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Check out our coffee! ► broadporchcoffee.com Join the conversation in the forum>> Our Store Week April 11-17, 2021 Total Items in Store: 7546
[See the full post at: Scavenger Life Episode 510: When Are You Opening?] -
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Sales for us have been very slow for the last month. Only netting 800/week, but also know that our focus has been on moving warehouses and having a local sale. No new listings in basically 2 months, and very little for the month prior.
We did have a similar issue just 2 days ago with a wrong address–they did not include the apartment #. I contacted ebay for business through facebook and was told that I did my part and did not have to do anything else, but could request shipping through paypal from the buyer if I wanted to mail it again. I sent that info the the buyer, they opened a case and won the refund. I sent another message to ebay for business and it was overturned. I was paid and can relist it again for sale. I wanted to do the right thing and ship it back, but she wanted me to pay for her mistake–now I will get paid twice for the same item. Cannot complain at all.
As for 1099s–I have a lot of experience both receiving and sending these…more than 1000 in the past 15 years. They have always been for the total deposited/paid amount only. I don’t see any reason eBay would go with the gross and create tax issues for the government with unsophisticated sellers not understanding how to proceed.
Our warehouse is getting there. Local interest is through the roof. We brought in about 6 semis of product and have 2 more on the way. It won’t be perfect like your coffee shop, but nobody really expects perfect when buying this type of inventory. All in all, quite the feat with only 29 days prep time. I wish we could do perfect, but then where is the room for improvement?
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Our warehouse is getting there. Local interest is through the roof. We brought in about 6 semis of product and have 2 more on the way. It won’t be perfect like your coffee shop, but nobody really expects perfect when buying this type of inventory. All in all, quite the feat with only 29 days prep time. I wish we could do perfect, but then where is the room for improvement?
That’s exciting! Yeah, I think a warehouse wholesale business has different expectations than a coffee shop. As long as people get good deals, I doubt anyone will care about design/hospitality inside your space 🙂
Are most of your customers resellers?
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Items in Store 1528
Items Sold 35
Total Sales $985.00
COGS $114.00
Total Profit $871.00
Average profit $24.89
Average sales price $28.14
New Listings 18
Items scavenged 18
Sourcing Allotment 11Last week I started going through a vintage record haul from last summer. To do that I also had to test out some audio equipment. First two record players didn’t work and couldn’t fix them. 3rd one I was able to get running. This haul was a bunch of rock albums from 60’s,70’s and 80’s. Black Sabbath, Rush, AC/DC, Tom Petty, Beatles, Led Zeppelin. It was an AMAZING haul!! Some of these records are worth some bucks. I can’t wait to reap the rewards of my efforts.
I’m playing most of the albums before listing and I can totally understand why folks prefer vinyl. A good quality system plus a great condition record is superior to digital. Not to mention I feel at least 20% cooler with the record spinning. Lol!
In other fun scavenger news, we had a birthday party for one of our children themed as Mickey Mouse Clubhouse. My wife asked me to dress up as Pete. So I looked at his outfit he typically wears – denim bib overalls, blue collared shirt, and work boots. I did a quick search of my ebay inventory, went out to my storage shed, and came back wearing a complete Pete outfit. Ebay to the rescue!
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Good morning!
What do you guys when you have a buyer who doesn’t understand the concept of “customs”? (I realize if you use the GSP you don’t have this issue very much.) I have just explained it to a guy who opened a case… wish there was an official ebay page like “Customs and you, explained” that I could just forward him.
I had a great week on ebay.
Sales: CAD$5994, 20 sales, COGS: $1427, Fees: ~$804, Postage: $476 –> Gross profit: $3287
Expenditures: $290, New inventory: $565 –> Cashflow: $3859
Sold an instrument panel for a crane, and some breakers… forget what else.
I have been listing quite a bit, but not new inventory! Implementing a redundant SKU system and comparing my ebay store versus my tracking spreadsheet has uncovered many items – maybe 25 so far – that were sitting unlisted in storage. One of them is absolutely huge and has been sitting for 2 years. It sold the next day for $1200 (granted the buyer hasn’t paid yet but I think they will.)
It’s always cancellations! Watch those confounded cancellations, especially on multiple qty listings.
