- This topic has 7 replies, 7 voices, and was last updated 1 year, 4 months ago by
.
-
Posts
-
-
This week we had a dress returned for the second time in as many months. It’s a “mother of the bride” dress and we are suspicious people are “renting”
[See the full post at: The Numbers: Week of October 8-14, 2023] -
Jay, have a good trip and let us know how your delist/relists go! I also had the same pair of vintage jeans returned for the second time for fit issues (even with detailed measurements) which is a little frustrating, so this time I didn’t even want ’em back.
3 Returns and a slow sales week… but nevertheless here are the numbers:
My Store Week October 8-14, 2023
Total Items in Store: 831
Items Sold: 26
Gross Sales: $573.79 (including eBay fees, shipping, and taxes)
Net Sales: $228.10 (minus eBay fees, shipping, taxes, returns)
Cost of Items Sold: $37.08
Highest Price Sold: $35.95 (NWT Women’s Jeans from the .99 rack)
Average Price Sold: $22.07 (inc. shipping)
Returns: 3
Money Spent on New Inventory This Week: ~30
Number of items listed this week: 35$ Amount Listed this week: $579.85
Hope the sales are good for all this week!
-
Total Items in Store: 1,037
Items Sold: 16
Gross Sales: $753.27 (including eBay fees, shipping, and taxes)
Net Sales: $467.63 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $80
Highest Price Sold: $90 (Mid Century tile, paid $1.99)
Average Price Sold: $47.08
Returns: 0
Money Spent on New Inventory This Week: $180? Target RA Xmas and Anthro clearance.
Number of items listed this week: 56Happy to see the numbers because it felt slower than this and I would have bet on a lower ASP. I hope you get an opportunity to give a lot of offers R&J once you do sell similar. Enough voices and personal experience have convinced me that it’s a thing.
Had a nice weekend off in LA. Most thrift stores I’ve tried down there are surprisingly not great. I’m staring down a bunch of haul backlog that I need to clear. More linens, needlecraft kits, Target, Christmas vintage ornaments. Sounds like I don’t really need to thrift much this week, but will probably go to the flea market. It’s fun.
Ps. I feel like people’s ethics have gone down the toilet. Sorry about the renting.
-
Items in Store: 2790
Items Sold: 49
Total Sales: $3,382.00
COGS: $326.00
Total Profit: $3,056.00
Average profit: $62.37
Average sales price: $69.02
New Listings: 85
Items scavenged: 9
Listing 2023 weekly Avg: 45Once I realized I had a shot at 3k I pushed HARD on listing the shoe collection this week. My son had an event at the library Saturday morning so I stood out in the parking lot listing shoes while standing in the entrance to the sliding door of my van. I got some weird looks. LOL! I had to do some significant inventory management to create some more room for more of these shoes. That new room is filled already so now I have to get more creative. I have a plan and in the meantime I will be going through my inventory and doing sell similar on older listings that take up a bunch of room. Hopefully some of them sell this week. For now my van has to act as temp storage for unlisted shoes. I may need to shift to listing bigger death pile items that aren’t high value to generate some sales and clear up some space.
Not much scavenging this week. Sunday was spent rebuilding our entranceway closet. I don’t just have to be super efficient with my ebay business – having storage for 8 people for shoes/jackets in a single 6′ long closet requires some high end efficiency work too!
I watched a video last week that talked about growth (see link at bottom of post). It made me really think about my monthly STR. So I took all my sales data, broke it down into monthly STR (total monthly sales vs average of weekly store size for that month), and plotted it out with a trend line. Oof, not good. As my store has gotten bigger, my STR has consistently dropped. I think another year of data would show that it is more of a logarithmic trend than a linear trend. Forecasting out I’d say I’m bottoming out at about 5-6% STR , with a 2-3% variance up or down depending on how active I am listing.
