01/17/2021 at 6:54 pm #85222
01/17/2021 at 11:04 pm #85225gargolferParticipant
- Location: Illinois
Total Items In Store: 2199
Items Sold: 44
Gross Sales: $1526
Highest Price Sold: $140 (BK Precision Oscilloscope)
Average Price Sold: $34.69
Returns: 1 $78
Money Spent on New Inventory: $187
Number of items listed: 13
- A great week of sales. Some great high dollar sales and consistent sales all week.
- I am generally very good at following Jay and Ryanne’s advice on dealing with “bad buyers” with silence. That being said, I dealt with a buyer from Australia this week that just about threw me over the edge. The situation was exacerbated by the fact that I couldn’t get the buyers refund processed through eBay for some reason despite multiple calls and chats with them. The red flags were everywhere with this buyer, but I was lulled by the chance to make a good sale on multiple items. Buyer offered a decent price on 3 items, then offered a lower price on a 4<sup>th</sup>, then we went back and forth on shipping costs, then wanted a 5<sup>th</sup> item for free with a higher shipping cost. Classic bad buyer behavior. After figuring everything out and getting paid, the buyer came at me with issues with tracking not being uploaded (it was). At that point I looked at his feedback left for others and immediately cancelled the order and voided the label. I did explain to this buyer exactly why I cancelled his order (I know…not smart). Shipping was $60 on a $78 sale and I’m sure I would have ended up losing big on this one. This was on Tuesday, and I am still getting nasty e-mails from this buyer…which of course I am ignoring. End of rant..sorry!
- Scavenge of the Week: Went to an auction this week and filled my truck for $187. I listed 10 items the next night and sold 3 of them for $216 in less than 24 hours. My auction is paid for already and I still have a nice pile in the garage to list still.
- Great podcast this week…can’t wait to hear about the possible new venture.
01/18/2021 at 8:15 am #85229
Items in Store 1464
Items Sold 25
Total Sales $1,163.00
Total Profit $998.00
Average profit $39.92
Average sales price $46.52
New Listings 58
Items scavenged 25
Sourcing Allotment 17
So I went over my sourcing allotment of 19 items last week – sue me. I did make sure to list immediately every item over my allotment so they didn’t go to a death pile. One of them already sold for $45 so it paid off. That’s $45 that would not be in my pocket if I had held to my cap. The cap is performing it’s intended goal of getting me to pass on lower profit long tail items.
While I may be a failure at holding to a hard cap on scavenged items, it is forcing me to avoid buying long tail items. I passed on at least as many items as I bought.
I’m only buying $20-30 items if they are a sure thing quick sale, and mostly sticking to items that sell for $50+. My average sales price has been right at $35 for 3 years now. On top of raising my number of weekly sales, I’d also like to finally raise my ASP. I can only do that by selling more higher value items.
I listed at least 25 more items than I sold, which is my goal each week in order to reach 2000 active listings.
I was really concerned about this week on Friday as my sales were really bad! I even had a day with no sales and I honestly can’t remember the last time that happened – I don’t think it happened once in 2020. All was forgotten though as I had a monster weekend to save the week.
This week I’m going to try and list 100 items. I used to create listings on my breaks and lunch at work. This week I’m gonna do that again in order to gain a bit more listing time.
01/18/2021 at 8:40 am #85233
Hi guys, great to hear from you as usual – and thanks for the kind words about my business! especially from you from whom I’ve learned so much over the years it means a lot. Most of what you said is basically correct, including the listing over poutine, lol. My business has become very capital intensive and most of my effort goes into scavenging, which is how I like it. But it is eating a lot of my time lately.
I happened to have the first really good week in a while after a slow December and January.
Sales: CAD$7812, 18 sales, COGS: $967, Fees: ~$1054, Postage: $592 –> Gross profit: $5198
Expenses: $123, New inventory: $101 –> Cashflow: $5942
Biggest sale was $3800 for 20 new HVAC controllers, from the great HVAC controller pick of May 2020. I still can’t believe this windfall, I have now made about $6000 off of this $10 investment and I still have 180 of the units left to sell. May not strike it this lucky again in my ebay career. Anyway it was most welcome as I am still trying to work off the big 2020 tax bill and get caught up on my prepaid taxes as well.