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What do you guys when you have a buyer who doesn’t understand the concept of “customs”? (I realize if you use the GSP you don’t have this issue very much.) I have just explained it to a guy who opened a case… wish there was an official eBay page like “Customs and you, explained” that I could just forward him.
This is exactly why we use GSP because many buyers dont understand customs. We’d have people in the UK refuse delivery because they realized their government charged VAT tax and import duties outside the eBay transaction. I like that GSP charges everything up front.
What country is the buyer in who doesnt understand customs?
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USA. I think he’s just an inexperienced buyer. He’s threatening to refuse delivery and then call his credit card company so I think this may end up with me eating the shipping.
It’s OK, cost of doing business I guess. Kinda bothers me that he thinks I’m cheating him though.
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Not that I can remember from internet purchases. The US has no VAT tax.
BUT it looks like there may be duties if over $200?
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I have this little snippit at the bottom of each of my listings. It probably still isn’t read, but at least I can say I warned them:
International Buyers – Please Note:
Import duties, taxes, and charges are not included in the item price or shipping cost. These charges are the buyer’s responsibility.
Please check with your country’s customs office to determine what these additional costs will be prior to bidding or buying.
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I’m sure we’ve all lost sales because of GSP costs up front, but no thank you on the customs hassle! I had the same issue with unlisted items, so we went through our inventory locations 1 by 1 about a year ago. Thinned out some stuff that we probably never should have listed, and got a few others online that were forgotten. Our process is to photo and store, list later. If we had questions when listing, some items slipped through the cracks and never were dealt with.
Our primary local customer at the warehouse are just consumers trying to do a cheap remodel on their kitchen and bathroom. Our ideal customers that we market to are landlords and house flippers. People that can buy a vanity 75% off and fix the leg that is broken. That sort of thing. We do have plenty of new product, but 75% of it is open box scavenge type items. We still do the auctions for our weird stuff fix–and that’s a lot more profitable on a per item basis. But the truckloads seem like easier product to train employees and scale with simply due to the barcodes. We don’t have so much research to do, but do a lot of repairs–that is the downside. I try to outsource a good amount of that as I do not enjoy cleaning carbs on gas powered yard tools.
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4/10/21-4/16/21
Total Items In Store: 2185
Items Sold: 35
Gross Sales: $820.72
Highest Price Sold: $60 (Vtg Work Shirt w/Wheel Horse Patches)
Average Price Sold: $23.45Returns: 0 $0
Money Spent on New Inventory: $0
Number of items listed: 41- Sales picked up this week a bit. Still below my $1K goal, but much better.
- If someone had told me two years ago that selling 35 items in a week was a bit slow, I would’ve thought they were crazy.
- My high sale was actually a total of $240. I had a buyer purchase a number of Wheel Horse shirts from my store. I took offers of $60 each for two of the work shirts and some lower offers on a few other shirts. I probably could’ve gotten more for them over time, but took some lower offers since the buyer wanted several of them.
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- April 11 – 17
- Total Items in Store: 4,181
- Items Sold: 29
- Total Sales: $769
- * BELOW yearly average of $1,072
- Highest Price: $50 (Ekco Ekcoline Stainless Steel Red White Handle Spatula Flipper Turner)
- Average Price: $26.50
- Returns: 1
- Cost of Goods Sold: $37
- Costs of Goods Purchased this Week: $0
- Number of New Items Listed this Week: 56
It’s been another somewhat slower week, especially at the beginning. I think it has a lot to do with the weather warming up. People are preoccupied with yard work or outdoor activities and aren’t bored shopping as much. It’s all well and good though. I’ve prepared for the slower time of the year so that I myself can slow down and enjoy the good weather.
All last week, I worked on parting out cuckoo clocks. I bought a huge lot of old beat-up cuckoo clocks at an auction for $40. The previous owner was all into clocks, and it was obvious these were either the donor ones or were being saved for restoration. To maximize my profits, I disassembled these things as well as I could and listed all kinds of individual parts. I already made back my original investment and have got loads more to sell. And I learned a ton about cuckoo clocks for the future.
On an unrelated to ebay note, I had my shed built on Friday. I hired an Amish crew to come “raise a barn.” I’m not exaggerating when I tell you it took them an hour and a half to build my shed. Granted, the pieces were more or less pre-cut and the foundation was already built, but I sat there and watched them construct this thing with such speed that I barely had time to finish my coffee before having to settle the bill.
