08/16/2020 at 1:40 pm #80717RyanneKeymaster
- Location: Virginia
Our Store Week August 9-15, 2020 Total Items in Store: 7799 Items Sold: 36 Gross Sales: $1834.05 Cost of Items Sold: $95 Cost of helpers: $40 Highes[See the full post at: Scavenger Life Episode 475: #SaveTheUSPS and Crocs are Cool again]
08/16/2020 at 4:41 pm #80721thesilentowlParticipant
Just a quick note for Jay: Can’t read a label or sticker? Take your phone out, snap a photo, and then enlarge the image. Works great. I never remember my glasses.
08/16/2020 at 4:48 pm #80722tam from Tam’s Vintage & MoreParticipant
Hi guys. I have been a postal worker since 1989. This is the worst time I can remember but it makes it easier knowing that so many people actually care about the post offices fate. On behalf of the USPS I thank you for your support and patience!
08/16/2020 at 7:28 pm #80726
Thanks for your work. Keep us informed if there’s anything you think this community can do to help.
08/16/2020 at 10:05 pm #80734gargolferParticipant
- Location: Illinois
Total Items In Store: 1988
Items Sold: 33
Gross Sales: $1535
Highest Price Sold: $240 (Tramax Encounter Plus Moisture Meter)
Average Price Sold: $46.54
Returns: 1 $8 (Partial Refund)
Money Spent on New Inventory: $51
Number of items listed: 4
- Had a very good week in sales. My second highest week of the year and had 4 items over $100 sell this week.
- I need to get back to listing as my store inventory has dropped back below 2000 items. I had planned on a couple of good days of listing this week, but the Derecho Storm had other plans for me.
- Scavenge of the Week: Stopped at the local hardware store because I ran out of garbage bags during my storm cleanup at one of the rental houses. I happened upon a clearance shelf next to the bags and picked up 3 items I could flip. I spent $26 including the bags I needed and listed $75 from my added finds.
- My Ebay fees were at $0 since changing to managed payments. This week a $4 fee showed up. Turns out it was a fee for an item that relisted and had bold listing turned on. I’ve been paying that fee since June and didn’t realize it.
08/17/2020 at 9:15 am #80736
Items in store: 1286
Items sold: 20
Total sales: $762.00
Total profit: $619.00
Average profit: $30.95
Average sales price: $38.10
New Listings: 24
I finally was able to spend some time cleaning/organizing my eBay space after the home renovations. I’m back on the listing train baby!
Yesterday at the local goodwill they had a TON of sealed new D&D style game sets. All priced cheap. I bought all of them. Nothing extremely sought after or valuable, but will average $30-40 an item.
This week I want to really start cranking out the listings. I hope to hit 100 new listings come reporting time next week.
08/17/2020 at 9:20 am #80737simplicioParticipant
Glad to hear you guys had a good week on ebay. Mine was fairly dismal as far as sales, although I did list a lot.
Sales: CAD$864, 6 sales, COGS: $62, Fees: ~$123, Postage: $137 –> Gross profit: $542
Expenses: $44, New inventory: $482 –> Cashflow: $78
Listed: $1050, 50 items
Sold a faucet for $160 and a security camera for $270.
08/17/2020 at 12:49 pm #80746
Usually you’re over $3k in sales. Sales are up and down.
Hope the new baby is doing well!
08/17/2020 at 9:39 am #80738Mark SParticipant
08/09/20 – 08/15/20
Total Items In Store: 3316
Items Sold: 17
Cost of Items Sold: $ 40
Total Sales: $ 436.81
Highest Price Sold: $ 55 (golf clubs)
Average Price Sold: $ 25.69
Money Spent on New Inventory: $ 18.54
Number of items listed: 7
Gut Sales Report for the week: Sales were ok, but the ASP was real low.
Scavenge of the week: Got a 1964 Flintstones Metal Lunchbox for $3 at a flea market. This would sell for big bucks except for the fact that it is in fair condition and rusted.
