish that looked like a yellow and slightly larger Swedish Fish candy, that was Lalique glass. It was 80 GBP. I would have thought it was some cheap bathroom accessory from Target.

Then I listen to the podcast this afternoon, and Jay mention that Lalique would make his heart race if he found some. I’m sure myself, and many others would have easily walked past many Lalique glass items in the past.

I’m doing a quick Google Image Search to get a visual education on what the various Lalique glass items look like – and BOLO for them in the future.

Feb 25 – March 3, 2018
Total Items in main Store: 9,517
Items Sold: 197
Cost of Items Sold: $325
Total Sales: $3097
Highest Price Sold: $399 (vintage Burberry jacket)
Average Price Sold: $19.11
Returns:3
Money Spent on New Inventory This Week: $130
Number of items listed this week: 256
Total hours logged: 56

Two comments about this week’s show.
First, Offerup and Letitgo is a GREAT place to sell, quite literally, garbage. I have no hesitation about picking up a lawnmower or piece of furniture curbside and taking it home. Throw it up on one of those two sites or FB Marketplace with a reasonable price and there is always somebody willing to come and buy it, even if it doesn’t work. I don’t even bother testing mechanical items that I find in the trash (unless it it appears to be high end and worth selling on ebay). My effort is limited to putting it in the vehicle and posting it for sale. I sometimes move the item further down the curb, away from the real garbage, photograph it, and post it immediately. When I get home, it sits in the driveway, and if it doesn’t sell in a week or two, it simply gets pushed to my curb. I answer silly questions with one word answers because some of those sites measure response time and rate. I work from home, so I just tell people to text me when they are here to pick up. A lot of no-shows, but at least I’m not waiting around for them either. Some of the older guys that like to fix things can get a little chatty, but that can be entertaining sometimes. That said, I don’t go out looking for trash, but if it presents itself to me, well then. Currently my driveway has no trash sitting in it. I find it a good way to make a near effort-free $1500 + each year. And I’m recycling.

Second, I second the caller today that offered you encouragement to sell internationally outside of the GSP. I sell a lot of smaller lightweight items that fit into bubble mailers or poly bags, so international shipping via First Class is between $10-23 depending on the country. The last time I studied the numbers, I sold about 13% overall internationally, and my “gone missing” rate was about 3%. So yeah, things do disappear. Take into account what you are selling when you list it. Real valuable things should never ship without the protection of GSP. Gewgaws? Bring it on. This weekend, I sold a camera FLASH manual, not even vintage, for $14.99. It was one of those things that I have had forever, and when I pulled it to ship, questioned myself why it was in my possession in the first place. But somebody in Korea, that one person, had to have it. If it disappears, I’m out $13 in shipping. There is only a 3% chance of that happening though. I’ll take the 97% odds and $14.99 that it will be safely delivered.

RR Store Week Feb 25-March 3, 2018

Total Items in Store: 1496
Items Sold: 48
Cost of Items Sold: $94.94
Total Sales: $1,382.11
Highest Price Sold: $306 (lot 49 reel to reel tapes)
Average Price Sold: $28.79
Returns: 0
Money Spent on New Inventory This Week: $60.43
Number of items listed this week: 18

Ah, life. Last week was …interesting. I had my mom’s birthday dinner, an exploding coolant hose, a funeral, my girlfriend’s dad in the hospital, a visit to the emergency pet hospital, an unexpected family friend visit, and two very sad estate sales. All these things occurred when I’m usually listing. As a result, I was only able to list 18 items. All that said, I had one of my best weeks ever. So crazy. And if I had a regular job, I would never have been able to take the time off to deal with all of these mini crises and events.

Lately I’ve been channeling my inner Steven Schultz and selling reel to reel related items. I pick them up whenever I can. This week I sold 6 different lots of reels, including the lot of 49 Ampex tapes; they went for $306 at auction, starting at $149.99. I’m usually not into auctions, but with a lot this size, I kinda just wanted to see what would happen. I would have been fine with my opening bid price. I paid $10 bucks for them. I’ve also enjoyed parting out two reel to reel players, a Sony and a Roberts. All those little parts add up.