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Congrats on the new storage building. This is when you know eBay is serious business! How big is it?
Three guys put up our big metal building in about 10 hours. It’ll last longer than I’m alive.
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It’s just a baby compared to yours. 12×16 ft. More than enough for all the lawn equipment that was crowding my garage. I’m sure some ebay stuff will make its way down there for storage eventually.
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I had a 12×20 gambrel roof shed with a porch built in less than 5 hours from the time they pulled in the driveway to the time they left. Probably the same people I had build mine. They had to make a new foundation because the ones they brought were the wrong size.
The only thing preassembled were the roof trusses.
It was incredibly impressive to watch.
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Jay, Ryanne,
Once a sale is complete, you can exchange personal information. You could have asked your buyer for their PayPal email address and then invoiced them.
A few months ago, a buyer in Colorado bought something large from me not understanding that it was local pickup. I didn’t want to lose the sale, I was able to figure out how to box it, and he was willing to pay shipping. I asked for his PayPal email address and then invoiced him from there. I imagine that as long as the sale isn’t more than three months old (when they get dropped from your Orders page), you should be able to exchange contact information.
Week of April 11 – 17
Total Items in Store: 1327 eBay, 44 Etsy
Items Sold: 19 eBay
Cost of Items Sold: $12.90 + $6 Commission
Total Sales: $289.63
Highest Price Sold: $35.66 framed painting
Average price: $15.24
Returns: 0 ($20 refund for part of a lamp damaged in shipping)
Money Spent on New Inventory This Week: $0
Number of items listed this week: 4Sales were slow, but I’m busy outside of eBay. I actually sold a reasonably good number of items, but they were all smaller value.
Our freecycle event is this coming weekend, so I ended a number of breakable items that I’ve had for a while, and I’ll give them away for free. In general, my inventory is getting smaller since I now have that part time job, and I don’t have as much time for listing. I also don’t have as much time for the extra effort to pack low value breakable items (typed as I am in process of packing a $10 porcelain cup and saucer).
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4-12-21 to 4-18-21
Total Items in Store: 1363
Items Sold: 16
Gross Sales: 451.48
Net Sales: 250.13
Cost of Items Sold: $ 25
Highest Price Sold: $ 149.99 Used Samsung Phone
Money Spent on New Inventory This Week: $0
Number of items listed this week: 25Steady sales this week. Kept listing but at a slower pace. Got my second vaccine shot so looking forward to being able to go out a bit more (with mask of course) and see some friends who are also vaccinated.
Downgraded my store. Touched base with customer service and they said if I saw an early termination charge to contact them. Nothing in my last invoice (April 15, downgraded April 12). Will keep checking. Curious how my invoice/bill/whatever it is called now will look as it was explained to me that my new store rate will start May 1. Thinking maybe I will get a 14 day bill for April 16 to 30? Will see.
Did notice a $6 charge for Seller Pro in my latest invoice. I opted out of that when I downgraded. I think it is $10 a month for Basic stores. I never used it. Perhaps the $6 dollars covers the rest of the month of April. So confusing and complicated for no real reason. I’ll be glad when all of these changes clear the system and I know 100% what the cost will be again.
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Total Items in Store: 139
Items Sold: 7
Total Sales: $170.00
Highest Price Sold: $75 Peter Stone decorator trotting draft horse
Average sales last week, my only blip was a buyer who sent a message that they were unhappy with a purchase. I checked here for advice and followed the professional, quick email format and haven’t heard back. Whew, I get so few it give me the heebie-jeebies that it will turn into something bigger.
I spent last week delisting items, then had a yard sale Fri-Sat. Busy all day Friday, slow as molasses on Saturday. Had lots of rust and old tools from clearing out some sheds, it FLEW out of the garage! None of the bigger furniture sold which was a bummer. Now I have to list individually and deal with questions, viewing, and general hassle. Likely will be a quiet week on eBay as I will spend most of the week working in the neglected antique booth. Sounds like good timing since it is a slow time all around. Just keep swimming!
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7/11/21 – 4/17/21
Total Active Items (2 different IDs): 339
Items Sold: 10
Gross Sales: $217.68
Highest Price Sold: $58.00 – a USN Blue Angels CPO/SNCO consignment challenge coin.
