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That particular patch shows it sold for $12.51 in 2010.
There are two other ones listed..
* Both were sold in 2019 one for $66 and the other for $35 BUT… These two both had the wording “Cherryland” around the top. The one you showed and shown on WP does not have the word..Cherryland on it.
Hope this helps..
Mike at MDC Galleries
Wow.. Yep felt like I have grown up on Ebay with you guys. You are right there is a ton of stuff out there online and much is very specific and topic related.
You touched on my question and that is, is there going to be a way to still get all of the past episodes. I have many of them but not all. With over 700+ posts that I have done and many specfically addressing art topics and inventory systems, I would really like to capture all of those.
Are you still going to charge $99 to get all the past episodes or maybe offer a deep discount for those of us who would like to get and save all of the episodes.
Again, sad to see you guys pull the plug. Is Steven Schultz still going to be making his what sold vids on his own and if so, where?
Wish you guys all the best life has to offer and may you “LIVE LONG AND PROSPER!” V
Mike at MDC Concepts, Inc.
MDC Galleries and Fine Art in Atlanta
HEY RTWV..And.. it saves you money.
How.. Re-configuring a box shape still leaves you with the same amount of Cubic inches, just in a different shape. But after you have either reconfigured a box or are going to use a regular box, either generic or any of the regular USPS Priority boxes, place your bubble wrapped item inside along with dunnage and place back on the scale.
If you get a weight of just a few ounces over any pound mark, then use the resizer to pull an extra inch or two off of the top and also shorten two of the flaps slightly. Then re-weigh the box and you may find you have dropped below the pound mark and saved a few dollars per box.
Example. Take a 12x12x12 box. Place your final bubble wrapped item inside. If you discover that you have an inch or two at the top, then size it down to 12x12x10.
If that box was 5.2 lbs. on the scale before hand you will have to ship it at the 6 lb. weight [rounded up]. But, now after reducing the size down those 2 inches you weigh and discover your weight has been reduced to 4.9 lbs. then you will ship at the 5 lb. mark, saving you a lb.
We do this several times a week, every week. Even just shortening the flaps sometimes does it without having to drop the box height down but usually need to do both the flaps and height off to get enough of a weight drop.
The whole process takes about 60 seconds. If we save $2 to $3 on a box 2 or 3 times a week x 52 weeks we save hundreds per year. this measurement and process we do on every box we ship as the last thing before we seal it up, and have done so for many years.
So for safety of your item, having better interior spacing re-configuring a box as you have shown and then resizing the box with the re-sizer is a no brainer for us and a SOP when we ship.
mike at MDC Concepts, Inc. – MDC Galleries in Atlanta05/23/2021 at 2:18 pm in reply to: Scavenger Life Episode 514: It’s Not About Ebay, It’s About Scavenging #88821
Another thing just came to mind. To help organize things per project, when you get credit cards bills, especially if you have a business C/C is you can “split” the line items or even one line item into separate categories. Order let’s say 100 towels for the rentals. You can split that total purchase into the 3 or 4 places and allocate 25 to ea. of 4 or 50 to the Farm house and 25 ea. to the other locations as long as you have set-up your COA and expenses by say the b usiness names or addresses.
Also a good idea is to start issung Purchase Orders for goods and services. It helps all the way around. Ask your vendors ro bill you by your business names and or separate addresses. Have your cleaning service send you 4 invoices, one for each location and then pay by invoice.
And yep, Quicken allows you to create Purchase Orders and will remind you when certain bills are due if you set them up on reminders in your Quicken Calendar.
Never pay bills by stament. Always pay by Invoice. That way you can select and pay your payables by Inv. number. If you have a problem with a particular product or order you placed, you can pay the before and after invoices but hold up on that specific invoice until you resolve the issues at hand.
Worth mentioning since I forgot it in last post.
Mike – MDCGFA05/23/2021 at 1:15 pm in reply to: Scavenger Life Episode 514: It’s Not About Ebay, It’s About Scavenging #88820
The simple answer, which I am not known for is yes and yes. Absolutely on all accounts.
But there is more to the story.
- Yes, it synchs with every account you have. Businesses, stock and investment portfolios, mortgages, savings accounts, credit cards, auto loans, HELOC accounts, any type of account you set-up with it.
- But just like with GDBK you will have to set up those accounts, give account and routing numbers, passwords, etc. It has its own password vault that is locked up inside of Quicken, very much like RoboForm.