Off to try to replicate this week’s success. If I can hit close to this each week, I’ll be just fine.

Paul

I have no concerns at all about free returns. I think it’s good customer service that gives me a competitive edge. Some customers are going to filter on it, so like Guaranteed Delivery, it has a potential of reduced traffic. Sure some customers may abuse it, but my philosophy is to not set my policies based on fears. I don’t want to set blanket policies for all customers to protect me from a few who may abuse it. So you lose $10 here and there on a few returns. It’s a drop in the bucket for the profits we make. I like anything that makes me appear to have exemplary customer service, including “free” shipping on fixed price shipping (I charge for Priority) and free returns. Buying online is a risk, so anything I can do to mitigate that risk for my buyers, I’m in.

My numbers for the week of 2/25/18:
Total Items in Store: 138
Items Sold: 18
Cost of Items Sold: $88
Total Sales: $740 + shipping
Highest Price Sold: $91 (Metal tree sculpture)
Average Price Sold: $41.11
Returns: 0

I had a great week…in my top 5 ever for highest sales.
Regarding the Free Returns debate, I don’t intend to opt in. To me, it’s not at all worth the $20-ish I’m getting for the final value fee TRS+ discount. And, although I have seen eBay state that TRS positively affects your placement in search, I cannot find anywhere where it’s even hinted at that TRS+ provides an additional boost. That would be the real loss, not the paultry FVF discount. If sales plummet, I can always reconsider. But to be honest my first thought was “Oh, Crap” and my second was “Yay! If I’m going to loose the discount anyways, I am definitely going back to 2 day handling”. It takes away the only part of this job that feels stressful…when the printer suddenly doesn’t connect to the computer, when the substitute mail guy reaches over my packages to deliver the junk mail and leaves the clearly marked Priority packages just sitting there, when the internet goes out, if the power goes out… Yeah, I’m definitely sitting this one out. I don’t do free shipping (except for some occasional First Class items) and I don’t do Guaranteed Delivery (even though I always ship next day) and I don’t do Promoted Listings (the whoever-pays-eBay-the-most-fees gets the most visibility policy). We’ll see how it goes.

Side note: I’d never heard of Lalique before and wanted to read up on it. RealorRepro.com has some good information, but beware: “Lalique marks are forged more often than almost any other marks on glass with the possible exception of American cut glass. There is such a huge variety of forged Lalique marks it is impossible to list them all.”

Side-Side note: My issue with FedEx Smartpost is not the initial discrepancy that occurred between what the customer paid and what my cost is. It is that packages that used to cost $12 are costing 4X that amount! Just for example, a 4# 15x15x15 box (not really that large or heavy) from OH to CA in the Shipping calculator is showing as $18.14 Parcel Select. FedEx Smartpost price $48.31 ($38.27 with the eBay discount)!!! Ryanne are you saying you are not seeing this crazy price increase?

02/25/18 – 03/03/18

Total Items In Store: 2,263
Items Sold: 21
Cost of Items Sold: $75 (around)
Total Sales: $612
Highest Price Sold: $50 (Vintage GI Joe)
Average Price Sold: $29.14
Returns: 0
Money Spent on New Inventory This Week: $ 358
Number of Items listed this week: 66

Sales volume was normal, but the average price was down a lot.

Mark

Feb 25 – March 3, 2018
(I have 3 ebay accounts and a poshmark account)
Total Items in Store: 882 + 512 + 195 + 1051 = 2,640
Items Sold: 42 + 10 + 10 + 5 = 67
Cost of Items Sold: estimated $250
Total Sales: $652 + $181 + $362 + 66 = $1,261.00