Returns: 0
COGS: $67.06 (including commissions but not including cost of any family castoffs sold)
New Listings: 3
$ Spent on New Inventory: $10.50The $10.50 spent was all on an eBay snipe for a vintage carburetor with a 10x profit potential, with free shipping. I felt a little sorry for the seller but I guess they got back at me by sending it in a Priority flat rate envelope to save a couple dollars. The cardboard one, not the padded one, which ended up pretty shredded by the time it got to me and was all taped up by the USPS with “received damaged” stickers all over it. Fortunately old carbs were built tough so no damage.
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Thanks for the podcast R&J. I’m excited for you guys that the shop is so close to being open. (Maybe it’s already open as I type this?)
Here are my numbers for the week:
Total Items in Store: 4541
Items Sold: 62
Total Sales: $2370.26
Cost of Items Sold: $461
Average Price Sold: $38.23
Average Cost of Item: $7.44
Highest Price Item Sold: $423.96 NAD 2700 Monitor Series THX Power Amplifier
Number of items listed this week: 72 worth approx. $1627
YTD sales compared to this time last year: +28%
Hats sold this week: 49 (79% of sales) worth $854 (36% of sales $)From a $ perspective I had my best week in 6 years of selling on eBay thanks to some high (for me) dollar stereo items that I picked up at a couple of garage sales. The amplifier mentioned above went to a freight-forwarder so, fingers-crossed that I don’t hear anything more about that transaction.
Thanks for the tip about the tax invoice (mentioned on a different thread in the forums too). That looks like it will be handy for my monthly book-keeping. Of course, when it comes to ebay, there are other things to keep track of. Sales, refunds, returns and cancellations come to mind as numbers to record regularly.
While snooping on the broadporch website to see if the Luray location was open yet, I noticed there’s a 3rd “test” location. Is that going to be your next project. 😀 (See this screenshot: https://imgur.com/a/O8CjLwT )
I hope everyone has a fun and profitable week.
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While snooping on the broadporch website to see if the Luray location was open yet, I noticed there’s a 3rd “test” location.
If all goes well, we may have a third location this summer. https://www.dnronline.com/news/rockingham_county/council-approves-broad-porch-coffee-lease/article_86c33556-cfb6-52fb-b254-24c327cab415.html
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Thanks for the podcast. I see a few of those wrong address issues a year. So far, all have come back to me and I’ve been able to have the buyer send me additional shipping funds via paypal. I’ve never had an issue with eBay and sharing address information after a sale.
Sales this week weren’t frequent, but sold some more expensive items that saved the week. Best sale was a bank draft from 1807 for $60,000. That’s the equivalent of $1,340,000 in today’s dollars. This was another piece that came from my trunk of historical documents and old money. The gift that keeps on giving.
Sales Report for: 4/17/21
Total Items in Store: 1146
Items Sold: 11
Gross Sales (Not including shipping and tax): $762.92
Net Sales (After fees): $645.69
Cost of Items Sold: $163.97
COGS Percent 25.39%
Net Profit Margin: 63.14%
Highest Price Sold: $275.00 Antique Bank Draft
Average Price Sold: $69.36
Returns: 0
Money Spent on New Inventory: $0.00
Sold via promoted listings: 5
Promoted Percentage: 45.45%
Average Days Listed: 237
Longest Listed: 717
New items listed: 19 -
4/11/21 – 4/17/21
Total items in store: 2253
Items sold: 73
Gross sales: $3008.79 (up 57.4% from one year ago)
Net sales: $2137.13 (up 67.7% from one year ago)
Highest price sold (net): $293.85 — 4 unique cards of former Miami Dolphins, and current Tennessee Titans, quarterback Ryan Tannehill (1 printing proof, 1 patch card with the Dolphins logo and 2 patch cards with letters from his name)
Lowest price sold (net): $8.51 — an 18 year old card with a piece of the helmet facemask from former Pittsburgh Steelers receiver (and Dancing with the Stars contestant) Hines Ward
I also had a wrong address returned to me this week, a rare autographed card of retired (and recently deceased) basketball Hall of Famer Tommy Heinsohn which was particularly desirable because of the set it was from, Panini’s Impeccable Championships which celebrates players who have won multiple NBA titles with an elaborate design. So autographs from this set carry a premium versus autographs of the same player from less desirable sets. I had priced the card high because of the set and sold it in early January for over $500 to a buyer who used a freight forwarder, very common with sports cards because so many buyers are outside the US, especially with basketball cards where there is a massive collector base in China and Hong Kong.