- Every morning, all I do is click the “One Step Update” button and Quicken goes out to every account I have set up for it and does an update to all activity, deposits, payments, reimbursements, refunds, stock trades, 401k interest, and updates all of those accounts and places a red flag on those accounts. Then I get a chance to click the red flags and approach them as a whole batch or one by one if I wish.
- Then it synchs to the cloud automatically and keeps a back up of everything, plus I also have it make a separate back-up to our 4-terra byte external hard drive. Nothing like having redundant back-ups. J
- With regards to handling separate accounts and also separate businesses. That is where property Management Module comes into play. When we built those 4 houses in North GA, I set up each house as an account by it’s address. Then taught Quicken to “learn” which is nothing more than mapping certain expenses to certain accounts [addresses] and from that point on, those get categorized by that address [i.e., project, or property].
- This all functions just like Ryanne did with GDBK. Daily she clicked to update. Everything she had already categorized in GDBK went directly to that module [i.e., journal sort of]. AND ANY new type of purchases/expenses or income [i.e., payables or receivables] that were brand new, of course she had to map them to the chart of accounts.
- Those charts of accounts would have to be set-up in the beginning [Your CPA] will help you with that sequence and then each business would have its own “set of COA’s] so you could separate each type of Pay./Rec. would go to it.
- It can get as complex or as simple as you want. Example: Maid service you pay for, you can have just one COA entry as “Janitorial” for all of your business combined OR you can have a “Janitorial” category under each AB&B rental and the coffee shop as 4 or 5 different business you set up. I did the 4 houses as 2514 House, 2519 House, 2534 House and 2546 House. Set up my COA [payable and receivable categories] for each and ran those 4 projects just like 4 separate businesses. We did under one bank account, but I could have just as easily set up separate bank accounts and even separate credit cards on each.
- When using any of these programs one needs to have an understanding of basic bookkeeping.
- All the programs work approx. the same EXCEPT with Double Entry bookkeeping there is a GENERAL LEDGER that tracks every journal that satellites off of it. User entries are made in the “Journals”. Just the little green manual handwritten books. A stack of journals represented a journal for each category type. A payables journal, a receivables journal, purchasing, bank accounts, etc., etc. Modern day journals are all digital.
- The General Journal is where all of those entries are “compiled” into one main master LEDGER. The reason it is called DOUBLE entry is you would hand write everything in your daily journals, which ever one represented the topic you were dealing with. Cash payments, or payables [paying your vendors], THEN you would also have to come back and do the same thing in the GENERAL LEDGER. Thus, Double entry. You could make an error in the journals, erase and correct them, etc. but VERY CAREFUL SCRUTINY had to be paid to the GL. Usually your CPA would reconcile your daily journals, cross reference to the GL and make sure everything balanced. Thus, the rise of the “Bookkeeper” profession. Just too much work for a business owner when they had a business to “RUN”.
- Well modern tech. made everything digital. So, the journals are still used, and also the General LEDGER connected [double entry] but all is done automatically. But make an error in the journals, and if you know some accounting, one can figure out the erroneous “posts” in the journals and correct them. Make a bunch of errors and they get posted to a GL, then usually it is a trip to the CPA to get everything back in synch and balanced. Many CPA’s will password protect the GL to keep you out of it. A novice can really mess things up by adding or deleting within a GL. It needs to be handled according to the American Standards of Accounting principles.
Now this is all very basic, glossed over explanation and as we all have said for years. Talk to your CPA. Call yours Jay and ask, do I need to pay $365 per year for a Dbl. bookkeeping program or will a single do the job. He may like the Dbl. because it gives him more control and CPA like QuickBooks because they have the CPA version and can work remotely easier. Also, if you are going to have a lot of invoicing to do, carry WIP [work in process] in years end and carry these over as either assets or liabilities at years end, and need to operate on an Accrual basis instead of on a CASH basis, then the Double Entry system is a better choice.
Many reports can be printed from Quicken just like QB. P&L statements just not only for your over financial picture, but if you set up different companies [or properties], you can track P&L by each property you rent. Would you like to know which of your “businesses” are more profitable than the others? Which property is your weakest one? Knowing this may help you to decide if you want to maybe sell off one of them.
Sure, your CPA can do this, but at a cost. If you get to know your accounting software, you can do the same yourself. AND also, this applies to investments. Did you do a “Proforma” for your Coffee Business and a break-even scenario? I sure hope so. It will inform you way ahead of time if you are failing or succeeding so you can forecast a corrective measure. Like should you lower wages, fire an employee and split duties between others.