Highest Price Sold: $80.00 Lilly Pulitzer Dress & $65.00 Exclusively Misook Dress

https://www.ebay.com/itm/Lilly-Pulitzer-Lobsta-Roll-dress-Size-4-EUC-summer-vacation-resort-100-cotton/162887283856?hash=item25ecd6b490:g:lv0AAOSwsZJadgFU

https://www.ebay.com/itm/EXCLUSIVELY-MISOOK-XL-Dress-Solid-Black-Short-Sleeve-Sheath-Acrylic-Stretch-EUC-/162914585836?hash=item25ee774cec%3Ag%3AEmEAAOSwqbxaj0Qf&nma=true&si=wEYJffJFo7yV78%252BEPRmGfvdYEnA%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

Average Price Sold: $18.82
Returns: none
Money Spent on New Inventory This Week: $ 70
Number of items listed this week: 48

This past week I went to Goodwill and another local thrift store a couple times. I also went to a new to me auction but didn’t buy anything. I try to list 100 items a week but only listed 48. I’m feeling a little burned out on clothing but then I go to the thrift store and find St. John within minutes so it is hard to stop. I am trying to figure out where and how to source higher dollar vintage hard good items, next month I think I’ll try to buy my first table lot at the auction.

• This reply was modified 8 years, 2 months ago by KatieScott.

Flim Store Week 2-25 to 3-3-18

Total Items in Store: 1065
Items Sold: 46
Cost of Items Sold: $550.30
Total Sales: $2,911.90
Highest Price Sold: $700 (high end shoes)
Average Price Sold: $61.95/48.08 without highest
Returns: 3

It’s been a while since I’ve calculated my numbers the SL way. This past week was pretty crazy, generally good numbers and Saturday was close to $1000 in sales with the $700 shoe sale. The shoes were a bizarre find at my local kinda junky thrift. There were actually 2 pairs of high end shoes, both unworn, one new with tags. They cost $200 each at the thrift, so I was really taking a pretty big cost for 2 pairs of shoes. But retail was $1300-$1480 per pair. I have no idea why they were there, why they were unworn, but I figured I would take a shot. The other pair sold for $750 in January.

My Feb sales were really slow and I was getting nervous. March has been a big improvement. It also helps that I had access to a high-end cosmetics sale recently so I have a bunch of new higher end items for low COGS.

Re: spring seller update – I’m def going to miss the restocking fee. Since I have sell a lot of clothing, the restocking fee helps cushion the blow for expensive returns for fit. I recently sold a $780 dress (found for $26!!!!!) but just got the alert that she wants to return it. The restocking fee is $156. Not sure how I’ll proceed in the spring. Probably for used clothing I’ll have to eat the free returns – it will be hard to compete in that category without it.

“When you say “free” shipping on fixed price shipping”, do you mean on items that fit in a flat rate envelope/box? I assume you just add the cost of the shipping in the price?”

Yes, anything that is less than 1 lb (1st class) or that ships flat rate priority or media mail, I’ll include the shipping in the price. When researching what my item has sold for recently, I’ll evaluate shipped price, and price mine competitively. If items sell around $20 + $5 shipping, I’ll go $24.99 with best offer. Yes, it’s a game. People like to see “free shipping”. I think they know it’s included, but there’s something psychological about not paying something additional.

I sold my old iPhone 7 Plus this week for $500 with free shipping. I shipped Priority with insurance and signature confirmation. Did not factor that into the price. I’m not going to squabble over $20 on a $500 item.

Week of February 25 to March 3

Total items in store start of week: 264
Total items in store end of week: 270
Total sales: $183.98 (does not include shipping or cancelled items)
# items sold: 3
Weekly Sell Through Rate: 1.11%
Average Sales Price: $61.32
Returns: 0
Cancellations: 1 for $40
Unpaid Items: 0
# items listed: 9

A slow week was salvaged by the sale of a few high priced items. The best being a vintage backpack for $120. I was happy to finally managed to break the 270 item level.