08/17/2020 at 10:15 am #80739MyCottageParticipant
Looks like we may need to start protecting our boxes and cardboard stashes LOL: https://www.bbc.com/news/business-53724620
08/17/2020 at 12:51 pm #80748
Im glad to see cardboard is a commodity. They should go to downtown Manhattan where there are piles as tall as a person waiting to be picked up every other day.
08/17/2020 at 12:08 pm #80742
Congratulations on the new cat and successful family integration. (Easy when you know how, right?) Three is a good number – that’s what we have now. One was a semi-feral youngster who adopted us when we lived in Tennessee for a while. The other two were brother and sister ranch cats from Texas Hill Country, gifts from a cousin who wanted to pare their colony down. (The vet bills on those two alone made them the most expensive “free” cats we’ve ever had.)
Old man eyesight sucks. Being in my mid-60’s now I would have had to get new prescriptions about every six months for the last 20 years or so if I really wanted to be able to see up close so I rely heavily on my cheaters. I buy them at Dollar Tree stores where they are only $1 each, getting a variety of strengths up to magnifying-glass magnitude for different tasks, and enough pairs to spread around the house, garage, and vehicles. (Dollar Tree only – none of the other “Dollar” stores have them that cheap.)
And I was one of those silly croc-wearing boomers until a friend’s teenage daughter blurted out “you are such a loser” when she saw me in them one day. I sure do miss them. Maybe I can wear them again now without risk of a crushing blow to my ego.
It is a shame that post office issues are so political. Differences of opinion on how to run and fund the post office and attempts to control costs have led to accusations of kneecapping and election tampering and resurrection of the conspiracy theories on privatization. The USPS received a funding bill in March and they’ll get another one, though it may not contain the entire Congressional wish list and there will be drama before it happens, you can count on it.
Postmaster General DeJoy says the USPS can handle the election mail. (I know, the union disagrees.) The infamous USPS letters to the states regarding election mail were not the reported dire warnings of impending doom but in fact contained detailed analyses of whether specific state election laws and procedures were compatible with regular USPS delivery standards (which standards were sent to the states in May – before DeJoy took over – in preparation for the election) and had nothing to do with USPS funding or cost cutting measures. I read the letters. Some states are in good shape but some states’ procedures were not well thought through, like not having a deadline to request a mail-in ballot, and the USPS wanted to make sure the states with issues could address them for a successful election. That doesn’t sound like they want to let mail-in voting to crash and burn.
Despite Trump’s unartful tough love in trying to tie USPS funding to his preferences about certain USPS rates and procedures (he is obsessed with killing Amazon’s “good deal”, among other things that should be decided way below his pay grade), he has said recently that he recognizes the unique and important mission of the post office and that private carriers can’t do what it does. Conservatives need and appreciate the post office just as much as everyone else. They just differ on what should to be done to fix it.
08/17/2020 at 12:50 pm #80747
Postmaster General DeJoy says the USPS can handle the election mail.
Why do you think USPS is having so many documented delivery slowdowns as soon as he took over?
08/17/2020 at 2:29 pm #80752
To the extent that may be correct (which I don’t concede until I’ve seen the data and methodology) and if slowdowns started after he cut overtime, part of it is probably simply fewer man-hours to do the work but I’m sure the overtime policy change pissed some people off. I’ll say it again that I really appreciate the tough job that 90 percent or more of postal employees do with pride but I’ll bet also there’s a small group whose reaction to the overtime cuts is obstructionist and also there are some who are resentful that the Postmaster didn’t come from within their ranks (which we are reminded of ad nauseum in the press). I wouldn’t go so far to call it an organized slowdown but I’ve worked with enough federal employees in my lifetime to know how some of them think.