A good accounting program and knowledge of it’s use is a business tool every owner needs to have and know what the reports mean. The P&L will tell you what percentage of your income is going to which parts of your COA [chart of accounts] and show you where your overspending problems are so you can respond and correct.
This can all be done in either a single or double entry system.
Quicken also has a module for you to create personal and business budgets and will track actual against hypothetical [a budget]. Pull daily, weekly, monthly or quarterly reports on everything. The days of receivables go into my left pocket and my payables come out of my right pocket and if anything is left over in either pocket, I am OK or making money, has been over for a long time.
OK now that I have ventured into this topic, as a non-accounting professional I am sure Sharyn, Mark Tewes will shut me up fairly quickly. There are many on this forum who know there accounting very, very, well much more so than I.
You waited years to get into an inventory management system and a centralized storage area then jumped in but had to make up a lot of ground which took time. Then went to GDBK which again was not “robust” as you called Quicken and QuickBooks back in the day. Now it is time to get into solid accounting software. Troy and I were spread sheet guys, but they all fall short when it comes to locking in on an accounting program, complex or not.
Here is a suggestion, for your next employee-helper, why not hire a person with accounting experience, either Quicken or QuickBooks, let them help you guys set it up, set up a proper COA, categorize your business into separate customized categories AND cross train them to help with the Ebay business and as a fill in at the coffee shop. Cross training is a great way to cover your basis with only one employee. Teach them to take phots, create a quick list draft, serve tables, and do your books and help with simple social media tasks. Our two helpers are cross trained on 4 or 5 things they can do for us.
So how is that for a wall of text. Been a while for one of these. 🙂
Just a suggestion and all of this is of course respectfully submitted for your consideration. Now here comes all the accounting types to set all of this straight. 🙂
Michael with the MDC Concepts, Inc. team
Susan, Lisa, Kim, Christie, Loruhama and Michael
05/22/2021 at 6:00 pm in reply to: Scavenger Life Episode 514: It’s Not About Ebay, It’s About Scavenging #88814
- MDC Galleries and Fine Art
- Collins Creek Collections
- SmartParts Craft & Equip. Supplies
- “Live to Create and Celebrate.”
Hey J&R … Here’s a FIRST. Just sold 4 decorative plates to someone in Luray, VA., Kimbell Rd..
Sold a few pcs. to buyers in my own town, but first to someone in yours. 🙂
Mike – MDCGFA – Atl.05/22/2021 at 2:59 pm in reply to: eBay phasing out “Require Immediate Payment” for Managed Payments? #88812
The word on other forums from some admins. who correspond with Ebay employees [so they say], is that Ebay is trying to “FIX’ the way buyers use the Shopping cart and to allow buyers to buy less costly items, and stretch out over sveral days to buy multiple items and sellers to build up sales.
Many collectors of smaller items like cards. many ephemera / paper / advertising pieces want or need to be able to buy and combine shipping and also allow sellers to ship in multiple boxes.
Now if this is true, that Ebay is messing with allowing delayed payments for these and other reasons, then here we go. I see more messes coming from Ebay on top of the restructing of categories and Item Specifics. They will probably wait until fourth quarter to start messing with that. LOL 🙂
Mike – MDCGFA – Atlanta05/22/2021 at 2:47 pm in reply to: Scavenger Life Episode 514: It’s Not About Ebay, It’s About Scavenging #88811
Yep. Have used it for the last few years. I used to use QuickBooks for many, many years but after selling my larger companies and retireing and started running our 3 online stores I knew I did not need all the cow bells and whistles of QuickBooks.
I cancelled my QuickBooks subscription and re-created my COA [chart of accounts] in Quicken, “taught it” to memorize my payees and total expense structure, very easy to do. Attached my credit cards and bank accounts, both personal and business. Now everything downloads every morning and posts to all our personal and bznz accounts. The only thing I have to do is rename any new items that are brand new vendor accounts.
I can even invoice from Quicken for other services such as some consulting I do, and I even ran the project management part of 4 houses I and my former business partner that I supervised for him.
I don’t know how it handles setting up W-2 employees and tax tables for employees but most people now days use a Payroll service instead of doing it themselves, like J&R do.
I can also call Quicken 24 hrs. / 7 days a week, get a state side rep, and these reps know accounting. As soon as they hear you are not understanding they will either ask or you can ask for them to jump on a remote access and they will log right into your account and just do the set-up for you. That is what part of your fee pays for.