This weeks total items listed goal: 280

Great to hear about everyone’s week. Here are my latest #s:

02/25/18 – 03/03/18
Total Items In Store: 772
Items Sold: 29
Total Sales: $1,193.65
Cost of Items Sold: $57.43
Highest Price Sold: $264 – Rigol Portable Digital Storage Oscilloscope (commission sale, put on sale, w/free ship)
Average Price Sold: $41.16
Returns/Refunds: 0
Money Spent on New Inventory This Week: $93.66
Number of Items listed this week: 0 (traveling)

Solid week, and was able to move some long-held items. I’ve put a small sale on a lot of those, and am considering following ChristineR’s lead and putting other long-held items (and perhaps bad early buys) on auction. It’s Spring cleaning that ensures sales/income on a set day, and keeps my limited space primed for better items.

Appreciate all the BOLO advice I’ve encountered…a great recent sale that will go in next week’s #s is a vintage brass wire soap dish, the kind that hangs over a claw foot tub, for example. Picked it up for $10 at an estate sale, and sold it yesterday for $125. I love old stuff.

@simplicio – a USED neti pot for $140??! Was it jewel-encrusted? Wowsa. Love it.

Feb 25 – March 3
Total Items in Store: 1376
Items Sold: 25
Total Sales : $850
Highest Price: $150 (Authentic Heavy Duty Licinio Chavez Sombrero Hat)
Average Price: $34
Returns: 0
Cost of Items Sold: $70
Costs of Items Purchased this Week: $0
Number of Items Listed this Week: 40

Another pretty solid week of sales on my end. But I’ve been slacking a bit lately with listing. I’m getting into my busy time of year at work so I’m putting in more hours and coming home exhausted. That on top of lots of stuff going on in my personal life just makes it hard to get into eBay as much as I would like.

I got my taxes back from my CPA. It turns out I owe less than I thought I would. I made a total of $34,000 in sales. I spent $16,000 in expenses (shipping, fees, mileage, supplies, internet and rent deductions) and $5,400 on COGS and about $750 in returns. That left me with a Net profit of $11,600. Subtracting my refund from my day job, I owe $2,700 state and fed combined. (These are all very rounded numbers). My CPA charged me $250 to take care of all my tax things. Not bad for my second year of selling on eBay. Though looking at my numbers, I don’t think I’ll be able to make it to my year’s resolution of $40K Net Profit. Maybe $25K would be a more realistic number.

As for all this commotion with the spring seller update, I kind of have to say that these changes make it appear that eBay is focusing more on high volume businesses and are forgetting us small-time sellers. The new store size category can tell you that much. It’s sad to think that they’re forgetting their roots and seem to only have their eyes on profits. Like you said, it’s probably just a bunch of MBA business people coming up with these plans to benefit the company. They’re out of touch with the likes of us. Like many of you, I’ll try out the free returns to see if it works for me. I don’t get very many returns anyways so it might not make a big difference. But I don’t expect to make more sales either. The nixing of the restocking fee is a bummer too.

Week of 2/25-3/3
Total Items in Store: 1,886 (Up 32% YOY)
Number of Items Listed: 42
Number of Items Sold: 69 (Down 16% YOY)
(Includes 2 Etsy, 0 Bonanza, 1 TrueGether)
Weekly STR: 16% (Down 9% YOY)

Total Product Sales: $1,804 (Down 4% YOY)
Cost of Items Sold: $372
Highest Item Sold: $100 – Vintage Texas Eagle Black Inlay Leather Cowboy Boots
Competition: Highest Priced Sale: Veronica wins the week and Troy leads the year at 5-4.

eBay Clothing
# Listed: 1,145
# Sold: 41
STR: 15%
ASP: $22.50

eBay Shoes
# Listed: 114
# Sold: 7
STR: 26%
ASP: $57.05

eBay Hard Goods
# Listed: 627
# Sold: 19
STR: 13%
ASP: $22.96

Etsy Hard Goods
# Listed: 139
# Sold: 2
STR: 6%
ASP: $32.36

February 2018
Number of Items Listed: 318 (Forecast: 400)
Number of Items Sold: 243 (Forecast: 375)

February Sales Breakdown:
eBay – 248
Etsy – 3
Bonanza – 2
TrueGether – 2

Monthly STR: 14% (Forecast: 20%)
Monthly ASP: $25.22 (Forecast: $18.94)
Total Sales: $7,699 (Forecast: $9,243) – Increase of 21% YOY

The discussion of “slow” sales triggered how we discussed sales in my old industry. When they weren’t as good as we wanted, sales were said to be “soft”. So you week isn’t “slow”, it is that “sales were soft”.

