12/05/2018 at 10:53 am #52707
- Location: Texas
… list at least 2 items per business day. NO EXCEPTIONS!
… go for a one mile walk every business day. NO EXCEPTIONS!
… deposit 10% of my monthly earnings into a savings account.
… spend at least one hour every Monday working ON the business instead of IN the business.3+
12/05/2018 at 11:12 am #52714
- Location: Florida
… Quit my regular job and go full time eBay in June
… Go for a one mile walk every business day. NO EXCEPTIONS!
… Expand my selling market (intsagram and poshmark possible?)
… Make a list of every good thrift store and their days/hours of operation…within 50 mile radius1+
12/05/2018 at 11:25 am #52718
- Location: Texas
Oooh… I like the last one! That’s a great idea! May I add that to my list too?
Good luck on going full time.0
12/05/2018 at 2:19 pm #52743
Here’s my list of what I’m doing different in 2019:
-I currently only track the cost of goods, shipping supplies, postage, and fees – need to start tracking mileage, and all expenses before I go full time
-electronically store my receipts for purchases
-I want to have 1000 listings by end of April (currently hover around 200-250)
-I need to sign up for a store subscription (challenge is I sell on eBay.com and eBay.ca – need to determine the platform, or both, or use multiple accounts)
-learn to use the iPad Santa is bringing me, and what is more efficient to do on it vs. a computer
-start fresh in 2019 (planning on doing this when I’m off work between Xmas and NYE) – clean out all the stagnant items, re-organize my work area. I’ve already bought bins (thrift store finds), vinyl pockets to label the exterior of the bins (another thrift find), and cutdown on the number of different boxes and envelopes I use (3 of each).
-start selling the odd fun oddball items that I like – someone else may also like old bowling trophy ashtrays?1+
12/05/2018 at 7:58 pm #52758
1. I will not marathon source anymore in 1 day if I can avoid it. I need to break it up. I noticed at first store I buy a ton and it all trickles down. So, either I lose stamina or interest by end of day.
2. Eliminate box hoarding due to lack of space. It’s making me nuts.
3. Continue to try to expand categories – I am already doing this, slowly. It’s painful learning new things but thrilling when cha-ching hits.
4. Maintain a healthy balance of “real life” and my business. Continue to meal plan, have food on hand, and clean as I go!
5. Less Social Media – I have set up a screen time limit on my phone. Helpful.2+
12/05/2018 at 11:36 pm #52771
Inglewood, I’d suggest subscribing to a store on whichever site you primarily list (cad vs usd). You can list on either site from one account, it really just determines how much you’re billed, and in which currency. Everything else remains mostly the same.1+
12/06/2018 at 9:33 am #52791
It’s a decision we’ll have to think through – we’re 50/50 on each site now because of the free listings we get, but are leaning more towards .ca as it allows us to control shipping costs more within the country (as U.S. and international rates are pretty much the same under 1kg).
I’ll share my decision once we make one. Need to do the math…0
12/07/2018 at 10:48 am #52878
Did the math…will be going with a Basic store on eBay.ca to start, and use my 50 free on .com for certain items. Sadly, I left just over $500 on the table by not having a store this year. For 10 of the 12 months, it would have made sense…
Interestingly though, when I look at my listing on .com or .ca, both have the various additional categories that a store allows (categorization, discounts, promotions, etc).0
12/05/2018 at 11:41 pm #52772
As for me/us in 2019:
– quit job and go full time around Jan/Feb
– move across the country and into a cheaper, more rural location closer to family, and closer to a border.
– list like mad. Stretch goal of 4,000 listings by December 31, 2019. I’ll need to average 150-225 listings per month (depending on sales numbers) to hit this.
– continue to expand offerings on Amazon
– enjoy having a few acres, no boss, and a woodstove2+
12/06/2018 at 2:29 pm #52818
some of my personal goals for 2019:
by june: -get up to 12,000 items in the main ebay store, 250 listings on the 2nd ebay store, 50-100 items on etsy, 10-15 items on poshmark.
(currently 10,060, 185, 20 and 0)
-do an actual inventory this year of items listed and unlisted that i haven’t had a chance to toss yet. get out the junk. free up the space for new inventory, yay.
-rebox the majority of my inventory in new boxes and free up listing space so some of the new 2,000 items to be listed have a place to go thanks to the inventory purge. (i rebox my inventory every few years to make sure there isn’t any damage to listed items. this year is the year for it, yay =/)
-make a significant dent in my backlog this year
-actually list through my “junk drawer” of small ephemera i haven’t put in a box because it’s too small and fragile. stop tossing new things in it, ugh. just list it when it comes in from now on.