01/18/2021 at 9:48 am #85236
I have a question for you. When you buy these commercial parts, do you do research to find a proven market for them or just go all in and hope for the best? I assume you’ve done this enough at this point that you trust the process based on experience.
I’m trying to think what I would do if I came upon a lot of 200+ HVAC controllers. Yeah they’re cheap, but are there actually 200+ people out there who need this specific controller that will come to ebay for it?
I have dabbled in buying small commercial stuff in volume with varying success. It is nice to make a single listing for alot of items. I tend to only go all-in if I can make a reasonable case that there is a market for the items and that I could sell all of them within a year or two.
01/18/2021 at 11:20 am #85239
Yeah, I research probably similar to any other item – I have terapeak/watchcount ready to go on a browser tab on my phone/computer and check for solds. Usually that turns up some sales history. Failing that, I see what other sites have the thing listed for – that is a bit more of a crapshoot but if it seems like it might be high dollar I’ll usually roll the dice.
Normally I am a little leery of buying as large a QTY as 200, for the exact reason you’re suggesting – it may be a small enough market that they never move. In this case, the price was (very) right, they weren’t too large, and there was at least some sales history.
01/18/2021 at 10:11 am #85237
My business has become very capital intensive and most of my effort goes into scavenging, which is how I like it.
This is a perfect sentence when comparing our different scavenging equations. We spend almost n time finding inventory and very little money buying it. The big energy suck for us is photographing and listing (which we hire someone to help with).
But we also dont have $6k USD ($7800 CAD) weeks. Thats incredible.
01/18/2021 at 11:33 am #85241ItemsfromthesouthParticipant
- Location: Florida
Great podcast as always. I think I was the first to announce my guess that you were planning on opening a coffee shop back when you announce that you made a very expensive eBay purchase. This was an easy guess knowing commercial roasters cost a lot AND how much you two love coffee. I am looking forward to you opening your newest business…so much so that we plan on visiting on June 2nd…on our way to a Maine camping trip.
01/18/2021 at 6:55 pm #85248
Yeah, you were the first to guess correctly. Every small town needs a little coffee shop. Were doing our job for America. See you in June!
01/19/2021 at 9:57 am #85263
I agree, J&R’s honesty about their business is refreshing. From most resellers you get bravado, and from most small businesspeople I talk to you get what I can only describe as the triumph of hope over accounting (“We’re losing money on each sale but we’re doing great volume!”).
01/19/2021 at 7:19 pm #85280soniaParticipant
- Location: Northeast US
I appreciate J&R’s honesty and openness as well. I also get the same honesty from a number of other resellers that I watch on youtube – showing the successes *and* failures, and sharing numbers. These are mostly clothing resellers.
01/20/2021 at 2:52 pm #85287
Who else would you recommend people watch or listen to? I’m always happy to support other creators who arent just hyping to sell reselling courses and memberships.
Lavendar Clothesline seems super friendly and helpful, just sharing her knowledge and excitement: https://www.youtube.com/channel/UCigXo6qiZmGGPPnDIocsyOA/videos
01/20/2021 at 3:37 pm #85289soniaParticipant
- Location: Northeast US
Recently I’ve been binging on Commonwealth Picker (mostly NOT clothing). I’m focusing mostly on his most recent videos b/c they include sold comps (or his actual sold price) on the items he’s buying (and you can see how much he pays for items as he picks). He buys a lot of low dollar items, though. He sells on ebay and in antique booths, which is an interesting model.
One of my favorites is Heather from the Paper Castle, also not clothing. She’s not doing videos right now, but in her past videos you can see how she gets stuff really cheap at rummage sales. The best videos are the ones where it’s taken her a long time to get the haul video posted, so she’s added in info on how much she sold the items for. Of course it’s hard to know which video is one of those and which isn’t from just looking at the list.