Of course, of all the packages to disappear, it had to be this one. The tracking stopped after a few days, and the lost package case I opened turned up in no information at all. Much to my surprise, the buyer never contacted me (likely because freight forwarders void eBay’s buyer protections) and I assumed incorrectly that the card had shown up in the buyer’s mailbox without any tracking update. I’m glad the package finally made its way back to me and hopeful that the buyer will respond when I reach out to try and find out their correct address.
My number of items sold was much higher than usual this week because I listed most of the cache of 150 hockey printing plates that I mentioned in a post a few weeks ago, and have sold over 30 of them already which has more than covered my initial investment of $400. Most of the plates that sold were purchased within the first 24 hours of listing and many of the buyers user IDs have names like (player name)fan or (sports team) collector. Those collectors definitely fall into a category that has been discussed a lot on the podcast over the years — they get this intrinsic joy out of collecting and have money set aside for it every month and saved searches set up so when some random guy in New Jersey (that’s me) lists the plates of “their” player or team, they are ready to click the buy it now or send those offers and make the deal. These are the kinds of buyers I love to sell to. But it made for a very busy weekend. I brought 44 packages to the post office on Monday, which is as many as I usually have in a week. The last few days have been much slower, but I needed the break.
Hope everyone has had a great week.
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Those collectors definitely fall into a category that has been discussed a lot on the podcast over the years — they get this intrinsic joy out of collecting and have money set aside for it every month and saved searches set up so when some random guy in New Jersey (that’s me) lists the plates of “their” player or team, they are ready to click the buy it now or send those offers and make the deal. These are the kinds of buyers I love to sell to.
Congrats on the continued success selling sports items. Fun to watch you go.
I agree that collectors are great buyers. Im glad we can help them..and they help us with $
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Thanks Jay. It has been a slow build to this sales level the last couple years, some missteps along the way and a lot of unglamorous work, but it’s nice to have the pipeline in place. I have enough confidence in my processes and enough of a diverse inventory within the trading cards niche that I know I’ll be ok regardless of what happens with the card ‘bubble.’ It’s a bit of an odd feeling as my young adult life was full of financial struggle, but it’s nice to think beyond that and even start to dream about some of the opportunities you and Ryanne have pursued. Can’t wait to hear about the shop opening! We are all rooting for you both.
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I heard you guys mention on the podcast recently about Ebay having videos to sell products. I recall someone mentioning a lazy Susan in a long ago podcast, which could work. There is a thing called a Micro Go Round , it is a wind up thing you put in a microwave if you don’t have one of those rotating plates already in your microwave. Scavengers, do a search on this, this might end up being a great device for rotating product for a video, like footwear etc.
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Scavengers, it appears the Micro Go Round idea has already been thought of, here is a great video, please watch. https://www.youtube.com/watch?v=phzZF2meox4&ab_channel=knoptop
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Its an interesting idea. I’m not sure if watching videos of items will catch on. I think video is powerful really for items that have movement or are powered (clocks, electronics, etc).
But I have heard of a guy in my area who’s started a Facebook Live video stream where he sells items. I guess its like a homemade QVC channel.
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Hey Guys… Been over 4 months since my last post. Just a whole bunch of stuff going on that we had to put full force focus on.
Question for the group.
With wife’s health issues still lingering, we have decided to pull some of the larger items and sell them locally either in a yard sale or individually through FBMP and other local channels.
Had our helpers and us all discussing the methods. Of course everyone started talking about selling locally and the safety issues like meeting at a safe location, meeting at police station, and all the messages back and forth that comes with local selling.
So the thought occurred to me and thought I would run past the group here.
What is the difference of having a yard sale, advertising in all of the same sources, sitting in our driveway and only have one person drive up, get out and buy something or advertising a single item and having one person come to the house for a local pick-up. Why all the danger preparation, meeting off site, using cameras, and all the being afraid as compared to only one person showing up every hour and it’s a
yard sale”. Isn’t the one on one danger just the same? Same advertising sources, same people looking, and only you and one person buying and the yard sale guy knows your address also.Any thoughts on why it is better to go through all the off site stuff?