Regarding the discussion of “retail standard” on Free Return Shipping, the more I think about it, free returns IS a retail standard. Many of us compare to Amazon, but if we think bigger than that, we realize that Brick & Mortar stores are free returns to the buyer. Platforms like EBay are not just competing in the online space, they are competing in the Retail Space. Shoppers can return items back to Wal-Mart, Target, etc. all the time. If we want the advantage of being able to reach more buyers that at a Brick & Mortar store, we will sometimes have to have the disadvantage of paying for return shipping. Really thinking of ourselves as competing in the Retail Space, not just eCommerce, is making many more business decisions clearer.

Store Week 2/25/1 8- 3/3/18

Total items in store: 1618
Items sold: 25
Cost of items sold: $37.26
Total sales: $854.12
Highest price sold: $125.00 (Rotary dial phone)
Average price sold: $34.16
Returns: 0
Money spent on new inventory this week: $38.73

Thanks for another great podcast. I hadn’t checked out the spring update yet, and I’m kind of bummed to learn the news of the free shipping thing and the loss of restocking fees. I know I can just add the shipping onto the price of the item, but I’m not always great at figuring out what it’s going to cost since I won’t know where the buyer is. So I guess I will either keep doing what I’m doing and lose that discount, or get studying! Like you said, it will be fine in the end.
Last week was MUCH better than the previous week, and I was happy to sell some hig
her priced items. I’ve been really happy lately that I do have quite a few lower priced items, since that is pretty much all that’s been selling. It does add up!

Was thinking more about my position on free shipping and free returns, and I guess it doesn’t bother me as I don’t sell items that are a high risk for returns. Sounds like clothing and shoes are a different story (doesn’t fit, don’t like the color, etc).

I do charge for shipping on rates that vary by distance. I used to be all in on free shipping, and would get best offers from the other side of the country that I would accept if the buyer was closer. So now I only include shipping on rates that are the same to CA as they are to NY. At the end of the day if someone is sending me $25 for me to ship them my item, I don’t care if my listing was $20 + $5 shipping or $25 with free shipping. But I can see if you get frequent returns, why you wouldn’t want to include shipping. My separating it out, you can refund only the purchase price. Makes sense.

All of a sudden Ebay is clicking for me. Not selling that much, I think it was $165 this week, about $250 last week. But I’ve done a few things right
1 Every week I try to have more listed. Even if it’s only 1 or 2. And I don’t beat up myself if I am lower cuz I had a lot of sales. Currently around 350
2 I found the listing date button. Looked at the oldest items. I have clothing items from 2015! Not cool things, but old Ralph Lauren shirts, Chico’s tank tops, J Jill pants. Every few days I lower the price. And lower it again. And again.
3 It’s starting to walk out the door. Not for a lot, but it’s going. These are the Wouldn’t-Buy-It-Again items, not the cool long tail items. Baseball hat for $9, Tommy Bahama for $17, 3 Chicos pieces for $20
4 I looked at some items in detail and found errors. Had one butter mold with pictures of another. Got it right and sold in 10 days for $75.

I have a small store of 200ish items. Been a TRS+ since it was invented. Right now I’m about 80% clothing, shoes and accessories, but with the race to the bottom in those categories, bit by bit, I’m transitioning to this/that.

Over the past six months or so, I’ve been doing mostly free shipping with a 20% restocking fee and my CS&A return rate is about 4-5%. Ironically, instead of the upcoming changes prompting me to be more buyer-friendly, I’m heading in what Ebay likely views as the opposite direction. Won’t be doing free return shipping, which means no more 10% FVF discount, therefore, no reason to knock myself out with 1-day handling either. In light of Ebay taking away the restocking fee, I won’t be doing free outgoing shipping either. We’ll see if sales crash. I’m not expecting that they will.