Personally, the worst problems with domestic mail I’ve had this year are with Priority Mail packages and those issues started in March and are continuing to this day. As for First Class Letters with a stamp, I use USPS Informed Visibility tracking for my postcards and DVD disks. Although I’m getting Covid-19 warnings to allow an extra 2-3 days for delivery, with one exception my letters since June are taking no more than 3 days to get delivered anywhere in the country and 2 days to be delivered in the Southeast. The longest was one that took 6 days to be delivered in California, but two other recent CA letters were delivered in 3 days. All but the one are within the USPS published delivery standards.
I recall when first class letters could be counted on to take 5 – 7 days to arrive.
08/17/2020 at 3:25 pm #80757
I think we can unarguably say there are postal delays. A large corporation like eBay would not make these announcements otherwise: https://community.ebay.com/t5/Announcements/How-we-re-responding-to-USPS-delays/ba-p/31134359
But I guess you could argue why the delays are happening.
Regardless, DeJoy is the Post Master. It’s his job to make sure USPS operates efficiently and effectively. If USPS isn’t operating well under his watch, this is a problem and he deserves negative attention. Anything else is empty excuses.
08/17/2020 at 12:24 pm #80743old_man_martyParticipant
- Location: California
My Sales Week Ending 8/15/20
Notes: No notes.
Total Items For Sale: 64
Items Sold: 6
Items Listed: 3
Average Profit: $11.16
Highest Profit: $15.76 for Asics Running Shoes
Cost of Items Sold: $0
$ Spent Sourcing: $0.00
08/17/2020 at 12:39 pm #80745vintagetimemachineParticipant
- Location: Houston, TX
You guys totally read my mind about the Croc trend LOL!!!
I was just looking at Crocs on ebay. They are so trendy right now. They are way cuter though. The new ones have a platform. I think the style is called “Bay”. 🙂
08/17/2020 at 2:25 pm #80751Kentucky PickerParticipant
- Location: Newport, Kentucky
J&R, thanks for another excellent podcast. Jay, my advice is to go full-time with a pair of glasses. I tried cheaters for a while but there were too many times I needed them and didn’t have them with me. So I went full-time with glasses and haven’t regretted it. Right after I got them a neighbor lady told me my new glasses “made me look intelligent”. LOL.
Yes, Crocs are hot sellers. Picked up a pair of new-in-box Crocs (had leather uppers) at a yard sale a few weeks ago for $15 and sold them for $45 within a couple of days of listing. Buyer returned them, though. Said they were wider than Crocs he had owned. My understanding is Crocs come in a standard width. Go figure!
Total Items in Store: 670
Items Sold: 13
Gross Sales (including shipping): $307
Highest Price: $60 – Vintage suitcase
Average Price: $24
Cost of Goods Sold: $17
Costs of Goods Purchased this Week: $30
Number of New Items Listed this Week: 24
Gut reaction to the week: Summer roller coaster continues. Last week sales were in the clouds, this week they’re in the ditch. I’m sure it’s not just me, but sourcing has been a challenge. The only thing working for me is finding cheap Dyson vacs on Facebook Marketplace. I gripe a lot about FBM, how buyers insist you sell stuff to them at 30-40% off listed price, but I’m finding great deals. You just have to be quick to spot them.
08/17/2020 at 3:20 pm #80755
I really just need reading glasses. Can I just wear reading glasses at all times? I guess so?
08/17/2020 at 4:51 pm #80763
I doubt it. Even a pair of the lowest ones at like +1.00 make things blurry at about 4 or 5 feet out. But you can get half frame or half lens readers that you can peer over the top and really look like an old man.
08/17/2020 at 9:01 pm #80770Kentucky PickerParticipant
- Location: Newport, Kentucky
@Jay. My glasses are bifocal — I look down to read and get the ‘cheater’ lens; I look for driving and everything else I’m looking through clear glass. I don’t know know if the cheapie cheaters can do that. I ended up spending a bit of coin for mine, but mainly because I wanted RayBan frames. So vain.
