Forum Replies Created
Do they put staples in their clothing items at that Salvation? What are their prices like?
What scavenging is good in downtown Indy?03/01/2017 at 10:37 am in reply to: Scavenger Life Episode 299: What Control Do We Have as eBay Sellers? #13623
A lot of people are complaining about the Top Rated Seller discount being cut in half. But remember, with the funds they will get from this they are investing in a wider advertising campaign with going to Nascar, billboards, IheartRadio, NCCA basketball and other means. In the end, it could mean that we all get more sales because of their decision. You know that is their goal to have more people on the site.02/28/2017 at 9:12 pm in reply to: Scavenger Life Episode 299: What Control Do We Have as eBay Sellers? #13592
I wonder if the base subscription of Wonderlister would do the most basic thing I need of a program to do for me. Which is to simply take out the online listing form and replace it with a spreadsheet or table to work offline (and then upload everything including pictures all at once while I walk away and do something else). It would need to retain ebays catalog though of categories, styles, sizes, etc. Of all the softwares out there WL seems the most attractive because of how many tiers of subscriptions they have. With the others, they offer so many features that I wouldn’t use and I hate to pay for stuff I don’t need.
Does anyone use ebays File Exchange? It’s free and it sounds like listing with a spreadsheet but no bells and whistles of a software. Can you upload pictures on File Exchange and more than one picture per listing?02/27/2017 at 6:15 pm in reply to: Scavenger Life Episode 299: What Control Do We Have as eBay Sellers? #13480
In response to the podcast about what you can control:
You can control how much you sell if you pay attention to the supply and demand curve of each item you potentially try to sell. Look at how much of it is listed and how much sold. The ratio of this is what I look at to see the supply/demand. My bottom limit is 1:1 if I’m paying half the retail Goodwill pricing (ex.: 100 sold vs 100 listed). But if you only source the bins, then maybe your bottom limit would be 1:2 or even 1:3 because the stuff is cheaply had. By the way, mathematically a 1:1 ratio on something, priced like the middle-high solds will result in a 1% sell through per day.
So far, my sales are bouncing between $12,000-16,000 a week in 2017 as a one person operation and averaging 260 listings a month or 8.5 listings per day. Can’t wait to add my first employee to bump my listings per month to 500+. You are only limited by how much you can source, not how much you can list.
Thanks for your advice! I’m looking up so many different apartments on Trulia etc. I didn’t realize that you could circle 465 in 45min, that’s a good idea to live close to there. I like the idea of living in the city and having an apartment with a view. But, I think I should rent something short term and cheaper to really test the waters before jumping in to a high-rise or something on the canal (and get my employee setup and running comfortably).
Square isn’t available for Indiana. Too bad, it looks good. Eventually they will though.02/16/2017 at 8:00 pm in reply to: Not Your Dad's CPA is going to be on Youtube tonight #12732
I need a CPA that knows this kind of business and responds to my phone calls! Is it advisable to possibly look for a CPA long distance? I’m in a small town and my options are bad.
How did this mini reseller convention go today? I couldn’t make it, I listed all of my items instead in preparation for sales day in Fort Wayne on Friday and then the same in Michiana on Saturday.
If you could live anywhere in Indy to most effectively run your reselling business, where would it be? I’m planning on moving there and just figuring out what neighborhoods are good and what the best thrift stores are (I know kind of like asking which is the best slot machine). I managed to check out all three of the GW Outlets but haven’t gone down to the one south of 465 (Greenwood I believe). I’m trying to make the most of a balance between good neighborhood and close proximity to where I will source most often (plan to source daily). Budget is around $1000 including parking and extras.
This doesn’t help you, but in any case when the buyer isn’t happy I offer to refund the money and pay for shipping. Can’t risk a negative feedback. How much is a neg worth to you? Oh and I also do this even when I know they are wrong. You don’t have the upper hand unless they start using foul language at you. Cost of doing business. Doesn’t happen frequently.
I had some nylon camo hunting pants last year that smelled of smoke. I hung it from a clothes hanger on a tree branch outside for a few days. It smelled really good afterward.
I thought Markdown Manager sent out emails to random people or maybe just watchers.02/02/2017 at 5:58 pm in reply to: Scavenger Life Episode 295: The Challenges of Changing Your Strategy #11658
Total Items in Store: 633
Items Sold: 49
Cost of Items Sold: $147
Total Sales: $1,229.47
Average Price Sold: $25.08
Went to the bins (Goodwill Outlet) for the first time this week. It is making me rethink some things. It was a very different experience. But I think it is a powerful resource if you can process items quicker and can do bulk. At retail Goodwills you might get stuff for $3.50 and resell it at $25, or 7X your money. At Goodwill outlets you can source something for $0.50 and sell it for $15 or a 30X your money. This is why I am focusing on the problem at hand, efficiency. I will make a post in the proper sub-section of this site’s forum about that. I am curious if anyone here does clothing and lists items in the 4-6 minutes per item range. I am listing in the 11 minute range.
I will have to look more in to this. I have never heard of it until someone mentioned it on here.