Now that I have had a chance to listen to the podcast, I’ll chime in with my weekly thoughts beyond the numbers, which I already posted above. First off, I am that person who has truly and actually managed to butt dial in a purchase!!! It isn’t that hard to do as it happens. I was looking at another seller’s tennis shoes. Then somehow in setting down my phone, I managed to click the buy it now/immediately option. I quickly reached out to the seller and he canceled the sale, thank goodness!!!

I look on in awe at the numbers folks are putting up relative to their inventory. Then it struck me, I’m paying sooooo little for COGs that I’m ending up with too many low dollar items. Yes, I may occasionally luck on to a vintage waffle iron that I can clean and flip for $75 or so, that I only paid 30 cents for, but that’s more often overshadowed by the curling iron I pick up for the same price and can only sell for 10.

In an effort to really raise the bar, I went to an auction last night and laid out almost 800. Some highlight purchases: Brand New still in packaging 4 piece Hartmann Tweed Luggage Set; 4 enormous panels of Barkcloth lined pleated drapery; a huge lot of mid-century nautical cotton lined drapes and table cloths with cool graphics, a large lot of sterling and gold modern jewelry, a large lot of crystal including waterford, a primative hand loomed bed coverlet, an antique tribal prayer rug, and a walmut breakfront (that one is for me).

The jewelry experiment hasn’t worked out just yet. still biding my time there.

I used $20 & $5 as an example. I do sell very light items, most ship first class. I don’t factor in shipping to some set price I want. I price at what it appears the market is paying, including shipping. I have some trucker hats, and if a certain one shows a history of selling for $10 + $5 shipping, I just price at $15 free shipping.

I think that just like “free shipping” is a psychological benefit for buyers, seeing shipping separated out is a psychological benefit for sellers. Feels like we’re getting X dollars for our item, and the buyer is paying shipping on top of that. We pay FVF’s on the total amount.

Hope I don’t sound like I’m trying to persuade anyone to use free shipping, just discussing why I use it. It may not generate any more sales, but I figure it doesn’t harm anything either. Some of the benefits to me include:
If actual shipping is less, don’t have an angry customer leaving negative feedback because I overcharged for shipping
Get automatic 5 stars for shipping costs
Get “Free Shipping” added to my listings, and people may filter on that
Maybe increased exposure in Best Match?

But you’re absolutely right, it’s not free. Just included in the price. And only works for me when shipping cost is flat across the country.

Interesting about the $500 buyout of a seller. I see eBay sellers advertising that they’re liquidating sometimes, but assume they’re going to want too much for their items. I liked one of Jay and Ryanne’s podcasts a while back about increasing ASP. I’m ready to start shelling out more money for items, to make more per transaction. Paying $100 for an item I can sell for $200 doesn’t have the profit margin percentage of a $1 item sold for $20, but it’s $100 made in one sale. The hard part is finding items like that. 🙂

It was really fun to hear about your sale of vintage Nike shoes to someone in Nike. The Nike campus is less than half a mile from my house and I have several friends who work at Nike. They are doing massive construction to the Nike campus and adding several more buildings and my best guess is that your shoes will end up on display in one of the buildings or perhaps in an executive office. The largest of the buildings being built is going to be named the Serena Williams building and will be over a million square feet and the largest building on campus. That’s a lot of display space to fill!

Because of your caller I checked my buyer restriction list (blocked bidders…buyer requirements)

I don’t even remember setting these up but…I would recommend taking a quick look… I had restrictions on multiple purchases checked.

among those restrictions were….

Block buyers with a minimum of 4 policy violations or more in 1 month….. what violations would these be that you get 5 strikes before you are out.

….then I noticed that there was an option to block buyers with a negative feedback score starting at -1 or lower. ? How relevant is this.

Thanks for all you do!

Is anyone else having trouble accessing many parts of my.ebay.com?