08/17/2020 at 3:08 pm #80753vintagetimemachineParticipant
- Location: Houston, TX
Oops I just noticed my typo. The new crocs are “Bae” not bay. 🙂
08/17/2020 at 3:18 pm #80754
I haven’t listened to the show yet but I’ll post my numbers anyway:
Total Items in Store: 4019
Items Sold: 43
Total Sales: $1173.53
Cost of Items Sold: $208
Average Price Sold: $27.29
Average Cost of Item: $4.86
Highest Price Item Sold: $264.95 HP-41CV Calculator w/ Survey Module Case
Number of items listed this week: 79 worth approx. $1796
YTD Sales: $37127
YTD sales compared to this time last year: +15%
Average age of items in store (in days since listing): 469
Average number of days between listing and selling this week: 297
Median age of sales (in days, between listing and selling): 161.5
It’s been a decent week. On par with recent weeks and this time last year. My biggest sale of the week was a vintage calculator from a pile of electronics and random stuff I bought from a neighbor. I gave him a fair price for his things but I’m still making a good profit. Watch out for those old HP calculators.
Yard sales are still pretty sparse around here (without doing loads of driving) so I didn’t go sourcing on the week. I don’t see the garage sale situation changing for quite a while which is disappointing as it’s my ebay-related fun.
Hope everyone has a profitable week.
08/17/2020 at 3:21 pm #80756
Seems like you sell more and more non-hats that I see. Is this true? Or maybe you just dont mention all the hat sales anymore?
08/18/2020 at 1:37 pm #80795
Sometimes I exclude the hat details as it seems like too much information. Also, I don’t necessarily want to encourage lots of other people to join my niche.
Since you asked… hats accounted for 79% sales last week (based on number of sales) but only 49% of my sales $ (because other stuff has a higher average selling price).
Btw, I listed to the show yesterday. I joined the reading-glasses crew a few years ago. This last Christmas, I asked my wife to get me some of those glasses cords as a present (which she thought were very “old man like”). But they are very handy when I’m working around the house, especially doing ebay things as I’m constantly taking them on and off.
08/17/2020 at 3:45 pm #80758jchi680Participant
- Location: Midwest
August Numbers So Far:
Total Income: $112.55
Sales Tax Collected: $1.10
Shipping Income: $43.85
Total Expenses: $84.95
It’s been rough so far in August compared to others. Finally, in the South West at my relatives to list her stuff. I did have a return today as my Media Mail shipment (magazine) still hadn’t arrived to a buyer and was shipped out Aug 3rd. It’s frustrating on my end as my city (Chicago) has had a huge bad thunderstorm and protests that have had the post office near me shut down for multiple days.
Finally, listing some things that are a bit higher profit. Hoping to make a couple of hundred dollars per my 30 day in the coming weeks. Also, really hope this USPS mess gets fixed as it’s causing delays and issues for those of us who sell online. Wish I could source more but I don’t have a car. Plus my dad holds very traditional views on work of working a 9-5. I don’t live with my folks, but they still want to influence my choices of career. Hoping to get my real estate brokers license and would love to invest and work in real estate for a broker. If you have any suggestions to learning more about real estate holler.
08/17/2020 at 3:58 pm #80759SharynParticipant
- Location: Central NJ
I was switched to managed payments on Monday. I still have a message saying that I have to verify my bank information, but I’ve received at least two deposits already.
I had a decent week. My COGS is a bit high because of my highest sale, the African hand-carved stool. It was purchased in an online auction where it wasn’t clear that only one stool (the one that sold) was normal sized, and the others were sized more for a teddybear. I should have complained, but I let it go. This was maybe two years ago, so I’m glad it finally sold.
Sorry that your helper didn’t work out. Each of my kids helped me out for a summer, but then moved on to other things. I don’t think either was that interested.
