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Total Items in Store: 258
Items Sold: 8
Gross Sales: $327.37 (including eBay fees, shipping, and taxes)
Net Sales: $202.21 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $58
Highest Price Sold: <span id=”mm-saleDscPrc” class=”notranslate “>US $67.96 (Pottery Barn new RA pillow cover set, paid $16)</span>
Average Price Sold: $40.92
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0Very grateful for the sales. Not much energy or time for listing last week.
I’m happy to hear that you are enjoying the coffee business. It’s so cool that it’s taken off. I would think as fun as having an Ebay store and a podcast and forum is, it’s more fun to create an artsy and profitable physical hang out. Also you guys strike me as people who need a new challenge sometimes. Lots of balls in the air now for sure. Happy for you guys.
My day job has been busy but they just hired another person full time so it could slow down for me for sure as I am the part time / long time overflow person for these projects. We’ll see. Ebay I use to fill in the gaps and I do miss it. I went thrifting just twice and didn’t see anything good but still plenty here anyway.
Total Items in Store: 266
Items Sold: 3
Gross Sales: $164.28 (including eBay fees, shipping, and taxes)
Net Sales: $106.36 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $17
Highest Price Sold: $91 (Danish cross stitch kit, paid $3)
Average Price Sold: $44
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0Sorry to hear about the bummer customer service/no pay week.
I’m almost done with my COGS to finish up taxes. As usual, hoping to get back to listing soon. Next week may be more favorable. Still need to consolidate inventory. Basically no scavenging for months as I have focused on family. No word from last week’s painting buyer so I hope he is pleased.
Did we all decide that start with the 1099 and look to the monthly statements to find all of the refunds to deduct? Then do not deduct sales tax collected by Ebay from the 1099 number? Thanks all.
Total Items in Store: 266
Items Sold: 7
Gross Sales: $1,929.66 (including eBay fees, shipping, and taxes)
Net Sales: $1,509.32 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $69
Highest Price Sold: $1500 (1960s Painting)
Returns: 0
Money Spent on New Inventory This Week: $6
Number of items listed this week: 2Happy to report that last week I sold my all time best find, a midcentury NYC skyline painting. Buyer had messaged several times and seemed a bit finicky. I’m hoping he leaves good feedback soon so I can breathe a sigh of relief. He has 100% feedback and a good record.
I stopped in for the first time in a long time at the thrift store and found two $100 cross stitch kits, with one selling already. Amazing. It was after the initial crowd had picked it clean but either they restocked these or I was the one to notice them hanging up high. Perhaps I will be getting my Ebay mojo back with this inspiration!
Enjoyed a trip with my daughter to San Diego to boot. I have just a little more work on my COGS and badly need to organize my inventory. I also need to clear out some things from my house. Debating whether or not to put some of our clothing on Mercari.
Hope everyone is doing very well. No surprise Ebay is inching up fees. I’m not excited about paying fees on shipping as I like to consider that kind of a wash. I do make some money on shipping through the course of the year – more than enough to cover my supplies. I am happy buyers have to pay if they make offers. Hate that when they bail.
I’m going to chime in and say I will be reporting the exact amount shown on the 1099 just because the IRS is a hot mess. It wasn’t far off from the gross sales amount in my case.
Total Items in Store: 270
Items Sold: 1
Total Sales: $48.59 (including eBay fees, shipping, and taxes)
Net Sales: $5.02 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $14
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0
Oof. Horrible week. I did run a 15% off sale and made a few offers. No takers. Can’t complain since I haven’t been listing. Taking care of myself and my teen.
@Timo thanks. For some reason I was thinking it was or not and.
interesting too that the sales report gross us slightly off from the 1099-k gross.
Total Items in Store: 267
Items Sold: 6
Gross Sales: $446.57 (including eBay fees, shipping, and taxes)
Net Sales: $314.78 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: +/- $140
Highest Price Sold: $280 (New duvet and shams set)
Average Price Sold: $68
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0Lots of day job and life stuff happening again. I guess I’m just posting so you can see what happens if someone is lousy at listing for a while. 🙂 I sold some older listings this week, which is really great. This week isn’t too promising since I have my tax stuff in order but now need to do COGS. I don’t see any reason to get EZ auction tracker again now that Ebay is providing all of the other numbers. I can see that I seem to be paying proportionally more in fees to Ebay than last year. I still have 2% promoted on.