Well, a mini-experiment gone wrong to the tune of $35.36! I haven’t gone through and raised all of my flat shipping charges on my 900 listings this year after the shipping costs (FedEx SmartPost especially) went way up. Because I’m tired of eating the difference and losing profit as a result, I finally decided to try shipping shoes–specifically a pair of Dr. Martens open back sandals–in a Padded Flat Rate Envelope. If those of you who successfully ship shoes that way have said in the past to wrap them in bubble wrap or protect them some other way inside the envelope, I must have missed that bit of advice. I didn’t add any protection except to seal them inside a plastic bag. The buyer got them, sent a photo of the damage to the insole at the heel of one of them, and rightfully asked for a refund. Back to shipping in a box I suppose! Do you all think I can make a claim with USPS for the damage caused in shipment? Any advice would help, thanks!

Jay is always saying it is so cheap to list stuff on eBay, but after the spring seller’s update goes into effect for sellers with a Basic store listings in excess of the 250 free listings each month will cost $0.25/each. The Anchor stores are $0.05/each so this is a huge difference. I realize the Anchor store owners pay considerably more for the store fee, but this is a huge difference. Previously, it was $0.20/listing over the 250 listings and I thought that was high.

I am reviewing my store and cleaning out or combining some of my listings that aren’t worth the $0.25/month fee. Thus is sad. :(

Well put So Cal Joe,
I would just like to add that just as the top paying tenants have a strong voice when renting and can draw the line with the management and/or owner as to what will and won’t be accepted, so can those who have the title Top Rated Seller and Top-Rated Seller Plus. draw the line with eBay. This thought of just accepting what they hand down does not do anybody any good. eBay is watching out for themselves as a corporation, so why can’t sellers watch out for themselves as those engaged in the practice of business? What is status quo is only so because it is accepted to be as such without being challenged. While there are many business practices at play that seem to “make sense” because other businesses engage in it, it does not mean that Top Rated Sellers could not make their voice be heard as to the negative impact the increase in fees and store rates along with the mandate for free returns in order to be a Top Rated Seller is going to have on sellers. eBay watches out for their bottom line and so should sellers regardless of their status.
Based on what we have already seen, if Top Rated Sellers decided to voice their opinions as a group, eBay would take notice. They are not going to risk losing Top Rated Sellers if enough are saying the same thing. As many Top Rated Sellers on SL know, Top Rated Sellers bring in thousands and thousands of dollars for eBay just on fees alone. While ebay may not care about losing small time sellers, they know it takes time for people to build up and maintain a store let alone earn the title of Top-Rated Seller status, so they are not going to be to quick to see Top Rated Sellers leave. Moreover, eBay knows that the Top Rated Seller status brings buyers to the platform. If those with Top Rated Seller and Top Rated Seller Plus status loose their status and/or decide to leave, it would have a strong negative fiscal impact on ebay. The “benefits” ebay is extolling by making the changes are actually just deficits carried by the exact people who make them money every hour every day.

Re: “MBAs behind desks”, I’d like to add a little clarity as to what actually goes on, as my previous life was as a product manager in silicon valley, which means I was one of those people deciding what software features get built next. But I didn’t work for a consumer-facing company like ebay. My customers were datacenter managers.

Anyway, those MBAs are absolutely NOT behind desks. They are on planes and on conference calls. They talk to customers constantly. Typically the big customers. They understand what these customers want and try to get it for them. One of my big customers was ebay, and we spent a lot of time with them, hearing how they use the product, all their ideas for improving it, etc. I had regular biweekly calls with a small group of large customers to go over our plans and get their feedback. I have no doubt that the product managers at ebay are doing the same.

So the problem is not that they are behind desks coming up with ideas out of thin air, but rather that they’re focusing on users other than us. Or, perhaps not enough of us attend their user events? I don’t know how to get them to focus more on us. We know they run focus groups – are those just for buyers?