Mint and Fresh books is more of just a project tracking and invoicing app. Though they are making strides but Quicken has had this down for years. As I said the most used accounting program in the world when Intuit [QuickBooks] owned them. Now, not as much, but still a great single entry bookkeeping system.
If you can’t state in the next 30 seconds why you need a double entry [General Ledger & side journals] program, then you don’t need it. Too complicated and too easy to mess up if you are not a bookkeeper. Screw up your General Ledger, then you will have to inform your CPA and he will have to make entries, or off setting entries, etc., etc. and will charge for it.
Ask Mark Tewes on here. Ask him if he thinks most online sellers operating on a cash basis instead of an accrual system need a double entry / general ledger accounting system? I would be surprised if he says yes. My CPA says no.
At year end I can furnish enough reports [.Pdf] files. Quicken also has a mileage tracker in the Deluxe or Home and Business versions. Don’t skimp on a smaller version just for a few bucks per year.
Intuit were the original owners. The QuickBooks guys had Quicken for years. It is the most recognized accounting program in the world. Intuit got more interested in Growing the Double entry bookkeeping portion of their financial interests and stopped paying much attention to the single-entry bookkeeping system used by Quicken. So, Intuit started to let updates and new growth coding fall by the wayside.
So, they Sold it to H.I.G
<span class=”ILfuVd NA6bn”><span class=”hgKElc”>Here a copy of the 2016 announcement.</span></span>
<span class=”ILfuVd NA6bn”><span class=”hgKElc”>Quicken: An Overview. QuickBooks and Quicken are two of the most widely used financial management tools in the world. Both programs were part of <b>Intuit</b> (INTU), but Quicken was sold to <b>H.I.G Capital</b> in 2016.</span></span>
Quicken is not QuickBooks and vice versus. Quicken was bought and greatly improved since Intuit lost interest and sold it. Even Microsoft started to buy quicken but developed MINT at the time. I think may MS did own it for a short period.
The Quicken staff is great. So just call them and talk with a rep. tell them how you conduct your business, how you track expenses, how you do payable [OH, OH, you can even set up to pay your bills both personal and business through Quicken], Ask them what kind of reports you can get and if you don’t know what you need let them tell you.
I used to teach on a collegiate level and the only dumb question is the one you don’t ask.
Jay has said I write “walls” of text. Well, here you go, take what I have outlined, what you see about other programs, call and talk with them. I am not afraid to question anybody for an hour or more. But I get the details I need to make an informed decision.
And as my old ending line used to say, just my opinion and that plus $1.50 will get you half a cup of coffee. But with J&R maybe 1/10th of a bag of ground up beans!
Mike at MDCFA in Atlanta05/19/2021 at 12:32 pm in reply to: Scavenger Life Episode 514: It’s Not About Ebay, It’s About Scavenging #88776
Intuit sold off Quicken a few years ago and the new company who bought Quicken! [not QuickBooks] has done a big overhaul. It is called Quicken Home, Business & Rental Property.
It does everything. You can create any categories you want, add them in sequence just like a customized COA – Chart of Accounts. Pull Profit and Loss statements, and on and on. for about $70 for the year. It also synchs in the cloud in case you need a back-up. You can even generate invoices if needed.
We have done extensive discussions about EAT, Quicken, QuickBooks, WonderLister, Sixbit here on SL over the years and if you search SL on those keywords you will get a lot of tips and comparisons.
Mike at MDC Concepts, Inc.-MDC Galleries in Atlanta04/26/2021 at 8:34 am in reply to: Scavenger Life Episode 511: Our Coffee Shop Is Open!!! #87871
Besides going the cross posting route, you might try the online auction houses like Hi-Bid, Auctionzip, etc. with a reserve bid. But there is a chance it will sell below what your expectations may be. But would think the aggressive seek and destroy private company teams will not be trolling those sights.
Thanks buddy: Appreciate that. I agree 100%.
I will tell Susan ya’ll all said Hi. Maybe make her feel better. Trying to keep depression from setting in.
mike @ MDCGFA
Hello to you also Temudgin.
Yep been about a year and a half and $330,000 after all said and done for Susan to get all the radiation, chemo-theraphy and 3 operations for stage 3b endometrial cancer. She also still has <span class=”ILfuVd”><span class=”hgKElc”>osteoarthritis and rheumatoid arthritis, degenerative back disease and now they told her she needs two knee replacements. Poor kid, I feel so sorry for her. Just pains her to move much at all these days. She hasn’t been able to work on the online businesses much for about two years.</span></span>
One of the reasons we are culling out any larger pieces from our inventory is because I can hardly run 3 online stores myself even with the 2 part time helpers. Budget restraints will also force me to probably have to drop the helpers but will keep them to help us get everything listed prior to 4th quarter. But from there on, I think it will have to be just me doing the stores and caring for Susan.