Common Tags is good for clothing. She’s up front about her COGS averaging out to $5/item (mostly GW Bins, some regular GW), and then when you see her sold videos you’ll know exactly how much she made on each item. She does a lot of haul videos which I don’t really like too much b/c I like to know sale price. She talks about how in her model (driving several hours to LA to thrift), she ends up picking up and selling a lot of $15-25 items, b/c the huge time/gas outlay per trip means she needs to pick up a certain volume of items per trip. But she also has plenty of $50+ items – I watch in order to learn what those are. I vaguely remember some videos a long while ago about her storage system/process.
Suzanne Wells has really systematic sold videos where she shows COGS, sale price, and at the end she shares a screenshot of her spreadsheet so you can see aggregate numbers. But she’s pretty much all clothing – almost none of her items are what you or I would call interesting.
Lavender Clothesline is pretty honest and up front, but I don’t like haul-only videos in general, and I don’t remember any recent what sold videos from her. She’s happy to hold items for a long time before they sell for a good price – I wouldn’t be surprised if she learned that from SL. Here’s her house tour video which explains a lot of her process (in case you’re interested in that sort of thing – LOL!) – the last part is a tour of her extensive storage.
I also watch the sold videos of The Poetry of Nice, as well as Hustle at Home Mom who sells mostly clothing, but also an enormous lot of car parts she purchased a few years back. This year she’s getting into courses and coaching which turns me off a bit, but in general she’s very honest and open. In terms of personality, I like her the best.
Here’s a 2020 numbers video from HHM, where she’s very open not just about ebay income, but also youtube and affiliate income, as well as costs, etc.
Here’s a process video from her that I haven’t watched myself
01/18/2021 at 5:33 pm #85246LibbyParticipant
- Location: Lehigh Valley, PA
As always, thank you for the great content! I am an avid weekly listener, and I did use to post my numbers, but time is of the essence, and I have not lately.
However, I want to express my sincere gratitude for you all posting your numbers every week. It is one of the main reasons I adore your podcast. It gave me hope and real life examples of people making a living selling online without any of the bravado. It was and is a true inspiration because no one in my sphere shares their numbers and it is impossible to tell the truth of the situation.
So, thank you!
01/18/2021 at 6:56 pm #85249
That’s good to hear. We knew if we were going to help anyone, we could at least be as truthful as we could about whats possible. I gain a lot from others who post their numbers as well.
01/18/2021 at 7:04 pm #85250
I very much so enjoyed the last 2 podcasts.
I started out doing it exactly like you two and was really hammering out auctions full of random old stuff. I found many gems over the last couple years, but really get tired of the research for some of the stuff. It’s just a lot more time consuming researching and packaging some of the weird items. When my other business essentially was shut down in March and auctions were also closed, I began looking for different sourcing options. We shifted into purchasing truckloads of customer returned items. It is a ton of work, and costs a lot more, but I don’t have to research. Most of the items I can simply scan a barcode and price them. Our gross sales on Facebook are absolutely crushing our eBay sales at this point. I’ve had 4 warehouse sales that went pretty well without any advertising, so this month we finally started to use social media…and I am nervous it will be too busy! At our last sale we had 20 groups of people show up each day with 15 of them making a purchase. Our facebook group added more than 600 members in the last 3 weeks. If even a fraction of our group members show up, we will have a very hard time keeping up. On top of that, I actually spent a few bucks on fb ads run over a 30 day period. Previously, I’d never advertised more than 2 or 3 days before a sale. I’m excited and terrified.
We have been purchasing 3 semi loads per month, but are moving to a larger warehouse where we will be purchasing 3 per week and hiring an employee. The real goal here ties into last weeks podcast–I want this to be able to almost run itself. I don’t know that would be possible with vintage.