Now, there IS definitely pressure from the very top (ie, CEO and board), to come up with “big things” that “move the needle” – ie, move the stock price up. And none of our wishlist items fit the bill. So you’ve got that part right. I always hated that b/c I really wanted to just fix all the little problems once and for all before building the next huge feature, but it’s hard to keep the super smart engineers at the company if you’re just working on usability fixes. I could go on. But I’ll stop myself.

Interestingly, last night I was deleting some listings that haven’t sold (due to upcoming $0.25/item/month fees in spring update over the basic store allotment). I also consolidated some listing to reduce my item count. This morning when I checked eBay I had received a message from eBay with a list of my items. It stated, “Lower the price by 5% on these items in shoppers’ carts, and we’ll email them to say their deal got better.”. I had never seen this message before. I have to wonder whether I triggered some action at eBay because I deleted several listings. I didn’t know that eBay would message buyers to inform them that I had dropped the price on certain items. I am wondering whether this is a tactic by eBay to have me drop prices instead of deleting listings.

I have no proof of course. It could very well be a coincidence.

First Sales Posting; hope I’ve done it correctly!

Store Week 2/25/18- 3/3/18

Total items in store: 125(ish)
Items sold: 29
Cost of items sold: $46.08
Total sales: $527.89 (includes shipping)
Highest price sold: $49.95 (Vintage Playmobil Patio Furniture #5323 – NIB)
Average price sold: $18.20
Returns: 0
Money spent on new inventory during week of 2/25 – 3/3/18: $109.00

Again late to the thread this week (very busy in my full-time job) but here are my February monthly numbers:

37 sales (including my first Bonanza sale!)
$ sold (minus shipping): $743.66 (goal $1k)
Per sale average: $20.10 (goal over $25)
cost per item average: $4.36

Items in store peak for month: ~510 (but only 385 listings)

Returns: 0

Biggest sale: Pair of unmarked Copper Wall Sconces $55

Even lower sales than January, but there were four less days of selling also. My sourcing score of the month were four 1970s strategy military games, bought them all for $16 at a Goodwill and expect them to sell in total for around $300! Two of them are in unused condition! Hopefully will list them this week.

I listed a bit this month, and got up to over 500 items (!) for the first time but that was mainly due to 3 listings with multiples, including hardware (thanks to advice from scavengers!) and postcards. Need to get some solid listing in over the next two weeks as I’ll be out of town for five days at the end of the month.

SoCalJoe – well said, Ebay definitely is not my BFFE. There revenue growth rate over the last 5 years is 5.5% which is about the same as walmarts. They are currently trading at 18X free cash flow. I like selling on their platform for now but if i had to get involved in their stock it likely would be a short so i would hold off on labeling then a good business and time will tell if these decisions are good for their own self interest or not. Full disclosure – i am definitely not a shareholder.

(reposting because his edit deleted the post)
So Cal Joe wrote:

Ebay is in a very advantageous position. They own the platform and right now it is the platform of choice. Amazon has been pushing out the small seller and the selling APPS are way behind the curve. Who knows, maybe Poshmark or Etsy will close the gap, but right now it’s Ebay.

Being in the business to make money, they are going to exploit this advantage for as much as they can. I am sure they know we want from them. They have to know we want a mid level store and are not happy about all these changes being thrust upon us.

The reality is that our wants and needs are not important to them right now.

Like any good business, they are going to push us as far as they can and just watch the numbers. If enough people leave, they may alter their policies. In this current environment, they are the land owners and we are the share croppers.

An apartment complex at full capacity will raise rents until there are vacancies. Storage units also do this. It is a successful business strategy. In essence, Ebay is doing the same.

I don’t expect things to change in the near future. maybe it’s time to try other platforms. People seem to be happy with Etsy and Poshmark. It is all a choice.

What Ebay is doing is not evil or dishonest, it’s just business. If they lose loyal customers, who have been with them for decades. it’s the risk they run. They are making that choice, the same way we can choose to leave or stay.

I have no illusions regarding Ebay, like I have no illusions regarding my cell phone company.

We all have to do what makes sense for each of us.

Good luck.