Took her out for breakfast and lunch today. It’s our 52nd anniversary and that was about all she could take.
I agree with you, that the fear of meeting at a persons house is maybe overblown. I subscribe to what is the difference between a single buyer at a yard sale and a single buyer coming for only one item. To top that off isn’t selling one item from your yard the same as selling 24 items from your yard.
I could just make sure I always advertise “a small yard sale” and always have 3 or 4 items for sale at a time and show those in photos. Then, viola’ it’s officially a yard sale, small as it may be. But I have got to move out [sell] these larger items. The large 7 piece stereo system, 2 dress form mannequins, a movie projector screen, lawn swans, pet litter boxes, metal tri-pod, large beer sign mirror, over sized framed art, and about 100 pcs. of smalls. Sounds like a yard sale to me.
Thanks for the reply.. Been following everyone on here since I last posted about 4 months ago. Everbody seems to be making sales and growing despite what curve balls Ebay keeps throwing at us.
TTFN…Mike at MDCGFA in Atl.
Hey Guys… Been over 4 months since my last post. Just a whole bunch of stuff going on that we had to put full force focus on.
Question for the group.
With wife’s health issues still lingering, we have decided to pull some of the larger items and sell them locally either in a yard sale or individually through FBMP and other local channels.
Had our helpers and us all discussing the methods. Of course everyone started talking about selling locally and the safety issues like meeting at a safe location, meeting at police station, and all the messages back and forth that comes with local selling.
So the thought occurred to me and thought I would run past the group here.
What is the difference of having a yard sale, advertising in all of the same sources, sitting in our driveway and only have one person drive up, get out and buy something or advertising a single item and having one person come to the house for a local pick-up. Why all the danger preparation, meeting off site, using cameras, and all the being afraid as compared to only one person showing up every hour and it’s a
yard sale”. Isn’t the one on one danger just the same? Same advertising sources, same people looking, and only you and one person buying and the yard sale guy knows your address also.
Any thoughts on why it is better to go through all the off site stuff?
Mike at MDC Galleries in Atlanta
Jay, You sure about this?
“You can not have “make offer” on an item, but still send people offers.”
Maybe I am not understanding what you are saying .. But you can have Make an Offer turned on and also still send offers out on items.
In our case, I have “Make and Offer” turned on for almost every item in our store [about 1,200 items] except for about 2 dozen special or lower priced items. And, I send offers out to watchers twice a day, morning and evening. All of those are ones that we have “Make an Offer” turned on in the regular listing, and we also usually have a % off Sale running and our daily offers to watchers go through on top of all of that.
We get a notice from Ebay all day long informing us that they have served up a list of listings we can make Offers to Watchers on. All of those already have “Make us an Offer” turned on, and are on Sale.
We usually add another 5% on top of the current sale price to provide an extra incentive to buy.
mike – MDC Galleries
Same for us SCJ: We carry every Priority box size including Regionals. Then get our Free Ebay boxes for sizes in between.
We usually can find a box the fits with an inch or so all around. We use our box Resizer tool to bring down any box if it is too high. Zip, Zip 4 times each side cut corners down to the perforated line the resizer made, fold on the perf score and cut off the extra.
We Franken Prioirty boxes all the time. Add two together, splice them, etc., etc. Just never the flat rate. We even splice a Priority box with a generic plain one. We always use Priority Pricing though. Actually almost 99.9 percent of our items just go Priority.
Box resizer is great for down sizing a box if you have a little space to spare and your box is a few ounces over the next pound up rate. Example, a box is 4 lbs. 3 ounces then either trim two of the flaps a little OR use the box resizer and just pull and inch off the box all around, zip, zip, fold, cut and now you just pulled a couple of bucks off your freight bill.
FedEx and UPS don’t give a hoot or holler about any what the boxes look like. Just no brown paper wrapping paper on anything. We use white, black or blue polyethylene plastic for wrapping boxes if we need to “hide” something.
Mike – MDC Concepts, Inc. – MDC Galleries
- Yes, it synchs with every account you have. Businesses, stock and investment portfolios, mortgages, savings accounts, credit cards, auto loans, HELOC accounts, any type of account you set-up with it.