I really have no way of tracking COGS on a weekly basis. This week we sold a hot tub for $1800, but it was part of a semi load from November. Hard to quantify the actual cost when it was just 1 out of hundreds of items. It just feels like a waste of times, so we keep track of cash deposits vs inventory kind of like a bar would.
01/18/2021 at 8:42 pm #85251
–Cool. So are you doing one of those “Amazon return” stores? Can you give us a sense of how much it costs to purchase a truckload of returns? Whats the net profit? What percentage of the truckload is junk? How long does it take to sell it all?
01/19/2021 at 7:47 am #85256Julie BParticipant
- Location: Georgia
Topnotch, Do you watch Resale Rabbit on Youtube by chance? He’s also in Wisconsin and runs warehouse sales throughout the year. He hasn’t been posting many videos lately but he has quite a bit of content out there. The kid is a workhorse. I like his warehouse sales videos most of all. He breaks down what he paid for everything, how he stocks up & restocks for the warehouse sale, how much he makes, etc.
01/19/2021 at 8:38 am #85260
Jay did an interview with him a few years ago. It was a fun listen.
01/19/2021 at 9:09 am #85261
This was when he was scrappy kid just driving around scanning items for Amazon. The “retail arbitrage” era. It sounds like now we’re in the “Amazon returns sold in a warehouse” era.
01/18/2021 at 10:10 pm #85252
Kind of, but not really a store. No thank you on the retail!
First truck purchased was an Amazon truckload for about $9k and it took around 4 months to recoup the money. We have made money on it and still have inventory, but a lot of it is not ideal for shipping and quite honestly I will probably never buy one again. That’s kind of why the warehouse sales came to be.
Lately we have been buying Lowe’s returns, which are under $4000 with freight. The loads are a lot more junk(25%?) and a lot more work, but the cost is low and we have recouped the money much faster through local sales. We do list a decent amount of it on eBay to keep the pipeline flowing. Net profit varies, but avg $4-5k per load. I am working on networking with local landlords, plumbers, etc so I can sell some of it immediately.
The first couple took 5-6 weeks to recoup the investment. It has gotten to be closer to 10 days now. We get a lot of repeat items, so we are able to find a missing part on truck #10 for an item we got on truck #3. I outsource almost all of the repairs so I can focus on listings and sales. The last 3 loads were full of grills and smokers, so we use a couple as parts to repair others. Lots of broken glass light fixtures or dented items that still hold value to people looking for discounts.
We never know the contents, so sometimes they are slam dunks while other times we really have to grind to break even. I think it’s a numbers game. We haven’t actually lost money on a truck yet..just time.
Biggest constraint is space. We have 3k sqft and are likely signing a lease for 10k that can be expanded to 22k if needed. My wife and I can process 2 trucks in a week by ourselves, but we end up moving stuff 5 times just to make room right now.
01/19/2021 at 8:18 am #85257
Nice. Sounds like good money on items that sell fast, but your equation has a lot of up front capital, need for a large storage space (10,000-22,000 square feet) and time. Sounds like you guys are having fun though.
I hear more and more about these auctions to buy merchandise returns. Are prices going up because more and more scavengers are seeing “quick and easy” money?
01/19/2021 at 9:52 am #85262
Super interesting, thanks for posting.
One of the things that concerns me about my business is that although my profits have been growing at a healthy rate, my storage costs have been growing at an even faster rate, and although they’re currently manageable, at some point they will catch up. Is the 10k-22k sq ft needed for expanding your operation and dealing with current inventory, or do you, like me, have a lot of long tail inventory that is starting to pile up? How do you deal with stuff that doesn’t sell?
01/19/2021 at 1:33 am #85255SimonParticipant
- Location: San Francisco Bay Area
Hi R&J. Thanks for the podcast.