Week of Aug 9 – 15
Total Items in Store: 1263 eBay, 36 Etsy
Items Sold: 14 eBay
Cost of Items Sold: $89.72 + $17 Commission
Total Sales: $347.78 eBay
Highest Price Sold: $125 Ashanti hand carved wood stool from Ghana
Average price: $24.84
Money Spent on New Inventory This Week: $14
Number of items listed this week: 17
08/17/2020 at 9:54 pm #80772
Total Items in Store: 25,146
Items sold: 163 (160 postcards)
Gross Sales: $1,722.49
Highest Price Sold: $37.50 L/E Commissioned Halloween Postcard
COGS: $28.10 (postcards average $.10 each except for the Halloween cards which I buy direct from the artist for $10 each)
Average Price Sold: $10.51 (postcards only)
Money Spent on New Inventory: $0
Number of items listed this week: 400+/-
Concerning free shipping. I have free shipping on about 90% of my listings. Pretty much any postcard below $15. My shipping costs are about $.70 per postcard (a forever stamp, photo mailer, lettertrack.com tracking service). I have built in about $1.00 worth of wiggle room on the price of a card, so I can absorb small increases in stamp prices. About a year ago I started charging a flat $3 shipping for any postcard that I list over $15, my cut off used to be $25.
08/18/2020 at 7:57 am #80776
About a year ago I started charging $3 for any postcard that I list over $15, my cut off used to be $25.
Do you mean you charge $3 shipping for any postcard over $15?
08/18/2020 at 8:11 am #80781
Yes. That $3 is the postcard in a plastic toploader and a bubble mailer sent USPS 1st class.
08/18/2020 at 8:21 am #80783
I’m always so impressed by how organized you are with your postcards. You’ve created an incredible pipeline. Are you still working alone? Any thoughts of hiring help now that you’re “retired”?
08/18/2020 at 9:46 am #80786
Thanks Jay. I am lucky with my pipeline. Since you last interviewed me my postcard “hoard” has grown to about 400,000 cards in my house. I have been vending at postcard shows in addition to ebay. I have a show stock of about 30,000 cards. Before covid I was also going to monthly postcard club meetings and have a rotating stock of about 60,000 cards that I sell for $.25 each to the club members. I also have about 32,000 cherry picked postcards just waiting for scanning and listing.
I’m still working alone. Once in a blue moon my daughter is willing to help and I’ll employ her. But, she’s more interested in watching videos on her phone than earning cash. I’m not sure I’ll ever have to hire anyone. Maybe if I get over 50k listings.
08/18/2020 at 11:59 am #80791DoublythumbsParticipant
- Location: Hopedale, OH
Aug 9 – 15
- Total Items in Store: 3,942
- Items Sold: 31
- Total Sales : $768
- * BELOW yearly average of $1,006
- Highest Price: $80 (Vintage 48 Star USA American Flag with Sewn On Stars and Stripes)
- Average Price: $25
- Returns: 1
- Cost of Goods Sold: $48
- Costs of Goods Purchased this Week: $284
- Number of New Items Listed this Week: 26
Sales kind of slowed down this past week, but still not too bad. I ran into an issue with Managed Payments. I got a return for an item that sold prior to MP being activated, and I think it’s wanting to take the refund out of my PayPal account. The only problem was I emptied PP since it was no longer a service that I would be using. Well with no funds, I can’t issue a refund for some reason. I thought if I had insufficient funds in my PP account that it would just charge my credit card (I checked and my CC info is up to date on PP). So I went ahead and transferred the exact amount to PP from my bank but it’s going to take a few days apparently. Hopefully that will fix the issue.
I had some success from an online auction last week. Some major scores include a big box full of old Bibles, some really nice turntable styluses and several dozen sealed vintage Sony blank cassette tapes that are apparently a rare type… model SHF. I went down a rabbit hole of vintage audio tapes and these things can regularly go for $40+ each.
08/18/2020 at 4:02 pm #80799
Yep, this is a big issue and ebay doesn’t care. You are expected to refund within 2 days no matter what.
