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@Jay yeah, pretty much how you described. I made contact over a facebook marketplace post. Went to her house and had her open up her laptop and show me the ropes. I took a look at what I would be taking then we closed the deal. I set up inkfrog over the next few days, then I went over to her house with my laptop and we spent a few hours migrating the listings. We did that on a friday so I would have time to move the items before having to fulfill orders from her store. It took me about 3 trips in my van, but when it was complete after the weekend I already had about a half dozen orders to fill. At that point it was the beginning of the learning curve of learning her inventory “system” (note quotation marks). She remained available to me for a few weeks as questions came up. All-in-all it was relatively smooth. The transfer process of the listings themselves had a bit of a learning curve on its own. Inkfrog actually requires you end the listings before migrating. That actually works out because she would have had to take them down anyway. She did have to allow me access via password during this process. She just changed her password when it was done
@jay to clarify i didnt get a 2nd ebay ID. I migrated the listings from her store to mine with inkfrog and then physically moved the inventory from her garage to my basement. When I met her, I had beat out like 4 other people coming to look at the stuff but when i got there, my first question was to see her store overview. I saw her sales by week and month etc. Asked how she promototed, return policy and any other affecting factor I could get out of her. After an hour I asked to look at the stuff. I ended up with about $1000 worth of boxes and packing materials as well, and a few thousand dollars of unlisted inventory. I recouped my investment within 45 days largely due to the timing of the transaction being just before the holidays. If I were to recommend that anybody do this I would say that it needs to be an unemotional numbers transaction. For something like this, I dont think it matters if it is stuff you like or know about.
Items Sold: 130
Cost of Items Sold: $ around 500 (hard to calculate on a granulized per-item I buy in bulk. My average ends up in the $3.00-$5.00 per listing range)
Total Sales: $ 4244
Highest Price Sold: $ 124.95 https://www.ebay.com/itm/274328910000
Average Price Sold: $ 32.64
Money Spent on New Inventory: $ 1100
Number of items listed: 238Pretty busy week. Rolled a lot of profit into new inventory and immediately saw a return. Other items are backstock for listing (postcards, ephempera)
Challenge of the week: Death pile encroaching
Scavenge of the week: Spent $400 on huge lot of video games and systems. Listed all the games that didnt need resurfacing and about 1/3 sold in under 24 hours.
@Jay I physically moved the items to my basement. That was one other minor downside. She used clear numbered ikea bins with a taper that left A LOT of empty space on the shelves. Ive been slowly consolidating those bins over several months to make room again. Still worth it but just more to show that buying somebody elses inventory is buying somebody elses problems/mistakes
Great episode guys. I actually purchased another ebay store and did exactly what you are talking about. I used inkfrog and migrated the entire store to mine. Was it worth it? Absolutely. That said, I also inherited all the maddening inventory inconsistencies. listiing errors, etc. My cost ended up being around $2.50 per listing for about 1700 items. It was mostly womens clothing which i dont source myself, but the math on that was solid, even with the hiccups. It would take me 2 months of solid listing to list that much. It was a big chunk of money, but i wasnt just buying the items, I was paying for the WORK. I’ve been eating on that deal since November.
we’ve been sitting on this guy for months. It stares at me whenever I go in the ebay room. I’m convinced it is haunted. Maybe I should update the listing lol.
https://www.ebay.com/itm/312238392402My Store Week Oct 7-13, 2018
Total Items in Store: 1141
Items Sold: 8
Gross Sales: $883.45
Cost of Items Sold: $100.00 approx (again, most bought in lots so hard to determine exact COG)
Highest Price Sold: $135.00 Vintage Sani-Craft Laundry Hamper – Vinyl and Wicker. Jennie thought I was crazy listing this one so high. It took a couple months but it sold full price!
ASP: $31.55
STR: 3.7%
Returns: 2 Initiated but not shipped
International: 0
Money Spent on New Inventory This Week: $4.01 at the goodwill bins!
Number of items listed this week: None, but started listings for about 60 items. Travelling to Chicago next week so picture time when we get back!I really wanna go to Stokes, I’ve driven past several times. They are on my radar for this winter though
Yep, yours is right. Not sure either how I came to that number. Maybe moving to fast….
Right now, we are paying down debt. Next stage is home repair and upgrades and travel. Those are the goals,anyhow.
New Member! Started listening to the podcast (and got serious about ebay) about 6 months ago. We do the ebay thing when we arent working our regular jobs. Learned a lot and super excited I get to do this for my first post!
My Store Week Sept 30-Oct 6, 2018
Total Items in Store: 755
Items Sold: 18
Gross Sales: $500.26
Cost of Items Sold: Lots were bought in lots, but best estimate is under $80
Highest Price Sold: $54.05 (Vintage Brio Labrynth Game, bought less than a week ago at goodwill for $2.50)
ASP: $27.29
STR: 5.6%
Returns: 0
International: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 12Am I doing this right?
Our store name is Bremerton Vintage Treasures. Any feedback is welcome!
