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Hi Craig, I send offers and set automatic offers on everything EBay lets me every day. However, in the past I’ve just been setting an offer from buyer, sale discount, and offers to watchers all at 20% max.
Those curtains I paid only pennies for. For efficiency, I’ve just been using the highest 2 year Terapeak price and doing the 20% off one way or another. All or nothing no matter what I paid for something. I don’t really have the storage to continue that though. Perhaps I will take more advantage of the itemized sake feature but I think I would do better paying more attention to the sell through rate and original pricing. I feel like EBay made tweaks along the way that make you need to price it right out of the gate.
Yes I read that Mercari is super successful in Japan but has struggled to replicate that here as well because Americans are less reasonable consumers. I guess they are trying to set themselves apart and allow US buyers to return at will, while paying a premium for that comfort and privilege. This is also in line with Mercari’s general efficiency focus – hassle free. They are hard core and dispatch crappy sellers from their site. Meanwhile, the other platforms are moving away from free returns. It’s a gamble for sure.
They are going after Gen Z sellers and buyers, the biggest growth demographic, which is very smart. https://www.prnewswire.com/news-releases/mercaris-2023-reuse-report-predicts-secondhand-market-will-double-to-325-billion-by-2031-301884361.htmlThey do a lot of advertising on YouTube, another area where EBay just fails.
I’ve thought about this some more and I also like it for another reason. If you are good at making titles with great key words you will be rewarded by their AI. https://www.prnewswire.com/news-releases/mercari-launches-merchat-ai-a-new-shopping-assistant-powered-by-chatgpt-301800139.html
Mercari rewards freshness like EBay does but they don’t hide listings. AI will dig up old listings that fit the request. Also there is none of that Poshmark sharing bs. They also have the advantage of being the fastest platform to list on. We’ll see.
Wow. I noticed they didn’t have the service fee in the fee explanation. I wonder if they are paying for the AI with it or?
@Vintage Lacy I’m super excited to try a vintage market. We continue to have rain here but the tourist season is coming. I’m so distracted by looking at display equipment and trying to pick it up discounted. I’m also trying to get a sense of the pricing I could do vs. Ebay so I don’t blow it. If I did it regularly, I would probably start trying out the bins and garage sales for sourcing so I could source some things more affordably. I have bought a few vintage display items and a couple of bigger than a breadbox things to sell. So I’m feeling like I may go for it in May or June. I could start with the 6×6 but that doesn’t seem like a lot of space. Ikea has a cool plant stand that would be awesome but they won’t ship it. https://www.ikea.com/us/en/p/daksjus-plant-stand-bamboo-20567011/
LOL above post is me being interrupted. @Craig you really seem to have things dialed in. You must be super good at pricing too. I really need to adopt that strategy. My high prices are not working well anymore, particularly when I’m not consistently listing.
@Steve nice flip from Goodwillfinds. I have purchased about 5 items to flip and have sold one of those for a nice profit so far. There is room for me to lower the prices on the others. The listing quality in the PNW sites is better but some of the other GW listing titles and photos are horrible and there are deals to be found. I haven’t had time to look lately. They also occasionally run % off sale prices and I get alerted in my Email.
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<li style=”list-style-type: none;”>
- Items Sold: 6
- Total Listings: 938
Net Sales: $165.38 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $45
Highest Price Sold: $44 (Royal Albert tea cup set)
Average Price Sold: $40.38
Returns: 1 ($25)<li style=”text-align: left;”>Money Spent on New Inventory This Week: $125
Number of items listed this week: 5Well, it is high time to start listing in earnest. A lot is going on and I’ve been neglecting Ebay. Had a wonderful trip and the sourcing was fun but competitive. I had major cart envy. The garage is quite hoarderish and I have some other family and fundraising obligations this week but it’s raining this weekend and I plan to dig in on listing.
https://www.ebay.com/itm/335198013632 It was not a thrilling week for sales by any means, but I’ll point out that I have sold I think all of my Denby china pick ups. In the meantime, I have not done well with Dansk and had to redonate several items. Now I totally pass on Dansk unless it’s wood.
https://www.instagram.com/p/C5BvLa8JY2T/?img_index=1
I shopped three Goodwills in Seattle, and boy, is that a tough town for picking things that have not already been found and priced up. For a city that size it seems like there are not a lot of thrift stores. Also without a car it was a challenge, but I did it. I went to 2 regular stores and the bins for an hour (only clothing only unfortunately and closed early). Some of the haul pictured I will list online, some I will save for my pop up vintage market booth dream, and a couple of things I am keeping for myself. I listed some of the picture 2 items right from my Airbnb.
Thanks Sharon! Yeah, I have a friendly mailman at the moment but I have noticed no scans since. I ship the next morning mostly so I think it usually arrives on time anyway. But 98% of the time I drop it at the post office in the bin. Ours have very long lines usually so I don’t wait for a worker to scan.
Zero for me. Finished taxes, got ready for trip, enjoying trip. Next week I have some annual fundraising obligations but I hope to also list on EBay.
I just finished doing my Cogs and seeing my schedule C. I’m also overflowing with inventory and need to get a handle on things. We have a lot going on outside of eBay but I would love to do booth selling this summer in the hot tourist area.
I had a chat with one of my weekday flea market friends and she said spring is best there. It’s cheaper $35 and you can spread out more but I think the sales would be fewer and prices lower. She does Zelle and cash only and I guess it works out ok.
It’s a fun vibe though at the more curated one in the tourist area. We’ll see if I can get my act together by summer. They have a 6 x 8 for $60 but that would be limited. I don’t like having inventory in my space but I’m starting to see larger items I would like to flip. Just passed on this really cool vintage ship wheel wine rack….
I’m also needing to just have a conversation with myself about pricing. There’s a YouTuber saying “it’s better to get some of the money all of the time than all of the money some of the time”. Since sourcing is not an issue here I really need to adopt this asap.
eBay told me to pound sand on all of it. Supposedly I put quantity 2 on the last one I thought was a ghost listing. The late delivery one was for no scan 4 days. I put it in the mailbox at Xmastime so even though I shipped the same day it arrived late and they wouldn’t remove that one. Oof. Unless I find the plates later that sold multiple times, I’m very confident that was not my mistake because I remember updating that variation listing when I only had 3 left, but oh well. 😩😣
apparently they are telling a lot of sellers to pound sand lately.
Can you print the sku as part of the year end report? That would work if I didn’t include the letter. Thanks
Justin Resells has new software coming out but you still have to enter everything and it’s probably more analysis than I personally need. I need to find out more. He approved me for the beta
@Thanks Jay. Their choir is amazing, as is the director.
I don’t think it was my mistake, especially the last one I just sold that wasn’t multi-quantity. No idea.
I found a place on the website to ask for dings to get taken off. I had yet another ding for something I shipped and got scanned same day but arrived late.
I broke one sold item while cleaning and didn’t have a box in time for a big long one. So all of this added up and is making my sales poor. I hope they fix all of the ones I requested.
