Ryanne and I have been in NYC all week enjoying the beautiful spring weather. The city only has small blocks of time when the weather is perfect: not super cold, not hot + humid, so we feel lucky to have timed it perfectly. As I write this, Ryanne is packing boxes of items we found on the street to send back home for resale. It’s a nice system where people leave good items on the street instead of shoving in trash bags.
It feels we’re in another weird economic time as everyone waits to see what post-COVID world looks like. As scavengers we’ve learned to find deals that other people overlook. It’s the classic tactic: when stocks are low, buy. When everyone wants to buy a house, don’t buy a house. Buy the things that no one wants. We’re always looking to see what’s undervalued and will be valuable later. When we’re scavenging for junk to sell, we like to buy the cool items that no one else is buying. Or even better, find stuff on the street that are one step from the land fill. With a long enough time horizon, we know we’ll make money.
While in NYC, we started using the app, Too Good To Go. It lets us buy leftover food from grocery stores and restaurants for cheap. It’s been fun to try out different restaurants for $5.99. Some places really load us up so it’s multiple meals per order. Assume this service is just in big urban areas.
Our eBay store has been on Time Away the past 10 days so probably reflects in our numbers.
Our Store Week May 15-21, 2022
Total Items in Store: 8552
Items Sold: 17
Gross Sales: $944.79 (including eBay fees, shipping, and taxes)
Net Sales: $755.89 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $25
Cost of helpers: $80
Highest Price Sold: $150 (designer watering can)
Average Price Sold: $44.46
Money Spent on New Inventory This Week: $0
Number of items listed this week: 50
(Your numbers can be found here: https://www.ebay.com/sh/performance/sales)