Hope everyone in the East is managing to stay warm.
Total Items in Store: 268
Items Sold: 4
Gross Sales: $200.68 (including eBay fees, shipping, and taxes)
Net Sales: $128.55 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $65
Highest Price Sold: $66 (New pajama pants)
Average Price Sold: $44
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0Life is calming down a bit for now. I hope to get back to listing this week. I also need to organize and consolidate my inventory. I should probably set aside some smalls that my daughter would like to photograph.
I like how Ebay has the functionality to download the yearly totals. I can also group these by category. So it might be unnecessary to order EZ auction tracker for this year? I think all I need to do for taxes is to edit the Ebay 2021 spreadsheet and then add COGS.
No fun scavenging for me lately but still lots of piles. I’m really enjoying that Lavender Clothesline on Youtube has moved over to mostly hard goods – similar to things I would buy and dishes on how well things are selling or not these days. I really like that she will say what she would pass on – wish I had seen that before my newbie shopping days. Miss the podcast you guys!
Yes I was audited twice. The first time Turbotax had my son’s birth date and incorrectly let me take a child credit in the year he turned 16. It was a colossal PITA because they also disallowed my younger child’s credit and I won on appeal but gave up and paid hers and never got the money back. Next time they didn’t like that I put my sales as a hobby in one of my early years when I got my first Paypal 1099 (new goods), so I had an accountant redo as schedule c and write a letter. Believe me when I say, it’s not worth doing it yourself even if you understand it. I will always have an accountant do my taxes now just because the IRS is such a mess and you can’t get through.
Total Items in Store:
Items Sold: 2
Gross Sales: $104.57 (including eBay fees, shipping, and taxes)
Net Sales: $44.04 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $20
Highest Price Sold: $44 (used hooks – paid $4)
Average Price Sold: $36
Returns: 1 $67
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0Well, pretty much in the hole with a return and probably monthly fees coming out. Ugh. Somehow managed to catch some kind of non-Covid virus and missed work of all kinds. Still have a teen whose really struggling so Ebay on the back burner.
The weather is crazy over on the Eastern side! Luckily my son goes back to his college New England this weekend (hopefully). Just a lot of chaos on the world these days. :0 Gotta keep on truckin’.
EZ auction tracker is awesome for small sellers IF you remember to download it before March and IF you remember to update your sales at least every 90 days. 🙂
Total Items in Store: 273
Items Sold: 7
Gross Sales: $457.34 (including eBay fees, shipping, and taxes)
Net Sales: $322.61 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $64
Highest Price Sold: $150 (Viking Glass Epic Cat – so cool. Paid $30 estate sale by my house)
Average Price Sold: $55
Returns: 1 – buyer bought wrong size $20
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0Happy with sales this week, some old listings and newer sold. The last two months of 2021 were busy and kind of hard for us, and things have calmed down now. My work may or may not be slow January and February. I’m dreading it but need to do my bookkeeping for the year without the benefit of EZ auction tracker. My activity on Ebay was down, but it will still be a pain to do COGS without searching a spreadsheet. Not my finest reselling moment neglecting updating that software. My teen decided she might like to take more photos here and there when it’s a good weekend day for her. So, looking up for Ebay potentially. We’ll see. Still interested if anyone has any resources to cite explaining managed payments reporting. Thanks!
Total Items in Store: 270
Items Sold: 2
Cost of Items Sold: $
Total Sales: $87.44
Highest Price Sold: $49
Average price: $33
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 16Slow sales but I’m happy that I got some items listed. Dreading bookkeeping for taxes. Happy New Year. Enjoy NYC R & J.
I did go ahead and close my store for 5 days and it seemed like they simplified time away. I got an offer pretty shortly after it expired. January can be good for me since I have new items in my store. My daughter is bored so I might hit her up to take photos. Happy new year everyone!
I’m stressed about bookkeeping since I did a bad thing and didn’t download EZ auction tracker last year. I’m hoping managed payments simplifies reporting and my sales were down as I was less active, but it will take some time for sure. I loathe that Ebay only saves 90 days of info.
I almost forgot to use my shipping coupon, which expires 12/31!
