Home › Forums › Hello, Who Are You? › Hello from Florida
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Jay.
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11/01/2017 at 3:49 pm #24712
I’m Chris and I live in coastal FL. I’m married with kids and Ebay is my full time job. Once upon a time I was an engineer, but I definitely didn’t love it. I’ve been selling for about 15 years off and on, and at this point I mostly sell vintage hats (like trucker hats, etc.). I’ll sell pretty much anything that I can find free or cheap though. I mainly source from the Goodwill bins, junky thrift stores, curb trash piles, estate and yard sales. Otherwise, I’m a travel hacker and a frugal scavenger working towards financial independence. If school is out, we’re traveling and I’m scavenging wherever we are 😉
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11/01/2017 at 4:52 pm #24715
Welcome!
How much of your sourcing is from the GW bins? I went to the one in Denver once, but it is not my cup of tea. It is great from a cash perspective (as I would think most items are a 10x (pay $1 and sell for $10), but I’m not sure how fast these items move and if the cash return per hour is worth it (both aggravation at the bins and time to list).
What is your experience? Is my perspective incorrect (low dollar commodity items that sell for $10-$18)?
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11/01/2017 at 5:37 pm #24720
No, for the most part I think your perspective is correct. I’m not looking for clothing or commodity items though…I’m looking for old hats. They are light and cheap, and some of them do really well. Granted, I have my fair share of $10-$15 hats in those batches that I pull out too, but there are always some winners. The bins are quite an experience though. I really have to psych myself up to go. There are some regulars in there who would elbow their own child in the face to get to a pair of Nikes first. It’s off-putting to say the least.
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11/01/2017 at 5:42 pm #24722
Gotcha!
I know that there is some value there, but yeah, I didn’t like the experience. I love the garage sales, even though the amount we find per hour is a little less, since I like the interaction with other people. The regular thrift stores don’t bother me, as I just get in a zone and treat it like investing…looking for the good value where others have missed it. And though they can get full on 50% off days, it just doesn’t bug me. If I have to, I put in my headphones and listen to podcasts and go to my own world for a while.
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11/01/2017 at 5:53 pm #24724
Yeah, I definitely don’t love the bin experience either, but it can be productive for what I’m looking for. I can’t be bothered to look through the clothes bins for the most part though…I don’t feel like weeding through piles of stained Forever 21 clothes to find one treasure. Garage sales are plentiful where I live, but yet they are also hit-or-miss. I live in a unique area though, where Wal-Mart stuff is apparently highly prized at yard sales and thrift stores while midcentury modern furniture and accessories end up on the curb or in the dumpster! Estate sales can be good here, particularly ones run by families themselves instead of by companies.
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This reply was modified 8 years, 7 months ago by
ChristineK.
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11/01/2017 at 5:56 pm #24727
Amazing how different areas price differently. When we were in Phoenix, I found some cold weather type clothes that were dirt cheap because they had no idea…I would never find them cheap in Denver!
Yeah, I get worried about yard sales sometimes when there is all Walmart/Target stuff for sale…
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This reply was modified 8 years, 7 months ago by
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11/01/2017 at 6:07 pm #24728
Right now that’s all I’m finding at yard sales…well, that and holiday decorations. It does worry me when suddenly that’s all I see at yard sales. I have no interest in even cheaply-priced commodity items unless it’s something I need for my family. Winter stuff is definitely cheap here. I always laugh when people are selling their winter gear at their yard sale…snowboards and winter gear just aren’t big sellers here no matter how cheap!
The yard sales I really like are the “grandma/pa went to the nursing home” type sales. I love vintage stuff! I haven’t lucked into any of those sales lately unfortunately, but hopefully it’s just a matter of time.
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11/02/2017 at 7:45 am #24808
Welcome!
–Is your store mainly trucker hats?
–How many items are in your inventory?