Here are my numbers for the week:
Total Items in Store: 4389
Items Sold: 50
Total Sales: $1059.37
Cost of Items Sold: $129
Average Price Sold: $21.19
Average Cost of Item: $2.59
Highest Price Item Sold: $114.95 Lot of 2 Apple A1521 Airport Extreme WiFi Routers
Number of items listed this week: 84 worth approx. $1955
YTD sales compared to this time last year: +3%
Median age of sales (in days, between listing and selling): 120.5
Hats sold this week: 41 (82% of sales) worth $688 (64% of sales $)
I was happy with my sales this week. They were a little below last week but still good for this time of year.
In regard to slow shipments, a few days a package that I sent to France finally arrived. It was shipped in November and seemed to get stuck waiting for a ride to France for weeks. Speaking of which, this was an Ebay Standard International Delivery. Ebay customer support gave me this tracking tool (for DHL orders): https://webtrack.dhlglobalmail.com/ (Ebay’s own tracking stopped updating started in early December).
I’ve actually experienced slow shipping from the other side too. A buy start a return and shipped a camera before Christmas. It’s still not back. I refunded the buyer because it didn’t seem right to hold their money so long.
On the podcast you were randomly talking about smoking on planes. Smoking on domestic flights was banned in the 1980s but not on international flights. I did an international flight from New York to London in 1992. The seats next to the window were designated as smoking seats. I was traveling with my wife and we made the mistake of swapping seats with a smoker. He got the isle seat, my wife got the window seat. I spent hours on the flight inhaling smoke as the smoke from the smoker’s cigarettes travelled past my face to get to the window where the air intake was apparently located. It was one of the more miserable flights I’ve ever had. I felt like an ashtray by the time we arrived.
01/19/2021 at 8:19 am #85258
It’s strange to look back and think that people thought it was okay to smoke on airplanes.
01/19/2021 at 11:59 am #85268
The greatest airplane smoking story you’ll ever hear:
01/19/2021 at 2:48 pm #85273SimonParticipant
- Location: San Francisco Bay Area
It’s strange to look back and think that people thought it was okay to smoke on airplanes.
I know. Also in restaurants and the workplace. I remember my first office job there were 2 people on the same team that sat opposite each other. One was a smoker. The other was a non-smoker. Every time the smoker lit up, the non-smoker would turn a desk fan on and point it at the smoker. It went on like that for years.
01/19/2021 at 10:27 am #85265ChristineRParticipant
- Location: Southern California
Total Items in Store: 326 Ebay, about 75 Mercari
Items Sold: 4 Ebay, 5 Mercari
Gross Sales: $431 Ebay, $74 Mercari
Cost of Items Sold: $167 Ebay, $0 Mercari (our stuff)
Highest Price Sold: $295 (New bedding set, paid $160 last month RA clearance)
Average Price Sold: $107 Ebay, $15 Mercari
Money Spent on New Inventory This Week: $0
Number of items listed this week: 31
Thanks for the podcast. Your old “Equation” episode was my all time favorite. As a new and used seller, I enjoy both the faster listing on the new end and the cool vintage stuff with low COGS on the other end. I will not enjoy listing all of my death piles though as my standards have changed over the last 4 years. Got back into listing this week and hope things continue. There are some changes in my day job that may result in more of that work after this month but in the meantime I’ve been enjoying listing again. I hope you share pics when you have the shop all set up. Have a great week!
01/19/2021 at 1:30 pm #85271cdilsParticipant
- Location: Reno
Total Items in Store: 121
Items Sold: 7
Total Sales: 193.50
Highest Price Sold: $45 Planet X Pottery desert sunset plate
I echo the previous comments – thank you so much for this website, the podcast and forum! It inspires me and helps me keep working at this crazy venture. So hard to tell people what I do, they think an antique dealer is just old furniture and a picker is what they see on TV. It is nice to read about the real experiences of others working as resellers.
I had an average week, but was totally bummed that my best sale was cancelled because (supposedly) a kid used their parents ebay account. Relist and keep moving. I so wanted to file an unpaid item so they would get a strike, but reading here I know better. Keep it easy and move on! I am behind this week already, don’t need any more grumbling. Off to list some death pile stuff!
