Forum Replies Created
-
Posts
-
I have a similar issue – going to unload some of our better brand clothes from home, and I want to do it before the free returns requirement. Personally, I don’t think consignment or my items should count. Maybe I’ll switch on and off with the clothes and death piles. Not much shopping lately…
It seems to me that the states will find a more reliable way to get their sales taxes, but it will have to be done in a comprehensive manner that does not result in impossible bookkeeping for sellers. Really it makes more sense for the platform to collect and disburse. We are definitely not there yet.
You’re welcome. State challenges look dismal but we can’t really afford the path we are on. Tax law is never as permanent as it seems.
Congrats on paying off your car! You’re one to watch Doubly. TFS sales too on Wednesdays.
Finally did our estimated taxes and the software allows you to make adjustments under the new tax law. Looks like we will take a hit, but it’s not as bad as I feared at first. We’ll be paying an estimated $4k in additional federal taxes. We will now pay federal taxes on all of the money we pay to the State of California in taxes. It would have been much more but the child tax credit is higher and luckily for us, the phase out is way more generous. Retro here you go with a real world example of someone losing under the new law. I hear the regime is going to try to go back for another bite at the apple (capital gains rate + permanency). I’m sweating already…
So so week for me even with company and kid events. I listed 14 items, 11 from death piles. Listed three times, but one was a single listing before I got interrupted.
Total Items in Store: 425
* Items Sold: 9
* Cost of Items Sold: $112 + $21 free shipping or upgrade shipping to get ins.
* Total Sales: $493
* Highest Price Sold: $115 two RA plates paid $20 clearance – running out of these! :-
* Average Price Sold: $55
* Returns: 0
* Money Spent on New Inventory This Week: $15
* Number of items listed this week: 14Happily the Ebay gods were smiling on me. All profits went to 2018 quarterly taxes so it was a timely sales bump. Sales continue to be dead or clustered. End of work week seems better.
Still need to listen to the interview and looking forward to hearing from you J&R. Retail seems to be heading toward a hybrid of ecommerce and smaller presence brick and mortar. It totally makes sense that smaller retail shops with unique items would be supported in progressive cities. Kudos to these youngins. Have a great week.
Julie, love your items. Orla Kiely is a favorite though I don’t find much at my kind of prices.
Hi Beverly. Yes, I sent a Facebook message with photos to Jason Smith @ the Thrifting Board. He answered me immediately and we had a quick chat about how it was Shag-inspired / i.e. a rip off of Shag. He’s a great resource for Tiki and invites you to share finds or potential buys (in case it’s something he wants).
Hello elves. Sharing a few recent sales.
A different UK needlepoint kit brand – paid $10 at estate sale https://www.ebay.com/itm/332551966687
One of the few pieces of Arabia in good condition that I have found, paid a buck at the storage locker buyout thrift and sold BO $75 https://www.ebay.com/itm/332094065352
One of very, very few tiki mugs I’ve found. Paid $3.99 at GW https://www.ebay.com/itm/332552896021
Love selling small nautical paintings like this. Paid $5.99 at a thrift and it sold pretty quickly. https://www.ebay.com/itm/232705538682
Finally, regarding $10 items. Paid basically pennies for this at a church rummage, totally doubted myself when listing. https://www.ebay.com/itm/232663715993 Sold pretty quickly with this feedback: “Very unique napkin rings. I appreciate something unusual. A++++++++” Gotta stay with the gut I guess. Have a great rest of the week.
Thanks Amatino. I’m just having a mediocre listing week so far, so you’ve got a shot at it. It’s kind of nice to know I have company loving Ebay but having shopped to much initially and having so many other obligations. My husband worked all weekends at the hospital last schedule which was brutal. This time he has a better schedule so I hope to get some traction. Just before the summer sales slowdown lol.
Good luck Retro with your listing! Buying bargains and internet (not games for me, but still…) are both sirens, but you’ll probably feel better about everything if your life has more balance. Stick with the no thrift plan this month and see how you are feeling then. 🙂 Time management is a challenge for me as a working parent, so I totally get it!
Pretty slim week for me, with a weekend trip out of town. I listed 8 items, 4 from death piles. I bought a handful of items while away so hope to list more this week. I’ll be starting with those.
Hi Mark I have a question for you if you don’t mind answering in the forums. I do my own taxes. I’m part-time but I’m going to switch from hobby to business in 2018 as this is my third year selling on Ebay and the IRS guidelines indicate that I am beyond hobby treatment. Occasionally, I sell my kids’ items (at a loss) in my store on the same account as the items I buy for resale. I’d really prefer to not create a new account at this point for our personal stuff as I donate most of that. Do you have any advice?
As a quick follow up, my sales are small and I live in a very expensive place, storing inventory in part of the garage and a closet (not a dedicated space – I think that’s required?). I’d be somewhat apprehensive about taking home office deductions. It’s kind of like being a NYC hot dog vendor and storing your stuff in a penthouse apartment. It might look off.
Thank you in advance!
Total Items in Store: 409
Items Sold: 10
Total Sales : $613
Highest Price: $224 (New duvet and shams – purchased 1.5 years ago for +/- $85)
Average Price: $61
Returns: 0
Cost of Goods Sold: $202 + $5 free shipping
Costs of Goods Purchased this Week: About $35
Number of New Items Listed this Week: 8Had some nice sales over the weekend after I remembered to launch a sale. I’m curious if anyone is noticing a pattern of slow or no sales during the work week, with better sales on the weekends. I heard some rumblings on youtube about that.
As always many non-Ebay things going on, but spring break and travel is over so should be a bit easier to list. I’m a little bit nervous as I sell off more of my RA stuff without buying more, but I had a couple of really nice vintage sales too so I’m not sure why. Lots of bills for unusual things so need to list. Also need to pay quarterlies.
Regarding taxes, I have an offer and a question. There is a new withholding calculator. If you or your spouse have a day job anticipate significant changes in your tax situation like we do, you might want to check it out. https://www.irs.gov/payments/tax-withholding
I’ll ask my question above and see if Mark swings back to look. Have a great week!