–whats the average price you sell the hats for? -
11/02/2017 at 8:45 am #24817
Yes, my inventory is about 70%-80% hats/vintage snapbacks. I average between 800-1100 listings at any given time, with some listings being mostly other random vintage stuff that I find. Average price is $14.95 with free shipping (sometimes less if I put on a sale), but I have a fair number of outliers on the higher end also. I’ve sold them as high as $80 for rare country club/golf club hats. I tend to avoid anything sports related (other than golf) because those just don’t interest me and they are too mass market in my experience. I seem to sell pretty consistently at about $600-$800 a week, although this week has been slow. The inventory comes mainly from the goodwill bins and box lots at estate sales and yard sales, and I try not to pay more than $1 a hat unless it’s something I know will go high.
Someone at the goodwill bins told me that there is an auction area at the goodwill locally where you can bid on boxes full of specific items (hats, belts, ties, etc.) so I’m looking into that also. I’d love to just be able to pay a set price for a large box of hats and then go through them at home…much nicer than dealing with the crazed regulars at the bins!
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11/02/2017 at 5:11 pm #24856
–If you sell between $600-$800 a week in hats, then you sometimes sell 54 hats a week.
–If you sell a hat for $15 + free shipping, you make about probably $12. Minus the $1 for the hat. So about $11 a hat?
–So you can net about $600 before eBay/Paypal fees.If this is all true, thats impressive. We used to sella lot of trucker hats, but we obviously are now just priced too high. We used to be able to sell a hats for $20-$40. At $15 + free shipping, we cant compete. You’ve certainly found a good niche.
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11/02/2017 at 11:03 pm #24876
I, too, hate the Walmart/Target/Forever21 yard sales, but I’ve had some luck at them recently, so I’ve decided not to knock them as much anymore. At one, amid all the commodity crap, was a lightly worn pair of Vasque hiking boots that I purchased for $5 and sold for $88 (Thanks, Steve S – but these on my BOLO list after seeing them on your videos). Then, at another “crap” yard sale, where I was getting annoyed at how far I drove to get there, I found a pair of what turned out to be genuine fur after ski boots – for $5, sold for over $100. Then there were two others where I got like new doc martens (one pair at each) for $3-5 each. So, I’ve decided to try to just scan everything quickly, keeping an eye out for the 1-2 possible treasures, and try to zone out the crap.
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11/03/2017 at 7:14 am #24893
That is how we do it! You never know what you may find…
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11/03/2017 at 3:40 am #24880
Welcome Chris. How do you ship your hats?
I have about 50 hats listed, but always wonder how others do it. -
11/03/2017 at 6:23 am #24883
That volume sounds a little high. I’d say I average 75-100 hats a month. They are the majority of my sales. I do sell some other stuff in there too. I have seen a decline in what I can sell hats for in about the past year (with the exception of the special ones). $14.95 is about my standard hat sale, and sometimes I also put them on sale. I do free shipping because when I’ve added shipping it seemed like my sales volume declined. I have a fair number of outliers, although lately those seem fewer and farther between so I think your assessment that the days of $20-$40 trucker hats may be gone. I used to have outlier hat sales pretty much daily, but that is definitely no longer the case. Sourcing is becoming an issue for me honestly. Sometimes I go to the Goodwill outlet and there are a ton of hats, but sometimes I go and there are none or just a few. Same with yard sales/estate sales. I’ve had great luck and then dry spells in terms of sourcing, which is why I’m trying to branch out. Hats are just so easy to list and ship though.
Are you paying a high price for your trucker hats or are you getting them out of box lots for cheap? If it’s the latter, why not just try an experiment to reduce them to $14.95 (or whatever price you’re comfortable with) and see if they move? The volume makes up for the price reduction if they suddenly start moving. I wouldn’t do this if I paid like $5 a hat or something, but if you’re getting them for 99 cents a pound or in a $5 box lot it’s not a huge loss to move a bunch of them for a lower price.
