Last week we had a discussion on the forum about how free shipping might be a accelerator for sales. We’ve always been clear that we find the concept of free shipping to be a bait and switch since sellers always raise the price of the item when adding free shipping. I guess it’s just a psychological advantage? Who knows.
But in the interest of Scavenger science, we started an experiment. We now have 1300 items with free shipping now. Mainly anything under a pound that can be shipped cheaply like ties, scarves, shirts, and hats. We raised the price of these items by 10% to cover the extra cost. The result? Over the past week, we have sold no more of these items than we normally would have. So far, free shipping hasn’t attracted more buyers than usual. We’re going to let the experiment keep running it’s course. You can also follow along with ShortandStout who is also running a free shipping experiment that’s even more scientific than ours. Only real data will answer this debate once and for all.
In other news, we’ve had a long week of scavenging expensive doors and furniture from the city for our new rental. We got some solid wood doors and kitchen island, saving hundreds of dollars. We plan to buy as much as we can on Craigslist. West Elm and Restoration Hardware are our current favorite keywords to follow.
We had another good week on eBay. We hope holiday sales continue to into January. Hope things went well for you too.
Our Store Week Dec 11-17, 2016
- Store #1
- Total Items in Store: 5186
- Items Sold: 52
- Cost of Items Sold: $115
- Total Sales: $1,936.94
- Highest Price Sold: $190 (Quimper jar)
- Average Price Sold: $37.24
- Returns: 0
- Money Spent on New Inventory This Week: $30
- Number of items listed this week: 161
- Sold 0 items for $0
- Store #2
- Total Items in Store: 991
- Items Sold: 8
- Cost of Items Sold: $15
- Total Sales: $461.11
- Highest Price Sold: $250 (Vintage firewood holder)
- Average Price Sold: $57.63
- Returns: 0
- Number of items listed this week: 0