My advice is to message your buyer, explain the situation, and advise them to NOT contact ebay.
08/18/2020 at 1:19 pm #80793TimoParticipant
- Location: Metro Atlanta
08/18/2020 at 3:32 pm #80798DoublythumbsParticipant
- Location: Hopedale, OH
Oh great! Sounds like a pain in the butt. I transferred the money last Friday so hopefully it’ll show up sometime between now and when the refund is due tomorrow. Maybe I’ll try calling anyway to see if eBay knows about the issue yet.
08/18/2020 at 1:45 pm #80796
I have a comment on the show. Regarding a helper. I wouldn’t write-off older people. You mentioned that younger people are likely easier to train which could be true but younger people are going to have lots of distractions and changes in their life whereas an older person is going to be more settled and could be much more dependable in the long run.
I empathize with the challenges of training someone. I trained my wife to list and photograph hats. It took a while and adjusting her process to match what I wanted took time. She is happy doing that part of the business but would prefer not to get involved in the rest of it (sourcing, researching/listing other stuff, shipping, customer service, book-keeping).
08/19/2020 at 8:14 am #80820
Very true. We’re not against working with an older person. But I feel it’s maybe “demeaning” to pay an older person to do fairly menial tasks. Plus we pay between $10-$15/hr which isn’t much.
The key is finding people in our community network that are already “vetted”.
08/18/2020 at 5:52 pm #80801LaurenParticipant
- Location: Central Illinois
Hey! Sorry I’ve been quiet this week- I’m not disappearing, just had some health issues that took out the bulk of my week and I’ve been covering the last 4 days for a coworker at my boring retail job.
Numbers for this week:
Items in store: 240ish
Items sold: 7 on Ebay, 2 of FB Marketplace
Total sales: $202
COGS: $5.25 (I’m doing a new thing for SL purposes. If I buy something as a lot at an auction I’m counting it as $0.25 a listing, even though individual items may be a little more or less. I don’t tend to do exact COGS unless its a thrift shop, moreso “this is what I spent on inventory total, this is what I made”
Total profit: $196.75
Average profit: $21.86
Average sales price: $22.44
New Listings: 0
Customer issues: Sold a Fisher Price toy train with rolling wheels. Buyer messaged that she was a little disappointed that one of the wheels came off, but she fixed it. I checked it before it went out and nothing came off (not to mention this thing has moved from one office, been packed, and unpacked, to another and a wheel never came off) Asked if she thought it was damaged in shipping, she said no, told her I accept refunds and that she’s welcome to send it back, crickets. Waiting to see if this turns into a neg or a neutral, she never sent photos or anything either.
No listing this week, but a lot of prep was done. The office is looking a bit like a war zone with piles of stuff quarantining, but today I pulled out and seperated about 110 new listings from an auction, so we’ll see how many me and the girlfriend can get through tomorrow while we are both off.
Sorry about the helper, but I think it’ll work out better with the 16 year old anyways. I was 15 when I started selling on etsy (illegal? probably. We’ve created all new accounts after turning 18) and I feel like 15-16 is the perfect age to know the process of how to list and photograph without needing the knowledge to price, etc. Whenever they start shipping, it might be a learning curve. My gen and the gen below me just don’t seem to ship out and know enough about the post office unless its core to the job.
Speaking of the post office, my PO box came up for renewal this week. Technically I just used it as a return address for when I worked out of my house and I didnt *need* it anymore now that I have an office address, but it was $50 to renew for 6 months, and I figure thats cheaper than buying a couple books of stamps each month to support the post office between now and election day. I’ll cancel in February, but for now it keeps at least a little bit of funding at my P.O.