In terms of shipping, I use both polymailers and boxes. The hats that are slouchy with no firmness to the front of the hat go in a polymailer. The hats that are more stiff on the front and could get squished go in a box. I aim to keep the box under 8oz hat included, but that’s not always possible. Some end up as high as 12 ounces. They always ship first class though.
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11/03/2017 at 6:45 am #24886
Yep, we get our hats cheap. I have no doubt if we did 14.99 + free shipping that our hats would sell quicker. But then we’re getting into the game of selling items for $10 or less after all the fees/shipping.
Even though hats are easy to photo/list/ship, we would rather find items that will make $30-$100. Often these items may only take a little bit longer to photo/list/ship. The $10/item business feels too much like a grind to us.
We may just have to get out of the hat business!
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11/03/2017 at 6:53 am #24888
I totally hear you! Sometimes I feel like I’m shipping out a lot of items a day to only make $100 that day. Hats are easy to ship though, so overall I can’t complain. I’m always happy for higher dollar sales on anything though, hats or otherwise. I just did my numbers on the podcast thread, and I sold 74 hats in Oct. Surprisingly, they were not the majority of my sales last month, but it was an odd month in that a friend let me come take what I wanted from a house she was “trashing out” to flip. There was a lot of good vintage stuff in that house free for the taking. I’ve also been having an inventory dry spell in terms of finding my usual volume of hats to list. Fingers crossed that this turns around soon. I’ve been investigating auctions as a possibility, but we don’t really seem to have any worth going to around here. I may have to try the flea market a few towns over. I’m wide open to suggestions of other places to find box lots of hats for cheap.
From your post above, I wanted to say that I sell between $600-$800 a week total. Hats are by far my biggest category of sales, but I’m not selling $600-$800 of hats alone a week.
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This reply was modified 8 years, 7 months ago by
ChristineK.
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11/03/2017 at 6:57 am #24890
If hats are working for you, dont give up on them. I just saw your numbers and you do very well! Are hats the majority of your 1000 item inventory?
I wouldn’t count out auctions till you’ve visited four or five in your area. Some auction houses are dudes because they don’t source good estates. But in every region, people are dying and he families need to clean out the house. This stuff has to go somewhere.
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This reply was modified 8 years, 7 months ago by
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11/03/2017 at 7:05 am #24891
Thanks!! Yes, hats are about 70%-80% of my inventory at any given time. I’d sell just hats if I could find enough reliable inventory, but that just isn’t happening for me lately. Maybe I’m not searching correctly, but I can’t seem to find auctions in my area beyond one that just looks like pure junk from the pictures they post on facebook. Maybe there are more in cities an hour away. Really though, I live in God’s waiting room here in coastal FL. You’d think auctions of estates would be a dime a dozen here! I do find estate sales, but so many are run by the same companies that just massively overprice everything. I try to go on the last day and sometimes I do well with that.
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11/03/2017 at 7:11 am #24892
–We’ve heard from other sellers that focus on only hats puts ads in CL. They buy out hat collections from guys who have hundreds of hats collected over the years.
–Dont judge auctions by the photos online. Often it does look just like tables of junk. Only in person will you see the possible treasures. Plus its a fun afternoon/evening of community.
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11/03/2017 at 7:27 am #24895
Maybe I’ll give the auction a try then. It’s weird. The stuff they put out every week on Facebook is nearly the same as the stuff from the week before. It looks like they don’t move much. Well, the only way to find out is to go to it I guess!
I’ve though about putting ads on CL…my husband didn’t think it would work, but I think it’s worth a try. At this point I’m willing to try anything that would net me a lot of hats at once and reduce the running around to bins and yard sales. I would need him to go with me to pick them up though for safety reasons. If I could get hundreds of old hats at a whack it would be totally worth it though!
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11/03/2017 at 7:43 am #24897
Yep, if one auction is junky, try another. Some of the best auctions arent technically savvy enough to put stuff online. Those are the family run auctions that have been around a long time. They havent changed how they do things in decades.
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