Premium collection update:
This week I sold 14 premium items for $2478. 5 of the items were shoes I just listed for $1450. That’s one heck of a return on investment – $125 into $1450! One of the pair of Gucci shoes I listed had a sealed card in it from the Neiman Marcus store they were purchased from. I opened it and read it. It was from the Men’s fashion sales person. It was a lovely personal handwritten note. This collector likely bought a lot of these items from this Southern Florida store as I’ve seen multiple receipts from this store. It kind of broke my heart that this note was never even seen. The shoes were bought, then placed in a stack in a closet never to be opened again.
I decided to include the card in the listing.
https://www.ebay.com/itm/266455797342
Premium cumulative numbers
Total COGS: $12441
Total Sales (minus fees): $12078.20
Items Sold: 139
ASP: $100.17
I will be back in the profit this week (spoiler alert – already there!). Gotta keep the pedal to the metal and build up some capital to buy the rest of the stuff AND a new storage building.
-
-
With all of the ways eBay is inventing to get sellers to pay to “promote” their listings these days I’m starting to get kind of annoyed at them. I actually decided to throw a bit of money at their new Promoted Store ads. So far, $45 in “promoted store” fees at 20 cents a click and a grand total of $145 in additional sales since October 5th…yeah not seeing the immediate value since after COGS and fees I doubt I’m making much of a profit off those extra sales. My store followers count does seems to be growing a little bit faster but it’s hard to put a number on the value of that. I do use the basic promoted listing fee on all my items but I never go much above 2% and on the rare occasions that I do, at least in the model train category, I don’t see much of a sales boost.
On another front, Shopify appears to have just finished their aquisition of Codisto and now have a workable tool that allows you to sync your Shopify inventory with eBay as well as Amazon, Walmart and a few others. It’s definitely early days for the tool and I’ve already found some areas that need fixing but I’m well on my way to fleshing out my Shopify store and building new business processes to see if we can make a push to sell on our own website in addition to eBay in 2024.
-
I don’t think I’ve ever had a “renting” situation with dresses I’ve sold. I’ve always been concerned when one sold, but I’ve never had a problem. Maybe I just don’t sell many.
My Time Away setting through Monday evening seemed to affect my sales past that time. I had no sales all the way through Wednesday. My $175 men’s perfume sale on Thursday seemed to jump start things, and now it seems more normal going into this week.
Week of Oct 8 – 14
Total Items in Store: 1737 eBay, 37 Etsy
Items Sold: 8 eBay, 0 Etsy
Cost of Items Sold: $0 + $86 Commission
Total Sales: $257.13 eBay, $0 Etsy; includes fees but no shipping
Highest Price Sold: eBay $175 for Vintage Mens Giorgio Armani Set EDT
Average price: $32
Returns: 0
Money Spent on New Inventory This Week: $21.50
Number of items listed this week: 14 -
Week Ending 10/14/23
Gross Sales(w/o shipping $ tax): $405.70 (eBay 110.85 / Etsy $295)
Net Sales: $347.58
Total Items Sold: 8 (eBay 5 / Etsy 3)
Total Items in eBay Store: 1205 Etsy Store: 522
Cost of Items Sold: $34.05
Highest Price Sold: $124.95 (Vintage Stereo Equalizer)
Average Price Sold: $50.71
Returns: 0
Money Spent on New Inventory: $0.00
Sold via promoted listings: 1
Promoted Percentage: 12.50%Average Days Listed: 696
Longest Listed: 2504
New items listed: 7
New Listings Value $404.65Sales on eBay were surprisingly low. I was aghast when I ran my numbers. Thankfully have Etsy balancing things out.
I sold an antique pitcher with matching mugs (Ioga monk) for $95 that arrived with a butchered box – partially open and a puncture hole in the side. Fortunately, I had double boxed and the items were safe and sound. Funny thing is I rarely double box, preferring to use and extra large box and pad heavily. Glad I had the impulse to make the extra effort on this one.
-
- You must be logged in to reply to this topic.