08/18/2020 at 11:02 pm #80816PikapopParticipant
- Location: Hampton, VA
@Jay Not sure if this will be helpful but thought I’d mention it since I had success with it. I had a situation with my eyesight where I was worsening with nearsightedness. I began to have a difficult time reading street signs and things on the board (during college). I went to the optometrist for the first time but he was reluctant to give me a prescription because according to his tests I barely needed the weakest prescription (weird, because I felt so drastically that my eyesight had diminished). I started to use the glasses I got but noticed while they helped in the classroom, my eyesight was becoming dependent on them for non-nearsighted situations.
Later I accidentally found a supplement that helped my eyes by chance. It’s called astaxanthin and I get it on Amazon. It’s an antioxidant and I was taking it for other reasons, but noticed that after about 6 weeks my nearsightedness cleared up. I went back and read reviews for the product and found that other people had their eyesight improve after taking it too. I don’t know exactly how it works or why, but I always keep it on hand. I take the 12mg dosage. If I go without it for a long time (6 months or so) eyesight will revert but as long as I take a little here and there it’s fine. I suspect that it has something to do with helping the eye muscles re-tighten and strengthen and works in that way. Anyway, something to think about.
08/19/2020 at 8:18 am #80821
Interesting. I just have the common issue of weaker eyesight when reading as I grow older. Like going bald. My dad and grandad had the same issue.
08/19/2020 at 12:20 pm #80825So Cal JoeParticipant
You can also keep a thin magnifying glass in your wallet for use in thrift stores etc. Probably, the best solution is to just buy a few pairs of cheap reading glasses and just leave them in the car, home etc.
I’ve been using reading glasses for about 10 years now and over the years, they’ve become stronger. All my close relatives have worn glasses from a young age, so it was not completely unexpected.
The other day, I actually bought a more expensive pair of reading glasses which included the blue block and UV protection to help when using the computer. I am surprised at the difference in comfort and clarity. Sometimes, paying more is actually better…. sometimes.
Thanks for the great podcast.
08/19/2020 at 3:17 pm #80830LukastreasuretroveParticipant
- Location: Chevy Chase, MD
Back from our vacation in Luray last week. Had a great time there and am really impressed with all there is to offer in such a small community. I was checking our the local real estate listings by the end of the week. As long as you’re not trying to get waterfront property there are some great deals (compared to the Washington, DC are we’re used to). Great running into Jay, even if only from a distance. The Hawksbill looks great!
I had the same problem regarding keeping glasses until my distance went bad, also. Now I have a pair of transitions with those lenses that turn into sunglasses outside. Solved two problems at once.
Sales aren’t off the charts, but steady. Always fun to go away for a week and have a bunch of sales waiting to ship.
Week Ending 8/15/20
Total Items in Store: 1111
Items Sold: 14
Gross Sales: 480.6
Gross wo Shipping 365.87
Cost of Items Sold: 26.4
COGS Percent 7.22%
Highest Price Sold: $69.95
Average Price Sold: $26.13
Money Spent on New Inventory: $0.00
Sold via promoted listings: 7
Promoted Percentage: 50.00%
Average Days Listed: 591.07
Longest Listed: 1188
New items listed: 0
08/20/2020 at 10:31 am #80851
Ah! So it was you guys who were waving to me from across then creek. You should have walked over to say hi 🙂 I just thought you were really friendly people. We get some attention because people are excited about a building being renovated on Main Street.
Yes, property is cheap in Luray compared to Northern Virginia or Maryland. We get a stream of constant retirees who sell their townhouse for $650k, and buy a big property for $200k and live like kings. What we want are younger people who can work remotely to come out and help us re-build this community. Come on!
08/20/2020 at 11:49 am #80856
Our neighbors moved from NOVA and they didn’t bat an eye at paying $260k. No offer, nothing – full asking price.
Affordable housing is disappearing quick in our necks of the woods unfortunately – I think mainly due to people moving in from higher priced areas.
08/20/2020 at 11:59 am #80857
West Virginia is also the next frontier for the DC area. I promise you that your neighbors probably sold for $500k+. Home prices in our county have never been higher.
