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We had our first 70 degree weekend in Virginia and it feels like Spring. We also had our best weekend at Broad Porch Coffee in Luray. We were swarmed
[See the full post at: The Numbers: February 27-March 5, 2022] -
02/27/22 – 03/05/22
Total Items In Store: 4273 (was 4272 previously listed)
Items Sold: 11
Total Sales: $392.92 (no shipping or included)
Highest Price Sold: $60 (Handmade item)
Average Price Sold: $ 35.72
Money Spent on New Inventory: $194.41
Number of items listed: 12Gut Sales Report for the week: Worst week for sales in recent memory. My STR is way down since January.
Focus for the week : Getting things organized. Wasn’t able to work on things in the past week or so.
Scavenge of the week: Picked up a nice Carhartt Blanket Lined Jacket for $10. Also picked up a pair of Cabelas 800 Gram boots.
Thoughts for the week: Going to try and get some listing done to bring up my STR.
Mark S
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Weekly sales 2/27 – 3/05
Total items: 7811
Items sold: 126
New items listed: 350
Gross sales: $1,775.78
Net sales: $1,252.63
New buyers: 108
Repeat buyers: 4Etsy
Orders: 21
Gross sales: $310.00
Net sales: $263.50Gross sales total: $2,085.78
Net sales total: $1,516.13Glad your hear your coffee shop is doing well! If I am every in the area I will try to swing by.
So last week I had an expensive hat story and this week I’ve got another. I had basically the complete opposite thing happen from last week. I listed a vintage ralph lauren hat for $225 based on what I saw similar hats going for (couldn’t find the exact one) and someone offered $150 within a few hours. I decided to let it go for that since I only gave about $2 and I was happy with that sale. A couple of days later, someone messaged me about the hat (I guess they searched the solds) and offered me $450 if I hadn’t sold it already. That was a painful message to get lol.
Oh well, I still sold it for good money, I guess I should list hats I think are expensive as auction just in case this scenario comes up again.
My hat sales blew up over the weekend, I guess people are getting ready for spring.
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Just for giggles you should write the person who bought it with a message thanking them for their purchase, and remind them that if they are unhappy for any reason you are now offering free returns.
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Items in Store 1710
Items Sold 39
Total Sales $1,310.00
COGS $112.00
Total Profit $1,198.00
Average profit $30.72
Average sales price $33.59
New Listings 148
Items scavenged 7
Listing 2022 weekly Avg 59
Sourcing Allotment 47Whew, what a productive week! I completely reorganized my ebay office, installed a new hot tub in the office (everyone should have a hot tub in their office for listing and team meetings – lol!), cleaned out my non-ebay storage shed (and listed/sold a bunch of stuff on FB Marketplace), and made 148 new listings (lots of multi-quantity, so new listings was over 500 actual items) . I’m blowing my 40 listings/week average out of the water.
The bulk of the new listings was that massive craft haul from last weekend. 84 of the listings were the variations I made for the markers. I’ve never done variations before, so it was time to learn. Normally I would have made separate listings for every single UPC but in this case it made more sense to list them all together in order to drive multiple item sales.
I had 4 sales for $65 from the craft haul pipeline this week. If I can get about $50 in sales a week for the rest of the year from that pipeline I consider it a great success.
Since I’ve been busting my butt so hard to list a bunch, I figure it’s a good time to review year over year results for February. I really started to see the results in February from the work since the beginning of the year.
February 2021: February 2022:
Items sold: 87 Items sold: 133
Total Sales: $3528 Total Sales: $4546
Average Price: $40.55 Average Price: $34.18
New listings since 1/1/21: 270 New listings since 1/1/22: 592
YoY Increases: 53% more items sold and 29% more total sales.
So CLEARLY that massive increase in listing volume resulted in the increase in sales. Let’s keep that ball rolling all year and see where I land. This is exciting! Not bad for a part time gig.
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Week of Feb 27 – Mar 5
Total Items in Store: 1428 eBay, 35 Etsy
Items Sold: 13 eBay, 0 Etsy
Cost of Items Sold: $11 + $52 Commission
Total Sales: $278.56 eBay; Includes fees but no shipping
Highest Price Sold: eBay $40 tie between Tuxedo (pants & jacket) & Arbonne NutriMin hydrating wash
Average price: $21.43
Returns: 1
Money Spent on New Inventory This Week: 0
Number of items listed this week: 33Slower week than the past two weeks, plus one rare return.
I started working the auction haul from a week ago, which resulted in a pretty big listing week for me. I’m still listing for my neighbor, so my commission expenses are up. I need to write my first check for him soon.
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I’m curious, how do you handle the issue that you are taking on the liability of returns and INAD’s with your commision sales? Do you wait until after 30 days to pay out your commission?
Have you discussed that scenario with your neighbor and how it will be handled?
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Yes, once upon a time when I first started a commission for a family friend, I decided to write up an agreement explaining the fees, timing, and all sorts of details. I was concerned about there being differences in opinions on value, payment, and so forth.
I’ve only done this sort of thing for friends, and ones who were really loosy goosy about the process. Stuff like “I just want the stuff to be used by someone, and I like the idea that you are making money off of it”. My neighbor is totally like that, so I’m good with the situation.
I updated the agreement and brought it over to him. I’m not sure he read it, but he is a lawyer and was very impressed that I even had one.
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As far as INADs and returns, I would handle them as I normally do, and then either take it out of future payments or just now consider it my own item and take the profit as it resells. I think it happened once in the past, and I just resold it as my own. This hasn’t happened for me often enough to make a concern.
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Not a good sales week for me – I spent more on Broad Porch coffee than I made on Ebay plus I have a return coming. LOL. Better luck this week maybe. Anticipating having less day job projects this spring and that could be a major shift in my time. We’ll see.
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I finally hit over $5k listed, next up is to hit 200 items listed (I have been hovering around 180 for a long time).
My sales have taken a huge nosedive this first week of March despite daily listing. Only one sale in 8 days and on my other platform (TRR) I’ve suddenly had more returns than usual in the same timeframe. Not sure if it’s the nicer weather causing people to shop less, or the war in Ukraine impacting (people following news instead of shopping, possible economic uncertainty, etc). Maybe it’s nothing! Just working on listing more now.
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My sales have taken a huge nosedive this first week of March despite daily listing.
Congrats on getting your store inventory higher! I think there are a number of factors causing people to question their purchases. For us, its never good to judge based on just a couple weeks of slow sales. We’re playing the long game.
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