This week on the forum we had another long discussion about the best way to sell on eBay. Is it wrong to let items sit in your store too long? Should you end all your listings every 30-days and re-list as new. Should you focus on listing new items or keep updating old items until they sell? It’s same old “fast nickel vs slow dime” debate. Obviously the answer is whatever works for you. Many of us use a combination of strategies.
Ultimately there are three qualities of an item that make for a successful store:
–find cheap inventory that you can find again and again
–that sells quick
–and makes high profit
It’s very rare to find items that fit all three of those qualities on a consistent basis. For us, we can usually scavenge items that meet two of those three criteria. We find items that are inexpensive to buy and will make a large profit, but they usually just take time to actually sell. Other sellers may pay higher dollar for items that sell quickly, but they don’t make large profits. These are all good questions to ask of your own selling strategies. Some of it we can control. Some of it we have little control over and is constrained by what we find when we’re scavenging.
We mentioned the eBay 2017 Summer Update. Nothing in it that we’re too worried about. As always, we just wait and see how things roll out.
Hope you had a good week!
Our Store Week May 7-13, 2017
Total Items in Store: 5,469
Items Sold: 49
Cost of Items Sold: $254
Total Sales: $2,473.08
Highest Price Sold: $400 (vintage Danish chairs)
Average Price Sold: $50.47
Money Spent on New Inventory This Week: $20
Number of items listed this week: 15
Sold 1 items for $67 (dress)
Total Items in Store: 1303
Items Sold: 10
Cost of Items Sold: $24
Total Sales: $317.38
Highest Price Sold: $89 (vintage wingtips)
Average Price Sold: $31.78
Number of items listed this week: 0