08/19/2020 at 4:15 pm #80831ChristineRParticipant
- Location: Southern California
Total Items in Store: 340
Items Sold: 4 but one $180 sale buyer hasn’t paid, so 3.
Gross Sales: $121
Cost of Items Sold: $52
Highest Price Sold: $58 new top, paid $26 summer clearance
Average Price Sold: $40
Returns: 1? Defective product, offered late return but buyer went quiet (or maybe was not defective).
Money Spent on New Inventory This Week: $0
Number of items listed this week: 1
For the first time in a long time, I didn’t listen to the podcast right away. It’s so interesting what happened with the post office. Upsetting older, reliable voters waiting on checks and prescriptions, may have made them reverse course (among other reasons). Locals were totally in a snit and on the horn with our congressman when a popular box went missing, then two days later they put two in its place without special modification and no straight answers from authorities. Nuts. I think some people underestimated how attached people’s lives are to the postal service.
Part of the week I was on a short trip and in vacation mode. Sales have been slow and I am very busy working outside Ebay so listing also at a halt. I got my first VERO from Williams Sonoma for a Pottery Barn item stock photo, so I need to back and take a few photos for their clearance items. Monday I started on managed payments. I’ve really been meaning to get a separate account and credit card for the business. I’m going to make myself do it by January 1.
In other news school is starting for my younger teen remotely so that will be a help. Our Covid numbers are down low but the college kids are starting to return with some new cases. We are having a terrible heat wave and were too cheap to put in central air conditioning. We did spring in May for a portable unit from Costco thank goodness. We closed on our refi. I was able to renegotiate after locking for no additional fee, which was awesome. We ended up with an amazing 2.875% rate and closed so we don’t have to pay that new .5% fee starting in September.
Have a great week!
08/20/2020 at 10:26 am #80850
Thanks for the detailed update. I love all the info.
At first I thought it was crazy you have no AC, but you are in California. I guess things are heating up. We also have no AC in Virginia, but we’re just crazy,
08/20/2020 at 1:50 pm #80861ChristineRParticipant
- Location: Southern California
You’re welcome! Most of the time we get cooled off by the ocean a mile away and don’t need it, but each year seems like we have more and more hot spells. For a little over $400 at Costco we got a great unit that cools the kitchen and family room area. Worth EVERY penny. They also have smaller window units right now for about $300 but those don’t work with our windows.
Wanted to say I was so relieved when vacation rentals started doing well after the initial absorption of the crisis. Happy for you guys.
Already they have replaced the two replacement mailboxes I mentioned above with one giant new antitheft one. The new excuse for removal was anti-theft, but then why put the two standard ones in for two days? Nutty times.
08/21/2020 at 4:36 pm #80889MDC Galleries & Fine ArtParticipant
- Location: Atlanta
“Well, Alrighty Then!!!” Just got moved into “Managed Payments”. Now that we are baptized, we will see how it goes. We use Quicken for our accounting. Remains to be seen how that all is going to synch up.
mike at MDC Galleries and Fine Art
08/24/2020 at 10:04 pm #80984soniaParticipant
- Location: Northeast US
Mike – Welcome to Managed Payments!
If you are still using GSP for international sales, keep an eye out for incorrect extra income showing up in the form of Import Duty line items, and Shipping Income line items that equal the sum of the amount you received to ship the item to KY and the amount ebay received to ship it out of KY. I’m seeing these issues in GoDaddy and correcting them manually (luckily I’m a small seller and GSP sales are not that often), and while I realize that Quicken is a much fancier bookkeeping/accounting software compared with GDBK, I’m assuming they are both using the same ebay APIs to get the numbers, and it’s the APIs that are sending these wrong numbers.
Would love to hear from anybody on MP and using GSP with any form of 3rd party bookkeeping solution (including the EAT spreadsheet) to see if they are seeing such issues.
- You must be logged in to reply to this topic.