Mike at MDC Galleries in Atlanta
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Hiya Mike! I’ve had both a yard sale at the house and local Craigslist sales recently and did all the latter at the house. I think in my area the few publicized issues re Craigslist/FBM robbery victims (aside from crime arising out of personals ads) that I have noticed have been with cell phones and cars and the robber has been the one advertising the item with the potential buyer being robbed of the cash they brought for the purchase. (Though I know nationwide both sellers and buyers have been victimized.) I found that a couple of my Craigslist buyers wanted a little more information about me before they came to the house – they were more worried about it than I was.
Maybe the yard sale environment feels more public. More people may be willing to go to a yard sale than would go to a stranger’s house alone. For our yard sale we did sort of a combination, adding additional separate listings for some of the major items we had and stated that they would be at the yard sale but several of the items took much longer to sell.
Hope it’s only a matter of a short time before your wife is on the mend.
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Hello to you also Temudgin.
Yep been about a year and a half and $330,000 after all said and done for Susan to get all the radiation, chemo-theraphy and 3 operations for stage 3b endometrial cancer. She also still has <span class=”ILfuVd”><span class=”hgKElc”>osteoarthritis and rheumatoid arthritis, degenerative back disease and now they told her she needs two knee replacements. Poor kid, I feel so sorry for her. Just pains her to move much at all these days. She hasn’t been able to work on the online businesses much for about two years.</span></span>
One of the reasons we are culling out any larger pieces from our inventory is because I can hardly run 3 online stores myself even with the 2 part time helpers. Budget restraints will also force me to probably have to drop the helpers but will keep them to help us get everything listed prior to 4th quarter. But from there on, I think it will have to be just me doing the stores and caring for Susan.
Took her out for breakfast and lunch today. It’s our 52nd anniversary and that was about all she could take.
I agree with you, that the fear of meeting at a persons house is maybe overblown. I subscribe to what is the difference between a single buyer at a yard sale and a single buyer coming for only one item. To top that off isn’t selling one item from your yard the same as selling 24 items from your yard.
I could just make sure I always advertise “a small yard sale” and always have 3 or 4 items for sale at a time and show those in photos. Then, viola’ it’s officially a yard sale, small as it may be. But I have got to move out [sell] these larger items. The large 7 piece stereo system, 2 dress form mannequins, a movie projector screen, lawn swans, pet litter boxes, metal tri-pod, large beer sign mirror, over sized framed art, and about 100 pcs. of smalls. Sounds like a yard sale to me.
Thanks for the reply.. Been following everyone on here since I last posted about 4 months ago. Everbody seems to be making sales and growing despite what curve balls Ebay keeps throwing at us.
TTFN…Mike at MDCGFA in Atl.
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@huncrelan – Good to see you back on the forum. I agree that there isn’t a significant difference and I’ve never been too concerned about having someone to the house. I have to believe that those stories we hear on the news are really few and far between considering the number of transactions that have to be going on. Kind of like the old hitchhiker stories that used to go around before the internet. That said, it may be different in areas with higher crime rates.
That must be really tough for Susan. I hope she’s able to find some relief.
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Mike! I was just thinking of you guys this last week. As internet friends, we all come and go.
Sorry to hear about Susan, but congrats on 52nd anniversary! Ryanne have like 37 more years if we make it. I’d be 85…..
I agree that people coming to then house is no big deal. Never had an issue. I subscribe that people are generally good. Maybe just a little nutty but I include myself in the nuttiness.
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Hi Mike,
Glad to see you back. You have been missed.
I agree with Temudgin, that the victims in these meetups, tend to be the potential buyers who show up with the money. I doubt that a thief would even know what to do with the items you are selling.
If your goal is to unload these items, then a yard sale would seem to be the quickest way, but of course the sale prices would probably be lower.
As far as meetups go, common sense should prevail. Late nights and weird requests should be red flags.
Whether you want the buyers to know where you live is up to you. I’ve had them come to the house and also have met buyers as public locations near the house. I’ve never had an issue with any of them, except of course, for the flakes that never show up.
Hang in there Mike…
Please give Susan my best wishes and prayers. I hope she feels better soon.
JOE
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