01/19/2021 at 2:47 pm #85272SharynParticipant
- Location: Central NJ
Yes, the USPS seems to have righted itself, although it still isn’t fixed. All of my delayed packages from last year have been delivered. The one Christmas brooch that was purchased on Dec 2 and delivered on Dec 28 has not been returned yet, and I hope it stays that way. I had someone open up a case yesterday asking why they haven’t received their first class package (purchased Jan. 6, opened Jan. 18), and I want to say “You have no idea, this is not late at all”, but I gave my regular answer about delivery issues and pointing them to the USPS tracking site that provides more information.
I’m also wondering about this new business venture of yours. With your helpers for eBay, cleaners for AirBnB, and, eventually, your partners with the coffee shop, you two are becoming more like managers that still do some of the grunt work. Some day, perhaps, you can arrange your businesses to run without you (the topic of last week’s podcast), and then you can be freed up to be globetrotters again.
Anyway, an average week for me:
Week of Jan 10 – 16
Total Items in Store: 1445 eBay, 27 Etsy
Items Sold: 21 eBay
Cost of Items Sold: $24.75 + $33.50 Commission
Total Sales: $438.68 eBay
Highest Price Sold: $51.90 for 4 decorative globe lightbulbs; $50 for 1960 Gillette adjustable safety razor
Average price: $20.89
Money Spent on New Inventory This Week: $0
Number of items listed this week: 21
01/19/2021 at 5:20 pm #85275LukastreasuretroveParticipant
- Location: Chevy Chase, MD
Good show this week. Can’t wait until the coffee shop opens and we have a new reason to return to Luray. Sounds like it is going to be awesome. Not a lot of competition for you and they seem to be in a different class altogether, from what I saw. And that location…
Had a great week on eBay with several high dollar sales. Sold another of my vintage Ansel Adams National Park posters, this time for full asking price of $399.95. Another cool sale was a 1960’s Knucklehead ventriloquist doll for $300. Another Radko Christmas garland for $200 and a fly fishing rig for $200. Don’t see weeks with that many large sales often.
Tried our hand at another online auction this past week, but prices are still through the roof on most of those around this area. We lost every bid except one, an antique bronze bust by a listed Belgian artist. Paid a bit more that we’d have liked, but my wife is Belgian and she thought it’d be nice to have around the house until it sells. After the purchase I found where another local eBay seller had the exact one listed on eBay until mid December.
Still have 8 packages lost in the USPS chaos. Had to refund one buyer last night whose item had shipped over a month ago. Had two negative feedback removed by eBay for Business on Facebook. The standard feedback removal request was rejected but they took it off within an hour.
Weekly Numbers 1/16/21
Total Items in Store: 1156
Items Sold: 24
Gross Sales (Not including shipping and tax): $1,714.37
Net Sales (After fees): $1,444.01
Cost of Items Sold: $348.00
COGS Percent 24.10%
Net Profit Margin: 63.93%
Highest Price Sold: $399.95 Vintage Poster
Average Price Sold: $60.17
Money Spent on New Inventory: $517.55
Sold via promoted listings: 14
Promoted Percentage: 58.33%
Average Days Listed: 269
Longest Listed: 1262
New items listed: 17
01/19/2021 at 7:35 pm #85281
When the smoking in bars/restaurants ban came into play, I was basically against if because I value the freedom even though I never smoked. Now I really enjoy going out and not getting a headache from the person next to me.
Julie B-yes I watched a bit of RR’s stuff. I still look at the totals from his sales, but I really never got into the hour long unboxing videos that most youtubers like to do. That’s why I gravitated here instead. I actually purchased 3 pallets of toys from him last year and he mentioned it in a video so I felt like a star LOL. His August sale was something like $70k gross sales in 9 days, which is amazing but his avg item price was something like $4 if I remember correctly. I really don’t have interest in that, but I did get the warehouse sale idea completely from him. I am just choosing to use it for less higher dollar transactions. Avg transaction was about $90 at our last sale.