-list more on days that are mainly for listing. stop making excuses!2+
12/07/2018 at 9:05 am #52863
– Not be so precious, and accept decent offers, especially on lower dollar/bulky stuff. Inventory grows way faster than sales do so I gotta do this or get swamped by the logistics of huge volumes of stuff.
– Acquire more storage space and reorganize my existing storage unit with numbered shelves. The stuff at home is organized but at my storage unit it’s a disaster.
– As a cashflow-limited seller a perpetual problem is being short of cash due to “nickel and diming yourself to death”. Meaning, buying a hundred little individual items for 5x or 10x that aren’t that amazing. Need to keep a big wad for the really big opportunities when I want to go all in on something substantial.
– Sell more locally for greater exposure & to mitigate the risk of being primarily on one platform.
– Give Amazon FBA another try? I don’t think I really gave it a fair shake last year.
- This reply was modified 2 days, 1 hour ago by simplicio.
12/07/2018 at 9:22 am #52867
Now that Amazon charges fairly substantial long term storage fees after 6 months, what do you think you’ll do differently on FBA? That storage fee changed the game for us because now its all about quick sales.0
12/07/2018 at 9:30 am #52868
I would use it in a very limited way, for newer, shorter tail stuff and for books. My mistake last year was sending in tons of super long tail books and CDs that wouldn’t sell. It’s only $20 a month so even though I don’t find much brand new short tail stuff, it’s not hard to justify.
I partly want to do it because I find books sometimes, but it’s not profitable to sell them on Amazon MF in Canada due to our high shipping cost (unless they’re like $50+). We pay typically $15 or so to ship a book domestically, $20 to the US, so it just kills your profit. Same time, selling books on ebay is too much of a pain in the neck due to the long listing process vs just a scan.0
12/07/2018 at 10:28 am #52875
— Improve and streamline our sourcing. Goal is to only have to source on a Saturday 2 times per month by Q4. We will do this by exploring more online sources of inventory that we can buy and pickup locally or have shipped to us. The side benefit to this should be that we are increasing our ASP and Net Profit per item as well. ROI may go down (to 3X) but Profit/Hour will increase.
— Hike the Colorado Trail in August0
12/07/2018 at 1:59 pm #52889
List like a madman My goal is a lofty one and is on the verge of out of reach. I want to hit 4000 listings by the end of 2019.
Complete the new area in my Basement I need to take some personal containers to the storage unit and buy some more clothes racks. This should be very doable. This will create room for over 1000 more items in storage.
Hire someone This has proven to be difficult. With sales down since October, it has not be feasible to hire someone. Also, finding a good person at a reasonable rate will be time consuming.
My idea is to create some sort training videos on various topics. Then interview 3 people and have them watch the training videos and then put it into practice during the interview. I will pay them for this exercise, but then only select those who can follow directions and produce great results.’
Get all my vintage listings on Etsy This should be doable, I just have to allocate the time.
Buy great items I will do my best to get the highest end items that make sense. I really want to raise my average selling price and raise the level of quality of my items.
12/07/2018 at 3:35 pm #52895
- Location: SC
Mark S – check out this video, around the 8 minute mark she talks about her strategy for hiring photographers. This may be an easier method.0
12/07/2018 at 10:50 pm #52908
Thanks for the video, I watched most of it.
Those were some good ideas on hiring a photographer. I think I just need to tweak it for me.
I don’t think I could handle getting 200 resumes. However, I do have quite a bit of experience in interviewing people and I do know what to look for. I will have to come up with my own strategy when I am ready. Thanks again for the video.
12/07/2018 at 2:37 pm #52891
- Location: PNW
Raise my ASP from $34 to $50. I think that’s a real stretch, but what the heck.0
12/07/2018 at 3:40 pm #52896
- Location: SC
– go through all of my old listings to update pictures and item specifics. Possibly redonate any bad buys.
– hire a photographer
– save enough money to pay for a trip to Antarctica in 2020. I have a friend who is a big traveler and Antarctica is her final continent. We are old enough friends that I could basically invite myself along on her trip.0
12/08/2018 at 2:18 pm #52924
- Location: Southern California
Not make resolutions.
Continue with piles… Not glamorous. I hope to finish in 2019 without heavily donating. I dug the hole and plan to work my way out of it.0
12/09/2018 at 12:42 am #52932
-List all death piles by March, (local auction company has one last auction tomorrow, then is on vacation until March. I have a deadline!)
-Pay off all debt except for the house (if I get the death piles listed, that should provide enough income to pay off the debt)
-Double my profit over the previous year0
12/09/2018 at 10:20 am #52943
I like these goals.0
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