We are definitely having fun. The loads I purchase are really a set price item. They did go up about $500 since Jan 1, but the quality also improved quite a bit so no complaints.
Simplicio-Expanding and dealing with current for sure. It will cost 1 truckload per month to cover the lease, but we are fully capable of doing 6 additional trucks by ourselves. Limited strictly by square footage right now. We waste a lot of effort moving inventory to make room and also have a bit that we have never sorted or listed because they’re large and we never have the floor space. Shower surrounds and doors in particular. Lots of interest, but I literally do not sell them because I need room to inspect. It feels foolish. We list all the smaller long tail on eBay, but seem to sell enough that we have adequate storage in that section. I am always more motivated to sell larger, longer tail items. I sold a $6700 retail whirlpool tub for $1800 because it gave me enough room for 2 pallets. I would have liked to hold out, but it’s a difficult item to sell and realistically it paid for 50% of the semi.
I know the added space will pay for itself immediately. I just wasn’t sure how much I wanted to throw away at a lease.
01/19/2021 at 9:43 pm #85282DoublythumbsParticipant
- Location: Hopedale, OH
Jan 10 – 16
- Total Items in Store: 4,118
- Items Sold: 36
- Total Sales : $952
- * BELOW yearly average of $1,061
- Highest Price: $250 (Pair of Stephens Trusonic 80-FR 8” Full Range Speakers)
- Average Price: $26
- Returns: 0
- Cost of Goods Sold: $28
- Costs of Goods Purchased this Week: $0
- Number of New Items Listed this Week: 45
Another fine week of sales and productivity. I’m getting through my inventory pretty quickly and will need to replenish pretty soon. Fortunately, there will be another online auction from that church building turned eBay store which has been liquidating their hoard. I had really good success from the last auction, so I have high hopes that this will land some good inventory.
I did some rough numbers and I think I’m going to downgrade my eBay subscription back to Premium when it comes time to renew in March. Since Managed Payments sellers get an additional free 10,000 listings in the Collectables category, it might save me over $150 a month since over half of my store is Collectables. Does anybody have any insight as to whether this will be a permanent thing?
01/20/2021 at 5:36 pm #85290MyCottageParticipant
“I did some rough numbers and I think I’m going to downgrade my eBay subscription back to Premium when it comes time to renew in March. Since Managed Payments sellers get an additional free 10,000 listings in the Collectables category, it might save me over $150 a month since over half of my store is Collectables. Does anybody have any insight as to whether this will be a permanent thing?”
It is as permanent as anything on ebay. Meaning, it is subject to change, but it was not announced as only good through “x” month or year. I downgraded my Premium Store last year when it came up for renewal not long after the change, and haven’t regretted it.
01/20/2021 at 5:56 pm #85291SharynParticipant
- Location: Central NJ
They won’t charge you to downgrade your subscription if you do it when you are up for renewal. If the benefit is taken away at some time in the future, you won’t be charged to upgrade.
01/21/2021 at 9:15 pm #85312LibbyParticipant
- Location: Lehigh Valley, PA
Hi All! I actually started a YouTube/Podcast channel called “Consignment Chats” that is dealing with consignment and ecommerce. Would love to have anyone join us who is interested in consignment or looking at adding it as an option to their resale business. Thanks in advance! -Libby
We would totally appreciate your support!!!
01/24/2021 at 9:00 am #85344BroadstoneParticipant
- Location: Wilmington, NC
Late to the party, and originally posted on wrong thread:
Total Items in Store: 1682 (all Etsy)
Items Sold: 21
Gross Sales: $6,393.48
Cost of Goods Sold: $2,219.84
Gross Profit (before income taxes, office supplies, etc.): $4173.64
Highest Price Sold: $4,135.57 (14K Antique Pocket Watch)
Average Price Sold: $304.45
Returns: 1 (opal earrings, which I relisted at a higher price due to the increase in the price of gold since it was listed)
Money Spent on New Inventory: $0
Number of new items listed: 12
Clearly, one high-dollar sale can make for a very good week for me.
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